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Technology Stocks : IMON - Quoted from Barron's Corporate Reports -- Ignore unavailable to you. Want to Upgrade?


To: Louis Cornell who wrote (495)1/18/1999 4:39:00 PM
From: xcr600  Read Replies (1) | Respond to of 2220
 
Does this sound like something you'd want to invest in?

edgar-online.com
Through June 30, 1998 ImaginOn has had no
significant revenues and had a loss from operation of $946,512 and $930,754 for
the year ended December 31, 1997 and six months ended June 30, 1998,
respectively.

No Inventories. The Company has liquidated its remaining inventory and,
therefore, it does not maintain, nor does it intend to accumulate, an inventory
of in-line skate, snowboard or hockey products.

Working Capital Shortages and Operating Losses. Recently, the Company has
generated significant operating losses and has failed to generate positive cash
flow. As a result, the Company has, and continue to experience, shortages of
working capital to fund day to day operations. ImaginOn also has generated
significant operating losses and has failed to generate positive cash flow.

The shortages of working capital and insufficient cash flow have, from time
to time, prevented the Company from making prompt payment of current
obligations. As a result, the Company is subject to numerous claims for
collection of past due amounts and are past due on certain of its debt
obligations.


Limited Capitalization. The Company and ImaginOn have only limited financing
available to it and is dependent on significant additional financing being
available to continue as a going concern.



To: Louis Cornell who wrote (495)1/18/1999 4:46:00 PM
From: StockDung  Respond to of 2220
 
I was thinking of buying the stock Louis but then I started running into their dirty past. Could you find out if the company has any additional paid stock promoters running up a tab. While you are speaking to the CEO could you ask him if he is going to be filing any 144's with the SEC. Also now that they have merged are they going to pay off that paid tout stock promotion company Liberty Capital Group? Whats $100,000 and 233,000 shares anyway. Seems like they should just pay them off and avoid the bad press. Hell they were touting CALP up to the very last day. They were even touting IMON. Don't you think they did a good job? Look at the stock price. Seems they should pay this tout. Go to the CALP message board and you will see what I mean. Liberty Capital Group ( The paid tout) even started that board. Who knows how many Liberty Capital Group people are posting on this board. They seem very good at it. And that Rhino person that started this thread. Seems like he knew allot. He just became a member so he could post on IMON. Sounds fishy. Could it be he might be a patent attorney? I don't know.

floyd