Disillusioned

Pumped some reasonable coin here in 2013 when ICON looked like a great small cap with a bright future and market cap of $86M.
Now in 2017 current assets down to $15M, cash around $9M.
Got to be happy with the $3630 cash receipts this year from customers, although the cash payments to suppliers and employees of $4.3M seems a lot for such a meager return.
I assume (and hope) the $4.3M includes directors fees.

I am down (as most here I suspect) a decent sum of money with ICN.
Small cap explorers are a gamble but generally admin costs drop if the entity is not producing revenue.

If an entity does not have income it has to watch how it spends its reserves and adjust the outgoings to suit. Maybe directors fees need to be the first ICN cost saving item to be addressed?

Seems a lot of Aussie companies at the moment cant do simple maths and rely on small battlers or "sophisticated investors" to shore them up!

All IMO of course!

Cheers to all ICN holders,
Pos1.