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Sounds like you're the only one who understands price x number of shares = market cap!
ok it should be gone in a few minutes
Where do you see a 10q? Nothing on SEC or yahoo
The number of shares hasn't really moved up much over time. The company probably is setting it high so it doesn't bump up against the 20m in the next couple years. It costs money every time they have to do a mailing to thousands of people.
It's not pink-it's OTCBB fully reporting/audited. And it was at those prices when adjusted for split. Nobody can manipulate reported prices as it's reported by the market not the company
4/24/2013 0.85
4/25/2013 0.74
4/28/2013 0.57
1/23/2013 1.1
1/24/2013 1.9
1/25/2013 1.25
Doubt that. The company probably wasn't happy their stock couldn't trade for 3 weeks. Necessary evil of the pre split price below par and not being able to issue shares.
This post has a lot of incorrect/missing information:
1) Much of the $6m loss is interest and litigation. There is positive EBITDA
2) The note wasn't transferred to a related party. It was transferred from a a related party (who could be a seller etc)to an equity company. It was part of the old debt. If it were an officer it would be in the officer section
3) 3.5m in today's press release are listed as new contracts
4) CF is (373k) not negative 15m
Where do you get $3 million? Their filings say their main creditors don't want stock.
It's the 10K. Due 8/13.
Can't figure out how it's possible for a $20 million company to have a market cap under $100k. Even their liquid assets are many times higher. Seems way undervalued!
It's actually a 10k, audited by a large PCAOB firm. The 10q's are reviewed by the same firm.
Sure Q's are reviewed-so not 'anything' can be put in them. And if they don't match the K the auditor/investors will notice.
How is $5.5 million 5 people's salary? That's over a million a person. And 5 management install $20 million of computers into schools all over rural Texas?
Unregulated? Make up what they want?
Hard to do that as an SEC PCAOB audited company that reports to Finra, IRS, DTC etc
Their audit firm is the largest in the world for small cap's.
They explained the R/S was to keep the price in certain ranges for their investors, so it wasn't really their decision.
Regardless, the stock is now trading at one-tenth the value of the company's hard assets (cash, receivables etc). $2m tangible assets last SEC filing. Market cap = $.06 x 4m shares = 240k.
Even a 2m market cap is very low for a $20m company.
This was a new announcement (never announced before)
Current backlog of awarded contracts worth $42 million. 18 months to 36 months in length.
$42 million backlog
http://finance.yahoo.com/news/inova-announces-42-million-awarded-100000936.html
Should be yes
Meaning on a consolidated basis Inova reports 100% of the revenue (and cash). The revenue doesn't physically move from a sub to a parent, unless there are management fees etc.
I didn't mean literally in cash-I meant revenue
All of it since its a subsidiary
12m 6 months ago
Since 18m of the 30m were completed that left 12m 6 months ago. So most of the 42m would be new.
This is the first time the company announced its backlog. How can it be 'old' contracts? They're literally 15 minutes old-the announcement came out when the market opened.
I saw some people on here get 5 free trades when they told the broker they were surprised they were charged broker fees. Brokers are the ones who make out on trading/transactions!
There was an update today:
8K
Does it say + 125% for INVA(D)? It should transfer to new symbol, either now or after DTC resumes trading.
Somehow I don't think that CEO would post on here. Probably has better things to do, like write press releases that a lot of people would read.
It's certainly easy to criticize those in the public eye. Unless you're in the public eye you don't know how people would criticize how your company is run. I'm sure INVA pay employees bonus/commission as well.
Good luck with your short
So that means you've done more than his 16 acquisitions, more than his $100 million IPO, more philanthropic work than him ? ($1.7 million donated to Nelson Mandela and work in Haiti/other countries)
So Citibank and everyone else who has done RS are fraudulent? Their stock was trading at 4 and now at $50
D is for 20 days but trading continues every day....
investopedia splits
Go to http://www.otcmarkets.com/home and sort by volume-Inva is highest on OTC today. So many shorts so what you read here is only 2/3 true, unless it's from a filing. 20m AS is 20m AS, after it's posted 100 times it will sink in.
What this means is that if nobody panics a sub-penny stock will trade at 32 cents, all else equal. Everyone has the same % of the company etc.
Even if true why is it so bad that a company wants to be a non-penny stock? Maybe down for a day but look at all the news/revenue/EBITDA etc that's the same tomorrow either way.
You actually get the $1 back they just make sure you have a real card lol
Where are you getting the billion? Authorized isn't issued and issued isn't outstanding. 200m per last filing. They obviously have employees if they're generating 20m revenue every year, year after year. $4m is 20% of 20m so a 2.5 month contract by the law of averages-perhaps it's a year max. I'm sure it doesn't take 5+ years to install a computer system in a school. Obviously there are many other contracts, some smaller etc. And of course on a GAAP basis including things like derivative loss, impairment and even interest it's a loss. Look at the millions of EBITDA that have been piling up in the past 5 years. And you spelled bullinger bond wrong but it's actually the reverse-the price volatility decreased by 35% in the past year. As someone said if you're bitter move on. If you're shorting keep posting.
http://www.sos.state.tx.us/corp/sosda/
You have to login-some are same, some aren't
Inova is still registered in NV thru 2013. It's the parent so could be any state.
?? Desert Communications, Inc. of Texas corporation number 0138217500 filed every year for 15 years, current as of last month. Funny how the price when up after your post-markets are self-correcting and see when there's shorts like yours.
Righttag was a pretty small acquisition to begin with:
http://www.faqs.org/sec-filings/120730/Inova-Technology-Inc_10-K/R12.htm
All companies shares go up over time, unless they do buy-backs. And of course all financials to SEC have to be at least reviewed/confirmed by auditor, so shares listed in 10q were correct at that point.
Knowing more about finance than penny stocks I'm fascinated by the low market cap-even at a penny it's only 1 million and .001= 100k and is lowest allowable otc .0001? = 10k
This is one of the subs sites: http://www.righttag.com/
Don't post if you don't know what youre talking about
The cost of sales is of course less than sales:
2012--21m and 16m
2011--22m and 15m
The gaap net income is negative because of interest, impairment of intangibles (non-operating expenses)
There's $2 million of EBITDA in last 2 years