Icon Media Holdings (OTCMKTS: ICNM) Strong Move Northbound as a Singapore-based digital networking platform Eastwin8 Pte becomes the company’s new majority shareholder

0

Icon Media Holdings (OTCMKTS:ICNM) is on the move north, trading over $1m in volume on Wednesday alone after the company filed an 8k signaling a change in control with RM/SPAC specialist Frank I Igwealor selling the controlling block of shares in the Company to Mr. David Chong of Eastwin8 Pte Ltd. Following the transaction, the Company has appointed Mr. Tan Chin Ngiap as sole member of the Board of Directors, Chairman, President, Chief Executive Officer, Secretary and Treasurer of the Company. Reverse mergers can be more explosive than those in biotechnology when the entering company has real value but is undiscovered by investors and many RM stocks we have covered on this website have gone from pennies to dollars. Two of the biggest recent SPAC runners we have reported on were HRBR which we first profiled at $0.26 which now trades over $2.50 per share and TSNP which we have reported in the triple zeros before that it only spends several dollars. The ICNM has a runner in its blood that is making an explosive move in 2021, going from triple zeros to near-half-penny highs. Since then, the stock has formed a range between $0.001 and $0.002 and just broke out of its trading range on Wednesday.

The incoming Company; Eastwin8 is a Singapore-based digital networking platform that enables businesses to conduct e-commerce with full logistics network integration. Business owners can take advantage of the platform’s functions to plan, optimize and distribute jobs to logistics partners via mobile apps. Under the platform, it is easy to add “service partners” to the network so that other platform users can access extended resources through the platform network. For paid subscribers, the platform provides additional functions such as automatic route planning, live tracking, private network and many value-added services. Once the platform is further enhanced and deployed, the network of service partners will expand to cross-border logistics, insurance, fintech, marketing, business transformation, IT services, procurement and advice. The platform will also implement cryptocurrency payment acceptance in certain markets/countries where cryptocurrency or other forms of digital assets are permitted.

Icon Media Holdings (OTCMKTS: ICNM) is a clean shell with $0 liabilities and a perfect merger candidate. Previously, the company operated as a diversified global technology company. The company’s wireless infrastructure services business provided technical consulting, design and implementation services for distributed antenna systems (DAS) and small cell Wi-Fi. Our customer base is industry wireless and enterprise customers. The Company is pivoting its business model and seeking to acquire or merge with businesses and operating assets in the Blockchain, Crypto, Metaverse and NFT media industry.

ICNM was a Frank Igwealor custodianship/SPAC RM reverse merger agreement. Mr. Igwealor is a well-known trader in the small cap markets and has been responsible for a number of successful SPAC transactions, Mr. igwealora is a CPA-JD-MBA professional with extensive experience and expertise in the areas of (1 ) capital management, business – management, turnaround/streamlining, risk management, finance, accounting, cost/organizational/operational efficiency, tax planning and financial/tax audits; (2) Business Law, Real Estate, Restructuring and Mergers & Acquisitions; (3) Investment management, fund management, fund administration and regulatory compliance.

Microcapdaily first reported ICNM on December 27, stating at the time: “ICNM has been steadily increasing in recent deals on volume acceleration after the company went pink current and is now a Frank Igwealor/SPAC RM custody deal. The stock quickly caught the attention of investors and is emerging as a volume leader in small caps. Investors are looking for a break from the February highs of $0.0055; a break over and blue skies in sight for the ICNM. The company recently updated its profile stating, “The company is pivoting its business model and seeking to acquire or merge with businesses and operating assets in the Blockchain, Crypto, Metaverse and NFT media industry. The entire deal is led by Custody Agreement Specialist/SPAC RM Frank Igwealor, who has successfully led numerous RMs over the past few months. ICNM has cash, bottom-up momentum and a rapidly growing shareholder base that bids the stock higher. »

To find out Inside Scoop on ICNM Subscribe to Microcapdaily.com now by entering your email in the box below

ICNM

On April 6, the ICNM filed an 8k and the volume rose and the price started making a powerful move higher after the company filed a declaring 8k; “On April 5, 2022, the company entered into a definitive agreement with Community Economic Capital LLC, a California limited liability company, controlled by Frank I Igwealor, and Eastwin8 Pte Ltd, Singapore, in which Frank I Igwealor sold his controlling block of the preferred shares of the Company, to Mr. David Chong in a mutually beneficial transaction in the Company purchased all of the outstanding shares of EASTWIN8 in exchange for majority ownership, the preferred shares of the controlling block. Following the transaction, the Company has appointed Mr. Tan Chin Ngiap as sole member of the Board of Directors, Chairman, President, Chief Executive Officer, Secretary and Treasurer of the Company.

Eastwin8 is a Singapore-based digital networking platform that enables businesses to conduct e-commerce with full logistics network integration. Business owners can take advantage of the platform’s functions to plan, optimize and distribute jobs to logistics partners via mobile apps. Under the platform, it is easy to add “service partners” to the network so that other platform users can access extended resources through the platform network. For paid subscribers, the platform provides additional functions such as automatic route planning, live tracking, private network and many value-added services.

Once the platform is further enhanced and deployed, the network of service partners will expand to cross-border logistics, insurance, fintech, marketing, business transformation, IT services, procurement and advice. The platform will also implement cryptocurrency payment acceptance in certain markets/countries where cryptocurrency or other forms of digital assets are permitted.

To learn more about the ICNM, subscribe now

Currently trading at a market valuation of $21,946,984 million the Company has 9,975,901,924 shares outstanding and $0 debt on the books. ICNM is an exciting story in small caps, they have just done a reverse merger whereby Eastwin8, a Singapore-based digital networking platform and its owner, Mr. David Chong, became the new majority shareholder of the company. Shortly thereafter, the company appointed Mr. Tan Chin ngiap as sole member of the board of directors, chairman of the board, president, chief executive officer, secretary and treasurer of the company. Since its run to highs near half a dime iCNM formed a solid base and a trading range between $0.001 and $0.002 which is now eclipsed when David Chong takes over the company. The ICNM is currently the subject of a strong accumulation and has legions of shareholders and a growing international clientele. It has liquidity, momentum, low float and a big gap to fill. We’ll update ICNM when more details emerge, so make sure you’re subscribed to Microcapdaily so you know what’s going on with ICNM.

Disclosure: We do not hold any positions in the ICNM, long or short, and we have not been compensated for this article.

Share.

Comments are closed.