looooooong gone !!!!!!!!
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I have to agree --there is a pattern that is recognizable - and , of course, I LOVE PATTERNS ---:O)) TA person that I am !
And it is definitely a legitimate question -- Why would anyone continue to hold these shares?
When each of us answers that question, it will be a real insight into who we are as "investors"
and if you don't know the answer to that question, you will never succeed in this "game" ( all IMO, of course)
In TA ( candlesticks) it is the CLOSING price that is used as the indicator.
Now, it MAY close below .08, but even that has certain parameters to make it a "legitimate"
conclusion.
The CLOSE should be either 3-4 % below the "target" - in this case .08 - or it should close for 3
consecutive trading days below the target.
Just "breaching" on an intra day candle is not significant.
Now, having said that as background, the charts I have ( I use 4 charts on each stock - I can
only post the daily one for you to see) I think that the attrition of time with no communication
from the company is going to kill the PPS --Machine works or no works - doesn't matter.
No FDA approval = no reason to hold this dog. And that is all based on my technical skills
and investing experience ( 40 year's worth)
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=4&dy=0&id=p37004419736&a=228499894
experience.
Chart for you Homer:
Very low volume makes chart interpretation "iffy"
I still see a weak chart, with strong SUPPORT ( not resistance !!) at .08
There is a weak attempt at a breakout from the red downtrend line, but that's really questionable at this point. But anything is possible in penny land
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=4&dy=0&id=p22598137944&a=228499894
I will probably be back, but I need a break from the board ---bored? ---for a bit
Good luck to all here, as luck is what you will need.
GOODBYE AND GOOD LUCK 1111
Yes, I forgot to mention it was an Amendment. Thanks
10q just came out
This was in my private mailbox from another poster here. Thanks
http://ih.advfn.com/p.php?pid=nmona&article=48480164
Boxter- I don't know where you came up with the idea that DJ is "my boy"
"Go talk to your boy Dean". I have spoken to Dean on the phone once, possibly twice, in 2006,
BEFORE I invested my first penny in this penny stock.
Why ANYBODY would invest in a spec stock without at least attempting to talk with the CEO ( it is a very small company, after all) is beyond my comprehension. Dean was more available back in 2006 and, as many of you know, posted on this very board.
Now whether what he posted and discussed was BS or lies or whatever, is not for me to say. But anybody who wants to waste a bunch of time, can certainly access those postings in the archives
Anyway, he is not on my FRIENDS AND FAMILY list , so you might as well call or write him yourself and deliver your suggestion directly to him.
chevy - No, you are not a new investor. In fact, you would be the elder had you joined this board 2 days sooner. You joined the day after I did in 2006.
As far as the pictures go - I, personally think that keeping them posted after everyone here has had plenty of chances to see them , is in poor taste and presents a very unprofessional appearance to any new investor coming to explore the board.
That is just my opinion. I don't even remember HOW they got posted, but it might be time to re-evaluate their purpose after this much time. BWDIK ?
SMF- you are obviously a "seasoned" investor, as am I.
You, as ideal as you wish to be, will not change the system. The Powers That Be ( TPTB) have been running the system for centuries, and will continue to do so for centuries into the future.
The only cure is for a revolution against the system. Until then , we are trapped to operate within the present system.
So, one can revolt and face the consequences of such action, or one can try and "game" the system.
I am too old in years to fight TPTB, so will choose to game the system.
So, as far as IMGG is concerned, I will play the game and watch the charts and trade accordingly.
If you don't have the knowledge or the ability to take the possible losses of trading the "pennys", such as IMGG, then you shouldn't be playing the game --- for it is all a game ....you had better believe it.
SMF,
Well, knowing that, you should be able to invest accordingly.
That's how the "game" is played.
And I hope all here know that it is a big freakin game, after all.
Don't expect honesty and integrity from ANY" Penny" company. It's all about how much can
they "play" the small guy to reap the greatest rewards.
IMGG is no different and Dean Janes is no different than any PONZI scheme.
Just know this and watch your butt.
