what we think is the reason for the decline. It's not ezy to dig out of the site but to the left of the stock price is a section that has 2007 news in Israel, and there is a release about a class action lawsuit that I think is against IGLD. Dont sound like a huge thing but its probably the reason for the decline. Briefly it says that IGLD/smile exaggerated the hits to their websites...and the hits determined, I suppose what they charged to advertise on it. "this to shall paSS" go igld!
PETACH TIKVA, Israel, September 4, 2007 -- Internet Gold, (NASDAQ NMS and TASE: IGLD) today reported that according to reports in the Israeli papers, the owners of six leading E-commerce sites in Israel, including Smile.Media Ltd, a subsidiary of the Company which operates P1000.co.il, have been named in a request to initiate a class action suit that alleges the fabrication of online auction results. Smile.Media has not yet been served in the suit.