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Microcap & Penny Stocks : IMGX, currently $3.50
IMGX 0.00010000.0%Oct 28 5:00 PM EST

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To: Jay Morrison who wrote (512)11/15/1997 6:33:00 PM
From: Michael Sphar  Read Replies (1) of 665
 
FYI, Here's a nice webpage to see reported Insider trades.

insidertrader.com

BTW it shows about 4K shares being acquired recently, not much in $ value, but at least no reported sales. Insiders may be restricted during this time period due to SEC rules pertaining to Monday's Restructuring Vote/Meeting.

In the S-4, there's a table indicating that the float has more than tripled since 1993 growing from 7 million to today over 25 million, this inflation of shares has been a major source of value dilution to long term holders. Monday's vote will give holders of Class A Preferred Stock a 16% stake of outstanding common stock. I sure hope this is a good thing for future stock price performance. So far, holding this stock long term has been a surefire way to lose net worth.
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