Hello-Wise Owl ..........
Haven't heard from you for a while.
So, what do you think of those pictures?
Does it affect how you invest your $$$$$ in IMGG?
Because, as far as I'm concerned --- that is really all that matters.
If DJ wishes to fly around the world and do whatever, that is his choice. MY choice is --- do I want to invest in a company with a CEO that has demonstrated " questionable" ethical decisions.
For now, my answer is "no".
What say you, Wise Owl ?
vino-just goes to show you - we reference what we read or hear according to our frames of reference. When I saw the word "breakout", I only referenced in my mind, a breakout of a technical nature on the charts. Something I look for all the time.
I think it's why there are misunderstandings leading to some negative interaction on these message boards. The written word sometimes comes up short in expressing what we mean.
Anyway, thanks for straightening me out.
And , yes, Boxter, it is Saturday night and I am just killing time while waiting for my wife to put on her "going out to dinner with friends " face.
Have a nice weekend everyone. Beautiful warm and dry ( as in low humidity) day here in Pennsylvania. A rare treat for July in this area.
vino- I don't know what a breakout board is, but as far as this technician can see -- there is NO breakout of any kind .
In fact, if anything, a breakdown is more likely than a breakout .
Can you post a link re "breakout boards" - might be good for a laugh. Or maybe I can learn something re breakouts !!
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=4&dy=0&id=p22598137944&a=228499894
Just don't forget who is running the show. Whether you think MN should have quit or not ( certainly he has his own reasons for a decision like that and it's none of our business anyway),
it is still DJ calling the shots, making the public "announcements",doing the MTV thingy, going to the parties, etc etc etc
I have never had to work for a "boss" - always been self employed, so I have no idea what it must be like to have to go along with certain decisions that you are personally opposed to -- must be very stressful, at the least.
Phil - do you have ANY idea how many phone calls and emails he was inundated with?
This is not a personal remark to you individually, but most of those calls and emails were from
amateur investors who wanted to have their hand held. Wanted info he was not free to give.
Yes, I am sure MN used discernment in answering stockholder's requests. The long term investors with hundreds of thousands of shares ( or millions ) are going to get priority. It's that way in any publicly owned company.
And with a small outfit like IMGG, Dean and MIke know who the those stockholders are.
So, don't take it personally if he didn't respond. There are only so many hours in a day, and I know that MN put in MANY hours of what we might call "overtime", but that he considered that to be part of his job.
kimble-"i agree he was in no win situation....yet he he stayed with company and to this day he stays with company....why?? "
Wait until next week, call him and ask him .... Since you have his phone numbers.
Not pertinent to the Woodberry exchange and the charges being leveled at MN
MN NEVER denied nor confirmed that MWE had been terminated or had removed themselves from the deal.
The discussion here is about MN's integrity, what he said publicly etc.
I'm done with this conversation.
Have a good weekend.
kimble- you REALLY don't have the slightest idea what you are talking about.
I have a personal relationship with Mike and have known him for 4 1/2 years. I know that he is out of town on personal ( family) business, I know the nature of the business and where he is.
I have received emails re this personal information this week.
I have his personal cell phone number, and he has mine.
And HE HAS NEVER REVEALED TO ME ANY INFORMATION THAT WASN'T AVAILABLE TO ANY STOCKHOLDER.
Perhaps the people here making these claims aren't sophisticated enough or educated enough to ask the RIGHT questions that he COULD answer.
He can only give answers to questions asked - not divulge information to every Tom, Dick and Harry who can manage to pick up a phone and call him...... perhaps expecting more than he is able to give professionally or legally.
SMF - in beginning my search for info, I came across the series of posts by Woodberry (and one from Kimble)
It seems his conclusion, as is mine, is that there was no misleading ( obfuscation - I love that word !---:o) ) on MN part. No mention of specific consultants, only the generic .
MN is constrined by regulatory rules and by what he is "allowed" to say by his boss.
Here is thread, and unless I missed something, I have no problem with what was said by MN and subsequently posted by Woodberry.
