Replies to post #29630 on Icoa Inc (ICOA)

[Buzzie]

That settles it, we have a two penny stock.

[PennyHeaven7]

Very Impressed , plmcc with your DD on the possible BUY OUT share price of ICOA.

I for one have been saying all along ICOA is worth at the very least 1 cent a share, but Hell I would love to receive 2 cents.

IMO IF ?? their is going to be a BUY OUT it will happen in the next few months, not years thats for sure. IMO

Patience and Faith that sooner or in ICOA's case later, ICOA is at the very least worth a hell of a lot more then just .0004 a share, thats for sure. IMO

Thanks for your following post:
Here are some Very Basic Figures, rherr987:

1. Per OTCMarkets.com: O/S of 5,387,363,273 shares as of Aug 31, 2010.

2. Per PR Newswire (via IHub) on 04/27/2011 @ 3:39PM: ICOA, Inc. (OTCPK: ICOA) today announced that it has completed the documentation for the cancellation of the third and final tranche of 1.675 billion shares held by related parties. It will be effective by April 29, 2011.

Result: Based upon previous announcements using the most conservative figures, total reduction amount in shares by 04-29-11 = 3,975,000,000 O/S shares.

3. Resulting New O/S: 5,387,363,273 existing shares minus 3,975,000,000 reduction amount of shares = 1,412,363,273 O/S shares.

4. Per OTCMarkets.com: Previous Market Value using approx 5.4 Billion O/S = $2,154,945 dollars - OR - $0.0004 dollars per share.

5. New, ESTIMATED Market Value using 1,412,363,273 O/S: $2,154,945 dollars divided by 1,412,363,273 O/S shares = $0.0015 dollars per share.

6. ESTIMATED "BuyOut" Value Dollars: $30,000,000 dollars of Tax Loss Carry Forward PLUS $2,154,945 Market Value Dollars = $32,154,945 "BuyOut" Value dollars.

7. $32,154,945 "BuyOut" Value dollars divided by 1,412,363,273 O/S shares = $0.0228 dollars per share.

8. Additional "BuyOut" Value dollars created between 2008 and 2011: Unknown.

Now, sources for these Additional BuyOut Value dollars could be current revenue, access to existing markets not currently available to the "BuyOut" Buyer, etc.

And Now . . .

9. Additional "BuyOut" Value dollars needed to reach $0.10 dollars per share: 1,412,363,273 O/S shares times $0.10 dollars per share = $141,236,327 dollars; minus $30,000,000 Tax Loss Carry Forward dollars = $111,236,327 dollars.

So, is it "delusional thinking" to think that George S. could somehow come up with that kind of Additional "BuyOut" Value dollars in order to create a true value of $0.10 dollars per share?

Well, IMO, George doesn't have to. All George has to do is to be doing things that convince the "Market" that this stock may and/or will become worth this much to a "BuyOut" Buyer.

So, Now . . .

Has this kind of thing (convincing the "Market", that is) EVER happened before, I mean, in recent memory?

I'd like to hear the boards thoughts on this last question, please?

TIA

"Keepin' Da Faith"

-= =-

plmcc