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It will go lower, the only question is will there be any runs between now and .0001. It will *almost certainly* not get high enough for the current bag holders to breakeven.
Just look at the Bertholds history, this is not an "investment" it's a pump and dump. In my opinion, of course!
On a side note, Berthold did have a series of videos made promoting PHMB. The best one had Kevin Sorbo, Hercules on TV, mouthing some inanaity about PHMB. So, I suppose in your future you can expect a series of D list (and Z list) "stars" paid to make a video saying how great INOL is, of course, none of these video testamonials will ever appear on paid TV :)
GLTY
NOPE, because scam does not equal illegal. There is a distinct difference between putting out misleading PR's and false PR'S. Berthold knows how to walk that line. Find a PR that came true, just one (okay except the ones that said he bought a company or some such silliness) What single prediction contained in a PR has come true? Not just with INOL, but also PHMB, his prior P&D
What I REALLY like (I'm serious) is this:
RALEIGH, N.C. and HOUSTON, July 14, 2011 (GLOBE NEWSWIRE) -- InoLife Technologies, Inc. (OTCBB:INOL), a service based healthcare products development, integration and marketing company, announced today its acquisition of all of the outstanding shares of common stock of Stemtide, Inc., ("STEMTIDE"). The principal asset of STEMTIDE is the perpetual fully paid and non-exclusive manufacturing and marketing rights to the STEMTIDE Age-Reversing Products, throughout the United States, whose products are licensed from an affiliate of the principal shareholders of InoLife. Consideration for the acquisition was 50 million shares of INOL stock and residual payments of 10% of the gross profits derived from the sale of the Age-Reversing Products.
So, Berthold "licensed his products" to Stemtide. Then he gave Stemtide 50 million shares (Quick question who owned Stemtide?)
Then Stemtide's former owners(who is that? Berthold maybe?) will get 10% of the gross margin(does not include administrative costs)
So what does INOL get out of this deal? net loss is all I see.
Really, an elegant scam, I didn't think Berthold was that sophisticated. Clearly he has paid some good attorneys.
And the non exclusive is REALLY cute.
.
Thanks for that :)
Clearly INOL is just another in a string of Bertholds P&D's. The price drop and shares outstanding increase alone are proof of that. Any one who expect's absolute "proof" (what Berthold will issue a PR saying it was all a scam? ROFL) is just trying to extend the scam.
We did have some great fights (I was right of course :) In fact I remember one poster asking if we were married, LOL.
I've been here for a long time, I just took 7 months off because I got tired of all the same BS being spewed by pumpers. I doubt I'll stick around, but who knows...
Keep up the good fight, I'll support on this.
Whoopsie, 2 Dana Flavin's??
Linkedin shows a Dana Flavin who is president of Stemtide,she/he went to Southern Illinois University from 1968-70 (that's 2 years for the hard to convince, degrees usually take a bit longer) This person is distinct from Dana Flavin-Konig who is listed on Stemtide's webpage. She is also on Linkedin and went to several schools including Chicago University and Loyola University as well as schools in Europe. Based on this, I took the liberty of contacting Dr. Flavin-Konig. The following is her response:
Flag this messageRe: Dr. Flavin in a penny stock scheme?Tuesday, July 19, 2011 7:55 PMFrom Dr.Flavin Wed Jul 20 00:55:33 2011
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Subject: Re: Dr. Flavin in a penny stock scheme?
To: "John Smith" <nosaint@xxx.com>
From: "Dr.Flavin" <dana@collmed.org> Add sender to Contacts
Date: Wed, 20 Jul 2011 00:55:33 +0000
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Thank you John, I shall look into it. I appreciate the information. DF------Original Message------
From: John Smith
To: Dana collmed
To: gdillon@collmed.org
To: marc@collmed.org
Subject: Dr. Flavin in a penny stock scheme?
Sent: Jul 19, 2011 15:18
From: John Smith <nosaint@xxx.com>
Subject: Dr. Flavin in a penny stock scheme?
Message Body:
I find it hard to believe that Dr. Flavin is in any way affiliated with Stemtide or INOL. However, according to this web page she is.
stemtide.com/employees/default.html
My first thought is that someone is using her name to sell worthless shares of stock. INOL is heavily promoted on IHUB it's a website that has message boards on penny stocks. But her name is being used across the internet to provide the appearance of respectability. If she is not involved with INOL, Gary Berthold, or Stemtide, you may want to look into this.
