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Penny, again where does POSC Patrick Rooney come into all this?
You are posting on other Rooneys as far as I can tell. Let's stick with POSC personel on this and not other stock companies.
Penny, what am I over looking? I do not see Patrick Rooney of POSC in any of the information for what you are posting. I see you mentioning other Rooney people, but where is POSC's Rooney being included in there?
Rick, welcome back to being a Mod on here. :)
dwh, I just acquired a Daily Short Volume Report on POSC and I did not see anything that shows short shares covered. I have a query in with the website to see if this information is available. I will let you know what I find out.
dwh, I just signed up as a member.
Would you like access to the information?
dwh, If you ever find out, I would sure love to see it. I will try to search around some tonight to see if I can find anything.
Penny, I mentioned those files on the site in my prior posting using the same link you listed and that the original poster name used on here.
I also mentioned that it was not Rooney who was behind based on what I link posted in my message. Did you even look at what I posted to see who was behind the site creation?
And for the last time I will say this, how would anyone even know about those files on that site that is not working, yet alone who would have created those files that seem to have been put on there and oh by the way I have proof to show on Rooney? The site was original created for another reason and not Rooney if you do the research on what the business was claiming they were to be doing.
Enough TS.... TS... TS....be gone... be gone.... be gone
dwh, do you have any numbers to reflect what was covered?
In my opinion it is really hard to say how the numbers can be looked at except for maybe day trading. Shares can be shorted and covered in the same day, or one of more days. With these low trading volume and the very low price we are at, I do not see any of these shares being shorted for any long term benifit more than I do in possible day trading. Which in itself may lead to some inside on the MMs or a day trader somewhere.
Joseph G. Oliverio resigned as Director and Chief Executive Officer of the Registrant
(Ok, so not from Positron, but from Imagin, but wanted to make you all wonder. :) I do find the timing interesting.)
http://biz.yahoo.com/e/100604/imgm.ob8-k.html
Form 8-K for IMAGIN MOLECULAR CORP
--------------------------------------------------------------------------------
4-Jun-2010
Change in Directors or Principal Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Agreements of Certain Officers.
On June 3, 2010, Joseph G. Oliverio resigned as Director and Chief Executive Officer of the Registrant, Corey Conn resigned as Director and Chief Financial Officer of the Registrant and Neil Sy resigned as Director of the Registrant.
On June 3, 2010, Patrick J. Rooney, Ghassan Barazi and Nicholas Anthony Havercroft were elected and appointed to the Board of Directors of the Registrant. Also on that date, Mr. Rooney was appointed Director of Corporate Development and Mr. Barazi was appointed the Registrant's President.
Patrick J. Rooney, 70, Chairman and Director of Corporate Development. Mr. Rooney is a co-founder of the Planet Green Bottle Corporation and has served as its Director of Corporate Development since 2008. Simultaneously therewith and since 2004, Mr. Rooney has served as Director of Corporation Development for IMAGIN Diagnostic Centres, Inc. ("IDC") a Canadian company which is a pioneer in imaging-based cancer, cardiac and neurological disease diagnosis. Mr. Rooney became CEO and sole director of IDC in February, 2007. Patrick Rooney has a long career of founding and funding early stage technology-based medical and environmental companies that have a purpose of making a contribution to the health and well-being of society. Historically Mr. Rooney has completed approximately 150 initial public offering (IPO's) and/or reverse mergers. Mr. Rooney was the control shareholder and CEO of an office services company Services Resources Corporation (name changed to Ameriscribe) whose shares were listed on the N.Y.S.E. and was sold to Pitney Bowes.
On September 27, 2007 the Ontario Securities Commission alleged that Mr. Rooney and IDC traded in securities of IDC without registration. Mr. Rooney and IDC have opposed the allegation. After a hearing, a decision has not yet been rendered by the OSC. In 1987, Mr. Rooney was charged by the United States with tax evasion and signing a false tax return for taxes due for the taxable year 1983. At trial Mr. Rooney was acquitted of tax evasion and convicted of signing a false tax return. The amount of tax unpaid as calculated on his 1983 tax return charged in the offence was $9,000. Mr. Rooney paid taxes in excess of $800,000 in 1983 and it was demonstrated at trial that Mr. Rooney in fact overpaid his 1983 taxes therefore an acquittal for tax evasion resulted. In 2001, Mr. Rooney settled a civil case with the Securities and Exchange Commission on alleged insider trading, without denying or admitting wrongdoing and agreed not to conduct activities paramount to operating as a broker/dealer. Mr. Rooney agreed to a settlement which included return of profits and penalties in an amount of $1,800,000.
