quote:I read, I think in a Q&A with Hergott, that the o/s is just under a billion now.
As of April 3rd outstanding shares were 204 million (and more than 1/3 of those are restricted), this was after selling "a large amount of shares" to finance their movie. On May 9th they stopped diluting period.
I really doubt they sold over 700 million shares in 1 month -- more than three times what they had outstanding a month previously. You simply couldn't dilute that much that fast without notice.
Posts: 59 | Registered: May 2006
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hey vinnie and blind. i agree to some of the things you say and imo i really think that the company knows something is up and positioned themselves here to buy more shares at these levels. after carefully reading the pr the last line is so vague that it seems like they wanted to create a panic sell so that they can acquire more shares. it seems like they carefully chose the right words to do so. I don't understand why they would say "possibility of a R/S". Seems like "possibility" was the right word to trigger a panic sell. If they really planned on doing a R/S i think they would have used a definite remark, other than " possibility," because that can mean anything and that can give them the best position to acquire more shares, and that would have had a pr on it's own explaining the R/S imo. It just doesn't make any sense to put a positive pr and then all of a sudden include the last lines unless what the CEO said on his email was true or to lower the pps to have them aqcuire more shares because they know something huge is coming. either way i think it's a positive for ipre in the long run. all this IMO of course....
Posts: 21 | From: us | Registered: May 2006
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Ok...this whole situation has been pounding through my head for the past few hours and I've changed my view for the most part, depending on if they do a R/S and at what ratio....
Here's my biggest concern that I haven't seen anyone really talk about....
In this specific case, I can see a R/S being possitive for the fact that it will reduce shares, "Possibly" bring in more investors, and "Possibly" help for a move towards a bigger board.
I can see it being a negative just for the fact that you see a huge sell off as witnessed today, and the vast majority of stocks don't rebound after the split.
With that said.....this is my main concern that I haven't seen anybody really touch upon. When I did my DD, I loved what I saw and still do. The company has great things in the works. Only around 6 or 7 months ago, it hit .19 off just one movie, and they now have 4 in the works which should be much better then the first. To top it off, the stock doesn't have a ridiculously high O/S like alot of the pinks. With that said, let's just say I purchased 1 million shares at .002 for $2000. Let's say I hoped with all these great movies in the works, that the price would get to just half of what the one movie took it too and we'll say I was hoping for .10 which would put me at $100,000. A large return, but definately more then possible.
Ok....now I've heard different numbers thrown around for the R/S....so for sake of argument let's just say they do a 100:1 R/S, with the PPS being at .002 at the time it's done. That would now give me 10,000 shares and put the PPS at .20. In order to get to $100,000 I would now need the stock to get to $10.00.
Even worse, I heard some mention of 1000:1 R/S. That would put me at 1000 shares and the PPS at $2.00, but in order to get to $100,000 I would need the stock to get up to $100.00!!!! Insane!
So for all those who say this is a good thing....I need a better explaination as to how it could be. With my above example, just making a 100% gain is gonna take a whole lot of work compared to where it is now. I may be missing something, but I've run the numbers through my head 1000 times and don't think I am, lol. We've all seen how quickly this could move where it is now, so I don't think the O/S is really too high and even if the true intentions are gonna be to move to a higher board, they won't meet the requirements for some time and it won't help the PPS when it comes to making money. I think this is a huge mistake that could cost alot of people some serious money.
All my opinion of course and I'd love to hear some feedback on my thoughts. Best of luck to all!
Posts: 596 | From: New Jersey | Registered: Apr 2006
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The bottom line IMO is an RS is NEVER good for the investor. (current)
-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse. Posts: 1543 | From: Ogilvie, MN, US | Registered: Apr 2004
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correct me if i'm wrong but if they did a R/S and they did go to a bigger board the shares that you own would be smaller but the pps would be higher not affecting how much you've currently invested. let's say you did invest your $2000 and bought at .002. so that's a million shares and if they did a 1/100 R/S your 1 million shares would result to 10000 shares at .20 a share right? Wouldn't that mean you still have the $2000 you started off with with all the positives happening???? can someone tell us in general what's the best and worst case scenerio a R/S can do????
Posts: 21 | From: us | Registered: May 2006
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correct me if i'm wrong but if they did a R/S and they did go to a bigger board the shares that you own would be smaller but the pps would be higher not affecting how much you've currently invested. let's say you did invest your $2000 and bought at .002. so that's a million shares and if they did a 1/100 R/S your 1 million shares would result to 10000 shares at .20 a share right? Wouldn't that mean you still have the $2000 you started off with with all the positives happening???? can someone tell us in general what's the best and worst case scenerio a R/S can do????
