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OMOG 0082x0084 now geez em
IPRE News
Imperia Entertainment Issues Shareholder Letter
BEVERLY HILLS, Calif., Apr 19, 2006 (BUSINESS WIRE) -- Imperia Entertainment, Inc. (Pink Sheets:IPRE) announced today that it has issued the following letter to shareholders.
Dear Shareholders,
This is my fourth letter to you as president of Imperia. As I stated in my first letter, I use these opportunities to express myself to you and give you full disclosure about the company. I stated in my last shareholder letter that I would:
A) Always inform you about what is going on with the company, to the best of my knowledge.
B) Give it to you straight without trying to sugar-coat things.
That is just the way I do business. Like I have said before, I have a conscience and would never deliberately mislead anyone. I also believe communication is very important.
Just to give you some quick background on the company structure, I have been in the entertainment business for several years. I produced and directed "All That I Need" and got it into theatres prior to being hired as president of Imperia. I handle the development and the overseeing of entertainment projects for the company.
Kenneth Eade is the former president, and still serves as chairman for the company. Both of our bios are listed on the Imperia website: http://www.allthatineed.net/impaboutus.html.
I have owned and operated other businesses prior to getting involved in the entertainment business but Mr. Eade is infinitely more experienced when it comes to fundraising for the company, and he is currently handling those duties.
In my last shareholder letter, released April 3rd, I stated the following:
"We had to sell a large amount of shares in order to raise extra money for our feature film, 'Say It In Russian.' This is a temporary situation as we are almost done filming. We went over budget in our foreign location shooting, but it has added great production value to the movie. The good news is that we have raised the necessary completion funds."
I also stated the current share structure as:
"The company has approximately 204,000,000 shares outstanding and 83,000,000 of those shares are restricted."
At the time, to my knowledge, this was the absolute truth. As some of you may or may not know, I often take the time to respond directly to shareholders. A few days ago, a shareholder wrote me and asked if the company was selling shares. I responded by saying the following, and the reply was subsequently posted on the Internet:
"To my knowledge there are no shares being sold by the company, and I don't know of any plans to sell shares in the near future." At the time, I was not aware that the company's Regulation D offering had not yet been closed, because of the need to pay expenses on our latest film, "Say it in Russian."
When I learned that the company has continued to sell shares in its Regulation D offering, I became very concerned by this information as I am close with many shareholders and my reputation is very important to me. When this new information came to light, I immediately shared this information with shareholders who contacted me. Unfortunately this resulted in them calling me a liar, which I am not.
The reason why the company has continued to sell shares is that our latest feature film, "Say it in Russian," which Mr. Eade produces, went over budget. The cost of the movie went from the estimate of $1.8 million that we had on April 3rd to $2.7 million, which was disclosed by the production accountant in a cost report yesterday. We believe that this expense was necessary, not only to complete the film, but to maintain a high quality. To put things in perspective, my movie, which was released in theatres, cost less than $100,000 to make. "Say It In Russian" is a much more elaborate and polished movie, shot on 35-millimeter film. It has a recognizable cast and was shot in three different countries including France, Russia and the U.S. It is only worth it to us to have a product that is attractive to film buyers, so it was decided to make the project look as great as possible and to add value to it. At this point, all of the costs for the actual filming and production of the movie have been incurred and must be paid in full. This will take approximately two to three weeks to complete, and then the only recurring costs will be promotional.
It is my belief that there are people out there who are out to make a quick buck. There are a lot of ways to do that. The only way to make a living long term is to focus on longevity and to building a reputation. No matter what, it is important for me to maintain my integrity. I have a long-term plan for this company and I want to see it through.
"Say It In Russian" was largely overseen by Mr. Eade, as it was his project, and it was put into development prior to me even coming aboard Imperia last year. I will personally be much more involved in the upcoming projects.
