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Yes great news
Some positive news out just now https://www.businesswire.com/news/home/20191120005555/en/Innovest-Global-Announces-Quarter-2019-Earnings
I've got 30,000 shares and would like to double this. I do believe in this company long term. Its just taking longer than Id hoped which is exactly why I want to be able to load up at these prices now. Anything that can be bought sub .20 is a bargain.
What kills me is the big ass spread. If it's going to sit at .17, then let us fucking pick some more up at that price.
Absolutely agree. But they need to get their shit together because even I'm getting impatient.
I got an email some weeks back that this was the plan. I don't have a clue why theyre stalling.
Not a chance..but not happy with the action lately
Looks like someone just got impatient and offloaded. This stagnation is getting ridiculous.
Yep but as you see it does nothing for the stock price anymore. This needs to be uplisted to garner attention. Bottom line
Im definitely not happy with this movement either.
WOW! $IVST biotech big recognition! Pasadena Awards names ??@StemvaxT? top Pharmaceutical Company in Pasadena! Huge news ahead of planned spinout of #biotech division to its own public company!
Good morning all looking forward too another great day. This should be trading at easily .50 but really based on all the recent news a $1.00. I'm picking up more whenever I can and have accumulated 30,000 already. Looking for more as soon as I can.
Damn I want more it’s hard to buy this! Going to sky rocket from here
Exactly this is as legit as they come! Just need more awareness
Yes I think someone just got impatient and sold off their shares. Big mistake IMO. I am still trying to load as much as possible. Looking for at least another 5,000 in the next few weeks and hope to add that month every month or two
Picked up more! trying to load as much as possible!
Wake him up
MAJOR NEWS Innovest Global Appoints New Finance Leader and Sets Investor Conference Schedule to Take Company Through Next Phase of Growth
With strong first half 2019 sales over $30 Million, Innovest Global continues into next phase of growth with the addition of a seasoned finance professional Indrani Egleston and targeted Institutional Investor efforts
CLEVELAND--(BUSINESS WIRE)-- Innovest Global Inc. (OTC Markets: IVST), a diversified industrials company, announced the appointment of Indrani Egleston as the Executive Vice President of Finance and Controls effective immediately. Ms. Egleston brings strong financial and professional public company experience to Innovest Global. She has held various strategic leadership financial roles including Internal Audit, Controlling, Financial Planning and Analysis and Mergers and Acquisitions throughout her tenured career at Covia Holdings Corp. (NYSE:CVIA, formerly Fairmount Santrol NYSE:FMSA), Nordson Corporation (Nasdaq:NDSN), and PWC LLP. Ms. Egleston holds an Executive MBA from Case Western Reserve University and a BBA from the University of Michigan and will oversee our finance, accounting, internal control, and investor relations functions.
The Company’s CFO, Mike Yukich, will continue to provide operational and tactical execution, and was instrumental in defining the requirements which led to the appointment of Ms. Egleston.
Dan Martin, Chairman and CEO, stated, “Indrani’s appointment to our Executive team is an important milestone, adding extensive public company finance, internal controls and strategic planning capabilities to our world-class team. I am confident in Indrani’s abilities to elevate our company, pioneer financial and capital planning, and identify opportunities where we can deliver greater value for all of our stakeholders.”
With the addition of Ms. Egleston to the Innovest Global Executive team, the Company is establishing plans to finalize the uplist requirements designed to position the Company to leave the ‘pink sheets’ this fall. The Company will also be attending key institutional investor conferences this fall targeting industrial focused investors attracted to Innovest Global’s rapid growth and unique value proposition.
The investor conferences feature presentations to potential institutional partners followed by one-on-one meetings. The targeted conferences includes a New York City event and Toronto event in the third and fourth quarter 2019 with a focus towards mid-cap investment institutions within North America and Asian investors who have an expressed interest in industrial business lines.
Mr. Martin continued, “We thank our supportive and patient shareholders for giving us the ability to focus on growing a meaningful business which includes establishing a strong executive team. By prioritizing business growth first, we’re confident the approach to an institutional audience will be even more successful at generating interest in our company. Investor conferences coupled with continued strong revenues and compliance upgrades, are a path we feel will well-position the Company for executing its 2020 plans.”
This news follows last week’s announcement of second quarter 2019 financial results for the quarter ended June 30, 2019. Second quarter 2019 net sales were $17.3 million; an increase of $16.2 million from $1.1 million in the second quarter 2018, and $4.4 million or 34% higher compared with $12.9 million in the first quarter 2019. Year to date through June 30, 2019, net sales were $30.2 million, over 20% ahead of year to date 2019 guidance (click here for guidance).
About Innovest Global, Inc.
Innovest Global, Inc. (OTC Markets: IVST) has operations in industrials (commercial and industrial products and services, energy, and building materials) and investments in biotechnology. Our primary growth strategy is to acquire existing companies in a select few industries and attract new customers in cost effective ways. For more information follow on social media @innovestglobal or visit http://innovestglobal.com.