Other
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This mail is sent via contact form on Collmed http://www.collmed.org
Sent from my Verizon Wireless BlackBerry
end quote
Interesting...I included the header, but deleted my email,I'm also
not John. But I suspect I'll give my name to the SEC tomorrow. I wonder how long it will take Stemtide to take down their web page or at least the part that lists Dr.Flavin-Konig. Makes you wonder about Jay D Lussan doesn't it? Anybody want to contact him?
My first guess, Berthold had to do something to pull in new bagholders...ahhh I mean investors :) The first group seems to have fallen by the way side. Volume is easily manipulated by selling among a stock ring of insiders, this gives the illusion of real interest and pulls in buyers. If the company doesn't sit on the ask, the price goes up. This is how these scams operate you don't have to take my word for it, the indictment and conviction talked about on this board give details of the prototypical pink stock scam.
http://investorshub.advfn.com/boards/board.aspx?board_id=15452
If you're unaware of this board, it might interest you to find out who was indicted :) and convicted I think, but I'm not following it closely.
Besides, Berthold loves making my predictions wrong, Merry Christmas, it's the most I could do for you LOL
Not really, a bid of .0035 is a ways to go. Although, I'll grant you, Berthold can manipulate the ask since he's the one sitting on it.
Nope, I doubt this will ever see .005, a penny is out of the question. If you look at the charts of all the penny companies with active boards on IHUB, you will notice one glaring similarity, they ALL start with a spike and then steadily decline. Longs come up with various silly theories such as "MM manipulation" or naked short selling. However; when the smoke clears and all the information is known, it always comes down to the company diluting the stock to nothing. Berthold did this with his last company, there is no reason to believe that he has any different agenda this time. He has also already diluted the stock as was reported to the SEC. So why would you think he's not continueing to do it?
LOL, the last time I made this point we had to wait for a SEC filing from the company to prove it. I suspect we'll have to do the same this time, of course someone could always call Berthold and ask if he's diluting :)
There's ALWAYS dilution, it's the nature of Pinks and the history of Berthold with his public companies. But feel free to stay in, perhaps you should average down?
Merry Christmas from Berthold, his only known talent is constant dilution.
Down 25% on dumping, that's the Berthold we all know and love :)
Up 11%, Berthold must be welcoming the new mod :)
Nope, it will continue to fall as Berthold dilutes the crap out of it. PR's may provide temporary spikes.
I'm truely sorry you're a bagholder, but why should I encourage others to lose money on this scam?
The first rule of "pinks" is "trade them don't marry them."
ANYBODY who encourages you to "go long" is either a fellow bagholder, a paid pumper, or a delusional long who has lost so much he cannot accept his mistake in buying the stock in the first place.
AAND...you've been posting here since late September, did you buy in on the big run up?
GLTY
LOL, you really should try to understand what you're typing about, classes of stock do not confer separate ownership or ownership of different assets within the company.
stock class
1. A category of capital stock issued by a company and having specific rights or characteristics. Most firms have only a single class of stock outstanding. Thus, every share has exactly the same rights as every other share. But some companies have two or more classes of capital stock designated as class A, class B, and so forth. For example, one class may have controlling voting rights but both classes may share equally in dividends. In general, a firm issues different classes of stock when it wishes to sell one class to the public and reserve another class for its founders. Also called class, classified stock. See also common stock.
http://financial-dictionary.thefreedictionary.com/stock+class
and another definition that says the same thing
Class A Shares What Does Class A Shares Mean?
A classification of common stock that may be accompanied by more or fewer voting rights than Class B shares. Although Class A shares are often thought to carry more voting rights than Class B shares, this is not always the case. Companies will often try to disguise the disadvantages associated with owning shares with fewer voting rights by naming those shares "Class A", and those with more voting rights "Class B". Investopedia explains Class A Shares
For example, one Class A share may be accompanied by five voting rights, while one Class B share may be accompanied by only one right to vote, or vice versa. A detailed description of a company's different classes of stock is included in the company's bylaws and charter.
http://www.investopedia.com/terms/c/classashares.asp
Sorry, invalid example, as you well know. Nobody ever said that independant rep organizations didn't exist. What we said was manufacturers don't set up separate marketing companies. You cannot cite an example of that except in industries that bear no relation to the pharmaceutical industry.
That agreement you cited is in no way similar to your earlier example of Coke and Pepsi.
Your original statement "every drug company does this,
they don't want the hassle of marketing and distributing products." http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57409213
Is completely wrong. Changing the terms of your argument as you go along does not lend credability. It merely shows how weak the argument was to begin with.
