My friend told me that you have that wrong. I guess there is some other company called ISBG or something like that that is in control of most of the business, but that this entity holds 25 percent interest.
He also said that the other entity was being audited. If that is the case, it would mean that the results and operations would also be audited for this entity. With a simple Form 10, this entity can be a fully reporting SEC filer. With 25 percent interest in the other company, and at at low triple zeroes, the risk/reward is compellling and I don't even play these POS penny stocks. Biggest positions are FB, TWTR, AAPL, GE and C.
I guess its all about whether this CEO who I'm told hasn't preformed as of yet, really has contracts in place for the goods he has. I'm told we'll find out after the audit results for the other company are completed. I don't know, but if this is correct, and the masses are wrong here, it could create quite a stir.
Have a nice Labor Day weekend
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