Yep. The market sets the price. The truth is painful.
If they think a US investor is going to accept their reporting and accounting methods they are dreaming.
oh well, time will tell. I'm glad I didn't buy in at .25.
What gets me is that people are so willing to look at the shoddy financials and think that the company is progressing. If anything it is the complete opposite. $7m in losses in the first year is significant. I don't care who they compare them to. IWG has major losses and churned through so much with so little in return. What is mind boggling is why they wouldn't report this huge jump in sales in the last quarter knowing they were going into another CR and investors becoming uneasy. It's not like moving the revenue to 2016 had any tax benefit given the massive losses in 2015. Something is quite queer with IWG. I hope things pick up for them and they keep going. It's pretty interesting stuff.
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