IMCG - 7 for 1 split for Jan 20th

Piper said: "What do you guys think about this? Pretty aggressive but could be a good one."

HappyHarry said: "Why would a company that sells for .40 cents do a 7 for 1 split?"

Piper said: "Got me! Thats why I have presented to you guys."

Heather said: "What is the best thing about this stock?"

HappyHarry said: "This is a definite "red flag". Avoid this P.O.S. like Michael Jackson attempting to avoid prosecution."

Piper said: "Let me understand this a little better. Say sometime between now and the 20th I buy 100 shares around .40. Split on the 24th, now I have 700 shares, no telling what the new price would be, but don't any of you think a $ could be made. Maybe I am missing something about splits. Do you have to hold for a period of time?"

HappyHarry said: "Piper, what happens is when they split it, they'll also split the price by 7. So first you have 100 shares at .40 cents each. Now you'll have 7 shares at .057 cents. Splits are generally done because a company is selling for a high price like $100 and the company wants to make the shares more accessible for the public or a split is done by a company that has huge earnings and wants to reward its investors."

misterjover said: "[QUOTE=HappyHarry]Piper, what happens is when they split it, they'll also split the price by 7. So first you have 100 shares at .40 cents each. Now you'll have 7 shares at .057 cents. Splits are generally done because a company is selling for a high price like $100 and the company wants to make the shares more accessible for the public or a split is done by a company that has huge earnings and wants to reward its investors.[/QUOTE] Precisely. This split sort of puzzles me, and I think the main reason why it's being done is to increase the share volume to give its stock more visibility. Correct me if I'm wrong, please."

Piper said: "I think you are correct misterjover. I went ahead and picked up 1000 shares at .40 today. Would love to see it do something, but if it doesn't, its not a huge loss. Plus, come 1/24 split, I will have 7000 shares. It would have to drop below .05 before it would be a loss. I am new with not much experience, but this just seems to be fairly safe."

Piper said: "I know I am trying to convince myself that this was a good buy, but if you look at their most recent filing, their #'s don't look bad? I am not real knowledgeable about fundamentals, but they seem to be heading in the right direction? By they way, I am up 15%. I want the split, so will hold till atleast the 24th."

misterjover said: "Don't sweat it. That was probably a good call on your part if you're up 15%. I personally would've sold at that point and repurchased at the next dip, but I'm too much of a gambler. I'll keep an eye on that stock throughout the month to see what the effect of this split will have."

scottigee said: "Wow - you guys love the high risk stuff huh?! :D I'm not at the point where I throw money at odd, eratic stocks like this...but maybe I will be soon enough."

Piper said: "scottigee, if you look at my post a few back, if you buy around .40, this stock will have to drop to .05 after the 7 to 1 split before you loose money. Just throw a couple $'s in before 1/20 and you will get 7/1 on 1/24. Call me crazy, or maybe just clueless, but it seems like a no brainer to me."

scottigee said: "sounds appealing, but isn't it going to start at $0.057 when it splits? How often do you guys hit it big with these penny stocks? How often do you lose?"

AlfredSokol said: "Good question. I don't have the stomach for these either."

Piper said: "This could be what I am missing. I haven't always seen a stock drop to what the split rate was. Take TASR for example, the last Nov. 2 for 1 split did not cut the stock in half. Another example would be LUV between 1998 & 2001. Can someone who is knowledgeable/experienced in splits comment on this situation. If I can jump out with a 10-15% profit before the split, should I? I only have 1000 shares, so it is very small profit or loss either way."

scottigee said: "yeah the adjusted split graphs always throw me off. Does anyone know where you can get price graphs that show where the prices actually were? Like 3M - they had a 2:1 split on September 30, 2003. The price went from [URL=http://finance.yahoo.com/q/hp?s=MMM&a=08&b=2&c=2003&d=09&e=14&f=2003&g=d]$140 to $70[/URL] But looking at their graphs you'd never know where it was when it split [IMG]http://chart.finance.yahoo.com/c/2y/m/mmm.gif[/IMG] Very confusing when trying to analyze price history - you pretty much have to download the historical data and graph it yourself."

