I know you guys don't like stocks like this but T mobile will be announcing their expansion of roaming agreements (wireless hotspots) tommorow, including the addition of 39 new airports.
ICOA has been in a quite period for awhile and has a total of 24 or more airports and other areas of interest to T-mobile.
Hope there is good news, this stock may go up! or not!
http://wifinetnews.com/archives/005392.html
What do you guys think of this one. Not alot of volume but looks like there doing pretty good.
I bought some!
Going to use this for an experiment with American Bulls.
They have a pretty good track record with this one... not as well as they do with MBAH, but pretty good.
I think this stock is going to get alot of attention tommorrow. Volume is slightly up. Looks like it could take off tommorrow. I am in!
What do you guys think? Is ICOA ready for an uptrend? Its well below the 5/20 MACD and has an RSI of 33.85. This is the lowest price in 52 weeks but I'm worried about this...
Form 8-K for ICOA INC
5-Jun-2006
Regulation FD Disclosure, Other Events
ITEM 7.01 - REGULATION FD DISCLOSURE
On June 2, 2006, ICOA, Inc., a Nevada Corporation (the "Company") reached an agreement with Cornell Capital Partners, LP ("Cornell"), whereby Cornell agreed to extend the deadlines set forth in that certain Redemption Agreement executed by and between the Company and Cornell on April 27, 2006 (the "Agreement"), so that the Company has been granted an additional sixty (60) calendar days with which to fulfill the obligations set forth in the Agreement. During this sixty day period, Cornell may effect conversion under existing convertible debentures, which remain in full force and effect.
The terms of the Agreement can be viewed on the Form 8-K filed by the Company on April 28, 2006.
ITEM 8.01 - OTHER EVENTS
Please see the disclosure set forth under "Item 7.01 Regulation FD Disclosure," which is incorporated into this Item 8.01 by this reference.
They seem to have reduced their loss significantly though.
current accumulation going on. Decent finances. Upgrades to software.
Billing positive practices.. This one is worth a look.
cheers,
SJ
this is the WiFi company to watch... real assets... real revenues... New management
Kicked out the high paid flunkies...
http://biz.yahoo.com/iw/060706/0141807.html
now watch!
cheers,
SJ
It's going to MOVE!
up from $.0078 to $.0095
this one will shred the competition.... REAL ASSETS
WiFi contracts in large scale chains....
future is here,
cheers,
SJ
get in now... it's time for the PRs to start rolling... a little bird told me >:D
Range $.007 to $.0085 buy here!
Sell
$.025 to $.028.
within the next month.
cheers,
SJ
looking strong and long...
cheers,
SJ
In today at .0072 so up a little already.
Risky penny. Double bottom ;)
http://biz.yahoo.com/iw/060821/0155825.html
ICOA Reports 75% Rise in Quarterly Revenue, Improved Operating Results
Monday August 21, 10:59 am ET
WARWICK, RI--(MARKET WIRE)--Aug 21, 2006 -- ICOA, Inc. (OTC BB:ICOA.OB - News), a national provider of wireless broadband Internet networks and managed services in high-traffic public locations, today reported a 75% increase in revenues and a 95% reduction in net loss for the three months ended June 30, 2006.
ADVERTISEMENT
Revenues for the second fiscal quarter were $767,590, an increase of $328,841 from the $438,749 reported for the second quarter of 2005. The company reported a net loss of $91,102 for the latest quarter, compared to a net loss of $1,717,128 for the same period a year earlier.
The company noted that a large portion of the reduction in loss, $1,264,197, resulted from a "mark to market" adjustment of a derivative liability related to certain debentures. The Company determined that the conversion feature of these debentures represented an embedded derivative, and that the conversion feature must be accounted for as a derivative liability rather than as debt.
The operating loss for the latest quarter was $1,044,438, an improvement of $133,347 from the operating loss of $1,177,785 for the year-earlier quarter.
George Strouthopoulos, the Company's Chairman, President and Chief Executive Officer, said, "In the final days of the quarter we made key changes intended to restore ICOA's momentum, accelerate sales, focus on our higher-margin core areas of business, strengthen our balance sheet and, most importantly, ensure that we continue to earn the confidence and loyalty of our customers and strategic partners."
On June 26 Mr. Strouthopoulos, then Board Chairman, took the additional posts of President and Chief Executive Officer. The Board also named Erwin Vahlsing Jr. to the position of interim Chief Financial Officer.
