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Great Post El Hefe
El Hefe
You are very correct! Many don't post for the very reasons you stated!
I asked IHUB Administration why post 11395 was deleted. I cut and pasted their responce.
Account wiped for being in violation of the User Agreement.
On the Press Release, Their is more than one way to do a Press Release! After the past Conference Calls I have listened to, If I were Dean Janes I would be hesitant to repeat a Conference Call! Some of the callers were long winded to say the least. Some of them from this board. Any Company can put out a Press Release in print and accomplish the same guise without all the long winded share holders or expense of the airing. It occurs every day, for obvious reasons.
On the submissions of the Dominion to the FDA? This is a question for the shareholders that were here from the beginning of IMGG. Does any one have a true count of how many submissions that IMGG has made to the FDA?
I have read all the worries of shareholders and they are well founded. It seems every time IMGG makes a 510K submission/ resubmission the FDA has more questions or requirements. When I look at the FDA site I see many Company's that receive approval each month? What is IMGG lacking? Is this device so different that they cant make a judgment call? I think of 2 key factors that the FDA may be considering. Radiation levels and clarity of images. Hopefully these will both be resolved with the next submission.
It's not an easy process I understand. If they receive USA FDA approval they can go World Wide with little problem. We have the hardest system to get through. If IMGG accomplishes this task the rest of the world goes along as far as FDA goes. This what I have seen in the past.
If not accomplished in a timely manner the completion will be on our heels!
Just my opinion.
If you would like to put pressure on the shorts, put a sell in on your shares at 4.00 or above the ask price. If all that hold shares do this it will have an affect. If your shares are for sale your broker can not lend your shares out to shorts! Where does the MM get his shares to short? The MM purpose is to meet the markets demands. Your Broker is out to make a profit also. They abide by the rules, do you know the rules?
madtig6
Couldn't have said any better!
Short Sell Update
SEC puts new curbs on short-selling
SEC adopts new 'circuit breaker' curbs on short-selling in bid to buttress market stability
Buzz up! 0 Print
Marcy Gordon, AP Business Writer, On Wednesday February 24, 2010, 12:16 pm
WASHINGTON (AP) -- Federal regulators on Wednesday imposed new curbs on the practice of short-selling, hoping to prevent spiraling sales sprees in a stock that can stoke market turmoil.
The Securities and Exchange Commission, divided along party lines, voted 3-2 at a public meeting to adopt new rules.
The rules put in a so-called circuit breaker for stock prices, restricting for the rest of a trading session and the next one any short-selling of a stock that has dropped 10 percent or more.
Short-sellers bet against a stock, in a practice that is legal and widely used on Wall Street. They borrow a company's shares, sell them and then buy them when the stock falls and return them to the lender -- pocketing the difference in price.
The SEC move followed months of wrestling with the controversial issue. The SEC asked for public comment last April on several alternative approaches to restraining short-selling, and a bipartisan group of senators have been pushing the agency to act or face legislation.
The agency got more than 4,300 comments on the issue.
Investor confidence was shaken as the market plunged amid the financial crisis in the fall of 2008, and proponents of restoring restraints said they were needed to prevent abusive trading. They maintained that the absence of restraints fanned market volatility, prompting hedge funds and other aggressive investors to target weak companies with an avalanche of short-selling.
But opponents said new restrictions could eliminate the benefits of short-selling -- bringing capital into the markets and accurate stock prices to the surface -- and actually hurt investor confidence.
Under the new rule, once a "circuit breaker" has been triggered, short-selling in the affected stock will be permitted only if the price is above the current highest bid for the stock. That restriction would apply for the rest of the trading session and the next day's session.
The SEC said the rule strikes a balance between two objectives: preventing short sellers from driving the price of a gutted stock even lower and preserving the benefits to investors from legitimate short-selling, such as pumping cash into the market. The balance comes, the agency said, because the "circuit breaker" restrictions are temporary and are applied to a specific trading session, in contrast to other alternatives that would institute permanent constraints.
"The reason this rule makes sense is because it recognizes that short-selling can potentially have both a beneficial and a harmful impact on the market -- depending on the circumstances," SEC Chairman Mary Schapiro said before the vote.
