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Wow, look at the chart for this one! Below the radar for a few days, and just getting attention today.
Posts: 61 | From: CA | Registered: Feb 2006
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BEVERLY HILLS, Calif.--(BUSINESS WIRE)--April 19, 2006-- Imperia Entertainment, Inc. (Pink Sheets:IPRE) announced today that it has issued the following letter to shareholders.
Dear Shareholders,
This is my fourth letter to you as president of Imperia. As I stated in my first letter, I use these opportunities to express myself to you and give you full disclosure about the company. I stated in my last shareholder letter that I would:
A) Always inform you about what is going on with the company, to the best of my knowledge.
B) Give it to you straight without trying to sugar-coat things.
That is just the way I do business. Like I have said before, I have a conscience and would never deliberately mislead anyone. I also believe communication is very important. Just to give you some quick background on the company structure, I have been in the entertainment business for several years. I produced and directed "All That I Need" and got it into theatres prior to being hired as president of Imperia. I handle the development and the overseeing of entertainment projects for the company. Kenneth Eade is the former president, and still serves as chairman for the company. Both of our bios are listed on the Imperia website: http://www.allthatineed.net/impaboutus.html. I have owned and operated other businesses prior to getting involved in the entertainment business but Mr. Eade is infinitely more experienced when it comes to fundraising for the company, and he is currently handling those duties. In my last shareholder letter, released April 3rd, I stated the following: "We had to sell a large amount of shares in order to raise extra money for our feature film, 'Say It In Russian.' This is a temporary situation as we are almost done filming. We went over budget in our foreign location shooting, but it has added great production value to the movie. The good news is that we have raised the necessary completion funds." I also stated the current share structure as: "The company has approximately 204,000,000 shares outstanding and 83,000,000 of those shares are restricted." At the time, to my knowledge, this was the absolute truth. As some of you may or may not know, I often take the time to respond directly to shareholders. A few days ago, a shareholder wrote me and asked if the company was selling shares. I responded by saying the following, and the reply was subsequently posted on the Internet: "To my knowledge there are no shares being sold by the company, and I don't know of any plans to sell shares in the near future." At the time, I was not aware that the company's Regulation D offering had not yet been closed, because of the need to pay expenses on our latest film, "Say it in Russian." When I learned that the company has continued to sell shares in its Regulation D offering, I became very concerned by this information as I am close with many shareholders and my reputation is very important to me. When this new information came to light, I immediately shared this information with shareholders who contacted me. Unfortunately this resulted in them calling me a liar, which I am not. The reason why the company has continued to sell shares is that our latest feature film, "Say it in Russian," which Mr. Eade produces, went over budget. The cost of the movie went from the estimate of $1.8 million that we had on April 3rd to $2.7 million, which was disclosed by the production accountant in a cost report yesterday. We believe that this expense was necessary, not only to complete the film, but to maintain a high quality. To put things in perspective, my movie, which was released in theatres, cost less than $100,000 to make. "Say It In Russian" is a much more elaborate and polished movie, shot on 35-millimeter film. It has a recognizable cast and was shot in three different countries including France, Russia and the U.S. It is only worth it to us to have a product that is attractive to film buyers, so it was decided to make the project look as great as possible and to add value to it. At this point, all of the costs for the actual filming and production of the movie have been incurred and must be paid in full. This will take approximately two to three weeks to complete, and then the only recurring costs will be promotional. It is my belief that there are people out there who are out to make a quick buck. There are a lot of ways to do that. The only way to make a living long term is to focus on longevity and to building a reputation. No matter what, it is important for me to maintain my integrity. I have a long-term plan for this company and I want to see it through. "Say It In Russian" was largely overseen by Mr. Eade, as it was his project, and it was put into development prior to me even coming aboard Imperia last year. I will personally be much more involved in the upcoming projects. A finished movie has a value, so now that "Say It In Russian" is added to our library, it is a big plus for us. I am very excited that the day is fast approaching that more money will not need to be raised for it. And I would like to