Ghassan Barazi, 46, President, Director. Since 2007, Mr. Barazi has served as the CEO of CARE Imaging Centres, and CI Pharma, both companies involved in performing PET (positron emission tomography) scans for cancer patients. Mr. Barazi, a mechanical engineer, started his career when he formed Cad Venture, a company specializing in computer aided design for the mold, and tool and die industry related to the automotive manufacturers. He redirected his career to the medical business as a co-founder of The Windsor Laser Eye Institute. Barazi helped launched ICON Laser Eye Centers Inc. in Canada in 1995. ICON became the fastest growing Lasik Company in the world, boasting more than 40 centers in Europe, Canada, and the USA. Mr. Barazi established a marketing concept around "The War Room" a centralized call center, backed by a web-based driven patient acquisition methodology and value pricing. Mr. Barazi is considered a marketing expert especially in the segment defined as the retail medicine industry.
Nicholas Anthony Havercroft, 45, Director. Mr. Havercroft is a co-founder of the Planet Green Bottle Corporation and has served as its Chairman since 2008. Mr. Havercroft has successfully established and currently operates various large scale farming enterprises, steel manufacturing business, fruit and vegetable importing and tobacco manufacturing businesses.
===================================================================
This next part is taken from Forbes.
http://people.forbes.com/profile/joseph-g-oliverio/43016
Joseph G. Oliverio
Chief Technical Officer and Director
Positron Corporation
Houston , TX
Sector: HEALTHCARE / Medical Appliances & Equipment
Officer since December 2005
Director and Chief Executive Officer , Imagin Molecular Corporation
Hinsdale , IL
Sector: HEALTHCARE / Medical Appliances & Equipment
Officer since January 2006
40 Years Old
Mr. Oliverio was appointed by the Board of Directors to serve as the Company's Chief Technical Officer on May 14, 2009. From 2005 to 2009, Mr. Oliverio served as President of the Company. Mr. Oliverio also serves as the Chief Executive Officer of Imagin Molecular Corporation, a publicly-owned Delaware corporation, and affiliate of the Registrant. Mr. Oliverio serves on the Board of Directors of Neusoft-Positron Medical Systems Co., Ltd., a joint venture with Neusoft Medical Systems of China that will manufacture the Company's PET products. Prior to joining Positron, Mr. Oliverio was the Chief Operating Officer of Michael E. Merhige, M.D., LLC, a renowned coronary disease reversal and prevention center. Mr. Oliverio earned an MBA from the University of Phoenix and a BS in Nuclear Medicine Technology from State University of New York at Buffalo, and is a certified nuclear medicine technologist. Mr. Oliverio has performed more than 13,000 combined heart and cancer PET scans using Positron devices and brings to the Company a valuable combination of business, clinical and technical skill sets.
Compensation for 2009
Salary $150,000.00
Bonus $0.00
Restricted stock awards $0.00
All other compensation $0.00
Option awards $ $0.00
Non-equity incentive plan compensation $0.00
Change in pension value and nonqualified deferred compensation earnings $0.00
Total Compensation $150,000.00
IMAGIN Responds to OSC Allegations
For those that said this ties to POSC in this article, will you please show me what you are referring to from your previous comments?
http://www.newswire.ca/en/releases/archive/October2007/03/c8320.html
IMAGIN Responds to OSC Allegations
TORONTO, Oct. 3 /CNW/ - IMAGIN Diagnostic Centres, Inc. (IMAGIN), its
CEO, Patrick Rooney, (see press release on IMAGIN website published by IMAGIN
in June, 2003) personally and its lawyers strongly disagree with the Ontario
Securities Commission (OSC) as it relates to their interpretation of the rules
regarding solicitation of investment from accredited investors in Ontario.
