IMGG: Imaging3 management stock buyback
(( Notice the price too )))
June 9, 2011
1. Mr. Sohn conveyed 3,300,000 shares to a lender in repayment of personal debt of $631,950.
sec.gov
March 24, 2011 07:00 ET
Imaging3, Inc. Announces Management Stock Buy Back Plan
BURBANK, CA--(Marketwire - March 24, 2011) - Imaging3™, Inc. (OTCBB: IMGG), developer of a breakthrough medical imaging device that produces 3D medical diagnostic images of virtually any part of the human body in real-time, today announced that its Board of Directors has approved the repurchase of an aggregate of up to 5% of its outstanding Common Stock, by the Company's management, effective immediately.
Dean Janes, Chairman and CEO of Imaging3, commented, "Our open market purchases by management over the course of the next year reflects management's continued confidence in Imaging3's business strategy and growth prospects as we continue the FDA approval process. Based on current market prices, we believe the repurchase program is in the best interests of our shareholders," further stated Mr. Janes.
The shares will be purchased from time to time at prevailing market prices, through open market or unsolicited negotiated transactions, depending upon market conditions, in accordance with Rule 10b-18 and the reporting and other requirements of section 16 of the Securities Exchange Act of 1934, as amended. There is no guarantee as to the exact number of shares that will be repurchased by the Company's management, and the Company's management may discontinue purchases at any time that the Board of Directors determines additional purchases are not warranted. The repurchase program is expected to continue over the next twelve (12) months unless extended or shortened by the Board of Directors. |
