Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I never said that Mike Nessen mentioned MWE by name. He said "our consultant and legal team is doing just fine!" LOL
No Inside information. Just sources who know the company well like me. You could gain the same information if you called the company and talked with Mike Nessen.
The story I am hearing is that MWE has asked Imaging3 to remove its name from mention as they have been inundated by calls and emails from people (investors or market players) looking for information.
That sounds like a logical request to me as investors should realize it's not the law firm's position to answer investor questions if the investors choose not to believe their client's (Imaging3's) statements announcing MWE as their law firm. IMO.
I'm good with that.
I just heard from Mike Nessen of Imaging3, and he says "our consultants and legal teams are doing just fine." The rumor mill on this board is just that: a rumor mill!!
I choose to believe Mike over anyone posting on this board. IMO.
Thank you Tig! Stay close to Imaging3. Your insights are really appreciated by ALMOST all on the board. :) If you've been around this long, you deserve a happy ending. Best of luck my friend!
If you have a concern, call the company and ask like I did!
Thank you Adrian for your "unbiased opinion" and interpretation relating to the inner workings of everything related to Imaging3. :)
Take the lead. Call the company and suggest that for all of us! Please report back on your findings! LOL
Thanks for your opinion! LOL. Why don't you pick up the phone and call the company like I did to get an answer? As I said, directly from the company, no known liens are in effect at this time!! Period.
There was no money taken from people when the fire occured. The reason for the lawsuits and liens was because equipment owned by people was in the warehouse being refurbed for them when the fire happened! Guess what? They wanted to be reimbursed for their machines like any of us would: period!! I'm sure the insurance companies needed to do their investigation (which could have taken awhile) before paying off the claim. But, like Dr. Polk says: they did pay off the claim after the investigation.
Dr. Polk is right in the sense no insurance company is going to just hand over a bunch of money without an ivestigation. Trust me: I worked for an insurance company, and they do everything they can to NOT pay the claim if possible! :)
With the share price bouncing back a bit, it seems the naysayers are out in force the last day or two! LOL! Conspiracy theories everywhere. :)
Anyway, I did some D & D by calling Imaging3 to find out the story on the infamous "Liens" against the company. The company's response is this:
The company is looking into the matter of the liens being in the latest 10-K report. If there is in fact a lien, it was done illegally or at least without notification to Imaging3. The lawsuit HAS LONG BEEN SETTLED, so it is in-material anyway and isn't actionable if it does exist.
I was thanked for bringing it to their attention. Hope this helps settle the longs down as we know it won't settle the naysayers right? LOL!
C'mon Mugs: Don't you remember when all the talk on this board was about the FDA being at Imaging3, and the speculation was they were looking at the Dominion in advance of approval. Well, it turned out to be a mandatory audit they are responsible for doing with any companies involved with Imaging equipment.
Thanks Gymbob for the assist! :)
Again, I don't really care if there IS a lien on the patent (if there is one). It's not going to matter in the big picture after FDA approval. Where your proof there IS a lien?
I think you are "reporting" what you want to report. They mention they did their taxes in 2000 as S-Corp. and in 2001 changed to a C-Corp.
What are you talking about? We just had an audit this last year when the FDA sent a team to Imaging3 for several days.
On MTV this morning, he said ALL the officers in the company are looking to buy more shares. I don't know if he has purchased any shares at this point, but I would suspect some activity by the officers in yesterday's runup.
Regarding MWE: they are still on board. Their role is to oversee the work the technical consultants are doing in the repackaging of the FDA submission package. Both the attorneys and the consultants are specialists in FDA submissions. Look up Dr. Cohen's biography online. He is overseeing the entire Imaging3 resubmittal effort. He worked for the FDA for 17 years, and is based in Washington D.C. MWE recruited the technical consultants who are working daily with Imaging3. For obvious cost reasons, MWE is not doing the day to day designing of the new submission package. Their job is to review the ongoing work the technical writers are doing and "tweak" as needed.
LOL! I would suggest you check with your broker to confirm your "opinion."
You don't seem to GET what I'm saying. If Dean buys 1 new share, he ties up ALL of his shares for the next 6 months (60 million shares!!). That's the law!
You don't see anything positive regarding Dean and his officers tying up their shares for 6 months on any repurchase of stocks? How can they "scam" anyone when they can't sell their shares for the next 6 months? I see this as a MAJOR vote of confidence for where the officers see the company heading in the near future.
Just remember: it's not how many shares the insiders buy that's important here. It is the faith they are placing in the future of Imaging3. Once they buy ANY shares off the open market, they CANNOT sell ANY shares they hold for at least 6 months!! (Yesterday my broker told me they had to hold one year, but today he corrected himself by saying they have to hold ALL shares a minimum of 6 months).
Yahoo's Financial page is listing Imaging3 as a Bullish stock today. Check it out!
I can fill you in on what I know from talks with Mike Nessen and attending the Shareholders meeting in January.
Regarding the progress of the DVIS: I know the company has not sat on their hands these last 5 years while trying to get FDA approval. They continue to upgrade the software and capabilities of the DVIS on a day to day basis. People get caught up with "is there a working unit?" Of course there is a working unit (units), but realize, the unit is in pieces most of the time while components of the unit are constantly being upgraded and tested. Think of it like an auto assembly plant. You have specialists working on the transmittion, engine, body, frame, etc.. in different parts of the plant (sometimes in different plants). Does the car work? Of course it does, but it has to be assembled first. The DVIS is much the same, and it doesn't make sense to assemble and disassemble the DVIS everyday to work on specific components of the machine. It makes sense to have your specialists work on their components individually.
