The determination of International Development and Environmental Holdings (OTC:IDEH) to ruin its investors by constant paid promotions is in full power again. Even though the value of IDEH stock has already been wiped out by the aftereffects of previous promotions, another paid campaign was initiated yesterday.
The campaign was initiated by Penny Stock Live, which said the stock was about to bounce off. The opinion of the promoter, however, was inspired by the sum of $40 thousand, which was provided by Indigo Advisors.[BANNER]
The amount of money which has been poured into the advertisement of IDEH is literally stunning. More than $500 thousand were spent for the services of promoters, which is 10 times higher than the value of the company’s tangible assets. It turns out that the money spent on promotions could cover more than 60% of the company’s total debt, but still third parties chose to invest in newsletters rather than in the company.
The curiosities about IDEH do not end here. At the beginning of the promotional marathon of the company, an online publisher accused Scott Lieberman, the CEO of IDEH, that he created a deceitful letter of intent to buy out his own parking facilities in Manhattan. It is most likely that the LOI was mocked-up only to support the ongoing promotion for $300 thousand at that time.
Now that the forces of promotion are once again harnessed for the sake of IDEH, it is time that investors sum up the facts and make their own conclusion about the company. The truth can be illustrated by the price chart, which clearly shows the painful blow which IDEH stock suffered after the effect of the paid newsletters was over.
