reverse splits happen all the time in the OTC. I dont see why ICNB would do one for the following reason:
1. ICNB reduced their share count not by utilizing a RS, but rather by reducing their number of shares by 500 million
I have never been in a stock where they reduced the number of shares, only to do a reverse split. it makes no tactical sense
Could they do a RS? sure they could anything is possible. but with all the news coming out, i would assume a RS would occur PRIOR to everything which has already occured.
Most importantly, the PR stated 'an initial reduction of..' shares. This leads me to believe there may be yet another one in the future, which would allow us to go well beyond .10 cents.
Remember, this is the OTC. i say it all the time; there are stocks out there with a share price of .30 cents and they have NO product.
1. ICNB reduced their share count not by utilizing a RS, but rather by reducing their number of shares by 500 million
I have never been in a stock where they reduced the number of shares, only to do a reverse split. it makes no tactical sense
Could they do a RS? sure they could anything is possible. but with all the news coming out, i would assume a RS would occur PRIOR to everything which has already occured.
Most importantly, the PR stated 'an initial reduction of..' shares. This leads me to believe there may be yet another one in the future, which would allow us to go well beyond .10 cents.
Remember, this is the OTC. i say it all the time; there are stocks out there with a share price of .30 cents and they have NO product.
1
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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.
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