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Re: SeaOhToo post# 22339

Thursday, 03/24/2011 11:06:07 AM

Thursday, March 24, 2011 11:06:07 AM

Post# of 23885
Itro has not had an audited statement for a while, so they are just showing revenue. From an 'outsiders' viewpoint, I think they now are in a good cash flow position. That is a lot more important than profitability. If they can keep their heads above water for a while, they could do very well. They did some toxic financing with NIR, but NIR may not do very well. They ran a PIPE equity fund that was not very ethical. They are currently in court. Itro has been through many UP's and DOWN's so it has gained a lot of people that do not care for it. Be prepared to do a lot of DD. It is not easy to understand. If you buy a few shares===stick around.
Welcome aboard the Itro thread.