I don't want to burst anyone's bubble but I am a MAJOR shareholder of this company. I began investing in $IMTL when they changed their business model to go after copyright infringements. Jonathan Thomas helped fund this new endeavor. In 2017, I felt that no one was addressing this copyright issue in a way that appeard aggressive enough to make a difference for the copyright holders. So, I read about $IMTL and found that their archaic way of going after copyright infringement cases was the best we had out there on the web so I begin investing, starting at a pps of .027! That's right people, .027, and when the price fell, I BOUGHT MORE! And when Jon left and turned this company over to Larry (The "LOSER"), I drank the Koolaid. I went through all the emotions I see here on this board today. Excited about the future. I believed I was sitting on the cusp of a new internet business model and I was close to making some obscene money; well, let's talk about what happened to me and many others!
$IMTL needed a cash infusion and searched for cash via "minivest.com" where they priced this company at $.015 per share (less than 90 million outstanding). I was filled with excitement waiting nearly a year for the funding to complete so the company could open its new office in New York and another in Asia somewhere! Things were getting ready to HAPPEN!
The days of minivest came and went and my attention was turned to the new "IMAGE" token and the upcoming ICO that was on the horizon! The company had produced a full business plan around this new alt-coin, complete with timeline and investment opportunities for those willing to buy their token. This was another way of $IMTL trying to raise cash! I waited almost another 7 or more months for the actual clock they had posted on their website to click down to zero for the token to go live! I followed the company closely and never asked what happened to crowdfunding through minivest? I attended IMTL's 2-webinars regarding their token ICO and even asked questions regarding IMTL's business plan. The geeks who were in charge of this "IMAGE" token were as dumb as Larry (The Loser).
I kept the faith because Larry (The Loser) was releasing Form 4s indicating large purchases of $IMTL at .015 and higher and if Larry (The Loser) is buying, why shouldn't I? I mean, Larry (The Loser) has got to know more than I! So, I kept the faith! The ICO turned out to be another LOSER idea in a long string of loser ideas by Larry and his gang of geniuses! But, the mm's did what mm's do; they spiked this dog on the way down, each time making you believe that BIG money was right around the corner. And each time I didn't sell into the spike for fear of missing out on the tens of millions I was potentially sitting on, I watched my $IMTL holdings dwindle to as close to NOTHING as they could get! Back then we were lucky to trade 1 million a day.
I tried to get a hold of Larry (The Loser) by phone and email. it appears I do not own enough shares to have this failed CEO return my phone calls. I am an accredited investor and for those of you who know what that means, I am a serious man with serious money. None of that meant a thing to Larry (The Loser). It appears Larry only speaks to other people or sends out a tweet here and there.
At some point I was willing to collapse the stock by selling 10 million shares on the open market out of spite (this was back before the new MM they hired and when were trading less than a million shares a day), but I didn't need to do that because Larry and his gand did a fine job at collapsing the share price for us! Now, 10 million shares can be purchased by anyone John Q investor.
So, Why I am I making this post? If you look me up you will see that I have only posted on one stock, $IMTL! I have never invested in penny stock in my 25+ as an investor. I feel like a fool for putting money into this DOG of a mismanaged company.
So, this is how things usually go down. The PPS slowly declines and prepares for a spike. The news comes out preparing for the BIG MOVE NORTH and excitement is generated, new people are drawn in to create liquidity so the smart people can make 300+ percent in each spike and keep the hype going while the stock slowly retreats even lower than it was before the spike! I really could care less if anyone who reads this post believes me or not. I could care less if you think I am full of crap. But for those who are willing to take my advice, I am posting this to help you profit from this dog in both the long-term and the short-term. Look at the last 2-years of trading. Because the share price is trading so low, have at least one million shares to hold and whatever you have above that use to sell into the spikes. The next spike should take us to .0025 or a bit higher before we collapse again. Set your sell order. Rinse and repeat your way to owning your million shares for nothing!
Is this company for real?
Yes and no. Larry is a complete moron. Larry has about 100kk of his own money in this dog. Larry is no rich guy, so I assume like most people, he did what desperate people do to raise that kind of cash, maybe refinance his 500k home, borrowed from family, or whatever he needed to do to raise that kind of cash, but Larry is hurting worse than me! I don't believe this company possesses a technology that can't be programmed by a 3rd rate 8th-grade tech hobbyist. What $IMTL is selling is an "IDEA." IMTL's management has no clue on how to market that idea, or we would have venture capitalists taking an early position in this company and giving it a cash infusion. But that is not what we are seeing, is it? Where is the big-name movie or song artist, or sports superstar lending their name to this BILLION DOLLAR business model? We got a pornstar and not a very good looking pornstar at that!
I don't post often, but when I do, I suggest you PAY close attention to me whenever I take the time to post. I receive PM's but will not answer them. Pay attention to the signs. They always start with some $IMTL cheerleader claiming they heard from the CEO and great things are coming real soon! The price declines, the company puts out ridiculous PR's stating how big the market share is for this IDEA for which they alone possess the technology to capture a large share of said billions! The price moves north drawing in new blood and sucking the blood of the longs that are dug in!
Until we see that this company has the ability to make a penny, this stock should be considered a failed investment with failed management who are sitting on a billion-dollar idea and no ability to sell that idea. Use my previous posts in your due diligence.
Now, remember, Larry (The Loser) owns about 38 million shares, so if they can hype this company and Larry can let 50 percent go, Larry, can become nicely enriched while they watch this dog fade away into that good night!
Good luck all,
Biff
caveat emptor
P.S.
I am still buying trying to bring down my average share price. I will be selling into any spike above my average share price.
