Nelly Shishkova

IDO Security, Inc. (OTC:IDOI) Fuels Up the Gain by News and Promotions

by Nelly Shishkova May 14, 2012

IDOI_logo.pngApart from the fact that IDO hasn't managed to turn a profit yet, its losses and accumulated deficit keep increasing. At the same time, the 10-K is full of risk factors related to the company's common stock and future operation.

Management of IDO state that they need to raise additional funds on an immediate basis in order to be able to satisfy their cash requirements and fulfill their business plan over the next twelve months. Otherwise, the company may be forced to lay-off additional employees and either restructure or cease operations entirely.

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