Martinas B.

Idglobal (PINKSHEETS: IDGC) Shines on the Spam Campaign

by Martinas B. September 12, 2008
idglobal_logo.jpgSpammers are bombarding our email accounts with messages touting Idglobal's (PINKSHEETS: IDGC) stock. Let's see what this company has been doing.

Idglobal calls itself "the leader in scientific identification", whatever that is! It's more than obvious that the company is more likely an average player in the share market, but not the leader.

On July 1st, Idglobal announced a 1-for 16 reverse split of its common stock. The Board of Directors approved the 1-for-16 reverse split of its common stock, following approval, on June 6, 2008, by a majority of the Company's stockholders .


idglobal_chart.gif

As of Thursday, the company's stock was trading at a price of $0.19 or 24% down since previous closing.

The company has recently announced that it will take part in the Product Authentication and Brand Security Conference in Chicago Illinois, which is being held September 11th and 12th.

Idglobal does not look like an attractive investment at the moment. The company does not provide substantial information about its financial position. WE think that you should keep away from this stock for a while.


Reference


http://www.idglobalcorp.com

Comments 3

1. Guest
August 03, 2010, 02:01PM

Quotes --- August 2, 2010

Just got off of the phone with Dean Philpot. He says he hasn't
heard anything from the company representatives in over 4 months.
He was supposed to get a signed contract along with 6,000,000
shares of the IDGlobal oil entity's stock, neither of which has
happened. He was told that the company was supposed to
recapitalize with some outside investors. That too hasn't
happened. His numerous e-mails haven't been answered. Mr. Philpot
has passed on many deals due to lack of response from company
representatives.

What's going on is anybody's guess. Since there are now 72,000,000
shares outstanding it's obvious that a recapitalization has taken
place. Remember there was a reverse split 1 for 16 shares
[72,000,000 to 4,500,000]. My guess is they haven't been able to
raise the capital necessary to buy leases, producing wells and
drilling equipment.

-Buddy

2. Guest
January 29, 2009, 09:07AM

Quotes Hi, Steve,
so I hope you weren't trapped by this scam stock?

3. Guest
January 13, 2009, 09:58AM

Quotes Thanks for the info. I,too, have received some of the same emails.. from bestdamnpennystocks, as I recall. I appreciate your thoughts.

Type the characters that you see in the box (5 characters).