1) Obviously you haven't read the MD&A section of the10k. These are IMX's words. Please read before responding.
2) as to extending the credit agreement: it is usually in the interest of the creditor to keep the debtor company operating and independent but avoid putting in fresh $$ if possible. Seizing the collateral is usually the last
resort. It is messy business.
3) Reality doesn't go away by shutting ones eyes.
I have no position but watch with interest.
If you read the 10k (MD&A section) and the balance sheet, it appears DMRJ could seize the Company if so inclined. So while IMX may have wonderful products, the benefit of those products may never benefit the current shareholders. Sort of like GM pre bankruptcy.
Your not really that stupid are you.? Obviously, I could have bought at a lot of prices and sold at a lot of prices. The fact of the matter is this company has yet to produce any profits. Seeing is believing. Show me the money!
I have followed IMX for many years and am down $9 thousand net. I am currently on the side lines.
My guess is the earnings will be bad but in the conference call we will hear that great things are just around the corner. Fool me once shame on you, fool me twice shame on me!