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Microcap & Penny Stocks : DROM - Interactive Media

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To: RAY WACLAWSKY who wrote (379)12/6/1996 9:45:00 PM
From: Robert Wolfrey   of 638
 
Ray,
I'm in the same position as you. Based on all the possitive BS I was getting from Mr. Schumacker I continued to add to my holdings. He also promised financial statements. This was back during the meeting with the golf people. I also agree with your assessment of Mr. Schumacker

Once when I contacted IMP I asked to speak with someone in their accounting department and was told they had none. Not even a bookkeeper. Apparently they send their records out to a small firm. This could explain why there are no financials and why they may be in trouble with the SEC.

IMP has been one VARY EXPENSIVE EDUCATION for me I only hope I can cover the cost with my other investments.

Best of Luck
RW
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