Can't wait for that filing!
Doing all I can to shift funds around so I can buy more
You are incredibly lucky to be grabbing up shares at these prices.
Thanks for the info and discussion. I picked up another 1000 at least so I'm still trying to grab and add as much as I can. I would kill to pick up 50.000 at this price!
Yes definitely a long one but agreed I mean its just a matter of time but I really wish it sooner than later
Yeah I understand and I'm only upset I can't pick up more too. I just bought at .29 yesterday and would have had nearly double the amount of share today for the same amount of money. Of course they will recover its just really wacky how this particular stock trades at times. They need to uplist ASAP.
I'm stationed in Germany so yeah I could but its expensive. And Ireed has apparently been in contact before and is a longer shareholder.
The current stock price is EXACTLY why I'm asking when restricted shares become unrestricted,. Please call them and find out what is going on.
That's great thanks!
Awesome
Ive written to them twice in this regard and they have not replied. I'm living in Germany so it's difficult for me to call but knowing that information would make me feel a lot lot better.
Any idea when that might be?
Also when do the restricted shares become unrestricted?
Calling is always better. Email is passive
Must be some nice news coming any day now
Can't wait to hear more about the biotech spin off
Record $17.3 Million Net Sales is 34% Organic Growth over First Quarter
CLEVELAND--(BUSINESS WIRE)-- Innovest Global Inc. (OTC Markets: IVST), today announced financial results for the second quarter ended June 30, 2019. Second quarter 2019 net sales were $17.3 million; an increase of $16.2 million from $1.1 million in the second quarter 2018, and $4.4 million or 34% higher compared with $12.9 million in the first quarter 2019. Year to date through June 30, 2019, net sales were $30.2 million, over 20% ahead of year to date 2019 guidance (click here for guidance).
Dan Martin, Chief Executive Officer and Chairman said, “We are incredibly proud of our tremendous progress in 2019 resulting from acquisitions coupled with strong organic growth particularly in our building materials and energy divisions. Over the last two quarters we have had positive cash flows with no long-term debt which is a testament to our team’s efforts around execution and strategy.”
Martin continued, “Every member of the Innovest Global family has contributed to our success and growth thus far. In particular, the dedication and focus of our President, Damon Mintz and our team of global leaders, Tony Crookston, Tom Eichele, Sally Emch, Dennis Giancola, Mark Kelly, Shawn Nadolski, Bill Oler, and John Yenges have created great value and a strong foundation on which incremental shareholder value can be obtained.”
The Company has also recently announced plans to spin-off its biotechnology holdings to focus on industrial revenue opportunities. In the planned spin-off, Innovest Global Inc. will hold stock in the Biotech spin-out company with dividends paid to IVST shareholders quarterly. In addition to achieving value from the stock of its Biotech effort, this action is expected to provide a focused and dedicated environment for Innovest to take advantage of rapidly growing traditional industrial and commercial sales. This action is expected to be completed no later than the end of the year.
Notable information from the second-quarter 2019 financial report:
Second quarter ended June 30, 2019 net sales of $17.3 million; an increase of $16.2 million over the second quarter of 2018, and $4.4 million or 34% higher than the first quarter of 2019.
Six months ended June 30, 2019 net sales of $30.2 million, an increase of $28.3 million over $1.8 million reported in the six month period ended June 30, 2018.
Six months ended June 30, 2019 consolidated net profit of $1.3 million after non-operating gain.
Six months ended June 30, 2019 operating loss of $0.9 million.
Six months ended June 30, 2019 diluted EPS $0.005
Balance Sheet figures as of June 30, 2019:
Cash: $0.94 million
Current Assets: $12.9 million
Total Assets: $19.4 million
Current Liabilities: $13.0 million
Long-term debt: $0
Convertible debt: $0
The quarterly report can be found in its entirety by clicking here.
About Innovest Global, Inc.
Innovest Global, Inc. (OTC Markets: IVST) has operations in industrials (commercial and industrial products and services, energy, construction, and building materials ) and investments in biotechnology. Our primary growth strategy is to acquire existing companies in a select few industries and attract new customers in cost effective ways. For more information follow on social media @innovestglobal or visit http://innovestglobal.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical facts included in this press release are forward-looking statements. These statements relate to future events or to the Company's future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. Such risks, uncertainties and other factors, which could impact the Company and the forward-looking statements contained herein are included in the Company's filings with the OTC Markets. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190806005549/en/
Contacts
Investor:
Damon Mintz, President
(216) 815-1122
info@innovestglobal.com
Source: Innovest Global Inc.
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Wow huge numbers!
Literally counting down the minutes as I been looking forward to this for the past week!
There we go back up to .0012 finally...is there anything out? Anybody able to call to figure out where CBBT stands?
YES YES YES
Maybe try calling? I'm stationed in Germany and watching the stock from way over here.
Yes an update would be really nice