looooooong gone !!!!!!!!
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Oh man !!! Put me on the spot!!!!.....
Although tigers have stripes and leopards have spots, here's my answer:
This is, and always has been, a gamble. I haven't the slightest idea where it goes from here.
I know at .06 per share , I am pretty safe re losing money on this stock.
Everything revolves around whether we get FHA approval or not.
It's a "guts" play all the way.
“The only real failure in life is the failure to try.”
George Bernard Shaw Quotes
fha
Thanks to everybody who answered.
There truly is a cross section of America here.
May we all realize our dreams ( and , hopefully, they are not JUST dreams!!!!)
It's not important whether Dean "looks out" for shareholders or not.
Shareholders need to look out for themselves - just as DJis looking out for himself.
It's the way humans operate......so watch out for yourself as no one will be holding your hand
No specific reason for asking....more curiosity than anything else.
Wanted to get a sample "cross section" of investors in IMGG, their experience re investing and where they stood re profit /loss from their first purchase.
Since people are answering ( thank you) here's MY info:
I own about 10 stocks in addition to IMGG - any more and I lose track of them
I don't recall how I heard about it. It was 4.5 years ago ( late 2006) and I was in contact with Mike N. shortly after buying my first shares
My initial buy was at .13
Question for the board?...........................
Is IMGG your ONLY stock?
How did you first hear about it?
At what price did you buy your first position?
Just curious
Some of the info recently "uncovered" is certainly helpful in seeing the entire picture, and I am thankful for being able to see that whole picture.
But I don't think that the constant negative , and questioningly truthful, posts here are beneficial in any way to new investors. The "older " investors have taken positions in one "camp" or the other.
Nothing will change in that regard.
While it was going down ( .85 to .15) where did you set your stop losses?
Did you sell at that price?
If you didn't, is that Mr Jane's fault? After all, you claim that he and his buddies were selling. Why didn't you?
IH Admin [Dan] Member Profile IH Admin [Dan] Member Level Share Thursday, February 10, 2011 1:47:00 PM
Re: None Tweet Post # of 38710
Folks please stay on topic. The only topic to be discussed here is IMGG.
There have been too many deletions here recently. Please take time to read these rules so that you will understand why posts have been deleted:
http://ihwiki.advfn.com/index.php?title=Handbook#Deletion_of_Posts
Any time you post about Users or reference groups of Posters (bashers, pumpers, cheerleaders, naysayers, Mods, etc.) in your post, this makes your post subject to removal as off-topic and/or personal attack. Posts about deletions are also Off Topic.
Your messages need to focus on the company and the stock and should not contain comments about people who post on the board. Other posters are never the topic of the board.
To those who received restricted posting here for their TOU violations. In order to have that released you need to post for two weeks without violating the rules, then ask for Admin to review.
If you have any questions send me a PM.
NO public replies please.
Ms Mugs-yes, I agree,we are all victims.............
We've been done to. We had no say in what we could have done with our shares.
If we were disciplined traders, we could have sold our shares when our stop loss price was reached.
But "No" - we were helpless in the overpowering influence of what a lowly
penny stock CEO was putting out as information.
Yes, we believed him - and we made our choice to stay or not.
But, you are right , we are VICTIMS
Might as well forget about any communication at this point.
I think Mr Janes has taken recommendations to keep his mouth shut
to heart. And I am glad that he does so.
IMO, the next communication will be to announce the submission
(once again) to the FDA
Chart update..............................
Not a whole lot exciting to report tonight.
Basically, good news -- well it did close at no change from yesterday, and didn't close down. Good news, yes??
I don't think I ever explained what the different color candles mean, so here goes:
A white ( clear) candle means that the price closed above the open price
A black candle means the price closed below the open price
A RED candle means that the day closed lower than the previous day's close. Really don't want to see red candles !!!
The thin lines extending up from the top of the main candle ( called the body) or down from the body are called "shadows" -- I have heard them called wicks or tails. The Japanese chartist who invented the system would be spinning in his grave !!!
So, today closed at the same price as yesterday, but lower than the open
The last 3 days have challenged the 50 dma, but have failed to close above it.