Since the management change, ICOA has eliminated approximately $600,000 per year in recurring operating expenses and established an ongoing program aimed at reducing overhead. It has stabilized revenues, and begun an extensive program to increase margins. The Company has also raised $305,600 in equity and convertible debenture funding.
"Key to our long term growth and improving margins will be our continuing success in moving to a business model based on recurring service revenues, rather than one-time equipment sales and installation projects," Mr. Strouthopoulos said. "During the first six months of 2006, more than 84% of revenue was from recurring sources, compared to about 64% a year earlier."
ICOA is a provider of Wi-Fi or wireless broadband networks and services, primarily delivering Internet access to the customers of airports, hotels, chain restaurants, marinas, RV parks and other high-traffic, high-value locations. In many cases these venues offer the Wi-Fi service as a free or paid amenity.
In addition to handling the equipment, installation and configuration of these Wi-Fi networks, ICOA offers important back-end services to manage and secure these networks, handle customer support for the venue's customers, serve venue-specific advertising and other content, and optionally screen out offensive content.
"Offering Wi-Fi access is a powerful way to build customer traffic and loyalty," Mr. Strouthopoulos noted. "But a restaurateur or hotel manager doesn't want to configure a wireless network, or help a customer configure VoIP software. We provide the expertise, back-office technology and end-user support that makes Wi-Fi truly hassle-free for the venue," he said.
About ICOA, Inc.
ICOA, Inc. is a national provider of wireless and wired broadband Internet networks in high-traffic public locations. ICOA provides design, installation, operation, maintenance and management of Wi-Fi hot-spot and hot-zone Internet access. Based in Warwick, Rhode Island, ICOA owns or operates over 1,800 broadband access installations in high-traffic locations across 45 states, located in airports, quick-service restaurants, hotels and motels, travel plazas, marinas, universities, and municipal structures and locales. ICOA networks are compatible with widely-used 802.11x technology and with virtually all Internet service providers. Further information is at www.icoacorp.com.
This document contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, which are subject to a number of risks and uncertainties, many of which are outside ICOA's control. These include but not limited to the impact of competitors' products, services and pricing; product demand; market acceptance; new product development; reliance on key strategic alliances; the regulatory environment; fluctuations in operating results; and other risks which are detailed from time to time in the Company's filings with the Securities and Exchange Commission. ICOA disclaims any obligation to update or alter its forward-looking statements whether as a result of new information, subsequent events or otherwise.
Contact:
Press contact:
Alexander Auerbach
Auerbach & Co. Public Relations
800.871.2583
[email protected]
http://stockcharts.com/h-sc/ui?s=icoa
http://biz.yahoo.com/iw/060927/0166947.html
;D at .0045 breakout coming !!!!!!!!!!!!!!!
http://stockcharts.com/h-sc/ui?s=icoa
There are already 6 threads about ICOA, isn't that enough don't you think?!!! ??? :(
http://www.3stocksonfire.org/trading/index.php?topic=6535.0
http://www.3stocksonfire.org/trading/index.php?topic=6252.0
http://www.3stocksonfire.org/trading/index.php?topic=6895.0
http://www.3stocksonfire.org/trading/index.php?topic=6134.0
http://www.3stocksonfire.org/trading/index.php?topic=5942.0
http://www.3stocksonfire.org/trading/index.php?topic=1053.0
Please use the 'Search' before opening new threads! Tia.
k sorry should have looked..... :)
.0052 wow
more news today on ICOA.
They are building towards strength. This sub-penny could truly surprise next quarter.
http://biz.yahoo.com/iw/061206/0191958.html
and last quarter... improving revenues...
http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?dcn=0001172665-06-000450&Type=HTML
cheers,
SJ
"ICOA.OB" Threads have been Merged. "All 8 Threads ::) "
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders. ;D
All history on a stock pick in 1 thread is awesome. ;)
Thank You....and good luck with all your trades....make some $$$ 8)
The last time volume picked up this issue went from .0023 to .008 on rapid trading.
Now would be the time to build a position. financials are posted and are fairly consistent with a growing company in the WiFi set. (actually better than most and not being traded heavily unlike some like SLWF). This is an excellent entry point. IMHO
cheers,
SJ
ps. further up on the thread I was over eager and thought this would jump to .02... well that didn't happen as the traders got involved and dropped it to .002 instead.... ah well.
don't miss out on this next move up... it's starting now.
cheers,
SJ
never let it be said that I didn't warn you all....
up today 40%
cheers,
SJ
still time to get in before .008
STill playable... contracts coming in.
good luck.
SJ