cAPSLOCK: I agree that harping on the same issue time and again and name calling is quite a senseless approach and trully an unfair use of the medium we have been given in these threads. I am not sure who started this, so I will not get into that mud slugging contest. I can tell you, however, from experience, that sometimes, after beeing called names and having your character defamed on the thread (as is the case on the IPMCF thread, where people that do not agree with my analysis resort to low level tactics), even I do lash back from time to time. So, someone should volunteer on this thread and call it a truce, and address the real issues.
You know, at about the same time that one of the posters here asked that I look at IMMM he also asked that I look at EXSO. At the time EXSO was around 2 I believe, and IMMM at around .75. I posted my first opinion on EXSO then and it was as negative as my opinion on IMMMM (expect stock dilution, the dangers of a floorless variable conversion debenture etc.). I have been following from apart both of these situations and from time to time stating my opinion that averaging down is bad policy on both cases. It is not that I am for ever negative mind you, since very recently I actually started to feel the light at the end of the tunnel for EXSO (and have actually bought some shares, which of course are now under water). But a least, I could design a valuation model which states that after everything is done and they have issued the maximum amount of shares feasible with current authorization, the company is still worth $25 MM on their book. The problem with IMMM I have no visibility of such intrinsic value, and no great assurance that the phantom technology can indeed do what it is purported to do.
I am, however, always open to possible persuation, if the facts warrants it.
Zeev |
