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Microcap & Penny Stocks : IMES -- Ignore unavailable to you. Want to Upgrade?

To: Wayne Anderson who wrote (1331)	2/7/1998 7:19:00 PM
From: don denson	Respond to of 1901

Hello Wayne, The thread is a little "bare" this weekend, just you and me. Let me comment back on some of my beliefs at this point, following your post by-lines: I'm disgruntled too, but then I vacillate between that and elation- that's the lot of the speculator (which for now and some time to come will continue to be the fate of your run-of-the-mill IMESer). I'll bet there is more than one reason for the share price to be down now in addition to the company needing money. Like you said, the market maker guys are playing their penny stock games (look at that 0.50 buy last week, wow). They have not just "now" run out of money, they have been struggling all along, so what's new. Its hell to be a startup, period. (10 years long!). The former underwriter is out, true, but my feeling is that another one is lined up or in the wings if my research pans out. But what's the hurry? IMHO, the secondary offering was for IMS to continue as an R&D outfit in large part. Hey, maybe we are moving away from that now. If so, maybe we don't need to approach financing that way anymore. The delay in deciding about the offering is putting us in a bind, no doubt. But, if I were looking at it, I might not be so hasty either. Maybe we don't need all that 25mil now. Maybe less will do, and readily available through normal loan channels (if you have work and revenue lined up for this year). Private placement funding seems to be a suitable option now to me. Success in achieving normal business funding would take us out of the bind, and into open marketing and information channels. The effect would be immediate. Shorts beware! I have participated in a short squeeze in the past, on the long side. It is a lovely time. You savor the reward as payment for all those months the bastards were trimming your sails. To this end, the company is way-undervalued. If the vail is lifted, normal calculations of value can begin (the penny stock players will have to fall in line). I'm not sure if I held sizeable options with the co for stock as an employee or director, etc, that I would find it necessary to accumulate more. The big job is to get back over a buck again (and beyond) so those prior agreements will have ever-increasing value for their holders (more power to em). One thing we can agree on (as you say) is that only when things are in writing will any of this truly be believable. Until then, we are just plain ol speculators. Man am I looking for the day when we can debate out "the news" and latest releases right here!! The co may be low on dough, but I don't hear about anybody leaving? Think those guys in the middle of it all know something? Speculator/share-holder, DD

To: Wayne Anderson who wrote (1331)	2/8/1998 6:58:00 AM
From: Greg Werner	Read Replies (1) \| Respond to of 1901

Wayne......... I've noticed that things generally start hoppin' when you show up here. Let's hope that trend continues. Part of the answer about changes in ownership may be answered in the last 10Q filed by the company. Not sure if this directly relates to your point, but here it is. << Section 382 of the Internal Revenue Code of 1986, as amended, and regulations issued thereunder, impose limitations on the ability of corporations to use NOLs if the corporation experiences a more than 50% change in ownership during certain periods. The determination of whether an ownership change within the meaning of Section 382 has occurred during the most recent period has not yet been made. The detailed information necessary to determine testing dates and percentage ownership increases of five percent owners, if any, is not readily available; therefore, a determination of the testing dates and percentage ownership increases will not be made until the NOL is ready to be utilized.>> Nice to hear from you. Greg Werner