Private Trader

Why I'm not selling IMGG so quickly this time...

PS - If, at this time, I had not set a stop limit, and found myself "stuck" in IMGG significantly lower than I bought it, then I would hold. The CEO behind IMGG is a scientist and is not a marketing genius, but in the long run (and possibly not so long run) I believe his Dominion product represents a SUBSTANTIAL change in radiology and it will market itself. In fact, I hope that IMGG does not spend lots of time and money paying off newsletters for marketing - the doctors at RSNA have been smart enough to snap up shares and as FDA approval is closer, they will likely do so again.

Why I'm not selling IMGG so quickly this time...

Well - I admit I spoke too soon. I've never seen such good marketing, but apparently a stock newsletter did a comparison of very low priced VKNG to IMGG, and several folks on yahoo boards repeatedly advised IMGG holders to go to VKNG for now instead because VKNG already has revenue and from devices or products already approved. Obviously day traders followed this advice and IMGG plummeted while VKNG spiked. As IMGG is now around 1.28 (an area I never thought it would reach before the RSNA convention), even I had to eat my words and pull out. If it means anything, VKNG is down to around .81 when yesterday was around 1.05. These both might be good companies, but I fully intend to go back into IMGG soon, and hope that I don't miss out on the possible run up due to the radiology convention or the FDA approval which could happen any day now or months from now. My situation may be different from others and so as always, I advise everyone to do their own due diligence. Despite the newsletter's attempt to convince readers to sell IMGG and buy VKNG, I did NOT buy VKNG. While I could do so (and reserve the right to), my own assessment of VKNG is that while it may make a good day trade, and may have good products, I do not believe they have anything as revolutionary in radiology as the Dominion which is only available from IMGG. It makes it kind of hard for me to put my into into VKNG. As mentioned, it also helps that I have actually met the CEO and others involved in IMGG. Has anyone met any of the folks involved in the operations of VKNG? If so, please post. Regardless, I will be continuing to watch IMGG and would appreciate any comments on upcoming activity, support levels, etc.

Small Article on the Small But Growing IMGG

What an irony! Seeking Alpha has "buried" my best pick this year as an Instablog rather than making it an article. Oh well! Needless to say, I can't blame anyone, as I myself did not realize how quickly this would move up! The shares I bought in the .70s I sold at about .96/sh figuring that we would see some retracement back towards $1, for a brief period. The current high of 1.22 came quickly, not sure if that's sustainable tomorrow. Nonetheless, as Thisisit said, no one but the FDA knows the timing at this point...

Small Article on the Small But Growing IMGG

Just bought some more IMGG at .65. >>> Why? 1) I liked CEO Janes' response on investorshub.com to a poster who had criticized him for a PPM which, at that time, valued the stock for only .02/sh.... Folks, this is a small company; I've heard that it ran into coding / software development problem and needed to quickly raise funds to hire coders...I believe that. 2) When I look at the number of outstanding shares (appx 172M) and that the x-ray industry is a multi-billion dollar industry, the shares still seem a bit low. 3) Also, from what I've heard, the CEO has already rebuffed low-ball offers for his company. >>> Anyone else believe this may be worth appx $3/sh?

Small Article on the Small But Growing IMGG

Just for the record, as of today's close (Oct 8, 2009), IMGG was .74 and during the day reached a day high of .81... I'm relieved in that anyone who may have bought based on my article should realize that since I've written the stock has gone down to about .46 (or maybe less) and then shot up to .81... If that's not volatile, I don't know what it is. If you bought based on my article, then I'd sure feel better if you got out now with a gain. Sure I'm long, but I researched this stock years ago. Unless you're willing to lose every penny, then stay away from this one. No matter what, though, with volume up, IMGG is increasingly exciting to watch! Part of the reason I'm letting folks know about it is because I know that some of you want some excitement in your life - and can afford the potential loss. The other reason is because I have seen such poor comments on other sites. The best information on this stock (aside from my own banter of course ;-) is on investorshub.com.

