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[/lurk]
FWIW, I well remember the conference calls in which Mr. Janes cited only labeling issues barring approval, still have my notes somewhere, I think. However, for a successful lawsuit, one would necessarily have the audio tape and quote therefrom specific passages that should reasonably have been known to be false. I'm surprised that a serious legal action would lack such. Well, I'm in IMGG for only a few grand, just here for the entertainment, carry on!
[lurk]
EJB (#46333): "I was present at the Open House last Friday at Imaging 3. I watched Dean Janes demonstrate the DVIS on both a human hand model and his own hand. Both had almost instantaneous 3D imagery (2D on the left monitor and 3D on the right). It was very impressive to see Mr. Janes open and close his hand and to be able to view it "real time" on the monitor.
The images were crisp and detailed (not like an Ultrasound image)."
The two bolded statements are the critical factors, particularly the second. If indeed the moving near real time image of Dean's hand was sharp and contrasty, well showing interior structure, and not just a dark, fuzzy blob, then the device is "for real". Can other OH attendees confirm or deny this observation, again, particularly regarding the image quality? Inquiring minds and all that ...
"- Image Quality - I can't comment on any radial artifacts or the image quality as I have an untrained eye. Overall the live video looked dark and fuzzy, but the saved images from the same live video moments later looked bright and crisp."
I think this is the critical point. I remember seeing Dean's facility walk through way back when in which he stuck his hand into the target area. A dark, fuzzy image appeared on the viewing screen. It was hard to tell what was what, with the video camera being off axis and the brief time involved. With regards to the lead comment above, "saved image" quality doesn't matter, may as well be an X-ray, the critical point is the quality of the (near) real time image. Note I'm neither a true believer or a basher, just have a few kilobucks invested at about three times the current share price, haven't sold a share yet, so far just long term buy and crater.
The key question is this: Is the DViS (near) real time image quality akin to that of an MRI (good, sharp) or that of an ultrasound (furry and fuzzy)? If the former, even if only a 2D simulation of 3D, the Dominion will be a winner. If the latter, even if true 3D, it will be a loser. Inquiring minds want to know.
The smoke drifts away from the crater, soon it will fill with rain water, and in time disappear completely except perhaps in the minds of the living affected by the explosion.
NC
Madtig, your point is made for a TA stock TRADER, however, there are also FA stock INVESTORS of the buy and hold type. Should they have set a stop loss limit and sold when it was hit? Perhaps, but a number of people bought the FA story as presented by DJ. If DJ misrepresented the facts, then he deserves appropriate legal punishment. I'm happy you've made a lot of money TRADING this stock. However, be aware that your experience has little to do with the reasoning of a fundamentals INVESTOR. JMHO.
NC
TA charts should be a friendly FYI, FWIW type of thing, and don't expect much or any positive feedback. Mad, you and I both know TA chartists who left other forums in a huff because they thought they weren't being properly appreciated. The bigtime kudos just aren't going to happen in this ethernet venue, IMO.
That said, here's my TA take. The daily chart gave a spark of hope for longs on Mar. 24 when the big white candle reversed the plunge. Nimble day traders, myself not included, had a great set-up on the 23rd when the price dove far below the standard daily BB, yielding a good bet that it would move back up inside the BB. That it did on the 24th, and even moved higher to close above the BB mid-line on the 25th. Alas, it closed below the BB mid-line the next day and continued downward, the standard BBs ever diverging. Chart:
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=6&dy=0&id=p64394239408
Of more importance to a slow mover such as moi is the weekly chart. After a tight BB pinch in early March with what looked to be a good bottom hammer candle, the standard BBs are starting to diverge again with the price hugging the lower band. Not looking good at all for longs. Chart:
http://stockcharts.com/h-sc/ui?s=IMGG&p=W&yr=3&mn=0&dy=0&id=p16545376067
I don't "play" this stock at all, it isn't all that "well behaved" in a TA sense. I've mentally just thrown my shares into the sock drawer and will await whatever outcome, whether whiff or home run. FA wise, I'm with the disenchanted crowd, I've been into this stock for years and remember the CEO's statements in a number of CCs that proved to be well at odds with the official FDA response.
NC
Yup, there she goes, the old BB downhill slide (daily chart):
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=6&dy=0&id=p16837945528
Showing up on the weekly chart as well:
http://stockcharts.com/h-sc/ui?s=IMGG&p=W&yr=3&mn=0&dy=0&id=p62847804455
Enjoy the ride!
