Bob,
When I bought my shares a few months ago, I believe I read that at that time, there were 17,000,000 shares(float) with 5,000,000 shares outstanding. Now I read (post 1182), that Jack Updike states he took delivery of his shares and "they" stated 50,000,000 shares outstanding!!!!!!!
I'll tell you what, if "they" continue to print paper, then LOTS of people will be able to gobble up cheap shares.
Shouldn't there be a financial statement due out soon? {Among other things to be sure}. I know they can file extensions and all, but I don't remember a statement for this year yet of any kind???? At least a balance sheet would detail tangible assets as well as cash and securities to at least establish if, in fact, there has been a "possible cash infusion of $2,500,000" from Petroclas as stated in IMMM's June 9th press release.
If anyone out there has access to ANY SEC filings concerning IMMM, I sure would appreciate an email for a copy or summary of same. Unfortunately, I don't have access to Edgar---spent my spare $$$'s on a stock purchase. GUESS which one!
Theo ;-) |