IMGX, currently $3.50 Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : IMGX, currently $3.50

IMGX 0.0001000

0.0%

Oct 28 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jay Morrison who wrote (604)	2/24/1998 1:28:00 PM
From: George Young	Read Replies (1) of 665

Jay and company, I'm still smarting from the fact that the rest of my portfolio is enjoying a nice upsurge with the market and I still need IMGX to grow about 100% for me to break even! Anyhow, I'm trying to justify to myself why I should stay with this stock after over a year of nothing but pain. I'd appreciate feedback from others who follow this board. I took the last 8 quarters of US revenue to come up with the following: 1996 Q1 Q2 Q3 Q4 US Rev $4.3m $4.0 $5.5 $5.9 Loss/shr$.34 $.35 $.22 $.13 1997 US Rev $5.5 $5.0 $6.5 $7.4 Loss/shr$.15 $.18 $.18 $.04 Pipeline$45M $71M $81M $87M US revenue went up in every quarter over 1996. The loss is smallest in their history and their cash reserves did not decrease in Q4. It concerns me that Leto would be happy with $7.5M in Q198 because if you look at the 1996 and 1997 trends, Q2 is their worst quarter. That means we are looking at 9 months before we see profitibility if we are to believe the historical trends. I think the long term trend is in the right direction and Leto has turned this company around. However, the stock looks like dead money to me for the next 6 to 9 months barring unforeseen revenue. Should I sell now and buy back in 6 months? I've already lost about $20k on this stock and although I believe in it, I could've made a lot of that back had I moved the money elsewhere. Thanks in advance for everyone's thoughts. George

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next