Imaging Diagnostic Systems (OTC:IMDS) Fighting Breast Cancer with Real Time Results

Imaging Diagnostic Systems (OTC:IMDS), a pioneer in laser breast imaging, announced today that a Premarket Notification 510(k) was submitted on Monday, November 22, 2010, to the United States Food and Drug Administration (FDA). With this submission, the company moves forward in the process of seeking marketing clearance for its innovative breast imaging device, the CTLM system.

Volume has already topped 10 million shares, as I write, and IMDS has a gain of 87 percent so far today to boast about. The company has an average daily volume of 1.5 million shares and a market cap of $38 million.

The CTLM system is an innovative breast imaging device intended to aid in the diagnosis of breast cancer in a non-invasive procedure. The patient lies face down comfortably on the scanning bed for approximately 10 minutes until the scan is completed. CTLM uses state-of the-art laser technology and proprietary computed algorithms instead of x-rays and breast compression to create three-dimensional views of the blood supply in the breast. These images can be used to complement current breast imaging modalities, providing additional information on the nature of breast abnormalities.

“This submission is a significant step toward the realization of our dream of marketing this unique breast imaging device throughout the United States,” stated Linda Grable, CEO of Imaging Diagnostic Systems. “CTLM has the potential to be a significant addition to breast imaging facilities, especially in difficult cases, like patients with dense breasts. We are committed to getting this product to market as quickly as possible, while simultaneously developing strong distribution channels and marketing resources for its launch."

As breast cancer is the most common cancer in women worldwide, the emphasis on breast cancer screening and detection has steadily increased. According to the World Health Organization, survival rates vary widely throughout the world, from more than 80 percent in the United States, Sweden, and Japan, to under 40 percent in poorer countries. In the face of these statistics, along with the benefits that the CTLM system offers to women and their physicians, the system is rapidly gaining international recognition.

Imaging Diagnostic Systems will continue to market the CTLM system and to work with its international clinical sites, where the system has gained approval. The documentation and the data submitted to the FDA will now officially enter the 510(k) review process.

The G: You Don't Want the Doc to read " US Govt vs Your Name"

Most market regulation happens on the back of a large decline. Useful security laws were created for US Markets in the 1930's protecting the everyman, and I have always held the opinion of Milton Friedman who thought insider trading should be legal, and if the secretary over heard the news of a takeover - she would buy stock first - before others, and she should have that right due to her proximity and the natural law.

Not everyone feels like Uncle Milton and since 1929 The G developed a personality reflected by this journalist in the late 20's...... I always contend, you don't want the document to read "US Govt vs Your Name".

" Congress did not take away from the citizen his inalienable right to make a fool of himself. It simply attempted to prevent others from making a fool of him. As to its efficacy in regulating securities issuers, the sunlight theory may be summed up by a saying: Those who are forced to undress in public will presumably pay some attention to their figures."

The great stock market crash of 1929 and the ensuing depression are generally credited with providing the impetus for federal securities legislation. The first major federal legislation enacted in reaction to the stock market crash was the Securities Act of 1933 (the "'33 Act"). The '33 Act, administered by the newly created Securities & Exchange Commission (the "SEC"), provides for the registration of the initial distribution of most securities. During its consideration, some legislators wanted the law to take the form of the New York Fraud Law while others wanted it to provide the type of merit tests which are now found in some blue sky laws.
The original draft of the '33 Act did contain merit tests, but they were deleted in the final draft. The law provides for full disclosure of all material facts. This "sunlight theory of regulation" is based on the assumption that if investors are given all of the necessary information they will make wise investment decisions and clearly FINRA and the New Millenium Manhattan prosecutor have taken the Gallion facts and rooted back into the dark underbelly of research and non public information......more to come on this story.

5 Things To Know Before Trading

Stocks in Asian trade were generally weak in reaction to news of a military exchange between North and South Korea. The Nikkei managed a gain of almost one percent, but the Hang Seng lost 2.7%, Shanghai was lower by about two percent and Australia fell more than one percent. European indexes are also lower on the session. The Footsie is currently down about two thirds of a percent and the Dax is off a fraction, but Ireland is down about two percent and other Euro/peripherals are down one percent or more, as the debt spreads for these countries are again widening out from the German baseline. US stock futures are down about three quarters of a percent or so.

