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.
Im sure that will turn out to be the right play Madtig. Sorry this didn't take off for you, but you still made some nice profit. I hope you check in from time to time, as I assume you will still take a peak at this saga once in awhile, but good luck in whatever you do!!!!
I tend to agree here that MWE was thrown out there like a carrot, and we know absolutely nothing about what their true involvement is. They would have to be very pricey, but I am sure some creative payments could be made, but I also have a feeling their involvement is not as continuously hands on as some would love to believe here. I would love to believe it too, because we have seen the result of Dean trying to get through the FDA process solo, and it was a disaster in my opinion. How do you know up front what they will require, and then just give them whatever you want?
Similar to the DVIS' capabilities, nobody here knows exactly what MWE is working on with Dean, since the term "working with consultants" can mean so many different things.
But you didn't see the DVIS perform realtime 3D did you Lobcrab? Don't feel bad, because nobody else has either, in my opinion, unless you believe the theory that all these companies out there have signed NDA's.
If it were anything else, amazing information regarding technology like this would leak out for sure!! We're talking "game changing, revolutionary" technology that allegedly has been confirmed and witnessed, and it is the best kept secret EVER!! I don't know what the verbiage was in those NDA's, but that is impressive.
You know what Mine, he just may do that, because there is no chance for open questioning from shareholders in that format, but I doubt it still.
One thing I am extremely confident about is there won't be any more CC's unless it is to announce SE of the DVIS. The only way I see it happening, is if is set up for informative info, and that's it. No way do I see Dean conducting any live question / answer session any time soon. Can't say I blame him, and if by chance he does, you can bet the farm I will attempt to call in, because I have just a couple questions for him.
They have a shot if they are given the tools to be successful. Having the relationship that MWE allegedly has with the FDA is fantastic, but won't mean a hill of beans if they show up without what the FDA has already spelled out needs to be submitted to get approval.
If you send a gun-fighter to the fight with a pea-shooter, it doesn't matter who you send at that point. This is it for the DVIS in my opinion. Dean either has what they are demanding or he doesn't.
Knowing he knew the last time what they wanted, but failed to produce it, logically leads me to believe he didn't have it. Does he now? Well that's the 1.5 billion dollar question isn't it??
Add to that, much more recent times, the CEO stating on a CC it performs as advertised, and is ready for production, and he can't understand why the FDA has rejected it, while holding the NSE letter in his hand, which has item after item detailing exactly why they rejected it.
Never fear folks. MWE is on the payroll now, and they are just going to blow threw the FDA office, and there may be news of approval before they even get to their cars. With their experience working FOR the FDA, apparently FORMER EMPLOYEES can just get whatever they want, regardless if they can produce what has previously been requested and not submitted.
From my seat, it really won't matter much who is sitting at the table, and who is representing IMGG, if they do not have what has been demanded to get this passed.
Many here believe MWE is the answer, so for my bank accounts sake, I hope they are right, but I am of the belief you have to show me now. The trust factor went out the window months ago for me.
It would be nice to get some positive news soon, but I am "guessing" we are at least a month away from any new submittal, and maybe even a little longer in my opinion.
That is classic Bcatch. I just had to go back and read those posts from the past. So you had a very long meeting with Mike Nessen, and he gave you a complete demonstration of the DVIS? Wow, that is impressive. If I actually witnessed what you say you did I'd have a lot more at stake than I currently do, that is for sure. Well good for you, I believe you are the only person anywhere that can make that statement without getting in trouble, because I am told everyone else that has done that had to sign a NDA in blood. That was very cool of Mike to give you that privilege. Does Dean know he did that without making you sign anything??
In my opinion Sano has said plenty of silly things here, but never forget Sano performed the best DD this board has ever seen, by successfully getting his hands on the NSE letter, and releasing it for all to see the real reasons for the FDA rejection. For that I am thankful, or I would be still sitting here thinking there were just a couple small issues, and would've never known the truth, as it is obvious Dean had no intentions of revealing what that letter or previous letters contained.