The last 3 days have, however, closed above the 20 dma-- the orange dotted line ( encouraging)
.15 has re-established itself as support, and I would add -"strong" support based on the history.
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=3&dy=0&id=p00487846919&a=195071609
Have a nice weekend all including Ms Mugs and AT
Just a guess here Lamb, but it might have something to do with the lawsuit from Bogdan. Did it disappear after DJ was served papers?
Are you filing a lawsuit?
If not, why not?
Lamb-I completely understand your position.
Believe me, I don't condone for one minute a CEO outright lying to stockholders.
I guess the dead horse I keep beating is : OK -- It happened, it's the past, go on from here.
The constant refrain over and over and over again is just mean spirited and doesn't accomplish anything positive in terms of how to handle your investment strategy from this point on.
Unfortunately, all lines of communication have been cut off. It leaves the shareholder pretty much on his own to decide where to go from here.
You are obviously not one of the mean spirited ones, and you were asking legitimate questions, I'm sure. I really didn't check in to Facebook very much, as I judged it very unprofessional on Dean's part. And I hated the Money spots - got to be a joke re " Any minute now I hear from the FDA"
So, I am obviously not defending Dean's actions in the past. I hope he has learned from the experience, and , hopefully, we can all move on from here.
Personally, as an aside which I can't prove, I think there is a functioning machine ( Machine #3 mentioned in the SH meeting)
I have been adding shares the last few days --- so I am willing to put money back in the game at this point
Homer-Dean did set up an open forum format which lasted for a few weeks.
Then it turned into a "Let's dump on Dean" forum, so they took it down
Probably the same amateurish behavior that Facebook faced, and that certain message boards face.
As usual, it's the few rotten apples in the barrel that spoil it for all
So, cabo, were you a willing participant to be conned?
Think about the answer before you say " NO, I was a victim of a scam artist / a con man"
Before you say " I had no choice - Dean Janes is such a good con man he fooled me completely".
"I am a fool for falling for this con game"
Now, were you willing to be fooled? Look a little deeper than just your victimhood, if you have the cajones to do so.
For every con man there is a mark who has to agree to the con. Why did you agree?
A short philosophy of life which I hope remains on the board for all to read
Dean Janes has made some mistakes. Haven't we all? Maybe, instead of anger, which is non-productive, we can find it in our hearts to instead give forgiveness.
I'm not here to preach any dogma, but as a human being who has screwed up plenty in his lifetime, and has managed to find forgiveness from those whom he has hurt, I am willing to give a fellow human being ( Dean James ) another chance.
If he has purposely injured another -- then an apology of some sort is in order. If that apology is not coming - then the ball is in our court. We can harbor resentment and anger towards Mr. Janes, or we can see ourselves in what he has done, and forgive ourselves.
This is probably deeper than most here care to look at, but it is how I live my life.
Maybe you could at least take a look at your own selves and find forgiveness for a fellow human being, who is nothing more or less than a reflection of who you are.
Chart update.....................................
Of importance to note:
We are back to having .15 as support again. The way it works is that a support , once broken decisively, becomes resistance.
When that resistance is broken decisively, it becomes support.
Frankly, I expected .15 to be much stronger resistance. The fact that is was broken easily, tells me there is inherent strength in the stock.
Momentum indicators also indicate strength.
I don't know WHY it's doing what it is doing, but I only see that the pps is gathering strength, rather than the erosion we have been seeing up until a few days ago.
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=3&dy=0&id=p52517292563&a=195071609
stockmaster-I read the case and it is interesting how similar the charges are.
The difference between that and what I see written on this IMGG board is that the case you cite WAS brought to a court of law and the CEO was found guilty.
The IMGG case cannot be tried on a message board. That is very unfair to Mr. Janes as some very nasty accusations have been made, to which he cannot respond.
I just think enough is enough with the constant repetitive , and possibly libelous, postings that are the bulk of the communications here recently.
Let those who think they have a legitimate cause for legal action, take it.
