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LOOKS LIKE DESPERATION IS SETTING IN
Word out of $INND is that actual sales are minimal and Mattyboy is having problems keeping up with payroll. One of their more disgruntled employees has taken to providing detailed blow by blows of the daily activities in the company, and it ain't looking good.
It seems that the focus of management -aka Mattyboy or as dragonlady calls him the PUNK, spends most of his time trying to figure out new press releases to make it seem like the company is actually doing well. The objective? to open up a share trading range that helps GS sell shares so that $INND can sell gutter notes.
The financial statements will be late, the audit will continue to be rolled out as the path to riches, of course not including quarter 4.
Oh and you know those kiosks, they are putting a financial stranglehold on the company - they are far more expensive to manufacture, install and support than thought. Most of them are apparently costing the company more than $$5000 per year EACH for floorspace rental - Yabba dabba doo!
Hey Mattyboy - Tell us straight, don't lie - how much sales are these kiosks getting??
My investigation continues. Thank you to those who are no longer remaining silent
I think the answers to your riddles are as follows:
We will never see an independent audit of any quarters that matter. There is no way a respectable PCAOB auditor is going to sign off on a company like this' results! If they do, I'd suggest them to be highly suspect.
Also, you'll notice that Q4 is not included. Why, you ask? Because this is when all the unsupported, unsubstantiated and value-less acquisitions happened. ihear and Hearingassist are a joke in my opinion, lies and falsehoods designed to perpetuate a scam! I believe the Moore family should be in prison.
Preliminary revenue?? Well, these are simply the PO's that they already announced. Doesn't mean this is new revenue. It's called accrual based accounting. It does not factor in the fact that there might be chargebacks, refunds, product returns etc. from those who signed the PO's. If Walmart can't sell the sh@t, do you think they won't return the product. Mark my words, the company isn't likely to see a whole lot of payments against these PO's. Also, its Q4 so it's not something we can verify for way down the road. I believe it to be nothing more than an unverifiable BS statement, designed to support the SP. More scam in my opinion!
Miracle kiosk revenue === probably will never amount to a thing. The company has never explained the revenue model or laid out the true costs of these stupid kiosks. How much do they cost to make, to install, to ship, floorspace rental costs? Smoke and mirrors and a big waste of investors money.
Mommy and daddy?? not much!
This company will be destroyed long before they get to 15 billion shares issued. Finra and the SEC is on this, Mattyboy doesn't have the time he thinks before they move in. Also the company is insolvent and the gravy train is slowing. $INND will be out of money before then. Once the bills come due, Gabe realizes he's taken enough money from this death spiral company, and the hearing assist former owners realize they've been duped, Mattyboy will crawl back under the same rock from which he emerged.
These are my personal opinions only people. Time to make your own.
Lots of stupid news coming out
Mattyboy needs to try to boost the share price so his gutter note holders can convert, sell, and make profit.
His announcements are ridiculous. Talk of these kiosks making all this money is complete BS, in my opinion a boldfaced, criminal falsehood.
Each one probably costs more than $2500 to manufacture and ship to $INND's many so called "warehouses". Onward shipping to retail location adds more to the costs. Then you have setup costs, travel for $INND staff and THEN fees paid to the retailer for floor space.
These kiosks will NEVER make any money. The model is outdated and serves only to give appearances that the company actually makes profits selling hearing aids.
We know how many of these kiosks have been deployed to date and so we only need to wait until quarter 2 results are published before this foolishness is revealed for what it is.
The big question is -- who and what will be the blame when the results come back poor and the company is still insolvent.
I believe the entire Moore clan to be criminal!!! My opinion anyways
SMOKE AND MIRRORS
This alleged $633,000 in revenue isn't real yet. Most of it is comprised of those purchase orders he already announced back in December. Its called accrual based accounting.
Those funds DID NOT come in to $INND.
It will only come to reality, in a couple of months IF the garbage product actually sells in those bstores he "sold" to and they don't return the product.
You watch, in a few months those orders will be reversed as $INND is required to take back product that these retailers can't sell.
I believe this to be a criminal enterprise led by con artists and supported by wanna be investors too stupid to realize that their prize investment in $INND shares is a joke.
Many of the pumpers on this board likely don't have any shares in $INND or only hold a couple hundred dollars worth.. It's sad really.
