"ICP has wheels" Well thats an understatement if i have ever heard one. "Wheels" it has, problem is it doesn't have any BRAKES, and the TRACK has been downhill for sometime. Even the encouraging set of numbers in the Prelim failed to bring a HALT to the slide. What we have to have now is a 40cent PLATFORM funded by our major shareholders,plus directors buying. There is an awfull lot of shares waiting to be unloaded between here and 50c by all those "placement investors" who want to DISEMBARK from this ride!! JM has now just 8 weeks to place those 10mill shares with more "placement investors" in order to make his "opportunistic" purchase. (which i feel sure he had pinpointed prior to gaining approval) But at what price? not 40c! So he needs to get the SP back to 50c. What sort of deal is being hatched to make that happen? What about listing the Korean Manufacturer?
All this at a time when the market is trying to work out which direction it is in.
All my opinion of course. DYOR
STL Price at posting:
39.0¢ Sentiment: Hold Disclosure: Held