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quote_420

03/17/17 7:01 AM

#23726 RE: GLMRF #23719

WOW!!!! Mr. Einstein. As of yesterday A/O is 500 mil and O/S is 492 mill. So, how are they gonna get more shares for you?
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Monte_Cristo

03/17/17 7:24 AM

#23740 RE: GLMRF #23719

Uhm, I guess you haven't read the amended terms of those toxic financing loan agreements, particularly the amended provisions dealing with the conversion price. Read carefully and tell me if you think dilution will occur in the same parabolic manner as before. Also, I guess you haven't read about the reduction in the amount of this toxic debt. This won't be a case of shampoo, rinse, repeat.

And who exactly is chasing a pipe dream here? I'm investing in an undervalued company that's clearly reversing from bottoming-out at the end of February. Barring some unforeseen event, the price will not eventually degrade to the same levels because the circumstances are totally different from before. You should have hopped on this train when it stopped at the station back in late 2016 and early 2017.
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shotsky

03/17/17 9:23 AM

#23842 RE: GLMRF #23719

I don't believe I have EVER seen so much incorrect information in one paragraph! Yes, the OS will be 125,000,000 instead of 500,000,000, but your SHARE PRICE will also be 4 X the then current price.
ICLD's latest loan is through a long time 'friend' investor that is extremely unlikely to convert his loan - it would hurt his own position to do so. ICLD has 2 years to pay the loan and will still receive $900K as part of the last asset sale, almost twice the size of the most recent loan. That loan is suspiciously small, which makes me think it is some sort of a bridge to 'something big' that is still in the works.