HS> Friend Imgg is miles away from corporate America. This is run like a one man show. How he can even justify having a CFO, COO, VPthis,VPthat is beyound me. The financial structure and overhead never made no sense to me EVER. This co should have been run very sparingly with every last drop of money used efficeintly towards the end goal. But what we got was more of the same and new moeny was dragged into paying fpr vairou legal issues still not resolved to this day. Litigation debt hasn't reduced appreciably and SG&A are at record levels.
Heres what DEan said about the financial heathl of his company in in 2007
mr_sano,
I can't really comment about our financials, they are what they are and you need to make your own determination from what is presented. I can say that we expect to continue to lose money through this stage of development continuing through the early stages of production. This is very common as I stated earlier for high tech companies and should be expected.
The deck is stacked against public companies and their reporting requirements. The current climate created by ENRON and others have made it difficult for both investors and public companies. This is evident in all aspects, read our SB-2, there is every conceivable possibility of our failure listed, short of invasion by aliens.
We will continue to raise money through all stages of development and production. This will hopefully occur with the least amount of dilution possible. Dilution is often misused and misunderstood. As I stated in an earlier post an important aspect is who is holding the shares and for how long and that over 100 Million shares of IMGG are closely held. What we all would like is a high PPS and daily volume traded. Volume, especially high volume can only occur with enough shares available on the market. PPS, is controlled by good old fashion market forces. It typically doesn't follow reason, take my previously mentioned examples, Google and YouTube.
So what does all that mean, what is a reasonable Market Cap/PPS for IMGG?? As I have defined in earlier press releases the medical imaging device market is approx 8Billion annually. There are over 10,000 hospitals and 4,000 freestanding surgery centers in the US alone. Our initial price points for the Dominion are roughly $200K for the 3D real time option only, $500K with the CT option. Do the math, consider the possibility that each hospital purchases none, one, two, three?? You decide what you think is reasonable.
Or we go belly up and all of my relatives disown me and I'll be the guy cleaning your windshield on skid row??
So weigh your risks, do your due diligence....
Dean
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