Ann: Half Yearly Report and Accounts-ICQ.AX, page-2

The half year report says clearly a capital raising is coming (read below). Why didn't they do it before the sell off to achieve a price of $50c?. They say they will do it before year end. Are they waiting for the share price to tank to 20c? ... This smells, it has been a calculated set up allowed by management to bring the share price down for someone's benefit. Shorters here they come.


"Notwithstanding this, the Group believes that there are reasonable grounds that the Group will be able to pay its debts as, and when, they fall due, and that the basis of preparation of the consolidated financial statements on a going concern basis is appropriate, considering that:
 It has a letter of support from a shareholder for an amount of $7,000,000;
 The Board are reviewing its capital options with a view to raising funds before the end of the year."