I think all the posters agree that Icon with Mt Carbine is a totally different company than it was 12 Mths ago. The “Back of the Envelope” is suggesting between $0.35 to $1.00 Average $0.675. I assume buy now that “Several” companies have carried out due diligence and have established Icons value & $$$$$$ potential. Icon only has 66Mil shares on issue and I would feel that the Icon director’s relationship with the controlling shareholders gives them control. Stocks with low liquidity often means that the true value of the company is not expressed in the share price and as we can see buy the turnover shareholders are HOLDING and one could argue any sales are due to “Year end Tax Losses” or Frustration. Of the 128K traded yesterday 100K looked like a “Tax Loss Trade”. I am confident that the Directors negotiations are continuing and event thow it is very frustrating I am confident the outcome will be the best for Icon. The “Art of selling is not having to sell. The are of buying is not having to buy” I would love to be a “Fly on the wall” but we all have our price mine is Lighten over $0.50. Please do your own research.
III Price at posting:
7.7¢ Sentiment: Buy Disclosure: Held
