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So what do you guys think, is this thing doing good today?
Monday is Memorial Day
I agree, it feels that way to me. If they have their act together and want to be on NASDAQ, then why wouldn't they release the 10-Q on time.
Heck man any company on NASDAQ would be more than ready to release all the good news in a 10-Q.
With all that good news and filing late .... unprofessional at best.
I posted because of a 1:7000 Reverse Split that folks seemed to have forgotten about, or just didn't know about. They issued a PR yesterday bragging about it even though it screwed over all the stockholders. Other folks lost much more than I did.
I'm not bitter over $150, we've all lost way more than that at some time or another. This is just the classic R/S, wash, rinse, restart cycle.... RIGHT? AM I RIGHT??? SERIOUSLY...
Now they're talking about competing against Starbucks because CBD!?!
Here's how concrete the DD here is
"Maybe we will see some huge news next week :) $"
go CBD!!!
I would have $650 if not for the 1:7000 R/S.
If I still had $650 would you be able to help me turn it into $1950?
Well I'm laughing as I posted but yea I did. I just need the PPS to go to .73 so I can break even. Can you help me paint it there?
I'll paint all day long if it helps me out, so I don't get what you're saying.
Wait did you really lose 150$ and are complaining about it? I paint with 150$ for fun
1:7000 Reverse Split was on 11/21/18, so 6 months ago. Then the volume was incredibly small to non-existent all the way up to the front-loading party of 4/26/19 and 4/30/19.
I wish I would have gotten an invite to this party, but I didn't... darn
I guess that's just the way she goes.
Thank you for your very kind sympathy about my $150 loss in stock value though.
You seem like a very nice person.
go CBD!!!
I agree, you don't see many PRs bragging about reducing Authorized Shares by 80% and the Float by 50% after doing a 1:7000 Reverse Split.
Please explain how reducing the value for stockholders by 95% is good for stockholders.
Because CBD???
https://www.otcmarkets.com/stock/GTEH/news/GenTech-Sharply-Reduces-Authorized-Shares-by-80-Floating-Shares-by-50?id=228614 .<---- there is the mega news for OTC. You do NOT see these type of PRs often. The volume continues. What happens when the buying pressure continues for greater volume than what you assume was loaded?
So you actually think they're gonna open coffee stores? A whole chain of 'em? And their competitive advantage is CBD? That's hilarious.
Please tell me the "mega news" announced in yesterdays PR?
If you want to trade and try to make some money on trading it then that's what people do on the OTC. Problem here is that the front-loading party is over. That was on 4/26 and 4/30.
Who said what?
I didn't marry Pocket Games but I did lose $150.
Who ever heard of a 1:7000 Reverse Split?
LOL
oh so they're gonna compete against Starbucks. That makes total sense.
go CBD !!!
Looks like it got front-loaded on 4/26 and 4/30 for a pump and dump. It's incredible that they released a pump PR bragging about reducing Authorized Shares by 80% after doing a 1:7000 Reverse Split; which decreased shareholder's value by 95%.
Interesting Business tactics.
Can someone please explain how the 1:7000 Reverse Split was so awesome?
Yep! Very nice looking website with excellent marketing aspects to it.
Goes to show Innerscope is serious about their business model.
Next 8-Q and 10-K will bring massive runs up IMHO.
These are some high quality websites:
https://fsahearingaid.com
https://www.hsahearingaid.com
© 2018 InvestorsHub.com, Inc.
Going back to a $1 soon...What GREAT news!!! Love the last paragraph.
InnerScope Hearing Technologies,Becomes a Hearing Aid Manufacturer with the Signing of a 10-Year Hearing Aid Manufacturing, Design and Joint Marketing Agreement with Zounds Hearing, Inc.
Oct 03, 2018 08:00:00 (ET)
InnerScope Hearing Technologies,Becomes a Hearing Aid Manufacturer with the Signing of a 10-Year Hearing Aid Manufacturing, Design and Joint Marketing Agreement with Zounds Hearing, Inc.
The agreement allows InnerScopeto design and manufacture its own high quality hearing aid device brandsalong with InnerScope being recognized as one of only 13FDA registered manufacturer of hearing aid devices worldwide.
ROSEVILLE, Calif., Oct. 03, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- InnerScope Hearing Technologies Inc. (OTCQB:INND) announced today it has signed a 10-Year Manufacturing, Design and Marketing Agreement ("Agreement") with Zounds Hearing, Inc. ("Zounds"). Zounds is a FDA registered manufacturer of hearing aids, related components, and accessories sold under the brand name "Zounds." Zounds is distributed through multiple marketing and distribution channels including Zounds branded retail locations. Under the Agreement, Zounds will be a subcontractor for InnerScope, providing all of InnerScope's design, technology, manufacturing, and supply chain services. These services and resources will be shared between Zounds and InnerScope thereby lowering the cost for both companies.
