RSNA questions update.
I took the questions from the postings and brought them to Dean this morning. We had a wonderful talk and he was gracious to give his time to provide the answers to the questions where he was able. There continues to be great interest at the show for the system and there always seem to be new people coming up to the booth asking when it will be available for purchase. I don't want to blow out any false hope or false information so I will keep my opinions as just that, my opinions. I find the Imaging3 staff as being extremely helpful and honest in the desire to move the Dominion into the next phase of the process. Dean is great to talk with and I find him to be very straightforward with his desire to hit this out of the park. I came away with a renewed sense that this product will revolutionize how the medical field images so many areas that the practice of medicine will have a new paradigm and resource for revenue. I am not sure what the ROV will be but I am betting it will be short making sales skyrocket. The questions and Deans answers follow. I will be at the show for one more day and I will chat with the big three about potential interest and take a look at the competition that is really not the same system.
Will Imaging3 produce the Dominion or accept a buyout after approval?
A: We will start production, but M&A most likely after approval.
If a buyout, what would be a minimal acceptable offer?
A: Unable to answer.
If going to production how many units can be expected to be sold in the first 3 years?
A: Probably 20-100 the 1st year, up to 1000 by year 3 or 4. This is an estimate.
Also, have the company received orders pending market clearance from the FDA? And, if so, how many orders? Thank you.
A: We can’t actually take orders until approval, we have 100’s to 1000’s of interested facilities. Once we get approval many will be revealed through our desire to place Luminary sites.
Why are SG&A expensive so high relative to the size of his company?
A: Don’t understand SG&A.
Do you believe the company will be diluted 10% or more in the next 6-12 months?
A: It’s possible, but not planned at this time. With a performing stock, financing will be less dilutive.
Why isn’t the c-arm refurb business profitable?
A: It is, the cost of being public and marketing is expensive.
How much liability does the corp. owe for lawsuits in regards to the fire and judgments?
A: You need to read the filings, I can’t answer.
HMCSRET - A question I would like to know the answer to is; when will the latest Dominion images appear on the Imaging3 website.
A: Soon, we don’t want to annoy the FDA right now. Once we get approval, we will be posting a lot of new imagery.
Could you ask with the expected profit an after approval and expense paid where does the company plan to invest it and if the co plans to pay dividends?
A: Forecast profit margin is 40% o 50%. Proceeds will be invested in Marketing, Development and Manufacturing.
Kind regards
Robert "SEA"
AI
