Rich,
From what I can tell with minimal info that I have about issx; is that ISSX has an inflated market cap and IREG doesn't. The IPO proceeds are only part of the story. From the story in todays WSJ it seems that there are a hell of alot of shares of ISSX. Revenues were 13 million last year. I don't have the exact numbers on hand. But if you calculate the founders stake in % & $ The co. is expensive to say the least. Unless the WSJ made a mistake ( I don't believe everything I read) This looks like a short or arbitrage against IREG IMHO. But there is no guarantee on my opinion. Who knows maybe ISSX will do $100,000,000 worth of business next year. Go figure. Maybe those guys that didn't catch the ISSX rocket will still be hungry for I-NET Security and find IREG. It looks like they found SCUR, CYBG, SDTI, and TISX. IREG is just being discovered and when it goes double digit I might get my Libido back. I found out my sex drive is related to the price of IREG's stock price. you know how bad its been. Look at the chart.
Good Luck
Bob |
