Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
really don't mind selling. Volume is volume is good.
Only time will tell. Ain't going to take much to move us up either way.
Patience gonna pay off? It usually does for me. I'll wait til the end of time
had an email exchange with brian dahmes a couple weeks ago. He wouldn't really answer any questions except that he would forward my questions to Acres and the board.
But the overall tone of the email was positive. Made me infer that something was happening.... things he couldn't disclose.
lol. almost though (kidding... well kinda)
Nice grab. You own the float yet? LOL
think it was etmm..seemed to be on the ask all day and at one point showed 110k on the ask then changed it to 60k...immediately after the change 50k was wacked.
i got 50 of them at 12
I heard it was etrade. I missed it too, was in the early morning
biggest volume day since the last run up to .07 c
did you see which mm it was ?
looks like somebody wasnt patient enough today...Picked up a cpl more here :)
Sure, it is a long read so I didnt read, LOL
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70894042
FINRA Changes. I wasn't away of any. Might you expand ?
I dunno, maybe something to do with the new FINRA short reporting changes? Always felt we were shorted here (in small weird whacks)
seeing that. what gives?
like to see this buying continue...
Hmm, something is up? HDSN came up , now .0195 x .022
Older. But some interesting stuff
http://www.cablegatesearch.net/cable.php?id=08CHIANGMAI160
Happy New Year INVX. See ya in 2012
Hopefully we emerge in Thailand this year
Darn, I didnt get any. Did you?
dirty little pre market trades to bring us down
Good to see u dude. Happy Holidays my friend
Hey cbo,
No, not gone at all, just been quiet and incommunicado over last couple months, been busy with business elsewhere. Either way, eyes remain here over the long term, still watching for anything Cornick might do here. Got dropped as mod it appears because I hadn't posted enough recently. Will add myself back on once I have more time to post.
best,
level
Happy holidays!
I c he removed himself as mod on every ihub board. Hope all is ok with him. Straight shooter.... One of the few here at the hub.
No idea, havent chatted with him awhile. I doubt it but just guessing
See that, one big slap and this could start a big move again
looks like all the MMs are staying away from the ask lately. Only ETMMs 27k anywhere on L2.
Looks like lightning in a bottle. Just waiting for a break
someone was eager to load
good old auto is back on the bid :)
LOL..so true about the big bid. Minute I saw it I slapped for some 16s...curious and excited to see where this one goes
2011 resume
www.mfrall.com/attachments/.../Brian_Dahmes_Resume_2011.2.doc
http://www.cablegatesearch.net/cable.php?id=08CHIANGMAI160
older but interesting
some newer posts on facebook innovex page
good luck translating them
wasn't me either. I've had small little bids in for awhile though...
NITE. I've asked all my friends if it was them, noone knows who it was
Can't see L2 at work... which mm was it ?
let's hope It's Nigel Cornick, LOL
interesting move today. Funny what happens when a big bid shows up.
Sure does like like someone is trying to load. There is just no shares down here to make that happen.
Only one way to go
Wonder what caused the big bid...
Followers
|
18
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
1439
|
Created
|
03/16/10
|
Type
|
Free
|
Moderators |
* This is a speculative play, and while we present filings/documents to back up some of our DD here, as with many pink plays, it is grounded in speculation. There have been filings and documents that have piqued our interest, but as of yet, especially in relation to Thailand bankruptcy proceedings we do not have alot of information. If anyone has access to Thailand bankruptcy and/or court documents or knows how to get them that would be a big help to finding out what is going on with this play. The IBox will be continuously updated as more information is found.*
Basic Information :
Address :
Innovex, Inc
3033 Campus Drive
Suite E180
Plymouth, MN 55441
http://www.innovexinc.com
Phone: 763-383-4000
E-mail: info@innovexinc.com
SEC Reporting Status
SEC Reporting Company
CIK
0000050601
Estimated Market Cap : $184,710 as of November 9, 2010.
Outstanding Shares : 19,443,153 as of Nov 14, 2008. Authorized Shares : 30,000,000 as of Nov 14, 2008.
