Imagin Medical Inc. (IMEXF)

[IMeasy]

PRIVATE PLACEMENT- Raised $1,914,000 on the sales of 38,280,000 shares. Adding this to the $2.3 million we started the year with- the Imagin bank account is at about $ 4.2 million. This could see us through FDA Approval, especially if we get the least rigorous FDA human testing requirement. In addition, those 38,280,000 warrants are worth 15 cents each and can be redeemed for up to two years. But the PP’s fine print says that Imagin can shorten the redemption time to just 30 days if the share price hits and holds 25 cents for 10 continuous days. That’s a potential $5.7 million additional, maybe enough to fund product launch. I am thinking that a buyout candidate might like an acquisition that can pay its own way.