Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
LOL Batermere...that is really funny...but TRUE I am sure...most people are waiting for a bottom and the next news release...that is just smart trading..
""CAPITAL RESOURCES"" would be your key. We do know what capital resources is...
When you have thousands that go off the bid all day and hardly any on the ask I call that dilution...I have watched it and watched it happen here much like another stock I once owned...To me that is why we never could breaking into the .20's and then near the end of the day or after lunch even here they would come selling the stock down...so I would sometime put in a bid to buy the dip...
Then when I saw the increased # of O/S yesterday it confirmed what I was thinking...
How many times I thought we should be in the .20's....
But here they came and sold all they could into the news....so that is what I thought happened....
Have a great day everyone
Doc in my humble opinion you are wrong about increasing the share count...imo it will be detrimental to the share price....
Dear Dr. Damaj.....I am writing this to you because on your CC 8/14/18 you seemed to have a large cash burn...you are now at less than 2 million at the end of 2nd qtr and that was the end of June..
A person said you said you have enough cash to finance operations for the next 12 months....could you please explain how you can do that for shareholders and those looking to be a shareholder...could you possibly someway let us know...
To me this is a huge problem for those looking to buy...yet you tell shorts they better cover...how could you have cash to finance operations even through the end of the year....I appreciate your consideration of my concerns since it was not asked at the CC....
I love the potential of INNV but I was really taken aback at the cash burn plus the increase in O/S shares... It is what it is...Now I no longer see profitability by years end...I even thought this qtr could show huge improvement in cash burn but it did not..but a lot can change between now and end of the year...
sorry you feel that way doc...I have been a big supporter of INNV..i told you what I did but I didn't think it was funny.
jt my friend you are very welcome to your opinion...and i am not going to argue but if they had 5 million to start off the 2nd qtr with and have less than 2 million now how do you think that they can finance 12 months much less until the end of the year...maybe you can lay it out for me..not throwing off on you friend..not at all...I just don't see it.....
Did Damaj take questions yesterday ?
a bunch doc...going to standby until things settle out..but I wish you guys the very best...toooooo disappointed today...i was here since about .11 and made some very good money...i will wait and pick my spots to buy back...I think the sky is the limit but I don't see having the cash to finance it...
agree doc...I would suppose they may very well get the license...
but with the cash burn in q2 doc I don't think we can even finance q4...they have to do something...at some point they got to do something about it...i am really disappointed this morning...
Today I don't see the way for profitability doc...just more losses and that takes into account I think they can do 25/26 million in sales this year...just can't see how they get profitable if it is taking that much cash to finance the sales...great execution but poor cash management...
Sorry jb...cash burn was terrible...i am really discouraged to see it cost that much to finance 7.3 in revenues...how can we ever get to profitability at this rate by the end of the year....
It is obvious we will not have the cash to get us through the end of the year...barely through the end of the this 3rd qtr..
I am disappointed in the cash burn to say the least...
Huge huge potential for INNV but they will have to make decisions and a R/S is all I see available...if they were profitable by years end that would have been terrific and I expected it...but that cash burn burnt me..
Hey brother don't bash o.k.
I believe Damaj did a fantastic job...this is a small company...you know it...it takes cash to make things move...INNV has great potential and I think will really be a player in the market toward the end of the year..
Yes, Shawn, you are correct in your assessment....Just don't bash...state your facts is fine...
Someone else posted about the cash burn yesterday...i was disappointed so I went back last night and tried to see how that happened...increase in shares hurts and shows a R/S will come (unless someone comes along and buys up 100 million shares)...and no, at that cash burn rate they may have enough to get through the 3rd qtr....i hoped we could avoid this with the increase in revenues but it just took too much to sell and place the products...
ELEPHANT IN THE ROOM
While I really see the great potential for INNV the big problem is indeed the cash burn for the 2nd qtr.
And as I have watched over the months since we moved to the .15 area is the fact that people have been exercising their warrants.
Outstanding shares also increased to over 205 million. Someone continually kept selling and we could not move the stock.
They are going to need cash...that burn was horrific...
But the revenues are there and I do expect financing to be easier because of that...INNV could even acquire someone but make no mistake we do not have the cash to make it through the year...we paid a price for that 7.3 million...
INNV has absolutely great potential...at some point the R/S is really going to be in INNV's favor in a huge way...but yes, I am bitterly disappointed in the cash burn....
Damaj did not want to answer that question...terrific stock but Damaj has an elephant in the room and he has to move it to move the stock imo...
Some there you have it...but I do believe it is going to be a big mover at some point...but first have to deal with the cash burn, warrants and increased outstanding shares...
