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Dean opted for a 120,000 Mercedes! Silver I believe.
I don’t think so. I do know they can sell with no restrictions when they get them. Maybe Flash knows? There should be a filing somewhere detailing this exchange, I would think. I checked IMGG FIN. this morning and nothing new.
Anyone know if the 256 million shares have been dilivered to Cranshire yet? No new filings for IMGG.
After a phone conversation with another member of this board this afternoon I found I made a error in my original post.
The only way IMGG can deliver 257,365,741 Shares to Cranshire is by using those from the float. I believe IMGG is authorized 750 million shares total. This will make the outstanding Shares for IMGG about 665.9 million shares. This will create dilution for the current shareholders.
This does not include any other lenders at this time. I dont know if they are in court getting thier shares reset or not?
I guess we will see when the 10K is published.
My apoligizes for the error.
BOD
Cranshire's position in IMGG now.
Keep in mind the IMGG Outstanding Shares of IMGG are 408.5 mil
From the latest court case. 257,365,741 Shares
Just with the latest court settelment, Cranshire owns over 50% of IMGG.
Then the warrents:
This prospectus covers 23,119,272 shares of the common stock, no par value (the "Shares") of Imaging3, Inc., a California corporation ("IMGG"), including 18,302,757 Shares issuable upon the exercise of up to 18,302,757 warrants, which reflects 133% of the initial number of shares issuable upon exercise of those warrants to cover potential adjustments that may occur pursuant to the anti dilution provisions contained in those warrants (the "Investment Warrants"), and 229,358 Shares issuable upon the exercise of up to 229,358 warrants (the "Placement Warrants" and collectively with the Investment Warrants, the "Warrants"). The Investment Warrants and 4,587,157 Shares and are owned by Cranshire Capital, L.P. and Freestone Advantage Partners, L.P., and the Placement Warrants are owned by Wharton Capital Partners, Ltd. (collectively with Cranshire Capital, L.P. and Freestone Advantage Partners, L.P., the "Selling Securityholders"). Although we will receive proceeds from the exercise of the Warrants if they are exercised, we will not receive any of the proceeds from the sale of Shares by the Selling Securityholders.
Anyone see this. IMGG gets to pay for Cranshire Legal Fees from the latest suit! From the 8K
Item 8.01 Other Events.
On April 2, 2012, the Circuit Court of Cook County, Illinois, Chancery Division, approved the claims exchange agreement entered into on March 28, 2012 between Imaging3, Inc., a California corporation (the “Company”), and Cranshire Capital, L.P., an Illinois limited partnership (the “Claims Exchange Agreement”) in connection with the lawsuit entitled Cranshire Capital, L.P., an Illinois Limited Partnership, vs. Imaging3, Inc., a California Corporation, Case No. 11CH40508.
As previously disclosed in our recent Report on Form 8-K, dated March 28, 2012, pursuant to the Claims Exchange Agreement, we have agreed, as part of the consideration for dismissal of the pending lawsuit with prejudice and a mutual release of all claims, to issue 6,365,741 shares of our common stock to Cranshire pursuant to Section 3(a) (10) of the Securities Act of 1933, as amended, as reimbursement of Cranshire’s legal fees and costs. The shares are being delivered to Cranshire in accordance with the terms of the Claims Exchange Agreement, the releases will become effective and the action will be dismissed with prejudice.
ghmm posted this on another board.
http://www.xconomy.com/new-york/2012/04/03/hard-nosed-hedge-fund-chief-has-soft-spot-for-rare-disease-startup/
Just scanned quickly through the 10K looking for the Executive compensation. It appears they included it in the total. There was a significant increase from 2010, although they may have hired more employees?
Compensation and related expenses
in thousands
2011 2010 Increase/decrease
$4687 2501 2186 +87%
Didn't you see the Press release today? The computers glitched/ confused the symbol FCSC with POS. Im sure this will be worked out by 0800 tommorow. Just do a google search,Im sure all of the information on the glitch is there.
no White Night who wants to license Laviv on lucrative terms or to acquire FCSC, except at a fire-sale price.
Thats not so far off after today. If Pernack doesnt have real news like a partner/ selling the company, it will be a fire sale price by Friday! IMHO
I think the FCSC Investors spoke with action today.
Rickkkk Share Monday, April 02, 2012 5:21:59 PM
Re: None Post # of 6128
a little too late pernock, uping the cc 8 hours does sh##, we want real news
Could'nt have said it better myself! If he does'nt have a real plan the SP will go to .10 tommorow IMO
BOD
"I can't believe there was no statement by the company."
