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proof is in the pudding..Damaj got control of the company BUT he has made money as CEO...so what he got the company for and the money he as made as CEO offsets the shares he is holding if you know what I mean...it was a guarantee of continued income imo
You tell them Shawn...its like the ole frog in the boiling water gig...he don't know it until it is too late
When INNV needs cash the LOANS are looking to get in at a big discount...say it is trading at .10 those, if any, would loan money to INNV would get in at .05 or .06 maybe and then warrants on top of that...
Well they could begin to sell what they bought at a discount and care less about the pps..
Its like loaning a person who has a bad credit score money to buy a house...if he can get a loan it would be at a very high interest rate...
The low pps isn't attractive to the people loaning the money...vise/versa actually because they want a guarantee they get their money back...
Of course here is an idea.....do you think insiders would actually have confidence enough in INNV to loan their company any money...,lol
your being funny...you just can't keep diluting and the pps go up...it goes down and you never get out of that hole...need more cash...have to issue much much more shares because they have diminished and down down down it continues to go...
I have been around awhile...i'm not ignorant...but you just hang around for awhile...just because pps goes down doesn't mean it is a better buy...
The total of 200k shares could be sold immediately...just read it and see...it was a payoff in shares for the Board of Directors for the qtr...it plainly tells it...probably sold immediately also...
I would say
1...Damaj did not attend the conference
2...No news
3...Need for a Cash Raise
4...Dilution
5...R/S
6...Inability to control expenses
7...More dilution
8...More dilution
9...Retail investors beginning to call management on the carpet
Any of these could be on peoples minds
I'll take a move like OGEN did anytime
I see they paid board memeber off in shares today...a total of 200k...looks like they must have sold immediately...share price means nothing to them
You got a real problem when ads and promotions are the lifeline of your products and those are costing more than the 80% margins you say you are earning from said product...real problems imo
Told you I am not touching the stock unless things change drastically...a stock that we expect to R/S isn't going to rally unless those holding the warrants bid it up to sell it to bag holders and then laugh all the way to the bank....
Lets see how that profitability works out by years end...if you have to soak in more than it cost to get the sales papers out and promotions then where does that leave a share holder
now where is the cash from the last time we hit .15..............
Friend I told you they knock out the bid time after time after time and the ask hardly, if ever moves at all...nothing hardly moves off the ask and it just continues to pile up larger and larger until the pps just keeps dropping...and unless there would be a big change with expenses or some other huge news that propels INNV i don't ever look to be back in...
LOL you have been a hoot since you arrived...
bunch of nonsense to me....now since you grasped air to get numbers why don't you grasp some more air and tell us how this helps when your expenses is so high and you are going to need an influx of cash...lets hear that one...
good friend you do not understand what I have been saying...
I did not own the stock...I sold it when I was convinced imo that the stock pps was being diluted...continually the bid was being hit day after day after day week after week...just look at the chart...
I got out of this stock...Right now I own HLTH and AKER
just want you to know Florida I think you are a good person. I mean this " i hope you do well". You hit the nail on the head in that post..
And that is my problem with INNV...in INNV type of business you have to continue advertising of the revenues drop off...thus incurring more losses qtr after qtr....unless you can dramatically increase revenues for less cost...therein lies the problem
Well it won't be my money.
Here is the problem with a R/S...
Lets say you come out to 10M or 20M shares post R/S...if you are still incurring those expenses as we are now when you post the gain or loss it will be with considerably less shares meaning that if you still are posting losses those losses are now spread over less shares of stock showing larger losses and thus you have the stock pummeled again...and vise versa on any profit side...meaning you should not do a R/S with continuing losses and that puts you between a rock and a hard place...you need the cash if it would even be available but you know that if your expenses isn't under control your going to take a beating all over...thus we have wash, rinse, and repeat terminology...and rightfully so imo
imo Dr. Damaj has to be held accountable for expenses...we can't wish and hope as I have did myself...the proof is in the pudding (numbers).
