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Microcap & Penny Stocks : IMMM ( I'm Mad Monk)
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To: Sidney Reilly who wrote (992)6/3/1997 11:31:00 AM
From: Navigator   of 1480
 
Bob-
You wrote-

Who has a lot of shares of IMMM that got them for nothing at the start up and needs money, or is playing games, or is mad at IMMM?

Anyone remember a guy named Peter Boonen? He use to be the President of IMMM and was fired. At least that is what I think happened to him. We can't know for sure because IMMM never commented on him leaving. My guess is that he is big time pissed with IMMM and is trashing the company to market makers. Supposeley his shares were cancelled (about 5 million) but we can't confirm that either.

Next, we have the company telling us zip about the management situation and anything to do with drilling.

Lastly, we have market makers manipulating the hell out of this stock with not too kosher tactics. Check out Tony's post 928. I saw the same bullshit volume trade of 600,000 shares later to be reduced. Also the stock was trading at 15 cents and the high was shown to be 20 cents which was complete bullshit. It was later reduced back to 15 cents.
I've seen a number of inaccurate quotes on highs/lows and volumes with this stock.

Bottom line: We are getting screwed on a number of fronts. This will be the first and last penny stock I ever buy. Good luck. We are going to need it.

Craig

P.S. Yes I still haven't sold any of my shares. Either the stock goes to zero or we hit it big. I will wait for the results. This will be the last post I do on SI on IMMM. If anyone wants to discuss it, my e-mail address is posted.
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