Great question..
Why is it I have the ability to predict the near-term future:
Naysayers will say:
"ICNB is dead!!! STOP SIGN!! COMPANY FAILED!!!"
"STOP SIGN!! ALL IS LOST! THIS TURD IS GOING TO ZERO!"
(..for some reason naysayers love talking about turds)
and..
"ICNB has gone DARK!" I guarantee someone will say that.
First off, most investors dont even know what the stop sign means. They look at it, they get freaked out, because its a red octagon shape, and they sell. They see the term "Common Stock Dark or Defunct" and again, they freak out and sell.
I know of a number of stocks with a stop sign trading much higher than ICNB. All of this information is freely available to everyone at OTCMarkets.com.
its also important, and i stress this point, to realize that many stocks with NO stop sign are worse off than stocks WITH stop signs. Try to invest in LOGG and see how well you do. No stop sign... but you wont make money any time soon.
Second .. wasnt it obvious this was going to happen?
The company is just starting to get things rolling. Any basic investor can go to the SEC website and see they are waiting for the filings. Remember, this is nothing new. We all know and are looking forward to the filings and PRs .
The problem is that many investors or should i call them "Investors" (with quotes), are NOT investors. They are 'hopefulls'. They throw money into a stock, hope for the best, and when something like this comes up, they completely freak out and sell. Of course, they ignore simple basic concepts that the stop sign can easily be removed.
My opinion..
Its absurd to think ICNB's management, lawyers, and accountants are unaware of this. Trust me, they know! They knew this was going to happen LONG before today! They didnt just recieve a letter in the mail saying, "YOURE A STOP SIGN!". They arent scratching their heads right now thinking, "We're a stop sign!??? How did this happen??"
Im not worried about it at all because there is nothing to be worried about. A stock which is REDUCING the number of shares is not a worry. This stop sign is a formality until they get the filing out.
I look forward to the dramatic posts today on the other board from the naysayers. I do not feel bad for investors who sell based on the stop sign.
An uninformed investor is a broke investor.
And to make this post slightly longer and more boring, its imperative for the honest investor to realize and fully understand that a STOP SIGN is NOT 'Caveat Emptor' aka skull and crossbones.
More than likely ICNB has a temporary stop sign, not because they are unwilling to provide disclosure to the public markets but because they are currently unable to provide disclosure to the public markets until they get those disclosures finalized. A math teacher cant hand out the tests until they are graded. We can whine and complain all we want, but he simply can NOT hand them out until they are graded.
FYI... im not going to defend ICNB is naysayers come to this board. Its a waste of time. I know my investment. Naysayers know what they say are lies.
Read my post on naysayers here:
http://investorshangout.com/post/view?id=4266636
Not investment advice
Why is it I have the ability to predict the near-term future:
Naysayers will say:
"ICNB is dead!!! STOP SIGN!! COMPANY FAILED!!!"
"STOP SIGN!! ALL IS LOST! THIS TURD IS GOING TO ZERO!"
(..for some reason naysayers love talking about turds)
and..
"ICNB has gone DARK!" I guarantee someone will say that.
First off, most investors dont even know what the stop sign means. They look at it, they get freaked out, because its a red octagon shape, and they sell. They see the term "Common Stock Dark or Defunct" and again, they freak out and sell.
I know of a number of stocks with a stop sign trading much higher than ICNB. All of this information is freely available to everyone at OTCMarkets.com.
its also important, and i stress this point, to realize that many stocks with NO stop sign are worse off than stocks WITH stop signs. Try to invest in LOGG and see how well you do. No stop sign... but you wont make money any time soon.
Second .. wasnt it obvious this was going to happen?
The company is just starting to get things rolling. Any basic investor can go to the SEC website and see they are waiting for the filings. Remember, this is nothing new. We all know and are looking forward to the filings and PRs .
The problem is that many investors or should i call them "Investors" (with quotes), are NOT investors. They are 'hopefulls'. They throw money into a stock, hope for the best, and when something like this comes up, they completely freak out and sell. Of course, they ignore simple basic concepts that the stop sign can easily be removed.
