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I am well aware of how ETH is doing and believe it will fall under $100 soon. IMTL has a great IDEA, but seemed desperate to get funding and diluted the stock, crowd-funded, and then realized an ICO might be the answers to their money problems. Their biggest failure was in keeping the shareholder in the loop and spending money on advertising their product. I am in for over a year holding more shares than I care to even mention! I am just waiting for them to realize they need to put out some REAL news so I can dump this dog and mitigate my losses.
Form 4's are real. My point is simple. What good does it do IMTL try and PR their company in an effort to raise the stock price when you can get $0.10 per token usable right now. There is no longer any need to dilute the stock to raise money. If they have a moderately successful token sale they could eventually just buy back the company for near nothing. And how many tokens were each of these directors allocated? Why care about traders trading stock when the company can put real money to use now with empty promises. So now they are promising %10 ROI on tokens when they were promising news news news for shareholders. I believe the business funding model changed subsequent to Adams buying all those shares. Now they need to make a market for their token and make a market for their stock. They couldn't do one thing, so now they will try to do 2 things! Understand my point?
So I hope I am wrong, of course, but there is no reason to purchase the stock because the new business model demands that financing should come from the ICO. If they can get enough idiots to buy at $0.10 there is no need to buy the stock. After their "cooling off" period and if the ICO is even moderately successful they can buy the company back for near nothing. You have to think like a criminal. This gang has deliberately allowed this stock price to fall. They are only interested in the ICO. (IMHO)
I feel terrible for all of us. I have taken a substantial hit by this stock. I don't mind the stock being down. What I don't like is that management feels they do not have to answer to the shareholders, nor even attempt to support the share price. They have turned there ardent supporters of their product into skeptics. And when you lose us, the ship will soon go down with the band!
Management has lied to us, deceived us, and is keeping us in the dark while I believe they are attempting to sell this dog out to ICO investors and go bankrupt. I have no material knowledge os this but get a strange feeling.
Management seems only interested in promoting their ICO. Any questions from shareholders regarding anything but their crypto seems to be off-putting or irrelevant at the moment.
I might be emotional but I am not [that] stupid. I will sell into the news. But at this rate, we could be at 0.0 by then.
I just dumped a 100k of this dog as a test @.062. It will take me over a month to sell out of this at this volume. I am pretty much finished with this company and have come to the conclusion that they are selling out in the hopes they can make some money with their ICO and fold up. In my opinion, the company has hung the investor out to dry. They have outright lied to us. They have skirted revealing anything having to do with revenue (Because there is none) but made us believe they are fighting for a market so huge we could all make millions from a few hundred thousand shares if they can grab even a small piece of that space. For anyone stating, "well they are not into copyright infringement anymore." I say, THAT'S WHY I BOUGHT THIS COMPANY IN THE FIRST PLACE. And remember they told us they had a bunch of copyright infringement cases in the works. WHAT HAPPENED?
Move to today. The business model changes to CPM based model. I like it! A win-win for the artist and the web owner. The company changes from its crowdfunding source to funding from an ICO. No problem, this has proven to be an effective and positive method of raising capital. But wait! They are making big promises and have no revenue. They made big promises about all the copyright infringements in the works, the possibility of a new office in New York and another in Asia. Nothing mentioned ever again. I am afraid this dog is dying. All my attempts to contact this company to ask reasonable questions were never returned. My questions were in line with SEC rules and regulations. This stock is so bad they are not even pumping it to dump it. What a head trip. I wish I could tell you guys when I am selling, but I do not want to spend time in jail. All I can say is the company does not care to support the stock price because there is no news to support it with. I would minimize my exposure to this dog and consider it a learning experience.
