Sunday, September 12, 2010 11:03:14 AM
This is what I tuned into during their PR last week:
"In November 2009, ICOA filed a Form 15 with the SEC to become a non reporting company; the Company felt this action was necessary to conserve its cash for the ongoing operations." =They decided not to go to dilute to achieve this
and
"Prior to November 2009, ICOA, Inc. had been a Bulletin Board company since 1983 and a fully reporting company since 2000. Management has the required experience and relationships developed over the last decade with auditors and securities attorney's to accomplish its reporting objectives." =They kept their books in order and continue to operate responsibly during thier non-reporting status.
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