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.
IMGGorBUST
BigBroke did make a post where they accepted your bet. I read it myself, but it could have been deleted by the Moderator or themself after some serious thought.
Cpbball3
You are partially correct in your statements.
First: The Dominion can be used for animals. No FDA clearance required. The FDA is only concerned with HUMANS and some Neanderthals that post here.
Second: Yes he can sell the Dominion overseas as long as he complies with their FDA guidelines in each Country he sells it in.
When a device receives U.S.A. FDA approval it can be almost automatically accepted in other countries because we have the toughest FDA on the Planet. IMHO
I dont understand how you could have missed your re-entry point. I could be mistaken once again ? but I thought you had buys placed in well prior to the last dip? You called it in advance? I cant see where you would have any fear playing with the house's money? No harm intended here Kimble.
Kimble1
There have been so many predictions here I cant remember who predicted what price. But I do agree with you, there is some money to be made here, especially for those that own shares when approval comes.The rest will chase at best.
Why such a large move up in purchase price? Last time you posted you thought it would go to a DIME?
IMGGorBUST:Someone on face book.
Hello all. I copied this from another site but thought it was well written information about Imaging3.
This stock was recommended to me by a doctor that I know very well and trust completely.
Let me summarize what I've found out and then maybe people can tell me where I might be wrong. Please, please, please - keep it constructive, useful, and based on fact.
The Device:
Invented 8 years or so ago.
Can provide 3D imaging in real time - no other device can do this.
Can also do CT functions.
Device is portable, can fit through standard door, and runs on standard 110v outlets.
It emits about half of a normal x-ray.
Patent is held and is pretty tight.
Was seen by Oregon State University and they were impressed enough to want to be first site to use when approved and they signed a contract to that effect.
Has been reviewed by radiologists as part of FDA approval cycle.
Winner of Frost and Sullivan award for Product Innovation of the Year two years ago.
The Company:
Founded by Dean Janes in 1993 who is currently the CEO. He served in the Army as a biomedical technician and has over 20 years of experience as a biomedical engineer. Worked for Center for Health Resources as Senior Field Service Engineer, as National Technical Support Engineer at Toshiba, as Senior Field Service Engineer at OEC Medical Systems, and as X-ray Service Engineer for Kaiser Harbor City Hospital. Degree in Bio-Medical Electronic Engineering at University of Colorado Technical Institute.
He has submitted three 510 applications in the past but they were not as complicated or involved as this one.
Christopher Sohn is President and COO. He has been Director of Imaging3 Inc. since 2000 and serves as President and Chief Operating Officer. Mr. Sohn has 20 years of experience in international trade. He has worked with a number of biomedical equipment manufacturers from Asia Pacific, as well as distributors throughout Latin America. As Chief Executive Officer of DMI (1995-2000) and ISOL America (2000-2001), he was responsible for establishing dealer networks throughout Latin America for several Korean medical equipment manufacturers. Mr. Sohn majored in Biochemistry and Computer Science at the University of California at Los Angeles (1978-1982).
The Stock
Market Cap of $107 million despite virtually no sales. Outstanding shares of 375 million of which about 60 million shares are held by Mr. Janes and 20 million or so held by Christopher Sohn, COO. The stock held generally under $0.10 until last fall when, on speculation, it jumped up to $1.95. In the next 2 months it dropped down below $0.40 and has stayed in the $0.20 to $0.80 since.
A private placement was made right before the jump of over 100 million shares. This was held to raise capital. Apparently it helped fuel the jump last fall as word spread and, ironically, helped spur the drop recently as these restricted shares became unrestricted.
FDA
This has been a nightmare and appears not to have been managed well from the company who refused to bring in outside help. Excuses were made about the FDA and they appear to be plausible and have been experienced by other companies in the industry. A new team has had the application since the beginning of the year and their normal time frame for approvals is just about right now. Many feel that approval is at hand and this is, by far, the largest question around the stock. Apparently there are experts, some of whom I've communicated with, from competing companies who say it is only a matter of when, not if.
