Water Boarding

[DiamondFire]

Could ICTY FLY to BLUE SKY?

imvho!



Now before we go any further here, notice I say 'could' and not 'can' or even 'will'. 'Will' to me in the strict sense of the word is 100%, 'can' is about a 75% chance and 'could' is sometimes a 50-50 toss-up - but here with ICTY more like 60/40 odds to me (...and 'might' to me btw is 25%, so ICTY ain't that bad!)

But based on several factors I mention below, to me it's more than worth the risk vs. reward odds, and worth a starter position at least...:


First let's take another look at the actual wording from ICTY's first merger PR...here is the link to the February 9th, 2012 PR:


http://ih.advfn.com/p.php?pid=nmona&article=51115933




"EyeCity.com, Inc is currently in late stage negotiations with two mining companies as merger candidates. The Company has a Non-Disclosure and Non-Circumvent Agreement with the parties. Both companies are in the advanced stages of their mining exploration, with significant holdings and mineral deposits to explore and meet the requirements for a public company."

...so I like the phrases: late stage negotiations; not one but two mining companies to merge with; both companies in advance stages of mining exploration with potentially big mineral deposits -- and both meet the requirements for a public company. Check, check, check, check and good!




"Completing both of these transactions is management's current primary mandate contrary to much negative public opinion. We expect to be able to announce completion of both transactions within the very foreseeable future."

...again here is the refernce guys that this could be a TWO GOLD COMPANY merger into ICTY: "both". And I like how it should happen soon - and that the company is also putting out there that they want to prove the public wrong: always a good motivator...




"Part of the merger will include the recruitment and announcement of industry leading management joining EyeCity.com, Inc.

Once the merger is complete management will step down in favor of these industry experts more qualified to run the company's expanded operations."

...hmmm: so what they are really saying to me is that they have no problem letting more qualified owners and management take over. Why? Well what do they care: if they set up the right deal they will make a ton of loot! And btw I do like the wording here of industry leaders and experts...




"Immediately, upon the signed execution of an Agreement, and compliance with all appropriate regulatory authorities transparent details of the transaction will be released for all shareholders and interested parties.

The Company cautions all shareholders that non-verifiable rumors are not credible. The only credible information is as officially presented as fact by EyeCity.com, Inc Management."


ICTY is painting the clearest picture possible for the investment world here, and laying down firm groundwork: CHECK! And to now summarize all of the above, these are just words and this is a Pink stock, BUT these are about as bullish of words imo that can be legally said in a PR about a merger in process - without actually announcing it lol!




Now lets move onto the next and last PR on February 23, 2012 - an update on the meger process:



http://ih.advfn.com/p.php?pid=nmona&article=51290255



"As previously reported ICTY is in late stage negotiations with two independent mining companies, both with significant mineral reserves. The two mining operations are geographically diverse, one located in Mexico and the other in West Africa. The two mining operations are both focused on gold. Given the strong global demand for base and precious metals many forecast that gold prices will continue to trend higher. These mining operations were targeted based upon reported resources and long term growth of assets."

...these two regions of the world are known gold producing regions, so that's of course good. Also to make it exactly clear they are specifically after 'the gold'. And I like how it's reitierated again that these merger 'targets' are sought because of 'reported resources' and for longer term growth as well...




"Mr. Bradley R Wilson commented, "As part of the ongoing due diligence, ICTY has engaged an independent geology specialist to review the mining reports and assets on each project for ore deposits with a specific focus on gold resources."

Independent Geologist? Excellent! They are certainly attempting to come out with the clearest fact-based merger they can...again all so they too can make a ton of dough upon leaving the company and stepping down: i.e. seems like they are trying very hard to sew their own Golden Parachute - would you if you had a chance, and your 'final job' at a company was to find the best merger candidates to make the most money possible?




"The planned structure with the two companies is an exchange of assets/share structure for the merger. The consensus of all parties in the negotiations is to do the exchange with a preferred series of stock in ICTY.

The objective of the preferred series is to protect existing shareholders and avoid dilution of common stock. As previously stated in an earlier press release, the Company is bound by a non-disclosure agreement and until such time as a signed contract and compliance with all appropriate regulations is completed, we cannot expand on specifics of the negotiations. Immediately upon the signed execution of an Agreement, and compliance with all appropriate regulatory authorities transparent details of the transaction will be released for all shareholders and interested parties."

The Company cautions all shareholders that non-verifiable rumors are not credible. The only credible information is as officially presented as fact by EyeCity.com, Inc. management."

