Imperia Entertainment Closes Regulation D Offering Tuesday May 9, 9:30 am ET
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--May 9, 2006--Imperia Entertainment, Inc. (Pink Sheets:IPRE - News) announced today that it has closed its Regulation D, Rule 504 offering and is no longer selling shares of its common stock to accredited investors. A Form D is being filed with the Securities and Exchange Commission this week, disclosing that the company has raised $999,460 in the offering over the past twelve months. The limit to any such offering is $1 million per year. "The company had to complete the offering in order to complete its feature film, 'Say it in Russian'," said James Hergott, President. "Due to the large number of emails I have received, while I will continue to answer questions about our movie productions, I will not be able to give individual answers about the financial condition of the company. The company posts all of its financial information on www.***********************.com, to make that information publicly available every quarter, as required by the SEC, and other company news will be posted in press releases or in letters to the shareholders, so that all of the information is available to all the shareholders," said Hergott. ADVERTISEMENT
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 to DVD in February, Imperia's film properties include its feature film in post-production, "Say it In Russian," "Brothers," by Tarquin Gotch ("Home Alone"), "Whiskers," by Jordan Klein ("Flipper," "Splash," "Cocoon"), "Never Submit," a feature film on the subject of mixed martial arts, and the award-winning "Autograph" television series (www.autograph.tv), which airs on the Colours Television Network.
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This one will fly in the next week or so when news about the sale of the movie is complete at Cannes. It along with the other projects they currently have in the works should make us a lot of money. I will be buying more.
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100% and climbing!!!!!!!!!!!!!!!! Nearly triple the average volume. Strong buying at this price as well. We should end up today at 150% or better.
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Does anyone know why there was such a strong decline from .20 in the last three months? The gap is potentially enormous in this thing!
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Up 120% - There are 2 times the buyers than sellers. After the lunch lull, I think this thing will move fast. Been wrong before, but it is poised for some heavy movement.
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[/qb][/QUOTE]0.19?? Holy, it really fell didn't it.
What are the chances it goes back to that level? [/QB][/QUOTE]
Apparently IPRE had a movie that went to theaters in Nov., so the price sky-rocketed...but then it left theaters without much adeu, and it plummetted...
If "Say it in Russian" goes and stays in theaters, then the price should rise substantially
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