ICOP Bankrupt

Author: John Honovich, Published on Jan 21, 2011

US mobile DVR manufacturer ICOP has suspended operations and is seeking investments or perhaps an acquisition. At the end of December the company laid off its entire staff. The stock is still trading though it has been delisted from the Nasdaq. As on January 20th, the stock is trading at 37 cents per share with 2.7 Million shares outstanding (effective market value - about $1 Million USD). In the past year, the stock price fell over 90% from nearly $5 per share.

On January 21st, ICOP filed for Chapter 11 bankruptcy.

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