CodeSmart Holdings Inc (fka ITEN)

[urkidding1]

Not really...IMO it was expected. The hype and speculation concerning the 10Q drove this to previous levels. The 10Q identified a serious financial situation. This company lost 5 million dollars between Jan - Jun. Then factor in the IRA situation...pending litigation...and cost to finance continued operations. Hence, Diego comes back to restructure the company and hopefully save the day. His job by no means has been completed and there are still numerous I's to dot, and T's to cross. I've stated many a time this will get ugly before it gets pretty.....and to ride the wave of hype and speculation and TAKE PROFITS! I forecast the remainder of the year to be UGLY! The product is good....but now is gut check time for Diego to save this company so they can reap the rewards for their product. Key point will be how much dilution will take place to hold the ship afloat until the financial condition is stable. How much will it cost the company to settle pending litigation issues? Ultimately, it is "profits" that increase the value of a company and the pps.

Good Luck my Friend