The point is clear, Inolife technologies, inc. would not exist in any normal business model in relevant indusries. Inohealth would normally either market the product itself or hire an independant rep group to handle it. So what is the purpose of this separate entity INOL? Clearly it is merely a way to sell shares to the gullible.
And the dilution continues...It's been fun, completely ludicris, but diverting while the share price drops to new lows after the big run up.
That statement is so false it's ludicris. Most drug companies have their own staff of sales reps. There are a few independent drug reps, but they rep several lines from various manufacturers. The key word is independent. i.e. NOT owned by a drug company. If the business model you propose was "common" you could easily find an example of it. So I'm still waiting, can you cite ONE, drug or medical device company that set up a separate company with a different ownership structure to market it's product?
Until you can cite an example from a relevant industry, your opinion doesn't hold much weight.
In this case, I think it's clear INOL was set up to rip off investors.
So you admit you cannot cite a single example of a drug or medical device companyu setting up a separate marketing company. Sort of blows your theory doesn't it?
They're not drug or medical device companies, the soft drink industry has completely separate cost structures. One major difference being the neccessity of large local investment in the distribution of soft drinks, while drug or medical device manufacturers require little local presence beyond a sales rep. Let's stick to one industry shall we?
Could you cite one example of this so called "common" business practice? I've never heard of a drug or medical device company setting up a separate company with a different ownership structure just to market their products.
I have over twenty years experience in the medical industry, although the companies I dealt with were Bristol-Myers and Schering-Plough among others. I've also been on the board of Directors for various companies.
At that time, he didn't work for the company, I think he was briefly banned here, but he no longer is. By the way, it's all your fault :)
He did, but he thinks IHUB is biased and started telling people not to post here. Typically, he doesn't like debate, he just wants pro company posts.
Just for fun, I tried to look up David Klein on Linkedin. There is no David Klein who matches the details of the PR (past employer, college) on Linkedin. These days everybody who's anybody is on linkedin, so I guess we can assume that he's (a) nobody?
I remember another CEO of a pink sheet scam company, who Berthold has done business with, who made a big fanfare out of putting on a new board member. Turned out this new board member "with international business experience" was the guy the CEO bought cell phones from, LOL. I suspect something similar is the case here.
"because, in my opinion, people who believed in them and the companies they claimed to be operating have lost so much money " You also said "I believe that Gary and Sharon should not benefit from the way they "do business" because so many folks have lost their hard-earned money."
Good answer, amazing how simple the truth really is isn't it.
You're wrong again. This conference is such a poor choice, it could tar INOL with the stink of quackery that hangs over the organization that is putting the conference on.
Of course, it's a silly discussion, there is no product, there is no marketing plan (except for dumping stock). But if you really believe that INOL is marketing real products to real Doc's, this conference is the kiss of death. You should hope that Berthold never actually pays the booth fee so no one knows he's there. I'd say there's a good chance of that.
Ya think? Personally I was betting on the thinner thighs, I've seen a picture of Berthold...
Not at all, this is absolutely the wrong conference for INOL to be exhibiting at. The Plavix genetic test that Berthold claims to be marketing is aimed at serious mainstream Doctors. Serious mainstream Doc's don't join "medical" organizations founded by two chiropractors (with medical degrees from Belize :), who have both been fined in Illinois for calling themselves Doctors. Nor do they attend "Medical" conferences where the featured speaker is Suzanne Somers.
Now, you could put this down to Berthold's general business incompetence. Given his string of business failures you'd have a valid point. (TWO failed pet stores, among many others :) But it's more likely he saw a conference he could PR so the gullible would buy his worthless stock. Maybe he wanted a company paid Vegas Vacation (you do realize that's what this is don't you?) or perhaps he just wants thinner thighs, in thirty days...
That "conference" is a joke, so who cares if they attend or exhibit.
It's full of treatments for hair loss, hormone replacement (i.e. testosterone) etc.
The Key note speaker is...wait for it.....
SUZANNE SOMERS
http://www.worldhealth.net/lasvegas/lasvegas-guest-speakers/
Now that's a scientific symposium sure to attract serious medical personel, ROFLMAO
Maybe Berthold will get her autograph.
