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Value_Investor

03/23/18 1:46 PM

#29848 RE: goldrusher #29833

Why IDOI with Hyper Deep Negative Equity Value -$30.2M and Giant Debts $20.82M has not filed the CH7 Bankruptcy yet! Usually any stock with such Giant Debts and Hyper Deep Negative Equity Value must have already been forced to file the CH7 Liquidation because there is no any way for a company to survive based on such disaster financial balance sheet! IDOI has the worst financial condition I've even seen in the OTC world!

IDOI has 10B or 10,000,000,000 shares Giant AS and 1.5B ~ 1.6B shares Huge OS and float! At the 52-week high $0.0011 it has $1.65M ~ $1.76M ridiculous high market value v.s. its peer (VGTL) only hit the 52-week high $0.0007 with much much lower debts (-$1,028,408) and much much much lower negative equity value (-$1,133,905)!

Note, about totally 1B or 1,000,000,000 shares were dumped at 0.0001 so far!

What I don't understand is, [color=red]this type of stock should be stuck at 0 x 0.0001 forever[/color] but IDOI is now trading at ridiculous high 0.0002 x 0.0004 comparing to the similar OS counts OTC peers!