To all:
My last post got a response that led to a phone call with a well-spoken man named Tom Kosta, who asked me to post the essence of our conversation, which I'm happy to do:
Tom (who runs Kostech, the firm whose advisory led to the run-up in February) advised me that his marketing people are under the impression that IMES is currently in a "quiet period." The SEC makes a company enter a quiet period for financial reasons: In IMES' case that could be anything from a private placement to some debt-equity swap to the much-bruited reverse-split. If IMES is, in fact, in a quiet period, it can only mean that such a financial transaction has been entered into and is imminent.
Though I appreciated Mr. Kosta's call, I have to say I left it feeling I'd better strap the seat belt tighter: This road might get rocky for a while. His faith in the company is very strong (his company, by the way, does own shares and/or options to buy more) and he sees it as very much a long-term hold. It's either going to make it huge or not. Period. Of all the pentium cloners out there, however, he feels that IMES is far and away the big dog of the little block.
That dog might be eating crow for a little while though. |
