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Wednesday, December 22, 2010 4:17:46 PM
1.) IMGG has no money and just hired an expensive law firm who will be on call for MONTHS.
2.) IMGG is trying to authorize 750M shares outstanding. Are you going to say this is a coincidence?
3.) Dean Janes, his family and his friends make SERIOUS MONEY off of PPM's.
4.) IMGG has no accurate estimate of when FDA approval will be received. They are not going to wait around for FDA approval when they have the ability to make money doing a PPM.
Yes some of this is speculation and some of it are facts. However, as an investor and a trader you are suppose to draw conclusions from the evidence you have at hand. If you ask everyone on this board if they believe dilution is coming you will see that more than 50% agree it is inevitable.
Also, those 3M shares in warrants are garbage. What is that going to raise for IMGG? Pay salaries for 1/2 a month?
They need 50M - 100M shares at $0.08 cents to raise a good $4M to $8M to fund them for 1-2 years. Don't forget - Dean Janes needs his $1M a year.
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