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"Matty boy DUMPS 40.5M shares last week."
WHAAAT???
Matt the slug took on debt and sold more shares?
Who could have possibly predicted such a situation?
Great time to be in the Moore family.
"If this sham doesn't show huge profits when the next financial"
INND will never have profit. Matt the slug will always find ways to "reinvest" in the company. You know, when Moore family compensation goes up to match any unicorn free cash flow.
"dumbed down any further."
Nice. Maybe you could learn how to communicate??
"This is near the front of the store, near the entrance and the cash registers."
Direct quote. "cash registers"
Sorry if I misunderstood your implication. If you meant that being in the front of the store and the cash registers means more eyeballs then yes, I agree.
"This is near the front of the store, near the entrance and the cash registers."
I may be wrong but $500 hearing aids don't seem like an impulse buy item.
Stores put candy, soft drinks, magazines and things like that by cash registers so people waiting in line get bored and drop them in their cart.
"People are far more likely to seek hearing aids if they can pick them up without an intermediary"
Yes!
"HearAssist having shitty "cardboard displays""
Nothing gives me more confidence in buying hearing aids than a cheap, flimsy cardboard display at Walmart.
"$INND is Open & working on MANY Business Development Opportunities."
While Matt the scumbag was selling billions of shares, he also received $250,000 in Covid PPP funds. The cockroach CEO always seems to get money from everywhere except revenue from sales.
Long, long history folks. Do you really believe that shareholders will benefit in any way in the future?
Authorized Shares - 14,975,000,000 - 06/13/2022
Outstanding Shares - 7,283,467,666 - 06/13/2022
Restricted - 1,116,601,045 - 06/13/2022
Unrestricted - 6,166,866,621 - 06/13/2022
Something to watch next week.
"you do not have to give up shares of your business.'
Totally agree. Go two steps beyond the strict definition.
The company is worth less until the debt is payed off - value dilution.
After the debt is payed off, you have payed some amount in interest. $40,000, $50,000, $60,000? Again, the company loses value and the shares are not worth as much.
Gotta sell a lot of hearing aids to compensate for losing $50,000.
"Misleading nonfactual statement!"
So is calling debt "NON-Dilutive"
I may be 100% correct but the problem is that we will never know. Matty will never release the details of the deal.
This deal will likely cost in excess of $50,000 in interest. There goes the margin.
"Typically 2%-3%"
Nobody is going to lend Matty money at 3%. More likely 18%. Probably backed up with warrants as collateral.
Dilution is the only solution.
"NON-Dilutive Capital"
What a load of crap! Taking on debt is absolutely dilutive.
How much interest will have to be given away?
Matty finally gets an order and he is unable to fill the order without taking on debt?
What if Matty has been dumping shares and taking on debt? Double dilution! Think that won't happen? The guy is a scumbag, he could care less about current shareholders. Why doesn't he own shares? Tells you all you need to know.
Someone on Twitter said there is an article in the New England Journal of Medicine.
Better load up now!
"1500 Walmart stores about to sell INNDs products."
INND, IHear, Hearing Assist hearing aids have been available for many years. These are not new products.
Will a cheap, cheesy cardboard display in Walmart suddenly persuade thousands of people to immediately grab one and go to the cash register?
IMHO people may look at the displays and then go home and do research on the internet. How many will then find better products for less money from more reputable companies?
"from Walmart"
The other interesting development being ignored is the Best Buy channel. People like and trust Best Buy. Let's see what kind of revenue is generated there.
INND faces a herculean task to generate enough revenue to overcome past and future dilution, Moore family compensation bloat, competition, etc.
When the Moore family buys a million dollars worth of shares then I'll change my mind.
"It’s just the beginning."
You may be correct. The history of the Moore clan is just too much for me to overcome. Matty won't be able to resist selling 7 billion more shares. That magnitude of dilution is toxic to shareholders.
When the Moore family starts buying shares then I'll become a believer.
"A point I was inquiring about was that they must have been pretty desperate to make that deal."
Ding, ding, ding.
Exactly - why would a successful, profitable, growing company agree to be acquired by a bottom feeder like Matt? I have to assume that they weren't successful, weren't profitable, nor growing.
"I just see folks praising Matt Moore here "
I'm guilty as charged. Matty is a freakin genius. Not many people can pretend to sell hearing aids and then turn around and become filthy rich selling billions of shares of toilet paper.
Over 7 billion more shares waiting to be dumped.
Compensation bloat will eat up every penny of cash flow. Somehow the Moore clan compensation dramatically increases every year.
Anything can happen but INND is still burning through cash. Revenue will have to skyrocket to ever see a profit.
"Wonder why they show MASSIVE losses each year?? Duhhhhh..........."
The Moore family will never let shareholders participate in profits.
Compensation bloat will consume every penny of potential profit.
Shameless bunch of jerks!
"They get one shot at this."
I totally respect your point of view. You are speculating with your eyes wide open.
My point of view is that Matty will milk any success for all it's worth. Massive dilution to come will irrevocably damage current shareholders.
Compensation bloat will consume every penny of potential profit.
I wish you well. You seem to know what your getting into.
"I'm not sure a take could be this incorrect, but it is."
