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Microcap & Penny Stocks : IMES
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To: Tralornik who wrote (1483)3/20/1998 2:26:00 PM
From: Kenneth  Read Replies (1) of 1901
 
"Who in their right mind would send a check for $100 to some lawyers to act on their behalf?"

Tralomik, you're absolutely right! Nobody should just read this thread about some lawyers representing the investors and send in a cheque right away without finding out more details. I did. I called and talked to one of the lawyers at the firm and I believe I have made the right decision to send the money in. I suggest everbody call the lawyers and decide whether or not to send in any money.

"What chance do we have when the officer(s) hold so many shares?" If the officers have commited a crime, it really doesn't matter how many shares they own. If we win the case and get compensated, that's great. If I cannot get my money back, at least I can teach those bastards a big lesson and that's all I care. Everybody has to make their own choices but it is hard for me to believe that someone will do nothing just because he thinks that nothing can be done.

I believe all the investors are on the same boat and should not fight against each other but the IMES management board.

I just don't understand why Cadence has not stepped in to help IMES. If they are willing to loan IMES some softwares worth millions of dollars, they should be able to come up with the needed financing.
That really puzzles me. IMES could have sold CDN the exclusive right for the IMSLIB for millions, instead they chose to sell everything for a mere $135K. Damn, my headache's back!

Sincerely.
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