Financials and Operations
Company has experience in the manufacturing side through its refurbishing business. Space is available for production of approx 10-12 units per month. Talks have been held with overseas manufacturers to significantly expand this production and company, through Mr. Sohn, has experience manufacturing and distributing overseas. Machine uses essentially no proprietary parts so can be assembled anywhere with "off the shelf" parts. Demand appears to be high based on statements from Mr. Janes.
Price of unit will be approximately $550,000 with more income from service contracts. Financing appears to be available to cover the current negative-cash flow operations through 2011. Capital has been lined up for production once FDA has approved.
Summary:
My calculations would show that sales should be able to reach $200 million within a year based on internal and external manufacturing capability and pent-up demand. This could expand very significantly in subsequent years unless a buyout occurs. Gross profit should be around 50% and net profit should be about 25% (this is a guess). Based on outstanding shares and normal P/E's (this is conservative based on revolutionary nature of this invention), I have to believe that the stock should be trading at least at $5.35 within a year.
I think your off by a week. Remember he did the Free advertisment Money TV segment for Ihub?
Adelaide Read this link on Stock Dilution
http://www.fool.com/investing/high-growth/2006/04/28/foolish-fundamentals-stock-dilution.aspx
I will second that!
Thank you for the charts. What symbol is used on charts when the SEC issues a stop trading on a stock? Is this when the Market Maker has his way with the PPS? It's my understanding the MM can open the PPS as he needs to make the market after the SEC reopens a stock for trading? Things that make you go Hmm...
And if memory serves me correct Steve Jobes came up on the short end of the stick with Bill Gates? This was in the beginng stages of microsoft. The same stage as IMGG is now.
Obviousely from the responces only some of us were aware of this.
madtig6
The first review team gave Imaging3 permission to use the device under those guidlines. As I previousely stated they did not want open themselves up to more delays.
Call Mike Nessen. Im sure he will tell you the same thing he told me. These are very open and honest people at Imaging3.
According to Mike Nessen at Imaging3 The FDA has given permission to use the device on a human with the following stipulations.
1. The doctor is aware that the device is not currently marketed and is in the process of FDA approval..
2. The patient knows the device is not currently marketed and is in the process of FDA approval.
3. There will be no fee charged for the service.
Basically the same as a product in PMA.
They have opted not to, in order to prevent futher delay.
If the FDA wanted to see the Dominion in person there would be a truck headed East out of Burbank at first light in the morning. Dean would have no problem showing the FDA the machine and would do a demonstration. Anyone else will have to wait. Have any of you thought that they just might do that? Dean has the Dominion and its 100% functional IMHO.
Is it just me or can everyone else hear a dime drop, its so quite all of a sudden? I'll check back in tommorow.Everyone have a good nights sleep?
Shaka
It appears from your statements you have gained valuable knoledge in chart reading?? Please post your charts with supports and moving averages points. Please inform us what your thoughts are where the PPS will go with supporting charts. You are the Moderator. Just asking a question. You are our LEADER....?
Please your charts not anothers homework.
Recon
Here are the insider sales.
Insider Transaction History
Transaction Date Name/
Position Transaction Type Current Average
6 Month Return Market Value Shares Price Range Total Holdings
May 13, 2010 Dutra, Fernando
Other Planned Sale -- $90K 200,000.00 -- - -- --
March 1, 2010 Cook, Robert E
Other Planned Sale -- $118K 200,000.00 -- - -- --
October 26, 2009 Donatelli, Frank
Other Planned Sale -- $175K 250,000.00 -- - -- --
October 23, 2009 Donatelli, Michael
Other Planned Sale -- $250K 375,000.00 -- - -- --
October 12, 2009 Ludwing, Jason
Other Planned Sale -- $87K 125,000.00
I would not call less that 1% of the outstanding shares a MASSIVE DUMP by any means.
Amazing what the sale of 2 mil shares can do to the price of 373 mil shares.
