Imaging Diagnostic Systems (fka IMDS)

[jmurfk]

In case anyone didn't know, IMDS was former NASDAQ trading above $6/share in 2000 before the ex-CEO's death.

And wrong again. From IMDSs 10KSB filing, August 1996, page 7, link;
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=846437

ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED

STOCKHOLDER MATTERS

The Company's common stock, no par value, is traded on the over-the-counter bulletin board market. The Company's preferred stock is not traded. There has been trading in the Company's common stock since September 20, 1994. The symbol for the Company's common stock is IMDS.

Looks like NASDAQ denied their application in 2000. From the 10KSB filing, September 2000, page 19, Link;
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=614806

NASDAQ LISTING

On July 21, 1999, we received an opinion of the U.S. Securities and Exchange Commission (the "Commission") dismissing our application for review of our appeal to the denial of our application for Nasdaq Small Cap Market listing. The Commission found that Nasdaq did not exceed its authority by requiring us to (i) satisfy the $4.00 per share bid price requirement; (ii) satisfy all other requirements for initial listing; and (iii) evidence a minimum of $5,000,000 in net tangible assets. The Commission went on to say that the specific grounds identified as the basis for Nasdaq imposing the conditions for inclusion (i.e. the our stock price was well below the $4.00 minimum required for Nasdaq inclusion and concern that we would not be able to maintain compliance with the $2,000,000 net tangible assets maintenance requirement over the long term) existed in fact and therefore Nasdaq did not exceed its authority by requiring the net tangible assets and share bid price conditions. We do not intend to take any further action in this matter.