Phil,
The list of the possible culprits has just been withdrawn, The Corporate Directory on the website.
I have spent some time to check up on the facts stated about
these guys. A few thoughts about what I have found.
Jesse Taylor/Mincom Australia verified.
I think everything in his CV was true.
Nothing to hide, it seems.
P Ebeling, CEO Tridon, is hyped up to look like an oil tycoon.
Those oil-related companies mentioned were not large enough to have a registered phone. EmComm is controlled by PE. Anybody in the oil business would laugh his ass off reading that presentation.
Specialist at arranging financing, well, may be true, but always at the shareholders' expence, forget serious banking connections.
M Stamm, seems to be what he is said to be, Physicist, not Businessman.
But, I doubt he gives a shit about IMMM and us shareholders.
First, he wants to show the world that the em-sounder principle works.
Second, he wants to make money himself.
I think he prefers to make money via Patroclas (Petroclas,Patroclose...I have seen all possible spellings) in which he is a director, probably major owner.
That seems to be heck of a lot simpler than fighting with the other wolves in IMMM.
I have no idea what the other board members are supposed to do,
apart from being given a chance to make big money. Buddies maybe?
We know that the first deal with UPR was in Patroclas name.
Probably all other deals also, as the UPR-guy denied having anything to do with IMMM: UPR was working with Patroclas.
I am taking for granted that the drillings were succesful, as otherwise there would be no interest from UPR or any need for secrecy.
This implies that the emsounder somehow works and Stamm can be happy.
So are we...as long as we believe this will benefit IMMM and us.
Now that's the 64 million dollar question: What is the deal between Patroclas and IMMM? You have seen the importance of that question pointed out on this thread before.
It's utterly ridiculous that it's impossible to get an answer from IMMM, as without that answer, it is very difficult to evaluate IMMM.
What then is a possible scenario:
Clamp down on all information. Issue ridiculous releases about shorting penny stocks to create confusion. Keep an eye on what's being said on SI. Close the website. In order to increase the pressure in the boiler, there must be no leaks.
Prepare for the big run-up. Issue another 30 million shares. Distribute them to the insiders and the persons and companies acting as a front.
JT leaves in disgust. Shit has a tendency to rub off on others.
Keeps an only slightly tarnished reputation.
New Chairman = the old Treasurer.
Wait for the report period rally July/August.
Big deluge of information. Incredible oil strikes. Incredible technique. $BILLIONS at the horizon.
Stock goes up , the insiders sell and get rich.
We sell also, maybe smiling hypocritically.
Stamm gets credit for being a genius and credit at the bank.
Wanders off into the sunset to join his beloved Petra Clos.
As there were no real sources of revenue, the stock starts slithering back under that rock it came from.
IMMM changes name to Invest More Money Meaningful.
Starts all over with a company reorganisation.
If I have guessed something correctly, this post may belong to the endangered species.
Appreciating comments from IMMM,
ps
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