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Robo, I like the way you are venting, which is okay and certainly you have lots of good points. Yes, management has seemingly screwed up to keep pps high and alive. As I kind of implied in my message, myself like many here expected that even with $3M news would move pps into 40s 50s. Definitely I am disappointed but what do you expect after 50x sudden volume increase, which many turned out to be only traders. No pps would stand in this type of shareholder demographics. Believe me, it will be fine as long as you give time and patience.
I am in this for the long term and also I am very excited for 2007.
So strange! Because, where we are right now is as if we lost $3M in a settlement plus we have no other value proposition!
Sometimes, it is hard to understand the market but eventually everything gets justified, both ways.
I’d like to share some activity related observations:
1- Prior to settlement mania started, INRA board marks were in low 30s. It reached to 123 last week and is 114, today.
=> I think, board marks, remaining relatively high going forward is one good indicator as far as raised awareness and ongoing attention. Please note that this is just in IHub alone.
2- Our daily volume has been around 100K for some time but last week suddenly reached over 5M (50x) in a single day, although has been stabilizing lately around 1M (10x)
=> IMO, 50x sudden volume increase serves as the main cause of fast drop in pps, which has its own force to effect in short term.
Like it happened last week, it may sound fun but attracting so many adventurous rollercoasters eventually harm company equity and long term shareholders. Innova as being a real, functional and high potential company needs ‘investors’ for a steady climb in value on the market.
I know what I am sitting on, so I just laugh to this irrational outcome… because, soon so many will hit their head into ‘nearest’ wall... :o))
Arrow, I liked your question. :) Very smart. btw, it is the main reason I keep checking and contributing on this board, because I feel that many in this board are very smart and resourceful people.
Compliments aside, back to your question. Here is how I can answer.. We are shown a single digit percentage of the iceberg and this is strictly lawsuit talk regarding current + future effect on INRA. Some like to think or speculate that what Walt accepted after all is only this much is wrong/incomplete/deceptive, because what we know now is how much we are supposed to know. Besides, on this settlement related comments or some other issues, underestimating Walt's business acumen is a short sighted perception. He is a leader with strategy, plan, energy and connections that we should feel lucky to have as our CEO. Things take time but certainly are on 'right' direction.
Dont be surprised if you hear the familiar three letters acronym (ABB) on future dealings, plus more suits to follow on patent and infringement cases against some other companies. Honestly, I cant because I dont know any timeframe, in other words, when the curtain will rise in reference to future happenings of ABB settlement outcome. All I can say is that 2007 will be full of exciting episodes.
Please read later part of my post about that.
I roughly mention your question/request there. I cannot say much, sorry, but certainly be very positive.
http://www.investorshub.com/boards/read_msg.asp?message_id=17628460
No, not everything is told in 8K for the settlement. You are right on that. And, this is not a wish, assumption or contructive conspiracy.
Logically, technically and legally ABB case will not be limited to $2.9M settlement and more will come and we all will hear first then see it happen. (We already have net $2M cash though because of this.)
Again, that is only one of the things to influence INRA pps in coming months.
Excellent catch!
This is one of the clauses I have been implying all along.
We are victim of reverse perception, imo.
I guess, while the pps was in its teens and if $3M settlement was to be announced without us (partly our fault) speculating much about the expected amount, we might have seen steady increase and minor correction in price by now.
As I discuessed earlier, we are talking about a company which has around $2M debt in its books, has great potential and if all the sudden received net $2M cash as a result of settlement... what you think in that scenario to happen for pps? Only going up, right? But, we have had too inflated expectation, when people heard $3M... it was treated as little as a 'tip left in a diner table' so gold-rushers chose to run away to another place!
I am content without them anyway, despite the dust!
A smart move and a transaction worth attention! 178000 shares @ 0.1729 OBB 16:13:56
I wish I was able to load more at these prices.
pps doesn’t bode well with recent developments! Am I wrong?
We began February with full of important and assuring news:
1- BUSINESS: NASA contract renewal (an assurance to this year’s revenues plus this has credibility aspect)
2- CASH: $2M net cash infusion on ABB settlement (and more will follow on that)
3- EXPANSION: Intended acquisition of Altronics Service.
While the pps was ranging $0.13 to 0.16 about a month ago, company had negative $2.3M cash flow from operating activities (as of June 2006) according to August 2006 10Q.
I FIND IT STRANGE BUT CERTAINLY TEMPORARY THAT CURRENT PPS CERTAINLY JUSTIFIES NEITHER THE REALITY NOR POTENTIAL ON INRA!