IMAGIN believes that it has operated using the accredited investor exemption
from registration in that its employees raised capital only from accredited
investors, largely physicians and business owners, most of whom are concerned
about the plights of Canadian cancer patients. Since November 30, 2005, all
but 1 accredited investor solicited, lived outside of Ontario.
IMAGIN owns and operates the CARE Imaging PET (positron emission
tomography) Scan Centre (www.careimaging.com) in Mississauga, a pioneering
private medicine clinic introducing the gold standard of cancer diagnosis to
Ontario called a PET scan (www.petscaninfo.com) and is a major shareholder of
the Vancouver PET Scan Centre. In the USA and China, IMAGIN thru subsidiaries
and a joint venture with a major Chinese medical technology partner is
developing leading edge PET technology which is targeted at early diagnosis
using proprietary organ-specific PET scans for prostate and other cancers and
is developing unique PET solutions for the diagnosis of cardiac and
Alzheimer's diseases.
The OSC has a unique interpretation of the rules of raising seed capital
from accredited investors as defined in the harmonized provincial securities
regulations. Young, state-of-the-art technology companies, in the opinion of
IMAGIN, are often forestalled from raising capital in Ontario by the OSC
interpretation of the accredited investor exemption. Ontario operates
differently than all other 9 provinces in that only Ontario has securities
regulations which do not recognize the offering memorandum exemption. The
offering memorandum exemption allows eligible investors in all provinces
except Ontario, the opportunity to invest in private placements for young
companies domiciled in their province or in any other province. Many of these
early stage companies develop and introduce breakthrough technologies and
concepts which improve the world that we live in. Because of the OSC's rule
interpretation, IMAGIN began in 2005 to terminate about 100 Ontarian
employees, some with handicaps and otherwise unemployable, and has now
completed a total move of its corporate offices out of Ontario to British
Columbia.
Patrick Rooney, CEO of IMAGIN stated, "I personally look forward to a day
in front of the OSC to address their allegations. In 2006, IMAGIN was forced
out of Ontario by an OSC rule interruption that in our opinion doesn't work.
The new securities regulations were finalized on November 30, 2005. From that
date forward IMAGIN sold only 1 Ontario resident who was qualified by IMAGIN
personnel as an accredited investor after November 30, 2005. That investor
acquired $5,000 of IMAGIN equity. All remaining $3,495,000 in Ontario was
raised under the old rules. IMAGIN focussed only outside of Ontario after
November 30, 2005. IMAGIN has saved or extended the lives of over 100
Ontarians with or expected with cancer. Where a cancer patient had no means to
pay, IMAGIN subsidized them. We became OHIP. We never turned a patient away.
We are hopeful to continue to operate CARE Imaging PET Scan Centre in
Mississauga as Ontario's only private PET scan clinic and to be able to help
Ontario's cancer patients in their fight to live. PET scans are not
reimbursable by OHIP and exist only in limited clinical trials at selected
Ontarian hospitals. One cancer hospital, MD Anderson of Houston in the USA
does more PET scans in 10 days than Ontario does in one year. If IMAGIN
abandons Ontario only those cancer patients that can afford to leave the
province of Ontario and travel to the USA, BC, Alberta or Quebec, will have
the opportunity to have a timely PET scan which may help extend their lives.
Furthermore, IMAGIN is on the leading edge of developing state-of-the-art PET
technology for the diagnosis of cardiac, cancer and Alzheimer's diseases all
for the benefit of its shareholders. As they say, Ontario is a great place to
visit but I wouldn't want to build a company there. In future years, young
companies that need seed capital will only be started in provinces outside of
Ontario. As it concerns both private health care and securities regulation,
it's like Ontario has Prohibition at least we know one day it will be
repealed."
About IMAGIN
IMAGIN Diagnostic Centres, Inc. is a developmental stage company
dedicated to being the leader in bringing PET (Positron Emission Tomography)
and PET/CT (Computed Tomography) technology to Canadians. IMAGIN has
significant strategic investments in Positron Corporation (POSC.OB; NASD
Bulletin Board), International PET Diagnostics, Inc., CareImaging Crop., etc,
as well as other PET centres or radiopharmaceutical companies at various
stages of development. IMAGIN's corporate offices are located in Vancouver,
British Columbia.
