Wiley,
Another example of net stock insanity.....
This may be off topic a bit, but I was doing some stock idea research and stumbled across IMON. Apparently one of the newly discovered net stocks.
Friday, 15 Jan
Volume UP 33,000% (Thirty-Three THOUSAND Percent)
Share Value UP 200%
Market Cap $40MM
Outstanding Shares: 7 million (24 million shares traded on Friday)
I couldn't even begin to guess with any confidence whether this stock is going to go up another 200% or drop down to the original value...In fact, both could occur on Tuesday! The chart is a beauty to behold.
clearstation.com
Now for the Company Profile:
"ImaginOn, Inc. sub-licenses in-line skates, related protective gear and accessories from Playmaker and Kemper, and snowboards & related accessories from Front 500.
For the 9 months ended 9/98, revenues fell from $8.8M to zero. Net loss before extra. item fell 47% to $1.9M. Revenues reflect the sale and/or disposal of all operations as the Company plans to acquire an internet concern. Lower loss lagged from lack of a similar drop in S/G/A and related expenses."
and the lead par. of the most recent press release:
"GREER, S.C., Jan. 12 /PRNewswire/ -- ImaginOn, Inc., (Nasdaq: IMON) announced today that ImaginOn.com will release on January 29, 1999, the Internet's first "Supra-Search Engine" -- WebZinger(TM) 6.00. Unlike anything before it, WebZinger 6.00 is all-in-one Web software, doing the whole job for Internet researchers searching, locating, downloading, formatting, presenting and browsing. WebZinger 6.00 is like having a research assistant who is Web-savvy, capable of delivering a multimedia report complete with text, pictures, video and audio on any topic, anytime you need it. ..."
Best Regards,
Jim |
