Immage Biotherapeutics Corp (IMMG)

[1manband]

Do you have any proof that they knew about this scam before hand or they are not legitimate.

We certainly do now!

From the SEC's charges filed today for the IMMG pump and dump:

"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.

https://www.sec.gov/litigation/litreleases/2017/lr23821.htm

Clearly, IMMG's management knew about the pump and dump as they sold the dumped shares directly to those two. And IMMG would have known exactly what was going on, and aided in the dump, by approving the clearing of the restrictions on the shares before they were sold.