A popular trend 10-bagger penny stocks have been using this year has been to enter into one of two industries: either Marijuana or BitCoin. Choosing the latter as their juice of choice, Imogo Mobile Technologies Corp. (IMTC) had been secretly climbing up the charts after announcing on January 9th their entry into the Bitcoin community by accepting the newly created digital currency as payment for services. That’s great and all to do such a thing, but when you have $0 assets, $0 revenues and your being pumped by StockCastle, there’s really only one direction IMTC stock can go after its last month of artificial inflation.
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IMTC Stock Quote
Market Cap: 34.62M
Last: 0.471 ▼ -0.299 (-38.83%)
Volume: 6,723,576
Dollar Volume: $4,021,463
Open: 0.785
High: 0.785
Low: 0.45
Trades: 1,867
Authorized: 75,000,000
Issued and Outstanding: 73,500,000
14-Day Rel Strength: 61.67%
1st Resistance Point: 0.6873
1st Support Level: 0.3523
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Imogo Mobile Technologies Corp. was pretty direct when they reported on their last Q filing that they “have not advanced beyond the business plan state from our inception until the date of this filing.” The Company said to have entered into the Bitcoin arena had absolutely nothing, a big fat doughnut ($0), for assets and no stock left to issue in order to raise capital.
What’s ironic is that, within the IMTC alerts issued by the Stock Castle crew, they mention: “What IMTC is doing is offering industrial strength encryption to the average internet user. With all of the controversy surrounding internet privacy more and more computer users are looking for solutions to keep their computers secure and safe from prying eyes.”
Now if you think you didn’t receive an IMTC stock alert in your inbox, check your Spam folder and you’ll understand the irony of that statement StockCastle mentions.
Still not sure which way IMTC is gonna go, maybe this will give you a better clue:
About IMTC Stock
Imogo Mobile Technologies Corp. is a development stage company which has dreams of commencing operations as an e commerce retailer of overstock items through a website on the internet.
Click here to view the SEC filings for IMTC.
Click here to view the website for Imogo Mobile Technologies.
Last 5 Trading Sessions:
| Date | Open | High | Low | Last | Change | % Change | Volume |
| 02/04/14 | 0.7850 | 0.7850 | 0.4500 | 0.4710 | -0.2990 | -38.83% | 6,723,500 |
| 02/03/14 | 0.7010 | 0.8380 | 0.7010 | 0.7700 | +0.0750 | +10.79% | 4,731,100 |
| 01/31/14 | 0.5175 | 0.7000 | 0.5100 | 0.6950 | +0.1850 | +36.27% | 5,121,200 |
| 01/30/14 | 0.4195 | 0.5150 | 0.3701 | 0.5100 | +0.1000 | +24.39% | 4,400,100 |
| 01/29/14 | 0.2500 | 0.4400 | 0.2401 | 0.4100 | +0.1750 | +74.47% | 4,349,300 |
Bottom Line:
There are penny stock scams and there are penny stocks scams. IMTC is the most blatant of them comparable only to a hijacked ticker from an iHub message board which has had a “STOP” sign issued to it for nearly a decade. Chase the Bitcoin accepting all-in-one secure mobile cloud services and solutions platform provider all you want, but mark our words, danger lies ahead for IMTC stock.
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