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Following is just wild speculation on my part.
Let's say INND is underwater by $2 million a year.
Maybe each hearing aid brings in $50 profit
Matty will need to increase sales by 40,000 hearing aids per year just to break even. That's assuming that the Moore cartel maintains their compensation. I suspect that Matty has or will increase salaries for his family every time there is cash on the table from dilution or gutter notes.
Remember that Matty still has about 7 billion shares waiting to be dumped. Shareholders will never benefit even if sales improve.
The press release says "New eCommerce website".
It's not new.
Dishonest PR. Just say what it really is - "Has been improved to serve customers better". Matty has a very long history of announcements that are - shall we say less than accurate?
Matty already launched a new eCommerce website for HearingAssist.
"ROSEVILLE, CA -- February 16, 2022 -- InvestorsHub NewsWire -- InnerScope Hearing Technologies Inc. (OTC: INND) ("InnerScope"), an emerging and disruptive leader in the Direct-to-Consumer Hearing Technology space, today announced the launching of a new eCommerce website for HearingAssist,"
Yet another re-tread bullshit pump just like the monthly Kiosk pump, just like the regular addition of a new marketing channel.
Matty is a total douche bag.
Kiosks are the greatest thing since sliced bread
Going to get listed on the NASDAQ
Every new sales channel is going to bring in millions in revenue.
Matty sells shares, not hearing aids.
" the KID told some doozys pumping this trash n scam over the past ONE PLUS YR NOW"
Matty dumping shares today. Getting more difficult to keep the gravy trough full as the price sinks.
Thugmuffin,
Perhaps MattyBoy has finally come through with a substantial sales channel. This is actually pretty interesting.
"Our Guarantee
You’ve got nothing to lose but everything to hear. We've got your back (and ears) with a 60-day moneyback guarantee and a 1-year warranty. Free technical support from our highly trained Customer Care Center, available year-round."
Forgive my skepticism about the future of INND. Still burning cash at an alarming rate and still has 7 billion shares waiting to be dumped. This Best Buy thing is something to watch!
"It's ALL a massive crime"
The other multi-year shooting star - FDA approval for over the counter hearing aids.
How does that work? Nobody wants your crap if they have to pay for it but magically if the government gives you a handout then you're suddenly going to flock to Innerscam?
People will take the money and buy hearing aids from reputable, successful companies that focus on quality products. Not cheap crap.
When has P&D Matty ever talked about how great his products are? All he ever talks about is kiosks, marketing campaigns that never happen, new selling channels that never sell anything, uplisting to NASDAQ, vitamins, CBD oil, home hearing test, blah, blah.
INND sells shares, not hearing aids.
" let’s at least be accurate."
I updated my post with accurate numbers and acknowledged that my original post used figures from ETrade. Silly me, I assumed that a large brokerage firm would have correct numbers. Turns out that most of the numbers were correct and accurately described my thesis that LQMT is burning through cash.
Also that my labeling caused some confusion. Again, I made the correction and thanked Steaua for pointing out the confusion.
It's become very clear that many on this board don't care about numbers and facts. Let's all just post subjective nonsense and attack those trying to make sense of reality.
"At least pull the right numbers on assets for Liquidmetal …"
LQMT is not a bank or a real estate holding company. Also LQMT assets are rather meager and not important in my evaluation.
Most important to me is revenue, cash flow, profits. Perhaps we can all agree that it's time for some large contracts? Without revenue then nothing else matters. Burning through millions of dollars a year will eventually cause massive dilution and eventually bankruptcy.
Just a Frustrated Investor sharing an opinion.
I apologize for not being more precise about what "Cash" I was referring to. Regarding the original post that started this discussion, I'm referring to total current assets. For LQMT, this is mostly cash and cash equivalents. Thank you for pointing out the discrepancy in my thinking.
My premise however does not change. Burned through $40.3M going back to 2016. Is this "meaningless" as you say? Tells me a lot.
My "motive" is to be realistic about the state of LQMT. After a decade of watching this turd deteriorate, it's about time to see some progress.
This is my original message updated with the correct labeling with numbers from SEC filings:
----------------------2017 ------ 2018 ----2019 ---- 2020 ------- 2021
Revenue ------- $0.3M ----- $0.5M - $1.4M ----$1.0M ---- $0.8M
Tot Curr Ass --- $42.1M -- $35.7M - $24.6M - $17.0M - $18.6M
Gets even worse if you go back to 2016 at $58.9M
"NOW_"BACK_TO_PINK""
The earth shaking news would be that INND is in the green.