I have no need to hype this poorly run company. How do I even know they have a viable product? Anybody using it? Is anyone getting paid for their work? I am so glad I stayed away from the ICO, and never considered investing via minivest. I am sickened by management, a bunch of geriatric fools now looking to get suckers to buy their worthless coin and probably fold up shop. Sorry guys, but I am finished with this DOG! And I will be getting out and licking my wounds for months to come. Let's see how low we can drive it. I am so disgusted and care about IMTL as much as management does NIL! I pray they can prove me wrong but I am just an investor, they are seeking ICO buyers and can care less about me!
As always I wish you all the best.
Biff
The company went all in on this ICO. They let the investor out to hang. I feel violated by management.
Best,
Biff
I had two other financial questions after that one. I was actually surprised they read my question. It does feel like the shareholder is no longer a priority and a bunch of crypto-investors are now in charge of the business keeping the rest of us out of the loop. I don't think we'll see any more financial data this year as there will be nothing to report while they figure out how to grow this turd (IMHO).
Biff
I hear you... The problem has been their silence. And you have to admit that this company's original business plan was centered around copyright infringements cases and how HUGE that market space was for that. Then, out of nowhere, they change from a copyright infringement based company to an advertising-friendly CPM company based around copyright imagery. I am fine with that, in fact, I like the idea very much, except when they can't answer simple questions. How do I know when my kid is lying? She only tells me what she thinks I need to hear and not what I need to know! I have a lot of money invested in their little experiment. I also feel they have thrown the shareholder off to the side in lieu of the token investor. I am also a crypto-investor, but I need a real product to back. Without solid financial data, how do I know this token is even worth $.10? They are not making any money, they are not generating any excitement in the market space as is evident by the volume. After a webinar people should have found the information so compelling that being a shareholder or token investor is a must. But as usual... NOTHING.
I am also starting to get the feeling they don't like me. I am half tempted to buy them out and shut them down ( my anger speaking, of course). But, I have thrown to much caution to the wind with IMTL. They need better communication with the shareholders. They need to tell us what the money from minivest will be used for, and are they on track with the ICO. I am a big boy. I am okay with bad news as long as they are trying and working towards the goals they set out in the whitepaper.
Management is starting to sound like bad time-sharing salesmen. Gimme something to chew on. Stop telling me how large the market space is, but how much of the space they are fighting to consume, and how will they do this. I am sold on the simple tech behind the business model -- just be fair and honest! That is my point!
I am in because I can't get out. I am Long because of attrition.
Biff
I am starting to wonder if this ICO is like a pyramid scam. If they can get enough people to buy this coin they can close up shop. Everybody gets paid and everyone else is left to hang. I am getting a bad feeling about this. Call me crazy but this company is so busy pushing a token and the token's ROI and they have no revenue to speak of, no marketing, to mention and no good answers to simple financial related questions. Riddle me skeptical!
Biff
After my questions was asked the answer given was; (paraphrasing), "yeah, I think I know who that is, he has sent me some emails (About 6 in total). I will get back to him later."
REALLY, later??? The question was simple and meant to advise we (the shareholders) the investors and potential investors a perceived timeframe of profitability. How can they promise to pay 10 percent return on the ICO and hype the coin with 3 copyright claims settled? Why not tell us how many claims are in-process right now, that is not revealing privileged information? IMTL wants to push the coin with big promises of profitability and 10 percent ROI. They do not wish to discuss how they are going to pay this 10 percent. I am surprised they read my question. The guy reading looks my questions sounded like it caught him off-guard.
Biff
So my question was, "there were only 3 copyright infringement claims covering the last financial statement and why haven't you supported the share price?" You all heard the disappointing answer. By the way, I had a few other financial related questions that were not read. I think they are getting to know who I am from this board. How low will they allow this share price to fall without supporting it with some solid PR? There is no PR's coming cuz there is no business!!! Just a bunch of hopeful promises
Did you notice any questions regarding financials are set aside? They are focusing on how large the market space is (for good cause, it is a huge marketplace.), but not explaining, in-depth, how they plan on growing it without spending the money necessary to expand the business.
If you can't support the share price with PR, generating an interest in the company how are you going to pay 10 percent to ICO investors? No one mentioned where the money earned from minivest is going; IT, new employee's, office rental, expansion, etc...