NC
Pinchy, pinchy!
Note the weekly IMGG chart:
http://stockcharts.com/h-sc/ui?s=IMGG&p=W&yr=3&mn=0&dy=0&id=p85910740366
BBs converging hard and quite close, waiting for the collision! They have to go parallel shortly, question is for how long. I would hope for a somewhat lengthy sideways movement before the next big swing, whether up or down, but somehow get the feeling the BBs may just collide and rebound, and we're off to the races without time to digest. Best of fortune to all (but better fortune to longs ;o).
NC
Madtig, you said, "So, I am obviously not defending Dean's actions in the past. I hope he has learned from the experience, and, hopefully, we can all move on from here."
I agree that we should all move on and not wallow in self-pity if caught short. However, that does not excuse any possible wrong doing on Mr. Janes' part. I've been in this stock for years, well before the plunge to .03, and I remember Dean's CCs. Given what he was saying and the eventual result, either he was intentionally misrepresenting the situation or he was delusional (or incredibly dense). The gap between what he was putting out and what the SEC came back with was just too large to reasonably escape dark suspicion. So was he a liar or just stupid, and which ever one, has this changed in the present? I still hold all my shares just in case there is some truth in the matter, but I only blew a few thousand on this and can afford to see it evaporate, though it will pinch and won't help my long term plans. Likely another pricey bit of education.
NC
Regarding the weekly chart, the "fast" BBs (I use 7,1.7) haven't started to diverge yet, but I would expect the price to break downward.
http://stockcharts.com/h-sc/ui?s=IMGG&p=W&yr=3&mn=0&dy=0&id=p96702345182
The standard (20,2) weekly BBs are in fact still converging, and so the price should be contained within them, at least on the close. Right now the standard weekly BBs are at .09 and rising and .27 and falling. I would tend to guess a price fall down to or near the lower standard BB at around the .10 area, then perhaps another bounce up to the BB mid-line as another BB pinch sets up. FWIW.
NC
Definitely on the ol' BB downhill slide:
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=6&dy=0&id=p97309312634
The IMGG daily standard BBs may not be screaming, but they are loudly whispering at a breakdown, per my previous post (see updated chart links):
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59907740
Of course, it could be a head fake (price goes to one BB at the start of a break, only to swing to the other for the real trend). Even so, I wouldn't recommend a new long position right now, better to wait until the trend becomes obvious. JMO.
NC
FWIW, a break from a tight BB pinch usually favors the side of the BB midline that the price is on in the pinch just prior to the BO, in this case, downward (in fact, the BBs may be starting to diverge right now, indicating the break out/down):
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=6&dy=0&id=p97635799637
Whichever way it goes, I would expect the price to be contained for a while by the weekly standard BBs (currently about .29 and .09):
http://stockcharts.com/h-sc/ui?s=IMGG&p=W&yr=3&mn=0&dy=0&id=p53208348545
If it substantially blows through a standard BB, then some short term money can be made betting on a retrace (see action in early November on either chart).
Whether or not Mr. Janes intentionally mislead investors with statements regarding FDA approval, much of the evidence, pro or con, resides in the conference calls. Are these recordings still available, and has anyone copied them to ensure that they are retained for future reference? Inquiring minds and all that.
Well, here I had thought IMGG was on "fast track" and all that was left was to "dot the 'i's and cross the 't's". Didn't I hear this a number of times during conference calls? Seems there was a bit more involved, eh?
(Thx to Sano for digging this out.)
Note the tight pinch on the standard (20,2) daily Bollinger bands, hinting that a serious move is in the offing, either up or down:
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=10&dy=0&id=p03674685678
A weekly chart indicates the coming move is more likely down than up, note the fast (7,1.7) weekly BBs are pinching, but the standard (20,2) weekly BBs are still diverging. This looks like the situation at the end of June and beginning of July this year:
http://stockcharts.com/h-sc/ui?s=IMGG&p=W&yr=3&mn=0&dy=0&id=p49245119915
No guarantees, but it looks like, next up: more of the same.
About to fill out my proxy for the coming SH meeting, will vote against the proposed increases in common and preferred shares unless someone can come up with a compelling reason why these should be approved. Yes, I've seen this movie before, where common shares are diluted and then reverse split (but not the preferred shares). Fundamentals continue to look worse with time, maybe this stock is best only a penny technical play, not marriage material, just "Wham, bam, thank ya, ma'am." Not sure that my "Nay" will even count, seems these kinds of votes inevitably go in the direction desired by those doing the counting, funny how that works, eh?
