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Microcap & Penny Stocks : IMGX, currently $3.50 -- Ignore unavailable to you. Want to Upgrade?

To: Jay Morrison who wrote (604)	2/20/1998 2:17:00 AM
From: Michael Sphar	Respond to of 665

Thanks Jay, Still watching, still interested.

To: Jay Morrison who wrote (604)	2/20/1998 1:41:00 PM
From: John Morelli	Respond to of 665

Was the subject of share ownership touched on i.e., are they buying (I assume not)? From your comments I infer that IMGX will not break even in Q1 or Q2? I wonder how their first quarter sales projection ($7.5MM) compares to Q1 1997 - hopefully it is 20% above (I don't have their quarterly numbers with me as I write this). Did they mention whether they are going to do anything to promote the company among select institutional investors? I think their financial institution customer was American Express if I recall correctly. The FI market should be big I would have thought they would have a few more prospects by now.

To: Jay Morrison who wrote (604)	2/24/1998 1:28:00 PM
From: George Young	Read Replies (1) \| Respond to of 665

Jay and company, I'm still smarting from the fact that the rest of my portfolio is enjoying a nice upsurge with the market and I still need IMGX to grow about 100% for me to break even! Anyhow, I'm trying to justify to myself why I should stay with this stock after over a year of nothing but pain. I'd appreciate feedback from others who follow this board. I took the last 8 quarters of US revenue to come up with the following: 1996 Q1 Q2 Q3 Q4 US Rev $4.3m $4.0 $5.5 $5.9 Loss/shr$.34 $.35 $.22 $.13 1997 US Rev $5.5 $5.0 $6.5 $7.4 Loss/shr$.15 $.18 $.18 $.04 Pipeline$45M $71M $81M $87M US revenue went up in every quarter over 1996. The loss is smallest in their history and their cash reserves did not decrease in Q4. It concerns me that Leto would be happy with $7.5M in Q198 because if you look at the 1996 and 1997 trends, Q2 is their worst quarter. That means we are looking at 9 months before we see profitibility if we are to believe the historical trends. I think the long term trend is in the right direction and Leto has turned this company around. However, the stock looks like dead money to me for the next 6 to 9 months barring unforeseen revenue. Should I sell now and buy back in 6 months? I've already lost about $20k on this stock and although I believe in it, I could've made a lot of that back had I moved the money elsewhere. Thanks in advance for everyone's thoughts. George