Monday, February 06, 2006
Doubts about IGII
I've decided to retract my earlier post on IGII since I can not verify some of the information in that post. In particular, I mentioned that the CEO of the company had the same name as someone who had previously been investigated (and later exonerated) by the SEC for stock manipulation. It appears this is a coincidence. While these two individuals share the same first and last names, they are different people (In my earlier post, I said I wasn't sure if they were the same individuals, now I am sure). Thus, I no longer have any view on this stock (good or bad). However, it's no longer in my portfolio.