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Microcap & Penny Stocks : IMES
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To: Wayne Anderson who wrote (1331)2/8/1998 6:58:00 AM
From: Greg Werner  Read Replies (1) of 1901
 
Wayne.........

I've noticed that things generally start hoppin' when you show up here. Let's hope that trend continues. Part of the answer about changes in ownership may be answered in the last 10Q filed by the company. Not sure if this directly relates to your point, but here it is.

<< Section 382 of the Internal Revenue Code of 1986, as amended, and regulations issued thereunder, impose limitations on the ability of corporations to use NOLs if the corporation experiences a more than 50% change in ownership during certain periods. The determination of whether an ownership change within the meaning of Section 382 has occurred during the most recent period has not yet been made. The detailed information necessary to determine testing dates and percentage ownership increases of five percent owners, if any, is not readily available; therefore, a determination of the testing dates and percentage ownership increases will not be made until the NOL is ready to be utilized.>>

Nice to hear from you.

Greg Werner
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