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10/11/16 more old news but good
Imaging3, Inc. (OTCQB: "IGNG") Announces Execution of Consulting Service Agreement with Biologics Consulting Group, Inc.
Tuesday 10/11/2016 09:30 AM ET - GlobeNewsWire via Dow Jones News
Imaging3, Inc. (OTCQB: "IGNG") Announces Execution of Consulting Service Agreement with Biologics Consulting Group, Inc. BURBANK, Calif., Oct. 11, 2016 (GLOBE NEWSWIRE) -- Imaging3(TM), Inc. (the "Company") (OTCQB:IGNG) announced today that on September 26, 2016 the Company signed a Consulting Services Agreement (the "Agreement") with Biologics Consulting Group, Inc. of Alexandria, VA ("Biologics"), by which Biologics agrees to provide consulting services to manage the planning for and drafting of the Company's 510K application for its Volumetric Imaging Scanner ("VIS") for submission to the United States Food and Drug Administration (the "FDA"). On October 3, 2016, Biologics accepted the first work order (the "Work Order") under the Agreement: a regulatory assessment of the Company's VIS in preparation for the 510K submission.
Imaging3, Inc. (OTCQB: "IGNG") Announces execution of agreement with CriTech Research to Complete Software Verification, Validation and Remediation for the Company's Planned FDA 510(k) Application
Wednesday 09/14/2016 09:30 AM ET - GlobeNewsWire via Dow Jones News
news 10/20/16 old but nice
Imaging3, Inc. (OTCQB: "IGNG") Announces Denial of Vuksich Application for Writ of Certiorari by the United States Supreme Court
22 days 1 hour 41 minutes ago - DJNF
Imaging3, Inc. (OTCQB: "IGNG") Announces Denial of Vuksich Application for Writ of Certiorari by the United States Supreme Court
BURBANK, Calif., Oct. 20, 2016 (GLOBE NEWSWIRE) -- Imaging3, Inc. (OTCQB:IGNG) announced today that on October 3, 2016 the United States Supreme Court denied John Vuksich's application for a Writ of Certiorari in connection with the December 2015 and February 2016 Rulings of the Ninth Circuit.
In May of 2012, John M. Vuksich, a shareholder of the Company who alleged that he held shares or proxies totaling more than 30,000,000 common shares in the Company (approximately 5.95% of the then-outstanding stock in the Company prior to the Company's bankruptcy filing), filed a shareholder derivative action in the Los Angeles County Superior Court against Imaging3. In that litigation, Vuksich challenged certain corporate actions taken by Imaging3 beginning in 2010, including the Company's amendments to its articles of incorporation authorizing the Company to increase its authorized number of shares of common stock and to authorize the issuance of preferred stock. Among other things, Vuksich sought an order voiding certain company financing agreements and sought an order compelling Imaging3 to fill vacancies on its Board of Directors. This litigation, which also sought to alter the equity structure and management of Imaging3, required the Company to unnecessarily expend limited resources in terms of both management time and funds for attorney's fees. Imaging3 has long believed that the Vuksich litigation could and would be defeated and vigorously opposed the litigation at significant expense.
Ultimately, the Vuksich litigation evolved into the following appeals from United States District Court rulings which were heard by the Ninth Circuit Court of Appeals on December 9, 2015:
-- Order Denying Motion to Dismiss Chapter 11 Case, Case No.: 13-56695 (9th
Cir.), appeal filed September 30, 2013, appealing the District Court's
dismissal of the initial appeal of the order.
-- Order Disallowing Claims Nos. 23 and 24, Case No.: 14-55499 (9th Cir.),
appeal filed March 31, 2014, appealing the District Court's order
affirming the order of the Bankruptcy Court.
-- Order Denying Motion for Abandonment of Potential Claims Against Officers
and Directors, Case No.: 14-55521 (9th Cir.), appeal filed April 2, 2014,
appealing the District Court's order affirming the order of the
Bankruptcy Court.
-- Order Confirming Debtor's First Amended Plan, Case No.: 14-55466 (9th
Cir.), appeal filed March 24, 2014, appealing the District Court's order
affirming in part and reversing in part the order of the Bankruptcy
Court.
The court ruled in favor of the Company on all four appellate issues.
On December 18, 2015, the United States Court of Appeals for the Ninth Circuit affirmed the rulings of the United States Bankruptcy Court and the United States District Court related to four above appeals that Vuksich had filed, asserting:
1. The Bankruptcy Court and the District Court should not have confirmed
Imaging3's Chapter 11 plan of reorganization;
2. The claim that Vuksich filed in the Imaging3 bankruptcy case was
improperly disallowed by the Bankruptcy Court and the District Court;
3. The Bankruptcy Court and the District Court should have abandoned the
Vuksich litigation;
4. The Bankruptcy Court and the District Court should have dismissed the
Imaging3 Chapter 11 bankruptcy case because the court had no jurisdiction
over the case.