If you're really interested, you might check out the WikiPedia article here: http://en.wikipedia.org/wiki/American_Academy_of_Anti-Aging_Medicine
a selected excerpt: "However, a 2006 review of anti-aging medicine notes that of the researchers who are interested in this topic, the "vast majority dissociate themselves from the A4M."[4] The Los Angeles Times states that "Many physicians, researchers and scientists, delving into the physiological aspects of human aging, view the Academy's activities with disdain, saying that the organization is an inappropriate blend of scientific and commercial interests."
It's the perfect conference for INOL. Fake solutions with no scientific validity being sold to gullible people, sort of like this stock :)
....must have been by accident <G> That's the probable explanation. Good for you, Maybe next week, only Berthold knows how many shares he gave away that are now being dumped, But I would expect a new pump followed by this dump, fueled by numerous paid pumpers, er Tip Sheets I mean.
Looks like Berthold is planning a new pump, first he has to pay all the "tip sheets" with free stock. Did I mention that this would be a diluting pig? I think I did.
No, it will not fly. The days of .04 are long gone, I doubt it will see .03, but maybe.
At what price level will you admit it's an obvious scam? I'm just curious. Will you still be hoping for the stock to fly when it's at .01, below that?
No, they will sell into any run, you really ought to look at more of these companies, as a scam, this isn't particularly novel. It follows a standard and well established pattern.
From the 8K dated Oct. 20, 2010:
http://www.otcmarkets.com/stock/INOL/financials
Commencing July 1 2010 through October 18, 2010, the Company issued an aggregate of 45,302,445 shares of its common stock to 4 note holders pursuant to the conversion of certain outstanding convertible promissory notes (the “Promissory Notes”) held by such note holders bringing the total issued and outstanding shares of common stock of the Company to 158,947,522 shares as of the date of this report. The conversion ratio under the Promissory Notes was a 75% discount to market price for the Company’s common stock. As a result of the conversions the Company reduced its notes payable by approximately $17,900...
Now that's funny, Berthold valued his stock at .000395 per share, plus 25% of the average PPS. Looks like it's going to go WAAY down. Toxic financing always assures you of a falling stock price, right now someone has about 45 million shares to dump on the market. As long as the "financiers" can get more than .0007 or so, they make a profit. Consider this a map for the future value of the stock. Why argue over wether or not the test is valid (it's clearly bogus, just a PR) when Berthold has given you a preview of the stock price to come?
No, it's called Toxic Financing. :) 45 MILLION shares, or around 28% of the total shares outstanding can now be converted for .005 or less
"The conversion ratio under the Promissory Notes was a 75% discount to market price "
Did any one say dilution? Oh yes, I think it was me, LOL.
Now you will never be able to sell your shares without someone being able to sell much cheaper than you, and they will still make a profit.
The "Longs" are now officially bagholders, it's only a matter of when they admit it.
True, but another pump is probably in the works. Berthold has a history of driving the stock down to .0001, so he's nowhere near through yet. It looks like .03 or possibly .02 will be the next high. Just hold until the next PR :)
Glad to see you're still around, GLTY...really
yep, I enjoy busting pink scams, and Berthold is SUCH an easy target that I don't really have to work at it. Others have a history of busting scams, and some are just outraged that this fraud is seemingly legal.
Whatever corporation name was used by this shell prior to Berthold taking over (did he really or is he the front man again?) Is irrelevant, unless you're hoping INOL will telecast sports in China, or is it from China? I forget.
As for the O/S "only" going up 26 million, you have no way of knowing. We have a credible report that the A/S in unchanged as of today, but no info on the current O/S. I figure the time table for this ends in November. Berthold has to file a SEC report then, that should blow this out of the water.
Remember, everyone needs a hobby, this is one of mine :)
Only INOL could sell profitably at this level, or someone they gave free trading shares.
So now all the tall tales of "naked short sellers" are about to start so people can continue to believe that they didn't make a huge mistake by going long. FWIW, every company I've looked at where "naked short selling" was mentioned turned out to be dilution when all the facts were known.
The same Henry Harrison who was IR for ELCR among others? LOL
That stock was at .02 in April and is now at .0002. Now why does Berthold surround himself with these dubious characters whose only discernable talent is pumping worthless Pinks?
How many maps do you really need? .0001 by november.
I posted my rationale for dilution earlier, it's a pink, with a message board, and paid promoters. Not to mention a CEO with a bad track record.
If you think any of these companies are real you'll lose money by being tempted to "go long". And averageing down is just getting played twice by the same con.
Talking to Berthold will not help at all, He's never going to say "sure it was a con, and here's how I did it".
When the smoke clears and all the info is in, you'll see the dilution clearly. At this point, you just have to assume it's there.