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Microcap & Penny Stocks : IMDS nasdaq bulletin board

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To: Paul Vinarub who wrote (1564)	7/31/1998 9:43:00 PM
From: Labrador	Read Replies (1) of 4122

So it appears that these preferred shareholders may not really be investing in the "promise" of the company's product. Rather, maybe they are just buying the preferred stock for the guaranteed profit that they get given the floating conversion price at a 20-30% discount. Of course, this type of dilution really just comes out of the hide of the public shareholders, as these offerings steal value from the public. Soon there will be 100 million shares outstanding. Do you realize that these preferred shareholders are brand new investors in IMDS. Do you realize that the Series H preferred shares are for the $15 million of line of credit -- I suspect that the consortium of prominent European banking institutions has not even put up a dollar yet. By the way, I am heading for a week's vacation (sold a few Microsoft shares). I won't be monitoring this board, but I will monitor the share price. Any guesses where the stock price may be heading as a consequence of this registration statement? Good luck to all you IMDS shareholders.

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