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Start over from zero, take 18 (approx).
First 17 were miserable failures - but HEY!!! Next time is a surrrrrrrrreeeeeee deal!
We don't know what the next deal is - but it is a suuurrrreeeeeeeeeee thing!!!! Yee hawwww!!!!
Abe Lincoln was correct. You can fool some of the people all of the time, and all of the people some of the time, but you can not fool all of the people all of the time.
Fool me once - shame on you. Fool me dozens of times - COMPENSATE ME AND GIVE ME DIVIDENDS WHEN THE FAILED STOCK SPLITS 25,000 TO ONE!!!
LIE-b, a dilutional share selling scheme to pay the CEO's salary and expenses.
Exactly "Time to start over " with a fresh look and new wave of investors :)
LIE-b has no assets. No money.
"use "our money"???
That money is GONE. It no longer exists. ZERO ASSETS. 0.000001 pps.
There is no seed money. Only failure. Failure is not success.
LIE-b cannot and will not become a toxic lender. They TAKE toxic loans - they don't give them. Even Conway is not so delusional as to think it could possbily be done.
Let me try one more time :
Why can't Brian start his "own" lending company and use "our" money to seed the intial needs via secondary offering /accrediated investor route /issue restricted "B" shares, etc....... or simply IPO it and let the greedy day traders in.......LOL
280 characters in a tweet destroying a stocks PPS...…. Such power!
My adult son has difficulty with FB posts and tweets causing anger management issues. He deleted his accounts and now all is well.
Say, anyone know the expansion rate of footprint of INND? AS? OS? Markets on line? Physical store locations? Demographics in those locations? Customer base?
Nahhhh - let's read some tweets!!!
Brian Conway the CEO is a repeat failure, but not so deluded and illogical to even consider a proposal that is so far fetched, so impossible.
Even Conway would never try to sell such a thing to investors as the next ridiculous pumped deal.
LIE-b becomes more bizarre by the day.
Over reliance on social media, obsessing over tweets, emotional responses is one way to trade stocks.
Another way is to concentrate on basics of a business.
To each their own.
Some people get "DD" from social media. Some get DD from real world facts and verifiable hard numbers.
To each their own.
On some stock boards, there is anger when there are no tweets and no PRs.
Information flow is fine. The problem is when investors are obsessed with social media as their "DD" instead of doing in depth actual real "DD".
DD is looking at things like AS, OS, dilution rates, cash flow, revenue vs liabilities, expansion rate of the company, products on markets, which markets, which demographics, what customer base, etc etc etc.
Reading and reacting to tweets is not DD. Research is DD.
This "company" becomes more bizarre by the day.
What bizarre new pump or ridiculous could never happen "theory" will be announced by LIE-b today?
Will we ever get closure on runaway bride Squires of Cigawatt and her amazing two tiny vape shops in two small midwestern towns?
Will lawyers force Squires to marry LIE-b? Or will she escape the shotgun wedding? Will LIE-b get some tiny revenue by stealing it from Squires with lawsuits?
Better than a soap opera. Well, other than the 99.994% losses that is.
My son deleted his twitter and FB accounts because of anger issues when he read things. It was a good choice for him.
Now he needs to stop watching news programs.
Controlling what we view and read can be good.
I have no specific exit price and no specific exit date in mind at this time. OTC stocks are too volatile to set such things in advance.
Be flexible, and if life gives you lemons make lemonade (but avoid the grape Kool Aid at all cost).
I may flip some here and there. I may or may not hold some for 1 to 5 years. I am flexible on my OTC plays - because I can be.
I'm still researching other OTC stocks as well. 5 total on my watch list, including INND. One of the 5 on my watch list is a hard no for any investment.
What PPS will you sell your INND shares at? Interested to hear when you will flip your shares.
I have a very low average PPS because I usually buy lows. I also loaded heavily between 12/26/18 and 2/12/19 with some end of year cash - and PPS was very low at that time.
As to an opinion, anything under .025 is time to load. Lower than that is even better. Selling price is a individual decision every investor must make on their own based on their need, or lack of need, to take cash out for their lives and their families.
I would however urge to never buy at the top and then ride a stock down 99%. That could be disastrous. Luckily no one invested in INND should be in such a situation.
A pipe dream to match all the other incredulous far fetched schemes of LIEb over the past 5 years.
Odds of the above actually occurring? 0.000001 - matching the PPS of this failed dilutional share selling failure of a company.
suggest we turn LIBE into Clarborn lending
I own INND and accumulate on every low. I watch other stocks as well.
I find OTC stocks in general very educational and entertaining.
