This is an email response that someone in another
Post# of 427
Response to an extremely detailed email I sent them asking about what the massive dilution was specifically being used for and what their specific plans for the debt were.
Short answer: wait for the financials.
Hello and thank you for contacting us. As you might have seen, we made a public announcement yesterday. We will continue to update the shareholder community as we have information to disseminate.
We are working very hard on creating a successful, healthy company, which is why management are long term holders of the stock and also defer their salaries. We are constantly trying to position the company to meet our existing contract obligations, restructure debt and provide the necessary capital for acquisitions.
We will be releasing our 2016 year end financials in the coming days and hopefully they will provide the answers you are looking for.
We sincerely appreciate your support!
Sincerely,
Investor Relations
Icon Media Holdings, Inc.
Forward-Looking Statements & Disclaimers:
The information in this Press Release includes certain "forward-looking" statements within the meaning of the Safe Harbor provisions of Federal Securities Laws, as that term is defined in section 27a of the United States Securities Act of 1933, as amended, and section 21e of the United States Securities Exchange Act of 1934, as amended. Statements in this document, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this release, and the Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events, or circumstances after the date of this release except as required by law.