Schapiro said it is important for the SEC and the markets "to have in place a measure that creates certainty about how trading restrictions will operate during periods of stress and volatility."
But the two Republican commissioners, Kathleen Casey and Troy Paredes, disputed that the curbs would bolster investor confidence and said they could hurt the market's efficiency.
Casey said she was "deeply concerned" that the action seemed to be guided more by "public relations" than evidence of the benefit of the rules. It could "undermine our credibility in the long run," she said.
In July 2007, when the stock market was near its peak, the SEC abolished a 70-year-old uptick rule, put in during the Depression that followed the 1929 market crash that allowed short-sellers to come in only at a price above the highest current bid for the stock.
Last July, the SEC made permanent an emergency rule enacted at the height of the fall 2008 tumult that targets so-called "naked" short-selling -- when sellers don't even borrow the shares before selling them, and look to cover positions after the sale.
That rule includes a requirement that brokers must promptly buy or borrow securities to deliver on a short sale.
Brokers acting for short-sellers must find a party believed to be able to deliver the shares within three days after the short-sale trade. If the shares aren't delivered within that time, there is deemed to be a "failure to deliver." Brokers can be subject to penalties if the failure to deliver isn't resolved by the start of trading on the following day.
Dollars2Bhad
Found this on another board but good info on shorting!
February 24, 2010 SEC poised to adopt curbs on short-selling after long study; bid to prevent market turmoil
WASHINGTON (AP) — Federal regulators are poised to rein in the practice of short-selling, restoring Depression-era restraints, in a bid to prevent stock-selling sprees that feed on themselves and can heighten market turmoil.
The Securities and Exchange Commission is scheduled to vote Wednesday at a public meeting to adopt new rules, following months of consideration by the commissioners. The SEC asked for public comment last April on several alternative approaches to restraining short-selling, and a bipartisan group of senators have been pushing the agency to act or face legislation.
The meeting begins at 10:00 a.m. EST.
The commissioners are expected to adopt a so-called circuit breaker for stock prices, restricting short-selling of an extremely fast-dropping stock for the rest of a trading session based on its highest bid.
Short-sellers bet against a stock, in a practice that is legal and widely used on Wall Street. They generally borrow a company's shares, sell them, and then buy them when the stock falls and return them to the lender — pocketing the difference in price.
In July 2007, when the stock market was near its peak, the SEC abolished a 70-year-old uptick rule, put in during the Depression that followed the 1929 market crash that allowed short-sellers to come in only at a price above the highest current bid for the stock. Investor confidence was shaken as the market plunged in the fall of 2008 and proponents of restoring restraints said they were needed to prevent abusive trading. They maintained that the absence of the rule fanned market volatility, prompting bands of hedge funds and other aggressive investors to target weak companies with an avalanche of short-selling.
But opponents said new restrictions could eliminate the benefits of short-selling — bringing capital into the markets and accurate stock prices to the surface — and actually hurt investor confidence.
Last July, the SEC made permanent an emergency rule enacted at the height of the fall 2008 tumult that targets so-called "naked" short-selling — when sellers don't even borrow the shares before selling them, and look to cover positions after the sale.
The SEC rule includes a requirement that brokers must promptly buy or borrow securities to deliver on a short sale.
Brokers acting for short-sellers must find a party believed to be able to deliver the shares within three days after the short-sale trade. If the shares aren't delivered within that time, there is deemed to be a "failure to deliver." Brokers can be subject to penalties if the failure to deliver isn't resolved by the start of trading on the following day.
IMGG information. You can clearly see who the top Market Maket is for IMGG just look at the volume. I hope this link works.
http://www.otcbb.com/asp/tradeact_mv.asp?SearchBy=issue&Issue=IMGG&SortBy=volume&Month=1-1-2010&IMAGE1.x=22&IMAGE1.y=7
Are you serious! As long as you have been in this security you actually believe the average JOE is permitted to short this penny stock? You need to reevaluate that statement. The Market Maker is in control. Have no doubt who controls the price fluctuation short or long!
Best post I have seen here in a long time!
Joe, now thats funny I dont care where your from.
