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Thursday, November 29, 2007 4:25:32 PM
The scary part about it is that they have only $5K in cash and so far this year the company has issued 39.5M shares. Now that hurts. Now 155M shares outstanding. I smell a reverse split coming. A nice 1 for 10 followed by a fat private placement to some cousin's company giving away 75%+ of the common shareholder's equity.
At least there is some apparent stockholder equity, at least have to give them that much credit.
My question is, who other than ISBL investors are ever going to see this blog that is supposed to keep everyone informed? That is a seriously bad idea, IMO. I was expecting a MUCH better website. Heck, the music biz has some of the most dynamic sites on the net, and they use some FrontPage template. Hell, my 8 year old daughter could accidentally make something more dynamic in Dreamweaver.
Look at a site like www.chunky.com, even a soup website looks 1000% better than ISBL's. Damn shame...
I know, I know, I should be looking at the bright side that at least they have a website and delivered when they said they would, LOL! Just keep lowering expectations and eventually they're met, right?
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