iFlub member asked a good question: joesph knec
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Posted On: 07/24/2017 9:06:30 AM
iFlub member asked a good question:
joesph knecht asked if ICNB's previous year financials have to be audited. mention of a buyout was in there as well.
first, buyout talk is ridiculous. it happens in EVERY board. if it happens, itll be shocking news to me.
second, i still dont want uplisting; for investors who have been here a while know, uplisting is great, youll get an initial spike, but then it locks out majority of investors who cant afford the new $1+ share price..causing it to fall. happens ALL the time.
third, ICNB could be their own worst enemy. true, they dont have to file with the SEC as they are alternative reporting, but the second they uplist and have $10 million in assets, theyll probably want to switch to SEC current status, which means theyll have to audit previous years anyway.
of course, its not required to file with the SEC, but it looks good if you do. i still havent bought back in although im planning on it. i just hope this isnt one of those things where the product gets sold but the stock gets the boot. if you were buying out ICNB, would you want to deal with an OTC stock or just the product/product name?
time will tell.
joesph knecht asked if ICNB's previous year financials have to be audited. mention of a buyout was in there as well.
first, buyout talk is ridiculous. it happens in EVERY board. if it happens, itll be shocking news to me.
second, i still dont want uplisting; for investors who have been here a while know, uplisting is great, youll get an initial spike, but then it locks out majority of investors who cant afford the new $1+ share price..causing it to fall. happens ALL the time.
third, ICNB could be their own worst enemy. true, they dont have to file with the SEC as they are alternative reporting, but the second they uplist and have $10 million in assets, theyll probably want to switch to SEC current status, which means theyll have to audit previous years anyway.
of course, its not required to file with the SEC, but it looks good if you do. i still havent bought back in although im planning on it. i just hope this isnt one of those things where the product gets sold but the stock gets the boot. if you were buying out ICNB, would you want to deal with an OTC stock or just the product/product name?
time will tell.
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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.
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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.
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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.
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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.
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