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Troy would never blame those surveyed for the R/S fiasco...so i will. If you ask people if they want a R/S they'll say No but 45% saw it for what it was, necessary. People associate R/S with less shares and ultimately less value in there investment. In this case, we still had 5 billion shares and the price tanked from a high of .0129 till it settled at .003. Then we still needed shares to fund the growth to other platforms, there were none, so he doubles the A/S.
Looking back, or what should have been advised, do a R/S to 1 billion shares and we might be where we are today but with 1 billion O/S and shares to fund our growth. All IMO
I've been in LFBG for several years and when things got going with the nationwide Walmart campaign and the price climbed above a penny, many investors here didn't sell. I don't recall posters here predict the R/S and 50+% answered the survey question to cancel it....I did not. Still think the R/S once announced needed to be done. Seeing the pps tumble to .003 says to me we should have said YES. In comparison, doubling the A/S only took us down another .002 , not .009 .
But I still see some bright spots....more games...more platforms...and MyPraize! I'll be adding again...........
Troy needs to take responsibility for the failed R/S and how/when he announced the increase in A/S.....but if the facts are as stated in how the auditor issues was handled, getting down listed was not his fault. The PCAOB has some explaining to do !
enough with the lie comments...we didn't have a single detail...in the course of an entire year we did not uncover a single detail of the acquisition.....or the $500k IHSN was contributing
So in the dark, sure ! Love to have some details.
IHSN still on sale..... at yesterdays market cap its has a pps of .0294....lets see where tomorrow takes us
having trouble with comparing to a buy-back...in a buy-back the company is taking cash to buy-back /retire the shares. for me thats cash that can be used elsewhere.....so we have fewer shares and didn't spend the cash.....winning
and matty and Tank have not replied to impact on IHSN if HM3 is not acquired....they appear to be seperating....as the previous PR had implied
As for Market Cap....hard to see why market cap should fall...new products are coming to market and IHSN gets a piece of the action. If pps doesn't increase after 71% share reduction then the market cap falls. For the market cap to remain the same as yesterdays close....pps would need to be .0294
IHSN is currently On Sale... IMO
Tank and Matty......made comments about the prior PR and said looks like IHSN and HM3 are seperate....appears they are and might remain that way. How does that change things? What are you hearing?
Retiring shares is great news for IHSN today....whats the future look like ?
I recall seeing something here about cancelling the Overcash preferreds....about a month back
Wow...someone else asked about the relationship of IHSN and HM3....do we know if it was previously a business relationship, merger or acquistion. Todays PR sounds more like a business relationship , and the relationship is changing.
Before I continue let me say that when I saw that the Crosstoner site was up and running I immediately sold some stocks to add to my IHSN position....added at .0045. Also I did not sell a single share today.
My questions still remain. In fact I may have even more. Lets first visit that many had questioned why the Forbes infomercial wasn't filmed at HM3. Now we have some wording in todays PR that says we are restructuring the agreement with HM3 and commiting $500,000 less. Plus when people say things like "we expect to" continue working with them and we will share in the marketing efforts and products we've been working on ALL IMPLY IMO that the future relationship has changed.
IHSN acquired HM3 one year ago, they own HM3, so where do the words share and expect come into play. It sounds like 2 seperate companies going forward, and if that occurs, who is running each business.
Love the timing for the Crosstoner release...bathing suit weather around the corner!
Under terms of New Agreement - and - and coninues to work with
To me both statement imply SEPERATE .....just trying to understand
Innovative Health Sciences, Inc. (PINKSHEETS: IHSN) announced today that it has restructured its agreement with Harrington Multi Media Marketing (HM3). Under the terms of the new agreement, IHSN will reduce its annual capital commitment costs by more than $500,000.00, while maintaining its participation rights for marketing projects and products for which HM3 developed infomercials. Innovative Health Sciences, Inc. expects to continue to work with HM3 on our existing projects as well as potential projects currently being reviewed. IHSN's goal is to identify new projects that can create a diverse portfolio, while developing the potential for significant upside to generate revenues.
Can anyone explain who's still at HM3....who's at IHSN. They were together till today.
Sorry but still trying to understand who's who...and I've been here since Oct 2010. IHSN acquired HM3 April 2010. Now appears IHSN going its own way with benefits from recent projects ( like Crosstoner )
Who's running IHSN ?
appears they are seperating from HM3 ... what does IHSN have of their Own ? Which post am I missing?
Where did it say Retiring Stock....it says"restructured agreement"
Innovative Health Sciences, Inc. (PINKSHEETS: IHSN) announced today that it has restructured its agreement with Harrington Multi Media Marketing (HM3). Under the terms of the new agreement, IHSN will reduce its annual capital commitment costs by more than $500,000.00, while maintaining its participation rights for marketing projects and products for which HM3 developed infomercials. Innovative Health Sciences, Inc. expects to continue to work with HM3 on our existing projects as well as potential projects currently being reviewed. IHSN's goal is to identify new projects that can create a diverse portfolio, while developing the potential for significant upside to generate revenues
I'm ok with the increase in A/S to fund growth.... but the pre-announced R/S was horrible, we got to R/S pps anyway, IMO once it was announced just let it play out...NOT CANCEL and pps tanks and you still have billions of shares. Plus why ask investors, did that help the pps at all ?
When , if at all do you think Troy will clear up the concerns about Modesa ?
I'm still in but have concerns.........
Question: why do all these horrible things to a company, announce R/S and triple A/S , just to dilute. Makes no sense !