point out that the majority of the budget for the movie was not raised through the Regulation D offering. The offering became necessary as a result of going over budget and the costs having to be paid. The current outstanding common shares of the company now stand at 528,528,467. Investors have asked me about why we would sell the stock with the price so low and why we haven't let it breathe more. The reality of the situation is that the bills need to be paid now. Another reason is that a market developed for the stock at these prices that is much more robust than it was when it was being traded at higher prices. I believe that the market that is being developed will be of benefit to shareholders and the company. I should caution you however, that I never know where the stock price will go. I spend most of my time focused on building value for the company. The market sets the stock price, and dictates the volume. I want to assure you that I will do the best I can to build value in this company. There are projects currently being worked on in addition to "Say It In Russian" that are very exciting for our future. We are also making some aggressive moves getting involved with online and other distribution. And, don't forget that Cannes is just around the corner. Now that "Say It In Russian" is complete we can start selling to distributors. We have already gotten several offers. I intend to use those sales to put more value into the company. I thank you for standing by me, and I greatly apologize for any confusion or frustration you have been experiencing. I will do my best to keep you accurately informed in the future. Thanks again for your patience.
All the best,
James Hergott
President of Imperia Entertainment
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Imperia Entertainment, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
KEYWORD: NORTH AMERICA CALIFORNIA UNITED STATES INDUSTRY KEYWORD: ENTERTAINMENT MOTION PICTURES PROFESSIONAL SERVICES FINANCE SOURCE: Imperia Entertainment, Inc.
CONTACT INFORMATION: Imperia Entertainment Inc. James Hergott, 310-275-0089 or Vivian Fullerlove, 214-564-3359 (Public Relations) musbviv*yahoo.com
Posts: 957 | From: grand rapids, MI | Registered: Feb 2006
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Well, the news came out earlier than I expected. I believe James is a solid individual and his company will make us money.
Posts: 2132 | Registered: Sep 2004
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he has been communicating with the investors pretty regularly, and the movie still has to be finished. This is not an instant money maker at the moment, so I am hanging till after Canne festival. Will buy in more to average down a bit.
-------------------- COMMUNICATION CAUSES LEARNING!!!!! Posts: 136 | From: Ahwahnee, Ca | Registered: Apr 2006
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It would seem to me the question I am sure that was asked and that was not answered is how many stocks are going to be continued to be sold by the company. It looks like they are releasing 100K of shares a day at them moment and if this wil cease in 2 or three weeks then we are talking about another 2 billion shares on the market. what will the price be then? 5X lower? Maybe this is niave but if anyone can explain what the likelihood of this happening I would be grateful..cheers.
-------------------- If it walks, talks and look a like a duck, it is probably nothing like a duck at all. Posts: 41 | From: Houston | Registered: Nov 2005
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SEATTLE, Apr 20, 2006 (BUSINESS WIRE) -- ReelTime Rentals, Inc. (Pink Sheets:RLTR) has just entered into a Worldwide Distribution Agreement with Imperia Entertainment, Inc. (Pink Sheets:IPRE) for their entire library of feature length films and television series to be available on-demand or by subscription at www.reeltimetv.net. Some of Imperia Entertainment's properties include their recently completed feature film, "Say It In Russian," starring Faye Dunaway, an award-winning celebrity interview series entitled "Autograph" and the recently released theatrical film, "All That I Need." This agreement will make it possible for over 95.5 million home broadband users in the U.S. and almost 450 million users worldwide to visit ReelTimeTV.net and access all of Imperia's library. "With the film industry's domestic box office revenue at its lowest level since 2001, we've explored new ways of getting our programming to consumers, who by all reports are increasingly using the Internet to view movies and TV series," said James Hergott, President of Imperia Entertainment, Inc. "Digital media is the future, and it's here today. We looked at all the VOD sites and many different broadband platforms and found ReelTime Rentals was the obvious choice to bring our shows to the widest possible audience, while giving them exactly what they want -- the ability to Point, Click & Watch a movie at home that's DVD quality. Plus, from a provider's standpoint, broadband distribution is the latest emerging area and truly part of the hi-tech revolution. ReelTime brings with it the greatest opportunity of generating brand new revenue streams, at exponential rates of growth never seen before. That's definitely something we want to be part of."