On February 2, 2016, the Ninth Circuit Judges Tashima, Callahan, and Hurwitz voted to deny Vuksich's petition for a panel rehearing. Judges Callahan and Hurwitz voted to deny the petition for rehearing en banc, and Judge Tashima concurred. The full court has been advised of the petition, and no judge of the court has requested a vote on the petition for rehearing en banc. Fed. R. App. P. 35. The petitions for rehearing and rehearing en banc were thusly denied.
In April 2016, Vuksich appealed to the Supreme Court of the United States for a writ of certiorari on the Ninth Circuit rulings dismissing his appeals. On October 3, 2016, the Supreme Court denied Vuksich's application for a writ of certiorari, thereby terminating the Vuksich Litigation.
Dane Medley, Chairman/CEO of Imaging3, commented "We are very pleased with the Supreme Court's ruling. This ends this protracted and troubling litigation in favor of the Company. Justice has indeed been served."
MsCoffeenut
The only thing is you might be wrong in small sells part. I have bought stock and look at the charts later and my order went through as a sells event though
I bought it. Both small stock and on the big board.
I am mostly out of this only because I needed the money.
Stockmasterflasher In case you do not know this if that 595 has a line under it. Click on it and it will say what they talk about in the hearing. Believe me I do not have time to get involve with this even though I have old stock in it
Now you are talking! WHAT you said is what I believe they are going to make it.
Spicknspan I am dreaming but I hope the dividend cut will come back after they stop paying for the 3 companies they are trying to get listed on the stock exchange.
thanks stockmasterflash it looks to me the only way these debt holders are going to get their money is for the company to make it or their would be a Q at the end of the symbol
MsCoffeenut333 Thanks for keeping us updated!
Do you get Public Assess to Court Electronic Records PACER for short has more up to date records on the IGNG bankruptcy
Hollen’s project began last fall and is scheduled to be completed Sept. 30.
Let hope it ends well.
I hope they do something to make this stock do something.
I have not been on here in a long time about when the university started doing the test. I just check the stock and it is sameOO sameOO every time.
Have the sold any machines?
on yahoo news under igng
Form 10-Q for IMAGING3 INC
16-May-2016
Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
Cautionary Statements
This Form 10-Q may contain "forward-looking statements," as that term is used in federal securities laws, about Imaging3, Inc.'s financial condition, results of operations and business. These statements include, among others:
? statements concerning the potential benefits that Imaging3, Inc. ("Imaging3" or the "Company") may experience from its business activities and certain transactions it contemplates or has completed; and
? statements of Imaging3's expectations, beliefs, future plans and strategies, anticipated developments and other matters that are not historical facts. These statements may be made expressly in this Form 10-Q. You can find many of these statements by looking for words such as "believes," "expects," "anticipates," "estimates," "opines," or similar expressions used in this Form 10-Q. These forward-looking statements are subject to numerous assumptions, risks and uncertainties that may cause Imaging3's actual results to be materially different from any future results expressed or implied by Imaging3 in those statements. The most important facts that could prevent Imaging3 from achieving its stated goals include, but are not limited to, the following:
(a) volatility or decline of Imaging3's stock price;
(b) potential fluctuation in quarterly results;
(c) failure of Imaging3 to earn revenues or profits;
(d) inadequate capital to continue or expand its business, inability to raise additional capital or financing to implement its business plans;
(e) failure to commercialize Imaging3's technology or to make sales;
(f) changes in demand for Imaging3's products and services;
(g) rapid and significant changes in markets;
(h) litigation with or legal claims and allegations by outside parties;
(i) insufficient revenues to cover operating costs, resulting in persistent losses;
(j) dilution in the ownership of the Company through the issuance by us of additional securities and the conversion of outstanding warrants, notes and other securities; and
(k) failure of Imaging3 to obtain approval of its proprietary medical imaging technology and device from the Federal Food and Drug Administration.
There is no assurance that Imaging3 will be profitable. Imaging3 may not be able to successfully develop, manage or market its products and services. Imaging3 may not be able to attract or retain qualified executives and technology personnel. Imaging3 may not be able to obtain customers for its products or services. Imaging3's products and services may become obsolete. Government regulation may hinder Imaging3's business. Imaging3 may not be able to obtain the required approvals from the United States Food and Drug Administration for its products and services. Additional dilution in outstanding stock ownership may be incurred due to the issuance of more shares, warrants and stock options, or the exercise of outstanding warrants and stock options, or the conversion of notes. Imaging3 is exposed to other risks inherent in its businesses.
Because the statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by the forward-looking statements. Imaging3 cautions you not to place undue reliance on the statements, which speak only as of the date of this Form 10-Q. The cautionary statements contained or referred to in this section should be considered in connection with any subsequent written or oral forward-looking statements that Imaging3 or persons acting on its behalf may issue. Imaging3 does not undertake any obligation to review or confirm analysts' expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date of this Form 10-Q, or to reflect the occurrence of unanticipated events.
Table of Contents
Current Overview
Though our efforts have been to market our refurbished equipment, a significant portion of our sales and revenues derive from services and the sale of parts, either from extended warranty purchases at the time of purchase of the refurbished equipment, or service contracts and time and material revenue realized upon warranty expiration, the majority of which is realized one year from equipment purchase as warranties expire.
