InvestorsHub Logo

ckaminsky

05/12/10 11:11 AM

#7626 RE: pire #7625

I live outside Washington DC.
e.g. not far from FBI, DOJ and SEC... all of whom have their eye on NIR Group (the primary culprit behind the enormous slide of IGNT).

If Ingen hadn't been so stupid as to take a loan from them (NIR has a history of questionable practices), well then we wouldn't be in this mess of having to pay 40M shares WEEKLY to NIR and the debt wouldn't have gone from $2M to $4.5M

May 2009 this was trading @.0020
Imagine my surprise that one year later its .0005 or DOWN -75% since then. Yikes! ontop of now having 8B A/S when back then was only 1B I believe.