***********************************************************************
Profile Woodberry578 Share Monday, April 25, 2011 3:47:36 PM
Re: None Tweet Post # of 45019
I just heard from Mike Nessen of Imaging3, and he says "our consultants and legal teams are doing just fine." The rumor mill on this board is just that: a rumor mill!!
I choose to believe Mike over anyone posting on this board. IMO.
**************************************************************
Member Profile kimble1 Share Thursday, April 28, 2011 10:45:09 AM
Re: Woodberry578 post# 41438 Tweet Post # of 45019
woodberry....so what does NESSEN have to say today??
seems like he was a little misleading the other day dont you agree??
************************************************************
Woodberry578 Member Profile Woodberry578 Share Thursday, April 28, 2011 11:36:45 AM
Re: kimble1 post# 41542 Tweet Post # of 45019
Not misleading. I was told the attorney/consultant situation is fine. There was never any mention of MWE. I take that to mean our attorney/consultant situation is fine.
************************************************************
Woodberry578 Member Profile Woodberry578 Share Thursday, April 28, 2011 3:14:43 PM
Re: Dr. Mugs post# 41571 Tweet Post # of 45019
Update: after checking my email correspondence with Mike Nessen since the first of the year, I see no specific mention of MWE as our law firm. If I mentioned MWE, then it was an assumption on my part and no fault belongs to Mike Nessen.
Again, if Mike says our consultants / attorneys are doing fine, I trust we are in good hands with whomever is handling it
SMF - next week, I will attempt to get a clarification on this and, if able, will post results here.
I see your point and I also don't know what veracity Woodberry has.
As is obvious, ANYBODY can say ANYTHING on these public message boards without there being a shred of evidence.
Rumor and innuendo are rampant on most public boards.
Bama.............................................
Go to stockcharts.com.
Plan to spend some time looking around. You can set up a free charting system. It is limited in its applications, but is great for learning. I used it for several months before signing up for the paid version.
Check especially the Chart School down at the bottom of the page.
There is everything you need to know re indicators and Western charting there . Plan to spend a lot of time learning.
"Google" Candlestick Charting to get all kinds of info re Japanese candlestick charting.
The real guru of candle charting is Steve Nison. I have studied with his books and DVDs. Here's a good place to start--
http://www.candlecharts.com/
It takes years to get good at interpretation, but these sites are where I started.
Good luck in your endeavors.
SMF - I agree re facial expressions. I have read a lot and have "practiced" using the neuro-linguistics school of study re eye movements and facial features.
I was taking exception to the poster's use of a few second exposure of a person's face.
Not enough to draw any conclusions re his "discomfort" ( maybe he hates having his picture taken) or, certainly not enough to establish his integrity.
Wouldn't it be great if , in order to post on a message board, you had to have a web cam in place while you post. Might get some real clues as to how much "integrity" the poster has going ---:o))
Thanks for all your input. I find it well grounded and thought out.
Lamb - no, I don't think I will be buying until the news comes out and we see a REAL demo of real time , 3D and, even then, I will be very cautious.
As an aside, I have enjoyed our interaction, and , even though IMGG has not worked well for you, it seems you learned something valuable about yourself.
In life, those are really the only important lessons to be had.
Good luck to you in pursuing your business
And keep that good relationship with your son. THAT"S the REALLY important thing in your life.
Lamb - I totally agree that DJ has conducted himself in , to be very kind, some real questionable behavior - both ethically and legally.
And, not to condone or make excuses, look at the rest of the business and political world - corruption and immoral , unethical and illegal behavior everywhere .....with no apparent consequences to the perpetrators ( other than to be bailed out by the taxpayers!!)
So, if, and that is a big if ,DJ comes to a court of law, then MAYBE justice will be served - no matter what the verdict
However, all this talk has no bearing on how one should have managed his invested funds. That is squarely on the head of the investor. Gullible is as gullible does. !!!
Boxter - OK,I'm fine with our agreeing to disagree.
I think we are both man enough to do that.
