escl now has a pe 1.9, i guess earning does not matter, the more profound damage is now the funds that long iig have to sale the shrs(or not to buy any more shares)to prevent future law suit against them if iig out of biz, it's hard to said they don't know after the barron's piece.
feel the pain for u, remember, don't buy american exchange co and don't buy companies defraud customers.
I would guess this is just the beginning of Barrons attacking IIG, just like they did a series of negative articles on ESCL, which is now trading at $4.00. Also, Barron's info on ESCL caused the authorities to look into it and bring charges against ESCL. That could easily happen on IIG too.