Darren said: "don't forget, stock splits can put prices right through the basement too. it could split and go to .0002 also."

misterjover said: "..woah.. up about 30% on friday."

Piper said: "Up 44% to .68 today. Buy today and get your 7 to 1 on the 24th."

HappyHarry said: "If you're up 44%, you should really consider taking profits."

Piper said: "I've only got $400 in it. Bought at .40 giving me 1000 shares. I would rather get the 7/1 split then see what happens. I would just assume loose $400 rather than seeing a big gain lost after the split. You guys watch this one over the next week or so. One way or another, either someone will be telling me I told you so or I will be chuckling all the way to the bank. Wish me look, I'm staying in. :eek:"

misterjover said: "This is going to get a big boost after the split. This will become daytrader territory next week. When it gains attention, it will break out in one day. Keep an eye on it."

Piper said: "Thanks for the vote of confidence! Has anyone else gotten in?"

scottigee said: "I've said this in some of my other posts: I am a conservative trader... I almost bought some of this stuff for fun but I'm going to watch it. Stuff like this will determine whether I transition into life on the edge like you guys live or remain a day trader. And we wait....."

misterjover said: "Piper. I must admit. That was one of the best picks I've seen so far in these forums. Since you mentioned this stock, it has doubled in value... in front of our eyes, and despite that, I think you are the only one here who is deeply invested in it. Tomorrow, if the trend begins upward, even a nanometer, I'm in at least a few thousand shares."

HappyHarry said: "I'm like ScottiGee. I just have never been able to bring myself to buying these off-brand nickel stocks."

AlfredSokol said: "Congrats on the pick, Piper! I may watch this one day and toss $500 in the pot. It should rise into the split. I guess dump it the night before the split?"

misterjover said: "IMCG is going nuts in premarket. Just an alert for all you daytraders. Up 20% in premarket! Today is a good day for this puppy. We'll see how it plays out."

Piper said: "Dump before the split huh? I am not sure what I am going to do. I should have put more into it is all I know. I think you will still bring in more profit with the split as long as you watch it close. Hope some of you were able to benefit from this one."

AlfredSokol said: "I bought 800 shares and I'm losing money already! :)"

misterjover said: "Holy cow! I just checked back and witnessed a major sell-off! What happened to the morning stride? It was up over 20% in premarket, and it even leaped to .935 !!!!!"

Piper said: "Yah, kinda sucks for those that just got in."

HappyHarry said: "First you get "The Pump". Now you get "The Dump". Piper, I assume you heard about this from an e-mail spam or something along those lines?"

AlfredSokol said: "The bid and ask are at .60. They list the last price at .25. Might be an interesting day today."

HappyHarry said: "Very interesting. It went straight down at the open like an anchor. What happens to people who but the shares today? They aren't in by the ex-div date of 1/20/2005. The split occurs on 1/24/2005. So this would indicate that people who buy the shares today would get a non-split price. If that's the case, they stock should end at around 10 cents today."

Piper said: "[QUOTE=HappyHarry]First you get "The Pump". Now you get "The Dump". Piper, I assume you heard about this from an e-mail spam or something along those lines?[/QUOTE] Funny you should ask.. close on the e-mail, but actually it was spam fax. I normally toss these at first sight, but this one looked kind of appealling. I did a little DD and determined it was worth the risk, to me. It will be very interesting to see what it does between now and end of day Monday. I am still seeing bid and ask between .51-.58 this morning."

Piper said: "If I sold today, would I get the current price with the amount of shares after split, even though they have not been issued. Technically I was a shareholder at end of day 1/20/05. I would be entitled to the value of all shares at the price I sold at, correct?"

Chefskeez6 said: "If happy harry is correct and i believe he is. Anyone buying these shares for anymore then .07 is crazy. I can't understand for the life of me why you would do a 7:1 slpit when your shares are worth .50 Would this be something to consider shorting?"

HappyHarry said: "If you sell today you don't get sell the split shares. The bid and ask being 13% apart looks very phony today. I checked the company out a bit and they had about 6 million in sales last year. There's nothing to indicate this company needed to do a 7 for 1 split."

