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Strategies & Market Trends : The Transparent Flamingo -- Ignore unavailable to you. Want to Upgrade?

To: im a survivor who wrote (86)	3/7/2006 7:06:40 AM
From: rrufff	Read Replies (1) \| Respond to of 354

Re IPMG - that is one that a PR from the CEO would be a good thing. The company lost some credibility and gave fodder to professional bashers with an IR that apparently copied language from another company's PR's. I never figured out whether the IR people represented both companies or not, but it clearly hurt IPMG. I called the CEO sometime after that and urged him to take the "transparent" route. He seemed to agree with me and indicate that their business plan was very much on track. However, we haven't had much by way of information. Perhaps, he felt that he was burned by IR promotion and would now just sit back and do very little communication. So, the lesson for that is not to stop all communications. Personally, i would avoid any promotion that results in the issuance and immediate dumping of shares. It's just foolish. I'm often amazed at what some of these outfits get in terms of dollars and shares. The PR's are often mediocre fluff at best. One good thing about message boards is that people now see "fluff" PR's as a negative. Paying for "fluff" PR's with shares that are dumped seems to be about as stupid a thing as any that a company can do. If I were revising the regulatory structure, I would require a holding period for promotion of 2 years for any shares. Put this together with a prohibition against advance dumping shares into convertible, or otherwise toxic, financing, dumping of shares without advance disclosure by the company or insiders, would go a long way to create an environment that is more fair for retail investors. Of course, all of this would require changes in the roles of MM's and efficient regulation of hedge funds and shorting. But don't get me started ,,,,,,,, LOL