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Microcap & Penny Stocks : IMES

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To: Gary Stern who wrote (1396)2/26/1998 1:07:00 AM
From: Buy Low Sell Hi  Read Replies (2) of 1901
 
Right now, there are two things which could happen to IMES:

1) Someone will buy out the intellectual property rights for next to nothing

or

2) The stock price will go to $0 and you will never hear from them again

In either case, if you still own IMES stock and hope to ever get any of your money back, forget it. The company hoped to deliver a product which never materialized. Their technical expertise wasn't up to the task. Any market opportunity they once had is gone for good. There were never any guarantees, read the SEC documents, every one was littered with disclaimers. If you don't like what is happening now, then stay away from penny stocks in the future.

There is no conspiracy. Big talk about a class action lawsuit is silly. The patents are not worth anything. The share price is a true indication of the real value of IMES technology. I refuse to believe all this was caused by a management problem, other than management having too much faith in their technical staff. Let's face it, either you can make a chip or you cannot make a chip. IMES could not make a chip.

BLSH
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