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

To: Luton who wrote (1549)	3/24/1998 10:42:00 PM
From: don denson	Respond to of 1901

I was talking to another IMS shareholder today about what he/us believe is the truth about IMS. You know you can get different opinions from different sources. Someone pointed out that Dr. Hoevel values co assets around 1/2 mil if I got it correct. My, my, that's a long way from what we thought looking forward at the first of this year. Even the market at this crazy level is giving us more credit than that. You can get a fairly good picture of things from those like Tom Childs who have been following the company closely for many, many years. We thought this time last year when Dr. Hoevel hired on as President that we would be turning a corner. We did apparently. He did a strange job here for the company over the last year. Is there some reason to expect anything different during the coming year? Like I said, where is the truth here? You know you hear a lot about Mr. Smith's judgement during the last year. But, of course, he was not alone on the Board. My attitude is to show a bit of grace toward him. He kept things up and going for 10 years. We really hired Dr. Hoevel to do the final push for the company. Course, anybody out there who would like to show their version of the truth- I'll be happy to hear it. Let it all hang out. As far as the value of IMS at this point- why would these firms be signing contracts if we didn't have any capability? If we do, as a public company we ought to be given a chance of funding these activities and sharing in whatever success/failure comes along. Of course, it takes a little time to develop a business plan and attract support (especially when you are under an 8-K). I think there's a case to be made for new leadership all the way around. New slate, new start. The court ought to give that some consideration as they assess where the truth is, and what the players did in bringing us to where we are today as a public company. DD