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Please show me a link to a site where I can find reliable info about Velocity's revenue, not meaning estimates from Zoominfo and the likes
??? MVNT had its first revenue in 2019 ($694)
(and $5,399 in 2020)
Dream on, would be surprised if full year 2022 Revenue breaks $2 million (with a decent profit). You know the march to $100M should come from organic growth, not acquisitions. If the SP ticks up coming weeks, I'm out
Think I’m wrong about the ticker change
Ticker change approved to INOQ which means they’re ready now:
- filed a SEC Form10 that is effective so they’re fully SEC reporting
- audited financials!!!
- announced a new client in Montana a few weeks ago
- expect big funding so they can grow faster
BOOM
Notification of Late Filing, meaning they ask for a 15 day extension to file the annual report
We might get the annual report today, after markets close so we can chew on it in the weekend. My guess for revenue is 1.5-1.7M with a small profit. Without any indication (PR next week or so) of Velocity being merged in, this is it.
The only positive: Accounts Receivable increased from 96K to 639K (+543K), explaining the "increase in revenue of 84%" that was mentioned before in a PR. So their Q4 should be okay.
But Note 8, Subsequent Events: The Company has no material subsequent events to disclose.
Meaning there was no merger with Velocity or any other company in Q4, nor was a NDA signed. The delay in reporting was not due to any material event, they just focked up
If they close above .08 today we're having a party next week. Can easily run to .05/.10
Let’s hope so
What happened to the 84% increase in revenue, they’re down 30K, hilarious
you're right, I misread the numbers
Nope, don't agree and some of the "old" shareholders who bought in the trips are among the posters here. I know them, they know me. The majority of those 267 million shares in the float are still owned by former VSHC shareholders. Take a look at the 5 year barchart.
When IVS (for MVNT) gained custodianship over VSHC on 01/22/2019 almost 25.5 million shares changed hands. In every month since a number of shares (roughly a few hundred thousend to a million) were either bought or sold. Only exception was May 2021 when 6 million shares were sold. Do the math: 44 months x 1 million shares average since 01/2019. So at least 200 million shares still owned by former VSHC shareholders.
https://www.barchart.com/stocks/quotes/MVNT/technical-chart?plot=CANDLE&volume=total&data=MO&density=X&pricesOn=1&asPctChange=0&logscale=0&indicators=BBANDS(20,2);SMA(20);SMA(50);SMA(100);SMA(200);ACCUM;AROONOSC(25);ATR(14);CHKMF(20);STOFA(14,3);MFI(14,100);MACD(12,26,9);RSI(14,100);TRIX(15)&sym=MVNT&grid=1&height=500&studyheight=100
I read all PR's, company-tweets and financials another time and it's unbelievable, they're packed with "broken promises". Some would say lies. It's almost hilarious. How can they get some credibility back? Let's hope the mergers they've been talking about (Velocity, SGR, Tamabra, Intesista to name a few) are consolidated in the financials we're waiting for. And let's hope the annual report is filed before 10/01/2022.
On Ihub only 2 dozen shareholders share their vision. Twitter is dead, only a handful followers there, same people as on Ihub. Watchers on Stocktwits is under 300. So MVNT is completely flying under the radar. Without a substantial improvement in revenue and net profit most "old" shareholders (bought VSHC shares at 0.0002-0.0006) will sell and move on. Let's hope for a nice surprise.
Yep, they're ready. Ticker symbol change is coming up and news about funding (in Form 10 they expect $500K-1,000K)
From the PR:
“We are pleased to achieve this milestone” said Sharon Hollis, CEO of InnovaQor, Inc. “We hope the increased transparency and accountability will enable us to attract new shareholders and the capital required to deliver significant revenue and profits for our shareholders”.
Think they have secured funding already, but needed (as a condition) to uplist to pink current to get it.
$VMCS (Innovaqor inc) SP 0.008 OS 235M float 158M MC 1.8M (hahaha)
VMCS filed a SEC form10-12G, became effective yesterday, now FULLY SEC REPORTING, uplist to OTCQB is next. Ticker change pending FINRA.
VMCS did a reverse merger with InnovaQor Inc. InnovaQor offers 5 fully developed healthcare technology modules for behavorial health centers and is a market leader. Best EHR in the market. Signed new client (multi location facility) a week ago.
Will run hard coming weeks. Extremely undervalued. Software activated for 9M. Audited financials.
