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Friday, October 27, 2006 11:15:51 AM
I was talking about florida123's post..... you will have to dig it up. There is a reason that the MM's are betting against IMJX. That would be that they are doing a death spiral with dilution to continue operations and that there is little if no hope for the company to get into this market. When you develope pictures, how do you do it. I plug the memory stick from the digital camera into my printer and then it prints or I hop into Wal-Mart and drop the memory stick off and do some shopping and I pick them up within an hour. Why would I go to a kiosk? There are 1 hour photo-type marts located all over whever a market is needed. I was thinking that these kiosks would work great on cruise ships and then realized that they already have 1 hour development in place. If you take this last run that IMJX had it would be fair to say that most did not care about what business IMJX is in...... it was the NOBO and the short squeeze. We all know who sold into that and where the situation stands right now. At the current rate of dilution and the current volume it will take the company until early next year to finish a 1.5 billion dump. Then what? I suspect a R/S and an increase in restructering of the authorized shares........ how else will they fund operations? With the stellar loss in shareholder value one would expect the company to address the situation..... but there has been no concideration from the company. Why? They did it! Simple as that eom.
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