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10QSB Filed in Feb looks promising, took this piece from there
Management expects that operating revenues will grow during the remainder of Fiscal 2008 as employers expand their use of random drug testing utilizing Avitar’s ORALscreen and if the Company is able to find a major US distributor for its Hydrasorb wound dressing products.
However, funding constraints described above have resulted in a decrease in the Company’s direct sales force and has delayed the implementation of an expanded, targeted marketing program. ORALscreen, as an instant on-site diagnostic test, is part of the fastest growing segment of the diagnostic test market. Funding constraints have also resulted in the Company having difficulty in maintaining raw material inventories at sufficient levels for manufacturing products to meet anticipated sales volumes. Based on current sales, expense and cash flow projections, the Company believes that the current level of cash and cash equivalents on hand and, most importantly, the net proceeds from the immediate and future financings mentioned above would be sufficient to fund operations until the Company achieves profitability. There can be no assurance that the Company will consummate the above-mentioned financings, or that any or all of the net proceeds sought thereby will be obtained. Furthermore, there can be no assurance that the Company will find a major US distributor for its Hydrasorb products or have sufficient resources to achieve the anticipated growth. Once the Company achieves profitability, the longer-term cash requirements of the Company to fund operating activities, purchase capital equipment, expand the existing business and develop new products are expected to be met by the anticipated cash flow from operations and proceeds from the financings described above. However, because there can be no assurances that sales will materialize as forecasted, management will continue to closely monitor and control discretionary costs at the Company and will continue to actively seek the needed additional capital.
As a result of the Company’s recurring losses from operations and working capital deficit, the report of its independent registered public accounting firm relating to the financial statements for Fiscal 2007 contains an explanatory paragraph expressing substantial doubt about the Company’s ability to continue as a going concern. Such report states that the ultimate outcome of this matter could not be determined as of the date of such report (December 24, 2007). The Company’s plans to address the situation are presented above. However, there are no assurances that these endeavors will be successful or sufficient.
well they got in March another 310k so they are getting life lines and they are getting it only cuz there future can be explosive so the LLC is not letting go under.
will see
The dip to .0008 is worrying me, and not a good sign, hope it will not be heading down, I am looking at next week to see if this going to find bottom.
I anticipate news in May dont ask me how I know I said I anticipate news in May. Last run over a peny was last may 07 hopefully this will last into years to come.
ciao
do you know if they still persuing FDA approval on there products?
TIA
recent PR in march they mentioned 2009 is when they expecting revenue, I like to know what there estimate of revenue for 2008?
anyidea big buy?
thanks
how many shares we have all together in this room?
I saw the canada , but they also said 2009 is when things going to roll. I have now a total of 10 million shares going to sleep on them till it rock and roll.
gl
Good point a five year ago article
maybe thats why this stock never flew since the rejection of FDA letter.
Point is what are they doing now? where they taking this company that 310k private placement was it to pay there saleries or help launch there business.
All remain to be seen, I like the 7 year clause they included in there contract.
thanks
Thank you Krizzi for your reply back and good DD on the letter by both AVTI AND FDA.
Anything else you can add woulc be great, The company must emphasise how they are planning to enter certain markets or strategies to enter them.
And have they considered a merger with another company in the BIO industry maybe will help in what they are trying to attain.
Have they looked overseas for market panetration there? No red tape no FDA requirements needed, and the middle east would be a great target.
Just how agressive is there marketing staff?
just few ideas im kicking around here
but thanks again
GL
From there last PR
Peter Phildius, Avitar’s Chairman and CEO said, “The construction industry represents a significant business opportunity for Avitar, a revenue potential of ($1M over the next year). Industry leaders are now moving to incorporate Avitar’s on-site oral fluid technology for random drug testing, as well as pre-employment
So they telling us in 2009 when we should see some revenue, ok that if fine and dandy however seems that they need to be better at presenting PR'S
Have they explored state agencies, like police dept's mnay private companies out there test there employees for drugs why not tapping these markets they need to be diversed and maybe there are critiria state agency's look for.
Are there products FDA approved? maybe thats why we not seeing market penetration. Would be good questions to ask Krizzi since you have developed a repor with IR dept.
thanks in advance
gl
what I like about this company is
They dont pump too many PR'S so its not a dump and pump like many other penny stocks out there. One big contract will make this move, I like to see more volume more interest in this stock they should find a firm that can promote there business.
gl
Any one able to fill at .0008? I am going to take a stab at it
Yea I have been out of action on IHUB but im back will post when this thing starts to move.
GL
looking for May for AVTI to make a move to .01
AVTI:US
Avitar Inc
Industry: Medical Products
Add Security to your Watch List
13:54 OTC BB Currency: USD
Price
0.001 Change
-0.000
% Change
-11.111
Bid
0.001 Ask
0.001 Open
0.001
Volume
2,540,744 High
0.001 Low
0.001 52-Week High
0.02
(04/20/07) 52-Week Low
0.00
(04/15/08) 1-Yr Return
-96.364%
EARNINGS
Earnings
Past 12 Months
-0.140 Quarter Est.
EPS()
N.A. Quarter Est.
EPS()
N.A. Year Est.
EPS()
N.A.
Price/Earnings
(Trailing)
N.A. Relative
P/E
N.A. Earnings
Growth Rate
N.A. Estimated
P/E
N.A.
