ICTY: Buffalo Fireside Chats Interview Recap

ICTY CEO Bradley Wilson appeared in an interview with Buffalo Fireside Chats last night, giving investors a detailed, transparent update on exactly where the company stands and what it’s building toward. After years of stop-and-go frustrations, the message was clear: the cleanup is almost done, operations are underway, and something big is lining up behind the scenes.

Over the past few years, ICTY has quietly fought its way out of a challenging setup, to say the least. Wilson regained control of the company after previous management drove it into significant trouble, highlighted by deals gone wrong and neglected filings. Since then, Wilson has worked tirelessly to tackle the leftover legacy liabilities, brought filings fully up to date, and build a framework that does not require toxic debt, dilution, or a reverse split. All of this restructuring has been more or less funded out of Wilson’s pocket, showing a unique commitment to the success of ICTY.

To meet OTC Markets’ requirements, exit its shell status, and open doors to better opportunities as a result, ICTY secured two Brazilian real estate projects. Wilson described them as “low-entry, high-margin” deals tied to Brazil’s government housing programs. The business model is straightforward: ICTY partners with a Brazilian development group that manages construction and permitting, while the government ensures buyers are pre-approved for financing. ICTY’s role is to spec, build, or help bring the projects to market, something the company can do with minimal capital at risk. These are consistent, cash-flow-positive deals that establish real operations without the need for fundraising, dilution, or convertible paper.

But these Brazil projects are only the beginning. They set the stage for a much larger opportunity Wilson hinted at during the interview. This next acquisition is U.S.-based, focused on a "huge, huge... huge market", designed to justify fundamental growth across the board instead of just fishing for speculation-based hype. Wilson positioned this as the potential holy grail for ICTY, and it’s clearly the reason behind all the careful restructuring and groundwork already laid out. The goal is a lasting value creator that will redefine ICTY.

Wilson also addressed a critical shareholder concern: the share structure. One billion shares were already canceled through a successful court settlement last year. Another 1.1 billion are currently in active litigation, which for shareholders means they are not actively traded. This particular set of shares has been in and out of court for years already, but whether it takes months or years, Wilson made it clear he is going to fight to the end to keep them off the market.

Leadership transition also stood out during the conversation. Wilson acknowledged shareholders likely want fresh faces and experienced operators leading future growth. While he's focused heavily on fixing past issues, he stressed the importance of putting the right people in place to allow the company to thrive. New board appointments and leadership announcements are clearly on the horizon as things develop, marking another critical step toward a fresh chapter for the company and its shareholders.

As ICTY approaches the finish line on the legacy cleanup, it does so with a skilled CEO who has personally backed the turnaround, real operations underway, and a major acquisition on the horizon. The path forward is clear, active, and built on a foundation that took years to bring to fruition. The ICTY turnaround story has officially shifted from promising to progress....and according to Wilson, the next phase could begin within four to six weeks.

Want to see the full interview for yourself? Catch the full ICTY interview with Buffalo Fireside Chats here!

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