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

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To: alchemy who wrote (905)5/21/1997 9:45:00 PM
From: Tummus1   of 1480
 
Some utterly pointless reiteration of what every one knows.

I (like I believe others on this thread) have been disappointed by the lack of news of drilling results. If there is nothing to report then obviously that's bad (at least in the short term).
However, if things are good then there is every reason for IMMM to be obsessively careful about reporting their data. I have tended to see the BreX mess has being resolved and well in the past. I do not think that the managers of exploration companies have though. BreX and now the Delgratia Minning fraud in Nevada (where test samples have been salted) are glaring examples to investors as to how common fraud can be in this business. Now, Amalgamated Explorations, which is in many respects similar to IMMM, has completely botched a news release. THis has damaged their reputation among investors as the AXPL thread indicates.
With this string up screw ups hanging in the air, anybody who makes a mistep in a junior exploration company is setting themselves up for a world of hurt. If I were IMMM I would be extra careful to make sure that I had everything right the first time even if it meant taking with-holding news and driving everybody crazy. Let's hope that is the case.
Tony
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