Wednesday, June 20, 2012 11:04:04 PM
"after the deal with punch the Float will not change"
Between the Quarterly/interview and the signing of the punch deal, The float MAY have changed, therefore the statements are true.(bulletin board stocks can get away with a lot)
At the time of the interview, there were 600mil outstanding shares of which 2/3 were restricted. The value of ICPA was about $30mil " you take the outstanding shares and multiply by the share price"
So the statements of NO-DILUTION are eroneous. If there is NO-DILUTION, there would NOT be the selling unless it is so clear of the dilution.
My guess the only way ICPA could get to $1 plus per share and to attract more serious investors is to do a REVERSE SPLIT and get the total shares issued down below 50 million which possibly by now there is $2billion outstanding shares for common. About a 1 for 40 reverse split. ICPA has done this before it seems. Or, it could be sub-penny and a share buy back will occur. Either way, this will be in sub-penny before too long.
CONCLUSION: dont be a bag holder of a dream. Wait again for the sub-penny's to get here, then take a look at it.
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