IMOT revs dropped from $3.75 mil to $3.39 mil to $1.68 mil to $.28 mil each of the last four quarters.
However its story can be spun, and stories are a dime a dozen, the facts of its business model demonstrate lousy and worsening results. Personally, I think its story is lousy as well, and the fact that it owns a percentage of one of the hundreds of internal Chinese exchanges means little or nothing, especially when you consider how rigidly controlled these internal Chinese exchanges are controlled by the central communist government, how that government disallows foreign investment directly into companies listed on said exchanges, and how terribly outdated and inadequete the technology is for those multiple old chinese exchanges. No, IMOT is a lousy investment all the way around. The lousy and worsening revenue trend the last four quarters is simply factual evidence of this. All the IMOT poster spin in the world can't change this.
With every inconsiderate post by IMOT posters here on this OPBL board, their desperation becomes more clear.
I will no longer waste time posting about IMOT here on this board, other than to every so often repost this entry via reply to keep the truth about IMOT's lousy investment prospects to the forefront as long as IMOT posters continue to ruin this board for the rest of us who are here for OPBL.
Go create your own board for IMOT here on yahoo finance, or go to another board like the IMOT board on investorvillage.com.
Bingo! And with every spammed pump, they are only making more clear their desperation and manipulative intent.
Given all that I've seen about IMOT's true numbers, and all this spam, and the obvious over abundance of PR's being pumped out by the company (a common approach by penny stocks, by the way), I wouldn't touch IMOT with a ten foot pole, especially now. And had I gotten caught up by the hype, I would be selling out of IMOT right now before the mad rush to do so begins.
Along with a number of other OPBL posters here, I am an investor who has politely and repeatedly been asking the IMOT posters here for weeks to create their own board on YF or go to another website such as investorvillage.com and use their IMOT message board, reminding them that this particular YF board is supposed to be for discussions on OPBL.
They have ignored my and other's repeated polite requests, and I have zero sympathy for them now, especially as they have driven off a number of legitimate OPBL posters who just became overly frustrated with IMOT messages overwhelming the OPBL ones here.
Anything could happen with any stock since we are all acting on incomplete info, but other than a spun story, there appears nothing but negative factual evidence regarding IMOT, most importantly their rapidly declining revenues the last four quarters, accelerating downward the last two quarters.
There are a lot of penny stocks out there with stories that can be made to sound interesting. Most are penny stocks for a reason and don't do much of anything but stagnate or get worse. I see nothing about IMOT to make me believe it is one of the rare exceptions in the penny world.