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I hope you are right, Gerald. They are going to have to demonstrate to investors that they can take this hodge podge of ideas they have and develop a cohesive overall marketing plan. When you think about it, the diversity of the products they offer is kind of bizarre given the small size of the company. It's almost as if IMG is the weird professor in the lab with a dozen experiments going at the same time but with none of them producing any concrete results. They are into MRI for medicine, MRI for industry, SMES, HTS transformers, HTS & LTS wire and cable, super-cooled computers, FRIGC refrigerants, refrigeration sub-coolers, materials separation equipment, permanent magnets and even cryosurgery with a company whose stock is selling for less than 25 cents a share. This stuff all looks good in the press releases but will it ever show up at the bottom line ? I think Wall St. thinks this co. is floundering and unfocused and right now, I tend to agree. IMG is not going to be able to participate in all these markets with its current capital structure. It is simply too small. Some type of debt or equity financing would be required. They wouldn't be profitable right now if it weren't for the MAI and Polycold acquisitions. Just some ranting from an exhasperated investor. |
