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Fascinating: so does "Imogo Mobile" even actually exist?
device
jducoeur
Today's trawl through my spam filter was kind of interesting. Normally, Google puts a couple dozen spams a day into the spam folder (after, I assume, deleting hundreds that are more unambiguously spam). Today, there were well over 200, hitting a zillion waks.org addresses. (Since I own my own domain, every company gets its own bespoke email address, so I can track who is and who isn't safeguarding my email address properly. Today, it is sadly clear that the Economist has, somehow, failed to do so.)

Anyway, I got curious and took a look, and a very large fraction of these emails are clearly attempts to drive up the stock of something called "Imogo Mobile". That made me slightly *more* curious -- it's never obvious whether the company being touted in these things is a willing participant or not, since there are ways to make this scam work without the company being in on it. So I went over to The New York Times' page on the company, which has the following blurb:
Imogo Mobile Technologies Corp., formerly Monza Ventures Inc., provides service, which integrates the features to work securely and from anywhere globally with an Internet connection. The Company's managed services model offers businesses to use cloud computing and digital telecommunications. Effective February 24, 2012, the Company changed its name by way of a merger with its wholly owned subsidiary Imogo Mobile Technologies Corp.
...

So, does everyone agree with me that, behind the buzzwords, that says essentially nothing? (And does so with poor grammar, to boot?) I mean, it almost reads as if it was computer-generated, by a system that isn't quite good enough.

My current guess is that this is nothing but a shell corporation that exists to be a penny stock for this stock-pick scam, which will quietly cease to exist in another month. But I can't say I'm certain -- that's driven as much by the sheer incompetence at writing the blurb as anything...

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To me that reads like it was translated from Chinese or Japanese by a computer translation program.

Hmm -- fair point. Okay, so let's see what the company's website looks like...

Yeahhhh -- okay, it's clearly a scam. The company's website has been suspended by its hosting provider. One strongly suspects that that is in the wake of today's spam wave...

Apparently they file reports with the SEC.

Hmm, yes. Chinese, has lost money since inception, US company registered in Nevada. Most recent quarterly 10-Q.

It's not even a shell company:
Our company has net losses for the period from inception (September 6, 2005) to May 31, 2013 of $188,357 The independent auditor's report on our financial statements contains explanatory language that substantial doubt exists about our ability to continue as a going concern. The report states that we depend on the continued contributions of our executive officers to work effectively as a team, to execute our business strategy and to manage our business. The loss of key personnel, or their failure to work effectively, could have a material adverse effect on our business, financial condition, and results of operations. If we are unable to obtain sufficient financing in the near term or achieve profitability, then we would, in all likelihood, experience severe liquidity problems and may have to curtail our operations. If we curtail our operations, we may be placed into bankruptcy or undergo liquidation, the result of which will adversely affect the value of our common shares.

We lack an operating history and have losses which we expect to continue into the future. As a result, we may have to suspend or cease activities.

We were incorporated in September 6, 2005 and we have not commenced our proposed business activities or realized any revenues. We have no operating history upon which an evaluation of our future success or failure can be made. Our net loss was $1888,357 from inception to May 31, 2013.


Edited at 2013-08-04 08:10 pm (UTC)

Fascinating reading -- thanks! I am slightly boggled at the notion of an eight-year-old company that apparently hasn't actually *done* anything yet. But it certainly sounds like an exceptionally bad investment opportunity...

There was a company, I forget which, whose 10-Q I read in 1999 that basically said "the sole asset we have is being listed on NYNEX - buy us and get our symbol and go public at once".

Takes all kinds.

That bears a disturbing resemblance to some job descriptions I read when I was job hunting. The skills requested were basically a list of all of the technologies that are currently in vogue, and the description of the position, translated from technobabble, basically amounted to "the candidate will do software stuff."

I was never quite desperate enough to apply and find out whether the companies didn't know what they were doing, or if it was just that no one could be bothered to tell the HR department what they were actually looking for. Either way, not a good sign.

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