the gain continued and ICOA added 25% to its price, while its volume hit over 447 million shares traded.There is no reasonable explanation on the recent high-trade and no one can predict how far the current uptrend will go.
Icoa hasn’t released any news on its business lately, except an update to its shareholders, regarding the company’s actions to address its reporting status. The announcement was released on Sep. 9 and according to it, Icoa’s management was “positioning the company to change its status on the Pink Sheets to “Pink Sheet Current Info” by submitting financial and corporate information in the next months.
Today, Icoa published additional information to its previous update, reporting the actions and negotiations related to the company’s future growth and financial condition. However, none of the planned steps has been implemented yet, so the actions concerning Icoa’s improvement remain just “in progress”.[BANNER]
ICOA is a national provider of wireless and wired broadband Internet networks in high-traffic public locations. Although the company announced it was going to update its website, it still has no information on Icoa’s recent activities. In fact, its last press releases, as well as its financial reports, date back to October 2006.
So, what exactly the company has been up to over the years? Looks like presently it’s been only re-writing its updates, adding some unconfirmed information on its plans for the future. While, in the meantime, provoking the investors’ interest in the stock.
In one of the company’s updates, it was mentioned that Icoa had a legacy debt of $2 million, though it was reducing it. However, before reporting its real financials, no one can be certain on the future of the stock.