Regarding the Patent: This makes me laugh that people are saying Dean does not own the patent. Could there be a lien on the patent. If there is, this is no big deal. Like a home you own, you have to pay any liens against your home if you should want to sell it, but all you have to pay is what you owe someone who placed the lien on your home. It doesn't mean they own your property!! If Dean should sell the patent some day for a Billion dollars, I think he will have plenty of money to pay off any liens against the patent!! Just my opinion of course.
Regarding the Class III vs. 510K: MWE has come to the same conclusion as Dean that the Dominion is a 510K play. Dean just needs help in how he presents his application to the FDA. That's where MWE and the technical consultants come in. It is my belief he was not up to date on the format the FDA wants devices presented to them in. I think the FDA is short handed, and they were not going to do Dean's work for him, so they kicked it back. It is Dean's responsibilty to provide the submission in a format the FDA wants, and I think he did not do that in the other go rounds. MWE will fix that!
Those are my opinions on your questions. Hope this helps you.
Trust me: Mike Nessen is bright enough to see through any major lies over the 5 years I have been in the stock. Remember: he is in the office with Dean day in and day out, and he has excellent business sense. You may not know this, but he was President of two different companies he worked for!
Another thing: I know the Dominion really exists because Mike and I watched Dean Janes literally "turning wrenches" inside the machine, and he wasn't wearing a suit and tie. He was wearing work clothes. I was impressed, and in my opinion, Dean is not the "sit behind a desk shyster" many of you on this board portray him to be. He is totally involved with the Dominion's development along with some other highly impressive engineers.
LOL! I like your sense of humor! I totally believe Mike Nessen. I have known him since way back when he was in the real estate business, and he has ALWAYS been a straight shooter and GREAT guy! He used to go out of his way to help me with his firm. A rare find: an honorable man! As long as Mike Nessen is with Imaging3, I'm with Imaging3!
About 2 weeks ago when I spoke with Mike Nessen.
That is correct. I'm good with that!! :)
And you have a direct line to the inside workings of the company right?
Imaging3 is still sitting on 380 million shares.
Dean has had the ability for years to sell up to 500 million shares and yet he has not done it.
The buyback shares they purchase they have to hold for a minimum of a year. Sounds positive to me.
I don't know where the money is coming from nor will I speculate like you do. As long as Imaging3 is not adding to the outstanding shares, that is still positive to me. FYI: MWE and the consulting firm is still on board.
You would not invest your money in this company knowing you would have to hold it for a year minimum without knowing something positive? No trickery, just confidence in my opinion.
Where is everyone getting this Mid March date from? I was at the shareholders meeting, and the ESTIMATE Dean gave was "the end of February or March." Nothing about "Mid March!!"
Maybe Dean and the staff are buying back with personal funds? If that is the case, that makes me feel even better about the company's future!
FYI: Just talked with my Broker, and he says when a company buys back their own stock, they cannot sell ANY SHARES they hold for a YEAR! I would say that is a STRONG VOTE OF CONFIDENCE from Dean and Imaging3!!!
Dean sent me an email the other day apologizing for "unfriending" over 1,300 people from his Facebook page (myself included). He said he needed to separate his business life from his personal life, and that he hoped I would understand.
I can totally understand his position, and I think closing the Facebook site to investors was the right action for him to take. FYI: he definitely was not trying to hide from me as he suggested I contact him at the office if I needed to discuss anything business related.
Hope this helps remove any thoughts of "shady" behavior on Dean's part. Like I said, he's not hiding from me. I believe any of you investors could contact him as well if you really made an effort!!
Because I believe the company will be successful in the end!!! You don't, so move on. Dean helped you pay off your mortgage, so be happy, call it a win, and move on. But we all know the truth, you still believe the company will be successful too. Don't be greedy. Just buy the shares at $.16!!! It's a good price. LOL
But the Attorney's aren't! :)
From the Shareholders meeting, Dean's estimate is that the Imaging3 resubmittal will happen by the end of February or March. Again, I would caution this is Dean's best estimate at this point. If that happens, Dean expressed confidence we could hear from the FDA by June of this year. Obviously, he is confident the FDA will give an SE this time around.
KingKong: We love you here! You are one of the only people I look forward to hearing from on this board. The other I like to hear from is Dr. Polk. Like me, I know you guys have regular conversations with people at Imaging3, so I know your insight is truly valuable!
Your technical view on the Dominion's capabilities is very comforting to me and I'm sure to many others on this board. Don't feel you have to "abandon" the board if Dean does not resubmit by the end of February (I noticed Shaka has you quiting by February 11th if not resubmitted by then. LOL!!!). You are definitely in the ballpark on a resubmittal date. Dean said "the end of February or March" are target dates for him as well.
Stay with us Baby!!!
Great insight Doc! We really appreciate your input!
You could be right on the timeline. Dean said he is hopeful the resubmission will happen EITHER at the end of February OR the end of March. However you slice it, either sounds close enough to make me happy!
Congratulations on joining the party. IMO, you got a great deal at %.155!
In my opinion, I agree with you. With Dean saying ALL OF THE OEM'S ARE STILL INTERESTED IN IMAGING3, I see an acquisition being the logical action which will occur.