completing the mission
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Smart investors got all their shares for free,just for chatting with Gary.It's not like there is any kind of serious consulting needed for such a simple product line that Inohealth is selling.
I think the consulting is to teach Gary and Sharon how to operate a business so they can give it a try with Inohealth after Inolife is gone and RM'd into another p+d scheme.
Of course it is going down.
Gary seems to have planned it that way.
He even covered himself with his employment agreement to be paid when the shell sells after he squanders all the share selling cash.He's covered up to $600,000.00
That certainly would make sense seeing as the only thing Gary is accomplishing is providing evidence of his wrong doing by filing.
He would probably do it when he has to change accountants again.
Then he can go back to his make beleive sales and cash accounting instead of accrual accounting.The accrual accounting really cuts into profits on share selling because he has to pay taxes on the sales claimed at the time they are added to the bookkeeping whether or not they have been paid for.With the cash accounting he can just lie and then say he never got paid or product was returned for refund.But as a filing company he is supposed to add all those types of things as notes to the financials.
And not to mention the missing 8-k's.
But this is his first filing p+d and Gary is not very educated and needs consultants for everything.
Is that product for the huffing community of melatonin with caffeine abusers?
They are a reporting company and do have rules to follow.
90 days is the timeframe for small business entities.
Gary does not follow the rules.
Put all his filings together with his pr's and they are obviously incomplete and inaccurate.
New Investors came and went.
Probably some poor bagholder that bought on the Plavix nonsense.
INOL is not even on the waiting list to be a contender.
What is the name of the lab doing the testing?
And does Inolife or Inohealth sell that service?
Is the truth that Gary is just a Caddy for the real game players?
And his McJob really does not pay as much as he claims in filings?
http://en.wikipedia.org/wiki/McJob
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41229381
Don't think for one moment that Gary wasn't the one selling at .00005,I too remember a poster buying at that price and encouraging others to do so.All the people buying into this scheme will be shocked when the real bidwhacking gets started.
But that is how it works.Posters keep calling on people to slap dat ask like it is really gonna do the buyer some good.
I agree that with the amount of money collected from selling shares that Gary and Sharon could have made an honest attempt at creating some additional equity for common shareholders.Instead they spent about 300% and ended up with huge debt with no revenues to speak of.They took in 1.6 million dollars.
They could have opened a couple of pawn shops and already been pulling a profit.They could have flipped some real estate.
But what we hear is Plavix,Plavix,Plavix.
Big friggin deal,Plavix.
Profits for who is 50%?
Is that gross profits,net profits or potential profits?
Has the agreement between Bebida and Daisy's company been revealed to show the proof?
July 5 the 10-Q is due,so we can see the revenue claimed on that one.And in 3 more months we can see if there was a Gulf Coast shipment or not.Funny that Gary will have to pay taxes on that shipment that Inohealth will be on the hook for their share of taxes.Especially if it turns out to be a farse to sell shares.
Not that it matters because INOL will have to wholesale about $30,000,000.00 worth of product to even start to turn a profit.
And I think we can deduce that Gary would never run that amount of sales thru INOL when he can just sell directly thru Inohealth.
But go ahead Gary and keep telling the taxman about all the claimed sales of Inohealth products,cause for sure he is keeping an eye on your return.
CHECKMATE!
SWABBY!
They are blinded by dreams of taking part in another manipulated run like what happened when INOL pps soared to .11 on the Plavix test hype.
What they do not realize is with a manipulation like that ,not many traders make money because most shares are handed back and forth amongst multiple accounts and not much real trading occurs.
When the bagholders buy in the pps is on it's way to it's final destination like we see today.INOL is a stereo typical share selling scheme.It was hyped,manipulated and is still trying to be pumped based on a couple manipulated runs.And of course there still is the innuendo's thrown around about insider knowledge.
But this is a reporting company for now and the financials speak for themselves.Even though they are very incomplete.
I expect reporting status taken away.
If BBDA gets any product placed in Walmart,walmart will put their own brand right next to it and price BBDA out of any profit margin that they may have.
Has Brian yet to make public what BBDA gets to keep on the sales of soda?
Maybe 10%?
I think Gary chose the wrong business to start in North Carolina.
http://www.dnacenter.com/locations/north-carolina.html
"Locations in North Carolina
We have 70 locations in the state of North Carolina."
http://www.dnacenter.com/locations.html
Don't forget that Gary and Sharon claim to be paid contractors providing professional services.Seeing as they do not have the protection of being an employee maybe the shareholders could win a lawsuit against them in Federal Court.
