i'm an old timer too with this one and i agree with some of these thoughts but not others. i wasn't a bag holder either but i'm also not a short player. i'm interested mainly because this is my industry and yes, i'm invested. but i haven't bet the farm on this. i'm lucky in that i have some play money. if this comes through, i'll do very well again but if not, oh well.
agree, moneytv is not a great venue. though in micro land, there really aren't that many great venues to publicize a company. they had a recent presentation at a micro investor conference and it would be nice to see the presentation - i requested it. if any of the company folks still view this site, how about throwing investors a bone and putting your slide deck on the website? anyway, i'm not a big moneytv fan, i would rather have the company out in conferences, or putting new demos up on their site (which is completely legal) and so on.
agree, the former ceo tried to pull a fast one and was caught on it. the history is out there. i'll add more to that by saying he was also a fool to think submitting a 510K for this machine at THAT TIME would be a cakewalk. at THAT TIME i don't believe there were any FDA approved products that were close to this with the exception of the o-arm and perhaps one dental device which were not out for very long. moreover, the application was for all modes this device can perform in - which included the most advanced mode of continuous HIGH SPEED 3d imaging. again, he limited the field from which he could make a claim of equivalency. finally, if you read the FDA response to the submissions, a lot of it was just shi$ty work. the hazard analysis which should have been bread an butter was not done correctly. the images for comparison were not in DICOM format which is a standard. if your claim is that you can produce accurate 3d imaging at blazing speeds and that are equivalent (or better) to whatever is out there, why not invest the money to get decent images? i'm in the business, it's not hard!,
but all of that doesn't mean there is nothing to this machine at all.
disagree also that the technology is dead in the water because of the FDA, or doesn't exist, or anything remotely close. there are MANY competing interests at play here and to think it's simply a big conspiracy of equipment manufactures to tie down the FDA to any single tech is silly. do insurers have a role in this? absolutely. would they want to keep eating the overhead of a million dollar plus machines when for many exams a cheapo spinning fluoroscope would do? no. on the other hand, would hospitals and clinics who don't have an option for advanced imaging like the opportunity to invest relatively little capital for a piece of equipment that could potentially be a game changer in terms of revenue? yes. (think interventional procedures.)
the technology is REAL folks. do NOT take my word for it. there are tons of articles about cone beam if people are interested. there are FDA approved products TODAY that use the same basic tech. the FDA itself has taken closer looks at how to evaluate these systems. take a look at the presentation i linked up top. that didn't exist years ago when the old hack was working on this. i've given clues how to find all of that up at the top of this page. imaging3's claim is basically that they can do this faster, bigger, and cheaper than any other systems. the difference is that this time there will be more to compare with if they submit the newest 510K properly.
finally i disagree that the new ceo and the newly installed team have anything to do with the old execs. they have publicly stated that and it would be completely nuts to lie about that given the history of SEC action that happened years ago. the new team/new consultants have decent reputations. having a new cto who was a Varian exec for a long time is a major plus. Unless of course, you think he's part of the new conspiracy. having a scientific advisory board with a known player in the field as its head is a plus. and so on. unless you believe this is all part of the conspiracy.
