Stock forums are full of scam stocks rocketing 1000% on having no recent news at all. The forum algorithms are suspiciously manipulated by bots or an army of fake supporters who post positive reviews on a particular stock. Today we see an extremely cheap stock, Icon Media (OTC: ICNM) which soared 68.42% yesterday without announcing any update. There are several points we need to stress now.
- Icon Media’s website is old; it was rebuilt approximately in 2010 as we can see its theme loads slowly
- The last news posted in media was on May 23, 2017
- ICNM starts moving up in January 2021
- Its Twitter account looks inactive, the last tweet was on March 12, 2021