*North and South Korea exchanged artillery fire earlier today; at least two South Korean marines are said to be dead and several others have been injured on an island that is just off the west coast of the peninsula within disputed territorial waters. As is often the case when dealing with conflicts involving North Korea it is not clear what sparked the conflict, or for that matter if the problem will escalate.

*The final reading of Germany’s Q3 GDP was unrevised +0.7% on a quarter on quarter basis and +3.9% year on year; growth was driven by strong exports and personal consumption.

*The November reading of Germany’s manufacturing sector Purchasing Managers Index was up more than two points on the month to 58.9, well above the estimate for a fractional gain. The November reading of their service sector PMI also beat the forecast with a monthly gain of 2.6 points, it rose to 58.6..

*In October there were 30,766 loans for house purchase in the UK, according to the British Bankers Association, slightly under the estimate.

*The weekly report on chain store sales from ICSC will be released at 6:45am CST. The Johnson Redbook report on the same thing is due out at 7:55am CST.

*The first revision of the Q3 GDP is due out at 7:30am CST. Headline GDP is forecast to be revised up to 2.4% from the initial report of 2.0%. However the key Q3 Personal Consumption component is expected to be revised down one tenth to 2.5% and the GDP Price Deflator is expected to be unrevised at 2.3%. The Core PCE price measure is also expected to be unchanged at 0.8% on a quarter on quarter annualized basis. The October reading of Existing Home Sales is due out at 9:00am CST; Sales are forecast to fall 1.1% from the pace set the month before to an annualized rate of 4.48 million units.

*The November reading of the Richmond Fed Manufacturing Index is due out at 9:00am CST, it is expected to improve one point on the month to 6.

*The FDIC will release their Q3 report on bank earnings at 9:00am CST.

*The Fed is scheduled to buy TIPS today that are due to mature between 7/15/12 and 2/15/40; the results of the operation will be announced just after 10:00am CST.

*The Treasury plans to sell $35 billion 5 Year Notes today; the results of the auction will be announced just after noon CST.

*The minutes from the November 2/3 FOMC meeting are due to be released at 1:00pm CST. In addition to the minutes the Fed will also release their Summary of Economic Projections, which will extend out to 2013 for the first time.

The Expanding Applications of GPS Technology

Aisle411, the mobile application designed to help locate items inside retail stores hits the market today. The introduction of Aisle411, currently available only on the iPhone, is among the vast indications that GPS based apps are in high demand within the mobile community. Mobile applications aren’t just changing the way we get our directions, they’re changing the direction of GPS technology. More and more, as evidenced by Aisle 411 and other GPS apps designed to help us save time and eliminate hassle, GPS is undergoing a major shift. It’s not just about getting there any more, it’s about getting their faster and eliminating as much hassle as we can along the way.

Going to the grocery store used to mean wandering around the frozen foods aisle looking for pizza only to find it next to the ice cream and not the frozen vegetables. Now, if you’re shopping in one of the places where Aisle 411’s service is applicable, only in a few grocery stores in San Francisco, Chicago, St. Louis, and San Jose, Calif., that challenge no longer exists. The focused nature of Aisle 411 is representative of a major shift in the way consumers use GPS, not just to get there, but to get there faster.

Earlier this year the release of Happy Hour, a GPS fueled application that points users in the direction of the nearest Happy Hour, with details on the drink specials is also designed to help shave off extra minutes anywhere we can. The same could be said of the popular retail app released last year that employed GPS technology to find the best deal on an item at the nearest retail locations.

The improvements in accuracy of GPS in the last year or so have led to a flurry of new applications, many of which have gained popularity as a result of their capacity for eliminating everyday aggravations once considered inevitable. 83% of people have said they have experienced difficulty finding an item in the grocery store, now they don’t have to. One of worst parts of holiday shopping is finding out you missed out on a deal and now, both of these could conceivably be a thing of the past.


