this is expertise we have in the Chairman trying to sue...

this is expertise we have in the Chairman trying to sue shareholders for his lack of due diligence & basic incompetence, after all is is trying to sue to gain more shares because he clearly did not complete his due diligence properly.

from IMTE Annual 2020 Form 6K for which Mr Con Unerkov is also Chairman/CEO, instill's confidence, NOT! Seems to suggest limited operational expertise imho...

Risks Related to Our Business

* We have a history of operating losses and may not achieve profitability in the future
* We have a limited operating history, and it may be difficultfor potential investors to evaluate our business
* We have a limited operating history, and it may be difficult for potential investors to evaluate our business
* We may incur significant delays and/or expenses relating to the COVID-19 (coronavirus) outbreak in China and Hong Kong
* We will require additional financing in the future to sufficiently fund our operations, certain research and development activities
* We have limited cash resources and if we cannot raise additional funds or generate more revenues, we will not be able to pay our vendors and will probably not be able to continue as a going concern
* Our limited operating history and rapidly evolving business makes it difficult for us to accurately forecast revenues and expenses
* The development of our business is dependent upon the completion and integration of acquisitions and other transactions that have only recently closed or incurred in the future
* We face significant competition and may suffer from a loss of customers as a result
* Our research and development efforts will be seriously jeopardized if we are unable to attract and retain key personnel and cultivate key academic and scientific collaborations
* We may need to rely on the marketing and distribution capabilities of third parties for our picture frame business
* Exchange rate fluctuations will continue to affect our reported results of operations
* We have limited manufacturing experience with our production candidates. Delays in manufacturing sufficient quantities of products may negatively impact our business and operations
* To the extent we rely significantly on contractors, we will be exposed to risks related to the business conditions of our contractors
* To the extent we are able to enter into collaborative arrangements or strategic alliances, we will be exposed to risks related to those collaborations and alliances
* We may face intellectual property infringement claims and other related claims that could be time-consuming and costly to defend and may result in our inability to continue providing certain of our existing services
* If we fail to maintain an effective system of internal control over financial reporting, we may not be able to accurately report our financial results or prevent fraud
* If we fail to attract customers for our 3D products or services, our growth prospects could be seriously harmed
* Because we primarily rely on distributors in distributing 3D display technology and systems, our failure to retain key distributors or attract additional distributors could materially and adversely affect our business
* The recent global economic and financial market crisis due to Covid 19 has had and may continue to have a negative effect on our business and results of operations
* Capital markets are currently experiencing a period of dislocation and instability, which has had and could continue to have a negative impact on the availability and cost of capital
* The success of our business depends on the continuing contributions of key personnel who may terminate their employment with us at any time, and we will need to hire additional qualified personnel
* Our success depends on the continuing efforts of our senior management team and other key personnel and our business may be harmed if we lose their services
* We rely on highly skilled personnel and if we are unable to retain or motivate key personnel or hire qualified personnel, we may not be able to grow effectively
* We have no business insurance coverage
* Our Company may experience, and continues to experience, rapid growth in operations, which may place, and may continue to place, significant demands on its management, operational and financial infrastructure
* Our Company's business faces inherent risk in the electronics and digital media industries for 3D products and services
* Our Company's business faces competition from local and foreign competitors
* Public company compliance may make it more difficult for us to attract and retain officers and directors
* If we infringe the intellectual property rights of third parties, it may increase our costs or prevent us from the commercialization our product candidates.
* Future sales of our products may suffer if they are not accepted in the marketplace by consumers and customers
* We may be exposed to product liability claims which could harm our business.
* Changes in government legislation and policy may adversely affect us
* Currency fluctuations may expose us to increased costs and revenue decreases
* Australian takeovers laws may discourage takeover offers being made for us or may discourage the acquisition of large numbers of our shares
* Rights as a holder of ordinary shares are governed by Australian law and our Constitution and differ from the rights of shareholders under U.S. law. Holders of our ordinary shares may have difficulty in effecting service of process in the United States or enforcing judgments obtained in the United States
* Our operations may be materially and adverselyaffected by changes in the economic, political and social conditions of China
* Uncertainties in the interpretation and enforcement of Chinese laws, rules and regulations could limit the legal protections available to you and us.
* We may rely on dividends and other distributions on equity paid by our operating subsidiary to fund cash and financing requirements, and limitations on the ability of our operating subsidiaries to pay dividends to us could materially restrict our ability to conduct our business.
* Restrictions on currency exchange may limit our ability to effectively utilize our revenues as well as the ability of our China subsidiaries to obtain debt or equity financing from financial institutions or investors outside China, including us.
* The Chinese government may alter its regulations and policies from time to time which may have direct or indirect impact to our Company operation.
* Potential technological changes in our field of business create considerable uncertainty
* If we are unable to keep pace with technological change or with the advances of our competitors our technology and products may become non-competitive
* Our success depends upon our ability to protect our intellectual property and our proprietary technology
* Our success depends upon our ability to protect our intellectual property and our proprietary technology (continued)
* If we are not able to protect and control unpatented trade secrets, know-how and other technological innovation, we may suffer competitive harm
* We do not have patent protection in certain countries and we may not be able to effectively enforce our intellectual property rights in certain countries, which could significantly erode the market for our product candidates
* Our stock price may be volatile
* Our ordinary shares may be considered a "penny stock" under SEC regulations which could adversely affect the willingness of investors to hold our Shares
* We may be deemed a passive foreign investment company (PFIC) which would subject our U.S. investors to adverse tax rules
* As a foreign private issuer whose shares are listed on the NASDAQ Capital Market, we may follow certain home country corporate governance practices in lieu of instead of certain NASDAQ requirements
* Future issuances and sales of our stock could dilute your ownership and may cause our stock price to decline
* If we fail to comply with internal controlsevaluations and attestation requirements our stock price could be adversely affected
* Our Constitution and other Australian laws and regulations applicable to us may adversely affect our ability to take actions that could be deemed beneficial to our shareholders
* We have never paid a dividend and we do not intend to pay dividends in the foreseeable future which means that holders of shares may not receive any return on their investment from dividends
* We may not be able to attract the attention of major brokerage firms