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Microcap & Penny Stocks : IDCN - gold, garnet, etc. -- Ignore unavailable to you. Want to Upgrade?


To: Gordon Gekko who wrote (2510)9/12/1998 10:49:00 PM
From: VBroady  Read Replies (2) | Respond to of 5908
 
WHY WOULD I BUY IDCN AT .01, .02 ??, when I think it's a "turkey?"

I'll "consider" buying any shares of any company ........ last post stated I would probably pass on IDCN average down, lick my wounds and go on to better prospects. I can admit that I probably gravely miscalculated the risk/rewards of this stock.

And yes, you are right and I was wrong when I answered for Jeff, he can answer for himself. I do believe that Jeff is being straight with you guys, just like SS, and deserves a listen.

Right now I think everyone, including you, is shooting straight -- with honest opinions and comments.

Gordon (nice name, great movie - Bud Fox found out that too good to be true / easy money doesn't pan out - no "sure things"): My chat room name is MrGGecko -- so SPAM goes there ...

I don't "hate" IDCN or harbor ill-will for the company -- it seems like every micro-cap I've come across this year "plays games" when they BELIEVE their stockholders are naive or over-eager. The trick is to "figure what their game is" - early on as possible.

If I bought some at .01 - .02 -- I would just be playing along with the true controllers of this "situation," does not include anyone on this message board, including you or myself. Averaging down (possibly, not for sure) to jump off this turkey. .04=.05 is where this stock will sit most of the time, even though it will have its "moments."

The argument that IDCN did not /has not purchased any shares, even at .04 stated by SS and refered to by yourself >>> THAT THEY ARE SPENDING THEIR $$ ON EXPLORATION/TESTING, ETC. >>> does not hold water.

They have sufficient funds for BOTH. I still believe the plan is to buy at lower share price, SOON, significantly lower -- passing on .04 was not a mistake or miscalculation on IDCN's part.

Some investors have the attitude "why wait" - buy more now at .05-.06; no way, no thanks!! Others believe that this stock should be some pie in the sky $2/share stock -- this is delusional.

I hate to bring up DROOY again (not pushing DROOY - really!! - don't/haven't ever owned it), but here is a company with TWO BILLION DOLLARS of mining equipment, a history, lots of wealthy investor backing, great potential, etc. at $2. At $2!!!!!

So, how would anyone think ICDN is "so undervalued" -- this should really be a $1-$2 stock if not a $5-$10 stock. Buy a lottery ticket - chances would be better.

Two guys with a map and a few sticks of dynamite doesn't equal a $2 stock. "Couldn't do all blasting because hunters in the area" -- oh, please!! Bambi/hunters are not around for miles w/ markers, noise, siren-markers, etc.

A little stall before "letting out the DISAPPOINTING news" -- expect this within two weeks. Remember - watch the WORDING very, very closely ... the news itself will be presented as disappointing, then later, the news will be "updated" after the buy-back.

This is all just my opinion of what is happening and what will happen .. use it or trash it... either way, you won't effect the stock price or my direction.

Only IDCN will control this stock price, and manipulate it to their advantage - remember, per SS, many more people are buying than selling, but $ is in the dumpster.

Step back and pretend YOU HAVE NO MONEY IN IDCN - would you still be so hot on this stock ... NO. You'd be saying "thank God I didn't buy into that hype," --- would have lost 50%+ on my money by now.

My past posts are just my true opinions and ideas on how we can recover/possibly gain on this turkey, hanging on with a blindfold to any negative arguments is foolish.

You are a stockholder of XX number of shares of IDCN, but the faith, trust and support you give will not be rewarded -- remember, no one at IDCN cared what you had to say in regards to the "buy-out" and they won't care about you in other decisions; we are a nuisance to them.

IMHO DD ESPN BYOB