ITEX misleading shareholders?

(via www.noisefreeinvesting.com)

I’m trying not to pick on ITEX CEO Steven White, but he’s not making my life easy. I have a lot of respect for what he has done on the operating side of ITEX, but in what seems to be a growing trend (this is the third time) he’s once again (intentionally?) misleading shareholders. Biglari's long term track record is quite satisfactory.