TY IBust
ImggORbust
I have not had a chance to view the Money TV show. Did Dean state what day he sent the package with changes?
MickfromMaine
There are a group of shareholders here local. Your summery is exactly the same as ours from beginning to end.We came to the conclusion of the numbers almost exlactly as yours. Nothing has changed.
MICKfromMaine
Yes, there is a huge difference. Something to keep in mind is once shareholders authorize the shares: the Board of Directors can issue these shares as they see needed? This is something all shareholders need to think about prior to casting their vote. Once approved its out of their hands from that day forward. Any shares held by the company can be "issued/sold" this means dilution for shares held prior. On the other side they have shares that have not been issued in reserve. Its a trust factor IMO.
Then we come to the shares Dean had to sell to keep things afloat the 107 mil shares. IMO he made a a hard choice and made the right one as a CEO.
Dean is not banging his head on the wall or pulling his hair out. He's Dying it as he stated on his last interview!:) Me "Im tugging on mine on a daily basis"
Chartman
All I know is what Dean Janes has stated publicly on the shareholder meeting. The SEC is the holdup. When they give authorization it will be re-scheduled.
I have seriously considered going to the shareholder meeting myself. I live in TN and would have to make arrangements in advance. I would like to meet Dean Janes and his team.
Yea but it took you all day to do it. Not many shareholders letting loose shares this late in the game! Maybe adrian sold you her last 8500?
Kimble 1
I have to dissagree with your statement. The facts on the paid promotions do not reflect what you have said. Below was the last paid promotion for IMGG. As you can see the volume was low and the price was not even near 1.95 a share. Here is the link for all to verify the information on stock promotions paid or otherwise for IMGG below. There were 39 promotions in all. To many to list here in detail.
http://stockpromoters.com/prom.asp
I could not find any connection between Brian and Red Chip Companies nor IMGG during my google search during that time frame. Your statement about Brian being involved with many other companies is true. I do think at a much later date he and Dean became partners, but I can find no verifiable information that he had any part of the run to 1.95 for IMGG.
Take a look at the link. The promotion history of IMGG is all there in detail. Actully I think MTV could get most of this credit for the price run. Havent Don B. And Dean J. been friends for quite some time? Maybe this huge run IMGG had during that time is why Dean continues to use MTV.
Company: Imaging3 Inc. ( IMGG ) Promoter: Red Chip Companies
4/17/2009
End of Day: Close: 0.045 Volume: 182,949
Change: 0 % Change: 0
3 Month : High/Low: 0.075 / 0.04 Volume 3m : 197,092
Compensation: $32,400 for RedChip Visibility Program services, which included the preparation of this equity research report
Kimble 1
Dean and Brian EXCEEDED expectations with the share price run to $1.95.....Brian deserves a gold star for all he did to make the share price run
Can you explaine why you think Brian was responsible for the share price run to 1.95 ?
Hubris
I almost fell out of my chair laughing at that last line in your post!
Vibetech I agree. That is exactly what I expect!
Shaka
I strongly suggest you call Mike Nessen and ask about the Proxy. I spoke with him just prior to the holliday weekend.
Well where are all those that said Buy! Buy at the ask! Someone slap the ask we are all closer now?
Things that make you go Hmm Mr Wiggles ? You have my personal mark........ I assure you!
Hey Joe
Its been an exciting day. I still have the fath in IMGG. These are honest people with a real product IMHO. We shall see if they can get thru the snake system. I hope all here have a good weekend. Well most anyway???????
Yes, you know who you are when you asked yourself is that me he is refering to when he said most anyway? Yes, its you.
See you next week.
Friday seems to be a prefered day of the week for the FDA to send out SEs. Lets see if today is our day.
Everyone have a Great 4th of July! See you next week.
Are you saying you were part of the problem today!
Been watching for days. I just slapped the ask for 2K. Lets see where this goes.
I thank you for your honesty! Thank goodness you were not selling below the ask. I'am sure all at this Board just witnessed your "position" on IMGG with your last post. Thanks, thats just what we needed.