IMO, yes, you could buy shares at 10:59am on Friday or at least up to any Halt that might occur and you would be a legit shareholder. As soon as your broker takes your money and puts shares in your account they are yours. The 3 days settling thing means nothing, imo.
There are no circumstances under which I'd ever follow CNBC's advice, let alone these circumstances. They have badly misrepresented the facts here. Do your DD my friend and make your decision, but don't listen to CNBC. (On the other hand reading all the comments left on their home page article is quite amusing :o) )
I am honestly not trying to make fun of you in any way. I am saying, however, that you must own your decision. If an expected breeze shifts your direction, than perhaps stocks are not the place for you. I don't (sincerely) mean that as a condescending or mean remark. This game is not for everyone.
Before investing in any stock, ask yourself questions (and there are many more): 1. Did I do MY DD? 2. Will I run at the first sign of trouble? 3. If it drops to even 10% of what I paid for it, will I hold it, or is it time to cut losses? (The answer to that largely depends upon your DD and also your willingness to adjust to changing circumstances - it could go either way) 4. Am I just trying to "get rich" overnight (typical with pennystocks) or is this something I actually have confidence in?
There are much more experienced posters than I, and I'm sure they will add (rightfully so) many other things.
I'm an old fart, and I have been doing this for many decades. I have NEVER seen research on any stock as I have on this one (iBOX).
There are those who are more experienced than I, who say this is a fool's move. Personally, I'm completely confident.
Regardless of the outcome, I own my decision. The question to ask yourself is - Do you? There is no shame in being afraid or overly confident - as long as you own the decision and know it was best for you at the time - regardless of the outcome.