Sometimes I wonder if any actually reads my posts or takes me seriously? IMTL is valued at $0.0008 with ALL authorized shares SOLD, theoretically, giving us a perceived bottom based on the company's valuation. It is, for this reason, I stated in a previous post that $0.0008 was the benchmark share price we should be concerned about falling below. Usually, when a penny stock falls below a penny, that is the end of the road.
This company's history is very shady, and I would know, I have been here long enough and posted my concerns about it! I made my first purchase at $0.027 per share and have faithfully averaged down since then. This has been a real learning experience for me. I am going to keep my shares and just write off the loss of overtime when they finally go under. I wish I had something substantial to add, but I truly believe there is nothing left here but empty promises by Matt. You would think that Matt would come out and address the share price and bring back some optimism to the investor. Whatever scam they are running must be a profitable one.
I am still gobsmacked that "Larry the Loser" has so much of his own money in this dog of a stock. Why would he be buying if he knew the share price risked losing value due to dilution? What am I missing?
Best,
Biff
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