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The company reported that they will not pursue

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BigGreen101   Sunday, 01/25/09 10:42:17 AM
Re: None
Post # of 52 
The company reported that they will not pursue the other two options (40%) ownership of Video1314.

That the revenue generated from Video1314 was 20K, whereas the loss was significant (~100,000).

The company reports that they should be able to remain viable for 2009.

Thus, my overall conclusion is that with the down turn in the market and competition via internet, IASCA is struggling to pay for the monthly cost to run Video1314. It remains uncertain as to if IASCA will pull the plug on Video1314 in the future if revenues are not generated to maintain the monthly cost of running the website.

The stock is presently at 0.021. Within the next several months the time frame for restricted shares will have elapsed, allowing them to be traded. This might lead to further PPS deterioration.

This leads me to suggest a wait and see, without investing or further in the stock. If one bought in at 0.18, then averaging down might be one this to consider in the next few months. However, at this time the stock is dead and the company might not make it to 2010.

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