Replies to post #2679 on Icoa Inc (ICOA)

[Mango]

Nice post Globalj.

Based on the math, it looks to me like the O/S was 564,695,000 prior to the May 5 R/S ...

which as pinksheets states, would make it 112,939 post R/S on May 5, 2010. 112,939 x 5000 = 564,695,000

Either way, 650 Million or 564 Million, it wasn't anything out of control!!!

And as you said, the last R/S was over 20 years before that!




Quote:

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....

[Vulcan]

Nice post. person mark for you. THanks.

[soybanzai]

"The O/S was not run up prior to the RS and looks to have been done for the purpose of restructuring preexisting debt."

So you're basically saying there are no clauses in finance agreements that deal with share count or reverse splits.. Seriously?

[WhisperingEye]

Hey all the DD is there i'd say and it seem WI-FI is the new thing of the future.