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From August 1, 2018, through August 20, 2018, the Company received conversion notices for the issuance of 23,869,913 shares of common stock for conversion of $102,099 of principal and $20,054 of accrued interest on convertible notes.
23.9 million shares for $122,100 = $0.0051 - a half a penny.
At least $250,000 of convertible debt remains now which, if converted at the same price, would mean another 50 million shares to come.
That's before any additional financings, which look increasingly necessary. There's a reason they double the authorized shares to about 500 million. As long as people buy the shares, the Company will issue convertibles.
What possible reason is there to not have all public companies report total outstanding daily? Certainly not technically difficult and would go a long way in cleaning up the crap.
Huge spike in unemployment of immoral pumpers and thieves, maybe?
These are notes of $50,000 to $300,000 or so. Not huge amounts. At this share price only about 50 million shares are required for the toxic lenders to recover their money and more.
That is being accomplished.
I suggest that people look at the reputations and business model of the lenders. They will see this scenario has played out many times before.
The explanation for continued weakness is continued dilution. This is almost invariably the case for penny stocks with lots of convertible debt, as this one has.
As I said last week, the 10Q will be delayed as long as possible to avoid disclosure of the on-going debt conversion and dilution. When the real share count is revealed the share price will plummet and INND will join the thousands of forgotten penny pumps down there in penny stock hell. Another likely scenario is that the company will never file the 10Q. Why would they?
The company has nothing that many other similar companies don't have - the technology is widespread and unprotectable. Prices for the devices will soon plummet. There is no business here worth paying money for.
If you were really certain of the long term value of the stock you would not be watching ever tick.
Why watch the price? Just wait a month and be rich.
Another note holder is Power Up Lending of Great Neck New York.
Here's another post that should make you sell INND as fast as possible.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=130888919
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=129171728
Carebourn Capital of Minnesota is one of the convertible note holders. They've been around financing cheap penny stocks and dumping converted shares.
Here's an example - BVTK from last year - https://investorshub.advfn.com/boards/read_msg.aspx?message_id=130578187
BVTK current price $0.00005
No dilution!??!!
You say this over and over, but it is not true.
There is plenty of dilution coming, or already hitting the market. At last count the existing toxic debt converts to at least 300 million shares.
The dilution is the reason for the pump, of which this here board is evidence of. In 6 months no one will even remember the ticker and its price will be preceded by $00.000.
What kind of people knowingly tell others what is incorrect?
It's little ole me against an army of pumpers. Yet I will win in the end.
I don't believe in trying to fool people out of their money. I think it's just mean.
hmmmm
No Blue-Gear mentioned here. What a bunch of BS.
https://www.otcmarkets.com/stock/INND/news/Walmartcom-Successfully-Launched-InnerScope-Hearing-Technologies-Direct-To-Consumer-Hearing-Aid-Devices--Personal-Sound-?id=200436
Oh forget it. Not worth the effort. This stock will collapse with or without.
Your posts to me are a violation of the Terms of Use here. Would you like to delete them or shall I ask to have it done?
That's a year old. All the 2018 press releases extol INND's incredible technology and expertise. Ditto the posts on this board.
Never mentioned they are simply re-selling someone else' product.
Shall I scan the recent press releases and post excerpts that prove the company is misleading the public?
No press release mentions Blue-Gear.
Why does INND's package say Blue-Gear. Look closely at the Amazon photos.
Blue-Gear is a company in Minnesota
Same product - different name. Looks the same, anyway. And if you look at the Amazon listing for INND it shows a Blue-Gear package!
Watch that change in the next few days! Do they not have enough money to design their own package at least? Let alone their own product. Sheesh!!
http://www.blue-gear.com/productlist.php?category=1
Blue-Gear, Inc.
3030 Harbor LN N - Suite 102
Plymouth, Minnesota 55447
ph: 866-660-8130
http://www.Blue-Gear.com/
Where I'm coming from is that it's all about dilution. Like many penny stocks, this one has a lot of convertible debt - converting at under one penny per share.