Even though.
"§97-6. No special contract can relieve an employer of obligations."
"No contract or agreement, written or implied, no rule, regulation, or other device shall in any manner operate to relieve an employer in whole or in part, of any obligation created by this Article, except as herein otherwise expressly provided."
http://www.ic.nc.gov/ncic/pages/statute/97-6.htm
That says it all.
With all the chat about INOL financials,Gary has to regroup.
But the end result is the same.
Nothing being accomplished for common shareholders.
http://ih.advfn.com/p.php?pid=nmona&article=48276345
"(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? Yes o No x"
Gary should have elaborated and stated that all is the same with INOL.Stock is being diluted,cash being absorbed by Gary and Sharon.Pumpers at ihub are still at work.And the social network commercials are to sell more stock and keep up the aforementioned.
"Fannie and Freddie are both stepping in and contracting with Realtors to market the house directly and eliminating the third party ownership. Fannie and Freddie are fighting what you are describing."
Do you even understand any of the processes involved?
"third party ownership" ?
The third party I was posting about was the illegal foreclosing by the mortgage originators that did not assign mortgage to trustees as required by REMIC law.
What has happened is Fannie and Freddie had banks file for foreclosure under whatever name was last listed on mortgage deed and then bank assigned property over to Fannie or Freddie.
And it was all illegal because the notes had already been sold.
It is the noteholder that can only file for foreclosure but they must also hold the deed in their name.
And in many cases it was not even the banks doing this illegal foreclosing.It was done by law firms using fake vice presidents that were hired off the street just to sign documents.
You try to make beleive that Fannie and Freddie are innocent,but that is far from the truth.Fannie and Freddie are just offices that criminals work out of and hide under.
Tax liens are a whole other story.
But your senario does not account for the fact that homeowner is notified of any tax lien that is about to take place.
That is unless there were other fraudulant acts by a bank and /or their lawyers.
Now that is an excellent outline.
Too bad it did not put the real numbers of over a trillion worth of fraudulant loans.
Maybe someday after all thew fraudulant foreclosures are completed or made non criminal by Congress.
Im sure Gary is loving it.$14000.oo for two minutes work.Whacka Whacka !
It worked out great for Steve,Ed and Greg.
Not so good for investors.
What does that have to do with anything?
Try the math!
.0015x1,000,000 shares is $1500.
x4000=$6,000,000.
Even when it gets to .0001 the dilution machine takes in
$100,000.per billion shares.
And Gary squandered the first $1,600,000.leaving behind $3,000,000.in debt.
So what makes you think anything will change?
The SEC filings tell the story of deceit.
Financial accounting auditing says to assume the worst when information is missing.
There is a reason that Gary has not completed full filings with the SEC.Including 8-k's that would outline Inol's agreements with Inohealth and Gulf Coast.Also what happened to My Complete Care Inc that was filed as an exchange for shares.
Lotta missing important material events.
So where is the 10-Q with all the sales that equate to nothing?
This is getting funny again.
What does Budweiser have anything to do with distribution of Brians grape soda?
Using irrelevant names to hype a stock is a sure sign that it cannot stand on it's own merits.
It's not really great at all.
http://www.reuters.com/article/2008/12/22/idUS124091+22-Dec-2008+MW20081222
Gary's proprietary treatment for dogs is probably this.
http://www.prnewswire.com/news-releases/innolife-pharma-inc-acquires-rights-to-breakthrough-in-non-narcotic-chronic-pain-treatment-59293852.html
So why is Innolife Pharma gone?
Was it a hijacked shell?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60629227
"32. Innolife Pharma, Inc. is a Delaware corporation formerly known as Balfour Maclaine Corp., which the hijackers incorporated on November 21, 2005 under the same name ,as a then-defunct, publicly traded company also incorporated in Delaware. As of September 1, 2009, the company's common stock was quoted on the Pink OTC Markets (symbol "INNP"), had market makers, and was eligible for the piggyback exemption of Exchange Act Rule 15c2- 11(f)(3)."
How about a JV with Innolife Pharma?
Gary's canadian contacts must have told him about that one.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41793894
Where do you think Gary came up with the names of his stock selling schemes?
Gary already tried the new pump with the new investors pr.
New Investors showed up and a stupid amount of shares traded.
