Dear IMES'ers and the IMS STAFF:
I'm a little more interested in things that are happening to the company than some investors probably. I would like to see the best happen for the company and all concerned. And more to the point, because of my age and work position, I have time to follow a lot of detail (especially since I live in Texas).
If I had the chance, the opportunity to talk in front of you about what has happened to our company and our common interests I bet I would take a different approach from what you have heard lately.
Some would say that what has happened ought to be laid at the foot of the Board. And since we elected them to shepherd the company, if they fail, we fail. Fine, that's the way it is, especially for investors.
Who made up the Board thru last year and into this year? You know the names, and if you are still reading this thread, you certainly ought to know them very well by now. All those men are responsible for the condition (the financial condition) the company is in now. Maybe in different ways, we are still seeking the truth, and it is slowly unfolding before us. But it is fair to say that they ALL had a part in this dilemma. Do you really care to pick and choose your "least worst" player? We voted in a slate of defunct managers last year, unfortunately. They were at odds to one another, we know now, all last year. And, this year they took it out on the company, in an obviously "odd" and unsatisfactory manner. The lack of character and integrity across the board is stunning! Do you really want to sustain any of them in these roles to guide your future interests in any way? Doesn't take much thought in my opinion. As always, this open forum is ready to receive differing opinions, so please reply if you like.
Were I in front of the room talking to the staff, I would express the above opinion. Then, I would lay out an alternative plan or approach. Of course, the company has to be put on much better financial footing. A lot has to be corrected from the mis-management by every Board member (IMHO). This will take funding from a committed source, an industry leader that knows your accomplishments. And you have made some serious strides forward in this technology that keeps us all intrigued! And that includes known industry leaders.
New, top-knotch leadership is what we will all expect. You can bet a new start will wipe out the hidden agendas and back door negotiations.
Investors gave the Board, all members of the Board, last year plenty of grace in exercising the terms of the "quiet period". It was utterly abused by all members of the Board (IMHO). This communications policy will be ended completely, company investors will insist on it. It is the proper way to conduct legitimate business, period.
I don't have a forum, other than this to come before you. It would be terrific if investors could come into the IMS shop and talk in open and frank discussion about the future of IMS. Do you think it would be possible? I know your answer. Give that a little extra thought.
Many of us have backed the company for years. There are some investors in IMS that I have met personally, great believers in your success, that have been with the company for almost 10 years. After years of honest support to get the company to revenue production, we remain committed to seeing the task through. I know you would do the same were you in our shoes.
As you look to new leadership for the future, for your future, take all things into consideration. What is right and fair, and who should receive your trust? Who has earned your trust?
DD
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