Quite a hole the new PR firm needs to dig them out of.
Prior year earnings for IDN.
Net loss 2014 $ 7,644,000
Net loss 2013 $ 2,424,000
Net loss 2012 $ 2,260,000
Stock has lost 98% of its market value since it first went public.
It used to be that this board was filled with postings from the faithful promising get rich quick rewards for investing in this stock. Anyone stating otherwise was labeled a short. But now comments are few and far between and defenders seem to have disappeared.
Looks like the date is just meant to coincide with the annual shareholder meeting. I do not consider the earnings release date to have positive or negative implications.
Company has completely changed over the past 6 months...new CEO, new hires for sales, moving to a SAAS model, suing patent infringers, and beginning the sales process with new sales force. The cycle is long and they say give us till the second half of the year before you start judging us. I think 1Q earnings are meaningless.
I'm not sure how big the investor was, but it was suggested during yesterday's conference call question period. I would skip the first half of the cc and go directly to the questions. Some good ones were asked. There was obvious skepticism regarding any positive things that were said by management. The possibility that further stock dilution may be coming this year was not denied. Last quarter's sales and earnings were pathetic and today's stock reaction reflects doubts that the company is on the road to recovery. I would avoid purchasing this stock until the company demonstrates that it can grow the company in a significant way over at least two quarters.
That investor has done a number of these and he will get this sold, might not be the price the company has said it is worth, but double of where it is now
Hit $1.35 today. Divide that by 8 for reverse split and that comes to 17 cents a share for a company that went public at $12. That is a loss of 98.5% for the original investors. I understand new management hopes to turn things around, but this does not look good.
What are your thoughts on the low trading volume. I think out of frustration and lack of trust people have fled the stock....with no news this thin could trade at $1.00
If true, who cares? Aegis Capital has been the underwriter for previous stock offerings of IDN. They may just be trying to pump the stock prior to another offering.
Its about 15 years now of hype... lies ... and broken promises....
followed up by a ridiculous amount of dilution for what in reality is pennies per share
To just pay salaries and special compensation packages
The hype always was that IDNs patents put them above the competition... no one can do what IDN does... but the last decade of performance and competition proves that argument false
A shillster says a "big shot" will get this sold for $4..... in what virtual reality???? that's a $40 mil cost for $4 mil in revs that lose money.... aint gonna happen because as I pointed out above the patents are not protecting IDN from competition
so thin volume...... who in their right mind cannot see the handwriting on the wall... who wants to buy this?
Well lets see. It said they have 20000 establishments under them. So let just say 20 percent choose to use it. Your looking at 4000 at probably 40 bucks a month. Thats 1.92 million in revenue a year with very little spent on setup or equipment. Thats if they are only charging $40 a month per establishment.
Make believe #s applied to a very empty PR.... the kind we have seen dozens of times before
A company should only issue a PR if it has any legs to stand on..... and by legs I mean actual revenue #s to put in the release
anyone taking advantage of $1.53?