wadirum1 Member Level Sunday, 09/14/14 07:04:21
Post# of 2102
Posted On: 09/14/2014 12:51:43 PM
wadirum1 Member Level Sunday, 09/14/14 07:04:21 AM
Re: None
Post # of 49035
$ICBT chart (below) shows a stock that got overheated in the Spring, on excitement over the Canwealth IPO. Since then reality has set in that the process would take a while to get completed, and there was very understandable profit-taking among those who had recently seen ICBT run from 0.0001 to 0.0014 (more than a 10-bagger).
The ICBT chart is currently oversold, with stochastics looking like they want to curl up for a nice move up. When FINRA approves Canwealth's ticker so that the IPO can commence, I see no reason why we don't move up past 0.0014 to blue skies.
I'm glad for CEO McIntosh's clarification that Canwealth is still in the midst of FINRA approval. Evidently that process got held up a bit, but if Canwealth can get SEC approval on its S-1, I see no reason to expect that FINRA wouldn't follow suit.
Much has been made here about the notion that FINRA wouldn't allow Canwealth to trade if ICBT, which is Canwealth's majority shareholder, isn't an SEC-registered company. ICBT being "dark" (since 2005) has led to a prohibition on trading in Canada, and some here think that every company that is approved by FINRA must have majority shareholders that are SEC-registered public companies. I've never heard anyone try to sell such an outlandish story. I guess sifting through the nonsense is part of what OTC investing is all about.
Some have lamented (often in boldface and/or all caps) that Canwealth's failure to sell shares is due to a lack of investor interest. Garth's posts (see GarthICBS) have clarified that he cannot sell Canwealth shares until he has a ticker from FINRA. That's seems pretty obvious to me. Of course, it doesn't preclude Garth from moving ahead on getting folks subscribed and ready to buy the shares once they become available, eh?
And as a last clarification, much doubt has been cast over the value of Canwealth's mineral claims. From my perspective, I think it is safest on the OTC to assume that all mineral claims by all OTC companies are all completely false. I'm not saying they are. I'm saying that I assume they are. Nevertheless, if Canwealth sells 15M shares at $1, that fact by itself creates value for ICBT. It enables Canwealth to pay back loans (so that ICBT can start on its next project) and the $15M sitting in the coffers of Canwealth is a tangible asset that means Canwealth is worth $15M or more. That alone puts ICBT much, much higher.
Re: None
Post # of 49035
$ICBT chart (below) shows a stock that got overheated in the Spring, on excitement over the Canwealth IPO. Since then reality has set in that the process would take a while to get completed, and there was very understandable profit-taking among those who had recently seen ICBT run from 0.0001 to 0.0014 (more than a 10-bagger).
The ICBT chart is currently oversold, with stochastics looking like they want to curl up for a nice move up. When FINRA approves Canwealth's ticker so that the IPO can commence, I see no reason why we don't move up past 0.0014 to blue skies.
I'm glad for CEO McIntosh's clarification that Canwealth is still in the midst of FINRA approval. Evidently that process got held up a bit, but if Canwealth can get SEC approval on its S-1, I see no reason to expect that FINRA wouldn't follow suit.
Much has been made here about the notion that FINRA wouldn't allow Canwealth to trade if ICBT, which is Canwealth's majority shareholder, isn't an SEC-registered company. ICBT being "dark" (since 2005) has led to a prohibition on trading in Canada, and some here think that every company that is approved by FINRA must have majority shareholders that are SEC-registered public companies. I've never heard anyone try to sell such an outlandish story. I guess sifting through the nonsense is part of what OTC investing is all about.
Some have lamented (often in boldface and/or all caps) that Canwealth's failure to sell shares is due to a lack of investor interest. Garth's posts (see GarthICBS) have clarified that he cannot sell Canwealth shares until he has a ticker from FINRA. That's seems pretty obvious to me. Of course, it doesn't preclude Garth from moving ahead on getting folks subscribed and ready to buy the shares once they become available, eh?
And as a last clarification, much doubt has been cast over the value of Canwealth's mineral claims. From my perspective, I think it is safest on the OTC to assume that all mineral claims by all OTC companies are all completely false. I'm not saying they are. I'm saying that I assume they are. Nevertheless, if Canwealth sells 15M shares at $1, that fact by itself creates value for ICBT. It enables Canwealth to pay back loans (so that ICBT can start on its next project) and the $15M sitting in the coffers of Canwealth is a tangible asset that means Canwealth is worth $15M or more. That alone puts ICBT much, much higher.
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