InvestorsHub Logo

Navin R. Johnson

03/14/17 8:05 PM

#19801 RE: Threeflight #19787

All are reasonable questions, and the main point is that new tech companies are notorious for going into the red as they grow the business. And with Dodd-Frank, conventional financing is no picnic anymore, so a company needs to be creative with borrowing by issuing convertibles and high interest loans to finance the start-ups of each business division.

Look at Coupa Software... they had a 60% increase in revs to $133M last year and still lost $34M. And they are a $1.3B company.

So diluting shares to pay off notes was the best alternative to ICLD in the immediate term to lower the debt, and it has been very successful over the past year.

I also would be pleased as an investor that the management made the related party loans and approved a R/S instead of increasing A/S to 5B-10B shares.

dinogreeves

03/14/17 8:09 PM

#19807 RE: Threeflight #19787

Your point exactly, "And THAT is the reason this stock trades at 5 cents and got as low at 1 cent."

When the company executives get paid as much as they do Munro as much as 700K for a pink stock, Wall Street doesn't like it.

When they are not forthcoming with the asset sale because I am sure and more than confident, that he pocketed several millions from that deal under table, only in America, right? right. If we have out poticicians as crooked as they are, you don't think Munro is crooked? Of-course he is.

Unless he does some drastic changes, nothing will change, maybe at the most like "Powerbattles" said 0.25 only because that's what he believes they are worth, not because of the management buy because of revenue stream.

These executives including Munro is bilking the shareholder to no end, they don't care for the shareholders, they don't even care what the stock does, oh wait... they care, in-fact I will go as far as say they are probably short the crap out of this, just like what they did with frenzy buying spree, they knew today was the best time for short attack, they are hedging, not for the benefit of the company, but for themselves. Them buying the share several months ago for premium, to me, this company doesn't fall into that category to boost my confidence in the stock, to be that is facade, where he is hedging against his own position, nothing more.

fojcol

03/14/17 8:14 PM

#19814 RE: Threeflight #19787

Don't overlook the fact that this 10K is dated December 31. It's reflective of where the company was at December 31, not where it's at today. A lot has happened since December 31 which is not reflected in the 10K.