Image Protect Inc (IMTL)

[Sampleandhold]

https://backend.otcmarkets.com/otcapi/company/financial-report/273722/content


Click the link above for the real letter!!!!
NOTE that in Feb and even March 2 of 2021, the company provided all documentation for review for 2019 and 2020 and no inconsistencies were found!!



149 S. Lexington Ave. Phone:[phone]
Asheville, North Carolina 28801 www.eilerslawgroup.com
eilers law group, p.a. |149 S. Lexington Ave | Asheville, NC 28801 | 786.273.9152 Page | 1
OTC Markets Group, Inc.
304 Hudson Street, 3rd Floor
New York, NY 10013
March 10, 2021
Re: Legal Opinion for Image Protect, Inc.
Dear Sir or Madam:
This letter is in response to the request that we express our opinion as to the accuracy and current
nature of information provided by Image Protect, Inc., (“IMTL” or “the Issuer”). This opinion
letter is intended only to be relied on by OTC Markets Group in determining whether the Issuer
has made adequate current information publicly available within the meaning of Rule 144(c)(2)
under the Securities Act of 1933. Accordingly, we grant OTC Markets Group full and complete
permission and rights to publish this letter through their OTC Disclosure and News Service for
viewing by the general public and requisite regulators.
In connection with rendering of this opinion, we have investigated such matters and examined
such documents as we deemed necessary and relevant as a basis for the opinion hereinafter set
forth. This opinion is expressed solely on the facts and assumptions set forth herein and is
specifically limited to the investigation and examinations stated.
In our examination of the documents, we have assumed the genuineness of all signatures, the legal
capacity of all natural persons, authenticity of documents submitted to us as originals, the
conformity with originals of all documents delivered as copies, and the correctness of the facts set
forth in such documents when the facts were found to be outside the scope of our examination.
For the purposes of rendering this opinion, we have assumed that no person or entity has engaged
in fraud or misrepresentation regarding the inducement relating to, or the execution or delivery of,
the documents reviewed. Furthermore, we express no opinion as to the validity of any of the
assumptions, form or content of any financial or statistical data contained therein. We have
gathered and relied on information obtained from public records, officers of the Issuer and other
sources. We also find the following documents, due to their nature and source, to be selfauthenticating: certified records of regularly conducted foreign and domestic business activity,
public records and reports, domestic public documents under seal, foreign public documents,
official publications, and other acknowledged documents.
We acknowledge that the Issuer has provided the following filings (collectively, the “Filings”):
Filing Date Published to OTC Markets
Annual Report for the year ended December 31, 2019 2/26/2021
Quarterly Report for the quarter ended March 31, 2020 2/26/2021
Quarterly Report for the quarter ended June 30, 2020 2/26/2021eilers law group, p.a. |149 S. Lexington Ave | Asheville, NC 28801 | 786.273.9152 Page | 2
Quarterly Report for the quarter ended September 30, 2020 2/26/2021
Annual Report for the year ended December 31, 2020 3/2/2021
In our opinion, the Issuer’s Filings and accompanying unaudited financials published on the OTC
Disclosure and News Service:
(i) constitutes “adequate current public information” concerning the securities
of the Issuer and “is publicly available” within the meaning of Rule
144(c)(2) under the Securities Act of 1933;
(ii) includes all of the information that a broker-dealer would be required to
obtain from the Issuer to publish a quotation for the Securities under Rule
15c2-11 under the Securities Exchange Act of 1934 (the “Exchange Act”);
(iii) complies as to form with the OTC Markets Group Guidelines for Providing
Adequate Current Information, which is available at:
http://www.otcmarkets.com/content/doc/DisclosureGuidelines.pdf; and
(iv) has been posted on the OTC Disclosure and News Service.
In our review, we have been cautious to the presence of any information that reasonably indicates
the existence of material inaccuracies or any information that would indicate the source of the
materials to be unreliable. We cross-referenced the documents listed on the OTC Disclosure and
News Service with other documents and information made available to us, as well as with other
information we obtained independently from outside sources. Through the exercise of reasonable
