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


To: Tralornik who wrote (1487)3/19/1998 9:29:00 PM
From: Zakattack  Respond to of 1901
 
Fair enough... My apologies to you for jumping to conclusions.
BTW, I didn't do anything special to post your profile. It's already available by clicking on your name!

Regards,
Z

P.S. If you wanted a chance at recovering some of your losses here, meet me at the BANY thread. You'll get the picture if you read from post #953 on: Message 3723476



To: Tralornik who wrote (1487)3/19/1998 10:22:00 PM
From: don denson  Read Replies (1) | Respond to of 1901
 
TRALORNIK:

Be cool dude! You are one of the few, the nervy, willing to join in this one. You've got a lot of DD to do to get up with us on this story. But, I'll cut you slack- that's the way I've been doing things for the last 3 years or so.

There's two clear cut groups vying now for control of this company. Hell, we invested, thinking it was run by a Board concerned with shareholder interests. A couple of weeks ago, we got confirmation that the Board was forced to vote against our interests. Supposedly, they were forced to do so by an insider group, managers within the company, with an ultimatum of "do it or else, you have no other choice". This caught most of us by surprise (except Mr. Stern who voiced concerns months back regarding these issues that have come to a head- be careful treading on his posts). Regarding Mr. Stern, he spent a good deal of time convincing us (to little avail) of the highly suspicious nature of company management behavior months back. It is regretful that more of us (including myself) didn't followup on his warnings.

The insider group, who have expressed no concern for shareholder interests, or a "business case" for what they are truly up to, must be held suspect until they do so. The facts that have been laid out so far, are tending to make it much clearer that we have to assume that a legal defense is a must at this time. Some of your fellow shareholders have contributed to a (legal) defense fund- its very popular these days. We've already gotten our money's worth from it in a very meaningful way. Yes, check it out- who is helping us, etc. and if you feel its worth your time and money, join in. You've probably got thousands invested in the stock, what's a few more hundred in this cause.

Actually it is good to see a little new blood here. I would assume that you will be averaging up from here when we get back on track. But we have a ways to go. There is tremendous value in IMS and its creations. It existed for over 10 years as it built up this value. It is laying dormant and literally untapped (for many reasons). The current "old" shareholders supported this activity through the marketplace and enabled all this value to be created. Now through bad luck, and what is being unvailed as an elaborate plan indeed, we must do battle to assert our rights to the value that we hold shares in. I would say that the other side (who would take the company private- under their silent, secretive control) will control this value to their own purposes. If there EVER was an occasion for government to step up to the plate and justify its place- it is with this wholly unnecessary and unfair situation.

We need to expect dilution of share value in the future. That will be necessary to overcome the debt which exists and promote the growth ahead. But the dilution coming from allowing the company to be taken private will be extraordinary. We can't let it happen- and we need to continue urging government intervention to set things right within the law. - The law established to protect common shareholders (read - us little guys) interests in PUBLIC companies! Hell, if this case doesn't lend itself to investigation what case does?? There are great potential revenues at stake- thats why the other side is moving so fast.

Hope something above has filled you in. This is why we are doing what we can. Now, can we count on you?

DD