The stock price was in freefall and MWE was days away from emailling Muggs that they terminated their relationship with IMGG. The buyback was what arrested the crash and sent the price in the other direction.
Share Thursday, March 24, 2011 7:10:19 AM Re: None Post # of 51429 A management Stock buyback!! Wow!!
No mention that IMGG is out of money.
No mention that the IMGG submission to the FDA is missing in action
No mention about whether or not MWE is still retained by IMGG
NO MENTION OF WHY IMGG HAS FAILED TO GET THE S3 approved by the SEC DESPITE 6 AMMENDMENTS OVER THE PAST 5 MONTHS!!!
But, hey, management (not the company) is going to "buy back" an UNDETERMINED amount of shares over an UNDETERMINED time frame.
LOL looks like someone want you to take your eyes off of the performance of the company. FREEZE YOU IN PLACE
Ingen tried the buyback ruse 4 times before each of their reverse splits. Only actually bought shares once in a token amount.
funny how it took a crashing share price for Dean to break radio silence!
Here's today's penny stock scam hint of the day--PR's like this are used to create demand for a large seller to liquidate in an orderly fashion. My guess is there is a NEW LENDER IN TOWN WITH SHARES TO SELL
This is Dean's new financing plan! wink
stockmasterflash Member Profile stockmasterflash
Share Thursday, March 24, 2011 7:27:08 AM Re: stockmasterflash post# 39409 Post # of 51429 the danger of Dean's game here
OK, Dean announces a management "STOCK BUYBACK" (management buying back stock they already sold?)
Sounds good. What happens then when future 10Q's show MORE Shares outstanding???
Obviously with the quarter ending in a week, and the SEC prohibiting the sale of Cranshire shares. Any buyback will show less shares in the next 10Q.
But what happens in the Quarter 2 10Q??? When the new lender (or Cranshire) finally starts selling???
Gonna be some mighty PO'd shareholders!
Not Dean's problem though.
stockmasterflash Member Profile stockmasterflash
Share Thursday, March 24, 2011 8:26:49 AM Re: None Post # of 51429 Ask yourselves this one question
If submission is just around the corner-- would Dean be putting out such a pathetically desperate PR???
Do competent management's announce stock buybacks ahead of GREAT EAGERLY anticipated big events???
Days away...weeks away from submission and the stock is supposedly going to rocket up on it's own. So we are going to announce a MANAGEMENT buyback!!!
Why doesn't Dean simply answer why the SEC is not approving the multiple S-3's filed??? It's Cranshire's fault according to the Dr. Right??
Why isn't IMGG getting any of this managment money???
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