>> IDA announced today that it has secured $1.25 million in
financing from the Bank of Montreal
Capital Corporation (BOM)
What justifies this investment???? Past performance????
Certainly NOT!!!!!!!
>> and an additional $250,000 from Capital Alliance Ventures
(CAV)
These guys must have the 'in for a penny, in for a pound'
mentality ... or else they're just plain foolish
>> $.35 per common share.
Heck, we can't even get much above THAT price.........
>> IDC, which has been established since 1984, is an
internationally recognized leader in the satellite
broadcasting industry.
On who's authority? (Their Own - No Doubt)
>> The Corporation has a proven reputation for
Take Your Pick -
A. Losing Money
B. Providing Minus Returns on Investment
C. Lack of Sales
D. All of the above (& more)
>> Mr. K.C. Lim of the BOM, stated that
''Our investment in IDC demonstrates our confidence
in their strategy, technology and business plan.
What business plan? Have you seen it? I certainly haven't...
What strategy? (It must be another secret as we
shareholders are never informed)
.....We should not assume that anything has changed
>> After conducting a thorough due diligence,
Translation: Is someone getting graft?
>> we concluded that this high-tech firm has everything
we look for in a company
Boy, do they have LOW Standards!
>> proven long-term performance
I'll agree with that (POOR)
>> products positioned to meet worldwide demand,
Companies haven't exactly been knocking down the door
with purchases (As share value indicates)
>> and a top-notch management team with a
solid vision of the future and how to get there.''
Wow, lots of notches (holes) in that statement - Where
did they dream up that conclusion???
>> Denzil Doyle, Chairman of the Board for CAV, stated that
''We are pleased to have the opportunity to make this
additional investment. IDC has been restructured
and has recently achieved a significant turnaround in its
performance.
Do you see any profits? (They must also be a secret so that
shareholders will not be the beneficiaries)
>> The Corporation has tremendous future growth potential
and we welcome the Bank of Montreal as a new investor
and as a partner.''
Are they going to use their investment as a tax write-off?
>> IDC President and CEO Ron Clifton stated,
''This investment is timely and significant for us.
That is an understatement
>> Not only does it provide additional financing for working
capital
Translation: We (management) can boost our pay and benefits
>> it also brings a new strategic partner into the Corporation.
The BOM (MOB) brings additional strength to our Board,
as well as broad international connections.
Translation : If IDA doesn't perform now, the MOB 'WILL"
take over
>> The additional investment by CAV is a welcome vote of
confidence for us.
Translation : CAV would have lost their investment without
additionnal support to IDA (Just like the previous major
shareholder)..... Do you see a pattern emerging???
I'll believe there's hope when the shares make large
gains to the upside, not with IDA'S empty promises |