Our sales effort through direct mail, broadcast facsimile and broadcast email to thousands of potential customers throughout the United States generates leads of potential customers desiring to purchase equipment either immediately or in the course of one year. This lead generation through direct mail, broadcast and email will continue on a quarterly basis with the goal of increasing the total number of our leads for our sales staff. Management expects that the marketing program will also eventually help stabilize the company.
Critical Accounting Policies
Our discussion and analysis of our financial condition and results of operations are based upon our financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States of America. The preparation of these financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. We monitor our estimates on an on-going basis for changes in facts and circumstances, and material changes in these estimates could occur in the future. Changes in estimates are recorded in the period in which they become known. We base our estimates on historical experience and other assumptions that we believe to be reasonable under the circumstances. Actual results may differ from our estimates if past experience or other assumptions do not turn out to be substantially accurate.
We have identified the policies below as critical to our business operations and the understanding of our results of operations.
Revenue Recognition
Revenue is recognized upon shipment, provided that evidence of an arrangement exists, title and risk of loss have passed to the customer, fees are fixed or determinable and collection of the related receivable is reasonably assured. Revenue is recorded net of estimated product returns, which is based upon the Company's return policy, sales agreements, management estimates of potential future product returns related to current period revenue, current economic trends, changes in customer composition and historical experience. The Company accrues for warranty costs, sales returns, and other allowances based on its experience. Generally, the Company extends credit to its customers and does not require collateral. The Company performs ongoing credit evaluations of its customers and historic credit losses have been within management's expectations and has a revenue receivables policy for service and warranty contracts. Equipment sales usually have a one year warranty of parts and service. After a one year period, the Company contacts the buyer to initiate the sale of a new warranty contract for one year. Warranty revenues are deferred and recognized on a straight-line basis over the term of the contract or as services are performed.
Deferred Revenue
Deferred revenue consists substantially of amounts received from customers in advance of the Company's performance service period. Deferred revenue is recognized as revenue on a systematic basis that is proportionate to the period that the underlying services are rendered, which in certain arrangements is straight-line over the remaining contractual term or estimated customer life of an agreement.
Research and Development
Costs and expenses that can be clearly identified as research and development are charged to expense as incurred in accordance with FASB ASC 730-10. Included in research and development costs are operating costs, facilities, supplies, external services, clinical trial and manufacturing costs, and overhead directly related to the Company's research and development operations, as well as costs to acquire technology licenses.
Other Accounting Factors
The effects of inflation have not had a material impact on our operation, nor are they expected to in the immediate future.
Although we are unaware of any major seasonal aspect that would have a material effect on the financial condition or results of operations, the first quarter of each fiscal year is always a financial concern due to slow collections after the holidays.
Table of Contents
Results of Operation for the Three Months Ended March 31, 2016 Compared to the Three Months Ended March 31, 2015
We had revenues in the first quarter of 2016 of $11,627 compared to $83,232 in 2015. The decrease in revenue is due to decreased sales.
Our cost of revenue was $5,377 in the first quarter of 2016 compared to $51,163 in the first quarter of 2015. The decrease in cost of revenue was as a result of decreased sales. We had a gross profit in the first quarter of 2016 of $6,250 compared to $32,069 in the first quarter of 2015. Again, lack of sales had a direct impact on decreased gross profit margin. Our operating expenses decreased to$22,261 in the first quarter of 2016 as compared to $306,150 in the first quarter of 2015. Our loss on operations decreased to $16,011 in the first quarter of 2016 compared to $274,081 in the first quarter of 2015. Our net loss was $101,414 in the first quarter of 2016 compared to $274,498 in the first quarter of 2015. All were affected by decreased revenue for the period.
Liquidity and Capital Resources
The Company's cash position was $22 at March 31, 2016, compared to $9,508 at December 31, 2015.
As of March 31, 2016, the Company has a working capital deficit of $3,910,467 as compared to $3,850,953 at December 31, 2015.
Net cash used in operating activities amounted to $38,886 for the three month period ended March 31, 2016, as compared to net cash used in operating activities of $64,673 for the three month period ended March 31, 2015.
Net cash provided by financing activities amounted to $29,400 and $77,000 for the three month periods ended March 31, 2016 and 2015, respectively. The decrease in 2016 as compared to 2015 resulted from a decrease in proceeds from the issuance and sale of stock during the period.
The Company does not have sufficient capital to meet its current cash needs, which include the costs of compliance with the continuing reporting requirements of the Securities Exchange Act of 1934, as amended. The Company intends to seek additional capital and long term debt financing to attempt to overcome its working capital deficit. The Company will need between $50,000 and $100,000 annually to maintain its reporting obligations. The Company may attempt to do more private placements of its stock in the future to raise capital, but there is no assurance that the Company can raise sufficient capital or obtain sufficient financing to enable it to obtain approval of its prototype from the Federal Food and Drug Administration and to sustain monthly operations. In order to address its working capital deficit, the Company also intends to endeavor to
(i) reduce operating costs, (ii) reduce general, administrative and selling costs, (iii) increase sales of its existing products and services, and (iv) obtain the approval of the United States Food and Drug Administration to the Company's proprietary medical imaging device so that the Company can commence marketing and selling it. There may not be sufficient funds available to the Company to enable it to remain in business and the Company's needs for additional financing are likely to persist.