That's walking the walk, not just talking the talk.
stockmaster-well, you have kind of proved my point with your example
"He later regained his composure and proceeded to drop another $30 grand on yet another penny stock scam"
And I guess this was the new CEO's fault too, eh ?
The point I've been trying to make is not to condone what Dean Janes did or said. IF he was attempting to hoodwink investors for his own personal gain ( and I'm not conceding that he WAS doing that) then it is a personal failing and MAYBE even a crime. A crime that is burdensome, time consuming, emotionally difficult, and expensive to bring to the judicial system - which is the ONLY way it can be proven.
There are lots of people here who lost money. I feel badly for them, but to point the finger at Mr. Janes and claim victimhood is just not enough. There is the personal responsibility related to getting into a speculative stock without knowing what they were doing.
Now THAT is the equivalent of going to Las Vegas without being a professional gambler who knows what he is doing, and claiming the house cheated them because they lost money.
They shouldn't have been in the casino to begin with.
I haven't heard many (if any other than myself who admitted an error in judgment)) who are taking personal responsibility for getting in over their head, due to ignorance or lack of experience on their part.
That's where I see the cause to lie for their losing their money.
They took a gamble and lost to the house.
stockmaster and kimble-and how do you personally plan to do that?
I guess that would mean that you plan to enter into a class action suit or bring an individual suit against Dean Janes, the penny stock CEO liar and conman.
Is that how you are going to handle it?
Lamb-thanks for the accolades, but what you say gives me more credit than I deserve
"But congratulations to you that you can always read through all the nonsense, and no matter what the source is of the information provided, regardless if it comes directly from the CEO himself, does not effect your decision making process whatsoever."
I, too, made a poor decision at some point and DID believe in the hype and hope being put out by Dean and some on this board. I WANTED to believe, so I didn't trade by the charts, which were telling me to sell. I didn't until later when I had lost a significant amount of money.
The difference is, I'm not sitting here declaring my victimhood. I screwed up and I lost money - a lesson I will not forget easily.
MY bad and my bad ONLY........that's the difference from what I am reading here.
Yup-you're right...........
Dean Janes is a lying scumbag who bilked people out of their money.
They are victims and should sue him and send him to jail.
They weren't responsible for their investment decisions - nope- they are victims of this lying, no good piece of human garbage.
So many victims of this perpetrator - he must be made to suffer for those indignities
committed on his victims
Enough already!!!OK-Dean Janes lied.......
Now what?
Two choices:
1) Realize he is a human being with his own faults and ego.
Aren't you ? We usually judge in others what we judge in ourselves.
Go on from here with your analysis of whether IMGG is the stock for you with a CEO that has lied in the past.
Hold your shares or buy more, whatever makes sense to you.
2) Play the blame game. Be right about Dean Janes being a no good scum bag, who can't be trusted in the future. Believe he has lied about a machine that works, and therefore there is no machine.
Sell your shares, for Pete's sake, and go use that money somewhere else where the CEO is a perfect saint who always tells the truth to the stockholders ( good luck with that !!!)
longrun-if you could post the name of the company and a link to the FDA material,
your post could be very helpful to help get the IMGG situation into perspective
Without the link, the info has no teeth.
It's DR (for real) - and I'm glad they helped.
I post them for everybody , hopefully to help them do what you did.
Glad you learned something
sano - absolutely, emotions are a good thing for a human being to feel..... all emotions
( mad, glad, sad or afraid)
It's just that making investment decisions from that space is not a good idea.
I was very specific in stating that
kimble-if anyone's "spirits were crushed" then developing thicker skin is recommended before investing time , energy or money in any stock.
Having one's spirits crushed involves being emotionally involved with a stock or , in this case, with the actions of Dean Janes. It's obvious people here got angry about his actions.
And what does one gain from feeling that emotion? Nothing !!!
What changes in the past in feeling that emotion? Nothing!!!
So Dean did what Dean did. Why should what a CEO of a company does affect one's spirit?
I value my spirit higher than to let something like that "crush" it.
If you are a seasoned and disciplined trader, then these kinds of things shouldn't affect you.
