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Microcap & Penny Stocks : IMES

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To: Dave who wrote (1805)8/19/1998 11:04:00 PM
From: don denson   of 1901
 
To IMS employees:

As we approach the end of this fiasco, I'd like to express two things:

One is a familiar refrain, IMS is, as it has been from the beginning, a public company. Managers might like to have things their way, but when they signed onto our public company they promised to behave properly within that context. That was a legal promise, with implications for ignoring same. IMS is not a private firm. If it were, things would be different I agree.

The shareholders (and the creditors in large part) have been crossed out for some time by management. We should not have been. We have legal propriety on our side, that is why we will prevail. Even with the ongoing stonewall, many financial backers have been willing to talk to our group. Now, the way must be cleared so these people can move in quickly to support the rebuilding effort- an honest, forthright and legal move back into legitimate business dealings. This is the only way things will conclude properly.

We have not quit, it is not an option for most of us.

You need to be on the right side of history on this one.

Think about it folks.

dd
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