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Agree. Only stating the way things are currently. Maybe that will change, maybe not, I don't know.
Years ago I was looking into a small stock going for about $2. It had pretty good numbers; making a decent profit, low PE, etc. I looked back a few years on a chart and saw that it was always at $2, it almost never changed much. They made decent profit and they didn’t need to sell stock for growth so they were apparently good with the way things were.
Coda reminds me of that stock.
It takes very little to move the price. With the right PR team and perhaps a little good news the price could go up quickly. But without marketing it's going nowhere fast. I do hope that changes soon.
And you add this on top of the good earnings report:
"...Several new product launches, incorporating our real-time 3D sonars, are planned and we expect to see continued growth for the Group in the months ahead.”
And yet still no one cares. Either this is priced where it should be or CODA needs to hire a new PR company.
If they're good, lets hope somebody other than us here notices.
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Thanks multivalue. I just assumed when they finally 'made it' there would be more interest. They have a fairly low P/E and growth seems to be in their future, so perhaps it's going to take a little more time.
Like others here, I’ve been in the stock for many years. Great job by the company to slowly grow into its current position. But I’m really disappointed with the reaction to the news and move to the Nasdaq. I was expecting the volume to finally increase, but it’s not much different than when it was on the OTC.
Is there something I’m missing here?
Nothing. Last time I tried calling the phone line was disconnected. Right now I would assume they are no longer in business. After spending all that time with lawsuits (and winning), then to just quit makes no sense to me. Perhaps they ran out of money or had legal issues we don't know about.
TX Holdings (TXHG), It's been mentioned here before. A reporting company with positive earnings going for about .09/share. They're gong to have their first conference call this Tuesday In Conjunction with Third Quarter Financial Results.
Link to PR with phone number and passcode if you're interested in listening in:
Teleconference Info
RNPIYA, you left off one important piece of information when you posted the latest PR; it's at the very end of the PR after the forward looking statement. The company hired a new PR firm out of New York.
Investor Relations:
Cynthia DeMonte LLC
Patricia Oppito
917-520-5372
or
Cynthia DeMonte
917-273-1717
I found something interesting; a Sum Poosie Re-Launch. click on the link below.
Sum Poosie
This was posted March 11 2014 and the email is to peterwti; I'm assuming it's Peter Bianchi.
Still here. I agree with your post, but this is par for the course with this company for the past three years.
Getting news is hard to come by, though almost any kind of news can easily move the stock.
I was pleasantly surprised by Friday's action. With that run on Wednesday, it slowed way down Thursday, and I thought it would take a breather Friday and have a little sell off. The 100,000 shares on the ask most of the day just sat there; and with the bid only a few thousand shares, I thought it would head down for sure (seemed reasonable). With fifteen minutes left most of that 100,000 on the ask was eaten up; and this with the major markets taking it's worst beating in a long time.
With no significant events to cause the volume and price increase this past month, one could assume that at least part of the reason for the buying is from insiders. It's also interesting that many on this forum have admitted to selling some and yet the price continue to rise.
I believe the deadline for the filings is this Friday (so they could be out any day); next week will be interesting.
The annual should be out soon.
This still appears to be way under valued. Even after this current little run up the P/E is still only 3.59x. I think most everyone here would agree that the EPS will likely go up after the next annual, causing the P/E to go even lower (at the current price).
The price and volume haven't gone up just because someone saw how undervalued it was, it's acting like a major announcement is coming.
When I called about a month ago I was told they had some legal hurdles to jump through. I called again about two weeks ago and a secretary answered but she couldn't tell me much, only that it had been really busy around there the last few weeks.
Yes they were probably a little optimistic on their launch date, but it does appear they are busy with whatever plans they have.
Until we see something from the company there isn't going to be much interest.
They've spent a lot of time and money on lawsuits these past few years so they can pursue their goals with Drank and Sum Poosie, so I'm confident we'll see something; I just don't know when.
The last time I talked to the company they said there were still some legal hurdles they had to clear with regards to Sum Poosie. I don't know why we haven't seen anything in regards to their current drink. I can only surmise they want everything to be ready for a big push when the time comes.
I called several weeks ago, and they said they still hope to launch the new drink and flavors before the end of the year, but that there are still some issues they have to work through.
I'm waiting like everybody else.
I agree with your post. With the current price of .02, the upside is huge. As you said, they are pursuing several avenues for increased revenue. Even if they are only able to accomplish one goal, that should be enough to cause a nice increase in share price.
But, they have to follow through. That's not always easy for a small company with limited resources.
