Replies to post #22865 on Imaging Diagnostic Systems (fka IMDS)

[jmurfk]

I'm sure they did see something they liked, and then the emails, phone calls, and their deeper DD began.

[stockmasterflash]

Look at IMDS's previous distributors

30-40 announced over the past decade. Big announcements, but then nothing ever happens. Look at the most recent China distributor. Disappeared too.

Look at the Mexico "sale" announced a Nov 2011 delivery date, but it still to this day has not been delivered.

Look at IMDS's Italian distributor. Bought a unit and then ended up suing IMDS.

Canada-- distributor "bought" a unit, but it turned out that the "purchase" was actually a loan.

Take a good look at IMDS's regulatory approval chart. Looks good that they have approval in a lot of places, right? Look how many instances of "expired" are on that list. Approval of a lifesaving device expired????

What the current group of shareholders are seeing are big announcements with big fanfare. Some of us have been here for a decade or more. We've seen dozens of these things come and go.

"This time will be different"!!!

Investing rule #1 (no it isn't)

[LongnShortOfIt]

Camy, quite simple. the bean counter were SECOND to the party. The first in were the sales people and most of them ASSUME that the company is viable. Look at the IMDS website. Do you see any banner that says "WE STOLE THE IRS TRUST FUND MONEY AND THEY HAVE A LIEN AGAINST US"? or "WE'RE 5.5 MILLION IN DEBT"? or "WE'RE IN A TOXIC DEATH SPIRAL FOR FINANCING"?

No, it's all fluff and how great things are. Pure propaganda. It takes the beanies to look deeper and to their DD and that is done through the SEC filings.