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ABSOLUTELY Right! Easy Bake Momma might possibly be the stupidest person receiving a paycheck at this company. I think she is nothing but an incompetent and criminal loser that only has her position because she gives BIG Daddy Mark a little lovin' every couple weeks. She probably ain't good for much else!
I don't know, maybe she also spreads it around the company offices as well to keep the morale up, given that the company is in free fall, losing money, has few prospects and even fewer avenues to save this sinking ship. Apparently she was the bookkeeper for her daddy's bizness as well, I wonder when that one failed?? If this genius cfo doesn't include the gain on the company's financial statements, I'd call the I.R.S right away personally. She can treat the ladies at Folsom Women's prison to her 'charms'!
I mean seriously people, what are the real prospects here --- let me tell you, I think it's somewhere less than ZERO.
As for Mattyboy, I suspect he's badly whipped by his parents. If you ever listen to him in the contrived interviews he pays for and sets up to pump $INND stock, I think he sounds retarded, forgive my use of a non-PC word. I mean, every second word out of his mouth is "um"
What a disgusting farce of a company
--the statements above are my own opinions--
$INND now in DEATH SPIRAL!
Get out at whatever price you can, this company is going to run out of cash within a matter of weeks! By the end of month, the hearingAssist people will be selling also!!
This company is DEAD imho
Mattyboy screwed us all !!!
EVERYBODY - Do what DragonLady says!
File a complaint and end this charade!
C'mon Everybody - file an SEC Complaint!
We all know or suspect that $INND is a corrupt and fraudulent company that is allegedly engaged in pump n' dumps, false and misleading press releases, kickbacks, undeclared insider dealings, theft, financial fraud and other mis-deads.
Well, here is how we put our tax dollars to good work and have the government investigate these potential crimes.
FILE A WHISTLE BLOWER COMPLAIN TO THE SEC
Its easy, it can be anonymous, and it will result in real action being taken against a company whose management might deserve to be in jail.
I've made it easy for you by providing the information below: I've submitted a complaint previously and because I gave them my real details, they got back to me. But its your choice, we just have to do it, otherwise why continue posting here if not to try and actually get justice.
https://www.sec.gov/whistleblower/submit-a-tip
AND/OR
https://www.sec.gov/tcr
Want to send mail?
SEC Office of the Whistleblower (c/o ENF-CPU)
14420 Albemarle Point Place
Suite 102
Chantilly, VA 20151-1750
Fax: (703) 813-9322
NEW FRAUD DISCOVERED?? by Moore family?
In 2017, $INND bought a 49% interest in the building they lease, the other half being owned by the Moore family.
I believe I read once that they pay about $12000 per month in rent to the company that owns the building (i.e the Moore family).
In reviewing the financial statements, I notice that while they pay $12000 each month, $INND seemingly gets no benefit from the rent being paid by the clients on the first floor. There is no line item on the income statements that shows that $INND is receiving half of the rent paid by the other clients, which they should be entitled to I would think.
Assuming that the clients on the first floor are paying the same rents as $INND for the second floor, then $INND should be receiving about $6000 per month in either rent payments or some sort of rebate on their rent.
Also, should they not also receive a portion of the income /profit from their own rent payments? The company owns half of the building so they absolutely should.
If Mattyboy tries to say that $INND's rent is already subsidized then we need to see proof and also make sure that $INND isn't paying over inflated rent prices to the Moore family.
If my assumptions are correct, $INND may have been cheated, by their partners in the building, by at least $360,000 and possibly as much as $720,000 in gross rent revenues, over the last 5 years!
I'd like to ask Mattyboy a simple question--- show us proof that your dealings with your daddy -- who's record as being dubious appears quite clear -- noting the California AG charges and settlements-- are NOT defrauding the company.
Also, the I.R.S might be interested in reviewing these transactions given that their might be in-kind financial benefits being earned by the buildings majority owner.
YET ANOTHER INVESTIGATION if this company fails!!!!!
I think the Moore family are going to end up in jail !!!!!
BANKRUPTCY IMMINENT?
I have created an algorithm to analyze $INND's financial position along with an allowance for variables that I can add when particularly relevant.
From this, the system will issue estimations that, barring anything unforeseen that may arise. It's in it's beta version right now but I will start posting regularly the outputs as I continue to follow this barf bucket of a company.
Some of the intangibles I can't factor into the algorithm include corrupt or criminal management, fake press releases etc.
Updates soon my suffering friends!
