Spammers 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 .
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