Wow Shaun you really pegged this one didn't you
ShawnP123 Wednesday, 05/16/18 07:11:48 AM
Re: gi197845 post# 15005 0
Post #
15009
of 16700
Q2 revs will be down. Also, did you expect INNV to have sold their inventory of Fluticare? That buy was probably a 6-9 month supply. They are a late comer and an unknown in the market place for that type of product. This will be the busiest quarter for sales of that type of product. Also, I doubt they will have much penetration into the brick and mortar stores with their Fluticare.
Again Q2 sales will most likely be under $3.5M and the $18-20M is totally unrealistic IMO.
YOU CAN POST WHATEVER YOU WANT AT LEAST WE KNOW HOW BAD YOU HAVE MISSED THE MARK WHILE YOU WERE BASHING...AND BY THE WAY...GIVE US YOUR STOCK THAT IS IN THIS PRICE RANGE DOING BETTER THAN INNV...COME ON WE ARE WAITING
Remember this one Shawn
ShawnP123 Wednesday, 06/27/18 06:25:09 PM
Re: None 0
Post #
15632
of 16699
Interesting how all the positive posters are now posting negatives on the stock. Is this a realization of Dr. Da's inabilities and BS over the last 1.5 years?
Dr. Da made a couple of comments in his last conference call which gave some insight at to possible revs for Q2 which wouldn't be up to the $4-5M needed to achieve his claim of $18M. His latest of Amazon and $5M by end of year was an attempt of pushing out hope to end of year for the upcoming crappy Q2 results and increase in expenses and loss. If there was anything good for Q2, he would have made some type of comment instead of pushing everything out to end of year (ie, keep the suckers coming and give them something). Q2 is it for me. Either it's great or I'm out. Wasted enough time on the inability of management on this POS stock.
THERE ARE MANY MORE OF THESE AS YOU DO FLY BY COMMENTS...MANY MORE
P.S...I will be looking for a very big press release concerning this company...Damaj and execs have a plan they are executing...these revenues will prove INNV value.
GOOD LUCK TO US ALL
I said the 2nd qtr 10Q would be the most important to date...it was...it is...and now it shows us what INNV is capable of doing and the growth they are capable of...
With the company experiencing those types of growing revenues I can now look for investors to begin to inquire about INNV...
Damaj has undersold while overachieving so far this year...I had NO idea revenues would be that strong...
FOOD FOR YOUR THOUGHT...
There is a difference between OUTSTANDING SHARES and FLOATING SHARES...
FLOATING SHARES ARE THE SHARES THAT ARE AVAILABLE FOR TRADE SO THERE IS A BIG BIG DIFFERENCE.....HUGE DIFFERENCE....
So far most are flippers...but...look for a change to start
Just think about this...
2 or 3 weeks ago INNV said they were updating the expected quarterly revenues for Q2 to 6.6/6.8 and yearly from 18million to 22 million.
Huge jump right...
Then out of the blue a few weeks later they blow that out of the water by coming in at a whopping 7.3 million for Q2 and update the yearly revs to at least 23 million...
Talk about some huge sales...
Don't be surprised to see sales in the 25 to 26 million range by years end...the way this is going they may have to update those figures a couple more times!!!!!!
INNV is for real....
Be alert for a big investor/investors to appear...
Actually I would say that increasing revenues (showing you have the sales) attract big money and investors...if they want to support you they come in and ask to look at your business model to see if there is a bonafide way to profitability and make suggestions. It they see profits for themselves then they get in cheap before the stock begins to move up or is even responsible for the stocks move higher...These type of revenues and with INNV own patented products make it a sweetheart deal...it actually looks like we could do 25/27 million in 2018 alone...
Now add to that FDA approval and negotiations of Cialias OTC and the others now licensed for Canada...BOOOOOOOMMMM
That jump from 4.5 million in Q1 to 7.3 in Q2 is huge plus updating yearly revenues from 22 million which they just upped from 18 million a month ago to 23 million now.....BBBBBBBBBBBBBBBBBOOOOOOOOOOOOOOOOOMMMMMMMMMM...
I certainly look for that to be updated maybe a couple or 3 times by the end of the year..
Here is more huge news...
They are in negotiations with a third party for OTC ANDA license for Tadalafil (RX Cialis) with FDA by end of 2018...
So much going on with INNV...anything can happen...