The stock is being pumped up so that the holders of that debt may convert and sell shares for much more than the debt itself.
That's generally what penny stocks are all about. The more buying they can generate the more money they make selling shares.
Any time you see a message board like this filled with only positive comments - it's a pump. The real world gives us nothing that is 100% positive, unfortunately. The purpose of all the positive comments is to induce other people to buy, so that the toxic debt holders can sell. Otherwise, what is the purpose of posting all day long? If the stock is as undervalued as they say, it will rise without the incessant cheerleading.
1 customer review lol
Anyone want to bet that INND files its 10Q on time by Wednesday. I bet it won't.
They will want to delay disclosure of the dilution as long as possible.
Huge dilution coming. Just another pump and dump. Just like all the others.
There is at least $1.0 million of convertible debt which converts to about 250 million common. And that's only as of the last report. Probably much more by now.
Come on, Nigeria?
Business Post Nigeria is a publication of Business Post Integrated located at Suite 27, The Lord’s Mercy Plaza, Egbeda, Lagos
Someone paid money to place this article. It's not journalism, it is advertising.
TNW provides readers with information regarding publicly traded companies that have paid a fee to TNW to provide advertising, news and public relations services on their behalf. TNW receives compensation from the companies in the form of cash and/or securities in the companies.
It gets much worse - plenty of other debt with similar terms. All in all probably converts into 300 million shares - maybe more.
On October 11, 2017, the investor purchased a 12% Convertible Promissory Note, in the principal amount of $48,000.
On November 10, 2017, the Company issued a convertible promissory note (the “Note”), with a face value of $299,000,
On December 12, 2017, a third-party investor purchased a convertible note (the “Convertible Note”). The Convertible Note carries a 10% annual interest rate and is in the principal amount of $50,000.
On February 1, 2018, n a third-party investor purchased a convertible note. The Convertible Note carries a 10% annual interest rate and is in the principal amount of $35,000.
On February 8, 2018, the Company completed the closing of a private placement financing transaction. Pursuant to the Purchase Agreement, the investor purchased a 12% Convertible Promissory Note (the “Note”), dated February 8, 2018, in the principal amount of $58,300.
On March 2, 2018, the Company completed the closing of a private placement financing transaction (the “Transaction”) when a third-party investor purchased a convertible note (the “Convertible Note”). The Convertible Note carries a 10% annual interest rate and is in the principal amount of $50,000.
On March 26, 2018, the Company completed the closing of a private placement financing transaction when a third-party investor purchased a convertible note. The Convertible Note carries a 10% annual interest rate and is in the principal amount of $50,000.
On March 27, 2018, the Company completed the closing of a private placement financing transaction when a third-party investor purchased a convertible note. The Convertible Note carries a 10% annual interest rate and is in the principal amount of $25,000
On April 8, 2018, the Company issued a convertible promissory note (the “Note”), with a face value of $95,450,
On April 18, 2018, the Company issued 549,451 shares of common stock in satisfaction of $10,000 of principal pursuant to a conversion notice received by the Company from a convertible debt holder.
On May 11, 2018, the Company issued a convertible promissory note (the “Note”), with a face value of $100,000, maturing on May 11, 2019,
Just another penny stock with highly dilutive toxic debt. Same old, same old. This one is a little different because they are required to pay interest EVERY DAY!
Looks like the lowest price from last 20 days was .006. 65% of that is $0.004. $299,000 note converts into 74.4 million shares.
On November 10, 2017, the Company issued a convertible promissory note with a face value of $299,000, maturing on January 12, 2019, and stated interest of 10% to a third-party investor. The note is convertible at any time after ninety (90) days of the funding of the note into a variable number of the Company's common stock, based on a conversion ratio of 65% of the lowest trading price for the 20 days prior to conversion. The note was funded on November 10, 2017, when the Company received proceeds of $250,000, after disbursements for the lender’s transaction costs, fees and expenses. The Note also requires daily payments of $700 per day via ACH through January 12, 2019, when all unpaid principal and interest is du
I just realized that the share count on otcmarkets at 58,816,665 is from January 2011.