Small Article on the Small But Growing IMGG

For those of you who follow my articles, I just wanted to let you know that if you also bought some IMGG at .71 (as I mentioned I did earlier) and you're feeling queasy about the purchase, according to yahoo, it's now at .70. Such a small stock is subject to volatility, but if you've had trouble sleeping at night then now might be the best time to get off this ride. As I mentioned, I am currently long and depending on unknown factors, have high hopes that IMGG will eventually be worth more than $1/share. I've read at least one article in which an investor suggested it's worth minimum $2 and even up to $5/share. While such a rise would be wonderful, I think it may be a long time coming unless a buyout or actual sales occur. Again, if IMGG is up to it, I would prefer that they maximize profits by manufacturing and selling their Dominion product, or licensing the Dominion so someone else can manufacture it versus own it outright.

Is Pennantpark the Best Business Development Company Around?

Depending on your situation (eg - if you are a short term trader) you may want to unload some or all of this position as PNNT is releasing appx 4.3M shares at $8/sh. LT this should grow the value of the company and the price, but ST I suspect the price of PNNT will go down. Here is a link I found to the press release made on 09/24/09:

www.easyir.com/easyir/...

Small Article on the Small But Growing IMGG

IMGG recently hit a 52 week high of .74... Believing this to be worth a dollar or more, I bought a few more shares around this time and thus own some with a basis of .71: not my best timing for purchases on IMGG!

My other bases make up for this, and as I said, this company is real, has a warehouse you can visit, a dedicated founder / CEO, and the potential to produce its own invention. While it may travel through some mountains and valleys, I do believe this stock is worth more than $1 in the intermediate term. Don't forget that many of the investors in this stock are doctors or x-ray techs / professionals. They are likely to hold out at least for FDA approval, and perhaps longer - for buy out or production and sales of the Dominion product. Long term, may be worth even more for those who care for an interesting long position.

Brazilian Telecom Going Monopolistic

IE - short term traders might want to trade now, while long termers will want to hold out for at least $22 or more per share.

Brazilian Telecom Going Monopolistic

Today TNE closed at 19.14 which is very close to the the 22 target I made earlier. I continue to believe this stock will rise to 22 or more, but would not count on this happening too quickly.

Small Article on the Small But Growing IMGG

IMGG seems to have met resistance at .40/share, in my opinion this is disappointing, but the market is what it is. Depending on your situation, I would recommend unloading for profits today, and then going in to buy more as the price goes down. I do not know where the price drop will meet resistance, but I would think this stock should not drop much below .20/share if FDA approval remains pending. If FDA approval occurs, I would imagine this stock will rise to over .40 share. While it may slightly drop after that, if the company can book even just a few sales, that will be a tremendous increase in income for this company, and should allow it to no longer be a "going concern" and eventually become profitable.

Reconsidering Penny Stocks

This is a small note about a small company that could get big. About 3 years ago I researched and invested in IMGG. It is only traded on the OTC market. I thought I knew one of the people whose names was associated with the company - but since penny stocks can be easily manipulated, I visited the company - unannounced. Those present would not let me see their device up close (they frankly told me that they were worried I might be a spy from a competitor or then buyout company GE!). Since that time GE (another current holding of mine) has gone down to less than half what it was and this company has gone down and now might go up to almost twice what it was.

"What do you mean, gone down?" you might ask. As I recall, for several months that I began to take nibbles, this stock was at trading at approximately .13-.20/share. It was coming down from around .35/share. As I recall, it had hit around .35/share in 2006 after CEO Janes had made a presentation of his product to small cap investors in NYC. He also had gotten a nice write up in a magazine as a stock to watch. As you can imagine, CEO Dean Janes told me that since that event he was upset that the share price had continued to go down -- even though he was doing everything he reasonably could and should be doing to advance his company and product.

