quote:Originally posted by Nile: Kevin, Scroll up to see my post of my conversation with Doug. It's not good news and he used the word "directly" again. Sorry,
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Good Morning Everyone. A thought occurred to me this morning, what if the reason for PRs reporting income from the switch were delayed until January, because ICMH needed to show loss on their books this year? For tax purposes? And they structured somehow that income from the switch wont show up till JAN? Thats why Doug mention he'll release website "directly" but PRs showing income not until next year. What you guys think? Is this just my way of looking at the situation with "glass half full" out look?
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If he has a big loss, he would want to put in on the book so that he could write off a portion of it in the future years.
And, if he received revenue payment in January, he could recognize the revenue in Jan too. Thus flipping the books in the right direction AND being able to write off much of the 2005 losses.
-------------------- You can't afford to risk, what you can't afford to loose.
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Deficit spending is simply a scheme for the ‘hidden’ confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights.
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quote:Originally posted by Nile: “Not till at least the first of January.”
Oh god. When this CEO says "news tomorrow" he usually means "news in a month or two." When he says "News next month" it's usually meant news a few motnhs later. When he says "big contract news" it means some murky PR correcting a past PR in a somewhat not-so-good way. So I can only imagine that him saying that the we'll not see news until, at best, at least the first of January,” I start puking all over the corporate office furniture.
Not even a fluff rah-rah cheerleader pep-talk PR before the end of the year after all this pain and suffering of watching the stock plummet to the bottom and barely bounce back a few ticks over the past couple of months?
The apparent lack of dilution is the only thing keeping me from dumping my stock in ICMH. Other thatn that I feel like we're gettign kicked around.
But alright. January it is. I suppose I'll hold on and see what happens. Having lost so much on this stock, it can't hurt to follow it a little longer.
December has been a surprising lackluster month for most of these pennies.... I really thought a low of these I'd been watching were going to fly after being dragged down by the rather negative late summer and early fall.
And now that people are selling off so they can mark their losses down on their Year 2005 taxes (and to get cash for Christmas presents and vacations), we'll probably only see much, much lower numbers as we approach the last days of the year. On a positive note, between then and now will could be the days when we can scoop up some great discounts on stocks... If early 2006 is strong and everytihng bounces back, we could make some quick cash.
But If ICMH keeps dropping while we wait... I wonder if it's not better to sell now and then buy back in in a few days when it drops back to .0004 or even .0002. If we KNOW that we won't see a PR before 2006, then that also means we won't see a PR about a buyback before then or PR about a contract or a PR about a new website, so there's no reason to think that this won't drop pretty low a few times in the next couple of weeks.... But even though selling now and then buying in a few ticks lower is the logical move, I hate doing that with a stock that I feel could triple in value with just one good PR that could happen sooner than expected, especailly after holding for so long and being down so much on this one stock ...
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Yea I'm out, not gonna hold this any longer, just gonna write this one up as a loss. Should I see a run or some good news pop out I may jump back in but I'm not gonna hold long on this company's reputation to date. GLTA you guys still holding, wish you the best and have a Merry Christmas.
-------------------- Fred [IMG]http://renegade.iconlabs.net/images/tek.gif[/IMG]
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I am happy to see that there is good volume and the pps is staying put. I think that this stock still has a lot of juice left in it. Doug just needs a little help squeezing it out
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I wonder if it's not better to sell now and then buy back in in a few days when it drops back to .0004 or even .0002. If we KNOW that we won't see a PR before 2006, then that also means we won't see a PR about a buyback before then or PR about a contract or a PR about a new website, so there's no reason to think that this won't drop pretty low a few times in the next couple of weeks.... But even though selling now and then buying in a few ticks lower is the logical move, I hate doing that with a stock that I feel could triple in value with just one good PR that could happen sooner than expected, especailly after holding for so long and being down so much on this one stock ... ![[Mad]](mad.gif)
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