IMO - Rubber meets Road week at ICOA! Here is what I need to see, what I expect and when.
I understand things happen and I am extremely patient (been here a long time) but, I believe that if a CEO of a public company that has been in business for 20 years is going to make promises to the market they should understand the potential road blocks in advance and not over commit if they can not be achieved.
1. We need an updated Web site. This was promised before and all we saw, after the promised date was a notice that they awarded an already existing partner the job to build a new one. Need by Wed, Dec 15th.
2. Need confirmation the second "1 Billion" shares to be cancelled by Dec 7th was cancelled. Need By Wed, Dec 15th.
3. Need time line and understanding of what else they are actually cancelling. Are they still doing the whole 4.5 Billion they promised. Need by Wed, Dec 15th.
4. George promised info on JV and Acquisition by end of November. We need this info by Wed, Dec 15th as it is past due. I personally believe the lack of info by the deadline has hurt the share price and the volumes. Just my Opinion.
5. I understand he is now saying financials will not happen until sometime in Q1 which, again him having been in business for twenty years he should not have committed if he could not complete but, We at least need to see an updated Share Structure immediately. We can not build any momentum until people stop screaming dilution, unless it is real. The other fact is in the PR where they announced 688,000 shares "Preferred B" to convert over $2.0 million in debt, we have no clue as to how many shares each Preferred B equals. Back in 2006 it looks like each was worth 10 common but after the R/S back in May 2010 who knows what the structure could look like.
Anyway, I will be emailing George again asking him when we will see updates but, I expect he will not respond as he has not to date.
I hope we have a big week/Month/2011 with ICOA and we all make tons of money.
Good luck All!
