I am doing extensive DD here and contacting many people...
This is interesting.
"Edison's stock was publicly traded on the NASDAQ for four years. The company reported only one profitable quarter while it was publicly traded. After reaching a high of close to USD$40 per share in early 2001, shares fell to 14 cents. Also in 2001, the Securities and Exchange Commission charged that Edison failed to disclose that as much as 41 percent of its revenue that year consisted of money that it never saw: $154 million. By 2002, Edison was courting Roger Milliken for a possible bailout. The company was eventually taken private in 2003, in a buyout facilitated by Liberty Partners on behalf of the Florida Retirement System, which handles pension investments for the state's public school teachers; The deal valued the company at $180 million or $1.76 per share."
Look, how this deal went through?
Same business model of this company!
Shares were trading at .14 cents but they buy out was $1.76 a share.
Again, I am contacting many people.
Do not want you to invest more here. This is risky.
However, I believe this has a REAl potential. Coming down from $7.
We are also trading for about 4 years now...