Bcatch, this is not intended as a bash, but I am curious what exactly it is that you know for sure is going on behind closed doors? MWE had Dean remove some verbiage from his filing, and we have not heard one word about their involvement since. I am curious what you know about that they are actually working on, other than us being told months ago they were brought on board. Less than 30 days for approval after re-submission?? Surely you are kidding. I will take that bet.
This is truly a great country! It is ok to say to thousands that the DVIS works as advertised and is ready for production NOW. Another words it is finished. But if you file some "disclaimer" that says you may not be able to complete the "development" that gets you off the hook.
How can you still be working on the development of a product today that you told me yesterday was ready for production and sale?? I am admittedly not the brightest bulb, but I undertstand english.
I also know that in this great country, if you twist a few words around, that leaves some room for interpretation, and lawyers just have a field day with that stuff.
How long will it take for the word to get out to the masses? What are the guesses on SP by end of day?
How is it even possible that you can have the machine works on your web site, and then file that your are not done with development, and not have a shiny pair of handcuffs on???
Dr. Polk, are you willing to throw a time frame out there for re-submission? You had projected mid march some time ago, and we are at mid march, so can any of your independent DD put us in the ballpark for resubmission? I am not calling you out for your earlier prediction, as we all know this process is extremely difficult to nail the timing, just hoping that the perception you give of having some knowledge through your efforts, would be something others could use to boost some confidence.
My guess has been towards the end of April, with no DD to back it up, just a pure guess, thinking that should be enough time.
Locked, you are preaching to the choir. I am just trying to be somewhat nice about the situation. I can say that I firmly believe Dean intentionally lied without all the other adjectives that have been directed towards him. I haven't been silent that in my understanding of the law, I think Dean is potentially in some trouble. But there is no Jury on this board, so who knows what lies ahead with this? (Did I just say "lies ahead"...Sorry)
SMF,if that was you, then yes I tend to agree with that theory, as I can see how it could happen. Humans are humans, and once the train starting rolling to everyone's surprise, Dean may very well have goteen caught up in it, and made a poor decision. At least a poor decision in my opinion, knowing what we know now was contained in the AI letter. He had a lot of people, possibly close to him, singing his praises, and being a human being, he didn't want to run the needle across the record and ruin the party.
I would like nothing more than for both of us and others to get some cash back, and maybe even make a little. Fires, Liens, dozens of law suits, AI & NSE Letters, bogus Conf Calls, facebook nonsense... Even the most optomistic person going would have difficulty backing this right now.
About the only theory that makes half sense to me right now is that Dean in fact was working with great intentions, and he recieved the AI letter when the stock was on the rise big time, and he made a big mistake by not coming clean then and there, and it has since snowballed, but that too is just a theory.
I give it a month and there has to be some update of some kind, and hopefully it will be news that spikes this thing. I need some Alaska fishing money...Ha...Good luck to you!
Phil, I just needed some clarification, and it still isn't exactly all rosy now either. Being a General Contractor, I am well aware of Liens, and it's never a good thing. Thankfully we have never had one executed because we ALWAYS pay our sub-contractors. The hits just keep coming, and I don't now and never have believed that posts on this board effect the share price. The vast majority of shraeholders don't even pay attention to this board, but anyway, it sure would be nice to get some real positive news once in awhile. I would say we have some time to wait for that, if it ever comes.
I am staying right now for one reason, and that is I do think if Dean is able to get the new package together WITH big assistance from MWE, that there will be enough hype to bring the SP up to a much better get out point than where it's at today. I do not think it will be approved, but I do think there will be some money to make for some while the FDA has the package in their posession. I do not think the DVIS as advertised will get approval, but that is just my opinion. Maybe a "version" of the DVIS, but not what Dean has been saying all along that is completed and ready to manufacture.
The silence from the company is almost deafening, but I can understand that too. I would love an update from them with just a new, more realistic time frame for re-submittal, but my guess is we hear nothing until a couple days before it goes in at best.
