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Correct. Because that rollout never happened, and was delayed by the pandemic and the FDA. They needed to keep the lights on.
Guess what? The rollout has begun - kiosks in Walmart and electronic kiosks in other major retailers like HyVee, Food City, Hartig Drug, and another big one coming. $11 mil purchase order from Walmart not only keeps the lights on, but allows them to continue to build on this momentum by inking other big deals with other big retailers with FDA final ruling just around the corner.
The past is the past. This is a brand new era. And it will NOT repeat what we’ve seen under dire circumstances before.
Given that the very first Walmart installation is in Tucson right across from the Veterans Hospital, I’m sure they’ve been vetted and are perfectly fine going forward. There are others with agendas who have used this to kill big deals in the past, and it won’t happen again.
Walmart doesn’t write an $11 mil purchase order if this is an issue. But thanks to you and others once again for the “information” intended to “help” us poor little folk investors.
I just want to take a moment to thank all of those trying to “inform” us about INND. It’s truly a wonderful service you’re providing us out of the good of your heart. It has allowed me to pick up millions of more shares along the way.
So thank you. From the bottom of my heart, truly. $INND
Again, I could care less if there is another share dump as long as it is funding the foundational growth of this company - they need to be ready at all costs to have everything prepped for an enormous rollout when FDA drops the final rules. They get one shot at this. So while there can be claims of impropriety, I’m comfortable knowing they’re putting everything they can into becoming a massive player in the hearing space. You don’t get $11 mil purchase orders overnight. And it’s one of many many many to come if they play their cards correctly.
I'm not sure a take could be this incorrect, but it is.
There has been no pump. There have been two REAL 8-Ks filed to do their talking for them. And an update at a presentation today. Where's the pump? It's not necessary. They are off to a fantastic start finally even though it took longer than expected.
The future is incredibly bright. $INND
If by "pump" you mean posting a simple 8K that states an $11 million purchase order from Walmart, you are correct. I mean, there wasn't even a company PR about it.
And there will be. Just you wait.
They have been victims of the incessant delays by the pandemic and the FDA, which was 15 months LATE on publishing initial rules after being given a THREE YEAR deadline of August 2020!
Something was needed to keep the lights on. Why would anyone bail now that all of this hard work to lay this foundation is finally at hand?
I’ll admit this situation hasn’t been ideal, but they are finally in a position to prevail. Once the FDA’s final guidance comes out - and we’re literally a month or two away - look out.
And even if he does? Where have those shares gone?
Let’s see: To fund acquisitions that are starting to really pay off with multi-million dollar deals in revenue, helping bridge the gap while they wait for OTC Final Guidance from the FDA.
They also have to be ready immediately for kiosk deployment with all their other big retail partners once those rules go into effect. We’re talking hundreds to thousands of electronic kiosks to well-known retailers, separate from the displays currently going to Walmart.
They have to be stocked and ready and cannot miss their opportunity on this. If that means diluting to fund this initial launch, I’m all for it.
We’ve spoken ad nauseum in here about seeing the forest thru the trees. This is part of it. And look how it is finally starting to pay off. This is just the tip of the iceberg. Incredible things ahead.
$INND
Where is the social media pump to which you refer?
These were 8-Ks. Simple, to the fact, no pump at all.
They are finally letting their revenue - and future revenues - do the talking.
$INND
What scam gets $11 million in purchase orders from Walmart? :)
This. This is the way. Except... they will now be at 1499 Walmart Vision Centers, per the 8-K. Yes, an 8-K, NOT some pumpy PR. This is real. Very very real.
Once again, incorrect. Except about one thing: $11 million in purchase orders from WALMART is MASSIVE.
And JUST the beginning. :)
It is absolutely real. Enjoy. $INND
IF you were following along, you'd know that this was coming.
There are TWO displays - the cardboard one, and the electronic one.
BOTH will be rolled out eventually at Walmart, per Matt's tweet in December (with a visual too!):
V3: Kiosk (Left) has been approved by Walmart for mons & in production
— InnerScope Hearing Technologies (OTC: $INND) (@inndstock) December 26, 2021
V4: $INND Hearing Screening Kiosk rebranded https://t.co/uDKJzPzXbF
V3 will be released sooner, then V4 will be released shortly after. Vision: Both kiosks will be in the same store, just in different areas pic.twitter.com/fy5HFqp7eM
If INND didn’t have enough to fulfill Walmart’s first purchase order in Q4 of $300k, then why in gods earth would Walmart be purchasing another $1.6 million in goods?
Consider that. $INND
You are incorrect, but good luck to you.
OTC = Over The Counter
And yes, once FDA final rules are published for OTC hearing aids. Which should be sometime this summer, and 60 days after publishing the rules, products will be allowed on shelves.
Remember: to this point, Hearing Assist products at Walmart have always been just the amplifier/neckbands.
So $5200 per store is around 40-50 of them. That makes total sense.
Now…once OTC rules go into effect, that’s when the dam breaks and their real OTC hearing aids can be sold. THOSE are the once that cost $500 and up.
Just wait - you’ll see. We’ve been saying it here for months. Just takes patience.
LOL. It’s a $1.5 million purchase order. First of many many more to come.
Just you wait. I’ve got all the time in the world.
That is incorrect. OTC Markets has it filed for "5/16." Which means it was on time.
This is once again INCORRECT.
The company name is Innerscope.
Filed on time.
Incorrect again. You'll see in time.
No, what they will love is when they can get out of this cesspool of an OTC - which is why they will be fully SEC reporting soon, open to major institutional investors who see this company's worth once FDA rules are finalized and they're in major retailers.
$INND
Incorrect.
They’re just getting started. Just you wait.
It will be such a PLEASURE...
...to see this company rise into the big time, amidst all the garbage noise.
Keep building this empire, $INND. Your time is coming.
Again, you can be as skeptical as you wish. I know what I hold.
Takes capital sometimes to change the world. They're not scamming shareholders like most OTC Pinks are. They are using every single dollar of revenue they possibly can to put back into the business, create kiosks, fill significant orders from major retailers.
It's a matter of seeing the forest through the trees. I certainly do.
And therein lies the simple answer: The opportunity to make a bundle of money from those shares when the company shows its true value to everyone out there.
I'm patient. If you are too, you'll see exactly why.
INFORMATION directly from CEO Matt Moore
Here is a synopsis provided from yesterday's fantastic phone call with INND CEO Matthew Moore.
*There are NO current plans or paperwork filed for a Reverse Split. In 3-6 months, they will look at all options. The only way they do an R/S is "in conjunction with something that will stabilize our business... after we have started to publicly disclose where we're going (with specific retailers)."
*ALL Restricted Shares WOULD BE subject to the same R/S as public shares, including the Moore's shares and everyone at HA and iHear
*One retailer is looking to launch up to 2900 electronic kiosks by the end of this year (this deal is in place)
*A different national pharmacy retailer wants to do 1000+ kiosks by the end of the year
*300 kiosks are currently being prepared to be placed in Walmart Vision Centers around the country
*Most retailers have asked INND to be fully geared up by Sept/Oct, when they anticipate final FDA rules go into effect and products can be in stores (it could be sooner)
*100 hearing kiosks are being docked and unloaded in LA, they will take possession of them next week and 90 locations are already waiting for those kiosks
*They are placing another order of 500 kiosks by mid-April
*The ultimate objective is $20-40K/month from each kiosk once FDA rules kick in
*The cost per kiosk+deployment is currently $1500-2000 (up to $2500 if longterm storage is needed); but those costs are expected to decrease by 20-30% by this summer with scale
*INND has 30 current employees after only having 6-7 late last year
*Hearing Assist made $25-28 mil/year from their TV marketing campaigns but they basically broke even due to cost of that marketing; they couldn't survive COVID because they didn't have investor backing - which made way for INND's acquisition of HA
*TV commercials/marking campaign starts next month; but the real growth will come from in-store kiosk retail. The goal is being more profitable with scale (rather than spending $70 mil in marketing to get $70 mil in revenue and breaking even)
*Unfortunately they are still a few weeks out from being fully audited; the goal then is to file a Form 10 and S-1 to become fully reporting with the SEC
*Once fully reported, EF Hutton has big vision to raise capital to help on an eventual uplist to NASDAQ. EFH is an advisor and underwriter for INND.
*They have the ability to conform all devices to FDA rules to have them ready for deployment days after Final FDA Rules are published
*Dilution to this point has gone to acquisitions of Hearing Assist and iHear and talent acquisition, consultants, employees
*The biggest need now is raising capital for kiosks and deployment and marketing to drive revenue and exposure; but the dilution will NOT be like it was at the beginning of 2021
*They are currently raising capital with favorable terms on a fixed price of .01/share (restricted); they are trying NOT to do any toxic convertible notes w/ unfavorable terms
*BOSE is closing its hearing division on April 1st - they are looking to license their technology, but either way, it's one major player OUT of the market
The name is INNERSCOPE.
You are spot on!!
INCORRECT. Matt addressed this yesterday. Although Hearing Assist did 25-28mil/year in 2019 and 2020, their profits weren’t great because they spent close to that much in commercials/marketing.
Then, they weren’t able to survive COVID because they didn’t have the investor backing. That is why INND was able to acquire HA.
$INND
INND: BECOMES_LARGEST_WALMART_HEARING_AID_SELLER_VIA_BUY_OUT !
INND has a 52 week high of just shy of TEN CENTS and ran to 5 CENTS - w/o this WALMART SUPPLIER MASSIVE DEAL - and it's 100% REAL !!
The company they just bought out - is a WELL KNOWN IN-STORE WALMART HEARING AID SELLER, the largest single WALMART HEARING AID SELLER !!
https://investorshub.advfn.com/Innerscope-Hearing-Technologies-Inc-INND-31913/
https://ih.advfn.com/stock-market/USOTC/innerscope-hearing-techn-pk-INND/stock-news/86672860/innerscope-hearing-technologies-otc-innd-complete
INND just did a ALL STOCK BUY OUT of "HEARING ASSIST" who is INSIDE over 700 WALMARTS NATIONWIDE with in-store displays etc.
HEARING ASSIST - they SELL MORE HEARING AIDS AT WALAMART THAN ANYONE ELSE !!
INND JUST BOUGHT THEM OUT - Hearing Assist is known for their TV INFOMERCIALS selling the new FDA approved "Over The Counter Affordable Hearing Aids" signed into law by Biden as part of the infrastructure bill.
Hearing Assist has annual sales of approx $20 MILLION ANNUALLY - almost all from BEING INSIDE WALMART with in-store displays already at 700 PLUS WALMART STORES and growing !!
Here is the new INND-HEARING ASSIST 2021 CHRISTMAS SEASON TV AD THEY ARE GOING TO RUN: