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IMRSQ SEC Suspension "because of questions regarding the adequacy and accuracy of information about the company".
https://www.sec.gov/litigation/suspensions/2018/34-84824.pdf
Order:
https://www.sec.gov/litigation/suspensions/2018/34-84824-o.pdf
Some buying volume here during the last weeks...
Super thin, could do a 10 bagger in an hour :)
good posibility it may go too...heve a little bit free Friday,im considering getting some
What do you think?
ok,good idea
I think it will do a little run in time and that's when I jump out. Other than that hard to tell.
whats your thoughts on this?
I hope so....bun what catalyst?
So with insiders still holding 1/3 of the float I am assuming this is gona go up considerably. IMO
so...will it remain public afterall?
DJ Deerfield Scoops Up IMRIS from Bankruptcy -- Market Talk
Aug 14, 2015 12:27:00 (ET)
12:27 EDT - A Delaware judge this week cleared health care-focused investment firm Deerfield Management to buy IMRIS's (IMRSQ) medical-imaging business out of bankruptcy. In exchange for the assets, Deerfield will forgive $9.5M of the debt it's owed by IMRIS rather than pay cash. Deerfield's offer was slated to be put to the test at an auction last month, but no rival bidders stepped forward. IMRIS makes medical imaging systems used in neurosurgery and spinal surgery, including a surgical robot system. It filed for chapter 11 in May. (jacqueline.palank@wsj.com; @PalankJ)
(END) Dow Jones Newswires
August 14, 2015 12:27 ET (16:27 GMT)
Bad IMRIS and Neuroarm operating reports of June 2015: see http://www.kccllc.net/imris/document/list/4051
Other NASDAQ delist sample is YUII was Delisted from NASDAQ on 07/21/11, got 25-NSE at Dec 16, 2011, YUII still trade as pink sheet.no problem for trading at all.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8293479
http://www.otcmarkets.com/stock/YUII/profile
I figured the form 25 was only for the NASDAQ delist, looks like there is still interest in this one.
25-NSE may NOT problem at all , NYSE exchange stock SFG filed 25-NSE at May 13, 2015, SFG closed at $113 up 47% today.
http://www.otcmarkets.com/stock/SFG/filings
you actually may be right
if you look under all the securities that filed 25-nse this year you'll see that some of them still trading and some were cancelled , retired shares or went private
considering that there were no other bidders since there was no auction held July , 21 (checked court cases schedule that day there was no imris) meaning there was only i bidder (obviously stalking horse bid deerfield) everything is in their hands
i was hoping there would be more bids other than deerfield and in that case pps would go up , this way i dont know
imo
gl
mod
imris has been trading on otc pink for a while already
here is definition of 25-nse form that was filed yesterday
" Notification filed by national security exchange to report the removal from listing and registration of matured, redeemed or retired securities "
and here is form 25
" Notification filed by issuer to voluntarily withdraw a class of securities from listing and registration on a national securities exchange "
it appears that yesterday filing means removal from all exchanges (matured , redeemed , retired) filed by nse
it appears that imrsq will stop trading soon , most likely retired
in my opinion
gl
mod
But imris will still traded on otc pink market.
it appears that there was no other bids other than stalking horse bid by deerfield so imrs is getting removed and diregistered from exchange , form 25-nse filed yesterday
imo
gl
mod
Today Imris was bought by Deerfield.
http://www.kccllc.net/IMRIS
they were already moved from nasdaq and been trading on otc for a while
gl
mod
It says they are de-registering from NASDAQ, it should continue to trade on the OTC, correct?
notification of removal from listing filed - 25-nse
i guess its bye bye
imo
gl
mod
well of course , otherwise wouldn't be bk and dropped to 1 cent from dollars range
imo
gl
mod
Wrong!!!!!! This is a pos...
Smoke and Mirrors
Ouch! Sure am glad I didn't buy back into this. Looks like she took a major dump today...
bid deadline was today and considering pps increase and increased volume there could be some good news
the auction if necessary (if there's more than 1 bid if im not mistaken) will be held July,21 , 10:00 am eastern
and the sale hearing will be held July, 24 , 10:00 am eastern
any objection to the sale is to be received no later than July,23, 4.00 pm eastern
these are some important dates to look forward to next week
i wish gl to everyone
mod
There's no way to predict the Bottom of a stock exactly, that would be the same as knowing the future & nobody can do that EXACTLY on a stock either. That's why Investors Average Down, on a stock that is a High Risk play like a BK play that was delisted from the NASDAQ.