Also, why tap the Funding Souce now ?
welecome to CHILE...need some patience
Sorry if I confused anyone.....was trying to suggest that A/S still unchanged.....and that when things were going well it was PRIOR to owning MyPraize and Prior to the 1st profitable quarter
Now we have MyPraize and introducing more games and its Easter !
Sure can....LFBG purchased a christian social media company, called MyPraize and then hired someone with 20+ yrs experience to run/grow it....I'm not a tech guy but they immediately started working on upgading it.
MyPraize can be used for many things to grow LFBG and generate REVENUES
Some of the best investors Buy when others are nervous and sell when others remain greedy. I ask myself why I didn't sell at .012 and why I'm not buying now.
A/S hasn't changed yet
We didn't own MyPraize yet
Had our 1st profitable quarter
It's Easter...thought that was our next opportunity for Sales !
I'm feeling Nervous......
If Troy said, I have secured future funding as needed from an private investor to remain anonymous, would we be ok with that ?
I doubt it...lol
I'm watching the products currently on store shelves, developments in MyPraize and products in the pipeline!
Heres a thought: according to the reply from the SEC....the funder must file once they have a 5% interest...so far they don't...and may never have...so if they requested to be kept private isn't that ok.
This wouldn't be the first time Troy made a move that puzzled me. Is it possible he didn't expect an all out investigation into a POSSIBLE FUTURE Funding Source? The announcement of the addition to the A/S was a surprise.
Said another way , is it ok for a WEALTHY believer in LFBG to remain unknown until their funding hits 5% .
Looks like its going to cost you .0033 / will this be the 2nd day without a trade?
Someone on this board made a comment that owning IHSN was like owning a Private Company.....in a way it is....insiders have most of the shares. I think most here will remain patient...IMO
It was a post on the THR# board that brought me here...for that i'm thankful.
It's almost April...things change. Things are going to change with IHSN....its just taking a little longer
WOW ...and thanks ! Wish I saw a post like this months ago,when I rode LFBG all the way to .0129 and didn't sell....too much good things to come.lol
Hopefully I will learn from this post....thanks again !
So SORRY Matty....made the comment more to point out the other poster was clueless....I love IHSN and I will be here for a long time....if others get impatient I will add
I'll be averaging down if it falls...too many good things could happen here. Even THRR has resurfaced...lol So you never know !
You remind me of watching Maxwell Smart....major Law Suit...would you believe 1 billion dilution....would you believe 500 million...would you believe ? ? ? lol
Great Post as always !
But think you were light on the revenue...Troy announced an increase in future revenues to around 3 million already, so new games and adding existing games to new platforms should add additional revenue.
Troy said he would use additional A/S only for multiplication!
Problem I see is you have Troy running this company with SHARES in the PAST and now he also has some revenue...lets see what he does going forward !
My issue has never been the direction of the company or there acquisitions. Its the botched announcements.
We have record sales...lets do a R/S...no lets cancell it
We have 1st profit...lets double the A/S...but we may not need to use it till 2012
Lets do a Webinar to discuss the future plans and products...thats cancelled too
I was ok with the last R/s but Troy cancelled and the pps dropped anyway. IMO we are at post R/S levels and NO SPLIT. Plus current pps is based on doubling the A/S which hasn't happen either.
IMO if the last proposed R/S was a 1 new share for every 5 ...we'd be at the current pps.... and have 4 billion shares if needed for future growth....and A/S would be unchanged.
I got CRUSHED during the R/s announcement and again with the A/S announcement....the short term investors bought back in at a HUGE DISCOUNT. They will sell again when we see the 30's . Why dooes't Troy see it !
I'm a Long....started buying in 2008
It wasn't...was a poor decision and horribly timed. Announce your 1st profitable quarter and increase in earning....he could have done the increase in A/S with the media event !
As always, I'm glad Troy communicates with his investors and I still feel good about the companies path.
However, I'm reposting the following question:
25.
I suspect that most people probably do not know that you really want to take both LFBG and the shareholder price to high growth levels. Some people have stated you care more for the business than you do for investors and the stock price. What do you say to such comments?
This is nonsense. I currently own 2% of this company and have invested nearly everything I own into it. I have numerous friends that are shareholders that I’ve worked hard with to protect their investments. In fact, harder than any other CEO they’ve ever known. As our success continues, and our public relations campaign expands, you’ll hear that our story of success has been the result of our faithfulness to our original investors. This mutual faithfulness to our mission combined with divine providence is the reason our future looks so bright. I do intend to ask the Board to sell me 10% of the company at a significant discount. It is my intent to hold 10% of the company’s shares on a long-term basis.
HOW MUCH CHEAPER THAN CURRENT LEVELS WOULD THAT BE? MANY HERE ADDED BEFORE THE FINANCIALS AND SAW PPS DROP BY ALMOST 40%...THATS A NICE DISCOUNT ALREADY. CEO'S BUY WHEN THEY THINK THERE STOCK IS TO CHEAP !
26.
When will you schedule another media event/webinar?
Not for a while. However, we will be releasing multimedia presentations to announce new products each month. So please, stay tuned. At some point, we do intend to hire a firm to help us successfully do quarterly conference calls to announce results.
I THINK TROY MISSED THE BOAT BY CANCELLING THE MARCH10TH MEDIA EVENT AND NEEDS TO RE-THINK HIS "NOT FOR A WHILE"
seems like Varok is correct....and if company was going to dump the additional 500 mill shares they would have done much better by holding back on announcing the increase in A/S .....the 500 mill shares would generate more cash...makes sense
wow Sharntnk...pasted the same questions into email to Terri
ask her where are the answers to questions posted? Troy answered march 10th !