Hearingassist former owners contact info -
Hurry though before their email addresses are changed or re-routed to Mattyboy!!!!
nnaylor@hearingassist.com - NICK Naylor
fkuriloff@hearingassist.com - FLOYD Kurilof - the old Boss man
tbender@hearingassist.com - TONY Bender
tmanning@hearingassist.com - TANE Manning
dkopf@hearingassist.com - DON Kopf
You also want to look into -
Benjamin f. ernhardt, MD
chris ivery
Just received SEC confirmation of complaint.
Anyone else interested in filing a complaint, the link is found here https://tcr.sec.gov/
If you message me privately, I will provide my SEC assigned complaint investigation file number
Off to CORFAC this week in Vegas, have fun with $INND stock and will be back next weekend!
I have a theory about Mattyboy
I think its possible that the motivation for acquiring hearingassist, and paying sooooo many shares for the privilege, was meant to do one thing!
I believe that Mattyboy believes that by buying hearingAssist, which to their credit, did have product selling in walmart and its website, he can avoid prosecution for previous false and misleading PR's.
Think about it, as the endgame nears - I think the company will soon run out of money - he will be able to say that in point of fact, $iNND product, through its subsidiary hearingassist, did and was selling product in walmart.
There is no way that GS Capital is going to continue funding this company, if they are smart. Why would they? there is not a lot of opportunity as the stock collapses to the .005's and he's already been forced to re-structure 1.1$ million in a shareholder friendly transaction. LMAO I'm sorry, but I just needed to say that. I couldn't do it with s straight face here yet Mattyboy seems to be able to do so :\
As soon as someone at his new PCAOB audit firm tells him that they cannot certify $INND as anything higher than pink alternative reporting, what's his next play? Another paid interview??? Again, LMAO
CLEARLY, BJ's doesn't sell $INND product.
Walmart.com has a few hearingassist products listed online, but those pre-date the acquisition, which begs the question -- why did the founders of hearingassist sell?
Is $INND even in compliance with current U.S. Food and Drug Administration?
I was reading the FDA Reauthorization Act of 2017 and noticed some things that frankly confuses me.
First question -- Are $INND products Hearing Aid Devices or Personal Sound Amplification Products (PSAPs) under the Act?
The recent changes to the Act, that is so often touted by the company, creates a new device category, per below which is taken directly from the FDA's notice.
"The agency proposes a rule to establish a new category of over-the-counter (OTC) hearing aids. When finalized, the rule would allow hearing aids within this category to be sold directly to consumers in stores or online without a medical exam or a fitting by an audiologist."
What products are $INND selling right now?
We all know that the Moore family supposedly lost a their licenses per their settlement a few years back, so who's their audiologist currently? What responsibility does the company have to its clients?
Next question -- It has been alleged that the company, until its acquisition of hearingassist, was buying, re-packaging and selling cheap Alibaba product. Has anyone checked to see that these products meet our FDA standards? If not, is there liability there for prior sales that should be brought to the attention of the FDA?
Per the proposal:
"To ensure patient safety, the proposed rule also addresses a maximum output (volume) limit for OTC hearing aids that would prevent injuries from overamplification of sound. In addition, the proposed rule includes certain device performance and design requirements, such as distortion control limits, self-generated noise limits, latency limits (how quickly an OTC hearing aid processes, amplifies and relays a sound), the range of frequencies that the device can reproduce and how uniformly the OTC hearing aid amplifies different frequencies over its bandwidth, as well as a requirement to limit the insertion depth of the device."
The FDA also issued an updated draft guidance, Regulatory Requirements for Hearing Aid Devices and Personal Sound Amplification Products (PSAPs). Do we know if $INND is compliant with any of these requirements?
I will add this old PR to the complaint I made to the SEC a week ago.
Wait just a second.
IS THIS A JOKE?
In looking back at the twitter post from 10:38 AM · Jan 28, 2022, those don't look like $INND kiosks but just some cheap cardboard display, for which the company likely pays high placement fees.
Are THESE the kiosks Mattyboy is now talking about? That's embarrassing.
I guess $INND could no longer afford the stupid hi-tech ones with earphones and flatscreens, which I might add, probably don't contribute ANY financial benefit to the bottom line.
A product display and an $INND "kiosk" are 2 different things!
This COMPANY = BANKRUPTCY very soon, I think.
And if that happens, Mattyboy, I am suing you and everyone related to you -- wife-y, in-laws and children!
And if you end up in jail, I guess your wife can find another man to help raise your kids.
What a shame!!!!!!!
It's sad and strange that so many alleged retail partners seem unwilling to go on the record with a joint press release.