BUT, This stock is BOUNCING after finding the bottom, and that is the Main Thing. Anyone who bought some at .04-.05 and has any Street Smarts about them, as well as experience playing High Risk BK stocks, would NOT Buy their WHOLE position at .04-.05 to begin with!
I have played BK stocks for Dead Cat Bounces for over a Decade, and you never know where the bottom is going to be until it turns. You start buying small blocks where you think the bottom is & if it continues to move down, then you wait & watch for the actual bottom & AVERAGE DOWN Your position as you go.
This way any stock purchased for example at .04-.05 would be brought down in your average PURCHASE Price by a HUGE amount if you bought say 2-3 times as much stock at say .005-.006 which would make your average somewhere in the .01's & you would still be able to make a profit on your position.
Bottom-Line, if someone does NOT know how to play HIGH RISK BK stocks like this, then you're best off staying away from them until you know how to play them with minimal risk.
No offense, but you called this play on 5/31 as a bounce play initially, when it was around 4 or 4.5 cents, so anyone who followed you is down alot of $$$
$IMRSQ Chart - Very sweet follow through today - congrats to everyone that caught last nights charts & TA - another winner for our friends!! -
the 1st chart is an image of when the chart was made last night - the 2nd chart is embedded & the annotations from last night have not been changed - will post an updated chart on the site later today -
nice, looks like we may have some good news here after all
Just read through the "Bidding Procedures Order" and there are a couple of important dates listed.
July 17, 2015 @ 5pm est is the bid deadline before the auction. This is very important because If no additional bid is made then the "stalking horse bidder" would get the assets and no auction would be needed. (Deerfield would get it and that would be bad for stockholders)
July 21, 2015 @ 10am est is the auction if one or more qualified bids were made and approved. (This is how the stockholders will have a chance)
On Wednesday and Thursday I saw "someone" accumulating shares before these 2 deadlines are to occur. If that continues today then things will really get interesting. That would mean that "someone" sees this going to auction and that the company still has some value for shareholders. This is all my opinion. Good fortune to all.
"Our prime purpose in this life is to help others. And if you can't help them, at least don't hurt them."
None of IMRIS’s other operating subsidiaries outside of the United States and Canada is subject to the Chapter 11 proceedings, and they will continue to operate in the ordinary course of their businesses.
this is from their website :
http://www.imris.com/news-articles/imris-inc-and-two-subsidiaries-file-for-chapter-11-protection
lets see what happens next week once bidding procedure starts
gl
mod
meeting of creditors was yesterday so it appears somebody is loading up for start of bidding procedure Friday next week
in my opinion
gl
mod
tomorrow ?
what are you talking about , please explain
bidding procedure starts next week (friday)
whats up with you ?
gl
mod
That means this thing is worthless tomorrow
yes..
Darrell,
There will be an auction for the company in July. Companies will be able to bid on all of IMRIS (core surgical suite business plus the robotics business) or on the core surgical business or robotics business individually.
I hope that helps.
and this:
IMRIS would be part of a private company at that point. If there is cash over and above the cash to pay off the debt and unsecured creditors, the shareholders will get some of their cash back.
I didn't say anything because its basically what was said here
Buc - did you hear back from anyone?
next week bidding procedure starts
not the whole company is in ch 11 so there still should be value for shareholders
i guess best is to wait and see what happens
imo
gl
mod
lots of volume coming in and bid is holding strong with all the selling, could turn around here
tomorrow 10.00 AM est is meeting of creditors and next week bidding procedure starts
lets see what happens
gl
mod
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Patients: The patient does not need to be moved for imaging during the course of a surgical or interventional procedure with IMRIS systems. This saves time and avoids potential safety risks associated with moving the patient.
Clinicians: IMRIS systems are designed to enhance the workflow of the clinical team. High resolution imaging information is available rapidly and presented in a manner designed to enhance clinician efficiency and effectiveness. In addition, since the patient is not moved for imaging, the patient can be maintained in the optimal position and clinicians are afforded unrestricted access to the patient.
Hospitals: The IMRIS suite design permits greater utilization of the MR equipment by allowing the MR scanner to be shared by one or more clinical suites and an adjacent diagnostic room.
Our mission is to provide image guided therapy solutions that enhance the quality of clinical procedures and improve outcomes for patients. Through our ongoing investment in research and development we are committed to broadening our product portfolio with solutions to address additional medical applications.
Brad Woods
Phone: 204.480.7094
Email: bwoods@imris.com
http://www.imris.com/
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