Icoa Inc (ICOA)

[tchalla]

looks like the whole 10 billion will need to be issued imo. if the insiders own 4.5 bil and the debt is $2mil payable in convertibles that only had a 12 month lock up, which may actually be up now for all you know. they worked on the debt financing a long time ago. with $2mil convertible into shares, you're talking about at least 2 billion shares on top of the 4.5 billion that the insiders own. now, that is just the paid debt. what about operating dollars? how many more billions will be needed for operating cash? see the questions and why what you think is good, is not really so good? lol lots of info in that pr that spells huge dilution imo. cheers to you all.