Great to hear from you Dr. Polk....You had projected end of Feb middle of March for re-submittal. Today is March 15th, so do you have another estimate in mind, or are we just days away?
I am really not very good at investigating this stuff, but man do I look forward to hearing more. You can't possibly tell me that Dean does not own the rights to the DVIS??? Come on!!!
If this is truly confirmed I am out and it's adios for me. Take my losses while they're is still a little something left, and call it a huge learning experience. Enough is enough.
Homer, in what form do you think Dean would be giving that update to investors?
In my really humble opinion, there will never be another CC set up by Dean, unless it is to announce full FDA approval. Not to announce the package has been submitted, the approval itself.
Although I hope it does, I honestly don't think the DVIS is getting approved, so I am predicting right now that we have heard the last from Dean on a live call. I hope I am wrong, but that's how I feel. This whole thing just smells like some rotten meat that has been left out on the counter way too long, and there is no saving it, but we shall see.
Should there not at least be some kind of statement from Dean regarding these $20K a month fees that are being paid? Maybe some dialogue that it is being handled and will not be continuing indefinitely??
Lennygoat,
What was the video demonstration done at the I3 facility then? The walk through and Dean putting his hand in and out of the DVIS with the little dude at the monitor next to him. What was that we watched if not some form of demonstration? You can't have it both ways, and say he can't show it, because he already did, it's just not doing what he says it would do.
Not supposed to get pre-orders either, but he did that too, (allegedly) so which is it? It's ok if he only does a couple things they told him not to, as long as it's not the most important part?
Tigger, you got me nailed pretty well too. I have learned a ton on this ride, and education cost money. And yes, I take responsibility for my actions. If in fact it turns out this was a "scam" as it is labeled, then I did it to myself. Heck, I admit, I root for the bad guys most of the time in the movies, but this isn't a movie. If by chance Dean got carried away, and twisted the rules, but comes out free and clear, then so be it. If he flips this puppy around, and the big guns can ram it home, then great for us all, and you get to go on another trip. If Dean ends up getting caught with both hands in the cookie jar, he will have plenty to deal with, and he will also have done it to himself.
I'm sticking around to find out, but I will always chime in when the poor old Dean made a few mistakes, but he didn't mean to, and what did he lie about, and all that jazz. The greatest thing about this now, is we will find out, and if it's two months or two years, I will still be around for the final chapter.
Madtig, every so often you almost get me to come over from the dark side, but I just can't do it right now. There is just too much about this that stinks like foul play, and I need it PROVEN otherwise. I honestly think your position has a lot to do with your attitude too, having already made some good money off of this, and doesn't sound like much at risk right now either if I undertstand you correctly. I am going to also guess that you have done pretty well in your life, and a nice score would just add to the nest egg, and put a nice smile on your face. Again, I am just painting my own picture, and know nothing about you except what you have shared.
Unfortunately the people that are not in as comfortable of a position as you, or are much younger and "maybe" stuck their neck out and exposed themselves a little too far on this, understandably aren't so fast to forgive and forget. This talk of sure he did a few things wrong, but it was with the company in mind. Or, yeah Dean botched this up, but it was his ego that got in the way. Maybe Dean didn't share all the info he was supposed to, but he didn't mean to deceive anyone.
That's all well and good, but we are going to find out if while all of this was going on any laws were broken. This isn't a kid getting caught lifting a snickers bar, or taking Daddy's car keys for a joy ride with the fellas, this is a grown man that many have deemed very intelligent, and there are thousands of people and millions of dollars involved.
I don't understand judging the people that trusted someone, but giving the person that was trusted the benefit of the doubt over and over. I sincerely hope it's all on the up and up, and I do not condone some of the extremely harsh very personal criticism, but if what is a possible outcome of this saga happens, in my opinion they will have ultinately been within their right to do so. We are getting closer and closer to that answer.
There's no question that has been the case with time frames Sano, and honestly it is kind of to be expected with something of this nature. Dr. Polk confidently estimated re-submittal end of Feb - mid March, so I will graciously tack on 6 more weeks, even though Dr. Polk has all kinds of sources that should make his prediction relatively accurate. If there is not a PR by the end of April regarding re-submittal, you would think the natives will be very restless.