As I said before, it's a gamble; but one I think worth taking.
I agree with many of your points. Why they don't update their website is beyond me; and they can care less about the shareholders.
Several years ago they had what, one main product? and they were gong for .60 (even higher gong back further). They would have needed a home run to get any more price appreciation.
Now, they will "supposedly" have several new drinks, including one that already has a market, plus new flavors. With the share structure almost unchanged from several years ago, and a current price of .02, the potential here is much better than it has been in the past. It wouldn't take much for this to move up.
Of course if they don't follow through, then this will go nowhere.
It's a gamble.
Several reasons this may go up.
The share price is starting from the bottom instead of the top this time.
They haven't put out any news because they've been busy with getting the business in order, and there really hasn't been much going on that was news worthy. But that could change if any of the events they outlined in the annual materializes. (stated below).
They have several new flavors, a new drink, and new web sites that should be out before the year is up. Add Sum Poosie to the mix which already has a market.
They are now hiring, which indicates they are ready to grow.
A lot could happen between now and the end of the year to cause the price to go up.
There are lots of things on their current website that bother me. I related my concerns to the company. They said because of the lawsuits they initiated, they had to remove some information on several pages. Aside from that, updating the web site was a very low priority. They've been concentrating on other issues that are in line with their long term plans (while still managing to sell over $3m in product). When they are ready they will be putting up a brand new web site.
In a way they are restaring the company, but as otc has mentioned, they are in better shape now then they were when they hit over .60 (they were actually higher than that at one point).
Though everything should start this year, next year is supposed be their "banner year".
Of course, they need to follow through; time will tell.
The latest 10K stated that IBGH won the rights to Sum Poosie Energy Drink. You can see here they now own the trademark:
Trademark
This drink already has a market and IBGH stated that it could initially triple revenues. You may wonder why you haven't heard anything about that yet. When the lawsuit was initiated, Drayton Nay, who owned the rights at the time, knew he had no chance to win the lawsuit so he sold the rights (illegally it appears) to someone in Myrtle Beach who has been selling the product. When I talked to the company (IBGH) they said they legally own the drink and will be shutting this guy down.
I have been monitoring the facebook page and website where this guy in Myrtle Beach was selling the drink. I noticed the postings on facebook stopped a few weeks ago, and also the web site has been down for some time, so it appears that Innovative initiated, and was successful with, the crease and desist order. I called the company and they said they have indeed shut down his website/facebook pages. But there other things that need to be done, among them, making sure there are no other iterations of Sum Poosie on facebook or websites out there before they start selling under the Innovative name.
This company was on fire several years ago but fell out of favor for various reason; FDA issues, trademark infringements, etc. So they've spent the last several years very quietly getting there ducks lined back up by initiating lawsuits to protect infringement of their propriety product (they not only want to sell their product, they also want to be the only ones selling it), clearing up the FDA issue, and restructuring their national distribution.
This ad for new employees tells me that this may be a new beginning for Innovative.
http://houston.craigslist.org/sls/3956220193.html
Remember they already make over $3m/year in Revs and made a profit of $221,000 last year (which seemed to have gone unnoticed by the market). I'm expecting new flavors, new drink, and several new websites this year.
Looks like Innovative Beverage is hiring:
http://houston.craigslist.org/sls/3956220193.html
Looks like it's going to be another great year of profits for the company. They still have to restructure the debt, but I don't think that will be an issue.
They haven't issued a single share in the last few years, so I'm not sure what you mean by this comment.
"...look like done diluting finally..."
I agree with you about the .06 if they launch the new drink and new flavors. If they start selling the drink they won in the lawsuit then this could be a 20 bagger as Otcbargains stated in his thread.
The potential is off the charts (relative to today's price), but they have to follow through.
Others are trying to buy, but they figure they have time and hoping it dips below a penny before the launch. When the time comes they'll buy higher if necessary. Things could start at the end of this month, or it may not begin for another 2 or 3 months; it's hard to time these things.
IBGH- Are you still in this one Otcbargains?
I believe many who follow you jumped in when they heard/read about the $4,000,000 judgment IBGH received. When the annual stated that the judgment was changed to $2.6M and legal rights to a new energy drink, I'm sure some investors were disappointed; but I thought it was great news. The chances of seeing any money was slim, but that new energy drink could triple there current revenue (as stated in their annual), which was $3,300,000 last year.
In 2010 this company was making a lot of noise, had 70,099,740 shares out, lost about a $1m on $3.8M in Revs and at one point was going for over $1/share.