The agreement allows InnerScope to leverage the tens of millions of dollars Zounds has invested in engineering, manufacturing, and supply chain capabilities. InnerScope also has the right to access Zounds' research and development and technology breakthroughs in advanced audio technology contained within its 52 exclusive patents providing unrivaled hearing aid sound quality and clarity. In addition, InnerScope and Zounds will execute a joint marketing agreement to assist each other with marketing in other distribution channels and leverage each company's relationships across both companies' brands. The marketing agreement will also allow InnerScope to add and market Zounds current extensive product portfolio through all of InnerScope's distribution channels.
InnerScope, known as a distributor and marketer of affordable high quality hearing aids through multiple distribution channels, will now become a registered FDA hearing aid manufacturer. The FDA registered medical device facility located in Chandler, Arizona, will also warehouse its manufactured hearing aids and related components and accessories. InnerScope will now join the select few worldwide traditional manufacturers of hearing aid devices (non-specialty hearing products) that currently serve this ever growing and emerging hearing impaired market.
These 13 hearing aid manufactures consists of 7 smaller or single brand boutique manufactures including Zounds, and 6 major global manufactures referred to as (the "Big Six"), together make up approximately 47+ different brands labels (see 2017 Hearing-healthcare-mind-map). The Big Six makes-up over 90% of the hearing aid market share for all hearing aids sold worldwide.
Unfortunately, the current hearing-impaired market of 1.2+ billion people globally that have hearing loss and may benefit from the use of hearing aids is well underserved. With the high cost of hearing aids and the lack of easy accessibility, these 13 hearing aid manufacturers are only serving less than 4% or equivalent to 7+ Billion USD of the total global hearing-impaired market. In the U.S. alone, its estimated only 8 million people are hearing aid users out of 48 million people who are hearing-impaired.
InnerScope's strategic plan as a hearing aid manufacturer is to design and manufacture multiple brand labels of high quality hearing aids at different price points for its multiple distribution channels. For example, its Direct-to-Consumer ("DTC") division, InnerScope will be developing a very affordable line of "Self Fitting" hearing aids, which allow the consumer to simply fit, program and adjust the hearing aids, all through their smart phone, in less than three minutes. InnerScope's hearing aids designed and distributed to InnerScope's corporate owned physical audiological hearing aid retail stores and to its Buying Group members, will have more audiological features and fine tuning options and adjustments available for a more precision fitting by hearing healthcare professionals.
InnerScope, now as a hearing aid manufacturer, will dramatically increase its gross margin up to 95% on corporate owned physical retail stores and up to 87% through its DTC channels. Coupled with the low retail price points, InnerScope will clearly be positioned to disrupt the current hearing aid market by offering its own manufactured high quality hearing aids with the latest in Bluetooth and patented technology that will rival all of the other manufacturers, even the Big Six. But, more importantly, with InnerScope's branding and marketing through multiple large DTC distribution channels and the building of physical audiological retail hearing aid stores, InnerScope will ultimately grow the current adaption and market penetration rate of 4%, which up to now, all the other hearing aid manufacturers have failed to accomplish due to the current distribution model.
"Zounds is well positioned to support InnerScope's vision and business plan" said Sam Thomasson, President and CEO of Zounds Hearing, Inc. "We are very excited to be part of InnerScope's long-term success. It was an easy decision given the passion of InnerScope's management and the years of experience and expertise marketing and selling hearing aids. Zounds expertise in hearing aid design, intellectual property, manufacturing, and supply chain management, will enable InnerScope to rapidly scale."
"Becoming a hearing aid manufacturer, is truly a "Game Changer" for InnerScope", said Matthew Moore, CEO of InnerScope Hearing Technologies. "This Agreement with Zounds has elevated InnerScope from not only a hearing aid distribution and marketing company, but to a global hearing aid manufacturer as well. Zounds' amazing patented hearing aid technology with over 80,000 customers in the United States and their expertise in manufacturing and design was a perfect fit for what InnerScope needed to disrupt the current hearing aid market place. Additionally, as a manufacturer InnerScope will increase its margin by 28% to 75%, depending on the product line. Plus, we will be able to meet all of the demands now and in the future on all hearing aid product orders from all of our large retail distributors," continued Mr. Moore.
"This distinction as a global hearing aid manufacturer gives InnerScope, as a public company, the ability to be compared to other public hearing aid companies. For example, Sonova, Sivantos, GN ReSound and William Demant Holding A/S are all publicly traded (not traded on U.S. stock exchange) hearing aid manufacturers (part of the Big Six) companies. However, IntriCon (listed on NASDAQ stock symbol: IIN) is the only U.S. publicly traded company that is a hearing aid manufacturer", Mr. Moore concluded.
