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

To: judge who wrote (1002)	1/26/1999 3:20:00 AM
From: mchip	Respond to of 2220

judge, have you used IMON's software? I have. I don't understand it's appeal, but that never relates to the price of the stock. This pup may spike... but it will be back to pennies in no time.

To: judge who wrote (1002)	1/26/1999 3:52:00 AM
From: mchip	Respond to of 2220

judge, I agree any post on SI should be taken at face value. After reading edgar-online.com I'm a little scared about the "face value" of IMON. And as I said previously, I've used the software. Convertible Debenture... "is based upon a conversion ratio which is $1,000 divided by 65% of the closing bid price of the Common Stock on NASDAQ averaged over the five trading days immediately prior to the date of conversion. The closing bid price of the Common Stock was $1.00 per share on September 1, 1998, the date immediately prior to the original filing of the Registration " read on from there.. it sounds floorless. And then... "Investment in the Shares offered hereby involves a high degree of risk, including the limited operating history of the Company and competition. Investors should carefully consider the various risk factors before investing in the Shares. " <--- well that is standard disclosure "The shares of Common Stock offered hereby are highly speculative and involve a high degree of risk. The following risk factors should be considered carefully in addition to the other information in this Prospectus before purchasing the shares of Common Stock offered hereby. " <--- more boilerplate but then.... "Limited Operations. The Company and ImaginOn have limited business operations. The Company is currently receiving income from sub-licenses it has entered into regarding the use of the Kemper name and trademark for which it has a license. The Company also licenses the California Pro name and trademark and is pursuing entering into sub-licenses. The Company has received no commitment from any party for such sub-license and there can be no assurance that a sub-license will be entered into." <--- ok.. but no internet there, and no revenue guarantees either (from base biz) "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." <-- Ok.. so no more base Biz that was valued at .5. "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." I don't think I need to continue. Get the software, try it. If you think the BAD (my opinion) web searching software it good, by all means believe IMON will go higher and stay. I've seen better software from more moderately priced companies.