IMGX, currently $3.50 Message Board

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Microcap & Penny Stocks : IMGX, currently $3.50

IMGX 0.0001000

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Oct 28 5:00 PM EST

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To: Michael Sphar who wrote (515)	11/15/1997 10:18:00 PM
From: Jay Morrison	Read Replies (1) of 665

<<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.>> They have to convert the preferred stock. If they let it keep going without being converted, and the dividends going unpaid, before long the preffered stock holders would own the entire company. Jay

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