Damaj is going to have to prove to me INNV can continue without more dilution or and R/S.
imo when they have made up their minds to do and R/S it doesn't matter what the pps falls to it will be at the expense of any retail investor who still owns the stock...
imo a low stock price could be advantageous to a company wanting to do a R/S because it would give them cover...of course this is totally my opinion
right now I own a stock that trades at about 1.00 and has had low volume...but I am expecting/hoping for good news for them shortly..
I own another stock that has strong volume at around .40 and has the potential to move quickly anytime....
I missed out on OGEN big time when it was under 1.00...... :(
I saw your buddy awhile back over at a sub-penny stock...If he had bought and held on to the stock at that time until a couple days ago he would have made quiet a bit of cash according to how many shares he had bought...you have to have a stock that has volume to make good cash...people know when a stock has high volume they have the opportunity to make cash...INNV is not one of those...watch that bid and see if they don't keep hitting it and lowering the pps...
I don't think anyone on this board is doing that because they would be losing money but it could be someone that has connections to the company that has free shares..and it been happening pretty well since after the release of the 2nd qtr results...
People want paid and christmas money whether they be lawyers ect..if they got paid in shares at some point....an example could be if it was shares given as a bonus even...they dont care what the pps is they just want the cash for christmas or other financial reasons....and guess who takes the hit..yeah the poor ole retail investor/investors
you are pulling stuff out of mid air...nothing based on facts...for example look at the expenses it cost to do 7.7 mil for the 2nd qtr...It cost all that to sell 7.7 million in revs and that is with 80% profit margins...are you saying they could do 9 mil in revenues in q4 and not require the same expenses as in q2 ?...
Florida the only reason expenses would be down in q3 and q4 would be because they are running out of the 5 mil they had in cash...they are not bringing in cash flow positive Florida....they have to raise cash my friend...who would loan this company cash without taking a heavy heavy toll on anyone who was an investor...look at it now...I have saw hundreds of thousand of shares come up on the bid and not move the stock...someone just waits and sells right into it. It's like an unending number of shares and the bids just cant move the stock and unless someone actually buys at the ask price we really dont even get a .001 tick...
I had high hopes at the beginning of the 2nd qtr...but after the release of that qtrs results the stock has been dead...there is hardly any volume for a .12 stock...that shows that even the stock manipulators isn't touching this stock
My friend, I am negative because I see NO WAY INNV becomes profitable this year and I do see INNV's need for another huge cash inflow. I see what I believe to be dilution continually and that on a stock with low volume. Does it not bother you that the CEO said several months ago that SHORTS should be scared. Well how has that worked out and he is the CEO.
While I did not write anything about Damaj I would have to wonder if you get around on any other message boards. Would you deny dilution. Do you deny the excessive expenses. Are you expecting profits by year end ? Are you suspicious that they are supposedly making 80% margins but yet have those expenses. Does it bother you that they started out in the 2nd qtr with 5 million and in the 3rd qtr have very little left. Do you even have level II to notice those big bids that doesn't move the stock up and are taken out shortly after they appear. Are you denying that you believe a R/S is at hand. Do you not think they would dilute this share price until they squeeze the last drops out and then R/S for the benefit of the share holder? Is it wrong for me to believe that is what I am seeing. The money seems to be going down the drain quickly and break even no where near by the end of the year. But needing a cash flow is going to be needed imo........lets wait and see who is right....
Could be coming to an end...you can only use other peoples money for so long...the volume lets you know the investors are gone for the most part...except for those who post here...:(
Well, if you have 80% profit margins on your products and your expenses are what they were at the end of 2nd qtr what should a person think...once you think about it for a while you realize how terrible of a job management are doing managing finances...i mean could they ever make a profit it they even had a 99% margins. All i can see is a R/S after they have did all the diluting they can do or toxic financing but who could look at this as making a profit when they already claim to have profit margins of 80% and on top of that they have huge expenses...maybe it has caught up with them...
SHORTS BETTER BE SCARED...LOL..LOL..LOL..LOL...
