Replies to post #7317 on Imaging Diagnostic Systems (fka IMDS)

[Cool_Trades]

$IMDS >> GE failure:

IMDS debt pal is chump change of a couple million dollars (maybe 1 mil in loans, another mil in employee tax payroll, and another mil in taxes which the IRS has not imposed their lien to stop operations for over a year!) ... $3mil is the pocket change executives of GE got. They just know to OWN the company IMDS and their PRICELESS patents they needed to hold a majority of the A/S, and I'm sure they're not feeling all too good that I exposed their plans to the retail community.

The company filings even stated that the A/S increase was also an anti-takeover device. --> That's right, those words are in the company filings. I would provide you the link if it wasn't that you'd be wasting my time.

Shimadzu has $375 million in cash as of last March, and could pay off the debt in a heartbeat. Notes are due 6/30, and count on it not converting to shares.