IDO Security, Inc. (fka IDOI)

[Value_Investor]

Wow, the company had voted 67% of shares to approve the Giant AS increasing from 400M shares to 10B or 10,000M shares! So the current OS should be 1.5B shares at least based on the maximal trading volume in history (see the chart below).

The increase in the number of authorized shares of Common Stock from four hundred million (400,000,000) shares of Common Stock to ten billion (10,000,000,000) shares of Common Stock (the “Authorized Share Increase”).

So the current market value (at 0.0003) is over $450K! At the 52-week high 0.0011 IDOI has over $1.65M market value!

https://backend.otcmarkets.com/otcapi/company/sec-filings/10345281/content/html

The latest 10-Q shows the company has Giant Deep Negative Equity Value -$30,194,728 which alone put the company in the Bankruptcy status!

Total stockholders’ deficiency (30,194,728)

https://backend.otcmarkets.com/otcapi/company/sec-filings/10317596/content/html

For the year ended December 31, 2013, the registrant had revenues of $15,043 and a net loss of $5.6 million. For the year ended December 31, 2014, the registrant currently estimates that it had no revenues and a net loss of approximately $3.5 million.

The company has $20.82M Giant Debts which should force IDOI to file the CH7 Liquidation Bankruptcy!

https://backend.otcmarkets.com/otcapi/company/sec-filings/10603629/content/html

Also the stock is on Very Dangerous "Delinquent SEC Reporting" status which could cause all the common shares to be Cancelled very soon!

https://www.otcmarkets.com/stock/IDOI/quote