I will also predict right now, we will not hear any word of any more CC's from Dean unless it is for news of actual approval. I would lose a big bet right now that Dean would field questions like he has in the past. uh-uh...no way is that happening.
A question I also have is, if Bogdan's lawsuit is real, which it sure seems like it is, would Dean even be allowed to make comments in a format like that, since his case is pending? Bogdan has been awfully quiet too, so my guess is they both have had duct tape put over their mouth's until further notice. No facts to back it up, just thinking out loud, on a slow day at work waiting to kick off a beautiful weekend in the desert!
Wow, I have seriously seen paint dry that was more exciting than this stock and Board is right now. ZZZZZZZZZZZZZZZZZZZZ
Thanks for the answer Tig. I was just curious what your instinct was telling you. I definitely envy your position, and yes you are pretty safe either way getting in at .06
Of course this is a gamble, but to me it seems like much more of one than it did a year ago. Nobody likes the negative stuff, but the company hasn't really generated anything lately to be preceived as positive news in my opinion.
We will be in April before you know it, and I would think per the projections that the new package should be going in before the end of April, so it shouldn't be "too" much longer. With you being here as long as you have, a couple months will feel like 5 minutes. Good luck
What's your gut telling you Tig. All the BS aside...Give some Tigger odds what you think the odds are of this thing getting approved knowing where we were and where we're at now. No charts, no analysis, just Tig's vast experience shooting from the hip!
Yes this is my only stock, and actually only my 2nd stock ever, so I knew zero, and have learned a lot, and continue to learn. Found out from a former manager at my work, who cleaned up getting in at .03, and was told by his broker to bail at .80 because he had info they were going to have a very difficult time getting approval if ever at all. (funny how he knew that...)
I bought in originally at .90, got some more at .60, and loaded up what I could to average down at .34, and that's where I sit.
This probably plays right into why you asked this Tig, but I really don't know why you're asking. I have stated on here many times, and you can look back on my earlier posts, that I was a definite supporter of this and defended Dean plenty, up until I soured on his outright failure to tell the truth, about what I believe was the most important information there is since the day I bought the first share, and that being the Ai and NSE Letter.
When Dean announced that he was bringing in the big guns (MWE) I was surprised, impressed, cautiously optomistic, hopeful, and a bunch more. I really thought we would hear at least some "confirmation" from them directly in some form that it was in fact the case. Not divulge confidential information, or strategy, or anything that needed to be kept private. Just a simple "IMGG Shareholders we are pleased to announce we are joining forces with IMGG. We have a lot to review, and a lot of work to do, but this is what we do, so stay tuned"
Or at least something remotely close to that, but to not hear one syllable from them has had me curious from day one. Now I am sure many will say this is typical, and lawyer confidentiality, and whatever else, but they are not "defending Dean and IMGG" they are providing a professional service. They are not going to court, they are assisting with an approval, which is allegedly their specialty. Why is it so unrealistic to think we would hear just one sentence from them on the record?
Oh well, this will be spun whichever way, but I will say if someone is to confirm that MWE is no longer involved, and it is before Dean makes it known publicly, you can put a fork in this sucker right now, and someone better find out where Dean's passport is.
Sadly Chevy, I think it is a little more complicated than that. The problem I see is not that he left details out, but was asked directly if certain items were covered in the letter, and he said no, when in fact they were. There's a difference there IMO of course. I don't think we will know as quickly as some, but there will be an ending to this, that is about all that I am sure of at this point.
I really hope you're right Chevyman. The theory about Dean's intelligence doesn't work for me though. A judge or jury could care less what your I.Q. is, if in fact you have broken the law. Sometimes people are too smart for their own good, and let's not forget the evil trait of greed, which has been the demise of some super smart people.
