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Microcap & Penny Stocks : IMDS nasdaq bulletin board -- Ignore unavailable to you. Want to Upgrade?


To: Andrew Abraham who wrote (1552)10/7/1998 1:11:00 PM
From: Benoit Desrochers  Read Replies (1) | Respond to of 4122
 
AA asked,

<<Does anybody here know why, after 2 years of saying that it was going to conduct clinical trials of IMDS' CTLM device, the Strax Breast Diagnostic Institute, broke off all relations with the company?>>

I assume you know? Can you give us a clue? Brief mention in an SEC filing this summer;

The CTLM(TM) device was installed at Strax and patients were scanned. Prior to the completion of the 1997 IDE, the Company was advised that greatly improved laser technology would soon become available to the Company. The IDE at Strax and the Company was halted pending the receipt of the new laser. In November 1997 the CTLM(TM) was removed from Strax and, subsequently, the Company withdrew the first IDE.

Would the Legal proceeding have anything to do with it?

On July 10, 1997, the Company filed an action in the Circuit Court of the 17th Judicial Circuit in and for Broward County, case no. 97-10533, against Mr. Valey Kamalov ("Kamalov").

I believe Mr Kamalov was head of laser engineering or something........Ben