Well we sat through the "storm" between .25 and 3 cents. The last qtr brought a private placement at .25 and the SP jumped dramatically and they sank back to 2.7-3cents. Your thoughts on this happening will reveal whether your glass is half full or half empty. Mine is without a doubt half full because i once again interpreted this placement as an act of confidence by that investor, who after all would have to be pretty confident to make an investment of $200k Plus in a spec stock in the middle of the "Storm" Mind you i also believe that this investor probably unloaded a few at 2.9-3.0 cents, and you couldn't blame them with a 20% profit.
Also the ICP report posted on this site 20 Feb from a HC poster pointed out that there was a good chance this stock could go cash positive at the end of June with the new direct charging. They did marginally improve there cash burn at the end of March, and were criticized for it, which i thought was unjustified critisicm due to the fact that DC had only been in a month and all data i read regarding the introduction of DC overseas was an immediate reduction in usage and closer ATM selection, based on fee charging, and then a gradual increase back to consistent ATM usage over time, based once again on convenience. So i am hopeful, maybe even confident that we should be in the BLACK at end June.
Regarding a possible further placement which would melt down the value of all our holdings. Well if we go cash positive it won't be needed unless it is for a purchase that cemented positive income flow. Also another possibility is raising funds through the listing of the Korean operations which ICP hold a majority holding in. Although that won;t happen, i believe, for a while or on the back of some exceptional news.
This latest run up has been on very very thin volume. Was it staged? i don't think so, and if it was it has not achieved anything for the perpetrator, due to the tiny volume. No it's because no one wants to sell now. The end of the world did not happen and many of those that got out when the believed Armageddon was about to occur want back in and that has forced the price. It could be a leak but i doubt it. One,because volume and SP would have gone to 10- 15 cents if that were the case, and two, because it has not leaked in the past.(i don't believe so anyway)
What ICP need is the big boys beginning to take notice of the business and start to get on board which seems to be driving CUS at the moment
We all continue to wait. But remember, whatever the financial state of individuals or countries they all still use the ATM, and ICP manufactures and deploys them, so i will continue to stick with them. Good luck to all holders
STL Price at posting:
39.0¢ Sentiment: Hold Disclosure: Held
