Nir group, a hedge fund in roslyn ny owns convertible notes on iaro..they sell their shares into to market to unsuspecting investors...for each share nir group sells, they receive appoximately 1.5 times the share's worth..thus diluting the float at a rate of 1.5 for every share bought by investors who have not done their home work. Please read the quarterly filings for the last 5 years to get more knowledge about this scam! We who bought back in july are all bagholders now, be careful, this company is in real financial trouble because of the notes held by nir group. All this is my opinion after exhaustive research! My personal reason for warning you is i dont want nir group to be able to sell more shares into the float and dilute it anymore! Go to this link to find out more about what a "death spiral" is: www.investopedia.com/terms/d/deathspiral.asp also, there are fools on here claiming there is a short squeeze coming, that is a lie, according to the terms of the convertible notes held by nir group, llc, the receive shares directly from iaro, they do not borrow them, which is required for a short squeeze to become a reality! All of this is my opinion, which is all i have left after investing in iaro!
this guy had it right all along....what a bunch of losers on here...pumpdork, and tom brandon aka igotsurshares have screwed everyone on this board....where are gapshot, yogeez and the others pumping at a nickle last summer????