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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1097430	International Monetary Systems Ltd	ITNM	Services-Business Services, Nec (7389)	391924096

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1337851	Praetorian Capital Management Llc	1000 South Pointe Drive Suite 1508 Miami Beach FL 33139		No	No	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, Par Value $0.0001	Disposition	2010-07-29	60,000	$1.16	1,356,901	No	4	S	Indirect	See Footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See Footnotes

Footnotes

This Form 4 is being filed by Praetorian Capital Management LLC, a Delaware Limited Liability Company (the "Management Company") which serves as investment manager or advisor to Praetorian Offshore Ltd. (the "Fund") with respect to the shares identified in this filing. The Management Company makes the investment and voting decisions on behalf of the Fund but owns no direct investments in the securities of the Issuer. The Fund directly owns the shares of the Common Stock of the Issuer but does not make any decisions as to voting or buying or selling shares of the Issuer.Praetorian Offshore Ltd. owns 1,356,901 shares, after the sale of 60,000 shares on July 29, 2010.
Note that since our last Form 4 filing related to this issuer, the issuer implemented a 1 for 6 reverse stock split (on August 7,2009). Our last Form 4 filing indicated a Common Stock, par value $0.0001, holding in the issuer of 8,501,407 shares. After the 1 for 6 reverse split, our holding in the issuer's Common Stock was 1,416,901 shares.