HappyHarry said: "Chef, I'm not sure you can short a stock with this low of a share price. It depends on the broker. My guess is this should drop pretty hard today, but I'm not sure."

Chefskeez6 said: "I realize but you won't sell the split shares but if its trading for around .52 now and you think that by the end of the day it could be around .10 I really don't know what i am talking about, so please no one go do this on my advice."

AlfredSokol said: "I fear for the worst. I ignored my own advice and jumped in and now I'm getting killed! Thank God it's not the rent money or anything. LOL. I guess I'll own 5,600 shares of this beauty of Monday, hopefully they'll be worth more than a nickel. And yes, this looks like a Pump and Dump. I checked out a number of posts where people said they called the Investors Relations department a bunch of times with questions about the split and got no reply. Everyone heard of them through spam-faxes, so you know it can't be kosher."

Darren said: "good luck. monday is the big day for this one."

scottigee said: "I'm eager to see what happens after the split. $0.40 was the time to get in. This downfall is normal after the cutoff date of 1/20 Good luck to all those who are in this!"

Piper said: "Holding fairly strong today...still sittin @ .52. After the downward move this morning, I also thought it was going to drop like a rock. Can't wait to see what Monday has in store. And to top it off, my SIRI is showing recovery signs. I could have died after buying a 1000 @ 6.50."

HappyHarry said: "There might be a big pump on Monday. Should be interesting. It looks like it's surviving the day today."

Piper said: "[QUOTE=HappyHarry]This is a definite "red flag". Avoid this P.O.S. like Michael Jackson attempting to avoid prosecution.[/QUOTE] :rolleyes:"

HappyHarry said: "I have avoided it. I'm just watching to see what happens to you guys now. The "victims". :D"

Piper said: "Anyone could have seen 145% returns since I posted this lead. Such victims. The only reason I am still in is because I only have $400 invested...not enough gain to pullout prior to the split. Now if this sucker is still holding .40-.50 come Monday, I'm outta there."

HappyHarry said: "You called it at .40 and it's at .55. That's a 37.5% return. You mean they could have got 145% return if they called it just right and already sold? I agree that $400 is not a lot of capital, so it probably effects your trading style."

randy44 said: "i'm looking for an open of .07 cents on monday. i'm hoping to get out at .15"

scottigee said: "[QUOTE=Piper]Anyone could have seen 145% returns since I posted this lead. Such victims. The only reason I am still in is because I only have $400 invested...not enough gain to pullout prior to the split. Now if this sucker is still holding .40-.50 come Monday, I'm outta there.[/QUOTE] If it gets back up to $0.50 after the split I say leave some in! Cash out to get yourself a nice profit but leave yourself a few shares just in case it keeps going."

misterjover said: "Gotta know when to hold 'em and gotta know when to fold 'em."

AlfredSokol said: "There is definite confusion about the split, but I culled some info surfing the net. It appears that companies with stock splits get a new symbol and CUSIP number. So even the shares traded on Friday get converted as well, because the old CUSIP number is removed. This is not 100% info, but it makes sense. It will be interesting to see what occurs on Monday. If they split at 10 cents or so, it's a 3 year low on the stock price."

Piper said: "The filing clearly says, "The common stock dividend is payable to shareholders of record at the close of business on Jan. 20, 2005, with an effective split date of Jan. 24, 2005. The 7-for-1 stock split will be awarded in the form of a common stock dividend to shareholders of record. As a result, shareholders of record will see seven additional shares for each share held as of the close of business on record date." I would assume by this that if one were not in by end of Thursday, they will not get the split. Although, if one did happen to buy Friday and are still holding come Monday, that has potential to be ugly.. :eek: ..assuming they do not get the split. 2nd request: mister - will you post on pre-market activity Monday morning? Myself, and I'm sure others, would like a little insight as to what is going on to plan out Monday. Thanks if possible!"

AlfredSokol said: "I think the people on the 21st get the split too. I mean, let's hope so. So Mondays open is probably going to be .58 divided 7, so .082 each."

