Icoa Inc (ICOA)

[mikeymgd]

We have all seen MM's drop a stock for liquidity but that is not the case here.

The 1m in sales this morning are not scare tactics (nor were the initial 300k). The hundreds of millions in sales over the last couple of weeks are not fake moves to scare people. They are Sell orders going through.

Typically if a stock has a lack of liquidity you will see the MM's either drop or prop a stock with a small order but here its both selling and dilution. The volume is much too large to be deemed a scare tactic.

0.0006 5000 OTO 10/26
0.0005 838000 OTO 10/26
0.0005 1280000 OTO 10/26
0.0005 5000 OTO 10/26
0.0005 1000000 OTO 10/26
0.0005 300000 OTO 10/26
0.0005 2000000 OTO 10/26
0.0005 100000 OTO 10/26
0.0005 575000 OTO 10/26
0.0005 1900000 OTO 10/26
0.0005 236087 OTO 10/26
0.0005 1000000 OTO 10/26
0.0005 218000 OTO 10/26

Here are the trades at the end of the day yesterday. I would doubt the many sell orders are fake and the one big $1.5 buy is real. The reality is that the selling is rather relentless and the buys are just to prop up the stock.

We need to get an idea of when the company is going to stop dumping shares.