Imaging Diagnostic Systems (fka IMDS)

[jmurfk]

Sorry pal. Yes, debt reorganization, like an extension, does require an 8K;

an extension was granted for the payment which does not require an 8k,

A CTLM does not sell for $495K. If they did, the financials would reflect it, and they don't. The most recent financials reflect 2 CTLMs selling for$160K and $100K.

Each CTLM sells at a retail price of $495,000

No distributer is "under contract" to buy any. That is a stretch. If they don't sell 15 in a year they lose the distribution rights. They don't appear to care. They sold one for $100K and they're 7 months into the agreement.

Their Chinese distributor is under contract to purchase 15 units within this year,

Also, no way FDA approval happens this year. Sorry pal, Mrs. Grable doesn't agree with you either on that timeframe.