Going Concern Qualification
The Company has incurred significant losses from operations, and such losses are expected to continue. The Company's auditors have included a "Going Concern Qualification" in their report for the years ended December 31, 2015, 2014, 2013 and 2012. In addition, the Company has limited working capital. The foregoing raises substantial doubt about the Company's ability to continue as a going concern. Management's plans include seeking additional capital and/or debt financing. There is no guarantee that additional capital and/or debt financing will be available when and to the extent required, or that if available, it will be on terms acceptable to the Company. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. The "Going Concern Qualification" might make it substantially more difficult to raise capital.
check this out under the symbol igng in ihub get quote it is not in yahoo yet
Imaging3 New (IGNG)
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Thanks for the info might be getting closer to be traded
NEWS If it looks dead but it does not smell dead it is not dead
SEOUL, SOUTH KOREA / ACCESSWIRE / June 6, 2016 / LEO Motors Inc. (LEOM) ("LEO" or "Company") has executed an agreement acquiring 50% ownership of Lelcon Co., Ltd. ("Lelcon"). Leo will issue 1,414,828 shares of its common stock at $0.30 per share in exchange for 50% equity in Lelcon. This all stock acquisition is consistent with the interests and goals of both LEO and Lelcon for future growth.
Lelcon has a proprietary connected car technology crucial in development of smart electric vehicles (EV's). This strategic acquisition allows LEO to accelerate development of fleet EV management systems based on Internet of Things (IoT) and Artificial Intelligence (AI) platforms.
Lelcon's system, branded as "AutoNsight", is an On-Board diagnostic and controlling device that detects, reports, and controls the status of power system components including motors, controllers, transmission, ABS breaking system, and battery power packs, information and communication systems including on-board navigation, entertainment system, and a comfort system. Based on IoT platform, AutoNsight is connected through mobile internet. EV status can be remotely monitored and controlled in the control tower through computer based devices including note books, tablets and smart phones. AutoNsight is available for both EV and Internal Combustion Engine vehicles, and is compatible to Google Auto and Apple Car Play.
Dr. Shi Chul (Robert) Kang, CEO of Leo Motors, said "The acquisition of this strategic stake in Lelcon is an important step in developing connected smart EVs. Lelcon's AutoNsight will reduce LEO's time to market for our connected electric buses and electric delivery trucks. We will also enjoy significant savings in development costs. For our battery swapping system for fleet EV's, we had continued to invest in the developing a mobile network based connected car system. Lelcon's technology provides such mobile network based system with no need for further investment."
Dr. Kang is an author of best-selling books in IoT and AL business. His book titled "Disruption - IoT Business Era" was one of the bestsellers in 2015, and he also published "AI network and Super Business" earlier this year
more news
SEOUL, SOUTH KOREA / ACCESSWIRE / May 24, 2016 / LEO Motors Inc. (LEOM) ("LEO" or "Company") announced today that it has executed an agreement which provides for up to $10,000,000 in financing though the sale of the Company's common stock from an institutional investor at a purchase price equal to the average of the lowest 2 VWAPs during the 5 consecutive trading days following the delivery by the Company of notice plus a 5% discount. The Company's ability to draw down on the equity line is subject to the shares of common stock being issued to the investor being registered with the Securities and Exchange Commission. There can be no assurance that the Company will receive the full amount of the equity line funding. NMS Capital Advisors served as the financial advisor to the Company.
LEO will use part of the proceeds from this funding towards its overall business plan to expand into China by forming a China based joint venture company which will manufacture electric buses and trucks. In addition, LEO will further expand its U.S. operations in developing its electric motor boat and power yacht conversion services. In its domestic market, LEO will market electric buses in Korea.
LEO has developed its patented battery swap system which enables vehicles to operate 24-hours a day without downtime for charging, as is currently the only solution with end users. By using the LEO technology, end users may swap-out used batteries with freshly charged batteries. Unlike its competitors, LEO's battery swap system allows it to use low cost equipment in swapping as a result of its patented cartridge battery system. This results in power package being divided into many lighter pieces.
In addition, LEO has developed a patented electric shock prevention system for electric motor boats and power yachts. Electric boat power systems have traditionally presented electric shock hazards because of the proximity of water. Thus users of "e-boats" are exposed to the potential of fatal electric shock accidents. LEO's proprietary technologies eliminate such dangers and this innovation positions LEO as the first company in the world to offer safety compliant water-friendly electric boats.
Dr. Kang, Chairman and CEO of LEO Motors, said, "We will start to commercialize our technology with the motor boat and power yacht conversion business in the U.S. We will offer to customers to convert existing Internal Combustion Engine motor boats and power yachts into electric motor boats and yachts. Through the use of our technology, we have developed an electric power system able to generate up to 600 horse power. Our electric power systems are also available as outboard ones." Dr. Kang added "There are many companies in the world who make electric cars, but only very few companies can make electric boats. The primary reason for this is that they do not have safety technology. The most important technology feature for e-boat safety is the LEO electric shock prevention technology. As a result of this, we are the only company in the world which can produce a truly safe e-boat."
