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I just listened to the August 30 “investor conference call.”
It was so obvious that both Cliff and Karen in answering the questions were reading from a prepared script.
I also find Cliff’s claim that a State DOT would “verbally approve” a contract extension very strange. Most governmental agencies are not permitted to conduct business in that manner.
More examples of a classic sham.
ITOX’ bridge monitoring obviously has not resulted in any new business since the original contract for 3 bridges was entered into a couple years ago.
The last several quarters for ITOX have produced virtually nothing unless you consider revenue of $16,000 meaningful.
There has been no activity, no progress, to speak of for the last 3 1/2 years.
Your extrapolation seems like a classic “pie in the sky.”
The contract to monitor the 3 bridges was entered into a couple years ago and there has been no follow through other than the contract extension which may have well been because the work had not been satisfactorily completed by ITOX or the results were inconclusive.
No other DOT has yet seen fit to engage ITOX for similar bridge monitoring nor has the one in the Northeast State been motivated to expand its contract.
If you extrapolate ITOX revenue since Cliff took the reigns in 2018 you end up with pennies - not dollars.
What makes you think those NDA are legitimate leads with real substance?
Management continues to milk the authorized shares and fails to deliver on any business plan.
This is a sham. Next benchmark for share price is likely $0.0035.
Where is the revenue? Where are the contracts? Where are all the DOT deals you boast about?
All I see is dilution through the continual selling of shares to pay Cliff and Karen.
Silver, just wondering if you still follow Sigma.
Aside from Outlook, Visionary and a couple others, few have posted on this board in some time. And obviously trading volume has really diminished.
I’ve been a long time investor in Sigma through the various regimes. Used to have hope, but see little reason to now. Would appreciate your views.
Thanks.
Results for 2Q are likely to be pathetic. Despite your continual “pumps,” there has been no announcement of any contacts or revenue-producing developments. All we’ve had is a lot of “bull” with no specifics.
We’ll see come Tuesday.
Only 41 people have watched this interview. Obviously there is not much interest in ITOX. As for the interview, it was nothing more than fluff. No specifics. And then Cliff tops it off with boasting that revenues for the next quarter will exceed all of 2021. Sounds great until you realize ITOX’ revenues for 2021 were nil. ITOX is a sham with no contracts and no revenues for some time now. Cliff and his partner, Karen, are just milking shareholders by continuing to issue shares in order to fund their consulting fees.
Options expire today. That is influencing stock price. Market makers want to limit payout to those holding $2.50 and $5 calls.
The lid will be off Monday and share price should surge next week. Good opportunity to load up ahead of the renewed momentum.
What a joke. The financials indicate this company is worth virtually nothing. No revenue of consequence for last couple years. Only reason for existing apparently is so Cliff and Karen can issue millions of shares and use the proceeds to pay their salaries/ consulting fees.
Liabilities are far greater than the assets. If the company were to liquidate, there is nothing for the shareholders.
Thanks for all your input. What’s your price target now prior to reporting 3Q ?
I think most are “investing” in VLD on basis of company’s future prospects - not earrings for the 2Q of 2022. Update on company’s developments and guidance as to future revenue will be more relevant than current financials.
$4.50 prior to close on Tuesday is reasonable. Earnings report and guidance on conference call after close could result in driving price significantly higher on and after Wednesday, August 10. I’m looking for $6.00 plus.
Did not get to hear the conference call.
Really 7:30 am EDT is not a very convenient time for those in other time zones.
Was there anything that might suggest more positive results in the future? Cola, Rice and Rupert always painted a rosy picture but results never came close to matching their expectations.
One trade trade - for total of $25.
In the investment world this is tantamount to kindergarten
Basically, ITOX (Cliff and Karen) sold 100,000,000 shares to GHS at a below market price (90% of volume weighted average over a 10 day period of time).
GHS then has the right to resell the shares and retain all the proceeds. ITOX does not share in the resale of these shares.
All this does is provide ITOX with the sale of 100 M shares at a discounted price (so as to help pay Cliff’s and Karen’s salaries) and further dilute the outstanding shares by about 35%.
My condolences to any present shareholders.
Two trades so far today. One for about $50, the other for about $175.
There is virtually no interest in this company that has no revenue for a couple years now and no signs of actually developing any meaningful business.
Why would it be ready for a major move? There are no contacts, no revenue, just a couple employees and very few people who follow the stock.
Any move is likely to be to the downside, but can’t hardly be considered “major” since there is only about half a cent ($0.005) between present price and 0.0000
Do you still see $10 a share for VLD by the end of 2022?
What do you think the 90-day outlook is for Velo3d after this recent climb?
With no contracts, no revenue and skeleton work force, the only likely move is DOWN.
Why would you expect any positive updates? There is no viable product and virtually no work force. Cliff has his own private consulting service, and his primary interest in ITOX appears to be in the liquidation of the remaining 700,000,000 authorized shares.
What do you think the outlook is for Velo3d with recession looming?
Wow ! Almost $4,000 of ITOX shares traded today. There is simply little interest in this stock except for the handful of posters on this board who continually try to boost the stock price with erroneous or unsubstantiated claims.
And an additional 730,000,000 authorized and available to be issued whenever Cliff and Karen feel the need.
Why is the pps for VLD declining? I thought the outlook for the company and the industry was considered favorable.
The ITOX balance sheet shows virtually no assets.
What new deals have been signed?
The claims on your posts are fake news.
There have not been any new deals signed
Not with no revenue and 700,000,000 authorized shares yet to be issued
You wish. There is only one DOT contract and that was initiated 2 years ago. No other DOT has followed suit.
Your reply is not coherent
Yeh, maybe he can say Gronk retired in order to focus on ITOX’ NDA
Unfortunately, this is in a death spiral. There is no real value to ITOX - just a lot of fake news through PR and NDA. This is going to ultimately be completely worthless as is $0.000000
700,000,000 at $0.005 gives Cliff and Karen a potential $3.5 M.
Even at $0.003 it’s $2.1 M.
That’s enough to help support them for a few years while they continue to devote their efforts to their non-public interests where they don’t have to report or share any revenue.
Anything they can get before ITOX folds at $0.000000 is gravy for them.
And Cliff and Karen still have about 700,000,000 shares for future dilution
Better salvage what you can out of ITOX.
It’ll soon be worth even less. There is no real meaningful business. Just a lot of NDA and PR designed to pump the pps.
What a scam. ITOX loans Sentinel money. Sentinel then pays ITOX for “work” and ITOX reports it as revenue.
This so called revenue is just as illusion.
It appears that the few shareholders ITOX has (less than 150 as reported in financials on this site) are selling - not investing !