Innerscope Hearing Technologies Inc (INND)

[BeamMeUpScotty]

The CEO and his family took over this ticker purely to dilute it to oblivion without commiting any of their own funds.

I can tell you for sure that at the time they took over this ticker they had just sold the family owned hearing aid business for several million Dollars. When they took over the ticker it had less than 20m shares in total or less than 50m or so. That sale was often touted in the early press releases as a means of giving the management an air of credibility and respectability!

Everyone had high hopes for the idea they had and it is a great idea. Here’s what happened next. Everyone would look at the 52 week high of over ten cents look at the share structure and buy in.

After we all got hooked, here’s what the CEO did every single time he wanted to dump shares. The day before he was due to put yet another fluff PR out he would tweet that amazing news was coming out the next day. Everyone would buy in and he’d let the stock probably run up like 15-20% on the day while dumping some of the shares he wanted to then he’d dump the rest the following morning.

He pretty well managed to dump over 3bn shares on investors.

When I saw his picture taken with his family it just gave me the creeps and just looking at it made me uncomfortable but as I’ve gotten older I can read people quite well.

People who see my posting history will know that I hardly ever post negatively about a company.