It is what is it is today. Yes, I am disappointed how market values us now. But, I am not mad and certainly I am not panicked. Like in physics, right pieces always come together, I mean, the value and price! And, it will for INRA as well. It is called market efficiency.
Relax, my destiny friends. (I know some cannot if 2006 taxes or something urgent were expected to be paid by INRA returns! But, that is your time, your situation, not INRAs!!!)
Give INRA a break and sleep well at nights. Because you made a right decision to be proven in relatively short time.
For the record: I am not a pumper or defender. These are my genuine beliefs about my own investment and thoughts about current perception.
Now SPIN is talking again. This is how I personally would like to see you back in what you are at best. (finally, you seem to have stopped for crying, I guess) :o)
As you outlined in a nutshell, this is the INRA we are holding.
Reality catches up for value stocks in a few days, sometime even in one day.
Let's move ahead with value investors... I observe from numerous postings that we have new sensible investors as a result of last week's great exposure.
For everyone, you can be rest assured that Walt and his team is working diligently what is right for the company which will be factored in the share price sooner or later.
Please remember: Stocks dont move at our calendar.
I am not local but have friends to know some locals. I never entertained to comment on this before when people wrote or joked stuff about him building a new house. Because it was nothing to do with INRA and company business. However, since you asked me directly, it is his existing house just is undergoing repairs and restoration after some damages! (according to his neighbors)
Some (long time and new ones) on this board cry like babies lately when stock price shakes up speculatively. Instantly blames come for Walt, company management, etc. So childish, so unloyal, imo, only either uninformed or desperate investors would be expected to do this.
Sure enough, it is not fun to see your portfolio value jumps then drops and putting you in a losing hysteria. Folks, you know so well that yesterday and today is stemming from because of too high expectations on the settlement. We invited all those traders by setting the expectations so high. But, I encourage you all to look at in positive side in fact, which is as Rodeo said yesterday, in return we have gained a lot of value conscious investors starting with last week and continuing. INRA is in radar of so many now, just look at the board bookmarks (from 30s to 121) and who knows how many more other than iHub.
We were in for the value this company represents and will eventually be delivering, which is expected play out especially this year.
Speaking of the settlement, I can only tell that $3M is not the whole picture! It was decided to keep the best interest and future potential on this. (I am sorry, I cannot comment much) We will either hear directly from the company for next steps or will see from upcoming legal and business actions that it in fact ‘opened doors’ to us not only concerning ABB, also for some other companies on the basis for infringement and patent rights. Of course, this is the prospects only for the future of recent lawsuit’s outcome.
I am here to stay. Because, I am here to see not $1 pps, in fact $3 plus.
(mark my words and share your enthusiasm with me when this happens)
Please dont compare INRA vs SLJB. They both are totally unrelated by all means. Any decision to buy or leave INRA with experiences like SLJB has no base to start with. INRA is a functional, transparent company with lots of potential and strong strategic ties both company and individuals. It is not a typical pennyland stock at all.
Why are we stuck at .29 .30 still? News is out, volume is going up fast... I dont understand!
Thanks. So, I anticipated. Himm, I wonder how many shares each block is for INRA.
I am not too familiar with L2. Are the numbers on the 'size' actual number of shares or does it represent block that made of x amount of shares?
imo, that's implying our soon-to-be-announced new acquisition, which will give great leverage to go after the real dollar business from Department of Defense and working with companies like Boeing.
I am telling you, this is just the beginning, episode 1 for INRA 2007.
LIFT-OFF has just began... Congrats to all INRA believers, sit and watch, it is our party now.
Exactly... this not going to shake the house for ABB but break the ground for INRA.
In last a few days, the attention on INRA has been incredible. Just look at board bookmarks (more than tripled and growing) and of course we hit 40-50x of average volume increase yesterday.
Count down is on and we are doing the single digits before the LIFT-OFF.
.35 .45 .65 ...oh well! These all will be insignificant once the news hit the wire. I am here for big picture and big money.
Yes. Because, there was not much crums for pigeons to eat. Big meal is for lions. It is cooked and waiting to be served very soon! LOL.
Perhaps .45 tomorrow and .64 is Friday! Higher it goes before the official announcement indicating me size of the KABOOM! ;))
So, the pool = float is 32.8 million shares! Not much room for supply purposes when the news hit wires. I like it.
It is early yet but just curious if anyone has educated opinion on these….