"Imperia Entertainment is fast becoming known as one of the premier independent film and television producers in the industry," commented Beverly Zaslow, ReelTime's VP of Acquisitions and Business Development. "Their award-winning programming continues to win accolades from audiences around the globe, and we're thrilled to be able to make it available to our viewers through our worldwide network."
About ReelTime Rentals, Inc.
Headquartered in Seattle, Wash., ReelTime Rentals' mission is to deliver diverse media content to consumers over its specialized network, enabling them to view the media content that they choose, whenever they would like to see it. The Company's cutting-edge technology, called Intelligent Rapid Delivery System (IRDS), streams full-screen media content directly to consumers, while implementing security measures to combat the threat of piracy. Subscribing customers of ReelTime's service will have access to an extensive library of quality full-screen movies and other programming without the hassles of going to the video store or mailbox, nor the added expense of late fees. For more information on ReelTime Rentals, Inc., you may visit our web site at www.reeltimetv.net.Posts: 61 | From: CA | Registered: Feb 2006
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Persia...what is meant by dilluting? and why are they driving it into the ground?
Posts: 88 | From: San Diego | Registered: Apr 2006
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The company is selling off shares to raise capitol for these overpriced, under estimated, poorly planned budget!! I dont care how honest this guy is, He must be the worst CEO in the business today to do this to his stockholders.
No, I dont hold any shares at this time either.
I seen this sinking ship a few weeks ago!
Posts: 957 | From: grand rapids, MI | Registered: Feb 2006
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quote:Originally posted by MillerTIME: This is a risky , but HUGE play. Top traders are comparing this to CYOS of 2 years ago that ran HUGE.
There are obviously huge CDs between converted into the market, the trick is to pick the end of the conversion. If you do, you will make big bucks.
Miller, I'm new..what are CDs and what do you mean by the "end of the conversion?"
I know that with the new movie coming out this stock could go back to the penny/.10 range, but I'm afraid the movie may be a flop. Are they showing it at the French film festival in Cannes?
Posts: 88 | From: San Diego | Registered: Apr 2006
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the end of the conversaion means the bottom line of the stock if im not mistaken...
-------------------- i wish one day i would be rich but the wish is all in your hand!! Posts: 239 | From: New Jersy | Registered: Mar 2006
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quote:Originally posted by MillerTIME: This is a risky , but HUGE play. Top traders are comparing this to CYOS of 2 years ago that ran HUGE.
There are obviously huge CDs between converted into the market, the trick is to pick the end of the conversion. If you do, you will make big bucks.
Miller, I'm new..what are CDs and what do you mean by the "end of the conversion?"
I know that with the new movie coming out this stock could go back to the penny/.10 range, but I'm afraid the movie may be a flop. Are they showing it at the French film festival in Cannes?
Hey IVV. Congrats on getting into the market, your doin it at a great time. Market is hot, S&P near 5 year highs. many stocks movin.
First off, let me say this. If you are going to be in the otcbb / pink market, promise me that you rarely, if ever get excited about what the actual company is doing. its good to maybe know what the are about (like hot oil stocks, etc) but whenever you think there is gonna be HUGE news and its gonna rocket up, it rarely ever happens.
The key is to go small. Look for 10% gains, maybe 20%. But you will be killed and slaughtered if you look for home runs. Trust me!!! lol, ive been burned and you learn your lesson. Im not sayin that you are like that, just warning you.