A finished movie has a value, so now that "Say It In Russian" is added to our library, it is a big plus for us. I am very excited that the day is fast approaching that more money will not need to be raised for it. And I would like to point out that the majority of the budget for the movie was not raised through the Regulation D offering. The offering became necessary as a result of going over budget and the costs having to be paid. The current outstanding common shares of the company now stand at 528,528,467.
Investors have asked me about why we would sell the stock with the price so low and why we haven't let it breathe more. The reality of the situation is that the bills need to be paid now. Another reason is that a market developed for the stock at these prices that is much more robust than it was when it was being traded at higher prices. I believe that the market that is being developed will be of benefit to shareholders and the company. I should caution you however, that I never know where the stock price will go. I spend most of my time focused on building value for the company. The market sets the stock price, and dictates the volume.
I want to assure you that I will do the best I can to build value in this company. There are projects currently being worked on in addition to "Say It In Russian" that are very exciting for our future. We are also making some aggressive moves getting involved with online and other distribution.
And, don't forget that Cannes is just around the corner. Now that "Say It In Russian" is complete we can start selling to distributors. We have already gotten several offers. I intend to use those sales to put more value into the company.
I thank you for standing by me, and I greatly apologize for any confusion or frustration you have been experiencing. I will do my best to keep you accurately informed in the future.
Thanks again for your patience.
All the best,
James Hergott
President of Imperia Entertainment
OT: down....LMAO!! Got you beat!
Only got 20k of a 1.5 mil order of INSQ at 0026 the other day and didn't chase. So there!
Silver @14.04 wowsa em
DOW WOW +185 NAZ +39
IESV gappa - bid ut em
IESV yes it does OTC...
I need it so bad. Tried to get 1.5mil INSQ at 0024 0025 and 0026 the other day but because I've been burnt so bad in the past by chasing didn't do it. Got tied up in other crap. Was going to try INSQ for a bounce today but went for NECX at .30 instead lol. I need some good luck.
Thanks for heads up on IESV - here's to a nice gap in the am
IESV - Im in BB at .102
run will now cease. mark my words!
NECX - 67,458 block at ask of .30 - go time finally?
lol - had to go out so I put a sell order in @ the ask of 0041 - they took 50k of it and that's it. glta
thanks J - best of luck to all - was just in for a flip and will sell at the ask, I promise
Bottom line is, everything I buy craps - so you guys are screwed. News was good enough to see 005 easy, imo
it wasn't at the ask, was it?
wrong o - dont give a hoot about the tickets - thought the arie news would pop it - it aint poppin - chart is uuuuugly - pizzed at myself for buyin - god help us all!!
100m? sorry to hear that. i bought this POS yesterday so that gives me the right to bash, hoss ;)
Wow - looks like buyers are REALLY excited about the new product lol
looks like they dumped into the news yesterday pm
UNCN news here - COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Unico Announces Engineering Contract for Electrical Substation at the Deer Trail Mine
SAN DIEGO, CA, Apr 13, 2006 (MARKET WIRE via COMTEX) -- Unico Incorporated (OTC BB: UNCN), which focuses on the production of ores and precious metals in the U.S., today announced that the Deer Trail Mining Company, LLC, a wholly owned Unico subsidiary, has contracted with BNA Consulting, Inc. (www.bnaconsulting.com) of Salt Lake City, a major provider of electrical consulting services in Utah and surrounding states for 35 years, to provide a broad range of engineering services related to the construction of an electrical substation at the Deer Trail Mine and processing facility in Marysvale, Utah.
The Deer Trail Mining Company has initiated reconstruction of the mill and processing facility to improve both efficiency and capacity in processing operations at the Deer Trail Mine. The design and completion of a new electrical substation at the Deer Trail Mine is expected to provide substantial cost savings for the Deer Trail Mining Company, specifically as it relates to the operation of the mill and processing facility, as a result of lower energy costs and greater reliability.
