Ashraf Eassa
Long/short equity, contrarian, independent research, tech

A $132 Million Company Worth Less Than $0: Short Inscor

It is unfortunate that all-too-often micro- and small-cap stock fraud occurs in our equity markets. It is all too easy for a thinly traded equity with roughly zero intrinsic value to be promoted by unscrupulous figures to the unsuspecting retail investor. While small-cap stock fraud will never be eliminated, it is imperative that the innocent retail investor not be duped by these scams.

INSCOR (OTCPK:IOGA) is a name that I believe is currently the target of penny-stock promotion. It is my view that the stock's intrinsic value is somewhere south of $0, and it is with conviction that I recommend that any investors currently in the name sell the entirety of their stakes immediately. I am...

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