Ideanomics Inc (IDEX)

[ItsMyOption]

After reading the current Second quarter I see great concern of this company moving forward.
- 2nd quarter earnings down from previous quarter earnings.
- The company has too many pending litigations, which are very costly.
- There is a lack of guaranteed funding going forward.
- The general and administration expenses are way too high for the very little Revenue from sales as stated revenue from sales = $7,828 but general and administration expenses = $23,626
Total revenue $8,183 but total operating expenses = $35,882 IMO if this is not changed there is only one way the pps will move and it is not up.
- It seems Naked short sellers have control on direction this company will go and current managers seem inept in handling their very high expenses.
- As they correctly stated IDEX is = A GOING CONCURN COMPANY.
- The salary of A. Poor alone is more than their Gross profits. Poor has set the company up as a personal piggybank for insiders and only they will benefit in bankruptcy which seem the direction Poor is taking IDEX
- Note: I have been long supporting IDEX and now not happy with this 1:125 R/S
- IMO, Management should be ashamed at their performance.