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Microcap & Penny Stocks : IMMM ( I'm Mad Monk)
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To: Casey who wrote (194)3/17/1997 1:40:00 AM
From: Mad Monk   of 1480
 
Casey: You are right. The only explanation that I could think of to explain the recent weakness of the share price is that someone is unloading. According to the Company, the float is about 5 mil. shares but we have no way to find out who the major players are and how much they paid for their shares. As a startup company, certain big players could have acquired IMMM dirty cheap and use this "sell on news" syndrome to unload for profit. When I meet with Peter, I'll ask him about this. As prudent investors, we owe it to ourselves to probe, to question, to share information and to separate science from fiction so that we could prosper.

As I stated before, I am not familiar with low price issue. Maybe some low price issues do defy logic. I don't know. I have a token position now and I won't plunge in until it hits liquid. I also received e-mails asking me about the "scam" possibility. This is my reply:

1.Dr. Stamm has impeccable credentials.
2.Peter Boonen has a sound business plan.
3.This plan is being excuted in a professional manner.
4.UPC scientists are no fools. They did their due diligence.
5.Letter of intent from mining concerns adds credibility to its technology. Of cource I'd like to see actual contract being signed. I'll ask Peter for further progress report.
6.Lack of hypes from the company. This is very positive because common sense tells me "scam" needs hypes to lure gamblers in to become bag holders. The absence of hypes adds to the credibility of their management.
7.They plan to drill in two weeks.

But who the heck has been selling? Before the actual drilling? Is he nuts? Let's find out.

Regards,
Mad Monk

PS.The recent light volume is a small comfort. I know MM is in it but they should not take all the blames.
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