IMMM ( I'm Mad Monk) Message Board

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Microcap & Penny Stocks : IMMM ( I'm Mad Monk)

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To: Sidney Reilly who wrote (771)	5/15/1997 9:34:00 PM
From: alchemy	of 1480

Hello Bob:<< If the drilling started on May 5th how deep can they be?>> Along with many other investors, I called and spoke with Neville at IMMM who must feel like the last man in the Alamo these days. They are at 5500 ft. which should put them well below the oil zone which is at 3200 ft or thereabouts. He said that they will get chemical results from the lab on the drilling on the 24th or 25th. They run the analysis from the bottom up. Those in the industry probably know what that means and why they do it that way. He isn't letting the cat out of the bag concerning drilling results and he mentioned that we should see additional news soon. I agree with Per. This is a wildcat well. If the first one's dry, that's not unusual. My feeling is that UPR was really interested in the helium that is below the oil reservoir. I think the helium will ink this deal if they locate it. Why are they so lacadaisical about our concerns? Probably because they don't need us now, and they know that they will be moving all the chess pieces in management around anyhow. This whole scenario is not about a company. It is about a technology. If the technology works, who ever owns the gadget wins. Right now, it is ours. I am hanging tight. Like Bob, I think we have an opportunity to position ourselves for an aggressive run up in price. Yes, it could be a classic short squeeze. My attitude is still, all or nothing. From my point of view, my cost of risk is 70% lower than my original entry point. The only difference is that I am closer to the final reward. If I lose it all, it will be a very good lesson in humility. We all need those lessons now and then... marty

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