SHAKA Quote "If you ever have a question on it feel free to let me know, I have no ego only a mild temperment."
I have stated my point of view to you and the administrators. Your post are in the archives. I do not feel you have represented what IHub intentions were. I beleive this was intended to be an open forum for all including the moderator. I feel you have abused your position.
Shaka
I will quote your statement from post #9789 "I will do what I can to enforce the rules and at the same time try to be as "out of the way" as I can be."
SHAKA I take your word as a man that you will stand true to your statement.
Long IMGG
Shaka
I Thank you for the invitation to join IHub. I honestly considered a full membership. I respectfully decline. Why: When I came to this forum I was seeking others opinions good or bad. Maybe I missed something in my DD,I thought I would find my short comings from others here. What I have found at this forum is censorship. It seems to me any point of view posted in this forum that does not fit in a very narrow range gets deleted or met with a formidable opposition from some. I use the word "some" very carefully. I have a hard copy of the rules and have taken them to memory almost to the point I can quote them.
Long IMGG and still holding.
Since the moderator subject has come up on the IMGG board so many times, I downloaded the definition for all to read. Please all read this. Its not off topic due to the discussion currently taking place.
Moderator:Definition: cautious, sensible
adj.
Being within reasonable limits; not excessive or extreme: a moderate price.
Not violent or subject to extremes; mild or calm; temperate: a moderate climate.
Of medium or average quantity or extent.
Of limited or average quality; mediocre.
Opposed to radical or extreme views or measures, especially in politics or religion.
n.
One who holds or champions moderate views or opinions, especially in politics or religion
For those that have not signed up for the updates from IMGG.
Imaging3 is pleased to announce that Dean Janes will appear on MoneyTV.
The interview will air on most cable and satellite stations, beginning Saturday, January 30, 2010. The show can also be viewed at www.moneytv.net, beginning Friday, January 29, 2010.
If you have any questions, please contact Investor Relations by e-mail or by calling (800) 900-9729.
Sincerely,
Investor Relations
Imaging3, Inc.
Burbank CA 91505
(800) 900-9729
info@imaging3.com
www.imaging3.com
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, 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 and potential product liability claims, and other factors detailed in reports filed by the Company.
We apologize for any inconvenience. If you would like to be removed from this mailing list, please reply to this email with the subject line “Unsubscribe”. Thank you.
Kinlaw
I disagree on the no news to a certain point. The alerts were triggered. I received one. Secondly Dean is appearing on Money TV. People are speculating that there will be something positive come from this. I think the Money TV broadcast leaked out. Also the MM taking part in this. I know he has people searching every day for any shred of news regardless where it comes from.
Just a reminder to those that had a diffcult time with losses at .32 We had a great day today. It could go higher. You may think about the exit of your position. Dont let greed ruin your trade.Dont fall in love with any stock.Set your exit and entry points and stick to them. We may see .32 again! Im still holding my shares. In for the long haul hit or miss.Pure Spec play for me.I did not bet the family farm. I invested what I could afford to loose if it did not pan out.
Just my .02
Kinlaw, I agree. Also those that had a diffcult time with losses when the PPS was at .32, this would be a good exit point to keep your losses at a minium. Sell now and dont look back!
Could be post 9619 I'm sure he has lots of friends there! I think the one IOTA of news coming turned this around, at least for now.
Wizard has some good points. Many have bailed and continue to bail. On the other hand all it would take to turn this around is say IMGG published a glowing report from the radiologist that he submited to the FDA and it would turn upward on a dime! Just a mater of time IMO.
I see the bottom comming no later than Feb 12th. Thats when Dean should near the Radiololigst review portion.Any iota of news will make IMGG rise some off the bottom, but we will continue to fall until that point is reached.
Then there will be selling pressure from those that have been so far in the red they will sell to get some losses back. I personally plan to purchase more shares if it hits my target zone.
February 12th .27
Not many boats headed to China these days. Most are headed here! I hope IMGG never sells a copy of DVIS to them! A patient earns nothing there, ask MSFT or GOOG do you think it will change?
Luck has nothing to do with it. The Criteria at the FDA has changed along with personel. February is a key pivot point date for the FDA. Its there in B&W. Read between the lines.
