Image Protect Inc (IMTL)

[nvidiaforgames]

COO SOLD 38MIL SHARES TO A NASDAQ IPO FIRM:

Filing just came out on the 14th and nobody knows what it means. I think I have a very sound explanation for it here:
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12381883

Let's start with the earlier transaction dated 2015:

Notice the date there it says "date you acquired" is 2015. This means the CEO acquired them back in 2015 when he reverse merged his company into the shell before it became Image Protect.

Now we will go back up the page where we see the new sale of shares:

It says that the sale was made on 11/9/2017. What this means is that the CEO sold a block of shares, that he acquired back in 2015, to a firm called Network 1 Financial Securities on the 9th of this month.

MOST OF YOUR ARE PROBABLY THINKING WHY THE HELL HAS THE CEO BEEN BUYING SHARES (Form 4s) WHEN THE COO JUST SOLD A CRAPLOAD OF SHARES TO THIS FIRM:
Well it seems as though there is a perfectly good explanation and the type of filing says it all. After doing further research, this Form 144 filing is all about "CONTROL". Quoted directly from investopedia.com, the Form 144 filing is only filed when there is a transaction of "restricted, unregistered and control securities". This means that the COO has sold a large amount of shares that he is unable to sell and make a profit on. Although we don't know how many shares he has left, we can only guess that this has something to do with why the CEO has been buying upwards of 2.5MILLION shares over the last few months on the OPEN MARKET. Usually, in the investing world, an acquisition of a large restricted amount of shares is what translates to some kind of deal or acquisition... We will see why they sold a large control block of shares to this NASDAQ IPO firm soon IMHO...
https://www.investopedia.com/terms/r/rule144.asp

NOW WHO IS THIS NETWORK 1 FINANCIAL SECURITIES FIRM:
I did some research and look at the list of IPOs that they have done. ALL NASDAQ STOCKS:
http://www.nasdaq.com/markets/ipos/offering-history.aspx?expert=network+1+financial+securities%2C+inc.

If you go to their website you can see that they have been heavily involved with taking big Chinese firms public on the NASDAQ (ALL NASDAQ):
https://network1.com/recent-transactions/

The CEO of the firm has even been interviewed on a Chinese business channel:
https://network1.com/news-press-release/

I have no idea why the CEO has sold a big chunk of his own shares to a top tier NASDAQ IPO firm but it looks like something big is about to happen. If you just look at any of the stocks on that IPO offering list, they are all trading in the high dollars per share.

IMTL