Dean is innocent until proven guilty, but how smart he is will have nothing to do with the outcome. I have a long list of items that I would throw out there to debate the level of Dean's intelligence in this situation, and in my opinion this may be a case of book smart but street stupid. All I know is whether the DVIS gets approved or not, I will still get to attend my Son's hockey games, and sleep in my own bed. That's making me feel pretty smart right about now.
EJB, we are in full agreement. Someone had mentioned previously that Dean may very have been shocked himself when the stock took off as much as it did, and because of that he may very well have made some bad decisions, because it was definitely game on in a big way at that point. Like you said, none of us know for sure what the real story is, but we will soon. Good luck to you, and I guess me too, as I will ride this out to the end as well.
Chevy, I would be willing to bet that if you talked to Dean right now personally, he would say he is not very excited about all the attention he is receiving. Unfortunately for him, he brought a lot of the negativity upon himself.
The further along we get with this story, with each passing day, it brings us closer to the truth, and in my opinion it is going one of two ways, without much middle ground. Either Dean has what he says he has, and that will be proven on the next submittal, or Dean will be wearing stripes. I really think it's that simple.
Call them mistakes, or say he did what he did with great intentions, but ignorance of the law is no excuse and will never hold water.
If the DVIS is as advertised, they better get that package turned in pronto, or in my opinion Dean is in some trouble. I truly hope he has what he says he has, because he convinced alot of people he did, and is still getting paid for doing so. That's some deep dangerous waters to be in, and I'm glad I am in my position and not Dean's right now.
Is it still the case that the S-3 is not effective? I am assuming yes, or someone would be raving about it. My question is, has Dean seriously paid the $20K to that company once, and is getting close to having to do that again?
The other part of the question for me is, if these fees are needing to be paid at $20K a pop, would that not be considered significant news, and maybe something I3 should at least address to shareholders, or is it just a given, and that fee will go away when it does, and we all just live with it?
Personally I would think someone owes somebody an explanation, but that situation is all foreign to me.
Homer, I am no NDA expert, so help me out. Is your theory that big players like Toshioba, G.E., Siemans, etc, have seen the DVIS perform as advertised, and then signed these NDA's? Is it possible they signed Deans "theory" of what the DVIS can do, and upon approval would be right there to attempt to purchase or partner with Dean?
I need some clarification on the NDA's. What is everyone saying they signed besides the obvious? Is it the believer's theory here that those that signed the NDA's witnessed the DVIS in action live?
Similar to the other info that has been retrieved thru FOIA, is this also possible for NDA's? I would think not, with confidentiality, but is there any way to prove such signed NDA's exist, or is it simply Dean's word alone as the proof? The statement that there are literally thousands of pre-orders was stated awhile back too, so is there any way to prove that, or is that also per Dean?
Dean's honesty has been a little sketchy, so just wondering if there is any way to prove these documents even exist? TIA
Sano, I will agree with you on one thing, and that is if the DVIS works as advertised, the sky is definitely the limit, which is why I invested in this to begin with. The multitude of applications, and the fact it would also be International, would make it hard for anyone to accurately predict it's true worth. I would also agree with you that a dummy downed version of the DVIS is probably worth about what you're saying, and I would have no evidence to think you are way off.
The DVIS I put my money on is worth a flippin fortune, that I know for sure!!
That was my theory as well, and yes I believe it was shortly after Bogdan made his suit be known. If that is the case, I would need to hear how that could be a good thing, because it just doesn't feel right. It makes it worse for me when there is no explanation given either. I had a tool to reference, and presto it's gone without a word about it.
Not much I can do about that either, so I am gonna take my son and go catch some fish!! Great weekend to ALL!!!
Thanks Gymbob. That wasn't really the question though. Somebody out there must have a positive spin to put up here as to why something like that would be removed. It isn't like we are getting CC's weekly, or even monthly, so when one does take place it is pretty exciting, and I would think direct quotes from the CEO would be important to anyone to reference, but especially to new investors.
I am positive someone knows the answer, they just haven't seen the question yet. I am paranoid by nature, so looking forward to some logic here so I can quit wondering.