million shares for the day. That’s a great progress for IMGG, as the stock has traded much lower over the last week.The latest news on the company appeared to be the stock promotions by www.StockMarketingInc.com, dated back to the middle of this month. However, since then no more announcements on IMGG can be found, except for the discussion on the Investorshub message board, which says that something is going to happen. Rumors claim, that the company is to be approved soon and the investors are advised to buy, though the information is not confirmed yet.
Additionaly, IMGG has filed an 8-K report on its video presentation, released about four months ago. Looks like the investors got attracted by the small piece of information and the stock started to climb up fast.[BANNER]
Imaging3, Inc. is engaged in producing and selling medical equipment, parts and services to hospitals, surgery centers, research labs, physician offices and veterinarians. At the end of last year, the company used to trade much higher, when the price exceeded $1.60 per share. However, this year the stock started to fall and a downtrend occurred.
At first sight, the latest financial results of the company seem to have been improved, however, we should take one more look. IMGG has generated higher revenues and gross profit, though it has suffered a net loss and its liabilities are much higher than the total assets.
By the end of this June, the stockholders’ equity has increased, while the company’s cash resources have decreased. According to the 10-Q report of IMGG, ‘The Company has incurred significant losses from operations, and such losses are expected to continue’ and it ‘intends to seek additional capital and long term debt financing to attempt to overcome its working capital deficit.’
Based on all the above-mentioned, there is substantial doubt about the ability of IMGG to continue its business, unless it succeeds to find addtional capital for its future operations.