“The rapid rate of smartphone adoption is unparallel to previous technologies that over time became ubiquitous. We are at the very beginning of this wave and already it is larger and has more momentum than ever measured before,” says Patrick Bertagna, the CEO of leading GPS company, GTXO.

Smartphones are a huge game changer for the GPS industry and the more people buy them, the faster that change happens. People now want more from their GPS than just directions. They want to be able to locate items, venues, packages being shipped or lawless teenagers out past their curfew. Today they have applications for all of these things.

If GPS is going to fulfill practical applications outside of the car, that means they have to be as portable as the people who use the technology. Bertagna, like Aisle 411 CEO Nathan Pettyjohn, was able to envision this, concentrating on the practical applications of the technology and how they can apply to personal and business needs beyond the original parameters drawn out at first introduction. Just like we no longer have to spend 30 minutes trying to find our way back to the freeway after taking a wrong turn, GPS is helping us get everywhere faster than we otherwise could, whether it’s to the bar, to the party our teenage son is attending after hours or even just to the produce aisle.

CANA-General Cannabis Moving Forward with Plan for Multi-Platform Management

The failure of Proposition 19, the initiative to legalize recreational marijuana use in the state of California quieted many marijuana companies looking to be among the first publicly traded participants in the anticipated “Green Rush” projected to follow the bill’s passage. The same can’t be said of General Cannabis (CANA.PK), which unlike most corporations angling for a piece of the pot pie, has managed to stay afloat and continue moving forward in the face of the disappointment. The latest in a string of new updates from the company is the purchase of Weedmaps.com or Weedmaps, LLC. A combination of cash and stock with additional earn out potential for the two co-founders of Weedmaps, LLC, Justin Hartfield and Keith Hoerling, the buyout is among the first of several decisive business moves planned for the near future.

The purchase of Weedmaps.com fulfills the aim of the company to solidify itself in the arena of media and technology within medical marijuana. Weedmaps, described by its founder as a sort of Yelp or Wikipedia for medical marijuana, already boasts 50,000 members and 4.2 million in monthly page views. The company is expected to bring in $4 million in revenue by the end of the year.

"This purchase has been in the planning stages for a long time and we are incredibly excited to have completed the transaction. We believe there is tremendous potential in the Cannabis industry, and General Cannabis truly represents the future of the industry" said Hartfield.

The future of the industry, if Hartfield is to be believed, is the corporatization of medical marijuana, the objective of General Cannabis. Until now, the medical marijuana industry has been extremely fragmented with small and divided operations, rather than one company that possesses the capacity to do It all from research, to growing, to doctor and dispensary management. General Cannabis aims to be the first that does it all and their acquisition of weedmaps is among the initial steps of making multi-platform management a reality. The ultimate goal of the company, the one that separates it from the early publicly traded companies with more narrow stances is their intent to establish eight separate subsidiaries or corporate objectives that encompass all angles of the industry including, medical management, internet and media, financial services, product development, industrial agriculture, dispensary management, political relations and philanthropy.

"The acquisition of Weedmaps, and the addition of Hartfield and Hoerling to the intellectual and creative process of General Cannabis will create a wealth of innovation that this Company intends to develop as it redefines this industry,” said Doug Francis, Chairman & President of General Cannabis following the finalization of the purchase. “It is the goal of General Cannabis not just to offer exceptional service for our end users, but to create multiple vertical operational and B2B services that simultaneously capture significant market share while creating new ancillary businesses along the way."

Another 52-Week High for ZAP (OTC:ZAAP)

Electric vehicle pioneer ZAP (OTC:ZAAP) completed its initial down payment of $10 million towards the 51% acquisition of Jonway Automobile. Jonway Automobile plans to complete an audit of its financial statements by December 31, 2010 and thereafter, ZAP intends to finalize the acquisition with the payment of the $19 million balance of the $29 million purchase price.