For further information: Patrick Rooney, CEO, IMAGIN Diagnostic Centres,
Inc., prooney@rogers.blackberry.net
A.G. Becker was sold to Merrill_Lynch in 1984.
How there can be a website, yet alone documents from 2009 is beyond me, but the last item here may explain why it was created.
In Florida, just because a so called business name was created does not mean a real business was started up.
I dialed their phone number(561-776-3703), I get a message saying that phone number does not exist.
Link from the Florida SunBiz.org website on this so called company name. After seeing this it makes me even look at who created this as more a real scam operation in my eyes.
http://sunbiz.org/scripts/cordet.exe?action=DETFIL&inq_doc_number=P08000043279&inq_came_from=NAMFWD&cor_web_names_seq_number=0000&names_name_ind=N&names_cor_number=&names_name_seq=&names_name_ind=&names_comp_name=AGBECKERFINANCIAL&names_filing_type=
Unmless someone can show me the existing documents from a real company from today, I am taking all of this as a scam, at least in my opinion. I could be wrong, but so far more things are only pointing to that side and no were to the good side to validate anything.
Always good to taske profit when you can, instead of losing it by holding too long. Each has to decide when it is right.
The website link you are showing that document on is on a site that appears to call itself a banking firm, yet on the site you can not do anything at all to see anything. Even their Home link is broken.
I find it odd that 3 documents are found there not accessible though the website. 2 on what you linked here and one for another company.
How did you find this document on this site that is not up and working? I did a google on this document and the website you posted is the only place it is found.
Thank you for the comment, but I am not looking for Sykes' information.
Once again board as I said his old id left this board and (a) new one(s) turns up.
I was asking for the person(s) who made that comment to post the site links to the information and have yet to see anything.
So far I have only heard acqusations from those that seem to know or is Sykes and nothing more. Again I want to see the hard facts that were being touted here before I believe what they said. To me this all just sounds like it did back when Sykes was using the old ID of dumping.
You are right, I stand corrected. Thank you. I just saw all your names on the same line and just pulled them all together as Mods on here.
Thanks for correcting me, Rick.
I am holding 220K shares on this one.
I do not know where that "he wished it too" was being used.
Yes I would agree he is both, but as a Mod I think one needs to be a little more careful in how someone may interrupt what is said. I do not think Rick was really wrong, but I can see how someone may take it as a personal attack. Here again, personal attack is very subjective to one's point of view. As I was surprised the one person I know that was banned for about a week here for what he said, I saw no offense at all in what he said, but I did take offense in what someone else said that did not get banned at that same time.
I am just expressing my thought was all in how the other person maybe was seeing it is all.
I only have 3 more postings available today so I may not be able to say much more.
Rick, I understand and it happens to all of us. I have only known of one person who has been banned on here myself. Whoever did the banning I have no idea, and I believe you.
rick, I think what he may be saying in one aspect, and this is just my opinion and not saying it is everyones, that as a post member on this board we usually would expect the Mods to have more of a non-abravise response to posters comments. I am not saying you should not give your opinion on responding to a post, but maybe word it a little more diplomatic as a Mod. I know I can be abrasive at times myself. I hope this came out ok as I do not mean to be sounding rude, but more of my obsercvation in those latest comments. I no longer have Private posting capabilities, otherwise I would have posted it that way.
I would not take stock into what TS is saying. I want to see the hard facts and not what a shorter is trying to push to have someone else sell their stocks off. I want to see the black and white on the companys and the ones running it in what is posted by the sec or such. Anyone can talk until they are blue, but I want to see those official documents.
Some may want to read about my TS comment earlier.
Since you came to this board, you seem mostly negative in what you have said. Are you a holder of this stock?
OK, I thought you were selling off shares due to that some of the executives and directors may be preparing to sell some of their shares at a much high pps. As for me I would rather hold on to my shares and sell higher like you are feeling some of the executives may do than to sell at a lower price that we are at now.
Which companys do they run, and what at their names that owns those large shares?
My broker shows this as news for Positron Corp also, along with the one earlier posted.
I can only hope that someone will partner with Positron Corp before all the players are taken.
