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I tried to average down yesterday at 0.0008, but my bid didn't get touched...
insanity...it didn't get that low yesterday.
OT: Speaking of Casavant Mining, GOT CMKX?! .....
Just a little bit of Saturday morning humour....
http://cgi.ebay.com/Picture-Frame-CMKX-Stock-Certificate-NO-RESERVE_W0QQitemZ7773979233QQihZ018QQcat...
laptoptrader....this was more of a symbolic gesture...they are listening to their shareholders and responded accordingly.
They could have said "screw you" and left the A/S alone.
Like I said....time will tell. If this time next year, the O/S is over 10 million....then the bashers here will have been right.
laptoptrader....time will tell. According to management, they don't plan on any dilution for at least a year....
Current market cap is $3 million. With the projected revenues.....a $3 million market cap seems very low.
laptoptrader....most companies have a much higher A/S than the O/S. This is very typical. It doesn't necessarily mean they are planning to run the O/S to the A/S.....
laptoptrader...at least they don't have unlimited authorized like I know one company has....
500_and_long....where exactly does it say that they've changed their minds about a 1000 to 1 R/S. It's the authorized share structure that the PR was about.
Go IPRE!
Braden....it's still a 1000 to 1 R/S....
It's still 1000 to one R/S.....it's just the authorized that gets reduced.
pennytrader....think market cap! And think of the revs they figure they'll have this year....
Nuff said.
Imperia Entertainment Board of Directors Approves Rollback of Authorized Shares to...
Imperia Entertainment Board of Directors Approves Rollback of Authorized Shares to 500 Million
BEVERLY HILLS, Calif.--(Business Wire)--June 9, 2006--
Imperia Entertainment, Inc. (Pink Sheets:IPRE) announced
today that, as a result of numerous shareholder requests, its board of
directors has approved an amendment to the articles of incorporation,
to be approved by a majority of the outstanding shares in the
shareholder meeting on June 12th, to reduce the authorized common
shares to 500 million from the current 2 billion authorized shares.
About Imperia Entertainment, Inc.
Imperia Entertainment, Inc. (www.imperiaentertainment.com) is a
company which has emerged as a player in the area of independent film
production and distribution, once monopolized by the major film
studios. In conjunction with its distribution subsidiary, Imperia
International Distribution, the company engages in investing in and
producing and distributing full-length feature films. Along with its
equity interest in the widely anticipated "All That I Need"
(www.allthatineed.net), released in theaters last December and to DVD
in February, Imperia's film properties include its feature film in
post production, "Say it In Russian," "Brothers," by Tarquin Gotch
("Home Alone"), "Never Submit," a feature film on the subject of mixed
martial arts, and the award-winning "Autograph" television series
(www.autograph.tv), which airs on the Colours Television Network.
Also, through its majority owned subsidiary, Muller Media, Inc. (Pink
Sheets: MLMD) Imperia produces family films, such as "Whiskers," by
Jordan Klein ("Flipper," "Splash," "Cocoon").
This press release contains statements, which may constitute
"forward-looking statements" within the meaning of the Securities Act
of 1933 and the Securities Exchange Act of 1934, as amended by the
Private Securities Litigation Reform Act of 1995. Those statements
include statements regarding the intent, belief or current
expectations of Imperia Entertainment, Inc., and members of its
management as well as the assumptions on which such statements are
based. Prospective investors are cautioned that any such
forward-looking statements are not guarantees of future performance
and involve risks and uncertainties, and that actual results may
differ materially from those contemplated by such forward-looking
statements. Important factors currently known to management that could
cause actual results to differ materially from those in
forward-statements include fluctuation of operating results, the
ability to compete successfully and the ability to complete
before-mentioned transactions. The company undertakes no obligation to
update or revise forward-looking statements to reflect changed
assumptions, the occurrence of unanticipated events or changes to
future operating results.
Imperia Entertainment Inc.
James Hergott, 310-275-0089
or
Public Relations for "Say it in Russian"
Lauren Lewis, 310-300-0950, ext. 238
llewis@lcoonline.com
or
Public Relations for Imperia
Vivian Fullerlove, 214-564-3359
musbviv@yahoo.com
Copyright Business Wire 2006
Holy crap.....look at the volume! Close to 100 million in 5 mins!
sparkasse....that's what I'm thinking.
Let's face it, most times a R/S is a bad thing, and the MM's realize that and figure they will capitalize on it. I'm hoping that in IPRE'S case...it isn't necessarily a bad thing. (we hope!)
Thanks. eom
Bid / Ask anyone? TIA. eom
Brandon123.....I think the R/S is a go. It probably won't take effect til Tuesday...
So we might have 1 more trading day of red....
I hope not....I'm getting tired of this thing dropping daily.
My thoughts are that the MM's are having a hay-day shorting this right now.
I sure hope the company puts out some positive PR's after the RS to stop the hemoraging....
