IMMM ( I'm Mad Monk) Message Board

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

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To: alchemy who wrote (1275)	7/3/1997 11:26:00 PM
From: Zeev Hed	of 1480

Martin: You are stubborn. Note the following: "The company has elected a mandatory exchange of its stock certificates, fees are paid by the company. Shareholders of record on July 1, 1997, will be notified of the instructions. ". Now, if there was a big short position as the company implied in the last release, they should run for cover, they did not today and they had ample time to react. If that is not enough, now we have another $5 millions in what is probably another reg S. Meaning another minimum 50 MM shares, and probably three times as much. The next step is a big reverse split and more shorting against the block by the Aussies. Just one man's opinion. It has not changed since the stock was $.75. Oh, another think to look at, how many options is Ebling getting? I see the stock within the next two months in the range of $.01 to $.03 per share (or equivalent post reverse split). Zeev

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