Today they are very quiet (They haven't put out a PR in almost a year) have 70,099,740 shares out (not a single new share issued), have only 21m in the float, made a small profit on $3.3M in Revs last year, and is currently going for about .015/share.
They just got the ”stop” sign changed to a “yield” sign on OTCMarkets and claim they're working on getting that to “current” status.
They are supposed to launch that new energy drink they were awarded in the 2nd or 3rd qaurter, along with another drink in the 3rd quarter, so new websites, PRs and marketing campaign should show up during that time.
The upside on this seems huge.
Even if they don't do anything with the newly awarded energy drink, their other new drink and new flavors they're going to launch (along with news, new website, etc.) would be enough to send this higher.
I've talked to :
Peter Bianchi (Pres) twice,
Jan bonner COO
DeAnna Wagner (several times)
I even talked to their lawyer John Lagrappe.
(All of which were difficult to get a hold of, and non of them were comfortable talking to shareholders).
So far I haven't found any big negatives. Of course they have to follow through, and I am still looking for any red flags.
It appears the low price and low interest is simply because they have been quiet and almost forgotten by the investing public; that could change soon.
You're right, I misread the last Quarterly, I thought it ended in Dec but it ended in Jan, so Mid June would be correct for the next one. Thanks.
Their last Quarterly seem to come out pretty late. Assuming the next Quarterly is out in a more timely manner, shouldn't that be out soon?
Tier Change -- Looks like they moved up a notch on the OTCMarkets.
Wed, May 15, 2013 12:00 - Innovative Beverage Group Holdings, Inc. (IBGH: OTC Link) - Tier Change - The symbol, IBGH, no longer is classified as OTC Pink No Information. As of Wed, May 15, 2013, IBGH resides in the OTC Pink Limited tier. You may find a complete list of tier changes at otcmarkets.com.
They already received part of the settlement:
Trademark and Logo of “Sum Poosie Energy Drink” and all patents and copyrights associated with the trademark. Product will be released in the 2nd or 3rd quarter (Could be out anytime) with projected revenues of $4 to $6 million (could triple current revs).
They took $1.3m less to the get the rights to this drink, and it could pay off big in the long term.
Looks like a lot will be happening before the end of the year. I still think we'll see several new websites and announcements sometime in the near future.
Some highlights of the current annual just released.
Net Income $221,731
Profit margins increased to 38.3%
Restructured their national distribution which will increase profit by over 10%
New product out in the 3rd or 4th quarter. (we are currently in the middle of the second quarter)
New flavors out this year.
Sales in Mexico increased by 12.8%; they are increasing their attention of the international markets
Received a judgment of $70,336
Awarded a judgement of $2,700,000, Plus the Trademark and Logo of “Sum Poosie Energy Drink” and all patents and copyrights associated with the trademark. Product will be released in the 2nd or 3rd quarter (Could be out anytime) with projected revenues of $4 to $6 million (could triple current revs)
Look at their annual from 2010 when they were going for well over $1.00/share at one point. Then look at today's annual when it's going for 1.8 cents., They've made some great progress!
Two new products and new flavors; I think we'll see several announcements and web sites in the coming weeks/months.
If Peter is out of town then the annual may not be out until next week.
Interesting how the price of a stock is mostly about perception. In 2010 the outstanding shares was 65m, sales at about $3.8m, they lost almost $1m, and people were willing to pay over $1/share for the stock. Today the share count is 70m, sales at about $3m, and it appears they are now able to make a profit, yet nobody wants to pay 3.5 cents for the stock.
They ran into road blocks, with the FDA being the big one I think. That’s probably why they are selling in international markets. I didn’t buy this stock because of the annual that’s due out; I don’t think there will be anything mind blowing in there (I would love to be wrong though). I just think this is the year the company/stock finally breaks out.
As I said previously, I talked to the CEO for more than just a few moments, much of which I did not post. Looking at the share structure, current price, the product, sales, etc.; the potential here is tremendous. I think the last few years the company was trying to get their act together which is why it’s been so quiet. I believe (my opinion only) that’s going to change this year.
I have, about a week and a half ago. He said the annual should be out about the same time frame. It's in my previous posts.
I also think the filings will be out. I don't think they are obligated to any certain date, but he did say they would be out at about the same time frame as in previous years.
The "audited" filings was something he really emphasized early on; that, and the trademark infringement litigation seem to be important to the company for the future they have planned.
I got the impression that perhaps this could be a year of change for the company. But that is only my impression, and I have no idea what kind of time frame the company is looking at before they really get the ball rolling, or if it will roll at all.