Horse hockey, you two have been working over this board mercilessly for the last two weeks and I am getting tired of it as well. I open up my favorites and see some one has posted here and only to find out it is one of you guys with one of your useless post. I don’t believe you guys even have a stake in this company, if you did you would be quiet and let it run. Normally on an R/S I would run to the highest hills to get away but not this one. I have canceled all of my sell orders for this one because I have taken the time to do the math and I see what they are doing. Right now I only have .06 in my account not doing anything or I would be buying just as much as I could of this right now R/S or not.
With a normal R/S you would have a .05 stock, but IMGW went and took the extraordinary step of actually reducing their A/S with this one and so you have to factor that in and it becomes a .50 stock. That is with out the AUDIT. If and when the AUDIT comes in Just do the math for that. I am not going to give it all to you for nothing.
Look at it this way if you invest $ 100.00 for 1 million shares and it R/S’s you have 2,000 shares @ .05 with a normal R/S . With this one you have 2,000 shares at .50. Now take into effect the R/S syndrome and divide the new price .50 by 10 and you still have 2000 shares at .05 a zero sum gain. No loss and when the financials come out to add value, the stock will only have 10 million O/S assuming all 5 billion were out before. Granted the company now has 400 million to sell, but I am guessing that they would want to make some money after all this time as well. Also they will have to keep so many of them for all the convertible preferred stocks they have. You can be sure they will wait until after the R/S to convert and there will be some time to sell before the stock is diluted into a loss. If you loose money on this one you realy are not paying attention for two weeks or more.
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