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Shares outstanding is over 770 million now. Per a note on this message board it was only around 270 million back in January 2014. XUII seems to be printing shares faster than the US gov't is printing money. The only upside action I see is even more upside in the shares outstanding, not the share price.
A month ago in post # 13781 you said ".02 is easy here, .05 is possible. Going to be huge." Now when shares are at .0009 you're suggesting that they'll jump to .003 this week? Are you a paid pumper, or just hallucinating?
Why wait another month until the next quarterly report? Hundreds of thousands of dollars in loans are coming due this month. Private placement holders will dumping shares to get their loan money back. Outstanding shares will increase again (up 19% alone last quarter).
There's plenty of substantial information in the latest XUII quarterly report filed with the SEC. Of course, the information is substantially bad. With only one employee (the CEO), lots of debt, and nothing substantial as assets, what other substantial information do you expect there to be?
Well then, please share with us where you can buy an Imerjn tablet. They're not for sale on the Imerjn website. They're not for sale at Amazon, Walmart, eBay, or Best Buy. The Imerjn Facebook page recently confirmed they're not available for purchase.
If you read XUII's SEC filings, I think you'll find that they claimed to have stopped pursuing that business. However, I'm not sure you'd recognize that when visiting their website. Not sure why any investor would trust CEO Adam Radly with any investment $ anymore after seeing how he's destroyed shareholder value at INVA and XUII.
I wouldn't assume that published shares outstanding is correct, since SEC filings are outdated and over six months overdue. Suggest at a minimum you contact Investor Relations (if they even answer) and get verbal and written confirmation. However, why take the risk - what of value do you think this company still hold, and do you really believe that current book value is even positive?
Someone was saying .02 and .05. I checked back to the old posts, they did not say .005. It was Meach2 in post # 13781 only a few weeks ago on 04/09/14. Seems like he was in heavy pumping mode at the time. People should be aware of pumpers making outrageous claims who don't even seem to know what's currently going on at the company.
Who here said INVA was going to $0.02, possibly $0.05? It was someone on this board recently.
XUII is tanking, and INVA too. Sure looks like Adam Radly is a master at destroying shareholder value. Seems to be repeating what he did to INVA at XUII.
Yep, sure looks like there was a dump run on INVA today.
I've not seen any news. I assume it's just the creditors and private placement holders dumping more shares. Shares outstanding increased 19% in the last quarter, there's probably a bigger dilution this quarter with even more shares being issued and dumped. Take a look at XUII CEO Adam Radly's track record with INVA. Seems to be a similar pattern.
If this is such a screaming buy why weren't you all over this? Barely $11,000 in total trading value today. Let me guess the reason. This is a worthless penny stock.
Oh never mind, I see now. There was no reversal. Someone was trying a quick share price pump to get a few extra fractions of a penny before creditors / private placement holders dumped some more shares.
Total value traded today about $18,000. Why is everyone getting so excited over such a small value? Maybe someone made enough trading this skunk today to buy one round of drinks after work. You guys are too funny.
I missed the news. What would cause a reversal in XUII shares? Did they finally start selling tablets or apps? All I see with this company is increasing debt, increasing share count, and basically no revenues or assets of signifcant value. What's going to change any of that this week?
You won't receive any more shares. The company will likely issue more shares via private placements to help fund its continuing debt. As a shareholder that means you will be diluted, or that the percent of the company you own will decrease as more shares are issued.
... trippin down the stairs to bankruptcy. Still can't find the name of the CEO. Still can't find how they're paying off their double-digit million dollar debt. SEC filings overdue by at least 6 months.
I think the only employee is CEO Radly. Doubt he'll comment on here, he doesn't even seem to respond to questions asked of Investor Relations on the XUII website.
Last report I saw was shares outstanding = about 12 million shares. How is someone bidding on 20 million shares? Has there been a recent but not yet reported share dilution that's resulted in all the increased trading volume? I guess that means more bagholders.
Agree about earning. When were they last positive, if ever? However, I think investors should sell here, best to take a loss and invest in a company with an actual CEO and a business plan to make a profit. INVA SEC filings are six months overdue. Can't even determine who is the CEO. Looks like trading is heading to the OTC pink sheets come May 1st.
INVA SEC filings are six months overdue. Trading on insider knowledge is illegal. But doubt he has any such knowledge anyway, looks like the flurry of hype messages and trading are just a pump and dump. One last pump before shares move to the OTC pink sheets next month.
And what has changed at INVA to support those share prices? Have the SEC filings been made current (or are they still six months overdue)? Has a competent and respected CEO been hired (or is the CEO position still vacated by Adam Radly's resignation)? Have the double-digit million dollar liabilities been reduced? Has the company magically been made profitable after all these years of annual losses?
Thanks for the shout out. I don't care who, if anyone, follows me. I'm not a paid pumper looking to scam my followers. I'm not a paid basher, and for the life of me I can't figure out why anyone would want to pay me to bash such a low priced stock. Check out the open short interest on INVA, and you'll see that there's no significant amount of shorting going on. Quite interesting that no one can name the CEO, no one can suggest when if ever this company could turn a profit, no one can explain why the SEC filings are over six months overdue, no one can explain why recent headlines on the INVA related websites are outdated. If it looks like pump & dump, smells like pump & dump, acts like pump & dump, then ...
I see the pump & dump continues. Amazingly, SEC filings are still six months out of date. Don't know who the CEO is. And last time the company reported an annual profit was how many years ago, if ever? Don't let yourself be scammed by the hype.
