Intercontinental Gold and Metals Ltd V.ICAU.H

Company will file annual financials later.

[BayWall]

The Company has been unable to complete the required filings due to lack of response from certain suppliers, banks and individuals in Bolivia in supplying the requisite confirmation letters to the auditors of the Company. As a result of these delays, the Company requires additional time to procure the necessary documentation to complete the Financial Statements, MD&A and audit. The Company anticipates that it will resolve the issue and file the Financial Statements and MD&A on or prior to September 2, 2018.

[BayWall]

Lack of response, even from banks. The uncertainty is driving the stock down. Albeit thinly traded. 103K bid at 30 cents. I believe the company will have to provide an update on the matter with biweekly news releases.

[Luxluminae]

I think the nuances of capturing accounts in the Dore business chain of transactions probably challenges local accounants in Bolvia, esp as it relates to meeting TSX GAP standards. I do not know who does the accounting for the firm. But, maybe it is the case that an Ernest and Young or some equivlent may have to step in. Once all this gets sorted out and they establish a template going forward

[Luxluminae]

at sometime hopefully in the near future, even shareholders will participate in the growth of the gold trading buinsess. This lat quarter is likely to be gangbusters. Revenues likely to be annualizing at $200 mm and turnover increasing. Maybe after the management bonuses and large payouts, evfen shareholders can see some gains. 

[thenightstocker]

Apparently management was more interested in either beating down the stock price so they could issue options at 13 pennies or issuing same beating down the stock price, disgraceful management, penny stock scam. I have not followed in quite some time, sold out the shares I had from the Geodex mess. Maybe a buying opportunity but history makes me dubious.