Good luck
https://investorshub.advfn.com/Visual-Med-7506
https://www.otcmarkets.com/stock/VMCS/security
https://www.innovaqor.com/
$VMCS (Innovaqor inc) SP 0.008 OS 235M float 158M MC 1.8M (hahaha)
VMCS filed a SEC form10-12G, became effective yesterday, now FULLY SEC REPORTING, uplist to OTCQB is next. Ticker change pending FINRA.
VMCS did a reverse merger with InnovaQor Inc. InnovaQor offers 5 fully developed healthcare technology modules for behavorial health centers and is a market leader. Best EHR in the market. Signed new client (multi location facility) a week ago.
Will run hard coming weeks. Extremely undervalued. Software activated for 9M. Audited financials.
Good luck
https://investorshub.advfn.com/Visual-Med-7506
https://www.otcmarkets.com/stock/VMCS/security
https://www.innovaqor.com/
SP has to climb above .01 (it will) and stay there for 30 days, then OTCQB. I expect the SP to start its climb today and surprise us. Think we will see many updates about new clients. I updated the Intro Page here with links to the websites of Medical Mime and HTS, looking VERY GOOD
Pink Current
I never won a prize before and it's always raining on my birthday.......so winning the GOLDEN VALVE would be huge
Let's hope they file this week, or monday before markets open. If not, forget about this OTC turd
$VMCS (InnovaQor inc) SP 0.0078 Float 158 million
Catalysts:
* filed SEC Form 10-12G that becomes effective 09/27/2022
* ticker change applied for (FINRA)
* uplist to Pink Current and OTCQB
* signed new client last week, 3 clinics
* fully financed by former parent company
* new funding ($500K-1,000K) on its way
Easy money I think, but do your DD
https://investorshub.advfn.com/boards/board.aspx?board_id=7506
https://www.innovaqor.com/
https://www.otcmarkets.com/stock/VMCS/security
$VMCS (InnovaQor inc) SP 0.0078 Float 158 million
Catalysts:
* filed SEC Form 10-12G that becomes effective 09/27/2022
* ticker change applied for (FINRA)
* uplist to Pink Current and OTCQB
* signed new client last week, 3 clinics
* fully financed by former parent company
* new funding ($500K-1,000K) on its way
Easy money I think, but do your DD
https://investorshub.advfn.com/boards/board.aspx?board_id=7506
https://www.innovaqor.com/
https://www.otcmarkets.com/stock/VMCS/security
It's accumulation time. With Form10 becoming effective Sept. 27 followed by uplist to Pink Current and ticker change, a lot of eyes will turn this way. News about funding and new clients will have its effect
Fair chance things will get better. Uplist to Pink Current en new ticker symbol will lift SP over .001 and news about funding and more contracts (Medical Mime is best in class) will do the rest
Just a final remark about valuation. With an OS of 235 million and an SP of .006 the market cap is a lousy $1.5 million. Software is valued at $1.4 million per 06/30/2022. But the software has a fair market value of $9.2 million. See form 10/A. The free float is 158 million, as 76 million shares are restricted. With little news we could fly to .05 and more. Check barchart
InnovaQor comes from a very bad past, both VisualMED and Rennova Health were suckers. The reverse merger, leading to a new company with 5 fully developed products, is very promising. Their Medical Mime product is among the best in the market. It can be installed in a matter of weeks in an automated process, without disrupting day to day operations in rehabilitation and substance abuse centers. The new client in Montana (3 locations) is hopefully a first with many to come.
I updated the companies Intro Page on Ihub. At the moment I'm the only moderator. Help is needed to spread the word. When they uplist to Pink Current, Ticker-change or communicate funding-news, we will get lots of attention. By then I will post on the main Ihub boards, like BB's stock haven and Momo's.
Good luck!
Yes, looking good. Some short term catalysts:
- upgrade to Pink Current (09/27 SEC form10 becomes effective)
- ticker change (FINRA, probably soon after 09/27)
- funding news ($500K-$1,000K)
- new clients (Medical Mime!!!!!!!!)
Good luck
Here it is, but I also have "other" source. Can't say more:
"During the six months ended June 30, 2022, Ms. Hollis, the Chief Executive Officer of the Company, loaned the Company $90,100. The Company entered into a promissory note in the amount of $98,510, representing a 10% original issue discount. The loan is due on September 6, 2022; provided that, 50% is due if the Company receives $500,000 of financing and 100% is due if the Company receives $1,000,000 of financing."