UNLESS ---
These aren't partnerships at all! Simply, a commercial arrangement where $INND pays 100% of costs, pays the retailer floorspace rent, and supplies product on consignment?
This means that the more kiosks installed, the quicker $INND goes broke! LMAO What is the point?
IS MATTYBOY PLANNING HIS EXIT?
Could he be setting the company up to fail so he and his gutter note providers scoop up the company's i.p for a song?
It would dispense of debt, all of the public shareholders, his 'acquisition' partners, and leave the family with everything.
Favorable debt restructuring???
Let's not all cream our jeans over this press release, the debt is still there. There is likely no way that $INND will ever be able to repay it in my opinion.
All Mattyboy has done is gone to his gutter note providers, who probably can't convert and get value for the notes now anyways at current stock prices. Probably they just reduced the conversion price drastically in a fixed term note.
INTERESTING that specific terms were not announced. Why do you suppose that is??
What does it matter if you restructure notes again and again if the company is never going to have the money to repay it.
HERE'S A THOUGHT
Through this restructuring, Gabe and GS Capital could now have an express claim against the company's I.P, maybe even a default judgment in the event of non-payment?
If or when things go south, Mattyboy, Daddy Mark and Big Mama can go to GS and buy it back, leaving shareholders and creditors of $INND with nothing.
LET'S SEE THE TERMS MATTHEW, NOW!!
What are "MASSIVE" amounts of kiosks? FML :)
How will Mattyboy pay for them?
What do they cost to manufacture, install and monthly rent to retailers allowing them?
Why are the retailers deploying them not allowing $INND to issue joint PR's?
What do these kiosks provide $INND in returns?
When $INND can no longer to pay the "rent" to retailers, what will he do?
Are the retailers that house these kiosks also stocking $INND products in-store?
Kiosks = WHY?
I spoke with one of the former Hearingassist people, now part of $INND, and they are pissed.
Apparently, Mattyboy promised millions of dollars in marketing and operating capital if they did an all-stock deal, but now is unable to come good on this commitment.
From what they say, all of the money so far has come from gutter notes and that gravy train is no longer sustainable, especially with a stock heading quickly towards the .004's.
I called the former ihear guys but nobodys talking. It seems that was more a tech play than anything, mostly for the purposes of good news releases.
Forget the Moore clan, I'm told that the payroll has bloated with new hires from both ihear and hearingassist as well as others.
When this thing collapses, possibly in the next month, this isn't going to be just shareholders left with nothing but a lot of unpaid wages to non-moore family members, though I suspect Moores will get their pay first!
A reeverse split isn't going to be able to save $INND now because it would take longer than I think the company has. And, that will take money for attorneys etc.
So, what do we think Mattyboy is going to do next? Tune in folks, it's going to be a great show the next several weeks!
So long 0.006's, we are now into the 0.005's
What is this CEO doing? I guess the Walmarts and Hy-vee's aren't creating sales? Maybe the company needs MORE kiosks!
Matyboy is soon going to be out of money at this rate. High salaries, limited revenues, shares in the toilet.
I have expanded my investigative inquiries to the headoffices of those companies that the company alleges are retail partners. It's time to find out what the real deal is, I'm betting they are pretty much all trial programs where $INND gets to supply the kiosks free, pay the stores for floorspace with no guarantees that they will stock our product. I consider any retailer partnering with $INND as potentially complicit in perpetuating this stock market abomination and possible scam.
Also, wheres the money from these Po's?
I think that the shareholders of this company are going to get left holding an empty bag.
Where are the company's investment bankers? Remember EF-HUtton?
If one iota of news put out by Mattyboy turns out to be false or misleading, I will sue him,his wife, his parents, his wife's family and children.
This could be criminal!
Want to stop the raping of $INND?
Mattyboy is going to continue to sell gutter notes as long as Big Ole' Gabe Sayegh continues to offer them. With the shareprice in the .006's it is going to be increasingly more difficult for Matty to sell these notes and for Gabe to profit.
I think its time to turn up the heat on those who would otherwise be complicit in the continued issuance of billions of shares. Who's this? GS Capital for one.
I've been looking in to other companies financing by Gabe, through his 1-page website financial powerhouse of a capital company. There are more than a few.
Maybe we should look in to all of these companies? Ask the SEC to investigate all of these companies, all of Mr. Sayegh's activities?
These gutter notes are destroying OUR COMPANY!
If Mattyboy is spinning lies, false news releases and fraudulent financials, and to be clear I say "if", is then GS Capital not potentially complicit? Hmmm?
