With ICOA, the same management team has had 20 years to make something happen with this stock. The best I've ever been able to ascertain that this stock has ever done was the .0001 to .0017 move that it just recently had.
I hope those in ICOA realize their goals for this stock, but IMO is doesn't look good, and here are some reasons why:
1. Their revenue stream seems to have fallen off substantially, as the business model for WiFi hot spots migrated from a end user pay model, to an end user free model over the last several years.
2. An ongoing business that doesn't keep their website at least fairly up to date (and they are in the WiFi business too, lol) speaks volumes to me!
3. Obvious dilution has been going on, all while the company has been touting "retiring shares"! And it's not a MM shorting issue, but rather more shares are hitting the market then buyers can absorb, hence the DROP in PPS.
4. IMO this is a last gasp effort for a possibly retiring CEO (68 years old) to get out with some money from his dying business.
this post is only my opinion and for those in this, I hope I'm wrong.
Best of luck to all traders!!!
My last post (15th) of the day!
ICOA - This could very well be a chance of a lifetime to literally get in at the bottom of a Stock that could rise 100x from this point in the next few months if all goes well IMO.
Something big seems to be going on for sure with ICOA stock.
Once they get current on their filings this will blow up bigtime to the upside.
AI
