Even at $.15 a share, this company is overvalued. That is why I was so in favor of the reverse split, because when there were 53,000,000,000 at $.0001 - that valued the company at $5,300,000.00 and there was no room for IDOI to correct the overvaluation.
Now with only 20,000,000 shares(valued at $6,000,000 post split) there is room for correction. So today the company is valued at about $3,000,000 - still far high in my opinion BUT there is now room for it to drop back to $.0001 once again.
When will Goldberg update the new investors on the status of the latest law suit against IDOI?
IDOI'ers need to know what is going on!
The company certainly does not have money from sales of MagShoe with which to handle litigation, it could be that they sold shares during the pump and dump to handle the lawsuits, but traditionally about 98% of every IDOI share minted goes to the financiers for payment on the original $5,000,000 loan(2007 Notes).
So investors may need to pony up some more cash to help handle the litigation...
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