ICI Trainwreck? Geez... some of you folk are overly dramatic!...

ICI Trainwreck? Geez... some of you folk are overly dramatic!

ICI had an administrative oversight (by not lodging a cleansing prospectus in time). They'll get a tiny slap on the wrist -if anything at all!

Further, the 2nd crypto acquisition they wanted to make isn't proceeding in its current format due to it being too complex across too many jurisdictions.

Both of these points are extremely minor & to both I say "who really cares..."

ICI has been in halt for a cpl months trying to get 2 crypto deals across the line. The first was done & the 2nd has been abandoned.

Mr. Market still hasn't traded on ICI after the first crypto deal ...

So if you peeps want to call a company who will
recommence trading with a new crypto acquisition & a tiny admin oversight slap on the wrists a train wreck, then so be if... I would certainly think of other adjectives.

Back to FFG now... yesterday's low volume pull back was extremely healthy for a large move north today. Typically these parabolic moves occur in these 3-day patterns whereby day 1 is a large vol spike, day 2 is a low vol pull back & day 3 is another large volume spike (to a higher high).