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Microcap & Penny Stocks : IMGX, currently $3.50
IMGX 0.00010000.0%Oct 28 4:00 PM EDT

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To: Jay Morrison who wrote (635)3/26/1998 8:43:00 PM
From: George Young  Read Replies (3) of 665
 
According to IR today at IMGX, Zannett has not converted any of their shares into stock, and therefore is not selling at this point. I also found it interesting that insiders have been buying several hundred thousand shares over the past year (also according to IR) on the open market (in addition to their options). I think we just need to wait this one out a couple more quarters. It has been a long and frustrating wait for these guys but nothing has ruined their credibility yet. If we come in below $7m in revenue this quarter, then I may start to worry a little. Otherwise, I think we should sit tight.

Any contrary opinions out there?

George
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