My key to you to remember is that you should be a trader in this market. Trade the charts, and a little fundemental, but other than that, get in and get out. Dont get hyped up about this big event, or this big PR coming, because all pumpers of all stocks will tell ya to hold on for another week because big news is coming.
Ride the momo, get in at the bottom, take a good profit, and get out, pat yourself on the back, and look for more money. Make a trade plan for yourself and how much you look to make each day or week. Start small like $50 a day.
90% of traders will fail because they look for homeruns, so i try and harp to newbies that you cannot get caught up in the hype and pshcology of the market. You gotta be better than that. Take your profits when you got them and dont always look big.
(WOW THAT IS LONG. LMAO. Sorry) awww, IPRE, i know they got a movie comin out, but they are also diluting big time to raise capital. If they stop diluting then it will run big. As for the movie though, most penny stock companies are going nowhere so i wouldnt get too excited about huge profits or anything like that. LOL. but hey who knows, i am just a trader and trade the wave.
good luck and sorry for the long post
-------------------- Buy the silence-Sell the noise SFTV.004-.0075 AVNT.0018-.0033 FPPL.0034-.03 WEGI. My new Call Posts: 3100 | From: Louisiana | Registered: Apr 2005
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quote:Originally posted by MillerTIME: This is a risky , but HUGE play. Top traders are comparing this to CYOS of 2 years ago that ran HUGE.
There are obviously huge CDs between converted into the market, the trick is to pick the end of the conversion. If you do, you will make big bucks.
Miller, I'm new..what are CDs and what do you mean by the "end of the conversion?"
I know that with the new movie coming out this stock could go back to the penny/.10 range, but I'm afraid the movie may be a flop. Are they showing it at the French film festival in Cannes?
ohh hey didnt even see this question..
CDs are convertiable debentures, (somethin like that) but its a way for a company to sell shares (dilute) to raise capital. It usually takes the stock down becuase there is more supply than demand.
End of the conversion, i just meant the end of the dilution. Then the supply will drop and then the demand will rise, equally a rise in the price per share (pps)
-------------------- Buy the silence-Sell the noise SFTV.004-.0075 AVNT.0018-.0033 FPPL.0034-.03 WEGI. My new Call Posts: 3100 | From: Louisiana | Registered: Apr 2005
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quote:Originally posted by Bawz2wawz: Movin on up, Miller you aboard?
nahhh. many traders i trade with were gettin in at around .0015 and .0016, but i decided to hold off. Not really my type of play. If CLYP (the dilutor) gets off the ask then it will run, but until then he is holding it down.
It does look good for a big run if he gets off though, but i think im just gonna cheer from the sidelines. Good luck to you though if you are in. if so whered ya get in?
-------------------- Buy the silence-Sell the noise SFTV.004-.0075 AVNT.0018-.0033 FPPL.0034-.03 WEGI. My new Call Posts: 3100 | From: Louisiana | Registered: Apr 2005
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Thanks guys...and it has been good so far...I got in on NDOL at .20...I hope I can keep up the 'winning ways'
Miller, I wish I would have had some funds for the AVNT run you called yesterday...very nice work...I may be following you around like a lost puppy for the next few decades
Posts: 88 | From: San Diego | Registered: Apr 2006
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quote:Originally posted by IVV: Thanks guys...and it has been good so far...I got in on NDOL at .20...I hope I can keep up the 'winning ways'
Miller, I wish I would have had some funds for the AVNT run you called yesterday...very nice work...I may be following you around like a lost puppy for the next few decades
OHH AVNT. LOL. you get lucky sometimes. i got burned today on a call of FPPL so you dont always get them. Friggen company was diluting by the boatload.
Ill be back to my old style with a pick probably by tommorrow. My style is more slow. More accumulate the bottom plays, hold till they apex, and then breakout, and then sell into the run. AVNT was a perfect example. i was watching that one for a week get ready.
