Thanks Greg....
You have made some good suggestions. I've made a start on your list, and I hope all do the same.
Many of you have been investing in and supporting IMS for up to 10 years. The promotional piece done-up and passed around at the first of the year, pretty well spelled out the upside the company is looking at. IMSLIB and the design projects, such as this new one announced this week, show why continuing to invest in IMES was the thing to do. It was a billion dollar market the co was opening up. There should have been plenty of financial backing for this, and we have learned this week that that is quite possible. Of course, it will take time to develop the paper work. This was caused due to the collapse of the underwriter, at least in part. The Board moved the co into Ch 11 because of this supposedly. We are still sorting out the truth to this, the why's and where-fores.
We were braced for dilution with the secondary offering, that can't be denied. Under any plan now, we will see some dilution (although it seems we have taken all that is necessary- and we ought to see an end to it!).
The IMS Board should allow every consideration to come to the table during this period. Normal financial backing comes with some degree of due diligence, and I for one expect the Board to give appropriate grace to timely performance of those working in securing backing from normal banking sources before taking action. Any authority reviewing corp action in that regard ought to be interested in that.
Tonight, I'm calling on the IMS Board to end the silence on these matters and distribute the known information before passing judgement. Shareholders ought to be informed as to the alternatives, and the facts under consideration before the Board votes again. This is still a public company, and we are interested in how the company will be proceeding. Right now, no one has stepped forward to explain their reasons for their actions to date. Continuing the silence gives no recourse but to assume the worst on everyone's part.
DD
|