Since I had approached him as an investor, he asked me how I could explain why several "hot" companies were trading at $1 or more per share and they did not even have a physical warehouse or headquarters - which I could see that IMGG had. I agreed that it did not make sense that the share price of IMGG was going down from .35/share and not up.

CEO Dean Janes and I did disagree on two things though: in 2006, he sincerely believed that his company would likely be getting FDA approval by the end of 2007. Then he believed investors would flock to his company and GE, Siemens, or some other Buyoutco would probably make him seem crazy not to sell his device. He was thinking that even if IMGG sold the device, IMGG might still have a huge profitable operation going by continuing to develop, upgrade, and repair it.

I told him that I did not believe 2007 would be his year. I thought it would take until at least 2008. I must admit, when 2008 came and the entire stock market seemed upside down, I realized that IMGG might not have the great year that I thought it would in 2008.

However, IMGG is a company that has weathered a severe fire and other set-backs. So when a family member (whom I had advised to buy IMGG in 2006) asked whether he should sell, I said hell NO! I pointed out that to IMGG this storm was business as usual. To GE, this storm was far more life threatening.

Now IMGG's stock has "rushed" up to .24/share. According to yahoo (as of 091509) IMGG has a $63.73M market cap. However, I have seen their warehouse. It is a relatively NEW building. When I visited, it had a LOT of empty space (even though they were using some space for C-arm re-manufacturing).

My argument with CEO Janes was that they should manufacture the Dominion device themselves. At that time he did not like that idea as much because GE could bring a lot of cash to the manufacturing operation that IMGG did not have. - But that was 3 years ago. Now it is not clear to me whether GE, Siemens or any of the potential suitors Janes thought might arrive are in any position to be buying anything.

Furthermore, the Dominion device is not that big. It did not, for example take up much space inside their facility. Plus, for each one of these devices they are able to make and sell, it is my understanding that they would generate approximately $500k in revenue. I do not know how much of that would be profit, but I would imagine that with each device produced, they could make it cheaper and cheaper.

I could be wrong, (I have not had time to keep on on the latest press releases and would look forward to hearing from someone who has) but it seems like the company might now be leaning towards manufacturing Dominions themselves. This is because if they have "luminary sites," then they can force potential buyers to go visit the device, see it in operation, and either special order it, or NOT. This almost eliminates the need for a big marketing team. Instead, IMGG should have someone who simply books orders for the device. Better too many orders than too few orders and lots of extra devices sitting around unsold.

Again, I would argue that although Janes himself may be tired and in need of cash and/or retirement (after all he has dedicated a significant part of his life to the Dominion), but IMGG does not need a buyout as much as it needs buyers. When I say buyers, I do not mean buyers at .35 or even $1/share. I mean buyers of the device. Also, buyers of the software to run it and upgrade it. Also, buyers of the service technicians and parts to fix it.

In the meantime, because this company has a new product which offers better and cheaper images than regular X-ray machines, a driven CEO/founder, no direct competitors, and has the ability to manufacture its own product, software and related components, I think that even .35/share it would be undervalued - especially if the FDA approves its product. So, if you are holding it, I would say be patient. Short term traders may be wise to exit at .35/share. So perhaps there will be a dip for awhile after it hits that. But longer term this could be $1/share stock, and longer term this could be worth far more.

FDA Calendar Updates: Acusphere, AspenBio, Alkermes

Any thoughts on IMGG.OB?

Brazilian Telecom Going Monopolistic

Today TNE closed at 16.49. According to yahoo at that price it has a 9% dividend. While the current price may represent a short term high on a rally which is now rolling over, in the long term I believe that TNE will rise over $22 / sh. It should also be noted that Brazil and China are becoming increasingly close trading partners.

Yahoo! Inc. Q1 2009 Earnings Call Transcript

Mad Hedge Fund Trader - I just plussed it up one for you and agree with Hedged In; brief but helpful; thanks.