They underwrite a 3rd offering in 12 months..... 1st @ $3.20 ($.45)...2nd @$6.80 ($.85) and now at $1.75 (which would have been $.22)
Underwriting means they believe that's the value of the shares.... and they were granted the right to short/go naked short while making a market in the security
Yet they are doing nothing to support the price they underwrote... they might as well be making up #s
No support all day... and maybe some days a paint the tape close to make the day not seem as bad as it really was.....
Send lawyers guns and money.... yeah that's a great song
also my reading of the 10-K is that IDN can be delisted if they dilute more than 1/3 the public float in any calendar year... they accomplished that in 2014... and have done so again in 2015
This is something that needs consideration because you could see pennies on a delist
Just my observations.... which should carry some weight here
Haven't I been a good little boy keeping my mouth shut as wheels seem to fall off daily?
and even IF some company wanted IDN for its patents... at this time wouldn't you use connections and leverage to get the SEC to act on the dilution and force a delist and then just but the shares for under a dime?
That's what I would do IF I was big... had money... and saw some sort of value in IDNs patents
But again.. in my opinion they have little to no value
Horse whipping? Really? The problem is dumb and gullible investors. Look at your email. Just look at the number of spelling errors in the first sentence. Even if the company finds a buyer, the sale price will be a small fraction of the price when the company went public which is $96 adjusted for the reverse split.
Next time do your homework before you invest.
The new fund who bought almost 2 million shares thinks it is worth more than you do and are pushing to have it sold to ---- and -- I would love to give the names but then it might blow a deal
We finally had a nice 5% bounce on Fri. If we get 20 more days like that in the coming month, along with much heavier volume, I may become a believer in the company. Until then, I would advice people to avoid investing in the stock. The long term potential is substantial, even with the recent dilution. The key is execution and past performance does not bode well for the future. This is a great example where it is better to be a little late than too early in committing your money.
I would feel more confident if today's volume were closer to 500,000 shares. At least the stock is back to the price it sold its new shares. The company will have to announce sales and earnings in $s that are at least comparable to last quarter. If they are, the stock will pop. If not, the price will collapse again. \We will know soon enough.
Not much info... in the story other than they took action. Doesn't seem like there is a pot of gold at the end of the Rainbow either..
TSRI looks ready to bust! This Nasdaq play has been being shorted to death and with less than a million shares in the float any upward momentum could send this play into orbit
Nice words, dismal results.
It sounded as if several announcements regarding new business will be made over the next couple of months. If true, the stock should respond positively. If not, they left the door open for further stock dilution.
Nothing like corporate America when it comes to putting apositive spin on losses. Your accountants make you write off your intangible assets because the situaiton is so bleak, but you still come up with a positive spin.
Regarding dilution. It really reflects poorly on the American system if these guys can go to the market with more stock!
But this is America. A place where we give huge bonuses to underperforming CEOs. Anything is possible.
With IDN no news is bad news...the jewelry chain news seemed to be the brightest spot...No mention of government projects,..Be lucky to go above $2.00 by year end imho... Won't recommend it to anyone...Hold what you have.
Sentiment: Strong Buy
Looks like volume is picking up... May not see good news this quarter...but this company has very good prospects longer term and especially since that #$%$ Ludlow left with his wife!!!! He should be put in jail for stealing from this company. It looks like we have some people who want to work hard and make it happen going forward. At least I hope so!!
Technically, the stock looks good as we approach the earnings announcement. I would feel more confident if the daily volume quadrupled and the stock price continued to rise as we approached the release of earnings.