Oh....okay, sorry...my bad! eom
Hey...don't delete my post! I'm a IPRE long! I'm just sick and tired of watching this go in the red every day....
Seriously undervalued......yeah, the management made it that way! What a bunch of A-holes......
lukes.....when I first bought stinkpath, there were only 30 million shares outstanding. It then ballooned to 2 billion before the 5000 to 1 reverse split. Most of that was due to toxic convertible debenture financing. And most of the dilution we didn't find out til months after it occured. (They gagged the transfer agent)
There was no formal SEC filing whenever the dilution occured....it would just show up on the quarterly reports. And 3 months is a very long time to dilute!
The most recent financing they signed with Laurus still consists of convertible debentures. The current O/S is somewhere around 4.7 million....but I fully expect that to keep growing.
lukes....sorry to say, they don't have to report it until it's already done...like months after. (look at stinkpath's past) They have unlimited authorized shares they can tap into whenever they want without shareholder approval.
It's like having a blank check directly to the shareholder's accounts!
I'd say he's not so smart. He bought stock in a company with an endless supply of shares and he's down at least around 25%.
Not such a great investment so far, wouldn't you say?
How much of yesterday's volume was newly printed shares?
patootee2003....I think it would be too big of a jump to expect IPRE to list on AMEX or the NASDAQ. If they could graduate to the OTCBB, that at least would be a wee bit more respectable than the pinks....
Nasdaq Small Cap listing requirement used to be $4 per share minimum. I don't think that has changed....
I do have to admit that the pumping/hyping that was going on here for the past little while was a bit nauseating. It got so bad, that I chose not to read a few people's posts. (You guys know who you are)
They do look pretty foolish now, and I hope they realize it.....
Let's hope the company does a bit of damage control. The shareholders do deserve an explanation as to why the R/S now. The excuse that was given in that e-mail was pretty lame....
slickpickle78...I think that was Braden's e-mail, and I believe it's legit. I'm hoping that the company issues another press release on Tuesday to explain their intentions a little bit better.
To me, it makes absolutely no sense to have Monday's 40% haircut when we know that the R/S doesn't include further dilution. Again...it's my opinion that the market over-reacted.
Assuming that they aren't doing this to dilute, then what has changed to create and deserve a lower market cap? Is the company worth any less because of Monday's press release? The market cap was approx. $5.4 million before the R/S announcement. From what it sounds like...there won't be any dilution 'til next year....so nothing has changed to warrant a lower market cap.
IMO....this was a big-time over-reaction. I think the smart money was using Monday's drop as a buying opp.
Mark this post.....I say it takes less than 2 weeks to get back up to the $5.4 million market cap pre or post R/S.....
rwkxxx.....some people like myself refuse to chase a stock. I've been burned numerous times doing that.
I left my bid open last week at 0.0025 for two days before it finally got filled. It was trading at 0.003 when I placed my order. My opinion is that if it got filled, then great. If not...then oh well. I wouldn't lose a lot of sleep over it either way. IPRE is still a gamble in my books. If I placed my order at ask, I'd be down 10%.
Just my trading strategy.....
What's a Greek tragedy?? Ahhh, nevermind, I probably don't want to know!
There's still a chitload of people that bought way below 0.0025. Hell....if I had a guaranteed 5 bagger at this level, I'd consider selling too!
Yawwwwwn....the trades so far:
09:44:39 Q 0.0027 -0.0001 208,000
09:44:03 Q 0.0027 -0.0001 262,500
09:42:28 Q 0.0027 -0.0001 500,000
09:41:29 Q 0.0029 +0.0001 41,300
09:30:05 Q 0.0028 - 15,000
09:30:05 Q 0.0029 +0.0001 15,000
09:30:05 Q 0.0029 +0.0001 31,250
09:30:05 Q 0.0028 - 31,250
johnston101....how do you figure?
I have these as the trades so far....
09:33:27 Q 0.0028 - 3,500
09:33:27 Q 0.0028 - 200,000
09:32:10 Q 0.0028 - 355,800
09:32:09 Q 0.0028 - 175,000
09:31:07 Q 0.0028 - 5,000
09:30:39 Q 0.0028 - 196,000
09:30:05 Q 0.0028 - 354,000
Funny you should mention mach....I posted to him on the RB IPRE board a short while ago. (I'm skruggs over on RB)
I asked him how his cmkx pump was going!
Janice....any thoughts on how long it will take some of these cmkx'ers to figure out that they were taken for a ride?
I can't believe that after all this time, some of them are still counting on their "soon to be" riches!
Someone over there on RB is smoking waaaay too much crack!
Wow...I guess this board is officially dead, huh?
Where's all the cmkx touts?
woodrots....funny how the cmkx pumper clan still want to believe that urbie is going to make them filthy stinkin' rich...
IMO...it's truly pathetic!