The big picture folks.
Too many people make decisions based on short term thinking & also based on emotion.
Sure Steve has made some mistakes, but lets compare what he has accomplished in the past year vs the things that people keep complaining about.
1 year ago, this company was basically a web site.
Now it is a media company with a variety of things going on. This is all very new stuff, yet there are revenues now coming in. There are expenses too. Thus: more shares out.
That is very fast progress...even though a lot of impatient people complain how long things are taking.
From where I sit, the positive facts outweigh the negatives by a country mile. The 2 most notable ones are:
-We own a TV network with ad revenue. In its infancy stage.
-We have a huge deal with Clear Channel that is just starting to unfold. Guaranteed revenues for years to come...but this is also just getting started.
I believe we have a great leader. Steve makes a greater effort to address shareholders needs / questions thant any other CEO out there. He cannot answer every question...and yes, he has said things that haven't worked out.
You can take the persepctive that he is just out for himself & that he answers what he likes...or you can take the perspective that this is a rapidly changing business & he is constantly adjusting to adapt.
I hate the share price. Steve & Joseph hate the share price. Its down for a whole bunch of reasons.
But I am constantly impressed by the progress Steve is making & by his communication with shareholders.
Whats the market cap of ICPA right now? $3 million or so. Seems undervalued to me. The bashers + the fear factor have driven this stock down well below where it should be.
Just a matter of time before this begins working its way back up. I don't know what the potential value of this company is, but I've invested because I'm confident its a lot more than $3 million.
I have not sold 1 share. My average cost is a little over 1 cent (because I got caught up in the excitement & added shares on the run up to 5 cents). I have no intention of sellling anything until we are WAY higher than 1 cent. In fact, I am hoping that this will be a significant part of my retirement money.
We have made huge strides in the past year & I think the next year will make us all very happy.
So even though I am in the red here, I have complete confidence in Steve & this company.
ICPA; gotta love it.
