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

To: don denson who wrote (1489)	3/20/1998 1:05:00 AM
From: Tralornik	Respond to of 1901

To answer your question, I am still on the fence regarding getting involved. I guess I just don't see what defense we can possibly have when we are working against the majority shareholders (I assume the officers are the majority shareholders). Along those same lines I am still wondering what the SEC position was when/if anyone here contacted them. Regarding Mr. Stern, I didn't even post the original message to him, nor did I attack him. He may very well have seen this coming and tried to warn everyone, but that doesn't give him the right to attack/insult me or anyone who simply questions a given post. The post was prompting investors sitting on the sidelines to get involved, that's all I thought I was doing. To others of you on the sidelines, you are allowed a 4 week trial of Silicon Investor, to post messages, for free - there doesn't seem to be any automatic signup at the end of the trial period. Take a second, join in, try the service, get involved in this, it's very easy to use the trial, I was posting my first message in a couple of minutes. If you own IMES stock, asking the questions you have could ultimatley effect the outcome of what is probably (like me) one of the worst outcomes of any investment you've ever made. On with the issues: I read an article once when another penny stock went through the roof and crashed, it said that there was little chance of getting any significant $$, although they did give a contact to get involved in that (I didn't own that one, thankfully). I realize that that company didn't seem to have nearly the assets of IMS, assuming what has been posted here about there value is correct (My opinion is that there value should be substancial). It's just tough to see what recourse and legal standing we can have against the officers, major shareholders(again, read officers), and this insider group (who are they exactly?). Two other things that I just want to point out: 1) Not that this is necessarily my position in the stock, but say an investor bought 2000 shares at a $1.00. Right now those shares are worth about $100 to $120. It would be hard to see that an investor would dump the only money he has left in the stock into a possibly futile effort to recover damages. (Now, by possibly futile I mean that there is at least a chance of no resolution in our favor.) It would be a tough call for that investor to get involved. Perhaps you guys are only concerned with larger position investors, but in my opinion, making a case to these guys is where the true $$ may come from (just by the mere fact that there are more of them which means greater $$ and the fact the firm will represent a larger group of people, which may give us the power in headcount that we lack in shares (considering the positions of the officers)) 2. Now, assuming that alot of investors have gotten or will get involved the money going to this firm could be rather significant. Even just 100 investors would create a reatainer (is that what it's for?) of $10,000. Just 1000 investors would create $100,000 dollars. This is a serious amount of cash going to this firm to fight this cause. One other question is why aren't the lawyers working on this based on a commission should they win? I thought that was a common practice. That was why I wanted to know how many investors have participated and also how much power we have in total # of shares. I assume that you are working with this firm, could you post the answers to those questions? If the number is significant, simply posting that info could get the boards attention. (In my opinion, I would assume they are privy to and reading all that is being written in this thread). It would also give the rest of us enough info to determine if we can possibly be a force in defending our investments. Even if the numbers are low, this may inspire others to take up the cause. You guys have been seeing the writing on the wall for far longer than the rest of us, I would suspect that the number of investors scanning these pages has increased dramatically since the loss of the 2nd offer. We are still somewhat in the dark and need a reason to believe that the $100 is not just dumping good money after bad. Don, Regardless of what my decision will ultimately be, I just want to thank you for giving my questions some thought and consideration. Not to mention spelling my name/handle correctly :) To recap, these are my questions (to you or anyone who doesn't feel the need to slam me for asking them): 1) What is the firm's gameplan going forward? Seeing the past effect and future plans for attack may help the rest of see the advantage of having our money work for us (for a change). 2) How many investors are involved? 3) How many shares do those investors represent? 4) How much money has been collected so far? 5) What's the goal amounts we are aiming for? (In dollars collected, investors to represent, and shares to represent) 6) What are the deadlines we are faced with to coming together as group? (Or does that even enter the picture?) 7) Who is this insider group? 8) What are our realistic chances to win, and if we win, what do we win exactly? Thanks to all who have and will share in the answering of the above. PS. (Don, what did the DD in "I've got alot of DD to do" stand for? deep digging?)