Replies to post #29849 on Icoa Inc (ICOA)

[plmcc]

Tails, Buy Out. "Everybody hold your butt" (Jurassic Park).

[PennyHeaven7]

NO Chapter. 7 Needed for ICOA, they already paid off all past Debts with Preferred shares, that are not even due till 2013 no less.

Also ICOA already has up to $10 Million Dollars in a Bank Line of Credit, to be used as needed to Expand WI-FI operations with going forward in 2011-2012.

http://finance.yahoo.com/news/ICOA-Inc-Completes-10-Million-iw-759555849.html?x=0&.v=1

ICOA, Inc. Completes $10 Million Transaction With American Marketing Complex

AMC to Purchase 20 Million Restricted Shares at $0.50 Cash Equivalent Credit per Share . WHAT?? .50 cents per share for ICOA restricted shares. $$$$$

So go try and scare someone else, but we ICOA Longs already know ICOA is here to stay, either a BUY OUT or a BIG Joint Venture Merger is in the works. IMO I just hope we get at least 2 cents or more a share, I for one will be very Happy and lot more Wealthy even at 1 cent a share we are talking over $100,000.00 for me at least. YES !!

http://finance.yahoo.com/news/ICOA-Inc-Converts-2070000-of-iw-4242565439.html?x=0&.v=1

Press Release Source: ICOA, Inc. On Monday October 4, 2010, 9:00 am EDT

WARWICK, RI--(Marketwire - 10/04/10) - ICOA, Inc. (Pinksheets:ICOA - News) (www.icoacorp.com) announced today that it has entered into an agreement with American Marketing Complex (AMC) to purchase 20 million shares of ICOA's restricted stock at $0.50 Cash Equivalent Credit per share.

The Cash Equivalent Credits may be used in combination with cash to obtain, if and when available, on a best efforts basis, certain goods and services used in the daily ongoing business of ICOA, Inc. as well as provide the potential to satisfy certain other obligations of the Company from time to time.

The Company believes that in order to strengthen its balance sheet, it is important to preserve present and future cash flow. Through AMC's services, the Company may use the Cash Equivalent Credits to purchase goods and services for which it would normally pay all cash, including but not limited Print, Radio and TV Advertising, Travel, Lodging etc.

Norman King, Chairman of American Marketing Complex, stated, "We are pleased to be working with ICOA's management team and we are looking forward to support their efforts in building their exciting Wi-Fi business."

The Cash Equivalent Credits (CEC) are based on approved accounting principles (Opinion #39, Accounting Principles, Board of the American Institute of certified public Accountants, and opinions from Deloitte; PricewaterhouseCoopers; KPMG, and others). AMC offers decades of successful business services to clients.