Posts: 21 | From: us | Registered: May 2006
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The only way a small film company can continue to be viable is to produce films that make money. I know the 'investors' in these companies almost NEVER see any of those profits if they are sucessful, so the pps is the ONLY way we can participate in profits. (Penny stocks almost NEVER have dividends.)
If the company can't produce good films and tries to sustain itself entirely on the stock sales...they will surely FAIL. I've seen it before.
-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse. Posts: 1543 | From: Ogilvie, MN, US | Registered: Apr 2004
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Millionaire....you are right about what you said above. My $2000 would still be $2000 at that time, but even if it didn't tank like the majority do, I would still need the PPS to go all the way to $10.00 to be at where I wanted to be in the example I posted earlier.
A less greedy example....Let's say I wanted to make 5 times my money. I would need the PPS to reach $1.00. Where we stand right now, I would need it to hit a penny. Granted the O/S would be less after the R/S, but in all reality it will be ALOT tougher to make the kind of money we could make right now.
Posts: 596 | From: New Jersey | Registered: Apr 2006
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quote:Originally posted by millionaireat30: correct me if i'm wrong but if they did a R/S and they did go to a bigger board the shares that you own would be smaller but the pps would be higher not affecting how much you've currently invested. let's say you did invest your $2000 and bought at .002. so that's a million shares and if they did a 1/100 R/S your 1 million shares would result to 10000 shares at .20 a share right? Wouldn't that mean you still have the $2000 you started off with with all the positives happening???? can someone tell us in general what's the best and worst case scenerio a R/S can do????
In a perfect world the RS would indeed result in a even trade. Dollar for dollar. BUT in almost all cases after the RS the pps will GO DOWN and never recover it's original value. Traders will walk away and if they don't they are extremely wary of the company from then on. The stocks volatility can get much worse.
-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse. Posts: 1543 | From: Ogilvie, MN, US | Registered: Apr 2004
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The company needs to sell more stock to support itself but the OS is high and the pps is low. They do an RS which raises the pps but wipes out the current shares value because the pps goes down after the split. Then they dilute to get more capital and the OS rises and the pps drops again. A spiral starts with RS and dilution. Eventually they fade away because no one will buy the stock...under any ticker symbol.
An RS is usually (maybe not in this case) an indicator the company is mismanaged or a scam.
-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse. Posts: 1543 | From: Ogilvie, MN, US | Registered: Apr 2004
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I've been involved in three R/S's and lost on all three...lost huge... I accumulated 2.5 million shares of IPRE at .0031 and will take the loss...If things settle and it looks like a good play I'll get back in...
I wish all the best to everyone who invested here...Time for me to move on and try to replace my losses...Good luck to all...
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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There is a good chance the pps will rebound. Have your gun loaded and finger on the trigger but sleep on it and give it a chance to come back at least a little.
I'm going to wait a bit before I get out. Hell...it might even move up again nicely if the dipsticks put out a reasonable PR.
But in the final analysis it's your money and your decision.
Good luck
-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse. Posts: 1543 | From: Ogilvie, MN, US | Registered: Apr 2004
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BMC... Thanks ...I appreciate the advice...I really do...I'm going to play MLXO tomorrow and try to recoup my losses..I've been researching all day and already made my choice...
I will keep IPRE on my watch list...but...these CEO's in Pennyland get me nuts and once one pulls this surprise R/S crap I usually avoid them...but maybe he will have some sort of explaination why he dropped that bomb in my office today...we'll see...Thanks again buddy !!
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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since every one here has been beat up pretty bad i am going to give you my picks for tomorrow vici sbtg not pumping i like them take a look for your self and lets make some money back
Posts: 1510 | Registered: May 2006
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I couldn't take the beating from IPRE so I bail and I'm going to go into either XKEM or SBTG of course after a lil dip in the morning hopefully. I need to recoup my losses badly. Good luck to all that still are holding IPRE
-------------------- Da Fareak Posts: 438 | From: San Francisco | Registered: Apr 2006
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i hear you guy its a damn war in penny land us against them the bigger the gun the better the prize
Posts: 1510 | Registered: May 2006
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I've had one subpenny stock that did well after the reverse. "HMNS" in Nov. 05 had a 1:100 R/S. I had 300k at an average of .0028, and ended with 3k shs of NGXL, and needed it to climb to .28 to break even. Anyway, long story short.. I sold at .70. It's down a little now, but it's holding its own pretty well. There are a few that make it, and hopefully IPRE is one of them.. GLTA
-------------------- "As long as there are dreamers, there are dreams that will come true." Posts: 862 | From: CT Yankee..... in FLA | Registered: Aug 2005
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Well...is this one going to pop back some today? Let's hope so. Maybe the market will have analyzed the PR and feel that an RS might not occur anytime soon or that if it does it MIGHT be basically a wash.
