Southridge is the firm that leant IMDS money at an alarming and borderline illegal interest rate (per month). Southridge and Other PIPE financers signed promissory notes with IMDS, and the only way IMDS can satisfy repayment on these loans is to issue debentures that are CONVERTIBLE into shares of COMMON STOCK at a 50-70% discount to the top bid (presently .0003)
Southridge knows whats up. They are converting at .00015 and dumping to lock in their gains at a 100% profit.
I mean, wouldnt you do it if you knew what they knew?
Wouldnt you do it if you received shares at a 50 - 70% discount to the top bid and knew this was your ONLY method of recovering monies lent to Imaging Diagnostics?
And keep in mind that IMDS has SEVEN (7) business days to come up with $756,000 in cash. Shareholders are certainly paying the bills over there, que no?
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