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Microcap & Penny Stocks : DROM - Interactive Media
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To: Jeffrey Beckman who wrote (91)9/14/1996 9:58:00 PM
From: Kerry C. Smith   of 638
 
I had two more conversations with a high level official of IMP yesterday. They have no idea why the stock dropped. He assured me that they have the working capital to hold them until these kiosk projects come on line. The follow up meeting with the bowling association is Wednesday. That project has a possible 3200 kiosks. They have focused so much on the golf project that they have not persued the college projects as much as they should have. They assured me that will change immediately. They met with the Baltimore Ravens on Monday. The Ravens are intereted in putting the kiosks around Baltimore to promote the team. The reason that I was talking with him is that I had a chance to pitch the tech to the President of the Texas Rangers on THursday. They are commisioning a sculpture of Nolan Ryan at their new 196 million dollar stadium. I have suggested the idea of a kiosk just on Nolan's career near the statue. Their is really no reason for these people to decline. The reason is either they can buy the kiosks and sell the ads or IMP will install the kiosks for free and sell the ads themselves. The sponsors are apparently all lined up for the golf kiosks.One person posted that he was concerned about bankruptcy because of the price, however I haven't found anything in my file to indicate that they have any debt right now. I forgot to ask about it Friday.I will be anxious to see the numbers this week, I think that they will calm things down a bit and help this co. build a base from which they should emerge higher.
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