-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse. Posts: 1543 | From: Ogilvie, MN, US | Registered: Apr 2004
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IMO R/S won't happen; and even if it does it wont for another couple of weeks so Ipre has alot of time to bounce back
Posts: 4071 | Registered: Dec 2005
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I don't expect a PR, but it would be good. My feeling is the next PR will come late in the week or next week.
-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse. Posts: 1543 | From: Ogilvie, MN, US | Registered: Apr 2004
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The one thing about this R/S that I have seen mentioned only once so far, IPRE CAN'T DO ANOTHER SCHED D OFFERING FOR A YEAR. If the R/S does go... they wouldn't be able to dilute again for a while. Doesn't that give this R/S a little bit better chance of having a positive effect on the pps?
-------------------- COMMUNICATION CAUSES LEARNING!!!!! Posts: 136 | From: Ahwahnee, Ca | Registered: Apr 2006
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BEVERLY HILLS, Calif.--(BUSINESS WIRE)--June 6, 2006-- In response to numerous investor inquiries regarding the board of directors' proposal for a reverse split to be put to a vote of shareholders at a special meeting of shareholders on June 12, 2006, Imperia Entertainment, Inc.'s (Pink Sheets:IPRE) president, James Hergott has issued the following statement:
A reverse split does not change the value of the company. A reverse split will reduce the number of shares outstanding and the price will be readjusted upward by the NASDAQ Stock Market by the same ratio as the split based on the last market trade before the split is effected in the marketplace by NASDAQ. Investors do not lose any value unless the market price subsequently goes down, and that is determined by the market and could happen whether there is a split or not. The reason for the market's reaction to the news yesterday is more likely investor perception that the split is a bad thing or the company is not viable. That perception is based on the fact that many companies that reverse split do so in order to sell shares of the company. The company is a viable company and has many film projects in development, three completed films and TV series, and one film in post production. Imperia does not plan to do another Regulation D Rule 504 offering, and is prohibited from doing so because in the past twelve months it has raised the maximum allowed under Rule 504, and we have no intention of doing another 504 offering. The board of directors believes that the company's stock is seriously undervalued and has proposed a split to reduce the amount of outstanding shares due to the massive dilution that was incurred when the market price was not strong, in order to increase the liquidity of the company's stock, make it more attractive to larger traders and institutional investors, and position it to trade on more attractive markets than the pink sheets. Despite all the positive developments that have been announced, such as the completion of our second feature film, the positive reaction to it at the Cannes Film Market, the closing of our Regulation D, Rule 504 offering and announcement that we would not do another for at least a year, if at all, the acquisition of another trading company to launch our new family film "Whiskers," and the launching of our newest mixed martial arts movie, "Never Submit," and the positive reaction to it by sponsors, product placement advertisers, and mixed martial arts enthusiasts, the company's stock still trades at the sub penny level. A reverse split will correct this and allow for company expansion.
About Imperia Entertainment, Inc.
Imperia Entertainment, Inc. (www.imperiaentertainment.com) is a company which has emerged as a player in the area of independent film production and distribution, once monopolized by the major film studios. In conjunction with its distribution subsidiary, Imperia International Distribution, the company engages in investing in and producing and distributing full-length feature films. Along with its equity interest in the widely anticipated "All That I Need" (www.allthatineed.net), released in theaters last December and now on DVD, Imperia's film properties include its feature film "Say it In Russian," directed by Jeff Celentano ("Primary Suspect," "Gunshy") and edited by David Rawlins ("Saturday Night Fever"), "Brothers," by Tarquin Gotch ("Home Alone"), "Never Submit," a movie about mixed martial arts, and the award winning Autograph television series (www.autograph.tv) which airs on the Colours Television Network. Through its majority owned subsidiary, Muller Media, Inc., it also produces "Whiskers," by Jordan Klein ("Flipper," "Splash," "Cocoon").
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 TV AND RADIO 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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guys you got to understand that the IPRE management knows better than us as to what is good for the company so let them do what is required
Posts: 4071 | Registered: Dec 2005
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