IMDS just issued MAJOR dilution - 10 BILLION SHARES !!!!!
Your beloved CEO Linda Grable, just OUT VOTED shareholders and authorized an AS Increase to TEN BILLION SHARES
Read it and weep!
Remember my past warnings about the reasons Grable REMOVED your ability to vote? http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8747408
And I quote: The increase in the number of authorized shares of Common Stock from four billion (4,000,000,000) shares of Common Stock to ten billion (10,000,000,000) shares of Common Stock (the “Authorized Share Increase”); and
On August 2, 2012, the Board approved the Authorized Share Increase and recommended to the Majority Stockholder (Linda Grable)that the Authorized Share Increase be approved.
On August 2, 2012, the Majority Stockholder approved the Authorized share increase by written consent in lieu of a meeting in accordance with Florida law. Accordingly, your consent is not required and is not being solicited in connection with the approval of the Authorized Share Increase.
Can you say OUCH !!????
Here comes more dilution on top of the previous dilution
Ever wonder why IMDS was allowed to pop from .0004 to .0026 then the big SLAP DOWN ?
Many are holding for $8 - $10/share
Now with a 10,000,000,000 share authorization, can you calculate the market cap IMDS would be at?
lolololol and hahaha