"I have a feeling" - just based on years of history. I don't know if Matty has been dumping into this latest spike. You don't know either.
Let's have a look at the next share count and see.
"INNER_SCAM: GUTTER DEBT MINI P&D OVER SHARE DUMP RED ALERT !!"
I have a feeling that Matty has been raking in the cash all week. The entire Moore clan thanks all you buyers.
"On April 28, 2022, the Registrant’s wholly-owned subsidiary, HearingAssist, II, LLC, received a purchase order from Walmart USA in the amount of $1,583,922"
I only saw this one previously. Thanks for the update.
"take it back up to pennies"
The fundamentals are crap. Just like the executives.
Two things that may have changed the trajectory:
1. Best Buy - a credible marketing channel with actual products for sale and a fast, easy return policy. I took notice.
2. Walmart orders - Although where is the SEC filing about this material event?
I suspect you are right about going back up to pennies but not because of fundamentals yet. Fixing the fundamentals will take a long, long time.
Good luck! Watch out for massive dilution and compensation bloat for Matty, Mommy, and Daddy.
"Great fundamentals with the company."
Um, have you even looked at the fundamentals? Shares going for 1/2 cent. Soon to be 8 billions shares outstanding with another 6 billion authorized to be dumped.
History shows that the Moore family will consume any and all cash not nailed down. Shareholders will continue to get Innerscoped even if revenue quadruples.
"INND is definitely moving in the right direction"
BestBuy deal was a nice upside surprise. Walmart deal is a step in the right direction.
Trouble is - Matty needs a lot more revenue to break even. Still bleeding cash which will likely require massive dilution to stay afloat.
Good luck longs, I sincerely hope this works out for you.
"Going long and thinking Matt will take the company places is silly talk."
So true. INND does have huge swings now and then. Dilution overhang is severe, I don't think Matty can keep the doors open without dumping hundreds of millions of shares every month.
You have a very realistic analysis, good luck!
"a carton of cigs and a scented soap-on-a-rope"
Matty will identify as a woman and go to the women's prison and keep on running his schtick until he gets out and starts another company "to help the elderly and veterans overcome issues".
Probably get some inmate pregnant too!
"INNER_SCAM: .002X PER_SHARE_PRINTING !! THIS_SCAM_IS_DONE_LMAO !!"
Let's see - 5 shares at .002 will get you one single sheet of toilet paper.
Miniscule revenue
Bleeding cash - on pace to lose $4 million this year. Assuming sales hold up.
Zero product superiority
Moore massive dilution on the way. (Yes, Moore pun intended.)
" I’ve got all the time in the world."
I sincerely hope you come out ahead. I got out by the skin of my teeth with a profit of $250 after years holding this POS.
The problem is that Matty has all the shares in the world to sell and he will be forced to sell to cover costs.
Matt gave away half a billion shares to buy companies with some revenue. The fake revenue spike is not from Matty. Matty has never been able to sell anything but shares.
Still on pace to lose almost $4 million this year and will force more massive dilution.
"Loss from operations(972,414)"
Losing almost $4 million per year. Matty is going to have to dump a billion shares a year just to keep the doors open.
INND sells shares, not hearing aids!
"I'll have one of whatever you're smoking !!"
Yeah, that was pretty silly of me. Although volume frequently exceeds 20 million a day.
"INNER_SCAM: NEW_52_WEEK_LOW_.0025_TODAY - THE_SCAM_IS_OVER !!"
It's truly repulsive that the entire Moore cartel will have personally bilked several millions from shareholders. Probably around the range of $7 million to $9 million over the life of this POS so far.
Still time for matty to sell his 7 billion shares and rake in a few more million dollars.Seven billion shares at even 2 cents is $14 million more for Matty, Easy Bake Oven Mommy, and easy chair Daddy.
Turns my stomach when these ass clowns should be in jail instead of at the country club.
"This goes to trips"
INND has been losing millions a year for years.
Matty has been dumping billions of shares each year for years
INND has miniscule revenue even after acquisitions with magic beans
INND still bleeding cash like a butchered hog.
Matty still has 7 billions shares to dump and he will.
What's not to like?
Innerscope sells shares, not hearing aids.
There was a time when INND shares were slightly more valuable than a sheet of toilet paper.
Sadly, those days are gone... poor Matty must now sell three shares just to afford a single sheet of toilet paper.
Watch for the rate of dilution to go hyperbolic. Every time the share price gets cut in half, Matty must sell twice as many shares to cover the Moore cartel compensation.
"BLATANT false and fraudulent claim."
So the twisted logic that Matty the slug uses is this:
INND signed an agreement to purchase products from a manufacturer so that makes INND a manufacturer.
As far as I know and I could be wrong but no INND employee ever manufactured anything but billions of shares.
Those INND products from the contract manufacturer never sold and that's why Matty had to buy HearingAssist with magic beans.
I don't believe that I've ever referred to Matty as a thief.
Scumbag
Douchebag
Dishonest
Pumper
Slug
Last but not least - Genius for making so much money over the years simply by selling shares. Year after year of collecting huge compensation for Easy Bake Mommy, Lazy Boy Daddy, and Matt the slug. Brilliant!