diligence, nothing came to our attention during the course of the examination that led us to believe
that any documents presented to us were not genuine or authentic or that the facts set therein were
untrue.
The unaudited financial statements disclosed by Issuer have been prepared by Richard Edleson.
Mr. Edelson is the founder of Get OTC Current. He has over 20 years experience in accounting
for hedge funds and their portfolio companies. Mr. Edelson was the CFO and Director of Due
Diligence for Royal Bank of Canada’s Alternative Asset Management practice and The Laurus
Family of Funds. While at RBC he was responsible for all the finance, accounting, due diligence,
and investor relations functions of the organization, including activities such as billing, invoicing
and investor reporting to more strategic initiatives such as financial analysis, and price modeling.
During his time there, Richard helped grow the net assets from $27 million to $1 billion. Prior to
that, Richard gained experience with a number of organizations. He held financial management
positions with a variety of companies including Bricolage Capital which specialized in FX
currency hedging, The Blackstone Group and UBS Warburg. Richard holds a BS in accounting
from Long Island University.
The Issuer’s Transfer Agent is Olde Monmouth Stock Transfer Co., Inc., 200 Memorial Pkwy,
Atlantic Heights, NJ 07716. Olde Monmouth Stock Transfer Co., Inc. is a registered Transfer
Agent with the Securities and Exchange Commission. A shareholders list provided by the Transfer
Agent as of March 10, 2021, was cross-referenced with the other information provided to us by
the Issuer to determine the number of outstanding shares set forth in the Information and
Disclosure Statement.eilers law group, p.a. |149 S. Lexington Ave | Asheville, NC 28801 | 786.273.9152 Page | 3
We have personally met with the Issuer’s CEO and Board of Directors. We have also reviewed
the information published by the Issuer through the OTC Disclosure and News Service and
discussed the contents of the information with the Issuer’s management and directors. We have
not discovered any instances that would indicate that any officer, director, 5% holder, or counsel
of the Issuer is currently under investigation by any governmental authority for violation of federal
or state securities law.
It is our opinion that the information contained in documents the Issuer has listed on the OTC
Disclosure and News Service satisfies the requirements of OTC Markets. Accordingly, based on
our review, it is our opinion that there is reasonable basis to support the belief that the information
provided by IMTL is current and accurate, the sources of the aforementioned information are
reliable and otherwise in compliance with the requirements of Rule 15c2-11 and OTC Markets
Group’s Guidelines for Providing Adequate Current Information.
The Issuer has made regular reports with OTC Markets since 2015. In reviewing the Issuer’s current
filings, we do not believe that the Issuer as currently deemed a “shell company” as defined by Rule
405 of the Securities Act of 1933, having more than $825,436 in total assets. However, the Issuer has
gaps in its reporting to the Securities and Exchange Commission and may have been determined to
have previously been deemed a “shell company.”
This opinion letter is based on our knowledge of the law and facts as of the date hereof. We assume
no duty to communicate with you with respect to any matter that comes to our attention hereafter
this Opinion Letter is filed. We have been retained to express our opinion as to the accuracy and
current nature of information in relation to filing of current unaudited financials and disclosures
by the Issuer.
The undersigned does not own any securities in the Issuer.
The undersigned is a resident of Asheville, North Carolina. The undersigned is authorized to practice
law in the District of Columbia and the State of Florida and the United States of America. The
undersigned is permitted to practice before the Securities and Exchange Commission and has never
been suspended or barred from practice in any state or jurisdiction. The undersigned counsel is not
currently, and has not within the past five years, been the subject of an investigation, hearing, or
proceeding by the SEC, the U.S. Commodity Futures Trading Commission (CFTC), the Financial
Industry Regulatory Authority (FINRA), or any other federal, state, or foreign regulatory agency. The
undersigned has never been charged in a civil or criminal case.
Thank you for your time and attention.
Sincerely,
William Robinson Eilers, Esq