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
