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This is the only way Dean can keep this stock going without any direct questions from investors. Give PR every six weeks, state that approval is imminent, he is not selling any of his stocks,he will use his prequalified personal loan til approval and not raise any $ on a secondary offering.
Instaed ,Dean pocketed 2 million dollars (2.6 Mil x $.80) a week after FDA resubmittal crashing the value of the stock from .84 to .32 and turned around and raised another offering. Smart man , we all been taken to the cleaners.
If that was the case Dean should be already in the slammer for stating in his Feb 2010 PR :
1-Dean said: I have personal loans to carry IMGG till FDA approval, INSTEAD he raised $ yeaterday by deluiting the stock.
2- Also Dean said : I am not selling any my stocks because I beleive in this comapny and its future, INSTEAD he sold 2.6 million shares crashing the value from .82 to .35 killing the resubmittal rally.
Facts are the SEC does not care about small caps or penny stocks CEOs..
Sure, tomorrow at 9.55 AM to be exact.
Really, is that why he sold 2.6 Mil shares right after he resubmitted the package to the FDA? he must really have a lot of faith in his resubmittal..
On a 540K volume ??? i dont think so.. it is probably Dean or buddys buying the 200K shares at the last minute as soon as he started reading the postings here, about his pump and dump practice..Aslo, that is all you all got regarding his lies staring you stait in the face?? LAMO
He sells his stocks after he immidiallty submits his package to the FDA??? you also need to go thru his last five PRs and listen to his own words regarding selling his shares. IMO He is allowed to sell whatever he wants but timming is important and he does not have to lie to investors strait in the face ...
Fault of the FDA????? Dean sells 2.6 M shares right after he resubmits his package to the FDA on Feb 2010 shows no confidence in his filling , he already knew that this package will not get approved otherwise he would have waited like most investors here. He bluntly lied to all of us in his PR's that he will not sell stocks, go thru all of his PRs ...
wow, didn t Dean say that he is not selling any of his shares over and over again? also, he sold 2.6 M shares right after he submitted the FDA package?
I hope Dean will take adventage the request of the SEC to incease the board numbers to 7-9 by getting some REAL doctors (surgeon), radialogist, medical field analysts and does not turn this opourtunity into a fiasco by getting his silk suits buddys with questionable reputation into this already troubled stock..Cheers
it can go both ways but the abiltity to turn this stock to 200-300 prct profit is out the window, the company owes so much money and the regular joeblow driver voting on the new proposal does not care about the finances of the company. most RS end up with big losees. In the case of AIG RS it was a time when junk stock were rising along with FNM and FRE..I hold a small amount of shares and I am not very optimistic and I am not sure i will get back to 40% loss. I di not see this stock going aboove $10 soon..
We can argue all day about the situation at IMGG, but the bottom line that sotck has lost 75% of its value (.85 to .25) since the last concrete submittal and there is a lot of reasons for that..
stock lost 40 Prct of its value in two days, rumor says that the union does not like the new deal that is causing the CEO to quit, if they reject this offer, BK will be knocking. It is a gona be a tough month..keep this stock on a short leach...
Good work BT, I would aslo like to add most of the CEOs will even call you back, in IMGG case you have a better chance to get hit by lightning then have Dean himself call you back.There is nothing transparent about IMGG.It seems like that there is an excuse for everything.
it wasn t confidential before the last submital about a year ago. He clearly stated the questions of the FDA. You' ll praise Dean and IMGG to be so transprent, but here is why I desagree:
There is a 3D instant imaging machine but we cannot see it in action
Nobody knows the latest questions of the FDA
Dean states that he is requesting additonal shares to avoid takeover while the comapany balance is almost in red.
Just say it the way it is Dean, there is nothing wrong with raising cash, every comapany does it.
He refuses to allow any experts in the medical field or media to look at the product, he refuses to get help from FDA submital experts. I can keep on going on and on. Cheers
Kimble
Did you see the PR that just came out? it is definitly bad news adding millions of shares at .0001, aslo why increase the board from 2 to 7 or 9 so they can get millions of free shares at our expenses?( I hope Altounian is not one of them), cheers
Just out from IMGG:( NO BUENO, delution,delution,delution)
Notice is hereby given that the 2010 Annual Meeting of Stockholders
("Annual Meeting") of Imaging3, Inc. ("Imaging3" or the "Company") will be held
at 10:00 a.m. Pacific Time, on Tuesday, November 30, 2010 at 3200 W. Valhalla
Drive, Burbank, California 9150
At the Annual Meeting, you will be asked to consider and vote upon the
following proposals:
1. An amendment to the Company's Articles of Incorporation in
order to increase the number of authorized shares of common
stock from 500,000,000, par value $0.001 per share, to
750,000,000, par value $0.001 per share, and to authorize
1,000,000 shares of preferred stock, par value $0.001 per
share.
2. An amendment to the Company's Bylaws to increase the size of
the Company's Board of Directors from two (2) to a range of
five (5) to nine (9), with the exact number of directors to be
seven (7).
3. Provided the amendment to the Company's Bylaws is adopted, the
election of three members of the Board of Directors to hold
office until the next annual meeting of stockholders or until
their respective successors have been elected and qualified.
If the amendment to the Company's Bylaws is not adopted, then
the election of two members of the Board of Directors to hold
office until the next annual meeting of stockholders or until
their respective successors have been elected and qualified.
4. Ratification of the appointment M&K CPAS, PLLC as Imaging3,
Inc.'s ("Imaging3") independent registered public accounting
firm for the fiscal year ending December 31, 2010.
5. The transaction of such other business and act upon any other
matter which may properly come before the annual meeting or
any adjournment or postponement of the meeting.
