Icoa Inc (ICOA)

[StockVoyager]

Here is some info on preferred shares and how they are treated.
Think about this after one reads this as preferred shares take precedence over everything else and the company typically pays a dividend on them to the holders. There may also be an option to convert to common shares at a pre-determined price. This would equate to 1.72M dollars of commons if it was ever converted. That would be massive. We do not know what the dividend payments are on the preferred shares. Based on this info alone they have not been making money for years and stiffing their obligations.

We do not have any disclosure details on what the price for converting to commons would be or how they intend to pay for this other then a desire to be successful I do not see how they can succeed with the information presently available.

Until I see some transparency or revenue producing information coming from ICOA I will continue to question the viability of this company. It is so amazing to me that there are investors so blind to the fundamentals on this they do not care about the business and financial details.

http://www.money-zine.com/Investing/Stocks/Buying-Preferred-Stock/