Image Protect Inc (IMTL)

[biffbifford]

Interesting TA. I think what is missing in your analysis is the probability that IMTL has been diluting the stock to raise cash, which is why we have seen the price suppressed. They reserve the right to float 3.5 billion shares, and while I don't keep a close watch on this crappy company much these days, I think they have at least another billion to unload. There were less than 70 million shares when I made my first mistake and bought this company. The dilution is easy to see why the stock price has diminished 26 times my first investment and is holding steady on crappy news releases, a standard operating procedure for this company so they can sell shares in the folly. We will have to see if IMTL can bring in some REVENUE, and we are many, many, many months away from that day. The first quarter of 2020 will determine if this is a real company with an actual business model. Until then, they sure talk a great game: good luck -- keep the pressure on Larry the Loser, and be thankful, Loser Larry has over 100k of his own money in this dog. It's the only reason I am still here!

And be wary of the one who posts that they just spoke with management and great news is forthcoming. The MM's have abused that story endlessly and those ppl are all but gone -- yet for some strange reason, I remain! Go figure!

Happy Holidays,

Biff