InvestorsHub Logo
Followers 1055
Posts 189434
Boards Moderated 1
Alias Born 06/19/2009

Re: ash111 post# 1760728

Wednesday, 04/01/2015 3:18:41 PM

Wednesday, April 01, 2015 3:18:41 PM

Post# of 2804248
RADAR IT,imo.CEO forgave the company's $5.7 million of debt so the company is almost debt free and well positioned for massive growth. 2 months ago, he also bought 180,000 shares which represents roughly 5% of the float. He now owns nearly 1/3rd of the company. There is only one reason why the CEO would buy so many shares and forgive $5.7 million of debt of a company that has a market cap of under $4 million. Its because he believes the company will be worth substantially more than it is now.

My posts are my opinion and should not be used as investment advice. Make your own decisions in your stock trades.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.