A major focus of the company's current efforts is on the completion of the mill and processing facility, so the Deer Trail Mining Company can begin processing current stockpiles of precious metal bearing ore and sell the concentrates to generate revenue for the company in the near term. The reconstruction includes a variety of improvements that are expected to improve the long-term performance of the facility and increase the company's profitability.
Unico, Inc. president Wayne M. Ash, who has been appointed to supervise and manage all operations at the Deer Trail Mine, explained the numerous reasons that the Deer Trail Mining Company opted for going to grid power rather than diesel-generated power.
"The cost of diesel fuel has risen to at least twice the $0.20 to $0.25 per kilowatt hour price it was a decade ago. There is no guarantee that the price will not continue rising in the medium-term future. Although there is no assurance that the rate for grid power, which is presently in the range of $0.06 per kilowatt hour, will not increase with time, the current cost gap between the two is expected to widen, rather than narrow. Further, diesel generators are prone to breaking down far more often than loss of grid power. When the power goes off, material settles out in tanks and makes the mill very difficult to start up again, causing a loss of mill throughput while the company still incurs labor costs. In addition, there is always a loss of recovery during rapid shut-down and slow re-start. The bottom line is that the fewer the breakdowns that occur, the more efficiently the processing facility can operate," stated Mr. Ash.
"Increased maintenance and labor requirements would also impact the bottom line of the operations at the Deer Trail processing facility. When diesel units are over-taxed, the cost per kilowatt hour skyrockets, while with grid power, the company will only pay for what it uses. Maintaining load balance between the two diesel generators that would be needed to power the site would require the hiring of a full-time electrician. Probably most compelling of all of these factors is that the monthly cost for diesel generator power would be approximately four times as high as grid power. Putting in terms of return for the company, the diesel power alone at the mill could cost us as much as $20.00 per ton processed, versus $5.00 per ton for grid power," added Mr. Ash.
In September 2005, Unico entered into a five-year purchase contract with PGM, LLC, a private subsidiary of Polymet Corporation, for the purchase of precious metal bearing concentrates. Terms of the agreement include a monthly purchase quantity of 150 tons for the first 6-9 months and increases to 300 tons through the duration of the five-year term. Unico has estimated that the gross cash flow produced from this contract could range from $125,000 up to $450,000 per month. Since completion of the mill and processing facility is directly tied to near-term revenues for the company, significant resources and manpower are being dedicated to the reconstruction efforts.
About Unico Inc.
Unico Inc. (www.uncn.com) is a publicly traded company incorporated in Arizona that is focused on the production of ores and precious metals such as gold, silver, lead, and zinc at its three mine properties: the Deer Trail Mine, the Bromide Basin Mine and the Silver Bell Mine.
Forward-Looking Statements
you been here two years and still dont include a link?
someone did - it went at the bid 0013
and there went 36 mil at bid
Ed..try relaunching..also in NC and it worked for me..had frozen up
nice sig,btw
edit - streamer working but cant trade
XKEM last .0158 lets giddy up em
lol - sure hope so em
XKEM - mil plus block went at ask of .015 - not too shabby em
AMEP jigginess em
please rescue meeeeeeeeeeeeee
LMAO! em
GWGO b/a ut 0011x0012 em
GWGO - had a buy order in at the bid for almost an hour - no go. In at .0011
SEIH - Scottrade won't let me buy - anyone else getting this message?
*applause* em
lol - never heard of a memo of understanding. Didn't have enough stationary for a letter of intent?
OT - power outage at Capitol
http://www.breitbart.com/news/2006/04/03/D8GOKNF02.html
gotcha - thanks em
CRGO - saw a mil block go through at .0129 earlier when ask was .0125 - a prearranged buy?
GZFX - big big blocks - I'm in
lol - *shhh* - we're all dumping!
0018x0019 - everyone dumpin here? hmm??
KSWJ 002x0021 lol POS
That's what it looks like to me. Second time I've been bit by this POS.
GZFX gapper .016