seabiscuit Good Letter
That is constructive IMO not B/S
Letter to CEO :
Dear Mr. Hergott :
I am an investor in IPRE.pk .
May I present two examples of successful reverse splits . MicroStrategy is an industry leader on the Nasdaq , ticker MSTR . The stock had been egregiously manipulated by groups of people who profitted from the stock's demise , ie legal
and illegal shorting of the PPS to under $1.00 . The CEO addressed the company's shareholders and all public investors with their corporate plan and the necessity to reverse split the stock at 1 : 10 ratio , with the company's outstanding shares now standing at 13.5 million ( combined Class A & B ) .
The stock price has risen from $4.50 post split to $93.00 .
InfoSpace , ticker INSP is another example of a stock that had been pummelled to .45 cents through manipulations by groups of people with nefarious intents . INSP's outstanding shares are now 31 million ( post split of 1 : 10 ) and their PPS is now over $20.00 .
My point to you , Mr . Hergott , is that Imperia Entertainment boasts of milestone accomplishments for the Company , with the company's future prospects that WILL BE envied by the investment community and by the entertainment world .
My issue is not with your ( or Mr. Eades ) need to reverse split the trading equity of IPRE.pk , but my concern is with your timing that is evidently consequencing the current PPS .
As with MSTR and INSP the timing of their respective reverse splits coincided with strong fundamentals and verifiable forward guidance . The effects of their reverse splits were both very positive .
If I may suggest to you , Imperia Entertainment could wait to reverse split the company's stock until the company has verifiable revenue contracts for
All That I Need / Say It In Russian / and other finished or near finished movies .
The stock should benefit greatly from such progressive events and with a stock price that theoretically could rise to well over .01 to .04 cents you could then announce the Company's plans to reverse split on a ratio of 1:20 to 1: 50 ,
rather than the proposed 1 : 1,000 .
In summation , my learned opinion is that reverse splits from a position of verifiable growth can have very positive effects on a trading equity , and conversely , reverse splits from a position of perceived or real weakness have commensurately negative effects on a trading equity .
By publicly rescinding the Company's intentions for the planned reverse split until Imperia demonstrates financial growth , you would provide investors the opportunity to be part of your corporate plans instead of victims to the current , negative market reaction .
I hope that you will consider other viable options than the course you and Mr . Eades have chosen , as expressed in Imperia's latest news release(s) .
Sincerely ,
Renee H. McAlister
