Hello!!!!!... dallas! I guess newbies should be taken a little more seriously! I posted this stuff over a week ago but no one commented! The chart is read properly with IMTO( bottom fishing) and that is why I have been so excited about DRDF! That's ok with me... I still love your board and have gotten so much helpful infomation that as a newbie I will just stay on the sidelines and suck up all I can get! hahaha...seriously though, I did try to bring this point to the board before.
have a great weekend and thanks for CMKX and a few others.
Posted by: fourrwinns In reply to: None Date:4/29/2004 2:02:57 AM Post #of 115063
DRDF>>>> Is this known already?
I picked this up within another post on the WNMI board.DRDF is IMTO. I did not make the connection. DRDF lastest NRs must be the new business. I will leave this up to the gurus of this board to figure it out. DRDF sure has not performed lately though but then neither has WNMI. ----------------------------------------------------------------
Imaging Technologies used to sell digital imaging solutions. It was one of the high flyers in the last bull market. The company's fortunes took a turn for the worse when they shipped a $4 million order to a Japanese company that filed for bankruptcy shortly after taking receipt of the merchandise. IMTO took the loss on the order and subsequently defaulted on some bank loans.
High flying IMTO immediately began spiraling towards the ground. Chairman Brian Bonar got control of the stick just prior to impact by creating an entirely new business. The plane is now climbing out slowly. Inside of one year this company could regain high altitude and just flip on the autopilot and cruise. According to Mr. Bonar, this turn around is being fueled by positive cash flow from the new business. I'm writing about it now because I'd rather give you the facts and let you make up your own mind while the stock is still trading under 2 cents.
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