Hello all -- This is my first post.
Yes, I too invested 25K in Mobile Imaging Systems, aka RapidScan, in July, 2007. I was repeatedly told before I invested that I should start receiving 'distributions' on my investment no later than 10/31/2007. This time came and went, but I didn't become worried about the legitimacy of my investment/MobileImagingSystems until mid-November 2007. A few days ago I looked again at their website (www.mobileimagingsystems.com), specifically at the Investors Relations link, and after trying to log in, I got a computer syntax error.
So I finally got a 'General Partner' to call me back after I placed a few calls to MIS's 1-877# (turns out to be nothing more than an answering service). I expressed my concern, that I hadn't heard anything, nada, and I had been promised ...etc. This 'General Partner' told me that they had a lot of exciting things going on, and they were in the process of dotting the i's and crossing the t's (paraphrasing here) on some of the contracts and the equipment itself.
He promised to call me later, or have someone else call me from Investor Relations. We'll see.
I did mention to him that some sort of information/updates would be nice ... I mentioned perhaps a financial statement? I was told, rather rudely, that how can they supply a financial statement when they haven't started creating revenue yet. So I pressed and asked for some sort of update, newsletter, e-mail, something .... I was told again that this person had a teleconference to go to and he would try and call me later.
Again, as I said, we'll see.
So here's 3 questions for all: (Please post answers public)
1. Has anyone invested with Mobile Imaging Systems (apparently RapidScan is the predecessor of MIS) in the last year, and if so, have you seen any return yet, had any communications from MIS regarding the status of your investment?
2. Does anyone know how I can pull my investment (SS) out of MIS? If I don't get some results fairly soon, I'll have to consider this as an option. I mean, come on, a multi-million dollar venture such as this, and they can't even seem to provide updates?!
3. Isn't it true that MIS will have to file some sort of financial paperwork with the IRS this year, and if so, as an investor in this LP, aren't I too allowed to view such?
Any comments/help would certainly be appreciated!