$INND sales have exceeded expectations so far on the new landing page on Walmart.com ! Thank you @Walmart
Good news to be released shortly. Thank you for your patience $INND Shareholders! All 1400 of you!
$INND sales have exceeded expectations so far on the new landing page on https://t.co/JE0LISXqnO! Thank you @Walmart
— InnerScope Hearing Technologies (OTC: $INND) (@inndstock) November 13, 2018
Good news to be released shortly. Thank you for your patience $INND Shareholders! All 1400 of you! pic.twitter.com/SSGmOb45YR
Well what did he tell you? If it's legal then you can post the entire text of the email for all to read.
So the 10-Q doesn't reflective the latest action that started the run with the Walmart deal. Also people be trippin about standard going concern language which is nothing more than a safe harbor disclaimer and is found in every financial statement release in every company on the OTC as well as companies on the big boards.
KEEP YOUR EYE ON THE BALL. The next 10-Q and 10-K will reflect all the good stuff.
Today is a fire sale. These prices are ridiculously cheap. I'm buying all I can.
Here is a tweet you should read again.
$INND sales have exceeded expectations so far on the new landing page on https://t.co/JE0LISXqnO! Thank you @Walmart
— InnerScope Hearing Technologies (OTC: $INND) (@inndstock) November 13, 2018
Good news to be released shortly. Thank you for your patience $INND Shareholders! All 1400 of you! pic.twitter.com/SSGmOb45YR
InnerScope Hearing Technologies
@inndstock
$INND sales have exceeded expectations so far on the new landing page on Walmart.com ! Thank you @Walmart
Good news to be released shortly. Thank you for your patience $INND Shareholders! All 1400 of you!
Some good points you made in another one of your posts hobbyjack.
The products are real.
The FDA-approvals are real.
The Walmart.com deal is real.
The Moore's stock conversion from preferred to common is real.
The acquisition of hearing aid centers in CA is real.
The Innerscope/Zounds manufacturing agreement is real.
The expansion through audiology clinics is real.
The clinical trials with Erchonia are [soon-to-be] real. (Confirmed by PR's from both companies)
The OTC Hearing Aid Act is real.
Not to be one-sided, the additional notes after it was pro
I was asking, I don't know... I thought I read something about the surviving family saying nice things about the one who started it and had passed away. That was months ago and I can't find it now. It's possible that I'm remembering something from a different company. Does this ring a bell with anyone else?
Didn't the founder of the company pass away? Wouldn't that have something to do with the initial drop in price? I got the feeling that the survivors took the reigns of the company and are intending to grow it. If they have real deals with distribution (Walmart) and manufacturing (Zounds) then that is a real business, and it's kind silly to call it a "scam".
Now is the CEO puffing up the company with the stock price in mind, sure, big board companies do it all the time. He has also released a statement that explains the head-wind they are facing with the big 6 in the way of competition. Is he a young ambitious CEO?.... seems like it, but that doesn't make it a scam.
Can we just keep it real?
From what I've seen there has been a lot of flipping and when the trading gets thin there is obvious market manipulation by the MMs. The MMs have one goal in mind, to make money off this stock. If they tank it and a whole bunch of stocks are traded then someone is loading, perhaps insiders. Short interest can only account for so much. If insiders are loading then they know something....
All just my opinions of course.
Good objective post hobbyjack. I was busy all weekend and have been skimming over these two filings. Can folks who have read them all the way through give us an objective perspective on them; based on your opinion of course?
Thanks in advance.
To be honest, I'm kicking myself a little for not taking an easy $22K in gains the last time we saw a dime and buying back in around the .03's and .04's. We all expected news. I'll make it back. It just might take longer than expected. Lesson learned.
Now then,
The products are real.
The FDA-approvals are real.
The Walmart.com deal is real.
The Moore's stock conversion from preferred to common is real.
The acquisition of hearing aid centers in CA is real.
The Innerscope/Zounds manufacturing agreement is real.
The expansion through audiology clinics is real.
The clinical trials with Erchonia are [soon-to-be] real. (Confirmed by PR's from both companies)
The OTC Hearing Aid Act is real.
Not to be one-sided, the additional notes after it was promised that we wouldn't see any more is real and the continued O/S expansion is real.
If the business is prepared for the shift in the healthcare and hearing aid industry standards then they ought to be well prepared.
