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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1123695	Imarx Therapeutics Inc	IMRX	Pharmaceutical Preparations (2834)	860974730

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1489778	James Donald Scotti	11519 Albers Street North Hollywood CA 91601-2610	President	Yes	Yes	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2010-05-28	25,542,784	$0.01	27,850,247	No	4	P	Indirect	Red Cat Productions
$200,000 Promissory Note	Disposition	2010-05-28	0	$0.00	0	No	4	S	Indirect	Red Cat Productions

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	Red Cat Productions
No	4	S	Indirect	Red Cat Productions

Footnotes

Red Cat Productions, Inc., a corporation owned 100% by the reporting person, gave notice of its election to convert a Promissory Note principal amount of $200,000 payable to Red Cat by the Company into shares of the Company's common stock. Pursuant to the terms of the note, the conversion price was calculated as the average three trading prices of the shares of Company common stock on the three trading days preceding the date of conversion.
The shares will be issued to Red Cat Productions, Inc. following an amendment to the Company's certificate of incorporation resulting in an increase in the authorized number of shares of common stock of the Company. The amendment is expected to be approved by the Company's shareholders in July 2010.