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

To: Larry Huang who wrote (1406)	2/27/1998 7:06:00 PM
From: don denson	Read Replies (1) \| Respond to of 1901

ALL: After the slam in our IMES share price these past few days, I would suspect only the hard core holders are left here. If you have an interest in this company, our company as it were, you may want to voice your concerns and interest in the most serious way possible over the weekend or as soon as possible. Do this to the IMS Board, and to the officers of the company, as well as Bill Young and the other outside advisors that we talk to regularly. I invested in a public company here. It is still very much a public company- we have been reminded of that constantly with the SEC rules held over our head (for months). The "silence" rule has been rudely interrupted of late with news of tremendous import to us, of success. And more lately, with news of financial strife. Now its clear that management is in disarray. No sense ducking that. I've stayed on because I've been following the technology advances for months, and I'm convinced that after years of competing and searching, products and services are now ready to make our investment of time and money pay off. And, being a public company, I darn well expect that the pay-off will be in proportion to the risk and involvement shared by all concerned. Being an R&D firm all these years, it is no surprise that things have been so confusing of late. The switch to full-order revenue production takes a new batch of players/managers. And, for sure, the staff needs a new and just reward for their success (perhaps superior to anything brought forth to date). I'm for these changes in management, marketing and upgrading of staff incentives. I think you should be too. However, the mere mention of this company collapsing into failure at this point infuriates me to no end. All you folks that have invested your savings and 401K account funds, telling your friends of the superior talent and discoveries of the staff, etc.- are you going to sit through this lack of follow through without voicing complaint? I certainly respect the achievements of all on the staff who have acheived fantastic results. You are to be commended, and amply rewarded in every way possible. But I now must insist that this remain a public company. The notion that just as we get within range of success, that some might consider pulling the rug or pulling the plug is repugnant. Many of you have sat back with little to say, maybe taking a wait and see attitude. We have been asked to give the company time, remain "silent", wait for announcements, ad infinitum. Well, I for one am telling you this is no longer appropriate from this point on. If you have a contact regarding the company- you give them a call, tonight, over the weekend, Monday at the latest. The Board needs to know that we expect things to be treated in the proper manner as a public company doing business in an above board manner. Financing to move forward is available - my opinion and in the opinion of others. The idea that time has "run out" to secure this financing is strictly ludicrous. The officers and Board need to advise us fully, BEFORE, repeat BEFORE, any action is taken in this regard. We have been told repeatedly for months to adhere to "SILENCE". Well, now dammit, its the company's turn to adhere to "SILENCE", long enough to compile and report on it's efforts within the past few days or weeks to resolve this need to cover cash flow requirements. This is a basic and simple request. I feel as shareholders we are due this accounting now, not after Board decisions are made which may profoundly effect us, permanently. If you agree with me, don't let the weekend pass without saying something. The "silence" of officers and our Board allowed this unbelievable, wholly improper result to occur. Now, they must open up and let us hear the truth. That, and only that, is what I and you, should expect. Don Denson