{"id":4573,"date":"2014-05-15T13:11:19","date_gmt":"2014-05-15T13:11:19","guid":{"rendered":"\/?p=4573"},"modified":"2014-05-15T13:11:21","modified_gmt":"2014-05-15T13:11:21","slug":"integrated-cannabis-solutions-inc-otcmktsigpk-no-bottom-to-be-seen","status":"publish","type":"post","link":"\/articles\/integrated-cannabis-solutions-inc-otcmktsigpk-no-bottom-to-be-seen\/","title":{"rendered":"Integrated Cannabis Solutions, Inc. (OTCMKTS:IGPK): No Bottom To Be Seen"},"content":{"rendered":"

Integrated Cannabis Solutions, Inc. (OTCMKTS:IGPK<\/a>) keeps killing money, with six solid days of rapid selling and deep price cuts. The ticker ended Wednesday at $0.10 after a loss of more than 33%, as selling continued to accelerate to more than 4 million shares, or $615,000. IGPK<\/a> is the rare ticker that crashed in the classic way, right after a pump. Not even its qualities as a newly arrived marijuana company could make the bad mood go away. \"IGPK0515.png\" <\/p>\n

The total loss in the past trading week or so expanded to about 80% compared to the peak prices. IGPK<\/a> was only bought by investors because of the email campaign, with almost zero volumes in the months before that. And IGPK<\/a> itself is shameless: one of the PR moves to acquire a compliance and legalization company fell through. The most recent corporate update shows that IGPK<\/a> decided to terminate the transaction to acquire iComply, LLC.\"LATF0515.png\"<\/p>\n

In fact, the buyout was structured so that IGPK<\/a> could become the vehicle for the private company and give it access to the OTC trading. Unfortunately, the ticker is tainted with the recent crash, leaving iComply to seek greener pastures. Still, the announcement served to give some legitimacy to IGPK<\/a> as a business that would service the legal cannabis industry with consulting.<\/p>\n

Of course, IGPK<\/a> itself lacked the funds for a buyout, despite the market cap of above $61 million. The financial situation is more eloquent:<\/p>\n