Piper said: "[QUOTE=AlfredSokol]I think the people on the 21st get the split too. I mean, let's hope so. So Mondays open is probably going to be .58 divided 7, so .082 each.[/QUOTE] Record date - the date you must be registered as a shareholder to receive a declared dividend or to vote. To be entitled to a dividend, a shareholder must officially own the stock on the record date. I'm not here to argue, I just don't think you are correct. God lets hope it does not drop all the way down to .082."

HappyHarry said: "I guess we'll find out shortly."

misterjover said: "Its new symbol is IMTR, and it's not trading during pre-market hours today."

AlfredSokol said: "IMTR is listed at: 0.0828 Pretty much what I figured."

misterjover said: "Wow. Opened all the way up at 0.11. Let's see where it's headed."

AlfredSokol said: "One big problem for me. It only shows 800 shares and not 5,600."

HappyHarry said: "Okay, so now we know more about how a split works. You get a whole new symbol and CUSIP number. But the question is, when do shareholders "of record" get their shares? Because they can't trade them until they have them. So who is trading shares right now?"

scottigee said: "[QUOTE=AlfredSokol]One big problem for me. It only shows 800 shares and not 5,600.[/QUOTE] THAT is a [SIZE=5]BIG[/SIZE] problem"

AlfredSokol said: "Yeah, mainly if I want to sell it. It's hanging it at around .085 now. Wonder when the shares show up."

fredfox said: "I got in at .39, now I see .12 after 7-1 split, I am a gambler and will wait for my ameritrade to catch up. It stinks not being able to do anything yet. I called and they said a couple days."

AlfredSokol said: "Hi Fred, It has hung in okay today. There might even be some momentum."

Piper said: "I don't have my additional shares with ScotTrade either."

HappyHarry said: "I read somewhere you get them on the 26th. You should be able to trade them now, but I'd check with the brokerage first."

HappyHarry said: "Everyone from the [url=http://biz.yahoo.com/bw/050124/245730_1.html]21st gets the split also.[/url]"

Piper said: "If you read their filling, it says share holders of record as of end of day the 20th, would be issued the 7/1 on the 24th. Still have not seen it. :cool:"

misterjover said: "Depending on your broker, it takes a few days to post. Usually it is seen about 2-3 days thereafter."

scottigee said: "So did everybody get their 7x shares? Anybody cash in yet? $0.10 so far this morning...."

Piper said: "Nothing yet."

Darren said: "what is the upshot of this? they did a seven for one split from .44 and now they sell for .09. so they are at .63. but now they have a float that's 700% larger than before"

fredfox said: "[QUOTE=scottigee]So did everybody get their 7x shares? Anybody cash in yet? $0.10 so far this morning....[/QUOTE] Well, I got out. Hope it was a good decision.10"

HappyHarry said: "Looks like a good call, Fred. The momentum is flat at best."

scottigee said: "Hey, you made money right?! :D so it's not a [b]bad[/b] decision...and only time will tell if it wasn't as [b]good[/b] a decision as it could have been... :needmoresmiliesbigthumbsup"

Piper said: "I got my additional shares today. I am going to ride this thing into the ground, or play the ups & downs for a while, since I am only in $400."

scottigee said: "[QUOTE=Piper]I got my additional shares today. I am going to ride this thing into the ground, or play the ups & downs for a while, since I am only in $400.[/QUOTE] Well thank you Piper! You're making this fun to watch!"

misterjover said: "Piper. It's down to .075 right now, and I hope you bought more shares after it dipped. Hopefully, it will ricochet back up soon."

Piper said: "Nah Misterjover, I will sell when up and buyback when down. Plus all my capital is tied up in Sirius @ $6.50... I know, I know. :mad:"

Firefighter said: "All the hype about this stock, Im going to put in a buy monday morning......hopefully after a little pullback, say around .065? With all the jumping around this stock is doing, typically on Mondays, I could expect to sell around .085 and take my 30%profit."