Sure looks like a pump & dump. Where are the SEC filings, they're six months late. Who is the CEO now? How have they addressed the large debt levels? Don't be left holding the bag, do your due diligence on this. Notice how none of the pumpers are stating verifiable factual information about the company's actual business or finances, sure signs of a pump & dump.
Those names on Yahoo Finance (Jauvin, Allen, Williams) appear to be out of date. Other than Adam Radly, I believe all the other names were associated with the old/departed management team of Alex Frigon. Check any of the recent SEC filings, the only name you'll see is Adam Radly. Check out the website or Facebook pages or press releases, you see no other names.
So you've been invested in INVA for a while? Did you start back when the split-adjusted share price was in the double digits, like in dollar double digits, e.g. $50? Have you ridden the share price all the way down to under a penny? Have you marveled at the lack of a profit year after year? Do you enjoy visiting all the websites - Inova, Trakkers, DesertComm, etc. and like reading all the latest updates that are months or years old or enjoy viewing pictures of employees no longer with the company? Looks like someone is trying one last pump and dump before trading is forced to the OTC pink sheets.
What looks good about this? Shares down 22% today. SEC filings 6 months out of date. High debt levels compared to annual revenue as of last filing. No CEO as of late last year. Associated web sites haven't been kept up to date. Lots of folks pushing shares on message boards as if a pump and dump scheme is going on.
I smell rotten eggs too! SEC filings 6 months overdue. CEO resigned late last year. Web sites haven't been kept up to date. Still that doesn't seem to stop some folks from running a pump and dump.
Sure a lot of small public companies finance with debt. But they're also not a one man company failing miserably at suggesting they will run multiple products and putting out press releases for projects that are never successfully delivered. I couldn't get the paid personal cloud to accept a credit card number, and the information wasn't requested using a secure link (HTTPS). At a minimum it's horribly insecure and my repeated experience was that it didn't even work. Doubt you'll hear anything about tablets soon - they're already two months late. Read the Imerjn Facebook page where they're making silly remarks and no commitments. If the evaluation tablets were ready over a month ago why are there no published reviews? Read the latest SEC filing where Radly says that primary focus is on maintaining SEC filing status, second focus is on social media and marketing, and they're unlikely to make any progress on product development or revenue generation.
INVA filings with SEC are 6 months behind. Sure seems like a pump and dump going on here. Who is their CEO, Adam Radly resigned last year? As of last filing company had more debt than annual revenue and earnings were negative, how is that any different now?
So? Circuit City had huger revenues, and they went bankrupt. Is INVA making a profit on Desert or losing money? And why are you quoting figures that are nearly 9 months old? Let me guess, the INVA SEC filings aren't up to date.
Why aren't the SEC filings current? Who is the current CEO? Looks like the last quarterly report was filed with the SEC in September 2013 for the quarter ending July 2013. Check out the last time the INVA, Trakkers, or Desert Comm sites were updated with relevant information. Looks like someone's playing games with the company ownership, or there's a pump and dump going on.
Wow Rip Van Winkle, where have you been? Radly claims to have given up CEO of INVA, so he's only CEO of XUII. XUII claims to have given up on the Xumanii streaming video concept (check the Imerjn Facebook page and a previous XUII quarterly filing with the SEC). XUII undid the Trakkers acquisition.
I'm guessing you mean the free cloud for individuals, because as best I can tell the paid offering still isn't actually buyable. What areas do you think the company is actually in? They're not in tablets, because you can't buy one. Which of apps do you think are even close to useable? They're not in stream video (the Xumanii idea), because I believe in one of the quarterly filings they said it's no longer being pursued. They're not into acquistions, because the two they announced (Trakkers and NTIH) were either undone or never materialized. So other than free could storage to individuals, what are all the "so many different areas" that this company is in? I see a lot of strikeouts and not even a single home run. Unless you think they're in the area of debt-building, maybe they've accomplished something in that area in a short 6 months. But actually I don't buy the "short 6 months" argument. The company has been around since 2010 or so, and keeps changing business ideas. CEO Adam Radly ran INVA since at least 2007 until taking over XUII six months ago, working with similar technologies. Have you checked out how he did with shareholder value during his tenure at INVA (something like a split adjusted $50 give-or-take to under a penny by the time he left)?
All I've seen are broken promises/expectations around the tablets. Have you read the XUII quarterly report recently released? Seems they are far more intersted in SEC filing status and social media marketing than actually delivering any tablets or revenue. With just the CEO and no full time employees, how could they market, sell, deliver, and support tablets? And if they can't do it internally, who is going to loan them the money to outsource all that work?
Which PAID cloud storage subscription did you purchase? Haven't seen those working. What good are any apps (as broken as they may be) if they don't deliver any revenue either directly or indirectly?
My favorite lines from the latest quarterly report. Guess there's no need to look for the tablets any time soon. Paragraph from quarterly report listed below.
Our primary priority will be to retain our reporting status with the SEC which means that we will first ensure that we have sufficient capital to cover our legal and accounting expenses.
Once these costs are accounted for, in accordance with how much financing we are able to secure, we will focus on market awareness, testing and servicing costs as well as marketing and advertising to social media marketing websites. We will likely not expend funds on the remainder of our planned activities unless we have the required capital
You know they only have one employee, CEO Adam "Miss Badly" Radly? Between doing nothing, issuing press releases, and balancing old and new loans, I wonder if he has any time to call you back.