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Image Scan Holdings – distribution agreement, another false dawn or something more?

By Steve Moore | Wednesday 29 October 2014


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Shares in Image Scan (IGE) currently trade more than 13% higher, at 2.125p, on the back of an announcement of an initial two year partnership agreement for the distribution of its portable X-ray security product range throughout Canada, the Caribbean and Central and South America. Is this though more than another false dawn for this, despite being founded in 1996 and joining AIM in 2002, still loss-making company?

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