Dilution will continue until bankruptcy because Matty has been burning through cash ever since this POS began life many years ago.
I suspect that the acquisitions have accelerated the cash burn requiring ever higher levels of dilution.
Time will tell...
"let me know if they match ;)"
I didn't make up the numbers right?
The validity of my message stands. You didn't offer a valid counterpoint, just subjective criticism. Show me some concrete rationale about how great LQMT is doing.
The numbers tell a story of a failing company burning through millions in cash with no identifiable prospects.
"math is very complicated"
From numbers on ETrade, should be in the ball park.
Second grader can to the math. Did you have anything relevant or useful to share?
When I post something like you did, it gets deleted.
Cash running out.
Patents running out.
Revenue non-existent.
In-house manufacturing shut down
In-house research shut down
Zero prospects in sight.
--------------- 2017 --- 2018 ---2019 --- 2020 --- 2021
Revenue - $0.3M -- $0.5M - $1.4M --$1.0M - $0.8M
Cash ------- $41M -- $35M ---24M ----$16M --- $18M
Five years with $4 million in revenue while burning through $23 million in cash.
Tells a very sad story. What happens when the cash runs out?
"Signed up two hours ago and are now hitting the INND board ONLY."
Yes, very strange indeed.
Maybe they should prove to us that INND is a successful company?
INND sells shares, not hearing aids!
".explain to all of us how this company is a scam .."
Bleeding cash
Selling billions of shares in less than 2 years
Can't release accurate reports on time
Flailing CEO relying on kiosks to generate revenue
Long string of outrageous broken promises
Dwindling revenue even after acquiring companies with toilet paper shares.
"Walmart, Bjs RITE AID, WALDGREENS ,HYVEE AND SOON TO BE TARGET AND MORE"
Any idiot can use these marketing channels. What's important is revenue. Show me the money!!!!
"THE PUNK can't even get his annual filing correct WTF MATTY BOY ??"
INND probably spends $500,000 a year for Mommy and an accountant and still can't get a simple filing done correctly or on time.
How's that "independent" audit coming???
How's that NASDAQ uplisting coming along???
On the other hand, Matty is able to sell tens of millions of shares to suckers every week.
"Total amount THIS TIME: 38,493,155"
Last week about 137 million shares traded hands.
Matty boy dumping was responsible for about 30% of that volume.
How can the price ever go up when 30% of the shares purchased come from dilution?
Matty sells shares, not hearing aids.
"Matty was DUMPING and banking $210K."
Tells us everything we need to know about this POS and Matty's dire situation.
Matty would have us believe that everything is roses and sunshine. Constant dilution tells the real story.
Kiosks aren't going to save you Matty boy. The multi-year Bullsheet scam.
"MATTY BOY DUMPS ANOTHER 38.5 MILLION SHARES LAST WEEK."
About $210,000. Gotta keep the Moore cartel gravy trough full as long as possible.
Far short of Easy Bake Oven Mommy's annual compensation.
Dump Matty, dump!
"When Innerscope crashes and burns, which it will, what will Mattyboy be left with? Probably not much. I don't think he's getting rich off of the selling of shares"
Mattyboy is paying himself half a million dollars a year as of last year. I'll bet you that he gave himself and Easy Bake Oven Mommy and Easy Chair Daddy a huge raise since then.
Yes, the Moore cartel is getting rich selling shares.
Why?
Because INND sells shares, not hearing aids.
Uh Oh!
Share price is back to being worth 1/2 sheet of toilet paper.
Pump and dump fizzled out!
Earnings report showed how dire the situation is.
Pitiful sales
Bleeding cash
Dilution is not effective when your share price is .005 cents. Requires too many shares just to keep paying the Moore cartel.
Death spiral in motion!!!
"wanted no part of destroying their reputation or losing their CPA license etc ?"
CPA nightmare - becoming embroiled in and SEC investigation with a company that is flat broke. Imagine being forced to rack up billable hours working with the SEC only to be stiffed by MATTY boy.
Your other clients are mortified and wondering if they too are at risk of SEC attention. Run for the exits!
Well, we can't pay you but here is a bag full of magic beans. Thanks for playing!
How can you expect Matty to make money when all the pumpers stopped buying?
Easy Bake Oven Mommy needs cake mix.
"MATTY BOY can't get his shit together and FILE ON-TIME and FILE TRUE AND ACCURATE FINANCIALS etc WTF MATTY ????"
CFO Easy Bake Over Mommy plus highly paid accountant on the payroll and aren't able to file a stinking annual report on time.
