He would not have diluted out of spite
Woody, that was a guise. He has many shares also now worthless. Obviously as CEO he will have other avenues to reimbursement we don't have. To dilute as he has without explanation almost certainly was predicated on a dollars and cents issue (read lack of recorded profit).
The problem here is supporters have been left high and dry for an adequate explanation what went wrong. Sure it's a tough economy but guess what criminals are flourishing in it. Where I live gangs are killing for drug turf wars like never before, helicoptered drugs are being smuggled across borders worth millions on the street. Point being drugs are being used on an ever increasing scale yet this company is bleeding cash precisely when it shouldn't be or YS wouldn't need to dilute.
He refuses to put investors in the picture when business ought to be booming the CEO pulls the rug out under his supporters with NO feasible explanation. Not so much as an apology, don't you find that the slightest bit disingenuous? Doesn't it seem like someone else as CEO could be doing a far better job rewarding IDTA's legions of loyal shareholders?
Boy oh boy self explanatory to me there Woodman. Biggest crime waves ever involving illicit drugs sales, IDTA ought to be on record pace and here we are bag holders with no explanation why, NONE
Google 'fiduciary duty' I see something untoward is happening behind the scenes on a massive scale and this CEO should be held accountable for his omission of responsibilities to loyal investors regarding Fiduciary Duty. This is not about name calling that is the decoy he is playing to manipulate. Yaacov could care less about investors all one need look at is the chart that caused all the name calling in the first place. People are extremely frustrated when prevented from making sense about there investment, rightly so. This is about illogical behaviour departing from the truth with his investors.
Don't fall for the bait Woody you just got sucker punched. Been there LOST that and if we don't stand up to this abuse so will many more well meaning investors.
Glad your wee one is well Woody!
Best...Rich
Anyway the chips fall. There is no better substitute than YOUR OWN DD
Including mine...good luck!
