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Imaging Diagnostic Systems (fka IMDS)

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Last Post: 8/17/2018 1:19:55 PM - Followers: 245 - Board type: Free - Posts Today: 0


Information on IMDS's distributor to four European countries

CTLM Distributors

Austria -
Lebada USA
Tel: +954-594-2409

Republic of Moldova -
Lebada USA
Tel: +954-594-2409

Romania - Lebada USA
Tel: +

Ukraine - Lebada USA
Tel: +

Hungarian International Tabernacle Center

Mailing Address: 1581 NW 132nd Ave
Pembroke Pines, FL 33028-
Street Address: 12401 Stirling Rd
Cooper City, FL 33330-

(954) 594-2409
Pastor: Rev. Ovidiu T. Lebada

Ovidiu T. Lebada
1581 MW 132 Ave
Pembroke Pines, Florida 33028
United States

Registered through:, LLC (
Created on: 25-Aug-10
Expires on: 25-Aug-12
Last Updated on: 22-Aug-11

Administrative Contact:
Lebada, Ovidiu T.
1581 MW 132 Ave
Pembroke Pines, Florida 33028
United States
(954) 594-2409

Technical Contact:
Lebada, Ovidiu T.
1581 MW 132 Ave
Pembroke Pines, Florida 33028
United States
(954) 594-2409

1581 NW 132ND AVE

Location Type: Single Location

Industry: Food Preparations, N.E.C.

Ownership: Private

Year Founded: 2003

Sales Range: Under $500,000

Employees: 1 to 5

LEBADA USA INC is in the Food Preparations, N.E.C. industry in PEMBROKE PINES, FL. This company currently has approximately 1 to 5 employees and annual sales of Under $500,000.

SEC Charges Imaging Diagnostic Systems, CEO, and CFO With Fraud


Litigation Release No. 22801 / September 18, 2013

Accounting and Auditing Enforcement Release No. 3486 / September 18, 2013
Securities and Exchange Commission v. Imaging Diagnostic Systems, Inc., Linda Grable, and Allan Schwartz, Civil Action No. 0:13-cv-62025 (S.D. FL.) (September 13, 2013)

SEC Charges Imaging Diagnostic Systems, CEO, and CFO With Fraud

The Securities and Exchange Commission today charged Florida-based medical technology company Imaging Diagnostic Systems and two top executives for making material misstatements and omissions in public filings about the timing of its Food and Drug Administration (FDA) application and its failure to remit payroll taxes to the Internal Revenue Service (IRS).

According to the SEC's complaint filed in U.S. District Court for the Southern District of Florida, Imaging Diagnostic Systems is engaged in the development and testing of a breast imaging system called CTLM® that purportedly uses a laser to detect breast cancer. The company has failed to obtain FDA approval to market and sell the CTLM® in the United States. From October 2008 to December 2009, Imaging Diagnostic Systems repeatedly disclosed in filings and letters to shareholders that it expected to file by specific deadlines a premarket approval application with the FDA to obtain permission to market and sell the CTLM®. The company failed to meet its projected deadlines. In fact, CEO Linda Grable and CFO Allan Schwartz knew there was no basis for the projections because Imaging Diagnostic Systems did not have enough cancer cases to finish its clinical trials and could not pay for the clinical sites.

The SEC further alleges that beginning in early 2010, Imaging Diagnostic Systems stopped remitting payroll taxes to the IRS for its employees. The company's failure to pay payroll taxes constituted a known commitment, event, or uncertainty of the type that should have been disclosed in the Management's Discussion and Analysis sections of the company's periodic filings, which were signed by Grable and Schwartz. However, the company did not publicly disclose that it failed to remit payroll taxes until more than 16 months later, and even then still failed to disclose the risks associated with its failure to pay payroll taxes.

The SEC's complaint also alleges that Grable and Schwartz failed to file beneficial ownership reports in 2009, 2010, and 2011 despite having received stock or options.

The SEC's complaint charges Imaging Diagnostic Systems, Grable, and Schwartz with violating Section 17(a)(2) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5(b). The complaint alleges that Imaging Diagnostic Systems violated Sections 13(a), 13(b)(2)(A), and 13(b)(2)(B) of the Exchange Act and Rules 12b-20, 13a-1, and 13a-13. The complaint alleges that Imaging Diagnostic Systems and Grable violated Section 14(a) of the Exchange Act and Rule 14a-9; Grable and Schwartz violated Section 16(a) of the Exchange Act and Rules 13a-14, 13b2-1, and 16a-3; and Grable and Schwartz aided and abetted the company's violations of Sections 10(b), 13(a), 13(b)(2)(A), and 13(b)(2)(B) of the Exchange Act and Rules 10b-5(b), 12b-20, 13a-1 and 13a-13. The SEC seeks financial penalties and permanent injunctions. The SEC also seeks penny stock bars and officer-and-director bars against Grable and Schwartz.

The SEC's investigation was conducted by Jenny A. Trotman and Kathleen Strandell and supervised by Thierry Olivier Desmet in the Miami Regional Office. The SEC's litigation will be led by Robert Levenson.

SEC Complaint

Item 8.01. Other Events. 8-K Summary

On September 19, 2013, Imaging Diagnostic Systems, Inc. ("IDSI") was served with a Complaint filed by the U.S. Securities and Exchange Commission (the "SEC") in the U.S. District Court for the Southern District of Florida against IDSI, IDSI's chief executive officer Linda Grable and IDSI's chief financial officer Allan Schwartz. The Complaint alleges that the Company and the individual defendants made material misstatements and omissions in public filings in 2008 and 2009 regarding the timing of its application for FDA marketing approval and in 2010 regarding IDSI's failure to remit payroll taxes to the Internal Revenue Service. Finally, the SEC Complaint alleges that Grable and Schwartz failed to timely file beneficial ownership reports in 2009, 2010 and 2011 regarding grants to them of restricted stock and stock options.