Piper said: "Good luck to ya firefighter!"

frodo said: "Hi, I stumbled upon this site while doing a search for more info about IMTR and thought I'd put my 1/2cents worth in!! :p I bought some of this stock prior to the split & I am planning to hold it for at least a few weeks. If you check the past 2 yrs on this one, each year around the first half of Feb, the stock has gone waaay up so I am hoping it follows the same trend this year. It will be a tidy profit if it DOES follow that same trend this year :) If it doesn't, well I should still be able to get out with a few bucks. It would have to take a bad nose-dive for me to actually lose much money on it, so I think it's worth taking the chance.... JMO!! Good luck to all who are holding this!"

chahinemm said: "welcome frodo that is nice that u stumbled to our community... we always value opinions and we hope that u will be regular to give ur insight to us... i actually didn't look that far back but for sure something that ill look forward to... thnx and welcome chahine"

frodo said: "Thanks Chahine! I'm a newbie to trading so I doubt I'll have much useful insight for a while! LOL! But I'm trying to learn as much as I can, and enjoy reading what others have to say. Thanks for the welcome, glad to be here!"

Firefighter said: "I researched all over the net and couldnt find anything really bad about this company. What is interesting to note is that most of your penny stocks (85%) usually grow at an aggressive rate after a forward split (according to one study I did----DD) Frodo, thanks for pointing out your little chart study on this stock. I may have to rethink my strategy on possible gem. p.s. Do any of you use pinksheets.com for reliabe studies/news on stocks?"

frodo said: "I visit pinksheets frequently to check on news, SEC filings & such.... slowly building up a list of sites that I use daily to check on any stock that I'm interested in. Overall, I'm more interested in TA, so alot of my "favorite sites" are geared towards charting, while my hubby enjoys researching the fundamentals on a company, so I guess we balance each other out pretty well & between the two of us, we TRY to cover all bases!! :D Though he was the one who brought IMTR to my attention & pointed out the annual spike in Feb... Best of luck to you, Firefighter!"

chahinemm said: "i have been looking at sweb. what du think chahine"

frodo said: "(Not ignoring you Chahine - just letting someone with experience answer your question....) Got a question of my own here ----- about IMTR (was IMCG until the split) --- today seemed really peculiar --- their average volume is low, app. 85,000. It spiked up to over 1 mil 3 or 4 days prior to the split, even hit 2 mil on the 20th (record date of split), then settled back down to 'normal'. Today - it's weird --- volume is not far short of 8 million. About 7 million of that is in two transactions alone - both for exactly 3,530,000 shares, roughly about half an hour apart. But, even taking those in account, though, the volume is still way above 'normal' just on the other transactions that have gone through today... but those 2 orders really puzzled me? My limited L2 access isn't showing whether they were buys or sells, but I'm assuming they were buys, as the price jumped up afterwards....stopped at .06 & been jiggled between .058 & .06 since.... Anyway, I'm not trying to 'hype' anything about this stock, but being a newbie at all this, it seemed so weird & I was wondering what the explanation for this *could* be??? Couldn't find anything about insider transactions or anything - there is no new PR or news out from the company.... those 2 huge buys just puzzle the heck out of me, seems so oddball compared to the way things have run most every day with this one... Appreciate any insight anyone can give me!!!"

HappyHarry said: "You have some good questions, volume was nearly 8 million today! That's about 10,000% more than normal. Plus the price didn't budge, with that much of the float trading hands! That's crazy."

frodo said: "Thanks for the reply, Harry! It's really peculiar, isn't it?? The price bumped up just a teeny-tiny fraction after those orders went through - but not even a penny - & that was all! Even the other almost-million in volume, outside of the two huge transactions, didn't change the price!?!? Nothing about this made any sense to me at all - so I thought maybe there was just some other aspect that I didn't know about, being a 'newbie', that would seem 'obvious' to an experienced trader. Oh well, will just sit back & continue to watch it from day to day & see if it ever makes any sense! :p"

HappyHarry said: "Could be someone loading up for another "Pump". You're right about the stocks performance in February. It tends to go way up."

frodo said: "Whew..... guess it's hard for me to imagine being able to plunk that kind of money into one single trade! Those 3+ million buys cost almost $200k each.... out of my league, for sure - if I could spend almost a quarter of a million on ONE trade, I wouldn't be playing penny stocks! LOL! I certainly do hope that the "february uptrend" happens this year as well!!! Though lately, I'm starting to feel as if I could buy Google today, and by tomorrow morning, the price would plummet to $1 a share just because I bought it! ROFL!!! Just kidding, I know things will improve for me - just had some discouraging trades lately, but oh well, I think I've learned a little bit from them, so they weren't total losses as long as I gained *something* in the process!"

