posted
fuzzy we were right all along. This R/S will move in the positive direction. Too bad most of my money was still tied up on Tdameritrade. i would have liked to pick up more shares when it was at .0011-.0013 range. could have made some money back. i need another broker. anyone here use choice trade? how is it?
Posts: 21 | From: us | Registered: May 2006
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posted
million, yes and im long on this. I invested all i had in this because i have faith in this company. they have alot going on and the end i believe we'll be happy. I use choicetrade myself its real good and cheap, only 5 dollars/trade even the pinks.
Posts: 4071 | Registered: Dec 2005
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posted
I sent an email...haven't recieved a reply and probably won't. Most (all?) emails I have sent to any company never get a reply.
I think most comapny's don't want anything in writing. A phone call might work...but then anything I would post would be hearsay.
-------------------- 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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posted
i better get myself a choicetrade account then. hopefully the pps goes back up before the r/s, so we'll be back to even. i don't mind being back to even and then doing the r/s. this company imo has real products, honest prs, and great potential becoming even bigger if they do infact move out of the pinksheets and attract larger investors.
"...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,..."
Posts: 21 | From: us | Registered: May 2006
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posted
Well...I'm rolling the dice. I picked up another 300,000 at .0015.
-------------------- 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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posted
BMC, i say thats a good move. if i had more money left i would definatly put into IPRE rather than some other penny
Posts: 4071 | Registered: Dec 2005
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posted
damn i wouldn't mind picking up that amount at that price. most of all i love this part of the pr today..."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."
imagine if we had institutional investors backing this company caching$$$$$ that's money and stability folks!!! hopefully all in due time....
Posts: 21 | From: us | Registered: May 2006
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posted
i liked the whole PR, it was a good clarification to gain investors trust back. most of the pennies don't even tell their shareholders as to what is going on, let alone the R/S
Posts: 4071 | Registered: Dec 2005
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posted
Lets hope that the idealistic view of Mr. Hergott comes to pass. There is a 50/50 chance it could work out either way. Only time will tell.
-------------------- 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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posted
I did receive a reply and it just told me to email Mr Hergott directly. (Couldn't forward it?) But after the PR today it would be of little value to do that.
-------------------- 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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posted
penny stocks are like a first date 9 out of 10 times you go home empty handed.LOL lets hope for the 1%
Posts: 1510 | Registered: May 2006
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posted
I'm not in this but someone who is better find out the details of this proposed reverse. In particular, is the a/s subject to the split as well? My guess is that it's not.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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posted
Obviously for them to make a release in regards to a R/S, they had to have considered it thoroughly IMO....so my question is how come they haven't given us any idea of what the ratio might be?
Posts: 596 | From: New Jersey | Registered: Apr 2006
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posted
Guys sorry to say R/S is 1000:1 really bad.. here is the link for confirmation PROPOSAL NO. 1
AMENDMENT OF THE CORPORATION’S ARTICLES OF INCORPORATION TO REVERSE SPLIT THE CORPORATION’S COMMON SHARE CAPITAL 1 SHARE FOR EVERY 1000 SHARES ISSUED AND OUTSTANDING
In order to restructure the company’s common share capital, to position the Company for better financing and market opportunities, we are proposing a 1-1000 reverse split of the Company’s common shares. This means that the outstanding number of shares will be reduced by 1000 times, and that, after the amendment to our articles of incorporation is filed, each shareholder will hold one share for every one thousand shares they now hold.
STOCKHOLDER APPROVAL FOR PROPOSAL 1
The affirmative vote of at least a majority of the shares of our common stock present in person or by proxy at the special meeting and entitled to vote is required for approval of Proposal 3.
RECOMMENDATION
THE BOARD OF DIRECTORS RECOMMENDS A VOTE “FOR” THE APPROVAL OF PROPOSAL NUMBER 1
EXECUTIVE OFFICERS Our executive officers are appointed annually by our board and serve at the discretion of our board of directors. Set forth below is information regarding our current executive officers:
Name Position James Hergott President and Chief Executive Officer Kenneth Eade Chief Financial Officer Kenneth Eade Corporate Secretary
James Hergott. James Hergott is the current President of Imperia, since July 2005. At the helm of his own production company, Hergott Productions, has successfully produced, directed and promoted "All That I Need," a Cinema Verite feature in the genre of "The Blair Witch Project." He attended York University, where he studied film and philosophy. While still a student, he founded his first business venture, the establishment of a "900 line" for jobs across Canada. In 1999, in collaboration with Producer Tarquin Gotch (Home Alone), he co-wrote the screenplay, "Brothers," and served as Associate Producer of "Call Me Donald," a biography on Donald Trump. His latest film project, "All That I Need," which was conceived, written, produced and directed by Hergott, was screened at the Cannes Film Festival in May 2005. Perhaps his greatest business accomplishment to date has been to establish a non-studio distribution system for motion pictures, which he will continue to develop at the helm of Imperia Entertainment.
Well that'll kill this one for now. I'll have to hold I guess and hope for the best.
-------------------- 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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posted
These clowns will see it go to .0001 probably. Maybe when they do the RS they'll put a good pps on it .... like 2.00 or so.
But then it could sink from that.
-------------------- 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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posted
As I think about this situation it seems to me that Hergott and company are really no different than any other of the penny stock bandits.
Think about it...
They diluted the crap out of the stock by selling on the open market to finance their budget overrun and then turn around and screw the 'investors' that provided that money by doing a 1 for 1000 RS.
My estimation is that virtually none of the current share holders will actually benefit from this rip off.
A real nice bunch of people....ROFLMAO!!
-------------------- 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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posted
It'll be interesting to see how fast it tanks now, since the current pps is meaningless.