Sounds like the same song sung from the last event.
My thoughts are:
They have big dreams ( this is a good thing ), with a lack of execution. How many more versions of IP Share are in the works. Is knowing a friend who knows some big stars in film or music the extent of our marketing? Should we be hoping for 6 copyright infringement cases next time they release a financial statement?
I AM NOT IMPRESSED!
I guess they heard of me because I have written them at least a half a dozen times, but you all heard -- they have yet to get back to me! I hold way more than just a few shares of this company and deserve, at the minimum, a "thank you" automated response for your question and we will get back to you in due time instead of dead air which is what I have been getting from them. Management has taken the excitement of being a shareholder in this company out from under me and appears to be moving in too many directions instead of sticking to keep it simple stupid as a business plan.
My father passed away July 9, 2018, so if I am being a complete idiot right now please forgive me. I am just frustrated, aggravated and at times disgusted with the way $IMTL has conducted their communications (or lack thereof) with their shareholders. Maybe one of you guys heard something that could give hope back to the hopeless!
As always, my best to you all who have stuck in there and my sincere hope these guys at IMTL can pull this together and make something happen.
Biff (aka Johnny)
So I guess another IMTL meeting happening on Monday. This time we can ask questions without submitting them first. We (the investors) are part of some game that I believe was started with good intentions but was not fully understood by management -- this being the ICO. Why have we not heard a single thing about how this ICO is going? ICO's do not fall under the same regulations that govern stocks, so let us know if this is a success or not! I give this company an "F" for effort, "F+" for marketing, and a grade of "idiot" when it comes to communications. The last time we had a webinar or whatever you call it, it was boring, drab, uninsightful, and a pure waste of time. The questions were submitted in advance and the answers completed in advance of the gathering.
It was my sincere hope this company was being set up to be sold! The people running this outfit are not young enough to wait 10 years to build the customer base to make this a powerhouse. There is virtually no marketing whatsoever. Jon keeps getting paid back monies owed him with interest. Can you imagine being a minivest investor? At least they got it cheaper than I did, and where was that money declared in the financial statement? It ended in June and at the least should have been noted in the MD&A section along with the current status of the ICO. I feel played by this company, but not at their expense -- oh no, at mine! There is no volume cuz there is no interest. Short of them being bought out by Google or FB, getting out of this stock will prove to be quite an endeavor. Many of us are just looking for the mm's to run this dog so we can exit and never look back. As for me, if I unload it along with the others it will kill any decent gains made.
We are left to pray. Let's see what happens tomorrow afternoon. As usual, good luck to all of you especially those of us that have defended this poorly run company.
Biff
I did not see any monies raised through Minivest, or from the ICO in this disaster of a financial statement. What I am seeing is a company that will do anything to survive to see that its main investors are satisfied before it folds up.
Going Concern:
As reflected in the accompanying unaudited financial statements, the Company had a net loss of approximately $154,483 for the six
months ended June 30, 2018 and net cash used by operations of approximately $268,585 for the six months ended June 30, 2018 and an
accumulated deficit, stockholders’ deficit and working capital deficit of $2,607,994, $1,537,828 and $1,762,556, respectively, at June
30, 2018. These matters raise substantial doubt about the Company’s ability to continue as a going concern. The ability of the Company
to continue as a going concern is dependent upon achieving profitable operations and/or obtaining additional financing. The unaudited
financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.
The Company plans to raise capital through the sale of equity or debt instruments to implement its business plan. There is no assurance
these plans will be realized.
Advertising:
Advertising is expensed as incurred and is included in general and administrative expense. The Company incurred advertising expense
for the six months ended June 31, 2018 and 2017 amounting $7,350 and $7497, respectively
Really? This is all they spent on marketing this product?
I am afraid we are on the back of a dying baby whale.
Now for the kicker!
