success I have done DD on this stock
For several years now. As for my moniker just showing up and being created today, thats right. But check the YAHOO message boards and you will see thats where I normally post, with the same moniker, which has been in effect since 1997.
As for NISKO, they have been the primary source of IPOINTS funding for some nearly 15 years now with a limit of 1.5 million I believe, and how much are they making?
I also find it funny you skipped over the issue that IPOINT has zero clients now. Their only client was Duetsche Telecom in GERMANY. Wonder why an Isreali company has no clients at home?
Yes NEOM and Cornell are two big shareholders now, as they recently paid 2 million dollars(1 million each) for 40,000 shares at 24.00 a share. 2 million dollars for a company with no clients? Is that good management of our dollars?
As you know the SEC does not investigate the actions of companies, based on their filings. If they did there never would of been an ENRON or MCI debacle etc. I dont know if you are aware but this year the number of actions by the SEC increased dramatically, I can give you the link to the article if you wish. Most of these actions are brought on by tips, not the SEC performing its ordinary duties.
Yes IPOINT was required to file with the SEC to register the shares. Its ironic however that IPONT was not and still is not a publicly traded company, even though the filing states they now are a public company formed in Delaware. Do a search of the pink sheets and see if they are there yet. Perhaps the SEC will reject their filing, since they have no revenue and no clients?
As for my attempts to get information, I have spoken to the CEO in the past, and recently was forwarded to David Kaminer, who gave me a line of trash. When I wasnt happy with his response is when I again attempted to communicate with the CEO to no avail. Its been since Nov 23.
Lastly you claim that the new 54 million shares has no effect on the market, because they havent been approved yet. Thats just a formality isnt it? And how many investors you know dont get skittish and run for the door, when they see a dilution of over 10 percent about to hit the market? And lets not forget NEOM shares went from 30 million in 2003 to 450 million 2 years later. Talk about massive dilution, and not a dime of earnings to support it.
By the way the company(IPOINT) had about 500,000 shares and NEOM and CORNELL purchased 20 percent of those outstanding shares, so just how big an investment do these other companies have?
Oh and as a new member I am only allowed 3 posts a day, so this is my last one.
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