Icoa Inc (ICOA)

[jaydubs]

I did get an e-mail from the CEO.
I ask him about the shares and if the company was
diluting and below is his response.

Just to clarify, it was clearly stated in the press release bellow that these are RESTRICTED shares which means that can’t be sold or traded for a year if the company is “non reporting” with the SEC or six months if the company is fully reporting.



WARWICK, RI--(Marketwire - 10/04/10) - ICOA, Inc. (Pink sheets: ICOA - News) (www.icoacorp.com) announced today that it has entered into an agreement with American Marketing Complex (AMC) to purchase 20 million shares of ICOA's restricted stock at $0.50 Cash Equivalent Credit per share