Immage Biotherapeutics Corp (IMMG)

[beachbumjeremy]

I was able to sell mine when it spiked to .02. Not sure why you can’t, probably has to do with your broker. I use E*TRADE.

[Spurmaker]

I read a story that they attended a medical conference in San Francisco and gave evidence they had successful cancer treatment in animal,we're looking to get trials in humans approved,it was on some stock site I dont remember which one,was hoping thats what was going on I've had it since 2017 have bought some but can't sell any!

[Lazarus]

You might want to read this

[Luchador]

It's a black hole. Stay away.

[nope941]

Does anyone have any information about this company? I reached out to IR once again and again no response.

[nope941]

Good question. I emailed IR a question about coming off the gray market. No response.

[fsantes]

Anyone know if this company is still functional? Is it still looking to do what it was set out to do?

[1manband]

The stock has been suspended by the SEC for fraud. It is now trading on the Gray Market, where there are no MM's - just matched trades.

And since no one should be buying shares in a stock suspended for fraud, I would hope the volume is as near to zero and it can be. Most investors understand the implications and stay far away.

[beachbumjeremy]

Whats the deal here, seems like there will be a buy every so often, but no active trading

[stockpicker7]

Yep, they have resurfaced (yesterday) and are ready to make another stellar pick---1st one after the EMMD grey sheets disaster.

[JalbertoV]

Yes, I think that is the right thing to do. I lost thousands with their 2 scams(immg and emmd). I was new to trading and did not know better but learned my lesson.

[fsantes]

Yeah I just got the email too. I'm gonna see what company he will pull this time and go warn them. I would never want what happened here to happen to anyone

[JalbertoV]

Holy sh88t the scammers from both IMMG and EMMD are back. I just received an e-mail from them.

[stocksplit123]

No great time to buy it,

[lucky, mydog]

very few people want to buy a scam trading on the grey market due to sec suspension.

[stocksplit123]

Where is the volume? No volume yesterday and today

[stocksplit123]

Yes there has, I have posted before about a marijuana stock cbgi, up over 5000%

[nope941]

What stock has recovered? I'm holding out hope for IMMG.

[Crazy Money]

Yep

[lucky, mydog]

no.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=127559570

[billi976]

Has there ever been a stock to recover in performance after being suspended?

[stocksplit123]

You see both EMMD and IMMG both green today, especially emmd, on the road to recovery

[nope941]

Not sure about buying more, but I'm definitely holding.

[stocksplit123]

Won't need luck, watch and learn

[lucky, mydog]

good luck with that.

[stocksplit123]

I will be buying $5000 worth down here at these levels

[lucky, mydog]

lol. o.k..

[stocksplit123]

Don't need to read that garbage, innocent til proven guilty

[1manband]

Nope they didn't know, they were fooled like everyone else

Nope, that is not the case. And the SEC knows it.

In order to have the restrictive legends on restricted stock removed so it can be sold, the Company has to give the approval after researching how the stock was obtained and if it can legally be removed under an exemption from securities laws. IMMG's current management knew EXACTLY what was going on and that their claims that they obtained it from the non-existent South Africans was a lie, especially since the Company is the one that sold them the stock directly. But they approved the removal during the pump phase anyway.

Nope, IMMG and its management are absolutely involved in the activity that led to the trading suspension.

[stocksplit123]

Yes I will be buying a huge load soon, this will soar and exit the grey markets in a few months

[lucky, mydog]

lol. really? they didn't know what they took over? that is beyond believable. if you don't believe me, here is what the sec believes.



"The SEC also obtained an emergency court order freezing Lin and Chen's assets in their brokerage accounts, including approximately $1.2 million that otherwise would have been wired to bank accounts in Hong Kong, and millions of shares of stock. In support of the emergency asset freeze, the SEC argues that available evidence indicates that Lin and Chen, who purportedly purchased their shares from individuals located in South Africa, in fact purchased restricted shares from the issuer because the purported sales to the South African individuals did not occur. Among other things, the SEC states that one individual from South Africa never even purchased the shares that she purportedly sold to one of the Defendants.

[stocksplit123]

Nope they didn't know, they were fooled like everyone else

[Skittles9]

SO, is anyone going to start buying? Pretty cheap here!!!

[lucky, mydog]

Both individuals apparently obtained their stock over two years ago from the predecessor entity

lol. like they didn't know.

[stocksplit123]

https://finance.yahoo.com/news/immage-biotherapeutics-begins-repeat-toxicology-150000193.html

[stocksplit123]

NEWS OUT!!!! you see, business as usual, and no wrongdoing by company just as I thought

[stocksplit123]

because it people like stock guru that get companies suspended for doing e-blast newsletters

[stocksplit123]

That's pathetic

[1manband]

So why no charges against Immg

The SEC has 5 years to bring charges. The only reason this action was done so quickly and made public is because the SEC needed to freeze the proceeds of their illegal conduct and prevent the funds from being wired overseas and out of reach of the SEC and/or DOJ.

In other words, civil and/or criminal charges may still be filed against additional individuals or companies, but that is likely to be sometime down the road. The Feds need time to continue to investigate and assemble their case.

[Breck22]

So why no charges against Immg? If as you say they knew about and aided in the p and d. Nowhere does it mention Immg being charged in the filed charges.

[lucky, mydog]

total dollars traded today; 200

[stocksplit123]

Good Job IMMG today, up 50,000 % today!

[Skittles9]

If anyone is interested go and look here. visit:http://www.prnewswire.com/news-releases/immage-biotherapeutics-begins-repeat-toxicology-study-for-lead-candidate-300451630.html
Maybe some hope for those who held!!

[lucky, mydog]

because someone put an order in for that. or, perhaps they made a mistake and meant .0005. without a bid or ask it is not unusual to see an inexperienced investor make that mistake. if there was a bid and ask, it wouldn't happen.

[Skittles9]

Looks it just dropped to .01. Oh, Well. At least that is a good name for a Fleetwood Mac song. Ha!

[billi976]

I bet the guy that only bought 1800 at .0001 is kicking himself

[Skittles9]

Can anybody please explain why/how it went from .0001 to .05? I still have shares, should I hold? Assistance is appreciated. THX.

[lucky, mydog]

there is no bid or ask on the grey market. it is trade able.

[sdtrader77]

Is this thing halted or is it still tradeable? I'm seeing 0 on Bid and Ask in E-trade. Thanks

[lucky, mydog]

to the people who ran the scam. sec had nothing to do with investors giving their money to con men. the sec prevented others from doing the same.