FUNDAMENTALS
Shares
(Millions)
77.794 Market Cap
(Millions)
0.062 Float
(Millions)
77.706 Return on
Equity
N.A.
Short
Interest
2,237.000 Last Dividend
Reported
N.A. Dividend Yield
(Trailing 12mo.)
N.A. Relative
Dividend Yield
N.A.
happy holidays to the few here wish you the best, one thing we will never forget IBTY management and Manfromars,picasso,porche man with odd names we will remember he was banned on this board and will be there forever baned baned baned. ;)
arioce
marshmallow boy last word for you syfle that mouth and get yourself in some day care center for kids, I bet you never graduated high school now take your licking and move on arshole you were allways one and you will always be, im sure you dont have any friends in life. ;)
sayonar
Monthly Share Volume Report
Select a different report by entering an issue or MPID: Sort By: Report Date:
Issue Market Participant
Volume Issue/MPID
Nov 2007 Oct 2007 Sep 2007 Aug 2007 Jul 2007 Jun 2007 May 2007 Apr 2007 Mar 2007 Feb 2007 Jan 2007 Dec 2006
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IBTY - INDUSTRIAL BIOTECHN
Page of 1
November 2007 October 2007 Year-to-Date
Volume Rank % Volume Rank % Volume Rank %
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Total Share Volume 55,739,978
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NITE
KNIGHT EQUITY MARKETS, L.P. 35,505,012 1 63 63,608,546 2 26 227,188,295 3 23
VERT
THE VERTICAL GROUP 9,648,400 2 17 11,586,000 3 4 264,060,384 2 27
UBSS
UBS Securities LLC (UBSS) 9,307,162 3 16 160,761,333 1 67 366,485,682 1 38
ETRD
E*TRADE CAPITAL MARKETS LLC 1,199,700 4 2 1,397,130 4 <1 19,842,046 5 2
HDSN
HUDSON SECURITIES,INC. 79,704 5 <1 - - - 2,327,782 9 <1
--------------------------------------------------------------------------------
IQWB
This has been dormant for 6 months but last week started to perk up. Went as high as 400% on Wed. Anybody hear anything? Pretty cool idea they have.You expect the same to happen to IBTY?
clair I know you are a student read the TOU you cannot copy and paste other members messages cut it out dude.
sure clairmon, tell me the logic behind your statement please, ?
cantarus hand me that bottle now I need a jab lol
you had it on your Radar all the way down to .0001 hard to believe bro ;) wonder who is hitting the bottle now lol
good job jipper someone is paying attention here!!
Clair what is it you dont get dont do me favors man, how are your other holdings doing? are you buying any IBTY stock are you and investor? let me know im curious really curious you come on this board you posted few posts you can count them on your hand the times you posted what is your agenda?
Got to hear this
hey guys lets stick to the topic IBTY.. post your thoughts but no tolarance for attacks in this room!
why dont you grow up Clair and dont push your luck on this board
thats the good attitude centarus you have a bizantian name hard to remeber it lol
Clair, don't wager Not a good thing, maybe you enjoy the bottle and you dont want to share it sir lol
I know a guy on this board that will tell you what it is like to drink from an empty bottle!
now clam up
Balance, MA (200) DAYS IS @ .0162 now multiply your millions into that number I gave you im sure you will be hap[py.
Question is if and im only sayng if they did a reverse split 1-100 or even 1 -500 I can live with that.
I feel that IBTY MANAGEMENT are too greedy to do a split so they will get enough crow back in the game once they get there goose in a row, you know goose are pretty good walking when in raws lol
c ya
Balance, MA (200) DAYS IS @ .0162 now multiply your millions into that number I gave you im sure you will be hap[py.
Question is if and im only sayng if they did a reverse split 1-100 or even 1 -500 I can live with that.
I feel that IBTY MANAGEMENT are too greedy to do a split so they will get enough crow back in the game once they get there goose in a row, you know goose are pretty good walking when in raws lol
c ya
Balance I think I need to take a nap man, im sure you will keep the board in sink@
see ya another day
oh yea remember it all, do you remember how picasso claimed he made a pop each time it moved from lows .20's and bragged about it as we were losing our pants. Guess we had the last laugh cuz he became a major bag holder, even though he only admited to 12gs I think he had two times to three times that amount, still gulping on it!
I put the fork into the right pig lol
all bag holders raise ur hand I am the first to raise it lol
bull wake up dude, you may miss your lotto ticket here, back up the truck man!
how many times we seen a pink dead stock get a pulse and pufffffff starts to move under a peny though so dont get greedy now im sure .005 all the way .0089 would be decent
hey centroid,hang in there buddy
Centaurs I have member marked you hope you appreciate it lol
by the way goble on the verge
vinnno lets watch him play a little Matt shot me mail about manfrommars lol he is looking into it!
put limit order im sure you may pick some up and quotes will not even show the basement deal you got
Balance where you hitting the Hammer today? lool will be following behind you started actualy the other day.
we can laugh about it later if the nail bounces lol
there is a saying though once a fool, twice a fool, 3rd time a pin head lol
hey clair I deleted my own post dude so you are in good standing ;)
CLAIR my appology I did visit other stock boards you post on the other day, I have mistaken you by someone else!
SO WHO PICKED UP THE 7 MILLION SHARES RACK THEM UP!!
MY OFFER STILL STAND BUILDING ON THE TRUST ;)