During the three months ended June 30, 2018, revenues generated from the services rendered to three copyright owners represented
approximately 71% of the Company’s net revenues. 15% of the 71% were generated from one copyright owner who is a related
party. During the three months ended March 31, 2016, revenues generated from the services rendered to two copyright owners
represented approximately 58% of the Company’s net revenues. 30% of the 58% were generated from one copyright owner who is a
related party (see Note 8).
Someone explain to me what I am missing? I cannot see how this financial statement converges with the hype management built around the future of this poorly run company. I have learned a valuable lesson. One I will not forget anytime soon! I am guessing mm's will try and pump this before the final nail in the coffin.
Tsk, Tsk, Tsk... Poorly run company and it is reflected in the only information that's real to investors; the stock-price!
I have nearly 5 million shares spread out of 3 different trading accounts. I think I am maxed out. I am in at an average of 0.0161! This was a company I felt compelled to own. I never drop down to OTC: BB stocks, but when I heard about this company I felt the innovation... What I am feeling now is the pain! I am feeling left out to dry for the promise of a better day. If the company is not profitable it's understandable, but forecasts from management go a long way to easing my pain! There is no question that management has not handled this company's PR very well, and put out vague ambiguous tweets to keep "we", the investor, in their holding pattern. I want honesty from this gang at IMTL and I felt that this web conference did little to satisfy my curiosity, or make me feel secure in my investment. I feel as tho all I am doing is complaining, but, so is the nature of the game. We sing a company praises when they are doing well, and we beat them down when they shed nearly 1/2 your investment.
You will know when/if I start dumping IMTL, and if I do, it will not be because I don't believe in the company; I don't believe in its management. See my older posts where this was my only complaint about IMTL. I am consistent with this critique.
Have a great weekend all!!!
Biff
The whole event seemed a bit rehearsed as Jon had the questions well in advance of the meeting. I heard about the token ROI but heard nothing even remotely close to revenue numbers. I didn't hear when they were going to release any financial data -- please correct me if I am wrong?
I heard how wonderful and exciting the technology is -- which is why I invested in the first place. This is quite simply a numbers game and I have yet to hear what the financial numbers are. If I had something to chew on, I could make a massive investment in their IMAGE tokens. I don't want to be Debbie Downer, but did someone hear different about financials, or are we in for more of the same, for the rest of the year?
Best,
Biff
I can think of a few questions to ask. Jon must have something interesting to say to put himself out in front of some of us very large and pissed-off shareholders! I better hear that $IMTL has created the mother of all technologies and buyers for this company are lined up! If this turns out to be an appeasement Q&A, I am out, and you all will see the share price fall to new lows for a while! It would take weeks to a month for me to liquidate with such low volume.
It appears it's time to reinvigorate some of that ol' optimism. $IMTL is trading very light which simply means without any news, we could be below a penny tomorrow. BUT, from what I am seeing posted here is this thread there may still be hope for this company to redeem itself. I am still in with quite to load of shares. Let's hope for some great news in the weeks ahead.
As always, my best to you all!
Biff
So does that mean $IMTL is profitable because these coins are slated to return %10? I'd buy some coins if I have substantive financial information, but at this point why throw good money after bad?
I have sent no less than a dozen emails with no response. This will go down as a bad mark for management with respect to investor relations. At least Mr. Adams is down over half his investment, so he can share the pain with us!
I am sure management is feeling the pressure. If this company can be half of what they are saying it can be, then we will be okay, if not, then it's just money, right? LOL
Best,
Biff
Instead of stating the obvious I would like to share what I feel would add some comfort to "me".
1. How about some updates on EVERYTHING they have accomplished or still trying to accomplish?
2. How about some figures on this ICO sale?
3. Have we acquired any new business?
4. When will the next financials be released?
5. Are we meeting the projections stated in the whitepaper?
And finally, if they think silence is going to bring confidence in their management style than they are doing a fine job!
