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Re: None

Tuesday, 02/21/2012 2:15:21 PM

Tuesday, February 21, 2012 2:15:21 PM

Post# of 66837
ICOA is not Enron...& ICOA is not that complex...Enron tried to hide massive failed investment projects to cover up its balance sheets...but If I'm the CEO of ICOA and I owe you money but I don't have the ability to repay it back with revenues or cash then you shud be able to request to settle the debt with stock and sell into the market to recoup what was lost or you can sue the company which makes no sense if they have no money to pay you out.

From what I can see here ICOA is not hiding its debt... theres 10 million of debt visible on the balance sheet...and has said openly if you have debt with us we are looking to settle it...using this creditor trust maybe not all the debt holders will want to settle like that maybe some will. This is nothing like Enrons off the balance sheet financing gimic