Dear Lord, you had almost 4 months to get it done! WTF MATTY?????
How's that "independent" audit coming along?
"ALTHOUGH,, if hearingassist was already insolvent or bankrupt when you sold it, you might be the smartest one in the bunch"
This is really the only logical explanation. Private company with declining sales and bleeding cash. Make a deal for magic beans with Matty and squeeze as much self compensation as possible.
For example - using existing cash at HearingAssist, award yourself a huge bonus for "negotiating" a buyout. Happens all the time with acquisitions.
"TC is diversified in his gifts with both finance and education in law. This will be important for handling large contracts."
What was I thinking? Tony has done so much for my portfolio. I'm headed to the marina to purchase a new yacht, Lamborghini, and mansion on the ocean.
Thank you Tony for your contribution to shareholders!
BTW, golf clubs will never even pay Tony's salary. I would buy them but they aren't for sale. See if you can find them.
"Anyone who hand picked TC to watch over 410 million shares is an idiot."
Perhaps the only choices were dumb and dumber. TC might have been the best of the potential candidates. A successful CEO would look at Liquidmetal like it was a career limiting pile of sheet.
If you were a dynamic, forward looking executive with a successful history, would you consider working for a loser company if you had any other option?
I have to assume that TC is the best that Li could attract.
"HOW does a scam with maybe $200K CASH LEFT - pay off bills of $6 MILLION due like RIGHT THE HELL NOW ???????"
We all know the answer right?
Dump Matty, Dump!!!
Innerscope the shareholders with massive dilution.
Just as I predicted - revenue bought with magic beans but still bleeding cash like a butchered hog.
Sorry Matty but Kiosks aren't going to save this POS from BK.
"If Matty does then he buys himself ANOTHER 15 days to get it filed."
Does Matty have to report ever again? He's just made the empty promise to prospective suckers that INND would become SEC compliant. I don't think he has to do anything.
So, does he keep the con going with BS PR's week after week while he dilutes and the Moore family collects obscene compensation? Or does he file a legally binding report that exposes this sham and eventually is forced into bankruptcy?
"Bingo - he'd of been tripping over momma Moore More aka The Easy Bake Oven Lady to pump that trash filing out IF it had even a "whiff" of anything good in it."
The report will likely report more revenue than Matty has seen since hatching this pump and dump con.
Perhaps the report will also reveal that he's lost more money than ever before and kept on diluting in the process.
Who wants to release a report trumpeting revenue but also trying to explain away massive losses. Matty is sweating his ass off trying to put lipstick on this pig.
Will he also have to report another huge raise for the Moore Con Clan?
Decent volume today. Too bad crashed 35%
Shall we blame the MM's?
Shorty's?
Doomsday Sayers?
Hmmm, what might have caused this clown car to careen off a cliff? Oh that's right, earnings report released for 2021
Another year of failure?
Another year of broken promises?
Another year of losing money?
Another year of fuzzy promises?
"We're focused on mass production". Really? Focus a little harder!!!!
Matty Boy just loves these periodic spikes.
Matty Boy, Easy Bake Oven Mommy, Lazy Boy Daddy want to thank each of you "investors".
"The doomsday sayers"
Those among us that have been here for a decade prefer "Realist" instead of Doomsday sayers.
We have watched the fertilizer be spread and spread and spread. The old fashioned type produced by cows.
Are we finally seeing green shoots rise out of the BullSheet? We will know soon.
Good luck to those holding loooooooong positions.
"Keep building this empire, $INND. Your time is coming."
Thanks for making me smile today. Love your positive attitude.
Good luck.
"I thought you said you weren't invested in INND?"
I was until last year's run up to 10 cents. Finally able to get out with a huge profit of $250. No, not $25,000 or $2500.
$250
I think I had to hold for 2 years. So glad I unloaded this con job POS.
Good luck to you. Hope you can make a lot more than I did.
"30 months later over SEVEN BILLION in the OS. Wonder why this SHAM can never go up?!?! Go ask Matt."
Ding, ding, ding! Seven billion more shares waiting to be set free. How can the share price every stay up?
"I thought he'd at least wait until after the financials to start the DUMP machine again."
Con job rule number 1 - sell while the selling is good. Like when the share price spikes 35%
Matty can't resist. It's what he does.
INND sells shares, not hearing aids.
"Look at Compensation for the quarter. - $16,311 PER WEEK"
Matty, Easy Bake Mommy, Lazy Boy Daddy have to make a living. Steak, lobster, and exclusive golf memberships aren't cheap.
Wait a minute - $63,000 for investor relations?
Are you kidding me?