Just an aside: I watched the 1973, western, "My Name is Nobody" with Henry Fonda this past Fourth of July. This has got to be one of the funniest western's I have ever seen. If you haven't seen it you can find it on youtube for free. Watch it if you get the time. GREAT MOVIE!!!
Biff
The management of this company is leaving the investor out to hang while they try, at any cost, to acquire funding. I think this ICO was put together too quickly. This company is clearly mismanaged. As usual, I am interested in the business model and hope the effort they are NOT placing into supporting the share price is being used to build a strong infrastructure!
Best,
Biff
I have not only emailed Jonathan and Larry, I went as far as to email the "Advisors" and other people IMTL listed with regards to any information they could disseminate to me for public consumption. I have never received so much as a thank you for being a shareholder and be patient we are working on big things. I got nothing. I will continue to monitor this blog for news, and limit my complaining to a low whimper because it does no good for morale to beat this stock down when there could be really good reasons for IMTL's silence.
We shall endeavor to persevere!
Best,
Biff
Yes, this has been my chief complaint. I don't care if the news is advising shareholders that $IMTL is behind schedule, having technical troubles, or looking to score a major contract -- SOMETHING is better than nothing. It is this kind of management that does not have my confidence. We are getting obscure tweets, second-hand information and a promise that big news is forthcoming, and it will be HUGE! I don't write this just to sound like a broken record, but to hopefully speak directly to management with the hopes they follow this blog. I can guarantee you there are at least 3 people on this blog that can account for up to 20 million shares -- so, if that is remotely truthful, imagine how many shares are held by all the members of this blog together. The first chance to get out at break-even or a tiny profit can't come soon enough and will be a drag on the stock unless the PR's are so huge they attract more new buyers than sellers for an extended period of time.
All the best to those hanging on. I am still thrilled by this innovative technology and interesting business model.
Best,
Biff
I just received this email from Image Protect this morning. Let's see if Image Protect is putting the effort into their product to back this token!!
-----------------------------------------------------------------------
Hey Johnny!
This is just a reminder email and followup. Remember that you can click here to visit your personal share page at any time.
Image Protect uses blockchain technology to create a new paradigm where both content creators and publishers are fairly compensated for their work.
Given that our tokens are fully licensed security tokens, participating in the Image Protect bounty program represents a truly unique opportunity.
Why?
Because IMAGE tokens earn a recurring percentage of all the revenue generated by our blossoming ad network!
Believe me, you won't want to sell these tokens on anexchange!
Anyway, please keep your eyes peeled for our emails with exciting new ways to earn stakes in the contest.
Yours,
Image Protect
P.S. Please remember that cheaters won't get their tokens. This is a serious program and we want enthusiastic participants that understand and appreciate the value of our project. Thanks!
Don't forget to sign up to get a chance at winning up to 5 million IMAGE ICO tokens! http://win.imageprotect.io/
Good Luck,
Biff
I am no longer frustrated. This is what one should expect from pink sheet stocks. This is why in 25+ years I have never purchased a penny stock. But, and I mean, BUT, this is still a great business model as presented to us and I think we can agree that this could be HUGE with the right people at the helm. We'll get there eventually, or lose it all trying... LOL!
Best,
Biff
I can't see how one would be interested in buying IMAGE ICO without seeing some hard numbers on revenue and projections, especially since these coins are supposed to pay 10 percent! The people purchasing the ICO are exposed to some higher risk than shareholders because we are charting unregulated territory. It really seems this ICO was thrown together real quick without the company producing financials to justify public purchasing of these tokens. How many tokens have been given to all these "advisors"? We will never know because the SEC does not mandate a company to report this information. We are past due for some financials! The only news that means anything to me at this point is: are we growing, and if so, how fast, and what does that translate to in dollar and cents?