End of discussion for me.
mr sano- That was in 2006, BEFORE all the "intelligence" came to light ( much thanks to you)
I initially research and do LOTS of DD on a company's fundamentals BEFORE I invest... almost always involving phone contact with IR people.
Once invested, I trade MOSTLY by the charts, but keep an eye on fundamental news, CCs etc.
When the fundys got hokey, and the charts reflected a negative reaction, I took what I thought was the prudent action.
I missed a few times and lost a significant amount of POTENTIAL profit, but , overall, have not lost anything - in fact, I have made out quite well, but I am a disciplined and experienced trader -- and, I might add - NOT GULLIBLE AT ALL ---:0))
So now we're reading facial expressions ---:0((
I am impressed with your sophisticated due diligence, but that is not really a reliable tool on which to base investment decisions or whether a man is in integrity or not.
SMF-"The question is, did Nessen know about IMGG's deceptions and did he participate in it?"
Why don't you ask him?
There is a difference between out and out public lying and NOT saying something.
MN has not posted anything on this , or any other public vehicle, for a long time.
He has been available for many years to answer shareholders questions. Again, how many have bothered having extended conversations asking legitimate and thoughtful questions about the company ?
If you aren't willing to put in the time and do the homework, than you can't complain if your gamble goes against you.
Investing seriously should be , at the least, considered a part time job with appropriate time devoted to it.
As far as what Mike Nessen said or didn't say, there are interpretations being made from subjective positions by posters here, many of which have obvious axes to grind.
In my opinion, many posters have agreed to agree on their judgments, supposedly making those judgments more legitimate and like "facts". Judgments are NOT facts.
SMF-this message board is certainly an example of an opportunity to " have a voice"
"penny stock fraud is not a victimless crime. The people investing in these companies tend to be less sophisticated and frankly gullible."
Sorry to sound cold to the results for these unsophisticated and gullible people - but they saw what was , for them, the chance to make " the big killing" and jumped in ( I wonder how much DD was done by them --- I was on the phone with MN and DJ at least 5 times before I invested penny number one)
Having little or no investing experience nor skills, they "gambled" and lost.
There are people here with those skills and experience, who followed the fundamentals and ( in some cases) the technicals, and did just fine.
I'm not condoning lying to shareholders, but when the lies were exposed, or the PPS registered some "danger" signals, those unsophisticated and undisciplined people held on to their shares, hoping for the "dream" to come true.
Sorry, but if you are going to hold DJ responsible for his actions, then the gullible have to be accountable for their actions ( or inactions )
Maybe next time the golden goose comes along, they will have learned that being gullible is a dangerous trait in the markets
SMF-"Mike Nessen has the capability to respond here or elsewhere "
Capability - as in his fingers are not in casts and he can type.
You ( nor anybody else here) knows what MN can do legally, or what restrictions have been placed on him by " his boss".
DJ is his boss after all. How many here would fly in the face of direct orders from YOUR
boss, with the probability of getting fired, and do what he has said you cannot do?
We are talking about human beings here ( not programmed robots), with families to feed and with all the psychological ramifications of what it means to be human.
And as far as what is written here re ANYTHING - the source has to be highly suspect in many cases, as there are some here who have taken on a personal vendetta - facts or no facts.
Mike Nessen-How many posters here have actually met personally or even talked to (telephone) Mike?
I know of several that have, but for the most part, I would bet most have not, especially recently ( within the last year or so)
While DJ's activities (It's party time !!!!) and CCs , PR releases and MTV appearances are quite public at this point, Mike's activities are not so.
If you have had the privilege of knowing him personally, you would have a different opinion - unless , of course, you are hell bent on disparaging EVERYTHING about IMGG - true or not.
When I first met Mike, ( 2006) I actually had a conversation with him wherein I said " You and Dean are either the sharpest knives in the drawer or you are con men"
My BS meter is finely tuned, and I truly believe that MN is a straight up guy and a gentleman.
Most here on this board have no idea what transpires "behind the scenes" and what Mike's challenges have been over the years.
