Think this is on an uptrend again?
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Penny Stock Picking / ICOA
June 07, 2006, 05:45:40 PM
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.
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.
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