Ideal Financial Solutions, Inc.(fka IFSL)

[chickenvestor]

I know it won't make a difference but here is my reply to Paul's email:

Dear Mr. Currie,

As of today, before the reverse split, I hold X,XXX,000 shares of your company's stock. As an investor I have to say that I am now down from my original buy in 75%. I have trusted, hoped, and prayed that IFSL management would do the right thing. As I stated in a previous email to you, I have no fear of a reverse split. The problem is the ratio at which the approved shares were split vs. the outstanding. It reeks of a reverse and dilute scam which I really thought IFSL had no need of. I know you have recieved numerous emails from other investors that have asked for the approved shares to be reduced to improve our opinion of this company. Now there is effectively 4x as many approved shares. As a good faith effort IFSL management needs to reduce the approved shares to the ratio before the RS and more. This move alone would propel the share price to well over 10x the current value. No institutional investor would touch this with the current share structure. Management is dreaming if the think they will. The share price speaks volumes. As for me, I wish I had exited long ago, cut my losses and moved on. Now I have to decide what I should do.

XXXX XXXX


> Subject: Reverse Split
> To: [e-mail]
> From: [e-mail]
> Date: Wed, 5 Jan 2011 19:04:35 +0000
>
> Shareholders,
>
> I'm not sure if you saw the news from earlier today. We announced a 200 for 1 reverse split. We are doing this from a position of strength. We are doing this to attract Institutional Investors. This should be reviewed as a positive. Usually when companies do a RS it is to raise the price to avoid DeListing. Also anyone who is short the stock will need to cover as the cusip #s will change.
>
> Thank You,
>
> Paul Currie
> OTC: IFSL
> Ideal Financial Solutions
> IR Director
> 678-772-3456
> [e-mail]