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Nice volume today. Need more bidders.
8-k filed Friday after the close. Loads of information. Company needs to do a conference call to spread the word out to investors. This business shift is a great idea.
Per LinkedIn, Chad is the Chief of Cultivation for Alamo CBD as of 3 days ago. His term as Chief Innovation Officer at Indoor Harvest Corp is complete.
They can buy stock during the 30 days after filing financials. Otherwise, they may not buy or sell.
Increase your size? Hmmm...
I just started looking at this ticker, and the 6 month chart looks pretty dismal. Is there something coming that I haven't gotten to yet?
Its been pretty quiet since the last set of PR's. Their next Q is due in a few weeks.
This is either the buy of a lifetime or a massive fail by management team. The way the stock is trading it seems like this has been answered.
Vertical Farming Industry Learning From Its Mistakes
https://www.linkedin.com/pulse/vertical-farming-industry-learning-from-its-mistakes-chad-sykes
company is way too quiet when stock is in free-fall
as a shareholder with a tiny position that would sure get me intrigued to increase my size drastically
Will insiders start buying stock to show confidence ?
Thats a major positive to me.
Hayden IR
http://www.otcmarkets.com/research/service-provider/Hayden-IR?id=1066
Not too good for pennys. INQD desperate for investors because .40 (and now .30) didn't hold and 11 investors lost 50% of their value in such a short time since the Boca Raton Florida Jason Lyons scamference?
Well they have gone full MJ if their raison d'être is MJ "production IP" now. Although who knows how long that will last until the next "pivot".
That means fins that will not show ANY revenue of significance for the foreseeable future but I am willing to bet a ton of penny financing. The share price may get to ride the odd MJ wave...but that is all an "investor" can really hope for.
Maybe he'll go bitcoin, VR or 3-D printing at some point.
All they can produce now to get any movement will be hype.
I am biased against most penny stock CEOs, especially ones with stock promotion backgrounds. I try to set that aside, and I feel like I was a huge advocate of this company and its prospects. I and many of its investors are left wondering why we had confidence. Hopefully the company is able to realize a return on its technology. I wish them the best, but I will call them out if they publish bogus revenue guidance or make claims that are illegal, like getting a license in CO.
"The company may prove out its technology"
Correct...but Chad uses the past tense "proven" in regards to exacting Cannabis expression...and then points to apparently undisclosed and confidential information to support his statement...
...and yet he says we are biased in our skepticism????
lol.
The company may prove out its technology, but it has executed just horribly. Anyone who bought private placement shares at .50 or even .25 before the company went public is underwater as are almost all other current owners. To see a quarter with ZERO revenue, especially after that guidance, meaning that the company can't find customers, really says it all.
The company just hired someone to help tell their complicated story to potential investors, but it seems like they need to hire someone who can explain their value proposition to customers.
So INQD has "proven" it's Cannabis expression capability through MIT? And this report is top secret?
"It's been proven at MIT."
It has? Wow... so I can see this evaluation where...?
It's been proven at MIT. How about the Tweed project?
Also you can do business in Colorado just currently can't own the license (which if you care to inquire about looks like it's about to change).
That's just it. He throws out these statements that have little objective reality. Proven??? How, where, when?
If he is referring to the Tweed pilot...given that nothing has been released, provided or otherwise disclosed...is he not getting ahead of himself? (not that I expect any sort of peer reviewed independent evaluation)...
But then that is how he rolls.
The entire basis for the spin off was to separate the Cannabis and non-Cannabis applications of the technology. The Cannabis side was going to catapult off of a Texas license and somehow exploit a Colorado license (which BTW publicly traded company CANNOT have ANY ownership interest in). The "non-Cannabis" part Indoor Harvest Corp...was going to be able to distance itself from the Cannabis parts as he indicated to me that his non-Cannabis customers and financiers weren't comfortable with it.
But now we are back to a single pubco WITHOUT a Texas License nor an ability to get a Colorado one...
...so does that mean the non-Cannabis clients don't figure into the mix anymore?...and somehow they have created all this tech for Cannabis "expression"??
INQD is now a full blown OTC penny marijuana company...which is not the best company to keep.
"You forgot about the part where we have proven our ability to chemically express cannabis with precision and have partnered with a Biotech based in the Texas Medical Center that can measure patient efficacy in real time using cannabis derived chemicals."
Who's ability precisely?
"Maybe try reading the filings and news. It's been disclosed."
Therein lies the problem. Are we talking about the pivot away from Cannabis by separating into two companies since the Cannabis opportunities in your pipeline had gone from 6 to 2...and your "clients" who didnt want to be associated with a "Cannabis" company..
...or...
before that goes anywhere...you "pivot" back to not spinning off the vertical farming and keep it as one AFTER Alamo CBD doesn't get a Texas license AND you realize INQD cannot have any ownership of a company with a Colorado license?
...I read everything
Penny stocks are never short of folks "pointing out the things that are right"...to a fault.
As for the "pivot"...what exactly is that now? What are you giving up and what is new?
