Imagin Medical Inc C.IME

Roll Back

[Tradex2x]

Ok a 20 to 1 roll back now 9 miiion float is this Good or Bad .

[Anonxmas]

All depends how the 29th goes!

[Calrsberg97]

The 29th is a virtual information session for investors.  This is going to make a large jump one way or another because of this?

[KozmoT]

Rollbacks are usually kiss-o-death for penny stock gambles but a 20 : 1? Thats pretty bad. You now own 1/20th the number of stocks you had and the shareprice starts a new dribble downward. And to top it off, that last financing they announced that was supposed to close 1st tranch on Oct 22nd ... * crickets chirping * "The Offering may close in one or more tranches, at the discretion of the

[Calrsberg97]

Agreed it's not great however there were way too many shares previously, 20:1 takes care of that.  There may be some more bottom to come but I think there is more up side than down at this point.  

[KozmoT]

We'll respectfully agree to disagree.  When I first started investing (we're talking 1980's) I put money in a penny stock company called Response Biomedical.  Almost identical to IME in most ways.  They had to do a rollback, and the stock drifted right back to where it started, they did it again ... eventually investors who had 1000's of shares or more were sitting

[Tradex2x]

I agree  All we are doing is paying Crooks salaries for the last 2 years . A total Con job this stock will be worthless in 1yr .