I still believe this Stock has a 40% chance of make no money for longs, but that all depends on whether he’s been genuine. We’ll know if audit gets done on 2017 and released in Mar or April. We’ll know if he moves the 49% into ICNB without sticking it to them like the debtor deal he orchestrated. We’ll know if he uplists as promised in 2018.
And yes, Dilution will likely continue, but hopefully at significantly reduced rate. Fins will tell us a lot. Will they contain provision for dealing with his “deferred salaries” and for how many back years? Is he cash flow positive?
Things yet to discover...was 4th qtr a fluke or a sustainable growing business? Does he have plans to cancel those shareholder value killers called Pref Ds? He doesn’t need them as a poison pill. He already has that in the Pref As.
We’ll see in a couple months. 40% chance value of ICNB will rise (how much will depend on Sales and dilution rates). 60% chance value of ICNB will fall in the toilet...trips again, waiting for a rinse and repeat for time number 10. One good thing is possible though in this scenario. Longs who hold thru all of this have a chance to be the trips gang for the next pump business he starts. Maybe with legalized marijuana, he recycle his original business in 2005.
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