This probably just added to the selling today. I expected an announcement from the company around noon today.
Rickkk
May be its time to sticky the bad news at the top of the page? We now know what changed.
What do you think Pernock will have to say tomorrow?
I got hammered on this stock!
I beleive the product works,poor managment decisions is what has brought the company to this point. Can you imagine what the dilution would have to be at .19 to get the same funding as last time?
Agreed! Selling is about the only option left other than BK IMO
WHO IS BUYING THIS!? Seriously guys!!! Who is putting in orders to purchase shares of this company. Omg....
I dont know who is buying this, but I have a pretty good Idea whos selling!!!!!!!!!!
I can't wait for the next Money TV. Stocking up on the popcorn now!
Sounds like easy money for Cranshire .055-.0119= .0431 profit on 250 million shares. I see a flood of share sales in IMGGs future!
Thanks Flash
I just pulled this from one of the links in you post. I was wondering if anyone here has called and actually had the phone answered today? Dean listed this as his contact number on the form?
http://www.sec.gov/Archives/edgar/data/1205181/000106594910000202/0001065949-10-000202-index.htm
Dean Janes
Chief Executive Officer
3200 W. Valhalla Drive
Burbank, California 91505
Telephone: (818) 260-0930
Insider Sale List I left Dean Janes off the list. His took up to much space!
Transaction Type / Date Current Average
6 Month Return Shares /
Market Value Price Range Total Holdings
Insider information is updated as it is received from the data provider. 123.
Altounian, Laura
Planned Sale
6/1/2007 -- 100.0K
$13.5K -- - -- --
Bial, John J
Planned Sale
5/7/2007 -- 500.0K
$65.6K -- - -- --
Blair, Capital Inc
Planned Sale
6/30/2007 -- 500.0K
$50.0K -- - -- --
Clauson, Luke
Planned Sale
8/8/2007 -- 300.0K
$39.0K -- - -- --
Cook, Robert E
Planned Sale
3/1/2010 -- 200.0K
$118.0K -- - -- --
Donatelli, Frank
Planned Sale
10/26/2009 -- 250.0K
$175.0K -- - -- --
Donatelli, Michael
Planned Sale
10/23/2009 -- 375.0K
$250.0K -- - -- --
Dutra, Fernando
Planned Sale
5/13/2010 -- 200.0K
$90.0K -- - -- --
Dyke, Scott
Planned Sale
5/31/2007 -- 150.0K
$19.5K -- - -- --
Greenberg, Randall
Planned Sale
10/10/2007 -- 50.0K
$5.5K -- - -- --
Herrington, Cynthia L
Planned Sale
5/7/2007 -- 10.0K
$1.4K --
Krueger, Luis F
Planned Sale
1/30/2008 -- 20.0K
$3.6K -- - -- --
Larsen, Eric
Planned Sale
2/7/2008 -- 50.0K
$8.5K -- - -- --
Limpus, Christie
Planned Sale
8/15/2007 -- 50.0K
$6.5K --
Planned Sale
7/22/2008 -- 1.7M
$166.8K -- - -- --
Planned Sale
4/20/2007 -- 300.0K
$48.0K -- - -- --
Ludwing, Jason
Planned Sale
10/12/2009 -- 125.0K
$87.0K -- - -- --
Peck, Austin
Planned Sale
7/27/2007 -- 50.0K
$8.5K -- - -- --
Ramin, Ramhormozi Et Al
Planned Sale
10/15/2007 -- 50.0K
$5.5K -- - -- --
Rodriguez, Lionel Jr
Planned Sale
8/10/2007 -- 400.0K
$54.0K -- - -- --
Roll-Congrove, Angela
Planned Sale
5/31/2007 -- 10.0K
$1.3K -- - -- --
Singer, Richard
Planned Sale
11/30/2007 -- 50.0K
$8.5K -- - -- --
Tronson, Dave
Planned Sale
12/12/2007 -- 111.0K
$15.0K -- - --
Actually the shareholders need to hear from the CEO in a conference call. I just don’t understand why he can’t/won’t come forward? Im sure they would also like to ask some questions.
I assure you at this point they are running this by a real ATTORNEY, not the one that filed the multiple S filings? Remember that debacle.
BOHICA is what comes to mind. Just do a GOOGLE search on that if you don’t understand the abbreviation? I’m sure Dean knows what this means. Its common slang in the military.
I wonder if this Accounting firm will accept shares for work.
9,957,324 Ariad Volume today.
The Cool-Aid taste more like Wine this morning.