From the 10K report at end of last year, if I understand correctly, all the Directors and Executive Officers could acquire could exercise their right to acquire about 11.8 % of the Outstanding Shares of this company's stock. Now that today's total Outstanding Shares is greater then end of last year, that brings the percentage down to be maybe 6% now, which to me is pretty small compared to the larger stakeholders in the company.
As for me, I like to know that the Directors and Executive Officers want to take ownership in the company if they execerise their rights to become a bigger partner into the company.
If I am understanding your comment correctly, that by shares becoming exercisable as of this moment in time since 60 days has already lapsed, then they possibly may be looking at wanting to sell shares during a jump in pps to take advantage of a partnership.
I also found it interesting if not too coincidental that A WHOLE CRAP LOAD OF the options for RIDICULOUS NUMBER OF SHARES granted to Directors, Director Nominees and Executive Officers "are or will become exercisable within 60 days of March 31, 2010."
I find it oddly interesting that almost to the day that Sykes stopped posting on here with his user id that we were accustomed to, that a new user id was created and started on here. Just something I wanted to share in my research and wanted to share.
For those like me that wants to see the actual articles where quotes are taken from, here is the link to the site mentioned in the link posted.
http://www.timothysykes.com/2010/04/2-questions-for-biomedreportscom-regarding-positron/
Someone should contact BMR and ask for a follow up on those stores. Hopefully Garza can elaborate more on what is happening with POSC and COV.
Completely agree about flow of news impact, or lack of it lately.
Before when news on this company was coming out about every other day, this stock was pushing nicely to where it needed to be. Now that the company is not having any updates on their company's status, even if they can not tell everything, is causing this company to lose actual potential in my opinion, which will hurt in the long run. If Positron can go back and keep updates coming out then we can see this company do much better imo.
I agree. To me the interest in this stock is mostly gone for now, and any days of the market ralling will take more money away from here. I think if we do not get any news on the partnership this week, we will see sub .10 for next week.
I was afraid this may happen when no news was announced by POSC or Covidien as of yesterday's releases as most were expecting I feel. Most trades occurring within Selling Volume. I think we already reached yesterday's full day trade volume in the first several minutes of trading this morning.
Everyone has a different meaning on what short and long means. As for me in being able to put food on the table for family is what is considered long. So at most 4-6 months.
With this company's 'a month or so' announcement due, I think waiting 2 months would be considered long in my opinion to have the announcement put out. I can not see waiting 2 years for an announcement to come out to hit the anticipated price.
I do understand what you are saying. I am just giving you my persepective on it in being a person who has lost their job due to the economy and unemployment in my area being high.
Ok, I thought that was your comment.
Now I wonder how he meant 'It should'. Could be meant in a good way or may have meant it in a bad way.
Hoping the downward slide comes to a stop today to where we come to a close at .12 or higher and we can finally push back upwards.
Billy, It will be interesting to see how Rooney responds back to you. Thanks
Do you mean this one? http://www.ibj.com/positron-has-billiondollar-hopes-for-medicalimaging-scanner/PARAMS/article/20211
Positron has billion-dollar hopes for medical-imaging scanner
A maker of medical imaging equipment that recently moved its headquarters to Fishers has grand plans to reach $1 billion in sales and build a multimillion-dollar cyclotron facility in five years. But history shows Positron Corp. has been far better at losing money than making it.
I see 4 articles... which one?
1) Anti-development property owner gives homestead to local land trust
2) April increase in construction spending largest since 2000
3) Indiana BMV OKs 11 new specialty license plates
4) EnerDel parent lands $65M investment
Billy, this is just my opinion. I do understand they are different but with the previous POSC PR from BMR with COV being the partner.
With POSC holding off on their announcement until the other company was able to give the go ahead in two weeks to a month or so; and with BMR announcing it was COV in a previous PR; and with COV now coming out making their annoucement; I think if new PR does not come out on POSC and COV today on their supposed BMR announced deal, then I think we will see people selling off their shares causing the price drop.
Good for ev3. I hope by 1PM something is said about POSC and COV since COV was the announcment by BMR with POSC.
As how this morning looks like we may open, I think we may see below .10 on 6/6 if not before if no news comes out about the partnership.