Lakers,
It certainly couldn't hurt that the House struck down a law limiting online gaming. Here is a post of mine from RB regarding IIMC:
Glad to hear all these exciting posts from everyone. What your sources are telling you all confirms what my dd has revealed by simply reading all the publicly available information. Positives started with the investment in this clean reporting shell. We now have a President who by all accounts is nothing but a class act. Although I have never spoken with him, many associates of mine have given me glowing reports of the man's integrity and ability to get things done. A merger is announced almost synonymously with his appointment as President. My dd indicates 21st Equity Partners, formerly Capital Media, is a high caliber firm with some seasoned professionals who are well thought of in the industry. 21st Equity's involvement suggests it would be prudent for one to conclude this could be a big deal if they were involved. And now the kicker is this release:
AmEurotech has an established software development team that has developed proprietary software for the gaming industry. They have pioneered the first PC-based interactive kiosks for the gaming industry with 3-dimensional games based on their own 3D engine called NOA(TM) and hardware design. In the multimedia market they have provided kiosk hardware solutions for companies including Computer Associates, McLaren Racing, Ticket One, and Megatronica Group s.a. The applications for their products range from gaming, informational kiosks, video music boxes, and the point-of-sale marketplace.
The market is growing at a fast pace. The total North American electronic games market value will have risen to $5.8 billion by the year 2002, according to Datamonitor. The European games market in its entirety comprises console hardware and software and PC software. This market will reach $4.8 billion by the end of the year 2000 due to increased awareness, earlier exposure to computing media and the interest of the current games community.
AmEurotech has researched this market over the last three years and has positioned itself to be a leader in its field with 3-dimensional software and hardware that is adaptable to many applications.
American Holdings Corporation dba AmEurotech Corporation is a North Carolina based software and hardware technology company with $6.5 million in tangible assets and has ongoing business in Greece, Spain, the United Kingdom, and is currently expanding its business into the United States and South America. The company's net earnings for fiscal 2000 are projected at $1.5 million dollars with projected earnings for 2001 to between $20 million and $25 million.
In a reverse merger AmEurotech will take over active management, and the name would be changed to reflect the new direction of the corporation. With 25,000,000 shares out a controlling interest would be issued to AmEurotech. Let's speculate that number is 30 to 35 million giving us 55,000,000 outstanding. Take earnings of $25,000,000 per the release and you arrive at the following valuations:
PE of 10 = $4.50 share price
PE of 20 = $9.00 share price
PE of 30 = $13 share price
My opinion based on the credibility of the PR firm involved and the President of IIMC, is a forward looking statement such as the huge increase in projected earnings would be very interesting to the SEC if IIMC and 21st Equity could not substantiate them with factual information. My conclusion is once this deal is announced you will see announcements of multiple contracts and/or acquisitions. Based on the PR this is not a penny stock deal and the price will continue to move up. We are very undervalued here folks, JMHO! |