I also have managed big board stocks in our 401K's. So far, year over year, I have managed on the OTC to match and usually beat the yearly returns on my managed stocks (other than my very first year with a Chinese company). And had great fun along the way.
I hope all INND investors beat the greater market returns this year. It is after all, the reason we are all here and investing in this company.
And the company provides a much needed service to our hearing disabled senior citizens - icing on the cake! A great feel good sector helping others as we plan for profit along the way.
Stray from INND? I am accumulating steadily on each low.
I do however ALWAYS look for other opportunities and for comparison purposes as well.
I have 5 OTC stocks on watch list currently
Success is a great thing indeed.
Under promise and over deliver.
Predictions of massive gains usually backfire. Especially predictions of massive gains in one week and 3 weeks.
Slow and steady is what I always prefer to see. Wild swings up or down rarely last long term, from what I have experienced.
10 or 20 percent gains per week would be outstanding
The shell has been a shell for over 5 years straight. No takeover underway, the last one failed like all the rest.
31,000 percent increase in OS, pps down 99.994 percent. Current pps 0.000001. Minuscule volume so the investors are trapped with no exit.
Meanwhile, here at INND, there are multiple products on the market in multiple physical locations, and at multiple on line sites, expansion is rapid and on going, there are assets and revenues.
Comparing OTC companies assists in good DD and good choices of where to invest funds
It will be interesting to watch it this week and see what close on Friday brings.
If accurate numbers, then INND OS increased 34 percent in 6 months as new sticks and bricks stores were opened.
In comparison, another OTC stock (LIBE) OS increased 131,000 percent in 2 years, and STILL no business locations, no assets, no products and no revenue.
Always important to compare OTC stocks to see what OS increases bring to a company in improved footprint and expansion
Lie_b pps now 0.000001. 99.994% loss in last 2 years
OS increased an astounding 131,000 percent.
No deals underway
No word on runaway bride Squires of Cigawatt who was incapable of completing a simple audit of 2 small vape stores.
No new "deals" underway. Not that it would matter anyway since they all fail.
Stockholders all now trapped as there is minuscule volume.
And to top it off CEO Conway used his 100 BILLION VOTES to single handedly announce he is implementing a insane RS of 25,000 to one!
Dead stock walking.
Thank you. Saves me searching for it on a unfamiliar stock.
If no one knows the OS increases average percentage per month, or has a link to show it, no problem. I will find it myself, it just takes longer.
Researching stocks and finding details is where Ihub saves time -- by sharing real world information affecting a stock.
Most stock boards discuss AS, OS, loans, etc. I don't consider discussing such factors as "assuaging worried feelings". It is common research on all stocks.
Doing some research.
https://ih.advfn.com/stock-market/USOTC/brazil-minerals-inc-BMIX/stock-news/79956288/quarterly-report-10-q
https://ih.advfn.com/stock-market/USOTC/brazil-minerals-inc-BMIX/stock-news/79701359/annual-report-10-k
I am impressed by the level of detail in the quarter and especially annual report. Better details provided than most OTC stocks. Some points that stood out:
Seasonality:
Our ability to mine for diamonds and gold is highly seasonal. The local rainy season lasts from December through April during which time open sky mining is reduced or stopped depending on the severity of the rains and storms. We expect that during this period our revenues will be substantially lower than during other periods.
Employees and Independent Contractors
As of April 10, 2019, we had 8 full-time employees. We also retain consultants
Our ability to execute our business plan depends primarily on the continuation of a favorable mining environment in Brazil.
Mining operations in Brazil are heavily regulated. Any significant change in mining legislation or other changes in Brazil's current mining environment may slow down or alter our business prospects.
We may be unable to find sources of funding if and when needed, resulting in the failure of our business.
As of today, we need additional equity or debt financing beyond our existing cash to operate. This additional financing may not become available and, if available, may not be available on terms that are acceptable to us. If we do obtain acceptable funding, the terms and conditions of receiving such capital would likely result in further dilution. If we are not successful in raising capital or sufficient capital, we will have to modify our business plans and substantially reduce or eliminate operations, or as an extreme measure seek reorganization. In these events, the holders of our securities could lose a substantial part or all of their investment.
Our convertible debt securities outstanding may adversely affect the market price for our common stock.
To the extent that any remaining convertible debt securities are converted into our common stock, the existing stockholder percentage ownership will be diluted and any sales in the public market of the common stock underlying such options may adversely affect prevailing market prices for our common stock. A similar situation occurs if our outstanding options and warrants are exercised.
We may seek to raise additional funds, finance acquisitions or develop strategic relationships by issuing capital stock that would dilute your ownership.
