Replies to post #14362 on Imaging Diagnostic Systems (fka IMDS)

[~ Blue ~]

IMDS will sell 20 CTLM to China and Mexico

RECENT 10Q, March 31, 2012

In December 2011, we announced that we signed an exclusive distribution agreement with ID Matrix Systems to market and sell our CTLM® systems to private and government hospitals and private imaging centers throughout China and Hong Kong.


The agreement stipulates that ID Matrix must purchase a minimum of 15 CTLM® systems within the first year of the contract along with a 50% deposit with each order to remain our exclusive distributor for the territories.


RECENT 10Q PAGE 66

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8632452

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First of Five Systems sold to Mexico


First of Five Systems to Be Installed
Wednesday, November 23rd, 2011


FORT LAUDERDALE, Fla., November 3, 2011–(BUSINESS WIRE)– Imaging Diagnostic Systems, Inc., (OTCBB:IMDS.OB – News), a pioneer in laser optical breast imaging announced today that it has sold the first system of five ordered to be installed in Mexico. The system is scheduled to be installed during the third week of December. The purchase order was made through its exclusive distributor Kepter Internacional for Estados Unidos Mexicanos.

Kepter Internacional is scheduled to hold a presentation featuring the CTLM system and announcing its arrival to Mexico in January in front of the COFEPRIS (Health Ministry) of Mexico. Kepter Internacional is the exclusive agent for Imaging Diagnostic Systems, authorized to promote, distribute and service the CT Laser Mammography (CTLM) System throughout Mexico.

http://www.imds.com/news/2011/11


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IMDS MARKETING DIRECTOR RICHARD GRABLE SAYS CTLM PRICE 495,000 DOLLARS

The company Phone: [phone]

[stockmasterflash]

Stiffing your lender doesn't require an 8K

If IMDS doesn't pay and refuses to convert, not like they are going to tell us. Just like their Lawsuit loss to Regionsbank

Notice the default judgement and garnishment of IMDS's accounts by Regionsbank last week. I don't recall IMDS saying that they had lost an $140,000 lawsuit.

[jmurfk]

Sorry pal. Yes, debt reorganization, like an extension, does require an 8K;

an extension was granted for the payment which does not require an 8k,

A CTLM does not sell for $495K. If they did, the financials would reflect it, and they don't. The most recent financials reflect 2 CTLMs selling for$160K and $100K.

Each CTLM sells at a retail price of $495,000

No distributer is "under contract" to buy any. That is a stretch. If they don't sell 15 in a year they lose the distribution rights. They don't appear to care. They sold one for $100K and they're 7 months into the agreement.

Their Chinese distributor is under contract to purchase 15 units within this year,

Also, no way FDA approval happens this year. Sorry pal, Mrs. Grable doesn't agree with you either on that timeframe.

[flemdog33]

The same folks who were claiming dilution looked at the 10-q where the debt converters converted roughly 370m shares in late April and may and a significant discount and you haven't seen June yet. That's dilution at it's finest, no? Now the debt that was owed on 6/30 was a date they had until to pay it off. It takes about 2-3 weeks from that date for them to get their shares and that's why mid-July.
1) have they ever sold a unit for $495k?
2) have they shipped a single unit to china in seven months?
3) have they repaid their IRS debt?
4) have they shipped a single unit to shimadzu?
5) do they have the ability to even sell to Australia?

The answer to all is no! Now mix in this unit to Mexico sitting in a warehouse somewhere and it's just perfect. All that you post is great if true but where is the proof to back it up besides shimadzu re-posting a PR on their site?