"But, but, but...those shares are to avoid a hostile takover!"
I've thought about that, and now, after waiting many years, I think perhaps I'm ready for a hostile takeover offer, I just may take it, depending on what it is. Of course, if there's nothing to DVIS, then there will be no offer.
I just received in the mail the Imaging3 notice of 1/20/2011 shareholder meeting including a proxy ballot to vote regarding an increase the authorized shares of common stock from 500,000,000 to 750,000,000. I want to believe, but my scammeter needle is lifting on this equity. I will likely vote no on the increase in shares, but I guess it depends more on who counts the votes.
Well, Madtig, I hope to catch you elsewhere (are you still plugged into CC or Goldies?). This forum has unfortunately gone the way of Yahoo, much heat but little light. I'll leave my 20k shares @ ~0.20 each in the sock drawer, if IMGG pops, great, and if it goes poof, well, not a big loss. I think too many people put way to much money into this spec stock, equity they can't really afford to lose, and so are either terminably hopeful or forever embittered. Not worth the heartache either way in my book. Take care, good fortune, again I hope to run into you on other forums.
NC
KKG, I thought that your earlier posts had indicated Dean's basic patent was in the sampling algorithm, however, you now seem to say that it is basically in the rotating radiation source and detector. Is this correct? If it is indeed the latter (that Dean has a patent lock on the rotating emitter/detector), then indeed he (and we longs) are protected from all competition, whether or not this particular DVIS application of the patent actually works or not. The mere idea of such a patent is salable for big bucks. Of course, it may not be beyond the power of GE, Toshiba and the other big players to pay off the FDA to forestall approval until the patent runs out, to hell with the millions of lives that could have been saved by this technology in the meantime. No offense, just business, don't you know?
NC
Time To Generate First Image???
Re Dean's hand in the Dvis in the video, I'm reminded of something KingKongGuru said about the algorithm used to generate the (near) real-time 3D images. As I (think I) remember, the reason it works so fast is that it doesn't update all data points at once per revolution of the radiation source, but instead only a small fraction (was it one twentieth?) at a time. This will work okay as long as the target isn't moving very fast. But, (big BUT!), it will take, say, twenty revolutions (or whatever the correct number is) to generate the first fully complete image. While it will operate in near real time after the first full data set is obtained, there is a lag time to generate that first set. So maybe Dean's hand appeared as an incomplete image (i.e., a smudge), because it wasn't in a stationary position for twenty revolutions (or the magic number) of the x-ray source to initiate a full data set.
This brings up another consideration, what is the radiation dose to the patient to get the full initial image? This must be added to the dose given while the real time imaging is performed.
Just my guessing out loud. Would appreciate input from those more familiar with the technology.
NC
"But, if hostile $1.50/s offer came now, i am confident over 50% would tender it as Dean has lost most of his faithful followers."
Ah, yup.
I will go under water tomorrow, luckily don't have a lot invested. So, a setback in a viable product, or the wheels coming off a scam? I know this, Dean indicated he would put out the FDA decision THE DAY IT WAS RECEIVED. Instead he sat on it for a week. October 27, 28 and 29 were clearly insider selling days.
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=6&dy=0&id=p05260828019
Big smoking hole in the credibility here. I'll probably just hold onto my shares as a Lotto ticket, but I have better use for my time than follow this equity closely. Good luck to all, and I hope it works out for the true believers.
NC
Yup, candle today so far confirms the break downward, but it's not over yet. Still, looking like the ol' BB downhill slide:
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=10&dy=0&id=p79260429696
Weekly chart indicates a continuing bleed, lower standard (20,2) BB currently at .20 is a reasonable interim target, could go lower depending on whether and how long the pps "sticks" to the descending BB.
http://stockcharts.com/h-sc/ui?s=IMGG&p=W&yr=3&mn=0&dy=0&id=p89353931782
I'm still just sitting on my meager shares (~.20 average cost). If IMGG vaporizes, I'll be out a few thousand dollars, not a real biggie. If instead it goes "toodamoon", I'll kick myself for not having bought more, will make some good money, but no life changer. But there is sufficient question, IMO, to preclude throwing significantly more money into the IMGG pot. YMMV.
NC
Oops, appears to be breaking downward out of the BB pinch. If this down move persists to the end of the trading day, look out below.