We may largely finance our operations by issuing equity securities, which would materially reduce the percentage ownership of our existing stockholders. Furthermore, any newly issued securities could have rights, preferences, and privileges senior to those of our existing common stock. Moreover, any issuances by us of equity securities may be at or below the prevailing market price of our stock and in any event may have a dilutive impact on ownership interest of existing common stockholders, which could cause the market price of stock to decline. We may also raise additional funds through the incurrence of debt or the issuance or sale of other securities or instruments senior to our common shares. The holders of any debt securities or instruments we may issue could have rights superior to the rights of our common stockholders.
Results of Operations
Fiscal Year Ended December 31, 2018 Compared to Fiscal Year Ended December 31, 2017
In 2018, we had revenues of $19,716, as compared to revenues of $43,253 in 2017, a decrease of 54.4%. The decrease was primarily due to the fact that we mined a lesser number of months, and opted to wait for the licensing of a new high-quality area for production in 2019 and beyond.
Our consolidated cost of goods sold in 2018 was $126,217, comprised primarily of labor and fuel expenses, as well as machine maintenance. Our consolidated cost of goods sold in 2017 was $208,840. The decrease of 39.6% between 2018 and 2017 for the consolidated cost of goods sold is explained by lesser mining performed.
Our gross margin in 2018 was ($106,501). By comparison, our gross margin in 2017 was ($165,587). The increase of 35.7% between 2018 and 2017 for the gross margin is explained by lower cost of goods sold in 2018.
We had an aggregate of $1,052,830 in operating expense in 2018, as compared to an aggregate of $1,217,217 in operating expenses in 2017, a decrease of $164,387 or 13.5%. This decrease was mostly due to lower stock-based compensation costs, offset in part by an increase in general and administrative expenses.
In 2018, we had total other expenses of $689,341, as compared to $508,103 in total other expenses in 2017, an increase of $181,238 or 35.7%. This increase was mostly due to higher amortization of debt discounts and other fees, in addition to slightly higher interest expenses incurred on promissory notes.
In 2018, we experienced a net loss attributable to Brazil Minerals, Inc. of $1,666,200, as compared to a net loss attributable to Brazil Minerals, Inc. of $1,691,433 in 2017, a decrease of $25,233 or 1.5%. On a per share basis (both basic and diluted), the 2018 net loss attributable to Brazil Minerals, Inc. was $0.01 versus $0.02 in 2017.
Total 2018 assets: 987,357
Total 2018 liabilities: 2,261,987
Share Count
All share and per share amounts have been restated to give effect to a 1-for-500 reverse split of the Company's common stock which became effective on January 27, 2017.
As of December 31, 2018, if all holders of preferred stock, convertible notes payable, options and warrants exercised their right to convert their securities to common stock, the common stock issuable would be in excess of the Company's authorized, but unissued shares of common stock. The Company increased its authorized share count on March 15, 2018 to rectify such situation. (note: A issue once again July 14, 2019)
Still looking for the OS monthly average percentage increases.
I have questions for those who have researched the company.
It appears OS will bump into the AS limit before long. So AS might have to be increased substantially soon. Or is there enough net income to cover expenses with no need for dilution?? I haven't read income numbers yet.
What are the OS percentage increases and numbers month by month. Anyone know off the top of their heads or have a link? Monthly increase precentages on the OS in order to cover expenses?
Is dilution and toxic financing currently funding the exploration and other expenses? Or is there income/revenue I have not found numbers for?
Looks like little actual mining is underway so far. No doubt due to lack of funds and personnel to do so?
It will take deep pockets and big money to mine and explore that much acreage (all areas combined). Cash flow coming in is from where?
Without large cash flow inbound, many properties will sit dormant for quite some time to come?
This has potential if funding is there to fully explore and actually engage in serious mining. And if the mining makes enough productive finds to pay costs plus profit.
Financial reports showing cash flow, etc?
Yes I read the Q. And I read all the posts.
I have been trading on the OTC for more than a decade. Thanks.
He called it correctly and sold before the drop. Good call. Good sell. He did well with his decision.
My latest buy was at .0238. Also a good call as PPS increased afterwards.
Hearing loss is a fact of life for aging people (and some much younger) around the globe.
Some of those with hearing disabilities want to hear and function well around friends, family and society, and some refuse the help and stubbornly remain hearing impaired. INND wants to assist those in need who will accept the help.
Brick and mortar stores will be necessary for hearing aids as each customer will be forced to return there for adjustments etc all of which will cost the company and add no revenue to the bottom line IMHO....
Infortunately some older folks become very stubborn and refuse to be helped with their hearing issues.
This is 100% true. My uncle hears way better with hearing aids, but just doesn’t wear them because he doesn’t want to. That’s it.
Don't confuse retail stores for medical device providers.
Do you get dental exams and fillings on line? Eye exams? Doctor exams?
My parents refused to get computers, smart phones, and internet. They went to hearing aid sticks and bricks stores.
"Most" elderly people want human service to select, fit, and program todays' high end software adjustable hearing aids. Pure fact.
"Some" people are technologically equipped to select, ensure proper fit, and program the software by ordering hearing aids on line.
Blanket statements like "people are leaving brick and mortar stores" does not always apply. Know your market. Know your sector. Know your customers.
brick and mortar hsnt worked for years......these store are not impressing me .....in fact theyre depressing
I read some of the DD and all of the intro. Someone did a nice job on the intro.
First thing I noticed was OS will bump into the AS limit before long, UNLESS there is enough net income to cover expenses (which I could not see).
I see no income figures so far (I'll have to look for it). So from the first shallow look, I would expect AS to be increased substantially in the near future.
I also need to look for the OS percentage increases and numbers month by month. Anyone know off the top of their heads or have a link? Monthly burn rate (increase) on the OS in order to cover expenses?
Looks like little actual mining underway so far. No doubt due to lack of funds and personnel to do so?
It will take deep pockets and big money to mine and explore that much acreage (all areas combined). Cash flow coming in is from where?
Without large cash flow inbound, many properties will sit dormant long haul, in my opinion from a quick limited look. (Others may know things my quick look did not reveal to me).
Good luck. Let's check back on 31 July and see if it plays out.
I checked the historical: https://ih.advfn.com/stock-market/USOTC/brazil-minerals-inc-BMIX/historical
If it does hit .01 in 19 days, the next prediction I saw was for $10 per share. The window on that one is long term at 5 years. A lot can happen in 5 years one way or the other.
19 days .01 widow one.
5 years $10 window two.
Foreign located investments are risky - too much out of our control. But best of luck on it.
I'll read some more.
I hope it works out for you. 19 days is a short window for predicting large gains.
I am leery of buying stocks where I count on foreign located investments. Burned once on one of them. I nearly always stick to US and Canadian plays now.
.10+ OR HIGHER BY THE END OF JULY
Wednesday, 07/10/19 04:38:05 PM
Yes i am planning to sell tomorrow and buy it back at .01
i am expecting a huge drop by Friday.
This stock will be penny by the end of this month.
From .0035 to $10.00?
285,614.28 percent increase? Man! If I believed that I would sell every other stock I owned on Monday and buy this one!!
No PR? Not even a tweet? Hmmmmm……… I know a stock where people go ballistic when there IS a tweet.
Further info:
The number of veterans who can be enrolled in the health care program is determined by the amount of money Congress gives VA each year.
Since funds are limited, VA set up Priority Groups to make sure that certain groups of veterans are able to be enrolled before others.
Once you apply for enrollment, your eligibility will be verified. Based on your specific eligibility status, you will be assigned a Priority Group.
The Priority Groups range from 1-8 with 1 being the highest priority. Based on eligibility and income, some veterans may have to pay copay for treatment and some may not be eligible for enrollment.
buying a Lender like Wells Fargo or BAC would be my thought that shareholders would enjoy the dividends of the outragious % charged by Clairborn or PowerUp IMHO
Why nor fund money to them and see a nice return ?
My thoughts are odd but buying a Lender like Wells Fargo or BAC would be my thought that shareholders would enjoy the dividends of the outragious % charged by Clairborn or PowerUp IMHO
Why nor fund money to them and see a nice return ?
/isn't the true cash cow of the OtC the toxic lenders ?
This is all "mostly" immaterial to INND, but it does help if INND investors realize that not ALL veterans qualify for free hearing aids from the VA (ie taxpayers).
I have read up in the past on the categories for veterans that enable access to the VA system - and helped some of those qualified get the help they needed. (active member DAV, VFW, American Legion)
My son served 4 years - no access to VA. One brother in law served 20 - no access to VA. I have access due to service connected disabilities, and also where and when I served.
I am both priority group 3 and 6 eligible - so group 3.
https://www.va.gov/healthbenefits/resources/publications/IB10-441_enrollment_priority_groups.pdf
As a Vietnam Vet you are authorized VA care under priority group 6. Thank you for your service. Give the VA another chance to help you with your hearing disability.
Taxpayers contributed thousands for your hearing aid equipment to help you. See if you can use what was provided to improve quality of life.
however, hearing aids are to be provided only as needed for the service-connected hearing disability.
Veterans receive nothing from the VA, unless they have verified service CONNECTED disabilities.
Thinking all veterans get free health care is a common fallacy.
Later I will post my hearing aids, the boxes they came in and the FREE micro phone lapel and free TV attachment as well all from the VA