Sorry everyone. I was trading most of the session and didnt have a chance to stop by to see the outstanding move in IMDS.
Earlier I read an email directly from Shimadzu confirming that they have NO INTEREST in anything having to do with Imaging Diagnostic's capital raise, or providing them with funding (toxic, non toxic or otherwise).
There are NINE more business days left for Ms. Grable to raise $756,000
As it factually states in the 10-Q report ending March 31, 2012 - IMDS has until July 30, 2012 to FULL SATISFY that note.
The hundreds of millions of shares that have been being sold (for years actually), are DEFINITELY (without question) coming from IMDS's main source of TOXIC, DILUTIVE, PIPE financer SouthRidge.
Again, look no further than the 10-Q to identify with the facts.
And do understand that it matters NOT as to the actual price per share that IMDS trades, in as much as it matters that there is still a BID (at any level) coupled with high enough volume (thanks to retail traders/investors AT THAT BID) for SouthRidge to convert their DEBT into EQUITY.
I just did the math and realized that there just arent enough remaining shares in the A/S to issue to SouthRidge at .00015 to service this debt.
Short of a reverse split (which many claim the CEO would NEVER contemplate doing, as she's never done it in the past right?) - followed by an increase in the O/S so that SouthRidge could blow out more shares ; I'm hard pressed to identify a valid reason how she will be able to turn this ship around.
Maybe just deregister the shares and go private?
Im suprised the office of DTC has yet to step in and chill this once and for all, seeing as how their purpose is to protect shareholders against seemingly fraudulant & dilutive tactics used in choosing the toxic debt laden floorless convertible route that IMDS did.
Clearly, by looking at a multi year chart and noticing the severe downtrend, one does not need to venture far away from the verbage in the 10-Q report to verify SPECIFICALLY who and how many shares must be converted and sold into the open market on a daily basis to service both short and longterm debts (promissory notes paying insane MONTHLY interest rates of 2-5%, and stock conversions of 50 - 70% off the lowest bid price).
It saddens me to know, that you are all AWARE of the 10-Q verbage and the significance of the dilution thats been ongoing for nearly TWO decades, yet turn to "daily" short interest figures for your answer.
Please understand that short interest (as per FINRA guidelines), is reported TWO TIMES PER MONTH and any "intraday" short interest figures you are witnessing, are put into the SHORT INTEREST column because they are FRESH NEW SHARES being unlocked from the A/S into the O/S at a 50%+ discount to the lowest bid.
I do believe this FACT has been stated a myriad of times before, so i will leave it alone.
My postings here are limited to just 2 per day, so the frequency of my posts are obviously handicapped.
Good luck everyone, and "GO IMDS !!"
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