It will take a reverse split, ticker change, and a half million dollar "investor awareness"(pump and dump) program to get this puppy back into irrational exuberance. Without the "financial and manufacturing" experience of Ray Willenberg this company ain't going nowhere! I read it in a press release and heard about it in a IDOI Goldberg movie: "Mr. Willenberg is a great addition to our board. His vast experience in finance and manufacturing will be extremely useful in helping IDO Security continue to grow and expand," said Michael Goldberg, Acting CEO of IDO Security.
Commented Mr. Willenberg, "The demand for cutting edge security products such as the MagShoe continues to grow throughout the globe. I feel IDO Security's product line is truly innovative, and I'm very excited to join them." http://ih.advfn.com/p.php?pid=nmona&article=38876585
Why hasn't there been any Goldberg investor movies in the last year or so? Surely he has had enough time to brush up on his "close your eyes while you lies" problem. Perhaps some electric-shock therapy could be coordinated through his headphones to help with the problem, or perhaps multiple takes and then stitch the best ones together for an award-winning production. It won't take too much production to get investors back into the game of making money for the financiers. Why didn't IDOI mention that the reverse split could go 1 to 10,000? That might make the investor jubilant to find that only 5,000 shares were split!
As for expanding the IDO product line, I have mentioned the Mag Sphincter Scan before and also a proprietary product for detecting anthrax in ear cavities, and of course the MagMammaScan yet they remain dedicated to scanning shoes for metal. Be careful about mentioning new product lines as they will increase the research and development costs to investors each quarter and as it is today investors are having enough trouble making payments on the 2008 Notes.
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