-------------------- Buy the silence-Sell the noise SFTV.004-.0075 AVNT.0018-.0033 FPPL.0034-.03 WEGI. My new Call Posts: 3100 | From: Louisiana | Registered: Apr 2005
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BEVERLY HILLS, Calif., Apr 20, 2006 (BUSINESS WIRE) -- Imperia Entertainment, Inc. (Pink Sheets:IPRE) announced today that it has signed an agreement with the TKO Major League MMA (mixed martial arts) organization (http://www.tkomma.tv/) to co-produce an independent movie with the working title "Never Submit." The movie was written and will be directed by Imperia president James Hergott.
The deal calls for some footage of the movie to be shot at a July event put on by TKO in Montreal, Canada with an option to film at a September event if more time is needed. Fights for the movie will be filmed in between real fights for the event. Additional filming will continue over the following weeks in Montreal, Quebec and possibly Ontario, Canada.
Imperia Entertainment will also seek out well-known real fighters to appear in the movie as fictional characters.
TKO is the top MMA organization in Canada. It often has fighters go on to fight in the Ultimate Fighting Championship (http://www.ufc.com/), the top MMA organization in the World.
President of TKO, Stephane Patry, also manages several top fighters who have fought both in TKO and the UFC, including fan favorite Georges "Rush" St.-Pierre (http://www.sherdog.com/fightfinder/fightfinder.asp?fighterID=3500), who recently beat MMA's best pound for pound fighter, BJ Penn at the UFC's USA vs. Canada event. This event featured a number of fighters managed by Mr. Patry. It was recently announced that Georges St.-Pierre would get a title shot for the UFC World Welterweight Championship, possibly in September.
The film will also benefit from tax incentives from the provincial and federal government in Canada, as Mr. Hergott is a Canadian citizen. The movie will be filmed exclusively in Canada. Actors and the fighters will be from both Canada and the US.
Some of the actors may also get an opportunity to train with Georges St.-Pierre or other top fighters managed by Mr. Patry, prior to filming in order to bring greater realism to the movie. Additionally, some of TKO's sponsors may participate in the movie, helping to reduce the movie's budget. Since the movie is fictitious, Imperia Entertainment is open to working with other sponsors as well who would like to be showcased in the film.
Mr. Hergott comments, "This is the most exciting project I have ever been involved with. I have been an MMA fan since its North American introduction in 1993. I have competed in Judo, and have closely followed MMA. I frequently visit, and sometimes post on the fan sites. I believe the sport is about to explode into the mainstream, and I intend to be a part of that movement. My intention is to not portray MMA as an underground blood sport, but rather to show the courage, integrity and inspiration of the fighters. I want to do right by the hard-core fans, and also to bring in new fans to the sport. I will do everything to make this movie as realistic and exciting as possible."
TKO president Stephane Patry will serve as an Executive Producer for the project. Mr. Patry comments on the deal: "I am very enthusiastic to work with Mr. Hergott and Imperia Entertainment. This will mean great things for the TKO organization; we bring one of the best production value in the sport of MMA and now the Hollywood world will discover why insiders say TKO is the best-kept secret in MMA."
Additionally, Imperia announced that Cindy Ortiz, who has written for top MMA online magazines, including MMA Weekly (http://www.mmaweekly.com/) and MMA Fighting (http://www.mmafighting.com/) will be a producer for the movie. Ms Ortiz will serve as a liaison between Imperia Entertainment and the MMA world.
Ms. Ortiz has close relationships with several organizations, as well as fighters, and brings a wealth of knowledge about the sport. She has been an advocate for the sport since the mid '90s when Senator McCain spearheaded a campaign to have it banned from North America. Since then both the Nevada and New Jersey athletic commissions have sanctioned the sport.
Ms. Ortiz comments: "I feel that this is a project that will appeal to MMA fans not only in North America, but all over the world. It is a pleasure to be involved."
"Never Submit" is a movie which portrays the thrill of victory and agony of defeat within the sport. The story is set in a tournament setting similar to the movie "Bloodsport" but rather than exploiting the sport as underground no-holds-barred fighting, it seeks to portray the sport in a realistic and positive light.