Page 39 of latest form10/A.
Positive: would CEO loan 90K to InnovaQor if she wasn't sure she would get it back? And even Dab paid some of the companies' expenses in 2021 and forgave 500K in exchange for shares. Hollis and Dab have a lot of faith in Innovaqors future. The new client in Montana with 3 facilities is a first step forward. They probably have more up their sleeve but wait until they're Pink Current.
Okay, I’m on the road now, will answer tomorrow
From their website, OTC markets and the SEC Form10
Innovaqor expects to get funding this month of $1million. At the moment the company is funded by its former parent company (Rennova) and current CEO Sharon Hollis
Innovaqor ($VMCS) requested FINRA a name change another ticker symbol
WEST PALM BEACH, Fla., Sept. 14, 2022 (GLOBE NEWSWIRE) --
InnovaQor, Inc. (A Nevada corporation) (OTC: VMCS), today announced that it will become a fully SEC reporting company when its Form 10-12G becomes automatically effective on September 27, 2022.
The company will begin filing annual reports with the SEC on Form 10-K, quarterly reports on Form 10-Q, and periodic reports on Form 8-K, and subject itself to additional reporting obligations related to proxies, shareholder actions and stock ownership rules.
“Our transition to a fully reporting company will create increased transparency and accountability to current shareholders and should enable us to attract new and more sophisticated investors as we endeavor to build a successful business” said Sharon Hollis, CEO of InnovaQor, Inc. “We look forward to changing our stock trading symbol and completing any remaining items required to finalize the change of our name to InnovaQor, Inc., on all platforms”.
For further information on InnovaQor, Inc., please visit www.innovaqor.com
Yes, makes sense
I mailed Jack Leal several times, very politely, never received an answer
WEST PALM BEACH, Fla., Sept. 19, 2022 (GLOBE NEWSWIRE) -- InnovaQor, Inc. (OTC: VMCS), today announced the successful onboarding of a new multi-location facility to its Medical Mime EHR (Electronic Health Records) solution.
InnovaQor is pleased to confirm that its subsidiary Medical Mime, Inc. has onboarded a new Montana-based behavioral health client whose three locations will transition from an existing EHR to its Medical Mime solution over a three-month period. All Medical Mime clients pay an implementation fee to facilitate the installation of our EHR and training of staff, and then pay a monthly subscription fee based on the number of users.
“This sale demonstrates our ability to displace competition in the marketplace with a modern product we believe to be superior in many ways,” said InnovaQor, Inc. CEO Sharon Hollis. “We believe that our continued focus on the needs of a customer to have a user friendly, seamless, and fully integrated product will ensure our Medical Mime EHR creates efficiencies and added value for our customers. We look forward to continued sales and increased revenues for the Company.”
For further information on InnovaQor, Inc., please visit www.innovaqor.com
https://www.innovaqor.com/news-media/press-releases/detail/47/innovaqorannounces-successful-onboarding-of-new-montana
Gunther, the A/S is 2 billion, OS 326 million (09/16/2022), float 192 million (12/31/2021).
how's ETHE doing?
I love the discussions here, based on hope but not on facts. Fact is that MVNT had revenues of 5K (loss 861K) in 2020, 180K (loss 487K) in 2021, 206K (profit 119K) in Q1 2022 and 378K (loss 58K) in Q2 (ending 21/31/2021) 2022. After that date no financials have been shared.
Suddenly a new poster (6 messages) shows up and tells us he talked to Jack Leal. And everybody here goes nuts, maybe he needs more time to file the fins because they're busy with a reverse merger (PetroChem). It might be so, but there's not the slightest evidence. It's hilarious. Fact here is that they didn't file the Q3 fins and the deadline to file the annual report comes up in 2 weeks. It's also a fact that the basis under MVNT is (seems) solid, but did they increase revenue in Q3 by 84% as they said? We don't know.
Let's assume they merge with PetroChem. PFS has revenue of $92 million (rocketreach estimate), no profit figures available. But if they merge you can be sure the full number of available Authorised Shares (1.674 million) will move their way. Meaning the OS goes from 326million to 2 billion. With combined revenues of less than 100 million and a OS of 2 billion a share price of .10 - .20 would be nice. That's a far stretch from 1.29. No cocktails from Coco, maybe a Bud