Mr. Gabe Sayegh's email is gabe@gscapitalfund.com. According to a 2021 filing for Cannagistics, his position is GS Capital Partners, LLC. Gabe Sayegh, President 30 Washington Ave. - Not sure it shouldn't be Managing Member if its an LLC but anyway.
I encourage everyone to reach out to Mr. Sayegh and inquire how long he is going to continue to support this company?
If the Moore family are, as many have stated, allegedly the criminals people claim, then why is Gabe Sayegh supporting them?
NOW is the time to reach out, and show the investing public what is going on with $INND and those toxic financiers that would support them.
If they will not act, take it to the SEC. The company and their supporters. You don't think that the SEC would love to investigate the money behind potentially questionable OTC companies?
Send Gabe an email, send him 5. Send him a link to this post or ask him the simple question, why is he supporting $INND and how much has he made selling on the Pump?
My name is Edward and I am not staying silent any longer!
In all seriousness, the liklihood of a legit PCAOB auditor like Paris Kreit & Chiu CPA of every certifying $INND's financials is probably zero. The last auditor probably told INND that and hence the reason for the new auditor. You can't just acquire companies without proper valuations being done under PCAOB guidelines. As for the costs for the auditor I suspect Matty boy will just pay them until he can't, which will probably be within the month, and then the whole audit thing will go quiet. You see, in a game like this, he just wants to be appearing to be doing "the right thing" when realy its all about the "stall". Just think about it, for the next several months, he will be able to blame the auditors everytime a deadline is missed. I believe Matty boy is a CRIMINAL, and not even a good one. He will get whats coming to him and then his poor child will spend the next decade visiting daddy behind bars. This is probably inevitable. At this time, Matty boy probably goes to bed everynight worried about where hes going to get the next few hundo thousand dollars to make payroll and keep things going. A scam works until you can no longer pay your accomplices. His employees and the Ihear and Hearingassist folk are eventually going to realize that they were taken for a ride. Maybe you should order more kiosks, Matty boy?
MY COMMENTS ARE JUST OPINIONS NOT FACTS
PREDICTIONS
The company runs out of capital by end of march latest, shareprice is too low for gutter note help, Ihear and Hearingassist shareholders feel duped and revolt, Mattyboy has no options and then BAM! Lawsuits!
Anyone interested in joining me for an investigation into the company and Moore family, direct message me. Your support, not your money, would appreciated.
Can't wait to see the next quarters financials. They will likely be worthy of their own Comedy central special!!!!
Taking bets though that they will be issued late, as always.
MATTY boy should be indicted!
In my humble opinion
Heading for the .006's!
What is this CEO doing? Does he have any credentials to be a CEO? In my opinion, this company is a SCAM. Releasing teasers to big news! What, he started selling online??? What has Matty ACTUALLY accomplished??? Like, ever!
I think Mattyboy should be indicted as should his whole family. I have started a deep dive into every statement hes published in the past few years, every questionable financial statement he may have issued, every gutter note deal he has signed. I am then going to reach out to the folk at IHear and HearingAssist and see what possible BS claims he might have made to get them to surrender their companies to him in exchange for what?? INND shares?? What a joke.
I believe Mattyboy should be indicted NOW!
These are just my opinions
Here's a question for all those thinking that INND is going to not keep dropping. If the company has been surviving on gutter note provided by Gabe Sayegh of Gs Capital Partners, how are the shares going to do anything but fall more at the end of the month when new notes are issued? He only make money by getting discounted stock and then selling at current prices and driving the SP down.
HOW is this stock going to rise with so much overhang? If the company is not turning a positive cash flows right now, the company should be out of cash in a matter of weeks, Im guessing.
Maybe it should order more kiosks for walmart and the many other reputable retailers it has partnered with?? Does walmart even pay $INND for these kiosks? Doubt it. Its more likely that the costs are all carried by $INND and theres probably also placement fees? Unless walmart is in the business of giving away floorspace.
CHALLENGE to Mattyboy. Tell us shareholders how much these kiosks are costing and earning $INND.
****
Opinions expressed above are simply the uninformed views of the author, a long suffering shareholder.
SIMPLE SOLUTION
It's clear that there are some very serious issues with this company, perhaps as DragonLady and others have noted, a FRAUD.
I've filed a complaint with the SEC. Why not others do the same? List the many suspicious actions and have them investigate the entire damn family. If they deserve to be bankrupt and in jail, the SEC will put them there.
What about a Class Action suit as well. I'm in