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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 6:47:00 PM
From: Zeev Hed   of 1480
 
Per: I wish you luck with those shares. I have stated mu opinion earlier that the last news release of management did not make any sense. Only MM can short non marginable stock and thus taking possession of your shres will have little impact since they do not need to borrow stock they short. Furthermore, if other shorter were present these would be large holders which management should know and thus approach them. If there is any shorting going on, management knows who they are. I doubt that shorting is the issue, the issue is that insiders apparently have known for some time that cash has run out and that the technology is not working too well.

Zeev
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