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Congratulations Brady Murphy and team at TTI! Now on to that $1b market cap valuation in February. Well done.
Very short runway... an announcement that one of TTI's SVP's will start focusing on doing his job is not newsworthy in my opinion.
The window for divesting CCLP is closing. Investors are growing impatient and want results, not feel-good announcements about executive retirements or 2021 goal setting.
Up 150%?! Anybody here know what's going on? Thanks!
Hope so...the only thing that will keep them alive...will need positive info tomorrow or else...
Any idea when they might divest it?
Warren Buffet has made only one stock purchase in 2020...$9.7 Billion on natural gas. HPR are strong buy, thoughts?
Same BS happening again today. Not going to let them bleed me out for another week, hoping for a positive report next week, something bad is going on. Just doesn't feel right to me, feels shady. Just dummped. Good luck longs.
Restructuring expert. What do you think they are up to?
I agree with you JB. All the technicals and news suggest a stock that is significantly undervalued and ready to fly. My question, who then, keeps shorting this stock? Every day it is the same story, opens higher that the previous close, only to be shorted about 10-15% before close. What's going on? Any thoughts about why some market maker(s) is keeping TTI grounded?
Ryan, DO SOMETHING! 4 years of hiding in dark places has got to be killing you too. DO SOMETHING! At least that way, you can say you tried and failed, instead of just froze with perpetual fear. DO IT!
Loan Defaults
Company is in default on $1m loan to Greenberg
Company will soon face receivership to account for $1.2m judgement
Former CEO Dane Medley refused IGNG stock payment - insisted on $60k cash payment instead - no confidence
Flooding market with new shares to bribe creditors - massive dilution
No product and no money
Only matter of time before Chapter 11 - Justice
Dilution occurring on EPIC scale
Read 10Q - company has quietly been cutting back room deals to find cash. Diluting stock value by flooding the market with common shares
Additionally, company is currently in default to major lenders
Read, do your own due diligence, posters here stating stock is a buy @ .10 or that God will protect imaging3 are as misleading as they are dilusional
Nothing holding up 5m market cap
No revenue
No real estate
No disruptive technology
And no cash on hand
Only law suits, judgements, loans and fees they can’t pay, bankruptcy news, and history of investor fraud.
Real value is probably $250k for the FF&E. But probably makes no difference since BK is in the news.
Scamming imaging3
DOA by EOY.
Bankruptcy News
More bad news for Investors
New York Judge awards plaintiffs almost $1.5 million against Imaging3.
That's 1.5 million they don't have
1.5 million that will not be going towards submission or approval of 2-dimension X-ray machine
1.5 million that will not be used to pay consulting and device design companies
Management has contacted bankruptcy counsel per the SEC filing. Seems only a matter of time now.
6/22 CEO Announcements
As communicated by John Hollister on Money TV on June 22, 2018.
- Submission pushed back to end of 2018
- No real-time 3D imaging: application will seek approval as regular 2d X-ray machine
Meanwhile, investors have lost 60% of their money since March reverse stock split.
6/22 MTV CEO Announcements
- NDA application submission pushed back to end of 2018.
- No real-time 3D imaging: application will seek approval as just another regular 2D x-ray machine.
Meanwhile misled investors have lost 60% of ithier money since March reverse stock split.
Stock has lost 40% value since Reverse Split in March. Screw your loyal longs and this is what you get. See you at a penny.
Love watching them panic!! Stock sinks 25% last week. Dean Janes sends wanna be CEO to MTV weekly for damage control, but red has nothing to say. No clinical trial data, no new images, no progress or project timeline for NDA, no nothing. Just the same old thing, "everything is great", "we added another boardmember", and "more consultants". Meanwhile they have no money to pay for any of it, and law suits are still pending. The free fall continues this week, get out while you still can, you are being scammed.
A reverse stock split is a very bad thing. You just lost your shares and now the average investor can no longer aquire enough shares to make investing in igng worthwhile. Don’t believe the newest Dean Janes puppet CEO.
MY SYMPATHIES to all those who just lost their shares.