Perhaps the best caveat of all here: to protect 'We' Common Shareholders the merger would be assets for share structure of Preffered Shares going to new company owners, management and BOD. Then once again the company makes it very clear how CLEAR they want to be with the financial 'authorities' and trasnparent when the deal is done, and how ANY rumours about this merger are false.....: KEEP SEWING GUYS - !





What I also like about ICTY is that I see only one name change in last 13 years - and that was back in 1999, meaning this isn't like their third merger in last 7 years..always trying something different and probably selling shares into any run of pps:


http://www.otcmarkets.com/stock/ICTY/company-info



...and what I like even more is that I see NO RS HISTORY in all this time:



http://www.otcmarkets.com/stock/ICTY/company-info



Now what I don't like here is the Share Structure here at 5 billion AS and just under 2.3 billion OS as you can also see in the above link. Some here have said that the CEO was talking of a share reduction - but I can find anything on it, though maybe others here can point me to a link...though if any commodity out there can compensate for such a large AS its gold - and the price of it. Higher AS penny Gold stocks have cleared a dime - so if your investing in any penny stock imo that has a huge AS, can't hurt if that penny stock is in the gold business...


But now what I like here though is that we live in a post GD$M world where that Trip Z penny stock just went from .0004 to over .03 cents in several months. Sound famaliar? But to me it did this phenomanol RUN on 'only' a JV deal with an option for 3.5 million to aquire the claims outright...imo any claim with more than a mere 10,000 mineable oz's of AU would not sell for that little:


BOSTON, Feb. 14, 2012 /PRNewswire via COMTEX/ -- Gold Coast Mining Corp. (Pink Sheets: GDSM) is pleased to announce today that the Company has entered into a Joint Venture Agreement ("JV") with Western Sierra Mining ("WSRA") on the Gold Crown and the GS1 thru GS4 (formally Gold Star) mining claims (the "Claims") . These mining claims are located on BLM and Arizona state land and cover some 620 combined acres.
According to the terms of the JV, Gold Coast will have a 50% working interest in the claims in exchange for funding the JV into production. The JV Agreement also grants Gold Coast the option to acquire the claims outright for $3.5mm. The parties have worked together and combined resources to arrange the funding of Phase I and Phase II of the development plan to advance the claims toward production. This funding effort has been approached and structured to accomplish 2 main objectives; the advancement of the project through Phases I & II and the commitment to avoid toxic financing and/or a reverse split. The funding structure will accomplish those objectives and will be disclosed in its entirety.

http://ih.advfn.com/p.php?pid=nmona&article=51182774


Though the SS here at ICTY is about 7 times larger in both OS and AS then GD$M, we are potentially looking at a complete merger of all assests of two LATE STAGE expoloration gold mining companies - not merely some 'Phase One to begin when funding is secured' gold company...BUT this didn't stop this stock from these massive gains.

Furthermore to me, it looks like some money and Posters have already come over here to the ICTY Board to see if it can all happen again: Boardmarks rising everyday tell me this - and in this penny game we all play it's mostly about anticipation...


...so yes, the IHub ICTY Board is growing, and even some outside Penny Sites have picked up on the ICTY vibe as maybe 'The NEXT BIG GOLD PLAY', with no compensation so that can't hurt:


http://orbitstocks.com/


Finally, I like the potential for a pps RUN here, cause again we are talking about GOLD: a mere 100,000 mineable oz's of AU would be about $180 million dollars and even if they maxed out the AS to 5 billion - a run to a penny doesnt seem unrealistic, or a five bagger from here. But the OS was last reported to be half that - so then .02 cents is not out of the question.

But then why would ICTY go through all the trouble of joining such geographically diverse gold mines that only have a combined 100,000 oz's? - That doesn't fit their bullish description in their PR about: "...significant holdings and mineral deposits." TWO gold mines in these parts of the world could imo each easily have 100,000 oz's each, then perhaps a pps run to .03?? and on and on...the higher the mineable ounces that we could all get from an INDEPENDENT GEOLOGIST, the higher that it could send this stock into pennies pretty quick.

...and IF we all get the PR and the gold results we are aniticpating, then yes I would change the heading of this post from 'could' to:

"ICTY CAN NOW FLY TO BLUE SKY!" ...(hey there ain't no guarantee's in the Stock World...so no I still wouldn't use 'will' lol!)



We shall see - time will tell and so will the chart: since .0004 and the start of this mini-run, any dips have not lasted long...


Good luck and only invest what you and your family lol! can completely afford to lose!