Anyone here from the CROWN KING lately?? Where's he at these days? Haven't heard a peep from him -- but maybe I need to buy a hearing aid. Anyone know a good hearing aid company??
$INND Must not have gotten the desired affect from Crown King or we'd still be seeing him hyping this stock? Or maybe he sold his shares and has moved on? Either way, good-bye Crown King and good riddance!
What a joke!!! LOL
*all just my humble opinion people.
FORGET THE PHANTOM AUDIT KIDS --- It's all a smoke screen! By mid-summer though, Mattyboy will have released the first 2 quarters of this year, and we will see the truth.
What is the truth?
I'm guessing that the revenue won't have continued to climb as Mattyboy would have you believe; maybe the big accrued revenue line item from last december will have been reversed; no new REAL sales -- a big ole increase in accrued expenses and wages -- which is Mark, Momma Easy bake and Mattyboy; and less cash unless he somehow happens to ink another gutter note before the end of the quarter.
I think The share price will be in the .002's if we're lucky; the hearingassist people will be looking for justice; and we will hear that the kiosk program is discontinued because $INND can't afford to pay floorspace rentals!!
TAX LIABILITY?? I wonder if Mattyboy and his top notch cfo (aka mommy) are keeping up with their government and payroll remittances? With all this alleged staff now, the government needs to get its share. Maybe Mattyboy thinks he can avoid these payments by putting the employees on contract?? Yeah, that doesn't work Mattyboy!!!
Today we record an ominous milestone --
We've all seen that $INND shares have been sinking like a rock these past weeks, congrats Mattyboy on closing in the .003's, but today marks the first day that the value of all $INND stock traded, failed to surpass $100k.
What does this mean?
1. In order for Gabe to provide gutter note financing, he needs to be able to dump the cheap stock he is getting in return. He needs volume and liquidity. Let us be very clear, for every $1 he lends $INND, he probably makes it back 5 -10 fold by selling stock, pushing it lower and lower until we all lose our equity. And, not only does he make this profit but the $INND still carries the debt on the books until some ""shareholder friendly"" WINK WINK transaction converts it to even more shares!
So it's pretty likely that if shares fall much further, $INND loses its funding source and if this happens, goodbye $INND -- the company goes bankrupt!
2. We are weeks away from hearingassist shareholders getting their 125million share first tranche. Granted its worth less than half than when they sold the company, but they should get just enough selling it to hire a good lawyer and sue Mattyboy for possible fraud and misrepresentation. Imagine the irony of this. You know they got to be pissed that they already lost $4million in value over the past 6 months. Serves them right I suppose selling a bankrupt company but you gotta give it to them, they might have out bamboozled the bamboozler! Haha
The net effect of this though is that we should expect the price to continue to fall. now, Mattyboy will likely issue some worthless press release in the next week or so, or maybe 2, but we all know that they are simply designed to help pump the stock for his cohorts and gutter note providers.
3. As things stand now, expect the share price to hit the .002's within 10 days!!! Then we all screwed!!!
Just my personal opinions folks!
If Mattyboy and his crack financial team are actually able to file their financial statements for the upcoming quarter without filing for an extension, I will stop riding his ass for one month.
I won't talk about how he and his family appear to be looting the company's bank accounts; the phantom audit; management incompetence; fraudulent misrepresentations; the share price; overpaying for an acquisition where the company took on $7million in debt and 500million shares for questionable assets; the $53million derivative loss for 2021; the alleged up listing -LMAO-; the kiosks that aren't being deployed as promised; yadda yadda yadda
This company is such a joke that it could be bankrupt before I would start posting again, but then,, that is only if Momma Easy Bake gets the statements out.
Put these people in jail!!!!
JUST WATCH -- Mattyboy will blame the supply chain issues out of China for why he was unable to install these 15 kiosks per day even though he also / separately reports that he's got some 100 in the warehouse!!
I believe Matthew Moore is a liar, a con artist, a thief and someone who will ultimately bankrupt his family, parents included, and assure that his kids spend a lifetime of shame and embarrassment for his crimes!
I'm betting that Mattyboy will eventually lose his house, his marriage, his kids, and his freedom! And guess what?? He probably deserves it! By 2025, I think that the only releases he will be issuing will be "come get some in cell block 14. I offer both oral and back door service -- only 5 cigarettes per encounter"
That is true Suny66 BUT---
Is that the case here? If I go to walmart and buy 10,000 chocolate bars, repackage them and sell them as EloisBARS, THAT DOES NOT MAKE ME A MANUFACTURER!