The movie will be an inspirational tale similar to "Rocky." Unlike "Rocky" the lead character is an educated young man, rather than a beaten-down punch-drunk fighter.
Mr. Hergott comments: "MMA is a very intellectual sport. A physical chess match. I want to portray the sport and its fighters as intelligent rather than dumb brawlers, as is often done in other movies."
MMA is an emerging sport, which has already gained huge acceptance in Asia and looks poised to explode into the mainstream in North America. Indeed, several landmarks have recently occurred within the sport of MMA. For example, Marc Ratner, who served with the Nevada State Athletic Commission since 1984, and as its Executive Director for the last 13 years, recently left his job to join the UFC. In his new position he will seek to attain sanctioning of the sport in additional states.
Also, the UFC held its first event in California at the Arrowhead Pond of Anaheim on April 15th. The event quickly sold out all 18,000 seats in two days and was the fastest sell-out event in UFC history and brought in a $9 million US gate. A similar event is scheduled for May 27th at the Staples Center in Los Angeles, CA.
The sport is also gaining exposure on television. The IFL recently signed a distribution deal with Fox Sports Net for their first event in April, and the UFC just extended its content deal with Spike TV. The UFC's MMA-based reality show "The Ultimate Fighter" is the top rated-series for Spike TV, formerly called "the network for guys." Season #1 (13 weeks) of "The Ultimate Fighter" averaged a 1.7 HH rating (1.5 million) with a 2.0 (1,015,000) in M18-49, a 2.4 (604,000) in M18-34, and an average audience of 2.1 million viewers.
The 3rd "Ultimate Fighter" season premiered April 6th, 2006 as the most-watched original series premiere in Spike TV History. It drew record ratings for the network and out-delivered anything else in television in its timeslot in the hard-to-reach demographic of Men 18-34. The 90-minute premiere also out-delivered major competition on cable including the NBA on TNT (Pistons vs. Heat and Lakers vs. Nuggets) and USA Networks' coverage of The Masters.
Among the notable ratings achievements for the premiere of Spike TV's "The Ultimate Fighter 3" include:
-- 1 among Men 18-34 (3.71, 971,000) in its timeslot, out-delivering everything on broadcast, cable, or pay cable.
-- 1 in HH rating (1.95), average audience (2.4 million), Men 25-34 (5.03, 758,000), Men 18-49 (2.70, 1,411,000), Persons 18-49 (1.67, 1,794,000) (Ad-supported cable only).
-- Highest household ratings for an original series premiere in Spike TV history (1.95).
-- Defeated TNT's NBA doubleheader featuring the leagues marquee teams including Pistons vs. Heat/Lakers vs. Nuggets in household rating (1.95 to 1.68), average audience (2.4 million to 1.8 million), and Men 18-34 (3.61 to 1.41).
-- Defeated USA Networks' coverage of golf's biggest tournament, The Masters, in average audience (2.4 to 2.2 million), Men 18-34 (3.61 to 0.72), and Men 18-49 (2.70 to 1.01).
-- Highest delivery of Men 18-34 in network history for an original series versus last year in the timeslot (MXC), up +236% in households, +429% in Men 18-49, +395% in Men 18-34, and +262% in average audience.
-- Earlier in the evening, Spike TV simulcasted the first-ever LIVE network sporting show (Ultimate Fight Night Live) to a mobile device, Amp'd Mobile.
On the popular search engine yahoo.com, MMA fighters and events routinely are at the top of the list of most-often-searched sports, often beating out huge mainstream sports such as football and basketball. This is further proof that MMA is a huge underground hit with young adult males. Earlier this week it was even more searched on yahoo.com than popular reality TV show "American Idol."
With several debuts occurring in the great state of California over the next few months, all signs point to this being just the beginning.