For those in the middle of the process, the previous submissions will be taken into account and they will not have to start the process over again. Now if luck is any part of this , yes IMGG is lucky they are not at the onset of the new revisions imho.
IMO there have been some changes at the FDA. This is a portion of the reason IMGG is where it stands in the process at this point, and others seaking FDA approval. Has anyone read about the changes at the FDA! A key figure resigned with no reason other than the best intrest for both parties? Look for yourself. Dont ask me to do your DD!
They have tapped a long term experinced employee to take charge. I feel this is a good thing for IMGG in the long term.
If I were Dean I would look forward to the day when I never had to make another CC! I felt his pain and stress on the last one!
This is his lifes work and there is no doubt in my mind he will do his best.
Low priority, in the Big Picture!
New here, but I have never heard of that. Every share has the same value if it be 1 share or 100K shares. Please explaine where you come up with the different split by the number of shares you own?
IMGGorBust
My appoliges if I have offended any one. It was not my intent. I have not visited the Yahoo Board, but from what you describe its not good. IMGGorBust my apoligies if I offended you. I only used your quote to follow up with my reasoning of the differances in perception, written,vocal,or visual.
As you stated " Tone is not conveyed well on a message board" well sometimes speach is not conveyed well on a speaker phone without seeing facial expressions. All I know is there were 5 of us listining and we pretty much felt the same. Maybe it was the amount of money he will have to spend, knows it will be expensive, or just stress! But this was our thoughts right or wrong. BTW I have downloaded the CC call and listened to it a few times. Did you notice any thing missing? I did.
No tears here. Have shares and will purchase more when I think we near the bottom. Lots of time imo. Oh, I have not forgotten those restricted shares either.
On the radiologist, I think Dean will take the high road. Find the person that has a good reputation in the field and A wall full of credentials to go with it. He did mention most at the FDA held PHD's.
Well the bottom line is we have a new review team. I think this is a good thing, but in the end Dean will have to comply with any request they have!
I did have serious reservations with the FDA asking where this device will fit into the market. Dean was correct, this is well outside their realm. What recourse would he have if that does not change?
Thank you for your opinion. Do you have any thoughts on the Inertia and Harmonics?
Ease up there Bust. There were 5 of us listening to the call here. This was our interpetion. Does not mean we are right, just our interpetion from what we heard.No twist intended!
I wonder if the Radiologist will be interviewed by the FDA or will a report be enough? Dean also seemed a little concerned with the cost of the Radiologist. They may want a hefty fee to put their carrier on the line.
On the structural integrity "Harmonics & Inertia" they may be concerned with calibration. This unit is portable and will be moved from room to room. Then for example, used to insert a stent in someone’s heart.
Just some thoughts.
Some of the key points I perceived from the CC were:
"We have reached a certain level we can afford on conference calls! There are over 1000 participants here."!!! Some are very long winded. I think he should consider a news letter next time. I felt his pain with some callers.
Dean has moved up to the highest point in management of the FDA and seems pleased with it. I feel from his statements the lower management were unsure what to do with his application. At Senior level of management of the FDA he can put to rest the issue of market forces. The market will determine this factor with no assistance from the FDA.
He put to rest the time frame of 30-60-90 for those in doubt, its 30 Days. He was not sure if it was law or not on FDA response time, but he knew exactly what his time frame was and can file an extension if necessary. The FDA site states "GUIDELINE" a serious CMA statement.
Billion dollar players: " I dint think thats possible, if so I would like to know who to take the BAG OF MONEY TO" In a nut shell he does not believe corruption is occurring here!
"Anything worth having will take time and effort.Kingfisher"
This is to anyone that listened to the Conference Call. Do you think the guy from JOK Capitol was or represented the Market Maker? If not, I bet he was lisiting.......
ah yes those lessons paid for in hard cold cash, They are not soon forgotten! Traders have them or will purchase them at some point in time! I've bought my share over the years. You are not alone!
Dean himself does not belive that collusion is taking place. He stated that. He also stated if it was, let him know where to drop his bag of money off at!
.50 holding now. I guess those restricted shares are coming at some point. Dean seemed unsure of when during the CC due to the way it was written in the filing.