I sold shares in this company when the SP was at $1.02 a luckily took the profit. Since then I have bought back in at $0.42 and $0.30 and just continued to watch the loss grow with the hope it would turn around. You could expect that it takes around 3-5 yrs for a company to become profitable. In ICQ's case, this seems as far from the truth as anything as they just cannot reign in their operating expenses. Another CR on the cards probably means a further drop in the SP depending on what they intend to use the money for. If it's more marketing I think I'll just ditch it as a bad buy and cop the loss, or I might just park it and forget about it. Maybe in 10 years time, I'll be pleasantly surprised. Alternatively, I'll just wait until it gets bought out or goes into administration. Seriously it seems a case of bad management.
I sold shares in this company when the SP was at $1.02 a luckily...
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