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Microcap & Penny Stocks : IMES
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To: snowman49 who wrote (1450)3/13/1998 5:35:00 PM
From: Greg Werner  Read Replies (2) of 1901
 
Latest rumors.........

If the latest rumors are true, every shareholder needs to examine their own position and decide whether or not to take action. To me this has always been a fairly activist board. We now seem to be falling apart and sitting on our thumbs precisely when action needs to be taken. Let me see if this changes your mind.

The rumor mill would indicate that certain executives of this company are in the process of taking your company away from you. There may already be a corporation set up that will inherit all of the intellectual property that IMES owns. It is possible that employees are already being transferred to this corporation in the anticipation of the bankruptcy plan being rammed down our throats. You and I will be left owning little or none of the new private company.

"But what can I do?", you might ask. Here are some suggestions.

1) The legal fund that Rich mentioned earlier will be used to battle any predatory actions by officers or board members of this company. Please consider contributing at least $100 to this fund. Tom Childs and his group have already gone out of pocket thousands of dollars fielding calls from shareholders and retaining an attorney to assist you and I.

2) Get the word out to all shareholders. We are definitely going to get fleeced if we bury our heads in the sand.

3) Call your elected officials and get them involved.

4) Call the SEC.

5) Call the Attorney General's office in your own state or in Texas.

On the other hand if you are willing to accept 2 or 3 cents for each of your shares, bend over and let the scammers give it to you.

Greg Werner
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