WOW this report states that there will be an increase of 500-750K when is it coming? ( thanks AT for the report)
At the beginning of last month the annual meeting of the shareholders was appointed and it will take place this Thursday. Among the most interesting for investors issues to be voted is the increase in the number of shares authorized from 500 million to 750 million. This only confirmed that the company needs to raise additional capital and has no other opportunities to do this but to sell shares of common stock and dilute its shareholders. Moreover, the capital seems to be needed not for the business to grow, but to survive.
During this year's first quarter, the company had more than 40% less cash than the same period last year, revenues declined by 18% and respectively the net loss increased to more than $430,000. According to the management, there is now less cash, among other things, because debt has been paid out, though the liabilities have decreased only insubstantially. Thus, it seems that Imaging3's business with the currently marketed medical equipment parts and belonging services is getting even more unprofitable.
Bust
Dean has specifically told us in the past the FDA questions, except the last few months , he became illussive and vague since he requested an extension for the resubmittal while he was raising funds for a new venture and got eaten alive by shareholders complaints.
Instead of having a newbie sending emails to congress and newspapers, he needs to find out what is the cause for the delay and only Dean has the response to that question.
i applaud your effort, but before heading on a wild goose chase don't you want to hear from the CEO what are the excact questions from the FDA?
why? if the union members don t approve the plan in 30 days, they will file BK. All ballots were sent out yesterday..
we are on the same page, RS is never good even in the case of AIG as some like to point out, the stock got hammered for a week after the RS then it turned around.If lucky it might happen to YRCW , Get out now and buy later , it is the smart thing to do.....
Thanks Borntwice, it did happen check your notes regarding the cancelled shareholders meeting. I don t beleive i need to tarnish Dean's reputation and I will not be interested in doing so, Dean's reputation is hanging by a thread since evryone is so confused about what the heck is going on as of late. deadline no deadline, shareholders meetings or not, fda requests or resubmitalls, 3d live images or a prototype, also regarding Dean's reputation I will let Altounian take care of that. Cheers
Thanks for the info, at least Dean learned his lesson to play by the book instead of trying to raise shares without shareholders approval as attempted a year ago and stopped by the SEC.
wow , what an analysis!!!! can you please explain to me what does DGMA actually does other then the BS analysis of applications to non existing company through out the world?? Thanks for your response.
Down 20 prct now, excpect downturn for the next five days then buy..dont touch it now...
I am saying the owner a crook that is running this business out of his condo in Toronto that pumps and dumps thru his PRs pretending doing business with never heard off companies in BFE. There a reason he moved out of seattle..you want to play this stock keep it on a very very short leach..call him...bueno
Yes Ki Seigin may come out with another BS PR regarding some business in mongolia or BFE that no one can check.He probably made so much money on the last run that he is taking a break til he spends it all, easy come easy go then the BS will start all over again..my prediction is .0001 then RS , then SEE YA. Call him 416-8338546 and let him know that you he cannot BS a BS r..GET OUT
I am inquiring on the nature of the last questions to determine if the questions are minor or a resubmittal. no one seems to know.
refering to the Russian , i don t recall his name ,so Russian IT dude from Cal Tech seems like a good desciption. Maybe we can give him a nickname like Fido or something! actually , he told me that he was Canadian but who cares. cheers
This goes back to the same questions on and on:
What are the FDA questions? where is the transperancy that every IMGG supporter brags about?
And if Dean took his programming and secrets offsite , what is the Russian computer wizz from cal tech doing in the warehouse?playing nintendo?
I agree, they told me ahead of time, cheers
i am not missing much , it looks like its is still on the market acording to their website. anyhow, thanks for your response, do you know the dollar value of every unit?
check this out Metronic 3D imaging( at medtronic.com)
The O-arm Surgical Imaging Base System approved by the FDA.
What is the difference? wall plug? radiation? price? etc...
It looks exactly like IMGG machine, am i missing something here?
Hello Chevyman
That is the million dollar question. IMO we need someone credible to step foreward to attest that they saw the live 3d images, or Dean needs to come up with a new video. I visited the facility and I was told beofre I arrive that they will not show me the 3D instant images. I beleive that Dean demonstarion video hurt the company more then anything and it the cause of the decline of this stock. Cheers
Dido Borntwice, I have been asking two questions for ages, anyone seen the 3d imges live and what are the FDA questions. Two simple questions and all I get in return are reverse psychogy response and off the topic nonsense. I would appreciate anyone s help if they can respond honestly . Cheers
Drpolk
Thanks for you long response , no one is questioning your accomplishments since most of us don t know you , now can you please let us know if you have seen the live 3D instant images in action, thanks again.
drpolk
You are a huge suporter of IMGG and a friend of Dean.Have you seen or can you attest to the live 3D instant imaging ?(unlike Dean s presentation,I am looking for a live 3D instant imaging as adverised) I appreciate your prompt response, a yes or no will do..(3rd request). Cheers
Great question TH, does anyone knows what are the excacts questions from the FDA ?? Dean seems so vague in his last two PRs.Thanks
unload this POS, I called Ki Seijin , the CEO has no clue and he told me that he runs a construction company. 416-8338546. He puts out PR s on companies in the four corner of the world so we cannot check the sources of his pump and dump thru his PR . He has many fraud business, LLTP,he is a producer,he own Madrona ventures etc...GET OUT..
Does anyone knows what is the outsdanding debt on the company? i beleive it in the billion also how many shares did they give away within the last year to the depth collectors, teamsters and bonuses.My understanding that they owe more $ then they have assets. It will be helpfull if anyone knows , thanks
Thanks for your response, so it is concept and it is not operational as you confirmed.