Here is today's update from Hotstocks @Wall Street. Although its a start, more should have been stated about what a long term holder of IMEA stock that Mark at Stocks For Tomorrow is. He held his stock when
it was $3-4 which would have been a $500,000 payday. I would not have the guts to do that. I would have been long gone.
Kids ... we have seen the lock-up letters and want to commend Mark and Tod
for voluntarily doing this to help this stock rock and roll now. The
stock flowing into the market was Tim Murray's ... he needed to sell at all
costs --- he was selling last Friday his last shares at about 70-cents (!),
in order to avoid having his shares frozen, as the company tried to do, or
as the Feds might have tried to do after he was arrested in the sting
operation. The company was supposed to get a major 4-color mailing out of
his 'Opportunist' Magazine, but that will never be done. However, it's
water under the bridge, and the following will appear in SGA Goldstar and
we will reiterate it on HotStocks@STreetLevel for Thursday morning!
Please note that the lock-up letters show that neither Tod's nor Mark's S8
shares had been sold, and now will not be sold before January, 1997. Mark
indicates he was unaware of either Murray's stock or Lotz' stock at the
time of his previous writings, and everyone concerned feels it would be
useful if those using the threads on IMEA and ADLP on Silicon Investors,
begin now to support Mark's efforts as the Kid joins the new campaign to
reach our target of 2-1/2 to 3. Many of the IMEA shareholders have
averaged down, and will be doing so tomorrow morning, and many others who
had sold will be repurchasing.
Barry Ross, who helped to finalize this understanding, is a very cautious
investor and had brought the initial problems to our attention. He has
bought 5,000 shares in this new campaign. I also bought 1,000 shares at
$1.25 so that I share any risk.
Thanks again to Mark and Tod ... more on that later, but for now, we take
our cues from the following:
Mark Schultz wrote:
>
> STOCKS FOR TOMORROW 10-23-96
>
> For as badly as the NASDAQ market has been getting whacked lately, our
> small stocks have been holding up fairly well over the past week.
>
> IMAGICA ENTERTAINMENT (IMEA) 1 9/16. The stock has started to rebound in
> this down market and I think that rally will start to accellerate this
> week. As we had mentioned in the 10-7-96 update there was an discrepancy
> on the number of shares in the float.
The number of shares outstanding are at 3,038,070 and between 1.1 and 1.2
million in the float. As of
> 10-17-96 only 750,000 shares are in Depository Trust (DTC) which is the
> stock in brokerage accounts. One of the consultants blew his stock into
> the market and was responsible for most of the down move. Tod Lotz and
> myself have voluntarily tied up our stock until at least Jan.1,1997. Both
> technically and fundamentally the stock looks like it is ready to move
> up.
Moving above 1 3/8 will take the stock to the 2 1/4 - 3/8 breakout
> area. Remember with Imagica Entertainment you also get Larry Mitchell
> Productions, which is a film animation and production company . Larry
> Mitchell is developing a computer animated one hour television pilot and
> 26 half hour episodes for a television series called W.I.N.G.S. ANGELA
> which will be broadcast on Channel America. IMEA and Channel America will
> also split all of the revenues from the distribution and merchandising of
> W.I.N.G.S. ANGELA. There are several agreements pending for licensing of
> W.I.N.G.S. ANGELA. We expect those revenues in the first or second
> quarter of 1997. This is an excellent groundfloor opportunity.
TD
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