What would you think I would do if I had some money?
On May 17, 2016, the Company entered into a Securities Purchase Agreement (the "Equity Line Agreement") with an accredited investor (the "Investor"), pursuant to which the Company may issue and sell to the Investor Ten Million Dollars ($10,000,000) of the Company's registered common stock (the "Shares"). The parties also entered into a Registration Rights Agreement dated May 17, 2016, whereby the Company has agreed to provide certain registration rights under the Securities Act of 1933, as amended (the "Securities Act"), and applicable state laws (the "Registration Agreement", and together with the Equity Line Agreement, the "Agreements"). Pursuant to the Agreements, the Company shall register the Shares pursuant to a registration statement on Form S-1 (or on such other form as is available to the Company within 45 days of the execution of the Agreements) (the "Registration Statement"). In addition, the Company agreed to use its best efforts to cause such registration statement to be declared effective within one hundred twenty (120) days after the initial filing with the Securities Exchange Commission ("SEC"). Pursuant to the terms of the agreements, the Company shall reserve a sufficient number of shares of the Company's common stock for the purpose of enabling the Company to issue Shares pursuant to the Agreements.
Subject to the terms and conditions of the Equity Line Agreement, including that there is an effective registration statement, the Company, at its sole and exclusive option, may issue and sell to the Investor, and the Investor shall purchase from the Company, the Shares upon the Company's delivery of written notices to the Investor. The aggregate maximum amount of all purchases that the Investor shall be obligated to make under the Equity Line Agreement shall not exceed $10,000,000. Once a written notice is received by the Investor, it shall not be terminated, withdrawn or otherwise revoked by the Company.
The amount for each purchase of the Shares as designated by the Company in the applicable draw down notices shall be equal to the lesser of (i) 4.99% of the then-current shares outstanding or (ii) the previous 10-day average trading volume of the draw down shares multiplied by 3. There shall be a minimum draw down investment amount of $25,000 and a maximum draw down investment amount of $1,000,000 unless otherwise agreed upon by the Company and the Investor.
The purchase price for the Shares to be paid by the Investor shall be the average of the lowest two (2) VWAPS during 5 consecutive Trading Days following the delivery by the Company of a notice plus a 5% discount.
The Company claims an exemption from the registration requirements of the Securities Act of 1933, as amended (the "Act"), for the issuance of the securities referenced herein pursuant to Section 4(a)(2) of the Act and Regulation D promulgated thereunder.
The foregoing description of the Agreement and the RRA is not complete and is qualified in its entirety by reference to the full text of Exhibit 10.1 and Exhibit 10.2 which are attached as exhibits to this Current Report on Form 8-K and each of which is incorporated by reference herein
1/22/2016
Imaging3, Inc. Announces Completion of Outstanding Form 10-Q Quarterly Filings
Burbank, CA – January 22, 2016– Imaging3™, Inc. (OTCBB: IMGGQ) announces today that it has finalized and published 2012, 2013, 2014 and 2015 Quarterly results. The finalizing of these financials was completed by Rose, Snyder & Jacobs LLP located in Encino, CA. Imaging3 is now current on all of its required Form 10-Q and Form 10-K financial statements and expects to file its annual report on Form 10-K for 2015 by March 31, 2016.
Dane Medley, Imaging3’s Chairman and CEO, stated, “The completion of our financial statements has moved the company one step closer toward becoming public again. It has taken a collaboration of many individuals and business partners working diligently towards the same objectives. We are continuing to pursue several opportunities that we hope will increase our revenues and bring value to our investors.”
Mr. Medley also stated, “We will now interview market makers to assist us in filing our Form 211 with FINRA. With continued hard work, we are hopeful that Imaging3 will be able to reemerge as a public company. We will have more to announce soon.”
Imaging3 will provide ongoing updates in the form of filings and press releases, all of which can be found on our website, www.imaging3.com, under the news tab at the top of the page.
About Imaging3 Imaging3, Inc., founded in 1993, has developed a medical imaging device that produces 3D medical diagnostic images of virtually any part of the human body in real-time. Because these 3D images are instantly constructed in real-time, they can be used for any current
Only a few2 small timers gave them money
I am hoping small timers do not like to loose their money.
Even I would not put any money in making this last SEC filing if I could not get the stock listed again and I am a real dreamer and I would not even take their stock for payment.
stockmasterflash thanks for the info.
I look at this it will be listed again soon. why would any one give them money for stock if it was not going to be listed? I hope the court rules for the company again
During the three months ended March 31, 2015, the company issued a total of 7,580,000 shares of common stock for cash proceeds of $77,000 and 5,825,000 shares of common stock for services, valued at 58,250.
During the three months ended March 31, 2016 the Company issued a total of 1,176,000 shares of common stock for cash in the amount of $29,400 and 500,000 shares were issued for services rendered valued at $12,500.