Time will tell. Don’t forget the 235 million
invested by Institutional investors. I think they have full control at this point.
Let’s see where ARIA stands on Monday. It usually takes about 3 days for the news to reach everyone.
BOD
rumrunner528'/heldnova
I have held shares in ARIA from the 3's maybe not as long as you. I agree on the news part, but I do remember a day when the PPS increases 1.62 one day during that time frame. I have a photo on my phone to this day. Im sure it was news on RIDA way back then?
I cant comment on the FDA decision, it is what it is. They have the final say, if not today in June. I think we can gather thier feelings from today?
I sold all my trading shares during the meeting today from 15.05 to 15.21 but I still hold my core shares.
This works for me. Many here trade options. I have little experiance in this or margin. Doing what works for me. This stock moves to much not to trade in some way. It has increased my profits .....
I hope heldnove will tell us where they found that link to the FDA Advisory panel meeting on Rida. I have much time invesed in the FDA website and have never come across this data> or link. Please share. Thanks for the great information,Im sure it helped many here today.
iandy'
I do not remember Harvey or anyone else from Ariad saying Rida was certain to be approved or anything I would interpret as indicating approval was certain.
Most CEOs won’t go there. They know in the end its the FDA's call.
To be honest it actually goes much deeper than that with companies. I own one security that gained FDA approval, and I’m under water there at a significant percentage after aproval!
So, in the end FDA approval guaranties nothing as the PPS goes!
Since i've been an invester i have heard Harvey at least 200 times mention Rida in favorable terms.
Would you rather he dog it day in and day out. He was doing what any good CEO does!
Everyone knew the final decison lies with the FDA. It will for Pona and 113 also. So now is probably good time to make any longer term decisions.......
One ,we still have Pona and 113! Rida really was not ours, Merck paid for most of the research.
Thank you heldnova
Box this should explain where the FDA stands/......
Great post Heldnova I was unaware of this.
Thank you
BOD
To the best of my memory, the FDA has 48 hours to make public the findings of the advisory panel? I have never seen anything on line where the public can listen, {I doubt this will ever happen in my life time}
or where the public can get any information from the panel other than the official release from the FDA?
It states in the afternoon. Thats all they give for a time frame.
http://www.fda.gov/AdvisoryCommittees/Calendar/ucm290490.htm
Found this on another board. Since we have a PDUFA date in June, I thought this was interesting.
FDA Beats the PDUFA Dedline in more ways than one.
http://www.elsevierbi.com/publications/rpm-report/first-take/2012/01/fda-beats-the-pdufa-deadline
.
The INST Investors entered just above 10.00 a share in ARIA. The magic number is 235 mil share investment. Keep in mind, anything sold above 10.00 is at profit from that entry point,.
They can sell all the way down to 10 and gain profits on every sell. This stock trades 4 mil a day. I can only imagine if they sold 10 mil shares on the sell side in one day where the PPS could go……
It's not hard to move the PPS on the back of day traders taking profits. With those shares in hand at a profit at anything above 10.
I think its a win win play for those in at 10.00, Worst case they will loose very little cash.
There are a lot shares on put.INST investors have control of several mil. at this time.
Just my .02 Maybe one of the elders can place some insight on this?
Thanks Hedge
I had heard about it, but have not see that document. Ariad is doing good for those in need.
I'm tired of hearing how
busy Mitch is and then suggestions every Tom, Dick and
Harry call him. If people trying to contact him for franchise
info are not getting immediate response, this business is
in serious trouble. It is high time CONZ have a paid
investor relations person with a staff .
I agree heart There are many avenues that Mitch can access the investors at one time. Many investors have sent communications with no response other than ROBO’s. I think we all understand that abbreviation? He could also do a Confrence Call and ansewer investors questions.
I hope he addresses those that have invested in his company soon.
It's time we here from MITCH himself IMO.
Hey, IHEARTWEIMERS Great idea.
Mitch should check out Money TV with Donald Baillargeon, This guy Don B. can real the investors. Check the www he airs shows weekly. I would love to hear from Mitch in person on MTV. He's a busy man and I can understand that. This would only take a few hours of his time and he could communicate all of his thoughts and future plans with the company to every investor. I think this could put a stop to all the emails and investors questions at one time.
Hey Mitch, are you willing to speak to the investors. You won’t have to answer questions in this format.
As I see it, It's been a great day. CONZ traded 166,218 shares according to my broker? Close on CONZ was .048 so thats almost $8000.00 that changed hands. I hope it continues the upward trend tomorrow.
Good Luck to all.