In late trading, shares of ZAAP hit a new 52-week high of $1.06 per share on heavy volume of more than 2.2 million shares compared to its average daily volume of about 200,000 shares. ZAAP has a market cap of $116 million and a 52-week range between $0.17 and $1.06 per share.

Jonway Automobile reported sales of over 4,000 gasoline vehicles through the end of September 2010, and projects total sales of over 6,500 vehicles by December 31, 2010. Jonway Automobile reported that wholesale sales prices of the vehicles averaged $10,000. Jonway Automobile projects year-end revenues for 2010 to increase more than 40% compared to last year with its current gasoline vehicle product line. Jonway Automobile reports that it is debt-free, cash flow positive and able to finance its gasoline product revenue growth at the same rate for 2011.

Under the new equity structure, Jonway Automobile will be 51% owned by ZAP, and 49% by its original parent Jonway Group. This equity ownership transfer was approved by the Chinese government on October 3, 2010. Jonway Automobile plans to ramp up production of the A380 SUV electric vehicle (EV) in the first half of 2011 together with ZAP’s Alias EV by third quarter 2011 at their Sanmen, Zhejiang factory. By combining Jonway Auto’s ISO 9000 manufacturing facilities, capable of delivering over 50,000 vehicles per year, with ZAP’s EV technologies, products and expertise, the company aims to lead the emerging EV fleet market in China.

Alex Wang (Wang Gang) was recently appointed by ZAP’s board to be Co-CEO of ZAP. ZAP (Jonway) will expand the market to sell both gasoline and EVs from China to rest of the world.

ZAP (Jonway) recently showcased its EV product line at the 25th Electric Vehicle Symposium in Shenzhen to launch its EV sales in China targeting volume production delivery by the first half of 2011.

Focused on delivering quality products, Jonway started to sell its A380 SUV product line last year, offering quality and value incorporating a Mitsubishi power train. ZAP (Jonway) plan to enhance manufacturing facilities to produce electric vehicles in Jonway’s 3.6 million square feet of factory facilities on the 141 acres of land in Sanmen, Zhejiang Province, China.

ZAP is one of the oldest EV companies with extensive industry experience in EV product design and conversions. ZAP supplies electric trucks and vans to the military, government and corporate fleets and is one of the early pioneers of electric motorcycles, scooters and ATVs. The Santa Rosa, California based company offers a product line of all electric trucks, vans, sedans and motorcycles in production today.

Solar Thin Films: (OTCBB:SLTZ): Q3 Earnings Lifts Stock

Earnings are always one of the biggest drivers for companies to boast their performance over the previous quarter. Solar Thin Films (OTC:SLTZ) reported its third quarter earnings today and since have incurred significant volume and gains. In early trading, shares of Solar Thin Films jumped 14 percent, or 6 cents per share, to $0.48 per share on heavy volume of nearly 300,000 shares. This lightly traded SmallCap stock has a market cap of just under $10 million.

Solar Thin Films today reported earnings of $618,291 ($0.03 per share) on revenues of $1,048,232 for the quarter ending September 30, 2010. This compares to a loss of $833,956 ($0.05 per share) on revenues of $2,181,056 for the quarter ending September 30, 2009.

For the nine months ending September 30, 2010 the company lost $324,294 ($0.02 per share) on revenues of $2,232,747 as compared to the nine months ending September 30, 2009 when the company showed a loss of $2,329,807 ($0.18 per share) on revenues of $8,402,980.

Solar Thin Films develops, manufactures and markets a complete line of manufacturing equipment for the production of "thin-film" amorphous silicon photovoltaic ("PV") modules through its subsidiary Kraft Elecktronikai Zrt. based in Budapest, Hungary. The Company sells both "turnkey systems" and sub-systems to customers currently located in China, Spain and the United States and has produced equipment for installations in the US, Germany, Portugal, Taiwan, Greece and Spain.

The Company believes that its line of thin-film photovoltaic manufacturing equipment positions it to take advantage of the rapidly growing demand for solar modules and an expected market shift towards "thin-film" PV modules as part of a cost effective, "clean technology" energy solution.