Stock Option Plan
During 2014, the Board of Directors adopted, and the shareholders approved, the 2014 Stock Option Plan under which a total of 27,000,000 shares of common stock had been reserved for issuance. The 2014 Stock Option Plan will terminate in September 2024.
Stock Options
As of March 31, 2016, the members of the Board of Directors hold options to purchase 8,000,000 shares I think it said $0.025
I am trying to make this sleeping dog to wake up from yahoo news
SEOUL, SOUTH KOREA / ACCESSWIRE / May 4, 2016 / LGM, a subsidiary of Leo Motors Inc. (LEOM) delivered the first high speed electric fishing boat to the Korean government in a ceremony at Daecheon Harbor, South Korea. The government transferred the high speed electric fishing boat to Mr. S. W. Hwang, secretary general for the Association of Fishermen Union. Mr. Hwang will deploy the high speed e-fishing boat for deep sea fishing, testing the power, safety, dependability, and utility while assessing for further improvements. He will then promote sales of the electric boat to Korean fishing communities.
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View photo
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From Left: Mr. S. W. Hwang (Receiver) and J. H. Won (CEO of LGM)
Appointed as the sole partner of Korea's electric boat program, LGM has developed the high speed electric boat with the aid of a government subsidy. The boat passed all requisite testing for certification from the Korean government.
This electric boat (e-boat) operates at speeds faster than its internal combustion engine (ICE) counterparts. The sailing range of LGM's e-boat is longer than ICE fishing boat as LGM uses its patented cartridge battery system which enables the sailor to freely extend the range of the e-boat.
Before selling this boat, after conduction tests for the past three years, LGM developed two high speed electric fishing boats. During the test period, LGM solved many problems, innovating technologies such as battery exchange, electricity shock prevention, range management, power management, and mobile connection.
The Korean government subsidy program for conversion of electric boats is intended to deploy more electric fishing boats to resolve problems caused from the former tax-free gas program for fishermen. The tax free gas costs about half of regular gas, meaning Korean fishermen could formerly fish at lower costs than competing countries. Thus WTO and TPP warned the Korean government to cease providing said tax-free gas. Doing so results in a sharp increase in operational costs for the fishermen which may preclude many individual fishermen from fishing at all. Using electric boats, the fuel costs will be substantially lower than using tax free gas, therefore improving the operational costs drastically and opening new possibilities for the fishing industry.
Due to concerns such as charging methods, driving range, and overall performance, the fishermen have been reluctant to integrate an electric power system to their boats. As a solution, the government decided to develop and showcase a working electric boat, and through the bidding process. LGM was appointed as project owner for demonstration of sustainable technology that answers said concerns.
Electric boats have more advantages other than energy efficiency. Electric boats substantially reduces noise while traveling, an inherent problem for ICE boats and do not produce any stench from oil or gas. Despite these advantages, only a handful of electric boats have been developed throughout the world due to high technology barriers.
Electric boat power systems have traditionally presented electric shock hazards because of the proximity of water. Thus users of e-boats are exposed to the potential of fatal electric shock accidents. Leo's new technologies eliminate such dangers and this innovation enables Leo to be the first company in the world to offer water-friendly electric boats.
Dr. Kang, chairman of Leo motors, said, "There are many companies in the world who make electric cars but only few companies can make electric boats. The major reason for this is that they do not have safety technology. The most important safety technology for e-boat is electric shock prevention technology. Due to this, LGM is the only company in the world which can produce a safe e-boat."
Another important technology used in Leo's e-boat is the Cartridge Battery (CB) System. E-boats must recharge the batteries every day, but in reality, it is almost impossible to facilitate a battery charging station in the fishing harbor. For e-fishing boats, battery swap is the only solution. Leo invented the patented battery replacement system which relieves toxic charging environments. Swapping a battery power pack weighing more than 1,400 lbs. is not an easy task and requires an extravagant facility. To overcome this dilemma, Leo developed the CB (Cartridge Battery) technology. CB which splits the battery into smaller, lightweight cartridges optimized for easier handling. When CB works in harmony with Leo's newly innovated Battery Swapping Machines, it debunks the time required to fuel vehicles of equivalent size with gas.
Connected boat technology is another technical breakthrough. Leo developed the Internet of Things platform for e-boats which is networked and connected with Android Operating System. They are ready to function under the command of Artificial Intelligence (AI). Auto Pilot Applications make autonomous sailing possible. Leo's AI-connected positioning application is based from digital GPS which uses both Satellite and Mobile Network. Leo is also developing a unique Geo Fence Based Ranging System to analyze sailing status with real time for optimal autonomous sailing. The Diagnosis Applications provides real time connected maintenances and services for all Leo boats. From battery charge rate to replacement of components and accessories, and boat failure probability, it enhances safe and comfortable sailing experience. Leo has already developed powerful Communication Applications. Leo's power supply system is CAN (Controller Area Network) based, which enables Mobile Diagnosing between mobile devices and Leo's boats.
