{"id":3810,"date":"2014-02-05T15:14:33","date_gmt":"2014-02-05T15:14:33","guid":{"rendered":"\/?p=3810"},"modified":"2014-02-05T15:14:37","modified_gmt":"2014-02-05T15:14:37","slug":"imd-companies-inc-otcmktsicbu-pumps-and-hype-finally-yield-results","status":"publish","type":"post","link":"\/articles\/imd-companies-inc-otcmktsicbu-pumps-and-hype-finally-yield-results\/","title":{"rendered":"IMD Companies, Inc. (OTCMKTS:ICBU) Pumps and Hype Finally Yield Results"},"content":{"rendered":"<p> <img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/ICBU_chart.png\" border=\"0\" alt=\"ICBU_chart.png\" title=\"ICBU_chart.png\" width=\"450\" height=\"201\" \/>After an uphill struggle that stretched through most of January, yesterday IMD Companies, Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ICBU\">ICBU<\/a>) finally exploded. The slow volume accumulation and choppy upward movement escalated in a full-blown frenzy and <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ICBU\">ICBU<\/a> closed the day 166% up on unprecedented volume. <\/p>\n<p>Obviously, &#8216;marijuana&#8217; is the word of the new year, as <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ICBU\">ICBU<\/a> decided to join the ever-growing ranks of pot stocks. The company announced its intentions to make a move in the sector back in late December. Come January, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ICBU\">ICBU<\/a> started pelting its previously quiet PR feed with acquisition news. The pump emails followed suit.<\/p>\n<p>Starting on January 9, which was also the day of the first pot-sector acquisition news from <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ICBU\">ICBU<\/a>, nearly 30 pump emails targeting <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ICBU\">ICBU<\/a> have been sent to date. The first few touts were free but were followed by paid pumps from Stock Freak and Stock Publisher with at least two separate paying parties.<\/p>\n<p>The combination of tout emails and news focusing on marijuana had an immediate effect on <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ICBU\">ICBU<\/a> stock, kicking it into heavy trading. <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ICBU\">ICBU<\/a> went from days with zero daily share volume in December to millions of shares traded per day.<\/p>\n<p>What do the books say about <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ICBU\">ICBU<\/a>? Not a lot that could rouse such wild enthusiasm. The last published report of the company covers the quarter ended September 2013 and contains the following:<\/p>\n<ul>\n<li>$2.2 thousand in cash<\/li>\n<li>$91 thousand in quarterly revenues<\/li>\n<li>$233 in quarterly net loss<\/li>\n<\/ul>\n<p><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ICBU\">ICBU<\/a> acquired 51% interest in an enterprise producing a hydroponic environmental controller against 100 million common shares. Even though the shares issued are restricted according to the press release, they still constitute significant dilution of <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ICBU\">ICBU<\/a>&#8216;s OS count of 161 million shares as of September 2013.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: left;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/ICBU_logo.png\" border=\"0\" alt=\"ICBU_logo.png\" title=\"ICBU_logo.png\" width=\"130\" height=\"24\" \/><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ICBU\">ICBU<\/a>&#8216;s latest press release concerns a planned acquisition of a company that generates over $2.2 million in annual revenues, if the announcement is anything to go by. Even though the acquisition is still at a &#8216;letter of intent&#8217; level, the PR never explains how <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ICBU\">ICBU<\/a> intends to pay for it.<\/p>\n<p>Marijuana is still a high-risk investment considering how volatile the sector is at the moment. Factoring in that <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ICBU\">ICBU<\/a> is a newcomer to the industry and that it has been targeted by tout emails, investors should do well to perform their own due diligence and tread carefully.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After an uphill struggle that stretched through most of January, yesterday IMD Companies, Inc. (OTCMKTS:ICBU) finally exploded. The slow volume accumulation and choppy upward movement escalated in a full-blown frenzy and ICBU closed the&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1239],"class_list":["post-3810","post","type-post","status-publish","format-standard","hentry","category-news","tag-icbu"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/3810","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=3810"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/3810\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=3810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=3810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=3810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}