Mr. Hergott comments: "This project just makes financial sense for Imperia. I believe that MMA is poised to take off in North America, and is already huge around the world. There is a huge niche market out there for it and this is just the beginning. I feel that we are ahead of the curve with this movie and appealing to the young male demographic that advertisers and sponsors are eager to attract. When you factor in the financial incentives from the Canadian government, and the fact that we are able to save on costs by filming at a live event, the deal makes absolute sense financially and otherwise. A majority of theatergoers are kids, teenagers and young adults. We are aimed right at the market that we need to be going after. I am 29 years old and this is a movie that I would go out to see even if I wasn't involved. Traditional Hollywood is often slow to react to trends and is out of touch with the mainstream. This is the right movie at the right time for us. This is a direction I want to take the company."
Posts: 61 | From: CA | Registered: Feb 2006
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Oh my God, I hope he budgeted this movie with a calculator and an accountant rather than tealeaves and and dice like his last one. Looking forward to further inarticulate ramblings claiming igonorance by the CEO on the knowledge of his own company's dilution.
If he was honest as he claims (regularly) he would of said in March, "strap on your seatbeats we are going on a hell of a ride we are about to dump 1 billion shares on the free market and take down the stock 95%. I dont think they are finsihed yet.
prodcing inarticualate BS about being CEO oblivious to his own company being diluted
-------------------- If it walks, talks and look a like a duck, it is probably nothing like a duck at all. Posts: 41 | From: Houston | Registered: Nov 2005
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-------------------- If it walks, talks and look a like a duck, it is probably nothing like a duck at all. Posts: 41 | From: Houston | Registered: Nov 2005
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I got out at a loss today. I don't think they are done dumping. Just look at todays volume 205 million plus!!! Live and learn I guess.
Good luck if anyone is still holding on, they will start making money from the movies soon and I supose this stock will be a pretty good play when they quit dumping all over shareholders.
Posts: 89 | Registered: Mar 2006
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What the heck is going on with this stock...it keeps dropping and dropping...will it ever bounce up?
Posts: 88 | From: San Diego | Registered: Apr 2006
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All, I sent our favorite honest, trusting, and transparent CEO an e-mail, and true to form, he responded very quickly. Please see thread below. It has all the saga of a classic pantomine (it is an acting compnay after all..)
-The pink sheet IPRE-Are they trustworthy?-
by BS Predictions.
company: "Our PR shows we are good and as honest as school girls in the playground" shareholder: "oh no your not" company: "oh yes we are" [crowd]"booo..hissss" CEO: "here comes Ken the Baddie" KTB: "its not me, its the share holders dumping, they have no faith, muuuah ah ahhhh."
E-mail thread from this afternoon is below:
James,
As explained in my shareholder letter, I handle putting the deals together. Ken is an attorney who specializes in Stocks who handles those duties.
I put out a press release a month ago explaining that shares had been put into the marketplace because the movie went over budget. I then put out another press release last week explaining that it had continued and I gave a time frame.
I asked ken about the selling today, and he explained that shares were not dumped into the market today. In fact the amount of shares has not increased since my last shareholder letter. Here is one of his direct emails to me today:
---------- Forwarded message ---------- From: ken eade <keneade93101*yahoo.com> Date: Apr 24, 2006 12:22 PM Subject: Re: Fwd: Stockholder concerns...once again Mr. Hergott To: James Hergott <imperiaentertainment**********>
We are not dumping shares. We have gone to a payment schedule on the remaining bills and the cash flow needs are diminished. I think investors are dumping when they see news. I guess no news is good news really fits this situation.
-------------------- If it walks, talks and look a like a duck, it is probably nothing like a duck at all. Posts: 41 | From: Houston | Registered: Nov 2005
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Bought this one for a bounce today. Maybe 002 tomorrow.
-------------------- Flip stocks. Never invest in them. Take your profits. All is my opinion. Do your own DD. Posts: 948 | Registered: Aug 2005
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