Leo is expanding its e-boat businesses into both China and the USA. In China Leo will be forming a joint venture company for production of e-boats. Last year, the Chinese government announced that they will not allow ICE boats in reservoirs, lakes, or rivers which exist as valuable source for drinking water. In the USA, Leo looks to open an electric power yacht workshop this year. The workshop will convert up to 45 feet luxury ICE yacht into electric, using Leo's 670 horse power (500kW) electric power system. The converted electric yacht owners will be able to enjoy the yachting experience, free from both odors and noise.
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates," "will," or "plans" to be uncertain and forward looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the company's reports and registration statements filed with the Securities and Exchange Commission.
For more information please call
Princeton Research, Inc
Mike King 702 650 3000
SOURCE: Leo Motors
undtrdr Here 30 miles south of the Saint Lawrence River when I first retired I tried to figure stocks out I came to a conclusion you can't. Many of time trades on the quote page my odd ball buying number showed as a sell. If you buy below the market it shows as a sell. Which in turn makes the stock price go down.
undtrdr I liked their zink ball technology. They said they were going to make it better and they never PR it again. Do you know what happen to that?
undtrdr wrong again I try to read this board every day even though I had to sell 90% of my shares. lol
I still do not know how this car is goimg to keep the passengers warm in cold weather and how its is going to keep the windows free of ice and steam.
DOES ANYONE KNOW
Does anyone know when I am getting my April fools present?
I did not get it for Christmas, Chinese New Year or a Valentine Day present so the only one left is April First.
IMGGQ must be going through another BK.
I take it with this new battery technology that works in the cold weather took the place of the old zink ball technology where you just add zink balls to the battery to get more power? Does any one know?
their is leo news on yahoo finance some thing like you do not have to buy the battery you rent it which makes it cheaper.
leslunier
Any news on Jennifer Ransom's sentencing it is Dec. now?
One thing for sure as a share holder the CEO tried for us to get this thing going why else would he bring good looking woman to Korea that is he the news was right in telling the correct story and not the one tht would sell another news paper.
December 7, 2015
Beijing has upgraded its alert for air pollution from orange to red, the most serious level, on Monday afternoon.
The Beijing Emergency Management office has issued an orange alert in advance warning of heavy air pollution from December 7 to 9. Authorities said they will have improved supervision on factories and exhausts from cars, which are responsible for discharging pollutants.
North China’s Hebei Province has been covered in smog since Saturday evening. The Air Quality Index (AQI) of Baoding city, about 150 kilometers (about 93 miles) southwest of the capital Beijing, reached 477 on Sunday morning. The number indicates that there is heavy pollution, according to Hebei Meteorological Administration. The World Health Organization has set its safe limit as 25.
Read more: http://www.cctv-america.com/2015/12/07/beijing-issues-first-red-smog-alert#ixzz3tfkSlLRN
Watch us live anywhere at http://www.cctvamericalive.com
I am 90% out of leo for personal reason. But I thought that someone might like the above news for your electric cars.
even and odd licence plate can only drive on even or odd days
Checking out news on the fur industry and the weather I heard the news casters say china is going to be the largest manufacture of electric cars.
I still do not know if the are going to come up with something to heat up the windows and the inside of the car
Follow us: @cctv_america on Twitter | CCTVAmerica on Facebook
Subject: Imaging3 Newsletter
Priority: Normal Date: Monday, November 30, 2015 1:48 PM Size: 26 KB
a little late but I got it
alt imaging3_tagline.gif
Imaging3, Inc. Announces 2012-2013, 2103-2014, 10K’s completed.
Imaging3™, Inc. announces today that it has finalized and filed its 2012-13 and 2013-14 10Ks with the Securities and Exchange Commission. The company’s financials were audited by Rose, Snyder & Jacobs LLP, which is located in Encino, California.
We will now focus on completing all required quarterly financials and will make an announcement upon their completion.
Dane Medley, President and CEO of Imaging3, stated, “The completion of these annual financial reports is a great step in getting the company back on solid ground. It has taken a collaboration of many individuals and business partners working diligently towards the same goals. We are working on several other business initiatives that we hope will increase our revenues and bring value to our investors.”
About Imaging3
Imaging3, Inc., founded in 1993, has developed a medical imaging device that produces 3D medical diagnostic images of virtually any part of the human body in real-time. Because these 3D images are instantly constructed in real-time, they can be used for any current or new medical procedures in which multiple frames of reference are required to perform medical procedures on or in the human body. Visit the company’s website at http://www.imaging3.com for more information
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, technological obsolescence, competition from other medical instrument(s) and imaging companies, lack of capital, unexpected costs, failure or delay of FDA approval, failure to obtain a trading symbol from FINRA, failure to consummate desired business combinations or transactions, delays or adverse rulings relating to its pending Chapter 11 bankruptcy action, absence of revenue, the impact on the national and local economies resulting from an economic recession or terrorist actions, and U.S. actions subsequently; unavailability of financing for the Company or its customers, product malfunction, potential product liability claims, and other factors detailed in reports filed by the Company. Imaging3 cannot assure that it will obtain regulatory approval for the Dominion VI Scanner or any other products, successfully complete the Chapter 11 bankruptcy process, successfully complete its financial statements, or obtain a trading symbol from FINRA.
