Thursday, February 20, 2014

SEC halts Imogo Mobile Technologies Corp - IMTC

"The U.S. Securities and Exchange Commission has halted Imogo Mobile Technologies Corp., a Vancouver-linked OTC Bulletin Board company that went to 83.8 cents from four cents in a five-week span earlier this year. The SEC says there are questions about the accuracy of publicly available information on the company's business, revenue and assets. The regulator has provided few specifics, but a recent paid tout sheet boasted that the company was developing software that could rival that of Microsoft Corp.

The halt comes about three weeks after Imogo suddenly began heavily trading. The stock went to an 83.8-cent high on Feb. 3, 2014, up from four cents on Dec. 27, 2013. Daily volumes rose into the millions, with the stock trading 6.7 million shares the day after its 83.8-cent high.*SEC-2147902&symbol=*SEC®ion=C

4211 Kingsway, Burnaby, BC V5H1Z6, CA.

"Imogo is a small company operated by Stewart E. Irvine, a Canadian who lives in Vancouver, British Columbia, just across the U.S. border. He founded the company in 2007, and is its sole officer and director. Between 1999 and 2007, he'd been the founder and chief executive officer of Zamage Digital Art Imaging (ZMGD), a public company domiciled in Nevada. After Irvine's departure, Sasa Vasiljevic of well know Canadian penny stock promoter and shell peddler, Mina Mar Group, petitioned a Nevada court for custodianship, reinstated its corporate status, and took over the public company. It was suspended by the SEC in 2012 along with a number of other dicey Pinks, and now trades listlessly on the Grey Market."

Stewart E. Irvine
"According to the company's most recent financial report, a quarterly for the period ended 31 August 2013, it has no revenues. It has never had any revenues. It in fact has no assets and no liabilities, something of a dubious achievement."

Stewart E. Irvine
"Imogo Mobile Technologies Corp.: Why This Illegal Spam Promotion Could Drop 80%+"

Imogo Mobile Technologies Corp. (OTCQB: IMTC) is a $47-million publicly traded company that has recently run up from $.15 a share to a high of $.838 solely because of stock promotion. Investors not yet invested should avoid Imogo Mobile Technologies Corp. at all costs, and anybody currently in the stock should not dither and sell the entirety of their stakes immediately because it is being illegally promoted through spam.

My track record at identifying stocks that are targets of pump and dump schemes speaks for itself.