If they do, then stay out of speculative stocks and invest in something "safer"
Many people here invested in this company ( many are first time investors from what I read here) hoping for the big killing. So , hopefully, they learned about spec stocks and will think twice before buying another one.
dean dis.
Lots of volatility today with app 354 K shares traded so far.
I think there is something up. Might take a nibble towards the end of the day.
Lamb-I think Dean has learned his lesson from the FB experience.
I would bet he will be very tight lipped about any and all business
related issues. I wouldn't count on any "voluntary" info coming from
him.
Just look at what happens on this board with ANY info that has been
publicized - he is restricted from answering back to all the mud slinging
and downright fabrications that are put out there without verification.
He's in a no win situation and I doubt highly we will get any info
until some event that must be published happens.
at-thank you once again for your deep insight into the personalities of
the officers in the headquarters of IMGG.
From your analysis, I presume you have met with and spoken to both MN and DJ.
When exactly did those meetings take place?
Where did they take place?
How exactly did you ascertain that MN was a pupet (sic) for DJ?
Since I have apparantly been hoodwinked by MN, I desperately look forward
to your information, which I am sure will be forthcoming
I hope my charts help you all to see another aspect about investing.
It takes me more time to type the explanation on the board than it does to work up the charts, although I usually don't place all the notes on the charts that I use privately.
Sharing them with others is "payback" for the kind and patient mentor who taught me.
Chart wrap up..............................................
I am very encouraged by today's close. We broke the downtrend line and the .15 resist with conviction.
The 10 dma, the 20 dma were broken and the close was right at the 50 dma.
The candle pattern for the last three days, while not a perfect classical "three outside up", it was close.
That pattern has a high degree of accuracy for leading into a nice trend change.
The volume was decent for this stock, and if you look to the left of the chart, the pink and gray bars are price-volume bars. Without getting too complicated, if we break out thru approx. .163, there is little resistance to a further move up, which can be rather quick and exciting.
A good day technically, and I'm sure there is good news coming ( well, maybe more hoping than sure )---:o))
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=3&dy=0&id=p26004265632&a=195071609
lobcrab-the charts reflect what is happening-they do not "drive" the pps per se.
From the patterns seen re what is happening, certain outcomes become more probable than others, based on historical patterns.
A chart is a lagging indicator, but is useful to increase one's chances of being on the right side of the trade, based on experience in interpreting the patterns.
The fundamentals are the drivers in any event.
In America, anyone can sue anyone else for anything - be it real or imagined ( and it helps when the plaintiff is a lawyer!!!!)
Now, proving it is an entirely different thing. I'll be over 70 years old if this ever gets to see the inside of a courtroom.
I'll be happy if I remember what IMGG stands for by then ---:o))
Chart update - I am liking this !!!!!!
We have broken out convincingly from the downtrend line, the 10 dma, the 20 dma and most importantly, the STRONG .15 resistance.
The momentum indicators are in a definite reversal mode to being quite positive.
Now this is intraday, and we must CLOSE up here to be meaningful, but this sure is encouraging.
The chart represents the "mood" of the investors, and that mood can be traced back to some kind of knowledge known by a group....let's call them F&F for short.
I believe there is a significant number of them ( an opinion on my part as I can't prove it) and that will be reflected in the volume of trading.
Let's hope this is reflecting a fundamental change in things.
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=3&dy=0&id=p32500252740&a=195071609
at-maybe you should look at the chart again.
The bottom was .029, not .04
Accuracy counts when interpreting technicals.
Ms. Mugs-Once again I must thank you for constantly coming up with new
and interesting information. It must take a great deal of time to research it
as deeply as you do.
I would be interested in seeing the communication with the FDA that brought you to this
conclusion.
"They know that he has been using them to scam investors and that
the device just does not work"
As careful an investigator as you have shown yourself to be, I'm sure you have some
documentation on it.
It certainly would prompt me to sell my shares and initiate a law suit against Mr Janes,
since the FDA would be backing me up.
Please post that documentation for the edification of all of us.
Then those "investors" should have had stop losses in place and acted on them.
If they would have sold at the appropriate time they would have had a nice profit also.
I just don't get that people who aren't disciplined in their trading are victims of anyone.