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IMGG's law firm on Colbert Report! Abbe Lowell a partner in McDermott, Will and Emery was on the show, talking about representing parties in the upcoming congressional hearings. An amazing coincidence...or shall I say impressive?
Someone is loading up to take a large ownership stake. Smart trading today gets you 5% of the company.
The risk is out of the stock at .10. What is the point of selling that low?
.10 is the buy price, IMO. That would reduce the market cap to 37 million, and that is a very attractive valuation. As soon as he names a firm, the shares will head back up to .20.
The selling on Friday was the indicator. Most volume in months. That's when he got an email saying, "we need this" and "we need that".
More delays. What the hell do they want now?
Rain bashed me and deleted my messages. Now you see why I griped about the lack of audited financials.
Updated financials? Did they post audited financials? Eric said they were started in January.
I've been thinking about this. There are a lot of shareholders that have waited a very long time. I believe that there could be overhang pressure on the stock after approval. Therefore, I have set a target price to sell a few shares after approval. If the stock is beaten down by the millions of shares waiting to get out, I will absolutely hold. I didn't get into this to sell at $1 or $1.50 for that matter. $2.50 puts the market cap near $1 billion, that is a reasonable price for me to think about selling some. On valuation, you could make a strong case for that price because Dean himself stated that they are prepared to ramp up to 100 units/mo rapidly.
Are we going to get this done by the Radiology show after Thanksgiving so we can write some purchase orders?
Kidding. How long do we have to go, I would think that another week or two would be plenty of time to get a response letter.
Lots of short covering. What retail brokers allow you to short this thing?
Somebody bought 780k shares at 12:42.
More buys than sells today. Just goes to show that the price is a joke.
Yep, stock price is pretty much irrelevant right now, unless you have dry powder. Almost in my buy zone.
Thanks GDS. What do you mean by "public conference" and when was that?
I haven't added since January, but I'm a shopper now. Looking in the window, but haven't pulled out the plastic. Under .30, and I'm totally buying. Although, I am waiting for that capitulation move. Volume has been way too low to say there aren't sellers still waiting to get out.
I've made much larger mistakes than riding Dean and this machine down. I still have a lot faith in this organization.
The MM's are blatantly taking this down. Look at the trades today, buy volumes were equivalent to sell volumes and the price kept going lower. This is a prolonged shake in my opinion. Even though I've advocated standing pat, if this continues, I will have no choice but to add at these prices. The risk/reward for a $500 investment at this point is 10-1. That is an asymmetric risk/reward profile if I've ever seen one.
Why worry about it? Either add down here, or ignore the board and just wait for the FDA. It's too cheap to sell down here, that's for sure, delay or no delay.
As long at the two parties stay in constant communication, which Dean has stated is happening, then there is no reason for a denial.
IMGG valuation:
Back to basics. What will IMGG be worth after FDA approval?
Facts per Dean:
$600k per machine with service contract
ramp up to 100 machines per month after one year
margin on the machine is 50%
Variables:
First year sales: 300 (conservative, there is pent up demand he said)
300 x 600 = 180 million
180 x .30 income margin (conservative since the gross margin is 50% per Dean)
60 million in income / 375 mm shares = .16 cents/share or
a P/E of 10x = $1.60.
Now a buyout or a PEG ratio could make this look cheap.
What has changed? Nothing. I was tempted to add today, but I held off, because I have enough exposure. Enough to be quite happy, but not enough to be devastated.
What's the worst from here? A delay caused a drop to .32 in January, we are not exactly that far from that now. So, a 50% pullback would be, once again, a buying opportunity for both the short and long term.
I expect nothing this week, but I do expect that by next Friday, we probably have a reasonable chance of hearing. That is the 21st.
I've seen it so many times. That sick feeling usually means that you are about to make some money. I've learned that over time.
Nothing like a good weak hand shakeout for some excitement. Not much here but share gathering by the MM's.
Looks like they just ran a stop.
I want to offer this perspective. I have been long IMGG since last September, sold a few shares around $1.80 (because I thought the price was irrational back then), and bought them back as they dipped below $1 at various prices.
I am very surprised to see the price at .53. Let's be honest, at the current market cap, this is a steal. Why? the market cap is a mere $199 million. How many machines will they have to sell to cover that value. About 300. (Obviously that gives zero value to the patent portfolio, future sales, other applications for the software, etc.)
Now, we all know he has a significant backlog of orders right now. We also know that the FDA had minor questions and required a few outside radiologist opinions. There were no major concerns with the application.
So why are we here, when approval can come any day now? The only guess I can offer is that people just don't expect approval. That is fine with me, if this stock wants to dip below .50, the risk/reward even with a delay is a no brainer. I have this in my IRA, so I can't even use the money for 30 years anyway.
The fact that there is no run-up to an FDA decision is just as irrational as the fear that lazy Greeks can cause a global double-dip.
Alright, I haven't been here in a while. What is the best guess on this new deal? Like I've always said, I'm long until at least Christmas....
Wow, MM's need shares. The old low volume coordinated walkdown right now....
Heck, you guys better file a Form 4, you probably own 20% of the company each.
Anyone call the T/A lately?
Take a look at the last filing. Very rare for a pink sheet company, it is an audited filing that looks like a major exchange filing. Then, go to the Russian website, not the American one. Translate that into English. Then, call the T/A. The name changed from Carribean Villa corp occurred two months ago, they just started this whole reverse merger process. Then you can call or research the contracts they signed. Their customers/companies are real.
Or you can just take your loss and leave. Who cares, this is in my IRA, and I will have it until at least December. Two weeks ago it went up 100% in a day. The bid/ask is a mile wide, 35%. A couple trades and it's up 50%. That shows that there are very few shares available.
I'm not dumping. No reason to yet, the evidence is to the contrary.
Ok, got a call into IR. I will post what I hear, hopefully today. Veronica was fast getting back to me last time.
That is a bit of a stretch. The company does not yet deserve a market cap of $250-500 million. It does deserve a valuation in the .15-.2 range, when we get the audited financials. Let's not get hyperbolic.
VNDM hanging around. Like that guy at the bar you hate to see when you go there, cause he always talks to you and he's always there. So then you do a drive by to see who's there and...
Ok, way too much info....
Surprisingly tight bid/ask.
Exactly right Village Man, very vague. That's the point I was making. There is no reason to invest at this point.
Ok, so tell me by the PR, what the first quarter top line will be.
Yeah, but he killed all interest in the stock by dumping ad-pump shares on it and lying about a deal that never happened. Dumb ass.