Monday, February 25, 2019

IGCC -- WOW!

   IGCC (soon to go back to IGC) soared to close up 402% on Friday.
Closed at $.38 on Thursday closed at $1.91 on Friday. 
That second part was correct at the time they were delisted.
   They are going back to the NYSE on Tuesday, according to the announcement Thursday night.
   They left because they got delisted.
[IGCC] SUBSTANTIALLY DISCONTINUED THE BUSINESS THAT IT CONDUCTED AT THE TIME IT WAS LISTED OR ADMITTED TO TRADING, AND HAS BECOME ENGAGED IN VENTURES OR PROMOTIONS WHICH HAVE NOT DEVELOPED TO A COMMERCIAL STAGE OR THE SUCCESS OF WHICH IS PROBLEMATIC. 
   That second part BOLD was correct at the time they were delisted. 
The farm bill getting signed legalizing hemp production in the whole U.S. of A. changed that "the success of which is problematic" It means hemp can be grown. 
   That's why the stock is soaring. Seems like they've been working on getting the ventures ve the point of commercial success The news of the relisting. At least  the best I can figure out.
   
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