RE:Glad I sold out last week in the 0.20'sJabookie75 wrote: For anyone buying this over 0.10 best of luck. They have 55 million shares outstanding and now issued 50 million more at 0.10. For those coutning thatis about 90% dilution of the existing share count. That is ridiculous.
Anyone buying in the 0.20's or God help us, 0.30 last week now have dead money on their hands. They still have to prove they can turn IDL arround and if they don't, they will burn through this $5 million in no time. I will keep this on watch but when volume dies down and the crappy Q4 2015 and Q1 2016 numbers come in, this will drift lower. It's going to take a few quarters for them to prove to the market that the turnaround is legit. I am on the sidelines until that happens.
Not a basher. Just a guy who has been involved with this company for the last year while they presided over one of the biggest declines I have ever seen. From 2.00 to 0.01 tells the tale folks. James Howard Tripp is a clown and has run this company into the ground. I am still very skeptical of his ability to execute the turn around. We shall see.
Ya im 100% on that with you, maybe they will invest this all into IDL then let genenews die off to then merger idl with another company, i do belive that they are tied into multiple companies, i dunno their wages and compensations but as of the members of board are probably topping (easily) the 300,000$ a year plus insentives, the person who financed the last chunk@ .32 i forget the name, i did look him up and is a billionaire. so .. that is odd , i doubt he would partake in a shady buisness. regardless i do hope they go big as cancer is serious and very real thing, to see these tech companies with a dumb iphone game go from 2mil to 50 mil yet a cancer research cant barely raise a dime. kinda sad. but its buisness. best luck to Genenews i will be watching closely