My opinion..
Its absurd to think ICNB's management, lawyers, and accountants are unaware of this. Trust me, they know! They knew this was going to happen LONG before today! They didnt just recieve a letter in the mail saying, "YOURE A STOP SIGN!". They arent scratching their heads right now thinking, "We're a stop sign!??? How did this happen??"
Im not worried about it at all because there is nothing to be worried about. A stock which is REDUCING the number of shares is not a worry. This stop sign is a formality until they get the filing out.
I look forward to the dramatic posts today on the other board from the naysayers. I do not feel bad for investors who sell based on the stop sign.
An uninformed investor is a broke investor.
And to make this post slightly longer and more boring, its imperative for the honest investor to realize and fully understand that a STOP SIGN is NOT 'Caveat Emptor' aka skull and crossbones.
More than likely ICNB has a temporary stop sign, not because they are unwilling to provide disclosure to the public markets but because they are currently unable to provide disclosure to the public markets until they get those disclosures finalized. A math teacher cant hand out the tests until they are graded. We can whine and complain all we want, but he simply can NOT hand them out until they are graded.
FYI... im not going to defend ICNB is naysayers come to this board. Its a waste of time. I know my investment. Naysayers know what they say are lies.
Read my post on naysayers here:
http://investorshangout.com/post/view?id=4266636
Not investment advice
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ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are OPINION and NOT fact and are for entertainment purposes only. Do your own research and make your own decisions based on your own conclusions.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are NOT advice, and are NOT designed to substitute the expertise and judgment of a professional. It is your responsibility to seek investment advice during all stages of your investments. It is your responsibility to evaluate the accuracy, completeness and usefulness of the information in the above post.
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There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
http://investorshangout.com/Joeys-Investment-Board-91611/
Invite Only
There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
Disclaimer:
As used herein, the terms "You" and "Your" shall mean you, individually, the reader, and each other party on whose behalf you may use the contained information at any time.
All references to "My", "I", and “The writer of the above post” shall refer to the creator of the username Joey68.
Do NOT invest unless you are prepared to sustain a total loss of the money you have invested plus any commission or other transaction charges.
There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. I assume no responsibility for your trading and investment results. You should NOT rely on the information in the above post to make any decision or take any action.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are OPINION and NOT fact and are for entertainment purposes only. Do your own research and make your own decisions based on your own conclusions.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are NOT advice, and are NOT designed to substitute the expertise and judgment of a professional. It is your responsibility to seek investment advice during all stages of your investments. It is your responsibility to evaluate the accuracy, completeness and usefulness of the information in the above post.
I am NOT a professional.
I do NOT work for you.
My posts are NOT investment advice. I am not paid to post.
There is no correlation between the number of posts I write per day and your assumed success of a company.
It is NOT my responsibility to inform you of my own personal investment decisions.
It is NOT my responsibility to inform you when it is time for you to buy, hold, and/or sell a position.
I have no control over, and am not responsible for the actions of others who copy, store, edit, change, prepare any derivative work of or alter in any way any of the content provided in my posts.
Errors and Omissions expected. The writer of the above post accepts no liability or responsibility for any errors or omissions contained in the above post or contained within this Disclaimer.
The writer of the above post shall NOT accept any liability for the accuracy or completeness of the information contained in the above post, for any reliance placed by any person on the information contained in the above post, or for any damage or loss, however caused, in connection with the use or reliance on any information contained in the above post.
The above post may contain links to websites owned and operated by third parties. These links are provided for informational purposes only and are NOT endorsed by the writer of the above post. The writer of the above post has no control over the contents of any linked website and bears no responsibility for the accuracy, legality, or content of the external site or for that of subsequent links.
YOU ACCESS ALL LINKS ENTIRELY AT YOUR OWN RISK.
The writer of the above post makes no warranties or representations, express or implied about such linked websites, the third parties they are owned and operated by, or the information contained on these websites.
The writer of the above post accepts no liability for any damage or loss, however caused, in connection with the use of or reliance on any information, material, products, or services contained on or accessed through any such linked websites.
There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
