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

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To: per strandberg who wrote (998)6/4/1997 4:19:00 PM
From: R. Bond   of 1480
 
PS,

>>....this would be an indication of this particular company not being a scam.<<

I must correct you on this.

My experience encompassed a poster on SI who was very close to the Company: a large shareholder, had advance notice of news, dined with the CEO, never contradicted by the Company for his postings here on SI, etc. In short, this guy was implicitly endorsed by the Company. It was subsequently discovered that he had privately contacted prominent SI posters on the Company thread to ask them to hype the Company here on SI, then short into the buying.

Just before the shares dumped forever because the Company was a worthless scam run by criminals, he was orchestrating a shareholder campaign to call in all certs to "squeeze the shorts". This is a common technique in scams . I personally would run for the hills if I heard it, again. But that's me. My experience also involved false info in press releases, lots of delays on the "BIG" news, false information in SEC filings (No, you cannot trust the SEC to check the filings), and hyping on the Company website.

I am not familiar with the specifics of IMMM recent history. But I have seen enough today to know that this is not the time to buy more. Excitement and greed will not take you far in the markets. If one is not presently in the black with IMMM, considering the fact that people are complaining about the price falling and lack of PR, one may well consider holding, selling a portion of the position at a loss, or getting out altogether.

There will be another bus coming along directly. If you can't pay, you won't be on it.

I hope you get rich on this stock and wish you all the best. I'm not saying your wrong, just telling you a story because you reminded me of it.

Regards,
Bond

P.S. My opinion is worth next to nothing. It will probably take only about 10 picoseconds to find a load of people to clearly explain to you why this post is meaningless. I hope you have at least been entertained.
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