-------------------- 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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Lost a hell of a lot on this one now. I, most unfortunately, bought in at 0.004.
10:1 would be alright, but I didn't expect that at all. 100:1 I expected, but would make a profitable trade for me unlikely. 1000:1 makes a profitable trade for me a virtual impossibility.
The PPS on this will be driven down to no more than 0.0005 before the R/S, probably even lower than that. So, after the split, we're looking at maybe $0.50/share. A climb from $0.50 to $4.00 per share will take a LONG time for even the best of companies.
And a 1000:1 R/S on a company with purportedly less than 250,000,000 outstanding shares? That'll put their O/S at a VERY low 250,000. Doesn't even make sense. You can't draw institutional investors with such a small float. They'll have to dilute.
God damn this has been a BAD last 30 days for me. Down 80% on the penny portfolio in 30 days. I won't even get into the dollar value, suffice to say it's enough to buy a decent new car.
Posts: 59 | Registered: May 2006
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posted
I think they can apply an amount different than the direct 1 for 1000 ratio. I've seen that before with other RS's I've been stuck with. The key is whether the new pps can hold up. Usually it drops right away. How much is anyone's guess.
Needless to say that if the new price was .50 the RS would be of little value. I think they want the pps to be above a dollar. An average of the last 30 days or whatever can be used I think.
That might be about .002 which would result in a 2 dollar new pps.
-------------------- 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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posted
LOL...If it drops to that or below I'll seriously have to load the boat up.
-------------------- 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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posted
Well just got done spending the last 2 hours reading the IHUB board....going to take a shower and then jump out my window onto broken glass. Nice chatting with you all!
Posts: 596 | From: New Jersey | Registered: Apr 2006
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posted
!0 million shares at .0002 would cost 2,000... after the split the number of shares would be 10,000.
Even at .50 a share that's 5,000.
If they would/could legally state the post RS price...the stock might trade at the ratio. That would be fair.
Also..If the pps drops to the basement I'll bet the MM's will suck up every share they can.
-------------------- 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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posted
I don't think they are going to go for .50 post split. It would do little to change the current situation. They want to be above a dollar IMO. That's why they are going for 1 for 1000. An average of .002 would put the pps at 2.00.
Watch waht happens now. I'll bet it'll be a snap to sell...but difficult to buy. The MM's might smell money and try to keep the shares for themselves.
-------------------- 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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posted
The meeting will be next Monday and the split will come very soon after that IMO. The next few days are going to be very interesting.
-------------------- 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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Let me first say I am impressed with the CEO answering my E-Mail so fast. This shows me he has Character.
My E-Mail Sent On 6/6/06, WXXXXXXXXXXXX wrote: Hello James, > > From the P/R below. > > http://www.allthatineed.net/pressrelease040206.html > > > > I see you do not have a large share structure as > > other pink sheet > > Companies have. > > What would a Reverse Split do besides what it has > > done today which is > > cause uncertainty in the market place with IPRE and > > management.. > > There are a lot of skeptics out there that are > > wondering if IPRE > > Management knows what they are doing. I appreciate > > Honesty in a CEO and > > management but would also like things explained. > > Why don't you as management check on other Companies > > who have done > > Reverse Splits and see many of them have not worked > > out to the detriment > > of shareholders and the Company.. > > I feel a R/S is not needed. I also see that a R/S > > was done once before > by management under another Company Name, tell me what did the previous > Reverse Split do for the Company and its shareholders that was positive? > You have a very good Company with a lot of positives. If you plan on going > to another exchange as the OTC.OB do you think at a higher share price the > Illegal Naked Shorters will not do the same thing all over again that you > are trying to rectify now. > I do not think so the same thing will happen all over again IMO. > > The way to stop this Is to move to the Nasdaq or American Exchange where > institutions can get involved with IPRE, also the Nasdaq and American > Exchange are more scrutinized. > > The move to the OTC. OB Exchange means you will be a fully reporting > Company which is good IMO, but why not if you are going to do a R/S amd > spend money on Quarterly Financial Statements apply for the American or > Nasdaq Exchange. > > Better yet have you thought about a merger with a Company on a higher > Exchange. > Case in point JPHC.PK who was massively illegally shorted located in > Vancouver was bought out by APO Health on the OTC.OB. JPHC saved $ 100 to $ > 200, 000.00 in filing fees by doing this. The new Company name is Paivis > INC. > When the new Company Paivis (PAIV) started tradeing Ameritrade Illegally > Shorted Restricted Shares and now the SEC is involved. > This is on the OTC.OB Exchange. > > On the OTC.OB IMO you will have the same problems you are trying to > rectify. > > Another way is to find out how many shareholders you have and the amount of > shares held by the Company and Shareholders. > Then you have a good case as to what exactly is going on with IPRE and the > markets. > You can request that all shareholders pull their stock certificates from the > Brokerage Houses which means the ShareStructure will be out of the Shorters > Hands. > > You also could distribute a future Cash Dividend to ShareHolders. This will > surely help IMO. > > If anything you should explain what your intentions > > are in detail, not > > in one sentence as was done in yesterdays PR mentioning > > the Reverse Split. > > This was poorly done IMO. > > > > I look forward to your response and hope I helped you in some way. > > LFWK and USXP are two othe Companies with similar problems. You may want to > look at all the Companies I mentioned above and find out what they are doing > to counteract the Illegal Naked Shorting in their companies. > > > > > Thankyou, > > A concerned shareholder. > > WXXXXXXXXXX *************************************************************** > > > > Response Back WXXXXXX,
Thank you for your suggestions. Definately some good ones that I will pass on. I think a lot of your questions were answered in today's PR.
All the best,
James
Posts: 88 | From: USA | Registered: Apr 2006
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