RDWILD and SNIP9--- My question is to both of you because you both posted the same message and it has an interest to me--Scottrade, my broker. I am NOT a rich person but I do have 4,600,000 shares of ICOA and question where I go from here. IF and I mean IF I wanted to sell all or some of my shares and for discussion, lets say 2,000,000 With the current PPS what might I wxpect
Also regarding the Preferred Shares. What would I have left of the Preferred Shares
Last question is does SCOTTRADE Have an amount different than other Broker Houses???
Chucker
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Sorry chuckerfmfla, but it is up to you what you do with regards to your shares and I would suggest talking to your broker or money manager (as I am not either of those).
With regards to the prefered I don't have a clue what the options are with regards to them as I have not done much in the way of research as I only hold common (still do). I think the prefereds were treated with a little bit more respect than the common (and I would guess that was due to management owning them, but who knows). Now that the R/S is done if you going to hold them I would hold them (if there is an option to convert to common ... which they often do) until the common dilutions occures relating to raising money for both opertunities, then I would convert them. This assumes the conversion (if its an option) is more than a 1 for 1. Again I would talk to your broker/adviser with regards to this because there are lots of things that I might not be aware of that might effect this decisiion.
I can say that pre-R/S I owned about 30 million shares and sold off a good percentage of my position because I think it will down trend (down to the .05 range based on what I am currently seeing on L2) in the short term. As I have stated before if we can raise enough to provide the opertunities the cash required as a part of the agreement then I think we will benefit and our price will go up. I do however think we will go down before we go back up and as an investor I don't want to be all in (poker term) at this point.
CHUCK's Car!