Closed my position today. Sold half a few weeks ago and finally got out today. As an industry guy, I am strong believer in HPA and the ability to induce certain chemical expression in the plants. However, I can't afford to keep losing money on this stock. Chad, good luck to you and the company. Good luck to Texas Cannabis. And good luck to all the investors on this board.
So the share count that was going to rise to over 40 million shares is now going to be closer to 25 million.
"Alan has a bias against me personally and constantly fails to recognize the technology side of what we're offering. The scoring is one of the major disputed items."
So his observation of where you scored is his bias???? He merely stated a fact. And frankly, as I have observed a number of times...you have continuously made forward looking statements, projections and "guidance" that have rarely been realized.
The criticism he and I have leveled is entirely warranted.
His bias is very clear. Seems he gets his other members to back him up. You really need to get the word out about what your doing. It was be interesting to see his posts after you accomplish these goals!
Yet as Alan pointed out. Alamo didn't even make the top third in the ranking. What is suddenly going to vault them past everyone else? And how do you plan to keep the lights on with essentially no revenue while you fight the good battle in Texas?
I see the Medical Association is brand new...I was think the TCIA.
They made the $3.7 million revenue projection in January for the quarter ending in March....two and a half months later. They then delivered ZERO.
Sorry...there are only two possibilities, they were either intentionally misleading (and knew the had no chance of meeting that) or incompetent.
Take your pick.
But it hasn't been only that. Their "guidance" aka "forward looking statements" since the beginning haven't been worth a warm bucket of spit.
Why should it be any different now?
This is a joke. Don't waste your money on these jokers!
They stated many months ago they wouldn't hit those projections because of business/political environment so they announced change in business plan. 2 posters here continue to beat this drum for some odd reason. As a long term shareholder I applaud the job management is doing.
"Looks like INQD figured out it can't actually hold the license..."
Between that and the January revenue projection that was completely bogus...why is anyone suppose to believe any of their forward looking statements?
As for their decision to join the Texas Medical Cannabis Assoc...they didn't do this 6 months or a year ago because....?????? They suddenly realized it might be a good thing to join? <roll eyes>
As for the Texas license, the top 5 who didn't make the cut with a Texas MIGHT have a case...but not Alamo.
Regardless...they are going to continue to be dependent on external financing for the foreseeable future...while the balance sheet continues to deteriorate.
I have been keeping an eye on this company for awhile and see the news out today seems to shed some light. I wish there was more volume would like to build a position.
Many points were cleared up that other posters have been asking about. It was stated they wouldn't adjust Alamo deal. Texas isn't dead and they are looking to make a deal with a license holder and could potentially but the license. Big news to me.
Whoo-hoo. All aboard!
Not sure I would go with "BIG NEWS OUT". More like damage control. The company has made a mess of itself and has lost all credibility. The only thing it has going is a very low market cap which is now even less low due to the share reduction.
BIG NEWS OUT
they stated previously they can't hold license currently but if law changes they have option to buy it.
The buyout price on Alamo much less
Texas still in play
Looks like INQD figured out it can't actually hold the license...
~VISION: We see a future where sustainable hemp-based products replace hydrocarbon
products through the engine of capitalism. A world that benefits globally and
environmentally from the hemp plant being brought back to industry
as the artifacts of prohibition become part of history.
( OTC: INQD )
~ Website Update Feb.14, 2022 ~
~~~
~New Developments & Important Links~
~Indoor Harvest Corp. Acquires 60% Controlling Interest~
in Metabiogenix USA® for $2.5M in a combination
of cash and common stock. – May 8, 2023
https://www.otcmarkets.com/stock/INQD/news/story?e&id=2520432
~~~
~ Indoor Harvest Corp. Announces Completion of the ~
Acquisition of 369Hemp® - May 1, 2023
A State-of-the-Art Hemp Cigarette Manufacturer Headquartered
near Winston-Salem, North Carolina.
Indoor Harvest Corp. (OTCPK: INQD) (the “Company”) a company focused on sustainable-hemp and
wellness related products, is pleased to announce the completion of the acquisition of
Opportunity Development Group, LLC, and its subsidiary 369Hemp, Inc.
(collectively referred to as “369Hemp®”), for a combination
. . . of cash and common stock.
https://www.otcmarkets.com/stock/INQD/news/story?e&id=2512976
~~~
~ AUSTIN, April 20, 2023 (GLOBE NEWSWIRE) - Indoor Harvest Corp.~
~ Indoor Harvest Corp. (OTC: INQD) Announces The Appointment ~
of Leslie Bocskor, June 16, 2022 . . .
the current Chief Executive Officer and Chief Financial Officer, to a director position and
Chairman (the “Chairman”) of the Board of Directors (the “Board”).
Departing directors were invited to continue their relationships as consultants to the Company.
Leslie Bocskor has built a team that brings operations, corporate finance, and regulatory and business strategy
experience spanning decadesthat will support the development, and growth of internal and external
businesses by the Company. His industry presence provides a tremendous amount of branding
and marketing power to build, and increase the shareholder and investor base.
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