Post by
NeotraderQC on May 23, 2023 9:54am
Financing
Well It looks like the glory days are over for IP. Experienced CEO would have done a Capital raise (rather than unloading their own holdings) when the stock was at $0.40 - $0.60 and replenished the coffers for long term. Instead AP unoaded his shares and completely destroyed the confidence that was building in this company. This new Financing essentaillay pays APs salary for the next year, leaves about $100k for platform maintenance, and some change for a few more fluffy press releases. I suspect whoever did the financing will also be the player who picks this up for pennies on the dollar once it files for Chapter 11 which is what I believe is coming next (and likely much sooner that people think). After working for the TSX and TSX-V for more than a decade I've have seen this too many times...This last round was the golden partachute that the Suitor who will pick this up in bankruptcy was giving for all the work AP did. I exited about 2 months a go with a loss after originally unloading at $0.60 and getting suckered back into it. Got in originally when this was called something before it became Imagination Park, and the UFC virtual and augmented reality stunt with Michael Bisping looke dlike something that could gain traction. It went from the ato getting your picture taken with Tyson Fury haha....now the only thing it is good for is to get a pic with sanbat Clause for your kid at X-Mas. Shame on AP for using this to enrich himself... Thats why it is only a 1 man company now. Lst run into the ground before it goes belly-up IMHO. Good luck to all longs who trusted this con artist.
Comment by
TheTexan on May 23, 2023 1:37pm
Every syllable true and correct. As weak a PP, as I have ever seen. AI is all over the news. AP is missing in action at the helm. Tx.
Comment by
gunzod on May 23, 2023 9:14pm
What a numb nutted lame duck so called ceo. I cannot find the words tto describe my disguist.
Comment by
Smiles62 on May 30, 2023 12:34pm
If we are so lucky to get some news, I will bail all out at 0.06. Which is close to a 50% gain from here. Yes I know I will not be the only one running for the exits.
Comment by
Smiles62 on May 31, 2023 12:56pm
If AP is considering selling the company, he is definitely holding material News like contracts in order to keep the SP as low as possible. Who cares about the retail investors?
Comment by
Smiles62 on Jun 06, 2023 10:11am
Another try at yet one more board member, eventually he will hit the right one. But the problem is these free shares at 0.05, so when they get fed up they just leave and sell and it suppresses the SP even more. Free free free. If ever it gets to 0.10, watch for this guy to dump.
Comment by
Smiles62 on Jun 09, 2023 2:37pm
Finally, NFT wakes up. Maybe IP is next in line?
Comment by
gunzod on Jun 11, 2023 8:31pm
OF THE 7 READS OF YOUR POST I gave U a thumbs up, U and me on the same page it seems. This financing will pay numbnutsa's salary for another year living fairly high off the hog !!
Comment by
Smiles62 on Jun 15, 2023 3:19pm
I have a feeling that we will see the 0.045 dissapear soon.
Comment by
Smiles62 on Jun 19, 2023 9:48am
And when it does disappear we will all say I wish I had dared one more time. :)