Last week was classic DMRJ. First they tighen the vice around Glenn's balls, then the Boyz let him know they're itching to unload some more shares. Glenn follows orders and releases a few Puff n Fluff PR's...which in turn puts the longs into a frenzy....jumping up and down and running around in circles...buying up shares while the Boyz dump thier shares. Classic. The longs fall for it EVERY SINGLE time. It's been entertaining to watch.
IMSC_long: Not entertaining for me as I STILL HOLD A SIZABLE POSITION... Yes, you are correct in your assessment... One of the few who visits this forum and gets it... Funny thing is, for the HIGH TECHNOLOGY equipment this company manufactures and "sells," MOST OF THE INVESTORS ARE COMPLETE DOPES...
They just cannot grasp nor comprehend basic business principles... SHEEP for the taking... JUST waiting to be fleeced... AND when it happens, they will ask HOW WAS THIS POSSIBLE ???
Not sure why people here ignore whenever DMRJ converts/sells. As I've posted previously, the float went from 57.65 million to 59.28 million shares recently. This was most likely the remaining Series G Convertible Preferred Stock DMRJ held. From the filings (info below) you can see DMRJ has been converting the Series G shares. Note the large number of conversions around TSA approval. Have a nice day.
In August 2012 and in September 2012, DMRJ converted 12,000 shares and 10,000, respectively, of the Series G Convertible Preferred Stock into 1,200,000 and 1,000,000 shares of our common stock.
In October 2012 and in November 2012, DMRJ converted 15,000 and 16,000 shares, respectively, of the Series G Convertible Preferred Stock into 1,500,000 and 1,600,000 shares of our common stock.
During the three and nine months ended March 31, 2013, DMRJ converted 75,500 and 128,500 shares of Series G Preferred Stock into 7,550,000 and 12,850,000 shares of our common stock, respectively. As of March 31, 2013, DMRJ held 36,167 shares of Series G Preferred Stock.
In June 2013, DMRJ converted 20,000 shares, of the Series G Convertible Preferred Stock into 2,000,000 shares of our common stock.
disconnected-- surely you realize that IMSC is a re-start up based on the remains of IMX? You would not/could not re-start without capital and a willing lender of that capital, right-- of course that's right.
DMRJ has put in and put in and put in...the rounds of cap. infusions are too many to follow, but needless to say, we use our capital ( shares or money) to repay them. They re-coop their put in and as long as they can do that, they put in more.
It all grinds to halt when they can't. So sure this is a bit clumsey, not ideal, not the norm...sort of a death bed hybrid way to re-float the company, but look at what has transpired--- a new vitalized company with TSA approval, other approvals pending and sales ticking up in dramatic measure WHILE we are poised for REAL GREATNESS, meaning an open ended TSA Checkpoint contract.
What I can't understand is the carping behind all of this...I mean that's why YOU do some basic DD to put risk on one side and reward on the other...and the determine what tips the scale one way or the other. Is that basic bit of understanding too much to ask of yahoo message board posters who act like they discovered a "hole in the bottom of the boat"???
Sentiment: Strong Buy
I'm not ignoring it. IMSC puts out fluffy, puffy PR's so DMJR can stealthily unload shares into whatever strength the fluff PR's bring. We all know who is making money in IMSC...and it sure as heck isn't the longs.