Does Innova plan to be listed in Nasdaq?
If an OTCBB stock reach and remain to be above $1, is it up to a company’s desire/application to get listed in NASDAQ or is imposed to move there?
Thanks.
Go INRA... and, I know you WILL. :)))
Ditto... but, I'm holding for way above $1...
Anyone, please dont dare to offer me pennies anymore. Let's talk about dollars and sense.
Funny to watch that flippers are happy and eating their bread crums! Because they are flippers, they don't do DD and miss the much bigger picture!
AMAZING!!! INRA board activity passed once favorite SLJB!
The difference, SLJB was hype and phoney (many people missed or wanted to overlook that) but INRA is real deal with 100% transparancy.
About sometime next week. It wont be ready by tomorrow.
what is 'backfiling' weo? Thanks.
Everyone in IHub should know (or better find out soon) that INRA is a gem and a true thing. It is a functional, focused, determined company with real business, real personalities, real value behind it.
It has got lots of potential ahead to turn into reality. We all will see as things rolls out different times in 2007.
ABB case will be great catalyst.
I am glad to be part of it.
It looks like, INRA will be marching up steadily even before official news released.
Today is the first day of activity. In my guess / estimation, mostly ones who have been following closely as well as ones who had ‘available funds’ in their account are able to react… load up today. I expect even more interest tomorrow as the word will continue to spread and also INRA will be fall in more peoples’ radar screen to consider.
By the way, today brought the price where it was before the reverse split! I am not too excited yet. But, witnessing to break out $1 before the official news or this Friday should not too much surprising, instead better be expected.
what do you mean by 'thin'?
Meaning that more buy orders and less sell orders. Just wanted to make sure. Thanks.
No it does. It is the rule for every deposit to account.
I have Ameritrade Izone. It is great. Only restriction is that funds have to be in account 3 days for penny stocks or ones below certain amount to begin trading. However, ff the funds are wired, can be used immediately.
It is kind of up to us as well to effect on the price by not letting go our long kept, precious INRAs so fast and so many of them. IMO, for us the INRA veterans tomorrow should not be selling day, rather be a sit and watch day.
My wild guess about settlement amount...
"We don't know how much the settlement is for - do we have an ETA on this number?"
There were different amount of numbers surfacing out lately, all the way up to $180, which I never thought $180 would be feasible. My guess is that it must be less than $100M and very likely to be above $30M.
I spoke to a veteran Wall St. friend of mine, who also knew about INRA for sometime. His speculation is even for $30M+, even conservatively and outcome of this lawsuit alone (without taking other potentials and business aspects into consideration) stock price should be in range of $2.40-3.00
I was falling from my chair!...
Tomorrow will be VERY interesting day for us.
HUGE CONGRATULATIONS TO EVERYONE.
Congratulations for your belief, patience and contributions.
It seems like it paid off eventually and as expected.
TOMORROW WILL/SHOULD BE A HUGE DAY IN STOCK PRICE.
We don’t know the amount, but especially based on SPINs example with XKEM jumped 1100% with $7M settlement, it seems like under a $1 must be still a bargain!!! :o)
I dont know how I will be able to sleep tonight!
CONGRATULATIONS...CONGRATULATIONS...CONGRATULATIONS...
Thanks, Spin.. (as always)
I am curious, why March 12th is stated as 'Tentative setting'? Isn't the date firm and official by now?
Every other solid business news aside, if court decides to award us on ABB case, in my opinion/estimation, a compensation above $30M would give INRA power to jump (and, stay) above $0.60s. And, higher accordingly.
Right now, if it happens to be the case, some speculate / some expect this to range from $30M to all the way to $180M, which I can’t guess how volume and price will be unrecognizable from these days.
btw.. This year taxes are due April 17th.
A question: Is this case supposed to last about 10 days or is it ten days to hear each side, so verdict is expected to be about March month end?
That possible 'welfare check' has power to nail the acquisitions Innova has been pursuing and most importantly with little or no business loan!
IMO, company may be pausing its expansion plans to act upon how ABB trial shakes out.
Not that I care about or it is significant in the weight of any INRA stock price, but I am certainly aware of HarryO’s 180 degree mysterious mode change in speculation in INRA and its future! This is so noticeable. It smells deliberate bashing to me.
Thanks for the continuing hard work Spin. Thanks also for the case summary, greatly appreciated. I would hope that people in Innova work as hard as you do.
Our D-day, March 12 is approaching every day. It is very exciting…