Do you think New Investors is still impressed with this dog and pony show?
Or should I say dog and phony show?
When is the veterinary nonsense gonna start?
You know that some wholesalers that supply Q-tip like products and home test kits also sell veterinary products?
What are they going to corner the market in chopsticks after they do so with Q-tip like products here?
Many stock scam companies claim overseas contacts and sales.
If Gary and Sharon weren't such greedy people they could have made an attempt at trying to make INOL profitable.
But instead they sold 1.6 million dollars in stock and created 3 million dollars in debt.
Maybe they know something you don't?
Like,Inohealth products are not selling much at all if any?
If there were many sales like you claim then Gary would have his 10-Q filed to sell stock.
Have you seen the 10-Q numbers?
At best I think you will see the $300,000.00 sale to Gulf Coast
and also see it has 0 effect at even starting to make company profitable.
Get over it,you've been had!
And it is worthless because of it's history that shows it is a footnote 32 shell.All it took was the golf authority to say publically that they did not approve of the killer bee club and the company headed towards bankruptcy.Then authority reversed descision and assets were bought out of bankruptcy leaving behind a shell.You cannot be that nieve and think that was not done on purpose.OK,maybe you can.
So you do know how houses have been illegaly foreclosed and resold indirectly by third parties.
Go ahead and thank criminals.
If you wanted to make money on gold price changes,you should have bought gold instead of stock in a worthless shell.
That would make sense.
It is a shame we have to guess because Gary does not report everything properly.
I keep wondering why anybody would think these Q tip like products was going to make INOL any money at all.
They are already easily available.
So you are reporting here that they lied to you.
That's why Slojab stated there was no purpose to talk to the likes of them.
Are you saying Gary lied in a filing?
Or to you?
Because if you actually read some of them instead of repeating Gary fluffy explanations you will see that Gary and Sharon are only taking a percentage in cash.
Do you think they know they have to pay taxes on the shares also?
http://mindfusion.wordpress.com/2008/09/21/article-tax-aspects-of-receiving-stock-in-exchange-for-providing-services-to-a-corporation/
I think they are using this method.
"Nonstuatory Stock Options
“Nonstatutory Stock Options” (also called “nonqualified stock options”) are options that do not meet the requirements of an ISO. These options do not need to be issued pursuant to a “plan”; furthermore, if a “plan” is used it is not required to adhere to the provisions of an ISO plan. If an NSO has a “readily ascertainable fair market value” at the time it is granted, then the option is taxed to the recipient at the time of such grant."
Which means there is more dilution to count on.
What is $100,000.00 times .0015?
=66,666,667 shares per hundred thousand dollars
But it is really not salary because Gary claims there is no employees.
So this should apply.
Restricted Stock
"For tax purposes, if stock is received outright in exchange for the performance of services (i.e., without being subject to restrictions), then the recipient is immediately taxed on the difference between the value of the stock and the amount (if any) the recipient paid for such stock. In such a situation the recipient would be required to pay a tax at ordinary income tax rates (currently ranging from 10% to 35%). However, if the stock is subject to “a substantial risk of forfeiture” then, for tax purposes, the recipient has received “restricted stock.” In such instances, tax consequences will apply in the first taxable year when the interest in the stock is either not subject to “a substantial risk of forfeiture” or is transferable free from any substantial risk of forfeiture affecting the stock. In such first taxable year the recipient is taxed to the extent the fair market value of the stock exceeds the amount (if any) paid for such stock. This taxable amount is subject to the applicable ordinary tax rate (currently ranging from 10% to 35%). In either situation the employee can expect to pay tax at ordinary income tax rates, whether immediately in the former situation or at a subsequent date in the latter situation. The recipient should be aware of a possible tax trap when receiving restricted stock. Even if the recipient recognizes the tax trap, exactly how to handle it remains an issue because whether the stock’s value will increase or decrease over time and whether or not the stock will be forfeited before it vests with the employee cannot be easily predicted."
http://www.cpa2biz.com/Content/media/PRODUCER_CONTENT/Newsletters/Articles_2007/CorpTax/Services.jsp
""Section 83: Property in Exchange for Services
Planning beyond stock transfers.
September 27, 2007
by Blake Christian, CPA
Mention IRC Section 83 and most tax practitioners immediately think of bargain stock transfers.
Fortunately, or unfortunately in certain cases, Section 83 has much broader applications, which can have significant tax impact on both the transferring corporation, as well as the recipient/service provider.
