As of late last week IMSC was informed by its lender, DMRJ Group, LLC, that it is withdrawing its Notice of Defaults and Notice of UCC Disposition of Collateral. Along with this DMRJ did state that it is willing to enter into discussions and negotiations with Implant Sciences regarding a potential restructuring of the loans and the related agreements.
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About Implant Sciences
Implant Sciences develops, manufactures and sells sophisticated sensors and systems for the Security, Safety and Defense (SS&D) industries. The Company has developed proprietary technologies used in its commercial portable and bench-top explosive trace detection systems which ship to a growing number of locations domestically and internationally.
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