BOOOM....BOOOOOOM.......BOOOOOOOOOMMMMMMMMM....KA-BOOOOOOOOOOOOMMMMM
Moving from 6.6/6.8 preliminary to 7.3 million is absolutely huge...Fluitcare expected FDA approval in 4th qtr...Canada becoming a huge player...INNV becoming a big player in the market...Look for INNV revenues to exceed the 23 million forecast the year...Look for a player to begin to look at INNV...too much revenues to ignore...23/26 million in revenues just blows this out of the water...so many good things happening right now...
See Ya Here Today...I guess I knew you would be GONE TOMORROW...you guys just need to move along now...
7.3 million.....7.3 million 2nd qtr WOW
HOLY COW ....BIG BIG BIG
momentum=upward...gonna be a real winner regardless imo
do your DD..i believe this one is for real
new movers for INNV...
Innovus Pharmaceuticals: FDA clears GlucoGorx Glucose Monitoring Test Kit Innovus Pharmaceuticals announced that the U.S. FDA has cleared the company's GlucoGorx Glucose Monitoring Test Kit that includes a glucose meter, test strips and lancet device under the 510(k) filing of its manufacturing partner, ACON Laboratories. Innovus Pharma will offer the GlucoGorx Kit, which will provide highly sensitive glucose level testing results within 4 seconds, to its customers who buy its GlucoGorx clinical glucose supplement. Innovus Pharma is expected to launch its GlucoGorx Kit and GlucoGorx in the second half of 2018.
Read more at:
https://thefly.com/landingPageNews.php?id=2711669
For the serious investor in INNV I posted the link of the 1st qtr CC Sunday...
Go read the transcript of the call...
You will see what much of the 2nd qtr call will be about...
Damaj has carried through on his plans and continues to do so...Amazingly
We have new products that have came on line and expanding our pipeline of products and expanding our revenue streams...
Beyond Human Health is a big mover...
Be prepared to be blown away imo...INNV has lagged way behind in stock price to date...things begin to turn around for real after the CC imo
Today we hear about STRIPS AND METERS
Yes, INNV is becoming a FORCE in Pharma..
You should have went back and read the 2nd qtr CC transcript and you would have known what is on the horizon....
INNV a real player in the Pharma market...Watching for the big investor to step in.
FLORIDA AND DOC..I BELIEVE YOU WERE CORRECT ABOUT INNV
I ENCOURAGE ALL NEW COMERS TO READ WHAT I POSTED AS THE CC IN THE LAST QTR...
READ IT FOR YOURSELF AND THEN LOOK AT THE INCREASING REVENUES...ITS CALLED EXECUTING WHAT YOU TOLD YOUR SHAREHOLDERS YOU WOULD DO !!!!!!
Something happened in the 2nd qtr..a big shipment of one or more products.
INNV considers a CORE product as one with sales of 1 million or more in revenues and we currently HAD 7 of those CORE products..
Also we had some new items coming online that could be shipped.
Damaj strategy is to multiply revenues of CORE products each qtr and take the new products and use the same successful (PROVEN) strategy and do the same with the newer products. Either way we got a big bump in qtr 2...
Lots of products were talked about in that last CC....CEO is executing exactly on his strategy....
AND I GOT IN ON THE GROUND FLOOR...I BELIEVE THE BREAKOUT IS COMING
If you read my last post then I think we should get ready to be blown away by the CC for 2nd qtr....
This is amazing...just read the whole thing...the results came in 2nd qtr are greater than even what Damaj had expected...wow guys just wow...
and then at the end what Damaj says about protecting the company and investors is amazing
This INNV is for REAL....that CC just blew me away
VERY VERY IMPORTANT...
I encourage everyone interested in INNV to please read the following
https://seekingalpha.com/article/4160662-innovus-pharmaceuticals-innv-ceo-bassam-damaj-q4-2017-results-earnings-call-transcript
Headline in the news said because Tim Cook was at the helm of Apple that the company was worth a TRILLION dollars..
Because Damaj has followed through so far the pps is worth far more than .16....its laughable.
The truth of the matter is..is that when people see the CEO taking the company in the right direction they buy the stock and the price of that stock is as high as they believe the CEO can take the company...its how it works..its called good news press releases.
People try to buy before the stock takes off....
Good luck to us on TUESDAY.
I have high expectations for the CC and 2qtr. We are just now meeting CEO's targets from 2017 but we are finally here. Next is profitabilty. That is the separation phase from the want-to-be stage.
I rode one of these stocks from about .44 to about 1.00/1.10 sometime ago.
This could be another one of those type stocks. This CC will determine our pps for the rest of 2018 imo.
CEO has been consistent. Tuesday we will know the pay off for much of his hard work...
I buy other stocks but none with this potential....