Replies to post #38789 on Imaging Diagnostic Systems (fka IMDS)

[Decarz]

I can see you Mere Mortal Earthlines down there...LoL

Ok seriously why did this happen after

SEC Orders Hearings On Registration Suspension Or Revocation Against Imaging Diagnostic Systems For Failure To Make Required Periodic Filings
May 8 14
Securities and Exchange Commission (SEC or the commission) instituted public administrative proceeding to determine whether to revoke or suspend for a period not exceeding twelve months the registration of each class of the securities of Imaging Diagnostic Systems, Inc. for failure to make required periodic filings with the Commission. In this Order, the Division of Enforcement (Division) alleges that the company was delinquent in its required periodic filings with the Commission.

*After SEC letter this Happened*

Imaging Diagnostic Systems (IMDS) Key Developments
Imaging Diagnostic Systems Inc. Announces Management Changes
Aug 5 14
On August 4, 2014, Imaging Diagnostic Systems Inc.'s board of directors, comprised of Richard J. Grable, II and Elizabeth J. Shotmeyer, appointed Investor's affiliates David Fong, Chunming Zhang and Qun Wang to the board of directors. Immediately thereafter, Mr. Grable and Ms. Shotmeyer resigned from the board. Deborah O'Brien also tendered her resignation from her position as senior vice president, effective August 1, 2014. David Fong is a certified public accountant and personal financial specialist and has been providing tax, accounting, and financial services in the United States since 1986, with focus on international tax and business. Chunming Zhang has been a Director and Vice President of the parent since December 2013. Qun Wang is an acupuncture physician in Orlando, Florida, practicing in Florida since 1994. He also served as vice president of the Acupuncture board of Florida from 2006 to 2009.
Form 8-K for IMAGING DIAGNOSTIC SYSTEMS INC /FL/

1-Jul-2014

Entry into a Material Definitive Agreement, Financial Stateme


Item 1.01 Entry into a Material Definitive Agreement
On June 27, 2014, Imaging Diagnostic Systems Inc. (the "Company"), entered into a securities purchase agreement (the "Securities Purchase Agreement") with Viable International Investments, LLC, a Florida limited liability company owned by a group of foreign private investors ("Viable"). The Securities Purchase Agreement provides that, upon the terms and subject to the conditions set forth therein, Viable