ICON-T Believe Anybody Would Consider Investing In This Media
also: XCLL, NSRS
also: XCLL, NSRS
Best Top Penny Stock's new "3 cent beast", Icon Media Holdings (ICNM), was a 7.5 cent "beast", the last time it underwent a Pump & Dump campaign, back in November. Those who jumped in quickly became bag holders and started enjoying 75% losses within days. The big concern with the last promotion is that it created very little liquidity in the stock and we would be concerned that the same will hold this time.
ICNM is one of those rare pink sheet companies that makes a profit and believe it or not, therein lies the stock's downfall. In the last quarter, the company reported profits of $40K on income of $564K. There is no conjecture here. There is no speculation of "what may be". This company is what it is. A low income poster shop. From their own press releases,
"Icon Media Holdings, Inc. is a diversified global e-commerce company. The Company currently owns and/or operates e-commerce websites, including www.moviegoods.com, www.puntdogposters.com, and sells globally on storefronts such as Amazon and eBay, among others."These guys sell movie posters people and there just isn't any sizzle here. Certainly not enough to justify its current $3 million market cap, which the touts hope to value even higher. Bag holder beware.
Popular, Fox News contributor (if you don't believe me, just ask him) and stock promoter,Tobin Smith is now pushing shares of Xcellmobility (XCLL), with the ridiculous statement, "A Company With A New One-Of-A-Kind Product That I Believe Is One Of The Best Opportunities In The Market Today". The last time Smith made such a strong statement was with respect to disastrous Pump & Dump subject, Velatel Global Communications (VELA).
XCLL doesn't even offer the promise that VELA does, which is none. Whereas VELA actually runs a business with revenues, albeit at tremendous losses, XCLL has no revenues to speak of. The company's $700K in cash is offset by its million bucks in debt. We'd have to see a lot more from this $60 million company, before we took Tobin Smith's word for it.
For those of you who are criticizing our warnings about North Springs Resources (NSRS) and are oblivious to the fact that this is a fraud of the highest nature, please be aware that the OTC Markets has now a applied "Caveat Emptor" warning to the stock, which it does, "When there is a public interest concern associated with the company, which may include a spam campaign, questionable stock promotion, known investigation of fraudulent activity committed by the company or insiders, regulatory suspensions, or disruptive corporate actions.". In case you're from Venus and haven't seen our past alerts and advisories on NSRS, you can retrieve the more poignant ones by clicking here, here and here.
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