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And his answer is what I have told you yesterday; they can't have any other form of financing now. They need to be established first as expected!! It is very nice of the company that they are responding to these questions: it shows how sincere they are.
Traditional equity capital for Majority of Expansion. $INND has tried to secure Equity Capital. Every Investment Banker, Fund Manager, Private Family Office, tells $INND to grow first. That is what $INND will be doing. We are growing $INND then going to do Equity Capital Raise.
— InnerScope Hearing Technologies (OTC: $INND) (@inndstock) April 17, 2019
I posted before about my thoughts about listing to Nasdaq;
I still think that their efforts will result in a PPS to go to $0.2 to $0.3 area sometimes this year, and then they will do a R/S to meet the listing req. of $2. I don't see how they can achieve $2 without a R/S this year, whatever they do.
Following this, we will move smoothly in a higher exchange and shall have a better access to non toxic capital.
This is my opinion only - last post for the day (reached the limit of 15 posts)
Nothing has changed for the company other than people expects the sky to rain money for INND to execute their ambitious plans.
It is what it is and to is part of the market-we have to deal with it. Hopefully, the company keeps executing and uplist!!
BUT, you are waiting to get in again
In a day like today, obviously the retrace was due to the news which some see as unfavorable, it has Absolutely nothing to do with any charting skill at all.
However, what is important is that it seems that we are holding the 20 MA which is very bullish to me. If this maintains to hold, it means that the base has moved significantly higher, and this will be great for the next move.
U can see a Cup & Handle forming as well.
The golden cross will be in play also - it is an overall bullish trend-it might take few days to show its effect due to the news yesterday!!
You seem to be a very cool minded trader/investor. I am so happy that you are here-much needed balance.
I understand the feeling CEO, you will eventually be happy like I am now. I have gone through all of this stuff.
AT least you are deep in the green, you have never been down like 50% on tons of shares, like me before.
Cheers
It is not smart to release it today. Let the non believers out, then let em chase. The guy has changed a lot and become a market's player IMO
He said "soon", never said today!!
I have used to dislike him a lot when he was not updating or sharing his plans before and it looked like he was just selling shares to me at the time.
Now, he has changed a lot and overly communicative. We are also expanding, making revenues, all over the news. I don't see anything wrong to acknowledge that I have changed my opinion-it is called flexibility and responding to updates.
I am holding. If I have held through the disastrous time, I will certainly hold during the prosperous time.
Enjoy your day everyone-I will not let myself get affected by the negativity.
Cheers!!
There is a HUGE difference between now and then, sorry.
Then, there was nothing going on at all, and there ws almost no stores, no deals, no expansion, no revenues, Just notes with no clear reason why he took notes. All the PRs then was about spending, nothing about making money at all. Is this the case now??
Now, is different. No way to open 25 stores and distribute all over the world with no notes, I am not aware of anyone who can do this. You are asking for the impossible!!
Yeah, it is always people buy at the lowest and sell at the highest, never any other case . Cheers
MAny will be amazed by how quick this will go back up next week and may be break the 10s. This is good for the chart anyways-resetting!!.
There are many strategies to deal with a situation like this one. I have chosen to hold, at least till year's end unless a crazy unjustified run occurs between now and then.
It takes money to make money - simple logic!!
The stock that ran to $1 has worse share structure and worse notes and far less solid business than INND.
I suggest to leave things play out and see what happens. If he has the choice to get non-toxic financing, he would have done it IMO.
Now is the time to make a decision to hold or sell IMO, without any agony!!
Would you post specifically what annoys you on the 10 K?, I have a feeling that you have not read it?
I 100% hate notes and I have never denied my hate to them. What I am saying is that the company has proved lately that they have been using them wisely and the PPS has been growing. This is how I have changed my opinion.
I think that he can't get a loan with better interest or option obviously, because if he could and he did not, then it is a bad management.
I don't anticipate a favorable response in the Short term-this stuff always have bad immediate outcome, but we will recover IMO.
How many share holders replied 2, 3?, this is nothing to present shareholders.
I have a different opinion and I think that we will be doing Fantastic. I don't care what will happen in response to this 10K. we will eventually keep moving up, just slower. The chart needs a reset anyways.
I am still wondering how people want him to get the money for expansion, if he has to use revenue,
then the expansion will take forever!!
Cheers
Hello, 10K has been posted. A shareholder letter will be posted soon addressing 2018 & our HUGE plans moving forward. $INND will become a Global Powerhouse in the Hearing Aid & Hearing Health Industry.
— InnerScope Hearing Technologies (OTC: $INND) (@inndstock) April 16, 2019
Latest tweet:
"Hello, 10K has been posted. A shareholder letter will be posted soon addressing 2018 & our HUGE plans moving forward. $INND will become a Global Powerhouse in the Hearing Aid & Hearing Health Industry."
Sounds awesome to me!!
This is certainly not true and does not make sense; the PPS has been growing over 6 folds lately, despite the notes, due to the fact that the future growth outweigh the notes.
Question;
The company is planning to have 25 stores this year which is 18 more than what we have now-each store costs between 50-70K, let us say 60 K. 60KX18= $1 million and 80K; this is besides the money needed for manufacture, distribution, salaries, etc.; where do you guys think he will get all this money from?. You keep asking for quick stores expansion, but at the same time, you don't want him to borrow money, how can this happen anywhere?
I am not aware of a single business, either in this exchange or large exchanges, in the building stage or in the R&D stage, or even in an expansion phase, which does not take notes or bad loans. Even the best of the best companies dilute to expand.
As long as the money is well spent in the business, we will keep growing.
If you only focus on the notes, it is not a correct judgment IMO.
I also was verrrry angry about the notes at first, but now, I can see how well they have been using them, and I would not mind it a bit. May be he has changed his original plans and decided to expand, thus took the notes.
Let us talk some sense here!!
Thank you very much CF, # 36
LOL, never, I want the PPS to go higher . You will get them CF.
It seems that anyone who wants to add decent amount of shares, need to bid higher. Many strong holders around here holding nice percentage of the float.
I think that we will stay here till the release of financials and hopefully a follow up tomorrow premarket.
It is a stand off with no direction, for now.
Isn't it time to release some news hj?
I think they will release the news after the FR.
GM all.
It is time to break the 10s IMO, let's go.
I believe this tweet
"$INND won't rest until it makes a #Global Impact with its Products & Awareness to #HearingLoss that affects 1B+ People which includes working towards #NASDAQ #Uplist - Article: Price Upgrade: InnerScope Hearing (OTC:INND) Making The Move From #OTC To #NASDAQ"
https://seekingalpha.com/instablog/49356121-nico-s-wolff/5292442-price-upgrade-innerscope-hearing-otc-innd-making-move-otc-nasdaq
This stock has a strong core of investors IMO, and not here only, else where as well - check twitter and you will find many die-hard fans.
This is a penny stock, the worst is behind us, unless they do something irrational. I have been the most critical here for long time till they have addressed many concerns. We are good to go IMO and don't worry about the posters.
Why we need to read the latest one when a new one is coming tomorrow?
Here is the bottom line BidnessMan; no one here cares about this old 10-Q, why? because we have been here long enough to know what is upcoming. Investment is about the future, not the past.
You have your opinion and this is cool, we have ours too. No one needs to convince or force their opinion on the other side.
Now, enjoy the show with us till the end of the year, we are not in hurry at all, at least most of us. Any short hiccup will be sweeped by the buyers IMO. Two options: either keep hammering the stock, or just join us.
Cheers
I agree with you this time about the 0.15 - 0.3 needs time...
INND
All of the MAs keep moving up, increasing the support levels.
My expectation is that they will release the 10 K after hours tomorrow, and then the one or two days after, we might have great news.
I look at any retrace as a good chance to solidify a higher base by having buyers who own the stock at higher price. This will eventually launch us to the 20s (new ground). All in due time. My expectations is by the end of the summer, we will be in the 20s, at least, after consolidation from higher prices. IMO and barring any bad news.
Cheers
Price Upgrade: InnerScope Hearing (OTC:INND) Making The Move From OTC To NASDAQ
https://seekingalpha.com/instablog/49356121-nico-s-wolff/5292442-price-upgrade-innerscope-hearing-otc-innd-making-move-otc-nasdaq
I certainly agree, and I never understand the logic about the lack of excitement about something of such a magnitude. Let the market does the talk as many will be surprised by how well CBD products will do, and most probably, those products will beat down the hearing aids in revenues by miles.
I used to like the weekends - not anymore
Credit to "High and dry" - link to the article
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=148187248
Beside the 4 stores and Nexus launch, I am expecting distribution deals similar to Walmart with Sears, K-mart, and hopefully amazon for their vitamin product. In one of the CEO latest tweets, he has mentioned that they are pursuing more big box retailers.
I am perplexed as who has been selling this fantastic news-rich stock.