Best,
Biff
I have a personal Image Protect Account. As of the date of this post, you can still purchase at a 30 percent discount. My account indicates the following information that may be relevant to some:
Contributed US$ 2999
Tokens sold: 29990 IMAGE
Participants: 4
Crowdsale campaign: 0%
It appears I have to purchase more than 10k tokens to get in. I cannot interpret what I am seeing as a great success, but as always, maybe there is something I am missing. It could also be the reason we do not hear any news. This ICO was never anything I heard about while doing my DD on this company nearly a year ago. Let's hope they can put out some numbers soon.
Best,
Biff
According to my Image Protect ICO account, I see, "Tokens sold 29990 IMAGE"
I am becoming a bit concerned with how quickly this ICO rollout was done and how little marketing the company did to advertise the token sale. As usual, I hope I am wrong, but the lack of any news and the volume drying up doesn't inspire confidence. I am afraid that when news does come the mass exodus will provide a small window of opportunity to get-gone.
Good Luck all!
Biff
Anyone find this a bit strange? I can't see a single token sale.
Have a look: https://etherscan.io/token/0x011051634d5b8e7241af1bc1b399d06ddca61c41
Maybe I am missing something.
I wonder if management read my post, lol! It would be nice to enter the weekend at .015 pps.
I wish you all a happy and safe holiday weekend.
Best,
Biff
Yes, I am concerned about the increase in O/S, but I knew IMTL had to finance their crowdfunding endeavor. What I didn't know early on was they were considering an ICO, which means their early ICO investors are all but guaranteed a 30 percent return. The company becomes the MM for the early stages of the ICO. Now, if you're controlling the potential distribution of 750 million tokens at a price between .07 and .10 (up to 7 times the value of a share of IMTL) do you really care about the pps of the stock? The technology IMTL is using is not rocket science, it is like a hamburger, anyone can make it, but IMTL has distinguished itself as a one-stop copyright business model and that has my interest. I feel IMTL has abandoned their investors and those who invested through minivest by not supporting the .015 pps.
If you read my earlier posts, I never sang the praises of management, in fact, I was excited to see some young fresh faces associated with this company, recently. I have always felt the people running this company could never take it to the promised land. I have been hoping they are trying to set IMTL for a takeover or outright sale. I also gave myself until the end of minivest funding to decide what my next move will be. If we continue on this path I will sell you all some cheap share(I have a lot).
Management will not return my emails. At one point the website was not functioning properly (for god's sake this is your store -- if the door is locked, how can your subscribers monitor their dashboard?) If I sound pissed, I am. But I am not new to this game, only new to penny stocks. in over 25+ years investing this is my first penny stock -- and most likely my last. And as a final statement, management is not doing justice to their investor who are chomping at the bit to get out at ether breakeven, or a small profit as opposed to taking a chance at going long. As always, all the best to those who endeavor to persevere while we wait for all this great news to fall from the sky at some point!
Best,
Biff
I just got this in my email:
"Congratulations!
You have been approved as an accredited investor.
We invite you to participate in our Image Protect token sale.
You may login to review the investor agreement and begin purchasing tokens"
I wonder if I should be excited? I am firmly behind this company and its business model. I want to know if all the structural pieces have been implemented, and if so, what issues are they experiencing: good, or bad?
For now, I don't think I will buy any tokens, nor invest any more $'s in this stock. We'll see what June brings!
Best,
Biff
I wonder why Image Protect in tweeting this link:
http://emerginggrowth.com/eastman-kodaks-nyse-kodk-heavy-bet-on-ico-strategy/
I wonder if they are just trying to compare their business model to KODAK, or telegraph they are open to considering being a takeover target? I never thought current management could take this company to the next level. If anyone has any thoughts -- feel free to inform us!
Best,
Biff
A bit sad that management is allowing the price to fall this low while they are still hunting for 300k from investors @.015 p/s on minivest. Maybe there is a deeper strategy that will shock us. What can I say, I am a bit disappointed with how this token rollout is being kept under wraps. I am very shocked that IMTL management would let the stock price to fall under $.015 for this long without supporting the stock price with news of some kind. This is how these penny stocks get pumped and dumped.
Good luck,
Biff