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You guys ever heard of the phrase short-term bearish and long-term bullish? Keep that in mind.
If Dean does not report an AI request on the same day or within a day from when it occurred, he will lose ALL investor confidence and THEN the stock will truly tank. I, personally, would sell immediately and never look at the company again. And I'm sure many people would do the same.
I think Dean understands what it would do to his investor's trust if he were to hide an AI request.
So, you are basing EVERYTHING off the ASSUMPTION we do not get approved. You have no strategy for if we do receive SE clearance. That does not seem like a complete strategy to me. I have one in place for both SE and AI requests. But, I do believe the odds are in favor of SE.
I still see them all.
Yes, but there are still glasses. Stop trying to confuse people.
2.67 a share is a 1 billion buyout. I think a buyout would be more personally, but sano seems to think a buyout would be 500 million or less.
To mr_sano...
http://online.wsj.com/article/SB10001424052748704858304575498140542794942.html?ru=yahoo&mod=yahoo_hs
Read this story and see why Imaging3 could easily get a $1 billion+ buyout. Notice the revenue/profit and the price of the buyout offer.
The stock is up 8.4% today. Not stumbling much.
For once, I do agree with you that this was not a good thing.
Lol well obviously, but if I checked it that way, I would have to be putting in orders to check and then waiting for those to get filled. Doesn't make sense...
How do you tell if trading is halted? Never dealt with that before.
Guru are these 510k approvals or just all responses?
I also noticed on the FDA website that they said the clock starts when the application is received or when they receive payment of all fees.
Now I'm assuming Dean had all the fees paid, but I thought this was interesting info.
How can you compare the DViS to any other product in the market when it is the only product of its kind? 1000 units a year X 500k per unit is obviously a much better estimate. Plus, you must realize that potential for growth is priced into the PPS if you realize the possibility of approval is priced into the PPS.
Sano, let me get it out of the way for you. You think the device is worth a 200-300 million market cap. Yet, you have no evidence or statistics to back this up.
Bust and BJ have shown time and again--through realistic calculations--that the market cap is AT LEAST above 500 million and could be closer to 2 billion.
Hah, well the 40 years you have on me probably don't help us to agree on some things.
I think if no decision is received and every other company gets one within 150 days and the FDA posts a 100% claim, Dean will report this to someone. With a blatant lie by the FDA, Dean would be able to receive support from the same government officials pushing the FDA to make their process more transparent and their reviews quicker.
You don't think a company waiting for approval would complain to some government agency if the FDA reported 100% and theirs did not get approved? Or they would release some sort of PR about it?
150 CALENDAR days. Not business days.
Madtig--it is extremely important to know the time frame. It is a huge part of my trading plan. I don't trade for a living, I cannot be at my computer 24/7.
How do you figure this? It has been 21 weeks and 3 days since the April 9th submission. 21x7=147. 147 + 3 = 150....
Review time and approval time are very different. Our approval time is 3+ years. Our review time since the last submission is now at 150 days, which is the time frame for the FDA's goal to issue a response.
Something to think about...
BSDM was approved at the 150 day mark. March 22-August 18th. If IMGG were to get approval in the same time frame (150 calendar days), it should have happened today. Due to the holiday, it would make sense for it to be announced tomorrow. April 9-Sept 6.
The FDA must report their statistics related to meeting the response goals they set forth to congress. It would make sense for them to prefer responding within 150 days, as opposed to 151, 152, etc. BSDM supplies some evidence to this assumption. Anything over 150 would not allow for a 100% within 150 days reporting.
GLTA
Well, it seems to be a good thing, if anything. If you look at their other stocks, it is all big names. I can't imagine an institution holding an OTCBB stock without some good knowledge or research if they are not already specifically investing in OTCBB stocks.
In what way exactly is that juvenile? It is juvenile to think Dean has forgotten the shareholder when he consistently puts out conference calls and encourages people to contact himself and Mike for any information they need.
I think $5 is a little lofty.
Lol. A range of .03-1.95. Don't put yourself out on a limb there. ;) Enjoyed chatting with you Hawk.
Judging by the way Dean talks about the pain caused to him by visiting these boards, I have no doubt that he will announce the reception of the fax within the day or by morning the next day. I think he has taken the whole process very personally and has been legitimately hurt by the comments of some posters on this board and others. I think you are forgetting the "I told you so" factor.
Then I would say it was Dean's confidence that drove the stock price.
In the long run, it doesn't matter because that was 1 year ago. New situation.
The FDA does care if they are late... 1 submission going past the 150 day guideline would mean the FDA could NOT report 100% within 150 days--something they seem keen on doing considering they did it the past 2 quarters. They have released numerous PRs pertaining to their new stance on clarity and efficiency.
Where do you get the Sept. 8th date from? By my own calculations, the 150 day mark would be Sept. 7th. Are you including holidays? I do not know how many holidays there have been, but I know you have at least labor day and memorial day and independence day--making that at least Sept 10th. Are you including a day for paperwork? Please enlighten me, I do not believe your date is wrong, rather I may be the one who is wrong. Thanks.
I don't know if you can construe the CEO believing the FDA application will be approved as "news". I don't believe any CEO would submit an application believing it would not get approved.
There was actually no news issued from the company or any press releases that caused the spike. The spike was caused by investors believing that the DViS would get FDA approval sooner rather than later.
You should note that right around the time the price dropped down a lot is when the FDA review team for the DViS was booted and a new one was established. According to IMGGorBUST's testimony (no research done by myself), we were actually set to receive approval by the old FDA review team right before they were replaced.
Question...
When are FDA approval announcements typically made? I was assuming its before the open or in after hours. Anyone know? TIA
I think you are underestimating the rigid regulations for insider trading set by the SEC. I don't think there will be a crazy amount of volume before the announcement. At least not a day before. Maybe after hours or 30 minutes before the announcement.
I would probably sell at a 10% loss from the previous close (if I could even get that price), and wait for it to drop about 50% from whatever the PPS close was the previous day. Granted, I am very optimistic that it will get approved before the end of next week so this is all probably null and void.
This of course comes with one caveat--FDA announcements are typically released by the company in a PR either before or after trading hours, correct?
I hope there is a sell off with no news, because that doesn't mean NSE is found or AI is requested. We could still get approval the next week, and I'll sell my shares high and then buy even more in the 20s or 10s.
its 3% NSE, not 97% approval...
Do you guys think this will jump back up?
Great DD.
Alright tig, any TA for the day?
The 150 day timeframe is guidance for the FDA review teams. So, the FDA aims to reach a decision within 150 days. They set up this arbitrary time frame.