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Re: mythical_phenix post# 5756

Friday, 02/17/2012 10:24:43 PM

Friday, February 17, 2012 10:24:43 PM

Post# of 7197
That was a very bad move. I agree.
However, it looks like the company has been grossly understating revenues and purposely supressing the share price ever since getting screwed by NIR. They say the ceo feels victimized and he's running ITRO like a private company. The ceo rules with an iron fist and has control of everything. He does all accounting and everything. It's basically a one man show at ITRO and since they're on the pinks he doesn't require any audits. No filing 8-Ks with the SEC. NOTHING. He reports whatever he wants. The share price goes down the tubes and he's able to fly under the radar while pocketting God only knows how much all for himself.
If the SEC would just dig a little. They're being played bigtime. Don't even have to dig that deep....his press releases are loaded with fraud. The gold/copper property (Auric) being talked about on the other board is just the latest. The fraud goes back years.
All because he made a dumb decision and trusted Ribotsky for financing.
Seriously, take a look into Itronics.
Go to www.itronics.com and read his press releases. How he's still able to avoid arrest all this time is incredible. Maybe you folks can help put an end to it. Like I said, the NIR fund holders are getting screwed by this guy. The Feds got Corey but how are you going to recoup losses without going after the other fraudsters like this Whitney character?

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