I saw one of them in a sub-penny stock sometime back...
to my shock it appears to me they used about all the 5 million in the 2nd qtr alone...because heading into the 2nd qtr they said armed with 5 million they were going to hit the road running (something similar ) to that...not exactly sure how you have 80% margins and keep increasing expenses...then again maybe because it is really hard to sell such products with 80% margins...something is wrong because this isn't working...hard to convince investors to buy in when it cost so much to get your product out there and still not having much success decreasing expenses...its just screaming failure to me...there are other stocks to buy that has some volume to move the stock...
in all honesty i can't answer those questions...i don't know how are in you are...i tried to buy the dips along the way and accumulated a good number of shares and sold at the last run but luckily this time i was at about half my original number of shares...i realized when those hundreds of thousands of shares on the bid could not move the stock that we had problems and finally had to face the fact that it was probably dilution...pretty sad for me but at least I made some good money on the move from about .105 up to .14 or so...2nd qtr results, Damaj not attending the Conference (which was BIG) pps sliding back down and volume decline woke me up...
when Damaj said that about the shorts getting burned i knew this was a pump statement and kept it in the back of my mind..i have waited for news..there has been none and the stock bid kept being hit day after almost since we started getting pummeled from the .14/.13 area and the fall was fast..all that appear to be left is a few of us retail investors..evidently not many more than post on this board...imo a lot of times this type action happens before a R/S occurs...they may keep diluting it and squeezing the last pennies out of it until they get it so low they do the R/S...bragging about 80% margins and this is the end product is not good....2nq qtr end product was horrible...
A/S would just destroy what is left of the stock at this time...a R/S would be more for their benefit but I am afraid the R/S would be seen as what it is...just a wash, rinse, repeat cycle...
2nd qtr expenses almost destroyed this stock...now financing will be on everyones mind...I hate it...at one time I owned a lot of shares...I thought maybe they would cut expenses...but I try not to fool myself..no one cuts expenses this fast and become profitable imo...besides that, i feel they are diluting the stock even more as the bid keeps getting hit and hundreds of thousands of buys does not budge it....
So here I thought it looked like accumulation but the sells just keep getting larger and harder to overcome and they keep whacking the bid over and over while only a tiny fraction of the ask is taken out...now we are into the 4th qtr and financing ? will raise its ugly head again...all i could think of is an R/S and I don't want to be in the stock when that is announced...just venting over the constant slapping the bid...normally stocks moving down is not a good sign and they constantly hit the bid to bring this one to .116... if expenses this qtr are as the last then it won't be pretty...but there is always the R/S to fall back on...
The unending amount of shares to sell. Ask is at about 150k...for weeks on end it has been almost constant hitting the bid...very little ask throughout the day...do they continue to dilute and dilute and dilute...i have seen hundreds of thousands of shares on the bid get taken out and the ask just sit there or move very very little...i think they continue to dilute the stock
Three large upcoming events will help shape INNV future...ANDA that we been looking for....Cialas generic added to Beyond Human line...and continued expansion of revenue streams...so just looking to see what we hear next from the company...its been quiet...hoping for the news we been waiting for...
Wow Junkyard...I will give you credit for one thing you said...your talking about penny stocks exploding before a bull market ends IS TRUE because as the large cap, mid cap, and smaller cap stocks play out the last place that profit is squeezed out of is the penny stocks...This is true and I have seen it happen...
I have also watched my streamer as someone buys a basket of these stocks and you can see multiple stocks at the same time suddenly, for no reason news wise, make a huge one minute move....anyway thats a good pickup there buddy...
Is someone accumulating shares ? Strange whats going on....
200K on the bid..someone has been buying lately
You misunderstood by post for some reason...i was just agreeing with you...Damaj had to be working on some big stuff in order not to attend the conference...just makes you think there were very good (money and sales) reasons he could not attend...
its been awhile so i am expecting a news release anytime.
And just an addition...23/25 million or even bigger for 2018 proves it.
Any day now we will see the fruit of Damaj labors. If Damaj did not attend the conference then you know he was working on something big. Something that had to be far bigger than the presentation. That would be big
They release news on Fridays also...I'm looking for our next release to be huge also... Don't know what is going on but DAMAJ been very quiet...3rd qtr should have seen a pick up in the Canadian sales...international Amazon ..blood test kits...Cialas deal or update...CVS update...qtr 4 may be the qtr that is loaded...
Anyway it got my attention when I saw it on the 10Q and then they mentioned leveraging it. I thought $183,636 was a pretty good chunk of change.