Replies to post #2663 on Icoa Inc (ICOA)

[Mango]

You got that right!!!


Quote:

If current SS can be confirmed, you have the making of the next rocket!

[Vulcan]

Good analysis. I see this doing an ECPL type run which also was a post RS play that went down to .0003 and then rocketed to .0024. For a whopping 300% return. And it only took one week. It's the kind of play that can turn your portfolio around in a real hurry.

[Globalj]

This does not appear to be a "typical" post-RS play. I completely agree with your post and think that ICOA would be a good post-RS play simply on the technicals alone. What's different here is that ICOA does not have a history of massive dilution, followed by a RS and followed by more shameless dilution.

Before the May RS, ICOA's last RS occurred in 1989 - over 20 years ago - and was a 1:5 split, I believe. Even the RS in May occurred with only 650 O/S notwithstanding the fact that A/S was 10 billion. The O/S was not run up prior to the RS and looks to have been done for the purpose of restructuring preexisting debt. In addition, the post-RS PPS decline happened with very little volume - a further indication of minimal dilution at worst. I just don't get the impression that this pink lives to dilute.

Combine this with the fact that ICOA has been in business and generating revenues for some time, I think this ostensible momo play just might have some substance to it. I'm not going to freak out if the A/S is 10 billion (unless I see signs of dilution), but if the A/S is only 1 billion, then ICOA should run hard.