Contact:
Imaging3, Inc.
Investor Relations
800-900-9729
MsCoffeenut A electric snowmobile is coming. You can now go back to Maine.
SEOUL, SOUTH KOREA / ACCESSWIRE / October 27, 2015 / Leo Motors Inc. (LEOM) has filed a patent application for its battery power pack comprised of battery cells that deliver full capacity and power in extreme cold temperatures.
Traditional batteries fail in extreme cold temperatures thus incapacitating Electric Vehicles in the extreme cold regions of the world. Even though China has regulations requiring 30% of new government-purchased vehicles to be electric, there are few EV's in the Northern parts of China. Russia has the same problem in its cold regions.
LEO has solved the cold region problem with its newly invented Nano Carbon Technology (CNT) electric vehicle battery power pack that functions and supplies full power in low temperatures (under -49 degrees F) without any capacity or power loss.
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View photo
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Named the "Extreme Power Pack," Leo's new battery power packs will be used for electric snow mobiles and Energy Storage Systems as well electric vehicles in very cold regions worldwide.
Dr. Shi Chul Kang, LEO CEO said, "We are pioneering the EV market in the cold regions such as the northeastern parts of China and Russia and we expect to establish LEOM as the EV leader in such markets because we have broken through the former technology barriers to create the Extreme Power Pack.
SEOUL, SOUTH KOREA / ACCESSWIRE / October 21, 2015 / Leo Motors Inc. (LEOM) entered into a Memorandum of Understanding ("MOU") with the city of Puerto Princesa, to jointly establish citywide Electric Taxi (EV) businesses. The MOU is the first in conjunction with and arising from LEO's alliance with the BRUNEI DARUSSALAM BIMP-EAGA BUSINESS COUNCIL (BDBEBC).
Under the MOU, Leo Motors begins a project intended to retrofit over 4,000 Puerto Princesa internal combustion engine (ICE) tricycle taxies converting them into electric tricycle taxis. The MOU was signed at the city hall offices of Mr. Lucilo Bayron, the mayor of Puerto Princesa, along with other signatories, Mr. Pg Yura Kesteria PSN Pg Yusuf, chairman of BIMP-EAGA BEBC (Brunei, Indonesia, Malaysia and Philippines-East ASEAN Growth Area BIMP EAGA Business Council) (www.bimp-eaga.org), and Dr. Shi Chul Kang, CEO of Leo Motors
You can get more from yahoo
'Profit investor '
I am also a stuck current investor looks like I can get out soon by your clams.
DrContango'
PACER = Public Access to Court Electronic Records
'DrContango'
If you get a PACER account you can get all records of all court cases. I can not remember what PACER stands for but I had one a long time before. When Toyota stolled a U.S. patent that went to mars on the mars rover. To small of a company to fight it in court.
Imaging3 out of bankruptcy has 6 different revenue sources
Lets see you and some else on this board gave them $50,000 that is two it can not be to much more exciding if they are going to sell this company for $1.30.
'Profit investor ' is the two weeks up yet?
At least it is not board on this board lately.
'Profit investor '
Why are you telling us all this junk if they all ready bought us out.
Get your stories straight
I am glad you and your friend on here bought some restricted shares of an unknown symbol!
Why are pumping this unlisted company shares up?
Must be you are a paid pumper, you do know that you have to declare this on IHUB and wright only under one name.
IMGGQ must be really hard up!!!
I hope you are having a good time thinging up what to wright next. I am having LOL also.
Post # of 52689
Look at who the current shareholders are, and you'll see Samsung has already bought up a big chunk of the stock, so as to keep their buyout in check. Obviously imaging3 is going to collect money and sell shares at a ppm level to finance FDA approval. Everything is on track, There's a $1.00 buyout on the table without FDA approval, $1.50 with FDA approval.
Post # of 52689
With Toshiba and Samsung on board Imaging3, is set to apply IMGGQ for FDA approval
Post # of 52689
Out of bankruptcy imaging3 is set to reapply for FDA approval with Toshiba
Post # of 52689
IMGGQ news: Toshiba and Samsung have offered takeover between $1.00 and $1.50 to be done before the end of the year
Post # of 52689
Stock news IMGGQ just raised $1 million and has money to take them through FDA approval.
'Profit investor ' I am having LOL I almost lost my cookies again!!! STOP IT WILL YOU
Profit investor
Do you think the major stock holders like this offer?
Do you think they will have a bidding war for this company?
Probably the workers do not care, they will get some money for the old shares and still work with the new company and later will be given some of the new company shares.
Company getting out of BK and 3 cents a share at the 65 for 1 reverse split is not bad.
Stockmasterlash
If $1.00 to $1.50 is right then I will have a wright off on my taxes as I bought this at 10 cents.
Has you looked at the FDA webpage to see if it is up for an FDA approval.
Profit investor
If you are right what are the roomers of the deal?
Did they buy us out right?
Are we going to have a new name?
If it was not for this being delisted we would be $0.0001.