John M. Clark III | Chairman of the Board | |
Age: 58 | ||
Randy Lloyd Acres | President, Chief Executive Officer, Chief Financial Officer, Director | |
Age: 44 | ||
Brian R. Dahmes | Vice President - Technology | |
Age: 48 | ||
D. Allen Andersen | Director | |
Age: 58 | ||
Philip D. Ankeny | Director | |
Age: 47 | ||
Kenneth Lee White | Director | |
Age: 65 | ||
Thira Wipuchanin | Director |
Background :
On March 30, 2010, Innovex (Thailand) Limited, ("Innovex Thailand") a subsidiary of Innovex, Inc. (the "Company"), filed with the Central Bankruptcy Court in Thailand, a voluntary rehabilitation petition under the Bankruptcy Act for Business Rehabilitation in accordance with Thailand Law. The petition, dated March 30, 2010, was formally accepted by the Thai Court on April 2, 2010 and the decision on the final acceptance and approval to reorganize the business in accordance with the petition is expected to be provided in June 2010. The petition filing pertains to the restructuring plans of the Company's subsidiary, Innovex Thailand and does not extent to cover its parent, Innovex, Inc.
In the petition, Innovex Thailand has requested for its business to be reorganized under the Bankruptcy Act in Thailand which allows for the continuation of its operations while existing debts with all existing creditors are properly restructured. According to the Bankruptcy Act in Thailand, from the period commencing from the day on which the court makes an order accepting the petition until the expiration of period of time for implementation of the plan or the date on which the plan is accomplished successfully or the date on which the court dismisses the petition or disposes of the case or cancels the business reorganization plan, any concerned persons, Company or Partnership such as creditors (secured or unsecured) or owners of material property required for the business operations of Innovex Thailand, will not be permitted to take any legal action against Innovex Thailand. In addition, during the abovementioned period, all proceedings or filing of civil suits against Innovex Thailand and execution of any judgment will be suspended until the completion of the business reorganization or until the dismissal or cancellation of the petition. The rehabilitation petition provides Innovex Thailand with time to properly restructure the existing debt, finalize the potential investment from Standard Chartered Bank, restart its operations and further provides Innovex Thailand with an opportunity to re-emerge as a healthy business in the future wherein creditors will be able to receive debt repayments in an amount greater than the amount expected to be received if Innovex Thailand files for liquation.
http://biz.yahoo.com/e/100409/invx.pk8-k.html
Pretty much what is going on here and needs to be known is Innovex went bankrupt, but they (as far as we know) are attempting to restructure one of their Thailand subsidaries as the new company, and the parent company based in Minnesota is being left alone in this process.
Some DD compiled by various posters the past few months (and will be added to as we find more information, it is extremely difficult to find anything though) :
April 8, 2010 - Rehabilitation Petition
Innovex has announced that its subsidiary, Innovex (Thailand) Limited has filed a rehabilitation petition under Thailand law. The petition, which was dated and filed on March 30, 2010, was formally accepted by the Thai Court on April 2, 2010. In the petition, Innovex Thailand has requested for its business to be reorganized under the Bankruptcy Act in Thailand which allows for the continuation of its operations while the existing debts with all existing creditors are properly restructured. The decision from the Thai Court on acceptance and approval to reorganize the business in accordance with the petition is expected to be provided in June 2010. The petition filing pertains to the restructuring plans of the Company's subsidiary, Innovex Thailand, and it does not extent to cover its parent, Innovex, Inc.
Additionally, as previously announced by the Company on January 6, 2010, the Company entered into an agreement with Standard Chartered Bank (Hong Kong) Limited ("SCB") to restructure its capital structure, wherein SCB will purchase all of the Company's outstanding bank debt, approximately $55 million, from Bank of Ayudhya Public Company Limited and TMB Bank Public Company Limited, at a discount from the total value outstanding and will also provide the Company with additional working capital. Currently, the process is still ongoing pending internal approvals within SCB, reaching acceptable agreements with the Company's current banks on the final purchase price and arrangements or settlements with the Company's other creditors.
While this process was unfolding, a very wealthy and prominent individual by the name of Nigel Cornick started buying up Innovex's stock, as evidenced in the filings below. It should also be noted that when he wasn't buying and when he was finished, the stock barely trades with any volume at all, which leads one to believe it is being held in tight hands.
Cornick Filing : http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7363021
Who Cornick is : http://www.binswangerthailand.com/About_Us/Executive_Team/Nigel_J_Cornick/97/
Also, Cornick was recently on CNBC (Unrelated to INVX) : http://www.cnbc.com/id/15840232?video=1598821324&play=1
Information on Randy Acres, the CFO that was brought in before BK and is now the CEO:
DD by levelnever, MrPink33, Superfly15
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |