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INQD Shareholder Letter
https://www.linkedin.com/pulse/shareholder-letter-from-indoor-harvest-corp-ceo-chad-sykes
Company Website: http://www.indoorharvest.com
INQD Shareholder Letter
https://www.linkedin.com/pulse/shareholder-letter-from-indoor-harvest-corp-ceo-chad-sykes
Company Website: http://www.indoorharvest.com
RealDutch,
I'd love to specifically answer your questions, but pro forma guidance would have to be disclosed to everyone under Regulation FD. So I don't want to get into the weeds much. I don't mind engaging on the forums, but when it comes to financial matters I hope you understand I'm limited. Better safe than sorry approach.
Our upcoming annual report will delve a little deeper in market position and competitors. But to generally answer your question, there's only a handful of Companies that do what we do within our specific industry (vertical/indoor farms).
As we close more projects and have enough data I imagine we'll be able to provide average closing statistics and be better able to predict things.
As for outsourcing, that's pretty much what an EPC contractor does. In a lot of ways we are very similar to SIAF except that instead of indoor fish farms, our focus is indoor plant farms. This link gives a good description of a typical EPC contractor.
http://www.epcengineer.com/definition/132/epc-engineering-procurement-construction
Go to our website and review the "About Us" page and you can review Managements background by navigating to each persons linkedin page. You'll see the combined skills sets.
But yes, there is always a risk a project won't come to full performance but that's why retainers are paid.
Warm Regards,
Chad Sykes
Admittedly, I'm a skeptic when it comes to aquaponics. I'm not aware of any of the larger commercial operations being profitable. It's pretty labor intensive and the yields aren't as great. That's not to say the method doesn't have a future though.
I see you're still charting. Always thought you were one of the better technical guys out there.
So what does our chart say? hah..
TenKay, there really is no difference between how listed companies promote and OTC companies promote. The suits are just more expensive with listed companies and the media formats more expensive. But the principal is the exact same.
We may have a few things planned...
https://finance.yahoo.com/news/indoor-harvest-engages-cfn-media-142500883.html
https://finance.yahoo.com/news/street-brings-companies-2016-updates-163145903.html
To answer your question, yes, I will be utilizing my IR/PR skill sets in the coming weeks and months. We have several programs planned.
With the size of the float, it won't take much.
Here's some information about CLARA.
I think this shows our ability to negotiate and close private/public partnerships. We'll have an update on CLARA soon.
http://www.sec.gov/Archives/edgar/data/1572565/000164033415000391/ex-10_2.htm
Here's a video..
No, CLARA, if funded, would be our "Demonstration Farm".
That's an internal project. The sales pipeline is external.
Just something else to note. The BIA industry was originally estimated at $2B, but that number has recently been revised by newer reports.
That's why the number is lower than the most recent report of $3.8B
I-Glow, try this.
Email the Association of Vertical Farming and ask them what they think about our Company.
http://vertical-farming.net/
Let us know what they say.
I-Glow, just do a little due diligence.
The original MIT agreement.
http://www.sec.gov/Archives/edgar/data/1572565/000155724014000116/ex-10_2.htm
The build was documented on our Facebook page. Feel free to check out what we've been up too.
http://www.facebook.com/indoorharvest
Feel free to browse the pictures.
I-Glow, you didn't answer my question.
What is the process that is attempting to be patented?
I-Glow, feel free to explain to the forum what it is exactly the Company is attempting to patent. If you can't explain the process and how it infringes on the patents cited in the non-final action, then you can't say with any certainty what our chances are.
What is it we are trying to patent, specifically?
I-Glow, let me respond to your comment.
Couple of things:
Kodiak doesn't file the Form S-1 required to register the equity line. That is the Company's responsibility.
It is not the responsibility of Kodiak to clear an SEC filing, it is the issuers responsibility. If the issuer is unable to make the filing, then that's not Kodiak's fault.
Secondly, Indoor Harvest has already filed a registration statement. That's actually how the Company became public. In fact, Indoor Harvest was the first Company to clear a cannabis related registration statement with the SEC. Since the SEC has already cleared a previous Form S-1, clearing a second one is simply updating the boiler plate. It's not all that complicated if the issuer is experienced.
http://www.gopublicdirect.com/marijuana-companies-can-go-public-direct-avoid-public-shell-reverse-merger-pitfalls/
So just to publicly correct you. It's not Kodiak that isn't fulfilling the terms, it's the issuers who don't follow through, or can't follow through.
So unless you can point us to a deal Kodiak did, where shares were successfully registered with the SEC and Kodiak failed to uphold its end of the deal, I'm sure the people who read this board would love to see that.
Warm Regards,
Chad Sykes
INQD on New to the Street as well
Share Structure
Market Value1 $3,750,495 a/o Dec 11, 2015
Authorized Shares 50,000,000 a/o Aug 14, 2015
Outstanding Shares 11,030,868 a/o Nov 30, 2015
Float 2,722,211 a/o Nov 20, 2015
elbiatcho1, are you even a capitalist?
I didn't realize founders had to work for free. I thought it was a mutual relationship among entrepreneurs and investors?