Buying even cheaper chocolate bars in China, DOESN'T MAKE ME A MANUFACTURER!
Come on man, reality check here!
Oh--news flash,, trademarks, domains, customer lists, customer contracts, licenses, royalties, other contracts, and liabilities in the amount of $7,199,678.
The hearingassist shareholders get a quarter of their shares released very soon.
I hope they enjoy receiving less than half of the value they were promised when the deal went through.
I'm betting that they won't be able to deposit the shares easily and a lawsuit will eventually be filed for misrepresentation.
Also, we should expect a reckoning in the next 6 months when people and the market realize that the $15 million in assets $INND acquired don't support the $7million in liabilities that were taken on. The liabilities, you can bet are real dollar debts where as the assets consist of, per $INND's filings,
$INND paid $8million in shares PLUS assumed $7million in debt for trademarks, domains, customer lists,yadda yadda
That's just WOW!!!
What an amazing deal this has been for the company, even with the hearingassist shareholders having lost half there investment, its still a bonkers deal in my opinion.
Great job Mattyboy and Kim the CFO!!! You are my heroes!
WHY YET ANOTHER AMENDED ANNUAL REPORT?
It's seems like a pretty easy thing to get a company's financial statements correct before filing. It's also possible that little errors identified by Pink markets could require one amended, but a third version???
Is Kim Moore a complete and utter moron? I'm thinking yes. Is she the stupidest of the Moore clan? Again, it appears to be the case.
What is wrong with you Easy Bake oven Momma? Is your son providing you false and misleading information? Do you not understand the basics of accounting? Is $INND a criminal enterprise where you all just make sh%t up?
Mattyboy -- maybe throw your momma a bone and actually provide an environment where she can do the job she's paid so much money to do.
If she's incompetent or senile, fire her! Why should $INND shareholders have to put up with and pay for this possible ineptitude?
Maybe Mattyboy doesn't care about momma's reputation because it's already tarnished by daddy Mark's previous indiscretions that resulted in charges and an alleged loss of his license.
This Moore family seem quite the pieces of work.
Mattyboy -- you disgust me and I think you are a loser that deserves to be in jail bent over a barrel -- but who knows, you might like that sorta thing!
I imagine that Mattyboy never sleeps. He must be completely beset by worry about his next financial or pr move, given that I assume the company is always a matter of weeks away from collapse.
Everyday looking for some new edge, or pretend deal he can hang his hopes on, or issue a press release, turning a mole hill into a mountain.
And when he can't come up with something, he just regurgitates some old piece of news, or not so old as in the case of the new ecommerce site, that he can spew out into the world to make it seem like there is progress being made.
I wonder where the phantom audit is?
Has walmart yet come good on those purchase orders that support the Q4 revenue claims?
Are the kiosks continuing to be installed?
Are the q1 financials going to be filed on time?
Uplist? hahaha NEVER!
Consider this --- Mattyboy has long referred to $INND as a manufacturer of hearing aids, yadda yadda. YET, until the recent acquisition of iHear and hearingassist, it is alleged that all he's been doing is buying Chinese product off of Alibaba and other sources.
The definition of manufacturing is not purchasing product for resale! this would be a BLATANT false and fraudulent claim.
Even buying in bulk from a supplier does not make you a manufacturer.
I'd like to know the specifics of $INND's previous manufacturing operations. If there are none, I would recommend some prison time for Mattyboy. Maybe that's the tru rationale behind the acquisition? A misguided attempt to turn the make believe into reality? Assuming that hearingassist and ihear ACTUALLY manufacture product.
CRIMES here??? I think so!!
MOORE FAMILY KICKBACKS?
Many gutter note providers provide kickbacks to senior management and board members of companies they receive cheap shares in. Do we think that GS provides the Moore family kickbacks? My personal opinion is that this might be the case with $INND. I've sent a tip to the I.R.S suggesting they look into the tax records of Mattyboy, Mark, Kim and Mattboy's wife and in-laws on the suspicion of tax fraud and evasion.
I believe that illicit funds might be flowing into their bank accounts in strict violation of I.R.S and SEC laws. If this is the case, the paper trail would also lead back to Gabe at GS Capital, which would be a crime as well.
When this company collapses, there will be no way to hide the financial and tax records and hopefully they will show what many already suspect -- that the Moore family are criminals. The records are already pretty clear about Mark Moore. They show litigation and lost licensing and a long past of questionable (fraudulent?) behavior. That's why Mattyboy is running the company, because daddy Mark can't!
I think that the whole family are scumbag criminals as well as all of the enablers Mattyboy hires to pump the stock.
Bottom Line - The END IS NEAR
Mattyboy can't continue borrowing from Peter to pay Paul and as soon as Gabe can no longer make buckets in dumping cheap stock, THIS COMPANY IS DONE.
Mattyboy isn't a complete moron, just mostly I think, and even he must feel the pressure that he's always a few days away from the company's collapse.
How many times a month do we suppose he needs to scramble to pay bills, his payroll, those fabulous money-making kiosks, the press releases, the pumpers, the videos, the auditors BAHAHA, yea right!
By the way, where is that audit Mattyboy? or is this another lie? I called the auditing firm a month ago, as I posted about. They were like WTF??
Anyways, I can't see Mattyboy succeeding with this company, unless his definition of success is fleecing shareholders and ending up in jail.
Mattyboy's DENIAL is so sad. That he could actually think he has a chance of making this POS company successful, is simply laughable.
I think that the highers up at all these retail partners need to do a little looking into the background of this company. I think they should be told and shown what's going on. Maybe they should be shown all of the claims Mattyboy has made in the past few years. Maybe then they will think twice about being in business with this company?
I think I found my new campaign for the month of May. Educating the retail partners on what many of us already know!
Mattyboy, it is my personal opinion that you and your family are criminals and thieves and should rot in jail!!!!
These new $INND produced videos are a joke and the slogan doesn't even make sense: Think about it! Think really hard about it!
If $INND is proud of them, that says a lot. BAHAHA
Embarrassing Problem!
When the short term gutter note money runs out and the company starts missing payroll and more importantly, payments to walmart and hyvee and all the other retail partners, will this not permanently ruin the company's reputation?
How long are these companies going to allow a small and possibly insignificant supplier go without paying?
When and if the payments do stop, what are they going to think? Will they continue to carry $INND and its products?
I think they will dump them like last weeks trash.
This company's reputation is gone forever if Mattyboy runs out of money in the next month or two, just watch!!!
THIS WHOLE SCENE IS DISGUSTING
Mattyboy should be ashamed of himself, if he has a shred of self-respect.
The company just keeps issuing regurgitated news releases that say nothing about how he actually intends to make money.
What the hell is the value of todays? The company can now sell their crap on their own site? That's great, will come in handy when Bestbuy and walmart online don't sell any, but rest assured the innerscope site will find plenty of buyers, I'm sure.
So embarrassing!!!
We hit the .003's today! another milestone from the University of Phoenix - online playbook?
Ole Gabe must be worried now as the market for selling his gutter induced shares dries up. Its going to be hard to print more notes when Gabe can't liquidate his booty! Hows Mattyboy going to pay the bills?
How about the hearingassist boys who have now lost half their money? what happens in one short month when they start selling? The stock will be in the .002's or LOWER!
No audit yet!
More kiosks launched? 15 per day? Where they at?
bankruptcy just around the corner? probably not, but soon maybe.
I don;t think this company is going anywhere and the current management may actually be the most incompetent and corrupt on the entire pinksheets!
Financing crunch?
I think that in the next few weeks, it is going to become much harder for Mattyboy to sell his gutter notes and keep the company rolling along.
The share price continues to drop but the volume is not increasing which means, Ole Gabe is going to have a problem selling his ever cheapening shares on the market.
It's going to get ugly and here's why.
For every kiosk put out onto a retail floor, there is likely a monthly cost. The more kiosks out, the higher the $INND burn rate. We should only hope that Mattyboy has given up on this antiquated and IMHO, useless means of driving business.
Bestbuy.com??? That's another kind of farce!
Is Mattyboy and family receiving a kickback from Gabe for these gutter notes??? I'm betting yes absolutely!
Back to the financing crunch however. Once the hearingassist people start dumping their shares, it's all over, the stock will be close to if not in the trips.
I'm afraid that Mattyboy is nearing the end of his financial rope with this one and at the very least, expect to see a flurry of new and meaningless press releases and announcements.
This PR is blatant misrepresentation in my opinion!!!
OUTRIGHT SCAM!!!!!
Looking on the Bestbuy website, there are 20 reviews on these hearingassist products all from June 2020.
Mattyboy should explain why this PR isn't a lie? Just launched on BestBuy and yet reviews from 2020???
How is this possible? Is Mattyboy a time traveller now?
This has got to be criminal!!!
JUST WATCH
Once Mattyboy gets rid of the YIELD sign, he'll issue a press release or tweet about it as if it wasn't his own stupidity and incompetence that had it place on the ticker to begin with!
SAD FACT about Matthew Moore
The reality here is that Daddy Mark and Momma Kim are older folk and for them, this alleged scam should keep them going well into their retirement. Their reputations are already shot, I mean Mark has already lost his credentials and been charged by the California AG, right?
But what about Matthew? He's young, does not seem to have any successfully completed college education, I heard he's a university of phoenix dropout, but don't know if that's true.
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, Gabe and GS securities are,,, UNLESS Gabe is paying Mattyboy a kickback on all of the gutter notes he's inking.
So?? when $INND collapses, Mark and Kim cut back on a few expenses (maybe!) and assuming they aren't in jail, but what about Mattyboy, again if he's not also in jail?
The ANSWER? He'd be broke, his reputation in tatters, with the help of the Internet, and I can't see him getting a job anywhere but maybe a 7-Eleven. Who would employ him, seriously? Does he have any skills? Just hearing him speak reminds me of a stammering idiot. To me, he sounds like he is genuinely stupid! and a dupe.
Poor Mattyboys' children. They might not have nice toys and clothes, not be able to afford a college education. The Mattyboy family could be broke and do we think Mark and Momma will help? probably not! They could be in jail and if not, you can bet they will blow through whatever money they have before dying.
Bottom line,,, I don't see Matthew;s reputation recovering this. I know many shareholders who will hound him forever, the Internet has a long memory.
His wife would probably leave his broke ass, refuse conjugal visits if he ends up incarcerated, his kids would never know their daddy growing up, or worse, be embarrassed by him.
Hang on folks, the next few years are going to be fun to watch. I for one will NEVER let Mattyboy get away with what I believe to be a very big criminal conspiracy.
REGULATORY COMPLAINTS
There are contact email addresses and a contact form on the Otcmarkets website. You should join me in question Otc Markets co. on why they are allowing a company with a history like $INND -- delayed or questionable financial statements, missing 8k's, repeated P&D activities, compliance failures etc etc etc to be quoted.
Is it not the responsibility of Otcmarkets to maintain the integrity of there issuers?? I say YES!!!
More of us need to tighten the noose here and compel real change and respect from Mattyboy and his family towards the shareholders.
WE own most of this company except for the multiple voting shares that the Moores own.
THEY are taking big salaries and in my opinion lying to us. False claims and statements are criminal matters!
RISE up or SHUT up!!!
YIELD = NEW financial pressures!?
Will Gabe be willing or able to trade in this security and provide more gutter note financing? Probably not!
This means that Mattyboy might miss all of those floorspace rental fees to Walmart, Hy-V etc. etc. etc.
Maybe contact the current audit firm?? I provided their emails and telephone numbers
Want answers on supposed audit??
We are being told information about some supposed audit, that I suspect is all a smoke screen, and so I reached out to the Audit firm. I found the responses interesting,, After the initial surprise, or being caught off guard, they were quick to spout the whole client confidentiality angle, but what I found most interesting is that they didn't seem to know much about this account. I got the impression that while it is true that $INND has engaged them and paid an engagement fee, there isn't really much work being done on the file. Almost like, it's possible that Mattyboy isn't providing them with the information they need and so it is simply sitting on the back burner, which would be convenient if $INND really doesn't have any interest in getting it done.
Maybe y'all want to reach out yourself. The firms CEO and managing partner is
Richard Paris, his email is rdp@pkcllp.com and his telephone number is 516 728 3337.
partner Joanne Chiu is jcc@pkcllp.com and her number is 646 436 3358
The main office telephone number is 949 326 2727.
You might want to exercise your rights as shareholders, aka OWNERS of this company and give them a call. Is it not time to check up on Mattyboy and get straight answers on whats really going on, after all its OUR money he's spending!
FLOYD KURILOFF,, Someone should tell Ole' Floyd that since selling hearingassist to $INND, he's lost almost $900000 in value of the stock he received!
Great deal you struck there Floyd!! Let's see where the stock price sits by the time you are able to sell ur shares.
ALTHOUGH,, if hearingassist was already insolvent or bankrupt when you sold it, you might be the smartest one in the bunch
What a disaster in my opinion
SHAREHOLDERS need to wisen up here.
$INND is in bad shape.
