This type of action is very common with these ultra-low float, undiscovered stocks imo. As soon as the exposure and volume increases, that will go away, and the increase in volume will also draw technical/swing traders who will compound the effect exponentially. I have very little doubt about seeing this over 1$ eventually, but if the stars really align with a homerun then I think this wild market could take it to 5+$.
Just have a look at the OTC peers in this market. You will not be able to find another 6M$ company which is a) audited and fully reporting, b) about to uplist to QB. If you do, let me know lol, because everywhere I look I am seeing dark, non-reporting shells running to higher valuations than IMCI because of micro-catalysts which don't compare to even 1% of what IMCI has going on. And the companies with actual news/operations? They are running huge this year, just look at SIRC, ALPP, TSNP, IQST, INKW, and others. I don't see why IMCI won't be next, especially since as the SEC suspensions continue, investment dollars should flock even harder into the legit, audited, current opportunities like IMCI.
So for me at least, the downside risk of buying IMCI at 20 cents in this market environment is basically nil. Even if IMCI were a clean empty shell co with an OS of just 29M, it would trade around 20. So obviously IGI Cybersecurity should trade much, MUCH higher, especially since they are obviously about to increase their PR by a ton - hiring Goldman Research, retaining Bluetext, and especially partnering with LaunchPad IR. Just email them and they'll confirm any of this very rapidly. I'm holding on tight.
Disclaimer: All of my posts represent only my personal opinion and should never be taken as facts or advice by anyone, for any reason.
Recent IMCI News
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/15/2024 09:02:30 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 10/16/2023 09:01:00 PM
- Form SEC STAFF ACTION - SEC Staff Action: ORDER • Edgar (US Regulatory) • 09/20/2023 04:00:07 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/14/2023 08:51:28 PM
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