A Las Vegas-based telecom company announced that the company was able to settle and write off $1.76 million in convertible debt. The reason this particular stock is bid up this morning could be due to a combination of today’s bullish headline as well as the strong performance Icoa Inc. (OTCPK:ICOA) displayed during Tuesday’s session.
Icoa is a United States based provider of wireless and wired broadband internet networks in high-traffic public locations. It provides design, installation, operation, maintenance and management of Wi-Fi hot-spot and hot-zone internet access. The company has a suite of services and solutions, providing for requirements from airports, marinas, restaurants, and other such high-traffic public locations.
Traders are bullish on the news as shares are bid up during pre-market activity at $0.109/share (+7.92% implied open for sellers). This move is a strong continuation of the performance seen yesterday as shares went on to close up at $0.0101/share (+38.36%).
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