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=10&dy=0&id=p79260429696
NC
Lurk Mode: <OFF>
Looking at the daily chart, the standard Bollies are tightening up quite a bit, RSI and MACD near neutral, and ADX has bottomed out:
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=10&dy=0&id=p36994906685
Looks like IMGG is getting ready to bust an intermediate move. Whether up or down, well, stay tuned and watch for a sprint toward a diverging Bband (watch out for head fakes!).
Weekly chart is not so coiled up, BBs still contracting (slowly), should hold price between about .21 and .43 currently, would like to see a tight BB pinch here as well to presage a big bust out move, but Ms. Market is often not so accommodating.
http://stockcharts.com/h-sc/ui?s=IMGG&p=W&yr=3&mn=0&dy=0&id=p98240290994
NC
Lurk Mode: <ON>
Rolling over on the daily, and increasingly thin air underneath:
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=10&dy=0&id=p51547092147
Oh, well ...
NC
Yes, a certainly momentous "one-time-only" FDA decision trumps common, everyday TA (except that prior "leakage" of info often signals a move). Then again, I'm just sitting on my meager shares, not trading at all, "go or blow!"
NC ;o)
Happy to see that you're back, you bad boy! Hahahahaha! Just to add my two TA cents, note the current consolidation off the August low resembles the one off the January low.
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=10&dy=0&id=p73543460885
If it plays out the same (which is quite possible if not probable, it would be "textbook" behavior), one would expect the price to warble about the Bollinger band midline while the outside BBs keep converging into a tight pinch (as in late March). After the pinch, diverging BBs would indicate the next major move. Unfortunately, in April this was a "head fake" move upwards followed by another significant move down. Hopefully this time it will instead be a continued move upward, tracking the upper BB. Based on the previous breakout, I would expect roughly another two weeks of consolidation prior to the next big move. FWIW.
NC
P.S. - Note that IMGG is unfortunately prone to headfake breakouts, besides April, see also mid-June. Sigh.
I've had this feeling for years now, and in fact I put it directly to Dean on a CC many moons ago. He discounted the idea, but I find it hard to believe that the FDA is the only honest Gubmint regulator.
"I am now convinced that the big players have power over the FDA and are holding this."
My feeling as well. Many moons ago I asked Dean about this on a conference call, and he discounted the idea. But seeing the rampant corruption in many (all?) of the other Gubmint agencies, I can't imagine that the FDA is all white knight, too much money involved.
Steady as she goes ...
http://stockcharts.com/h-sc/ui?s=IMGG&p=W&yr=3&mn=0&dy=0&id=p08522221214
NC
No surprise, continuing the BB downhill slide. Note again the Volume by Price air pocket from about .28 down to about .16:
http://stockcharts.com/h-sc/ui?s=IMGG&p=W&yr=3&mn=0&dy=0&id=p67313085093
I'm still holding long (ave. cost about .20), but, once more, I don't have too much money involved to warp me.
NC ;o)
Currently the lift is less than the weight:
http://stockcharts.com/h-sc/ui?s=IMGG&p=W&yr=3&mn=0&dy=0&id=p67313085093
NC
Yup, fast weekly BBs starting to diverge now, and she continues going down the standard BB slide:
http://stockcharts.com/h-sc/ui?s=IMGG&p=W&yr=3&mn=0&dy=0&id=p84903672887
Could go below $0.20 if it uses up the Vol by Price air pocket underneath. Oh, well, it's only money.
NC
Yes, but the real question is, will it proceed to blow the golden booger or drip the drool of dross?
NC ;o)
It appears that you are looking at the daily chart:
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=8&dy=0&id=p26104021006
whereas I'm looking at the weekly (more powerful but slower to show inflection points):
http://stockcharts.com/h-sc/ui?s=IMGG&p=W&yr=3&mn=0&dy=0&id=p22795594537
NC
Weekly chart fast BBs very pinched, ready to squirt the watermelon seed, price relative to standard BBs and midline hint the next move more likely to continue down, also note the large Vol by Price air pocket lurking just below:
http://stockcharts.com/h-sc/ui?s=IMGG&p=W&yr=3&mn=0&dy=0&id=p84903672887
No guarantees, personally holding long, but not enough invested to get crazy, just waiting for Godot.
NC
That's about as technical as it gets! Yok! Here's my feeble attempt, a weekly chart (or should I say "weakly"?):
http://stockcharts.com/h-sc/ui?s=IMGG&p=W&yr=3&mn=0&dy=0&id=p62149925824
Note the large air pocket between about .28 and .15. Momo definitely to the down side, currently, I can feel my ears pop.
NC