That recommendation, together with the praising words about the huge growth potential of IOSA, was worth a total compensation of $10,000, paid by a third party. The campaign is relatively inexpensive, but considering the low share and dollar volumes that the stock usually traders, some additional demand could well have an impact on the share price today.
Yesterday, IOSA closed the session at $0.17 with a 3.03% increase. The latest news from Information Systems Associates dates back to January and it stated that Mr. Dominique Lesme will be the new President, Chief Operating Officer and Director of the company, with responsibilities covering almost all of the important departments of the company.
The business of IOSA has not been profitable in the last two years, and the company’s revenues came in the nine months ended last September mostly from one single customer. An interesting part of Mr. Lesme’s contract is that he has agreed to invest $150,000 in Information Systems Associates, to be used for the company’s expansion this year, in exchange of which he will receive 3,000,000 shares of common stock. But his faith in the company’s final breakthrough goes even further: he has agreed to receive his $100,000 yearly compensation also in stocks this year, payable also according to a share price of $0.05.
Unfortunately for traders and promoters, such circumstances make IOSA share price look too high, given the dilution risks. On the other hand, in the past the company has often paid with stocks to some of its outside consultants and service providers, mostly at price much higher than the current levels, suggesting there could be a lot of parties out there interested in IOSA share price appreciation.