misterjover said: "[QUOTE=chahinemm]i have been looking at sweb. what du think chahine[/QUOTE] Low float penny stock with a nice chart and not alot of selling. Low volume conservative gains, not losing alot of money... getting more and more attractive as I keep looking at it... ... kinda like a fine woman you spot from a distance, and as you come closer to her she is getting more and more foxy. :p Gimme another day to do research on this, and if you can post any other things, that would help. Thanks for bringing this up. It looks rather promising."

AlfredSokol said: "Well let's hope someone pumps this P.O.S. because I'm still holding my 6 cent shares :)"

frodo said: "possibly explains those 7 mil shares? [url]http://biz.yahoo.com/bw/050202/25547_1.html[/url] Call me overly optimistic or stupid or whatever, but I don't feel this is a POS stock - it's just going to take holding onto it a while longer - but I still feel good about this company, FWIW....."

Piper said: "frodo...I like your optomism, seeing as I started this mess. I'm still holding my 7000 shares hoping for the best."

scottigee said: "Is anybody not in good shape on this after the split? I believe we said it would have to go to $0.20/share for people to lose money...was that the #?"

misterjover said: "Strange how after all that volume and splitting the company pays off its debt. I'm under the impression that the share volume generated by the split led to this firm's cash-buildup to pay off its debt. If a firm has to use its capital from shareholders to pay off its debts... ...that's not a great sign. The PR hit this morning, but apparently there was no buying surge. That's the only thing backing up my speculation. If someone has a better explanation, please enlighten us."

Firefighter said: "[QUOTE=Firefighter]All the hype about this stock, Im going to put in a buy monday morning......hopefully after a little pullback, say around .065? With all the jumping around this stock is doing, typically on Mondays, I could expect to sell around .085 and take my 30%profit.[/QUOTE] Im glad my phone rang, or had to walk my dog, or whatever it was that prevented me from buying at .065 then. WHEW !!!! Its dying faster than a dog with a burrito stuck in its throat."

Piper said: "I told yall I was going to ride this one into the ground. Geeesh, what in the world. I could understand the big sell off right after the split, but why in the world does it continue to drop?"

misterjover said: "Piper, since I've been following this stock, it has gone from strange, to good, to bad. I admit that this firm might have taken us for a ride, especially after its anouncement of paying off its debts. After the split, when it hit a high of .13 per share, that was probably the best time to sell, and that would have been the optimal exit strategy. So, I'm going to tell you that this was definitely a learning experience because clear-cut exit points should have been set with this stock. On the surface, this does not appear to be a stock that should be held for the long haul, but there is a chance that it can surge back to its former glory. However, that chance is slim at the moment, and if you want to hold this stock, you're going to have to base that decision on some solid information about the company, not just what we see here on paper. I really am rooting for you Piper. Please understand that all traders experience this not just once but on several occasions. This is part of the game, and a stock can turn on you in any direction. It all boils down to your stop-loss limits and your exit strategy once you're playing a stock of this nature."

scottigee said: "...an excellent learning experience. :)"

HappyHarry said: "Yeah. Does the word fraud pop into anyone's mind? Does this company have an address? A phone number? Anything? You have to do some due dilligence or you're gonna get screwed over and over on these types of stocks."

scottigee said: "Anything trading under a buck is not going to be your buy-and-hold long term stock. In that respect it doesn't really matter if you do the usual research or not. If you find enough evidence that it's going to get pumped then by all means get on it! ....the key is to take your gains and leave fast. Or cut your losses and leave fast. Either way leave fast."

HappyHarry said: "I guess. Personally I won't spend the time or money. And at the very least, it takes two seconds to pick up a phone or write an email and see if a company exists. BTW, IMTR did not answer a few emails I sent concerning this stock split."

AlfredSokol said: "I'm really counting on their [B]patented Febuary Bounce[/B] to save my ass on this one. LOL. Worst pick of my life!"

misterjover said: "IMTR is up 45% at the moment. I hope you folks are either holding or selling just today."