IMPORTANT UPDATE
I got an email response addressing some of my questions and concerns yesterday from Derrick. True to form for IR guys he was cautious as to what he would say. Here are my concerns and his responses
1. I was concerned that it was trading like a stock being diluted.
[b]A. "The OTC markets are correct, and the TA is not gagged" Anybody can contact the TA for stock structure details
2. I am tired of looking at the skull and crossbones and my Schwab account provides very little detail on this equity.
[b]A. "The skull and crossbones were put there due to third party promotions" He went on to say that he anticipates the skull and crossbones will be removed within 30 days but left kinda vague what if anything he or the company will have to do first.
3. News
A. He referenced a recent PR by saying "we are working on an extensive project while trying to run our biz as usual"
HIS CLOSING COMMENTS:
"From what I can see from the trading, from a traders perspective is low volume selling, so the opposite could easily happen. Dilution tends to look much different. I can tell you this, we are working very hard on the company."
Disclosure: I have been buying in the dips and hold an open long position in ILUS
Warren Buffett said..."when the company is going one way while the stock price goes another, that trend never lasts long"
Things they could say:
1. Increased revenues in Q2 17 over Q2 16 by virtue of the Gilbert store being open thru the entire 2nd Q
2. Cleaning up financials should lead to a QB listing soon.
3. Whatever the new project is...sounds exciting
I would not want to be short this right now ! !
U R UP 2 DATE 4 NOW.
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