Icon Media Holdings, Inc. (PINK:ICNM) is a company primarily engaged in e-commerce. It’s stock is not very liquid, but someone is trying to get more attention through promotions.
Yesterday, ICNM closed up 11.11% at $0.07 on 100 thousand shares.
While trading activity isn’t very consistent, ICNM seems to be volatile, and it’s not easy to guess what promotions could do for ICNM.[BANNER]
A promotional newsletter disclosed a $15 thousand compensation. It was sent out after yesterday’s close, so the effect should be apparent today. In addition to that, ICNM’s iHub message board is flooded by compensated awareness posts.
Two days ago, the company published its quarterly report. It shows some revenue growth and a small net income for ICNM. It is far from enough to make them a significant player or a solid investment, but it is a positive development.
On the other hand, the recent acquisition of IFX Financial and the other expenses have driven up the number of issued and outstanding shares to almost double in Q3.
The promoter mentions that “ICNM has been in the e-commerce for more than a decade now.” While this may show perseverance, it also shows they haven’t managed to get too far in more than ten years. It will be interesting to see if the promotional efforts will be enough to positively affect the price of ICNM.
