Imagin Medical Inc. (IMEXF)

[jb1965]

I'm not sure what these are...

You see this quite a bit on the OTC market. When they happen they are always way above market and they are low volume trade. I don't know how or why these happen. As best as I can figure it is someone trying to paint the tape (display a higher print to manipulate either closing price or the daily high). Maybe someone is willing to buy higher than market at low volume to fool one of the algorithms to try to generate a run. I really don't know... this is all speculation.

Maybe someone with more OTC experience can explain why this happens or what causes it.

I miswrote in my earlier post this past week. It looks like clinical trial officially starts March 1 - that's this Wednesday. Good things are coming! Way to go IME/XF

I heard from a reliable source that Alumina Partners chose to back IME at this time (versus waiting) because they were miffed that the company was still trading at current levels given they are starting human trials in the next month or so. This company is so under the radar it's not even funny. This is all good as far as I am concerned as it has given me numerous opportunities to nibble away at cheap shares. I expect to be 10x higher in 12 months time.

JB