Next up "the multi-million dollar lender lawsuit".
Looks like the new strategy is the same as the old strategy:
- Deceive shareholders with MoneyTV
- Take on more toxic lending
Dean Janes is obviously still calling the shots, his new strategy; bring in a new cast of actors to pose as legit business leaders to confuse shareholders and take advantage of the weak and ignorant.
Face it: Imaging3 has no money, mounting litigation, more mouths to feed, and no product.
Run brothers and sisters, RUN!
Reverse stock split announcement = death nail for Imaging3.
Took another chance on these monsters only to be F'd again. Shame on me. I have dumped my shares and am moving on. Will not be back again.
Warning to those who remain or may be considering losing your money to this scam:
Here is how it is going to play out: 1 or 30 RevSplit bounces out all existing shareholders, pancoast will try to attract new suckers posing as a real stock with PPS above a nickel, a few unsuspecting old ladies will be duped into giving away their SS checks - but the grand total raised will only be around $150k... if they are lucky, far short of the millions pancoast is dreaming of so he can, and I quote, "hire a bunch of PhD's", shortly thereafter notes from IRS and lawyers (and the "consultants"?) will come due with no money to pay them, pancoast and dean janes will scramble to file BK again, Imaging3 will be rubber stamped through the California courts just like last time, and the whole scam will begin again. Only YOU will have lost all your money and your shares.
Real people don't live like these criminals. Real people have jobs and work hard to make our world a better place. Phonies like these guys are sick. You just don't treat fellow human beings like this and win.
How can the California court system continue to let these crooks get away with this? Scam - Bust - Let off - Repeat. Welcome to business in the great State of California I guess. Maybe we should all open our own public companies with breakthrough products just inches away from FDA approval? And that attorney! Wow, just when you thought the mafia was no longer running Las Vegas.
Where do they find you guys?
SMF: Am I reading you right? Dean Janes died in Asia last year? What is the sitrep please?
Doesn't his mean that Janes is in violation of his parole/plea bargain? He was not allowed to hold an office at a public company for 4 years I thought. How does someone go about reporting this?
Thanks SMF. Good update. "Lying is no big deal" Hmmm. Perhaps Janes should run for President with ethics like that.
SMF: It has been a year since the SEC filed charges against Dean Janes and IMGGQ. Do you, or anyone else for that matter, have an update about the lawsuit?
When will Q12014 results be announced?
Sano, check the document again, the valuation was not based on FDA approval. If BK is approved and new shares of 1 billion are awarded as requested in the court docs, new shares will trade for .0004 per share.
Pumper,
That is like saying you are being mugged on the street and since you don't see any cops its not worth fighting back or yelling for help. Just let the mugger have his way with you and get over it.
Not me brother, bring criminals to justice, that's how I voted.
Class 11 is common stock holder.
Correct. 5% of the new company basically means a 1 for 68 share reverse split. On other words, if you currenly hold 1,000,000 shares, under Dean's plan you will generously be awarded 14,700 shares - or in other words, nothing.
Meanwhile, under the plan, Dean sneaks in a $360,000 pay off for himself.
Please vote to reject the plan if you havn't already.
Pumper,
You asked, "why bother rejecting the plan"?
To simply give up and approve what Dean wants out of dispare, is to knowingly approve fraud and decite. How you vote on this, is who you are.
Things might seem hopeless, its true. But those who have been willing to fight against this unethical businessman WILL catch a break eventually.
Tell Dean you won't stand for fraud or trickery any more. Reject his plan and force him back to the table to negotiate something ethical, that provides for all of us who have been lied to and cheated.
That's who I am. That's how I voted. Who are you?
Check out the forms you were sent - each of the classes is defined. Janes is a class by himself and is trying to get this approved so he gets paid for his shares, while common stockholder gets nothing. VOTE TO REJECT THE PLAN.
Reject the plan Jenny.
If you are common share holder you check the third box (equity interest holder) and you write in class 11. Then vote to reject the plan on the back of the form.
If you are a common share holder, you check the third box down (equity interest) and you write in class 11.