On this, we can agree. He should have focused on NYC Metro area until he became profitable, then all the extra dilution would have been unnecessary. But it is what it is now and his best option is to clean up the stock. RS and uplist is the best way to do that.
Well said, and I agree that he attempted to expand at the expense of investors and ran the company into the ground. That's why he has to do an RS, because the 11 investors who are underwriting the bail out told him ICNB is not viable in its present shape and form. How sad that a CEO with no experience at running a successful company made a big mess of a company that everyone agrees had a lot of potential, if it were managed properly.