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Sunday, November 27, 2022

Icon Media Holdings (OTCMKTS: ICNM) Strong Move Northbound as Singapore-based digital network platform Eastwin8 Pte Becomes New Controlling Shareholder of the Company

Icon Media Holdings (OTCMKTS: ICNM) is on the move northbound trading over $1 million in dollar volume on Wednesday alone after the Company filed an 8k reporting a change of control with RM/SPAC specialist Frank I Igwealor selling the controlling block of stock in the Company to Mr. David Chong of Eastwin8 Pte Ltd. Following the transaction, the Company appointed Mr. Tan Chin Ngiap as the sole member of the Board, Chairman, President, CEO, Secretary and Treasurer of the Company. Reverse mergers can be more explosive than biotech’s when the incoming Company has real value but is undiscovered to investors and many RM stocks that we have covered on this website have gone from pennies to dollars. Two of the biggest recent SPAC runners we reported on were HRBR which we first profiled at $0.26 which is now trading over $2.50 per share and TSNP which we reported on in the triple zeroes before it went to multi dollars.  ICNM has runner in its blood making an explosive move back in 2021 from triple zeroes to highs near half a penny. Since than the stock formed a range between $0.001 and $0.002 and just broke northbound out of its trading range on Wednesday. 

The incoming Company; Eastwin8 is a Singapore-based digital network platform that enables businesses to conduct eCommerce with full integration of logistics network. Business owners can take advantage of the platform functions to plan, optimize and distribute the jobs to the 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 the extended resources via the platform network. For paid subscribers, the platform provides additional functions such as Automatic Route Planning, Live Tracking, Private Network and many valued added services. Once the platform is further enhanced and deployed, the service partner network will expand to cross border logistics, Insurance, Fintech, Marketing, Business Transformation, IT services, Purchasing and Consultancy. The platform will also be implementing the acceptance of cryptocurrency payment in certain marketplaces / countries where cryptocurrency or other forms of digital assets are permissible. 

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

ICNM was a Frank Igwealor custodianship/SPAC reverse merger RM deal. Mr. Igwealor is a known operator in the small cap markets and has been responsible for a number of successful SPAC deals, Mr. igwealora is a CPA-JD-MBA professional with vast experience and expertise in areas of (1) Capital Management, Business-Management, Turnarounds/ Rationalization, Risk-Management, Finance, Accounting, Cost/Organizational/Operational-efficiencies, Tax-Planning, and Financial/Tax-Audits; (2) Business-law, Real Estate, Corporate Restructuring, and Mergers & Acquisitions; (3) Investment Management, Fund Management, Fund Administration, and Regulatory Compliance. 

Microcapdaily first reported on ICNM on December 27 stating at the time: “ICNM has been rising steadily in recent trading on accelerating volume after the Company has gone pink current and is now a Frank Igwealor custodianship/SPAC RM deal. The stock has quickly gained the attention of investors and is emerging as a volume leader in small caps. Investors are looking for a break over February’s highs of $0.0055; a break over and its blue skies ahead for ICNM. The Company recently updates its profile stating “The Company is pivoting its business model and seeks to acquire or merge into operating businesses and assets in Blockchain, Crypto, Metaverse and NFTs multimedia industry. The whole deal is being shepherded by custodianship/SPAC RM deal specialist Frank Igwealor who has successfully shepherded many RMs in recent months. ICNM has liquidity, upward momentum and a fast-growing shareholder base bidding the stock higher.” 

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On April 6 ICNM filed an 8k and volume picked up and the price began to make a powerful move to the upside after the Company filed an 8k stating; “On April 5, 2022, the Company entered into a definite agreement with Community Economic Capital LLC, a California limited liability company, controlled by Frank I Igwealor, and Eastwin8 Pte Ltd, Singapore wherein Frank I Igwealor sold his control block preferred stock of the Company, to Mr. David Chong as part of a mutually beneficial transaction in the Company purchased the total outstanding shares of EASTWIN8 in exchange of majority holding, the control block preferred stock. Following the transaction, the Company appointed Mr. Tan Chin Ngiap as the sole member of the Board, Chairman, President, CEO, Secretary and Treasurer of the Company. 

Eastwin8 is a Singapore-based digital network platform that enables businesses to conduct eCommerce with full integration of logistics network. Business owners can take advantage of the platform functions to plan, optimize and distribute the jobs to the 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 the extended resources via the platform network. For paid subscribers, the platform provides additional functions such as Automatic Route Planning, Live Tracking, Private Network and many valued added services. 

Once the platform is further enhanced and deployed, the service partner network will expand to cross border logistics, Insurance, Fintech, Marketing, Business Transformation, IT services, Purchasing and Consultancy. The platform will also be implementing the acceptance of cryptocurrency payment in certain marketplaces / countries where cryptocurrency or other forms of digital assets are permissible. 

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Currently trading at a $21,946,984 million market valuation the Company has 9,975,901,924 shares outstanding and $0 debt on the books. ICNM is an exciting story in small caps, they just did a reverse merger whereby Eastwin8, a Singapore-based digital network platform and its owner Mr. David Chong went public became the new controlling shareholder of the Company. Soon after, the Company appointed Mr. Tan Chin Ngiap as the sole member of the Board, Chairman, President, CEO, Secretary and Treasurer of the Company. Since its run to highs near half a penny iCNM formed a solid base and trading range between $0.001 and $0.002 which is now eclipsed as David Chong takes control of the Company. ICNM is currently under heavy accumulation and has legions of shareholders and a growing international following. It’s got liquidity, momentum, a low float and a large gap to fill. We will be updating on ICNM when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with ICNM.

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Disclosure: we hold no position in ICNM either long or short and we have not been compensated for this article.

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