The Complaint charges IDSI, Ms. Grable and Mr. Schwartz with violating Section 17(a)2 of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5(b) under the Exchange Act. The Complaint also alleges violations of various other provisions of the Exchange Act and rules thereunder. The SEC seeks permanent injunctions against securities law violations, as well as penny stock bars and officer and director bars against Ms. Grable and Mr. Schwartz. The Complaint also seeks unspecified civil financial penalties.

IDSI and the individual defendants are in the process of analyzing the Complaint and their defenses.


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report to be signed on its behalf by the undersigned hereunto duly authorized.

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#39117   What's up with this sham? Seen they did slingwing1 08/17/18 01:19:54 PM
#39116   Cool - $38 to go from 1MM shares GrundleHunter 08/16/18 10:19:53 AM
#39115   April 23, 2018, 12:38 AM CDT ronrooster 08/13/18 02:37:03 PM
#39114   The fact my share count changed leads me ronrooster 08/11/18 08:32:21 PM
#39113 ronrooster 08/11/18 11:16:51 AM
#39112   Received mine today.At least it wont look so ronrooster 08/10/18 04:03:23 PM
#39111   I doubt it. WarrenTSI 08/01/18 11:42:20 AM
#39110   Wonder if we'll be trading again soon. ;-) GrundleHunter 08/01/18 11:38:25 AM
#39109   Yes, I received an email from E*Trade and Ameritrade. WarrenTSI 08/01/18 11:34:50 AM
#39108   Anybody else get this (I received today): GrundleHunter 08/01/18 11:17:13 AM
#39107   Addley Ponder and Hummer stockmasterflash 08/01/17 10:03:24 AM
#39106   Same here.keep hoping for some reason.Their website seems ronrooster 03/29/17 11:49:10 AM
#39105   Yes. Can't get rid of them. LOL RCooper48 03/29/17 11:42:42 AM
#39104   Do u still have shares in IMDS? ronrooster 03/14/17 04:31:09 PM
#39103   I worked in healthcare for 45 years. In RCooper48 03/14/17 04:22:03 PM
#39102   Is that skank in jail yet? RCooper48 03/14/17 04:17:59 PM
#39101   She has now filed for a stay of janvonscanner 01/10/17 12:48:19 PM
#39100   That doesn't surprise me stockmasterflash 01/10/17 12:35:20 PM
#39099   Thanks. ronrooster 01/10/17 12:33:21 PM
#39098   IMDS is now countersuing Grable and claiming she janvonscanner 01/10/17 12:33:04 PM
#39097   The SEC may revoke the registration of stocks. stockmasterflash 01/10/17 12:30:10 PM
#39096   There is nothing to start up as the stockmasterflash 01/10/17 12:22:38 PM
#39095   I understand,it just that the shares are still ronrooster 01/10/17 12:14:27 PM
#39094   Ronjon, the stock was delisted years ago and janvonscanner 01/10/17 11:52:32 AM
#39093   Of course not stockmasterflash 01/02/17 12:19:45 PM
#39092   Address 1291-B NW 65th Place ronrooster 01/02/17 11:55:07 AM
#39091   Thanks.Question; do you or did you hold any ronrooster 01/02/17 11:05:28 AM
#39090   IMDS stock was revoked stockmasterflash 01/02/17 06:09:51 AM
#39089   Check the website,I am not sure.take at look ronrooster 01/01/17 06:48:42 PM
#39088   What's the company telephone number? stockmasterflash 01/01/17 06:19:08 PM
#39087   Just checked out the old IMDS website and ronrooster 01/01/17 06:12:05 PM
#39086   Just read the posts since my last logon LongnShortOfIt 12/14/16 11:03:46 PM
#39085   both dismissed/settled janvonscanner 11/28/16 09:53:14 AM
#39084   IMDS filed a counterclaim 11/9/2016 janvonscanner 11/28/16 09:52:37 AM
#39083   Steven Ponder and Brian Hummer sued them too stockmasterflash 09/17/16 11:24:47 AM
#39082   Deb obrien is suing IMDS in Colorado stockmasterflash 09/17/16 11:17:09 AM
#39081   Linda Grable is suing IMDS stockmasterflash 09/17/16 11:11:18 AM
#39080   of course. He lives near IMDS and was janvonscanner 09/25/15 11:25:35 AM
#39079   Doc had to pay $10.00. I remember Deighton 09/20/15 03:11:16 PM
#39078   I had 8 million shares here a couple Fedmax123 08/24/15 10:35:57 PM
#39077   ROFLMAO - really? Smilin_B 08/19/15 06:01:04 PM
#39076   Oh my gosh! Was puttsing around and decided jeffryer1 07/30/15 09:04:36 AM
#39075   I still laugh at that phone interview between janvonscanner 07/20/15 02:55:51 PM
#39074   Imaging and I reached an agreement. Wake Deighton 07/18/15 03:57:04 AM
#39073   If I recall correctly, he admitted to losing janvonscanner 07/13/15 02:08:46 PM
#39072   Agreed. It is not as if the SEC janvonscanner 07/09/15 01:01:14 AM
#39071   I am thoroughly convinced the SEC only cares janvonscanner 07/09/15 12:48:03 AM
#39070   Well, talk about a blast from the past! janvonscanner 07/09/15 12:31:38 AM
#39069   I'm very disappointed she didn't go to jail. Matrix999 06/30/15 08:15:35 AM
#39068   Whatever happened to Debbo and Little Ricky? stockmasterflash 06/30/15 07:22:20 AM