I'm as frustrated with the sneakiness of the aftermarket 8K on Friday as anyone (and I'm trying to not let it cloud my judgement), but I can't imagine with Walmart willing to promote and sell their product that they wouldn't be actively pursuing Target/CVS. We've had other posters here talk about the intricacies and long lead times for the signed contract to mature. Given Target/CVS have never sold hearing aids DTC, it makes sense that this deal would take longer to mature. In the meantime it appears they need capital to continue to grow their business, which in part I'm personally okay with - but still it was sneaky.
Appreciate your input and feedback. Best of luck!
Good to know, thank you.
They have 45 days after the end of the quarter and INND almost religiously files an NT-10Q giving them a 7 day extension. We’re looking at Nov 20th to the 22nd for their quarterly report to be available.
According to a recent interview with the CEO, there may also be something coming out on sales projections that I think would be separate from the 10-Q.
Thanks for the post. It will be good when they get some pictures posted in the "Recent Before & After Custom Build Out Location Pictures:" section at the bottom.
Apology accepted.. from me anyway.
Fact is, that was great news, and Innerscope Hearing is still a real company selling real hearing aids with the largest retailer in the world (Walmart).
This is a rare breed here on the OTC.
We can speculate all day long as to why this and what that... what I speculate is that while the trading is thin, any stock can be manipulated, dilution or no dilution.
I'll speculate that this stock will run again with solid positive news in the financials.
Looks locked up. The shares being sold have apparently ceased.
10:52 AM and only 10,807 shares have changed hands, and the last trade is above open.
Time will tell, but what we do know is that this is a real company selling real hearing aids with a mass channel of distribution (Walmart) and a real plan for growth.
I've never felt safer invested in any OTC stock as I am with this one.
$INND
I'm hoping to load up more today. Yesterday was a good day to buy 'em cheap.
So with this history, is there anything of substance supporting this company and it's stock?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=122734140
this was over $6 not too long ago
until CEO Robert Ladd got busted
https://www.ccn.com/riot-blockchain-mgt-capital-ceos-charged-in-27-million-penny-stock-scam/
https://pubcoceo.com/2018/09/12/sec-charges-microcap-fraudsters-and-billionaire-for-roles-in-27-million-market-manipulation-schemes/
i agree. The tweets are fine as long as they are real and the company is real, and it appears to be real. They are for sure listed on Walmart's website and therefore selling some product. What people want to see is the sales figures, and that's coming. It is what it is. If the "sales are surpassing expectations" as mentioned in their latest tweet today, then the stock will run.
Here's the tweet (it included a screen shot of the first page of "Hearing Aids" on walmart.com, so it's worth going and reading the tweet for yourself.
Good Morning $INND Shareholders. Very exciting news. With our launching of the Zounds products, we are now dominating the FIRST page of https://t.co/JE0LISXqnO! Our sales are surpassing expectations, and we only just started. More news coming up... pic.twitter.com/Q3hRrj6TJb
— InnerScope Hearing Technologies (OTC: $INND) (@inndstock) October 24, 2018
More
Good Morning $INND Shareholders. Very exciting news. With our launching of the Zounds products, we are now dominating the FIRST page of http://Walmart.com ! Our sales are surpassing expectations, and we only just started. More news coming up...
LOL.. I was thinking the same thing.
You're talking about Google Map images as if they are current images. Sometimes Google Map images are YEARs OLD as in multiple years.
NEXT....
Look at their website and the awesome photoshop job they did of the sign out front of their "office". Now go on Google street view of their office and look at the real sign.
Yea that was actually good solid news.
Look above ^, 8K and acquisition of audiology clinic!
INND FOR THE WIN!
Is it just me or does this chart look like it's setting up for a sweet run?
No gap to fill. INND traded at .0679 at 2:35PM
Yesterday's close at .0697. Hasn't traded below .07 today. Unless I'm missing something...
well said
Okay great, you warned everyone. That's in the past, INND has done it's actin of the morning, and your warning is now null and void. How bout stop spamming this board now.
To answer your question: Technicals
To answer your question: Fundamentals
Good tweet yesterday from the CEO:
"I am pleased to announce that due to our financial health, INND has no intention of accepting toxic debt financing. Our focus is to increase revenues and enhance shareholder value for all our shareholders. We are excited to start September off with a bang. Stay Tuned!" -CEO
"I am pleased to announce that due to our financial health, INND has no intention of accepting toxic debt financing. Our focus is to increase revenues and enhance shareholder value for all our shareholders. We are excited to start September off with a bang. Stay Tuned!" -CEO pic.twitter.com/rsL2rkusU9
— InnerScope Hearing Technologies (OTC: $INND) (@inndstock) August 28, 2018
Thank you Urbanlegend.
Do you understand the basic gist of the case Max Sound will likely bring to the Appeals Court?