IMD Companies, Inc. (OTCMKTS:ICBU) Livens Up on $1 Million Investment Agreement
IMD Companies, Inc. (OTCMKTS:ICBU) is gaining our attention again, as it tries to recover from the fall in February. In the past weeks, ICBU started a slow climbing trend, and on Thursday added a slim one percent to $0.1116, on dollar volumes above $1.36 million. 
ICBU now shot forward with several press releases, the last one concerning the financial position of the company. ICBU expects a cool million, literally- an $1 million investment from accredited investor Irwin “Izzy” Zalcberg. The latest PR from Wednesday mentions that the first part of the investment is already made, though the size of that tranche was not announced. 
So far, ICBU has cast its hopes on future events, as we will have to wait a while to see if the investment of Mr. Zalcberg ends up in the coffers of the company and is indeed used for cannabis growing. Otherwise, the company promises sales of its greenhouse control devices, and adds an easily-made promise, that it would soon offer Apple and Adnroid applications to aid marijuana farmers.
All of those may be convenient or beneficial products for the cannabis sector, but as with many other companies, serve the short-term task of drawing enough investors to boost the stock price. This ticker has the advantage of a relatively low number of outstanding shares, a mere $161 million, and a tight free float of just eight million. But this also means enough side holdings to tempt selling as the price progresses to a higher range.
The latest promotion for ICBU was in one of the strongest periods of boom for the MMJ sector, the middle of February. Then, Insanestocks.com took up ICBU for free, probably to boost its past record- but since then, the company has been less stellar.
Until the sales of the EMC-5000 system actually materialize, ICBU also remains rather pressured financially, showing just:
- $2.2 thousand in cash
- $91 thousand in quarterly revenues
- $233 in quarterly net loss
What is worse, the greenhouse and security system is not exclusive, and may be replaced by many similar offers on the market, including ready-made security apps.
In this, ICBU is quite far from the solid readiness of companies like Terra Tech Corp. (OTCBB:TRTC), which show a readiness for greenhouse production, even if until now the crops have been mostly herbs and salads, and cannabis is yet to come. TRTC continued its recent slide, going below the dollar levels, and facing the last day of trading at $0.98.
Growlife, Inc. (OTCMKTS:PHOT) shows a better trend, as it is a longer-time player, padded by both self-generated and mainstream publicity. PHOT is headed in a general upward direction, growing on Thursday toward $0.65.
If you like ICBU for its amazing days of awakening, keep in mind that this stock is prone to periods of depression with thinner volumes, so adjust your timing and the size of the investment accordingly.