Background
IRC Section 83 first appeared in the Code in 1969. The IRS and taxpayers use this Code section to include the value of property (other than cash and most stock options) in the taxable income of service providers (either a W-2 employee or independent contractor).
Section 83 As a Valuable Tax Planning Tool
The broad application of Section 83, the ability to control the timing and sometimes the amount and character of the income associated with the property, makes this a valuable tax planning tool for closely-held businesses. The strategy of using property instead of cash can benefit businesses in almost any industry and offers flexibility for cash-strapped companies.
The overall Section 83 strategy is three-fold:
Minimize Ordinary Income,
Maximize Capital Gain Income, and/or
Defer Income without significantly compromising on 1 and 2
In its simplest form, when a service provider receives property as compensation, the service provider must include the difference between: 1) the fair market value (FMV) of the property and 2) the amount paid in taxable income.
Similarly, the transferring business claims a tax deduction for the compensation the service provider received. However, the taxability of such transfers, and measurement of the taxable income, is deferred if the business imposes restrictions on the transferred property.
Besides the ability to shift income from a corporate entity to employees and other service providers, a Section 83(b) election (discussed below) provides flexibility for the timing, amount and character of the income reportable by the service provider.
To show some typical examples, using the most common property transfer — corporate stock — of how Section 83 applies in a corporate context:
Example 1:
Let us say start-up tech company, Yo-Yo, issues 1,000 shares to each of its new employees and a few key vendors when investors are paying $1 a share for its stock. There are no restrictions placed on the shares by the employer. The employer will report $1,000 of added compensation on the employee W-2s and vendor 1099s for the value of the stock transferred. The corporation has to withhold taxes on such amounts, which can be problematic. The corporation will deduct the same amount on its tax return as compensation and consulting expenses.
If the Yo-Yo stock increases to $11 a share a year later and a recipient sells the shares, the recipient recognizes a $10,000 long-term capital gain. Yo-Yo has no tax impact or reporting duty associated with the sale.
Example 2:
Now assume Yo-Yo requires the employees to stay with the company for at least a year to have full ownership of the shares.
Absent a Section 83(b) election, each recipient will report the full $11,000 value as ordinary income when the restrictions lapse after one year. Bad news for the recipients, but Yo-Yo gets a full $11,000 tax deduction for each transfer.
Example 3:
After receiving $11,000 of stock, and being drilled with ordinary income tax rates, half the recipients sell their shares a month later for $12,000 and the rest hold their shares, expecting a Google-esque payday in the future. Unfortunately, the stock tanks the following year and settles back to $1 a share. The remaining recipients sell their shares for one dollar a share after 12 months.
The sellers at $12,000 will report a short-term capital gain of $1,000 and Yo-Yo has no tax impact. The other half who sold their shares at $1 a share will report a long-term capital loss of $10,000 ($1,000 sales price, less $11,000 basis).""
Either way I did not see an 8-k outlining what is going on.
That's another naughty,naughty.
What else is also trending upward other than the amount of time to file a quarterly report?
Didn't you claim sales,sales,sales?
So why is Gary waiting for the 90 day filing period to be up?
Let me guess that the real picture is not so rosey.
It is so nice Gary tried a reporting company this time.
At least there is evidence of the wrong doing.
Do you think he understands he is a puppet yet?
"Okay, let's see if I get this now. InoLife dilutes shares thus dropping the PPS and in the interim acquires some product, which they provide to customers on credit and the customers do not have to tie up their business or personal assets to pay for this product, which maybe gets paid for sometime, somehow, nevertheless they have the credit. SWEET!"
You missed the most important part.
Factoring means that Inohealth gets paid for product that they could not sell in the past and Inolife can wait and see if the balance ever gets paid.
This scheme pretty much lays out that Inolife only gets 10% because that is how much Bibby hangs onto till full payment is made.Minus the initial discount for the factoring agreement.
Trends are not trends at all with a manipulated pump and dump.
And lets not forget the constant insider info suggestions.
There will be some fooled,but the end result is the same.
Diluted worthless stock beguiled on the internet.
The volume is just a bunch of trade manipulators passing shares back and forth amongst several accounts each of them have to create make beleive demand.All in an attempt to set a trap for unsuspecting newbies that will be caught holding a bag of POS stock in a Berthold company that was set up to be squandered from just like PHMB.