Anyway, I'm sure the whole share structure will change as soon as Arcaro has control.
Should NUGS be listed under Arcaro? Share price remains high for some reason.
Thanks. But i sure don't see that on otcmarkets. Says they haven't reported in years.
https://www.otcmarkets.com/stock/RGLG/overview
I must be doing something wrong.
Where were you able to find share structure information, or any information, about RGLG.
Don't see anything on ihub or otcmarkets.com
thanks
Answering my own question. Lots and lots of them that sound the same on Amazon. Link - https://www.amazon.com/s?url=search-alias%3Daps&field-keywords=hearing+aids
Who manufactures INND products? Looking at their financials there's not enough there to do it themselves.
And does this mean there are many other products exactly the same?
Do you see any financial statements to go with the huge earnings announcement?
You are correct of course. Nevertheless I am suggesting that SureTrader may be involved in criminal activity and that this is the explanation for the huge spike in AWJ.
Their customers should beware.
AWX rose to $18 after hours yesterday, after having risen 80% during regular hours. At the beginning of last week it was at $2.50.
I believe that this is an orchestrated short squeeze courtesy of SureTrader. The proxy for the owner of SureTrader, Guy Gentile, is Antonio Collie - who is the signatory for yesterday's Form 3 showing ownership of nearly 2,000,000 shares.
What a great set up. You own the brokerage, pump up the stock a bit, allow it to be shorted by your own customers and then, when the time is right, take away their borrows forcing them to cover at much higher prices. You know exactly how many shares are short because the only sellers areyour own customers!
Doesn't sound real legal.
https://en.wikipedia.org/wiki/Guy_Gentile "On March 23, 2016, Gentile was charged by the U.S. Securities and Exchange Commission with perpetrating penny stock manipulation schemes;[11] On January 31, 2017, a United States District Court Judge dismissed the charges."
I believe that this is an orchestrated short squeeze courtesy of SureTrader. The proxy for the owner of SureTrader, Guy Gentile, is Antonio Collie - who is the signatory for yesterday's Form 3 showing ownership of nearly 2,000,000 shares.
What a great set up. You own the brokerage, pump up the stock a bit, allow it to be shorted by your own customers and then, when the time is right, take away their borrows forcing them to cover at much higher prices. You know how many are short because they are your own customers!
Doesn't sound real legal.
So....does this prevent the crazy 250M share dilution referenced in prior post? If so, it appears that the CEO/Lawyer is truly acting as a fiduciary on behalf of the shareholders and us long term investors may have some hope.
The only shareholder to whom the CEO has a fiduciary duty right now is Discover Growth Fund. They hold the vast majority of shares.
Although I'm sure they have been selling shares, it will still take some time to dispose of all 255 million. That's a lot of uninformed buyers they need to find. Keep in mind, too, that Discover still does very, very well with their investment even when selling shares at 10 cents.
I believe that's an entirely separate, and irrelevant, issue.
It's pointless to buy any CEI at any price. Discover Fund has 250 million shares to sell - shares they got for almost nothing.
Don't waste your money.
(b) In recognition of the registrant being singly focused on the business of MariMed Advisors, Inc., its wholly owned subsidiary, it was determined that it is in the best interest of the registrant that the leadership of the MariMed Advisors be the new leadership of the registrant. Accordingly, on July 20, 2017, Thom Kidrin agreed to relinquish his positions as president and chief executive officer of the registrant. Similarly, on July 20, 2017, Chris Ryan, the registrant’s chief financial officer, was removed from office.
He's now CEO of Worlds, Inc. in Brookline.
Has the reverse split already occurred? If so, what was the ratio?
TIA