Monday, October 02, 2006 2:58:14 PM
With respect to this company, I expect some major events to come in the next week or so.Now that is my opinion.
My thinking is based on the company's business model that denotes much of their sales and picking up distributers is summer and upcoming Holiday season oriented..If they can't get something going NOW we will have lost the MO-MO...As with many companies starting a new year,the first quarter is lackluster and Tradeshow oriented..Not much on substance.
As well,they are growing their O/S at a rapid rate see current numbers below.This is going to be a problem when they spent all the shares and either needs to increase,which I think they will do rather than the split.
Right now,I'm willing to give them another couple of weeks maybe a month,but closer to the end of the year will not help.If they can't get something by Thanksgiving you may as well hang it up for this year and the first quarter of 2007..Look for spring as the earliest.
As far as the SEC,forget that..The company isn't doing anything that would require action by the SEC on shareholders dissatisfaction for lack of news..The egregious conduct towards shareholders is not SEC material as it is outside of the accounting realm and stock trading..The fact that management doesn't give a S##$% about shareholders is not their concern..I've stated recently that management is ignorant and arrogant in their behaviour and for that the SEC isn't the answer.
Current Figures as of close Friday.
As of 9-29-2006 there were 807,099,302 shares outstanding with 716,552,766
free trading shares and 90,546,536 shares restricted for ImageXpress.
Thank you
Jason M. Bogutski - President
Signature Stock Transfer, Inc.
2301 Ohio Drive - Suite 100
Plano, Texas 75093
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