Say all you want about Dean Janes re his "public" persona, but until and unless you have more accurate knowledge of who MN really is, you should keep your remarks to yourself.
Posting on a message board is within the realm of legal action re libel.
And you are not as anonymous as you may think.
Pumper - I am not invested in this stock.
I didn't realize that I was obligated to post charts on some sort of a schedule. I do it for those who might benefit from some technical information.
When I actively owned the stock, I posted almost every day. I am just not all that interested at the moment.
And I have always tried to be as neutral as possible
So think what ever you wish to think re my irresponsibility -
pumper- I am not aware that I suggested an uptrend or a downtrend. You are right, there really isn't either one, BUT the other indicators "suggest" that the PPS is in a very weakened condition.
What I said was "the market is undecided" and ".08 is very strong support, so if it breaks.........there is trouble ahead"
And, granted, chart interpretation in a low volume situation is questionable.
BUT WHAT ISN'T QUESTIONABLE ABOUT THIS WHOLE MESS ?
Boxter- good one !!..........................
When I first bought shares ( 2006), I had several phone conversations with Dean and Mike.
I was impressed with what I judged to be integrity on their parts.
As far as Mike is concerned, I still think that way, but see that he is backed into a corner and has to do what the "boss" says. I'm not even sure Mike Nessen is still with the company -- this is just a gut feeling, not based on any factual evidence, but I have not had any contact with him since he was taken off the PR patrol.
As far as DJ is concerned -- either I was wrong back then or the man has changed in the intervening years. All form of integrity on his part is called into question.
I would prefer to think it is pure ineptitude and ego that has led to the screwed up mess this company has become.
Otherwise, the only other conclusion is that he is, in fact, all the disparaging names he has been called here on this board
What the candle signals are saying.......
Don't know that anybody is here today but I'll post amyway.
Friday was a doji. Monday was a spinning top.
Both of these say " market is undecided"
Today ( so far) an attempt to break out of the downtrend ( red) line has been made, but ( so far) has failed to accomplish it.
.08 is very strong support, so if it breaks -- as the Grateful Dead put it:
Trouble ahead
Trouble behind
and you know that notion
just crossed my mind
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=4&dy=0&id=p73751557029&a=228499894
Re: $2.00 overnight ??????
Here is a weekly chart. See how long it took to go from .035 to 1.95.
On volumes of 45 -50 MILLION SHARES on two of the up weeks.
There will be time to buy if the PPS recovers - it will be very obvious on the charts, just as it was back in Aug -Sept 2009.
http://stockcharts.com/h-sc/ui?s=IMGG&p=W&yr=1&mn=11&dy=0&id=p63262305716&a=228108388
FACT-we are not going to know if the device works UNTIL WE DO.
Would I purchase stock based on the possibility that the machine works? I did that 5 years ago, when I thought it was a good bet..... and it was. Didn't know if it worked, but traded the stock price action.......Didn't matter to me if it worked or not. Disciplined trading is what works for me.....machine or no machine.
I will not bet on that possibility now, with what has come to light over those 5 years - that is a bad bet IMO.
WAAAAAAAY too much risk for a small possibility of reward.
Now, if we get a demonstration that legitimately shows real time , 3D-- well, that would change things. Will this stock shoot up overnight to $2.00 or more, as some here claim - I doubt it.
Could someone make money by buying in at $1.00 and selling at $2.00 ? You betcha' - a 100% return always works for me.
hawk-see the little marks at the end of the sentence?
It was a joke. I don't know if the machine works or it doesn't. Don't care at this point either.
But since there are at least 15 posts a day saying it doesn't,
thought I would throw it out there---:o))
So, AGAIN, it was the ineptitude of our CEO that caused a problem. I know he knows what a NDA is, since he CLAIMS to have several with the "big boys"
Didn't he read what he signed ? Why did he violate it ? Can you say "stupid"?
The more I know about DJ, the less inclined I am to have any confidence that he will lead IMGG out of this mess.
And, yes, I know the machine doesn't work---:o))