There are three types of income—earned, portfolio and passive...

There are three types of income—earned, portfolio and passive income. Most types of passive income are derived from rental/property, while other types of passive income are derived from royalties from patents or license agreements.

An income stream falling into this category is one where money is received usually on a regular basis, without continuing effort. This does not mean no effort at all; most passive income streams require great effort to start with From Wikipedia:

I believe in the not too distant future IMI will be generating a passive income from their Cardanal Technology and intelliheart units. After an initial aseessment patients identified as being at risk will require ongoing checkups it is the repeat business where IMI will be generating a passive income requiring very little effort on their part.

At this stage however until they outline their business model and what they expect to earn from each test we should continue to see significant fluctuations in the price as people continue to speculate as to what is fair value. This week has been fueled by a lot of emotion and speculation making it very difficult to predict which direction the price is heading.

What i do know however

In the last eight weeks the closing price on Friday has been higher than the opening price on Monday in all but one week.

IM Medical has also applied for TGA approval for the Cardanal Predictive Index, which provides cardiologists with faster and more reliable tools to diagnose heart conditions. “We expect to hear back on this application soon,” Mr Bonvino said.
Soon indicates to me that it could be any time now. They indicated in a previous announcemnt that they expected to have FDA approval in August part one is completed and part two should be due before the end of the month.

They have stated that their Cardanal technology will be used in the Intelliheart units. Once FDA approval is given thhis should follow immediately.

IMI have over 100 machines placed in clinics throughout Australia with more to follow. With the Cardanal technology being available and over 50 million ecg done in Australia thay are strategically placed to capture a significant % of ECG tests.

They will be doing their Global rollout in September. Based on previous announcemnts being on time there is no reason to believe that this will not happen.

They have indicated that they are now expanding into workplace wellness assessments within Australia. We should see further announcements in the near future.

I could go on but with what they have have in place at the moment I have no doubt that they are going to be in a better position financially in the next six months than their current position.

With regards to the shares on issue people seem to be making a big deal about it. It is a five cent company at this stage the number of shares are irrelavant as indicated by the turnover this week. If they were to consolidate people would be winging that they can't get enough. When they start generating a positive cash flow and have put in place their plans then they can look at what they might like to do. I would not be surprised to see a share buy back with the capital being generated. I am sure Mr Blood and Bonvino would be supportive of this.

To all IMI holders I believe the next six weeks will be a company maker. Once placements of the Cardanal tecnology starts occuring you won't see this under ten cents again. Current price fluctuations will be a distant memory. haveagoodweekend.