1. Kiosks will NOT save the company, only hasten it's demise. Kiosks cost lots of money,, to buy, to install and to pay for floor space.
2. I'm not sure that $INND accountants understand derivative liability.
3. A review needs to be done on the 'acquired intangible assets' What are these? How were they valued?
4. Who conducted the independent valuation on acquisitions?
AND
WHY is quarter 4 not being included in the phantom audit. by the way, How is the audit coming along?
Silver Lining here!!
If the company's stock remains YIELD for a longer than a few days and it turns out to be because of mis-stated (wrong!) financial statements, which is likely unless Easy Bake ovens come with a free "Gaap for Dummies" handbook, then then then Mattyboy won't be able to issue anymore gutter notes. I don't believe Gabe can do deals with delinquent filers.
The downside you ask,, well, the company runs out of cash in a few days or so. I can't imagine the margin on selling through Walmart and others is very high.
KIOSKS SAVE US !!!!!!!!!!!!!!!!!!!!!
Dragon -- I don't think its because of late filing.
I think there is something materially wrong with their financial statements and after review the Otc markets have flagged them, requiring an amendment.
I went through the statements and there are some things in them that just don't make any sense, logically or per Gaap rules.
We should probably look for a restatement or amended version of the financial statements soon
Oh Oh, $INND is YIELDED!
I guess the OTC exchange has found discrepancies with the financial statements they filed or all those pumpers on here saying "Mattyboy filed on time" were proven WRONG!
Hahaha What a POS, both the company and it's poor management
IMPORTANT - Here's what to look for in the upcoming financial statements that will prove the $$633,850 in 'preliminary' revenue is a sham!!!
1) Take a look at the cash flow statements! The income statements will show this alleged revenue -- all from the po's he issued which are not likely to result in payments -- but the cash flow statements will NOT reflect a corresponding increase in cash. WHY is this? Because it ain't real until the company gets paid and you can bet that walmart and hi-vee and all of these other so called deals are suspect at best. These companies are simply going to return most of the product because neither mattyboy, the company or these moronic kiosks can sell the company's product.
2) As soon as mattyboy and his momma sign their name to these statements, I will be sending them to the SEC as exhibit A, in what I think is a giant FRAUD
3) On the balance sheet, the assets are going to go up HOWEVER, keep in mind that these are the purchase costs of the kiosks. Sure he spent hundreds of thousands of shareholder money on these kiosks <assets> but these assets will quickly depreciate. They aren't within the company's control to protect, will get damaged quickly, stop working, not generate any value or sales and these "assets" will cost more to bring back and fix than it would to just throw them out.
4)The quarter 4 financial statements are not being independently validated by the company's crack auditors
5) These statements will not show the steep increases in expenses that we all know the company is now paying - like salaries for the new hearingassist employees, floor space rental for (cough cough) "the kiosks", and the new call center, and PR costs, and mommy and daddy Moore
(6) Watch for the increases in shares outstanding
I believe this company is so close to going bankkrupt that buyers of this stock never have a chance of making money
AND AND AND AND, they will almost definitely be posted late! Prove me wrong Mattyboy.
ALSO, I am told that the esteemed Mr. Mattyboy Moore actually posts on this board through an alias. Anyone have any guesses which of the perennial boosters he is? Send me a message or post to the group!!
Hey Dragonlady, right on!!!! maybe you should also educate the masses about this supposed q4 revenue of $$633,000 they preliminarily announced. Like how its not real if the po's they issued end up getting 99% of the merch returned for being unsaleable? Of course though, we won't get that information until the q3 filings of this year --- so ---next October!
SCAM SCAM SCAM
Let's not forget!
Even when they file their financial statements next week, if they do, these revenue numbers they are going to report ARE NOT REAL! The revenue that gets reported is going to be based on the Po's, which will not likely have been collected on. Therefore, the company will claim revenue of $$633,000 under accrual based accounting - this being where you recognize a sale and it becomes an account payable - with no REAL money being paid to the company at the time.
If the client returns product, or can't sell it, or whatever then gues what happens to all that revenue??? It gets reversed, disappears, never was. It becomes another figment of peoples imagination and yet another example of false and misleading news. The key will be to watch the cashflow statements in these and the next financial statements.
Also, check out the costs or expenses in the upcoming statements. I've been told that they will far exceed phantom revenues.
company insider / employee. Apparently $INND struggles to pay their kiosk supplier, an outfit called IdX corporation, in a timely manner.