You like that runup in ONSL? Now try IMAL. This stock could triple in one day. IMAL is about to be discovered. For anyone new to the company, here is a little background:
Todays close was 12 5/8, and given the huge runups in far less superior companies like
BAMM and SHRP, IMAL could easily run to 30 in one day. It is 72% insider owned,
no stock available....What do they do? Read below:
The Company operates the largest shopping mall on the Internet, located at
imall.com, and recently launched its Internet shopping portal, located at
stuff.com.
IMAL is a pioneer in electronic commerce services, enables and supports small- and
medium-sized businesses in their effort to cost-effectively engage in electronic
commerce through the use of iMALL's(IMAL) proprietary e-commerce tools and
services. iMALL (IMAL) offers its e-commerce services directly to merchants, as well
as through partnerships with leading ISPs, Web hosting firms, and financial service
companies with an Internet focus.
First Data Merchant Services Corporation (FDMS), a subsidiary of First Data
Corporation (NYSE:FDC - news) has purchased a $14 million equity stake in iMALL
at $7.00 per share, consisting of an initial investment of $10.8 million and an additional
$3.2 million subject to iMALL shareholder approval. The companies also agreed to
jointly offer a full array of Internet commerce solutions to FDMS' clients and their nearly 2 million merchants. Under terms of the 10-year agreement, FDMS and iMALL will
jointly market turnkey solutions providing
comprehensive Internet services including storefront design and building, site hosting,
payment-enabling electronic commerce
functionality and online merchant application processing.
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