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Monday, July 18, 2016 9:06:16 AM
IMGG has not satisfied the terms of the bankruptcy, is in default on it's payments under the bankruptcy, one creditor has filed to liquidate the company, and IMGG has ANOTHER bankruptcy hearing scheduled in October.
https://www.sec.gov/Archives/edgar/data/1205181/000118518516004570/imaging310q033116.htm
During 2015, the Company issued promissory notes in the aggregate amount of $455,000. These notes bear interest at 10% per annum and are past due as of March 31, 2016. These notes are secured by substantially all assets of the Company.
https://www.sec.gov/Archives/edgar/data/1205181/000118518516004570/imaging310q033116.htm
The Plan requires that the Company pay certain obligations on the Effective Date of the Plan. Of the Company’s obligations under the Plan, the Company is delinquent with regard to the obligations described in the chart below:
((click on chart to enlarge image )))
#1). You have money. Other people want it. All of it!
#2). You want easy money. So does everybody else. They'll get it, too....yours! (and all of it!)
#3). You tell yourself you're smart. You won't lose your money. Fact: Other people are smarter,
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