Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : WR, LB and Friends. NO HYPESTERS OR SCAMMERS -- Ignore unavailable to you. Want to Upgrade?

To: rkc who wrote (865)	3/2/1999 11:11:00 AM
From: kathyh	Read Replies (2) \| Respond to of 13776

DD on IMOT Thanks guys for a great pick!!! Hi everyone, I have a hard time just jumping, I know that cost me some times, but I am jumping on IMOT, even at higher price-- here is why: Spoke with Steve Smith in IR this AM. here's the scoop: Shares outstanding 8,466,973 Float 1.5 million, but of that 900k is restricted from reverse merger done in January with Tedrow Communications. Therefore, effective float until Jan 2000 is 600K. Approx. 50 % of business in China have any kind of web presence. Of that 50%, IMOT serves 1/3. Per Steve, China internet is approx. 6-8 yrs behind US. IMOT is profitable, 3% profit reported last Q. Within the next three to four weeks, they will become fully reporting, with audited financials and filing form 10 w/ SEC. The President of the Co. who is in China, but was recently visiting US, is Stanford educated and lived in US approx. 6 yrs. Steve's company is paid in $$, not shares… I think that makes IR cos. Less likely to hype a stock. He explained all the PRs today as having beeen released previously on BW, but received many calls to have them rereleased on other wires. Steve has had over 20 calls this am from brokers and investors, said call volume has been steady recently. Compare IMOT to a Yahoo of China, Portal with content, working on deals with bookseller and auction house. Steve expects more news out sometime between Thursday and next week. Good luck!! Kathy