GREY:ICOTF - Post by User
Post by
Gamestorm7on Oct 04, 2018 10:50am
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Post# 28744400
Standing Ground
Standing GroundI am with you ForexWhale. My exit strategy is set for around $1. I am willing to wait for that day to come and have done my DD which suggests it will. Yes it is frustrating waiting for funding news; but at the same time, all good deals take time.
Personally, I don't forsee the company doing a PP at the current stock price or lower. If a PP is initiated, I believe Andrew will release news and information which will drive the stock higher before any PP is announced. In view of the positive Phase 1 results, full data analysis on it's way and potential material payment from IMNP in the next three months I believe iCo is setup to obtain funding without a PP. Depending how long you have been invested in iCo or how much DD you have done, one knows the company has been in talks with various Pharma companies discussing possible partnership or JV deals for Oral Amp B in an attempt to provide shareholders value and avoid major dillution in past years. With such positive Phase I results, I believe iCo will obtain a partner or JV deal to fund Oral Amp B through Phase II and Phase III. Any prospective partner or JV participant was likely wanting Phase I complete before stepping up to the plate.
All of this, is my personal opinion. I will be standing my ground here as well and will not be tricked into selling my shares by the manipulators. Good luck everyone!