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The S&P will make a public announcement on Friday, September 6 as to any changes in the companies to be added or removed from the S&P 500 index. The changes then become effective two weeks later - September 20
And the company has had virtually no business now for several years.
The total revenue averages less than $50,000 per year over the last 3 years.
How can anyone even maintain that ITOX is a viable business enterprise? It seems like it is simply a vehicle to sell shares of stock in order to fund Cliff and Karen.
Why do you use the term Velocity Group, Inc. when referring to Velo 3D ? Is there a name change for the company?
There is one contract with one state DOT and it has not produced much revenue.
What does ITOX have to offer to a potential acquirer? There is little revenue, no product line, no workforce.
Sounds like the end is near when Cliff states they have no funds to devote to sales and marketing and that they are looking for someone to acquire the company.
Cash on hand as of June 30 was less than $8,000. Current liabilities were almost $2,000,000.
The market has been open almost 3 hours now and trading volume for ITOX totals $10.00. Ten dollars !
That is good indication that only a few “shills” on this board have any interest in a company that boasts primarily about nebulous NDA that seemingly have not produced any substantive revenue
Where do you get the idea or evidence that ITOX is profitable?
Thank you for your input
What is your near-term (30 day) outlook for VLD share price if earnings report and guidance on Monday are moderately positive and Fed signals on Wednesday a soon-to-be pause in interest rate hikes?
There are currently very few active posters on this board. Since April 5, I count only the following 4 “contributors:”
20stockman20 - 15 posts
scottyb - 9 posts
oregon 1 - 3 posts
scotsand - 1 post
It is interesting that VLD chose to announce earnings on Monday, May 1, just ahead of the FOMC meetings on May 2-3.
In the past, it seems VLD scheduled earnings reports for a later day in the week and a later date in the month.
Is the selection of May 1 coincidental or strategic?
Where is the annual report? It was initially due NLT March 31. They then filed a delay notice which gave the company an additional 15 days to April 15.
As Southern Gal has pointed out, there is a total lack of interest in ITOX. Today’s trades as of 2:30 EDT amounted to $535.
ITOX’ indebtedness of $660,000 for the default on the two promissory notes is the equivalent of approximately 265,000,000 shares at today’s closing price
ITOX has defaulted on a $500,000 promissory note issued in 2018 and another $50,000 note issued in 2019.
As a result of ITOX’s failure (inability?) to pay the notes (which had already been extended last year), ITOX has incurred (by the terms of the loan agreements) a 20 percent penalty. ITOX indebtedness to the holder of these two notes is now $660,000.
There are other conditions (penalties) as a result of the default. Read the filing.
That’s for sure. ITOX has never gotten started. It’s an early scratch.
I think you are right. No revenue to speak of since Cliff took over. No contracts. Just a lot of NDA that never amount to anything. No employees to speak of. It appears Cliff just operates this “business” out of his home on Cape Cod. The only positive to speak of is Kojacky and his constant pumps.
Thanks. I think (hope?) that an encouraging CPI and a VLD earnings report that equals or exceeds expectations
could elevate share price to >6 by early March. Then hopefully new highs by time of 1Q earnings report in early May.
What share price do you expect by late February just prior to ER? What do you look for after ER?
Yea
About $1,200 “invested (?)” in ITOX so far today. Not many seem to believe in the constant hype that had been going on ever since Cliff took over. All hype with no meaningful contracts and virtually no revenue.
Looks like “investors” were not impressed with the conference call. All hype again and no substance.
Contracts for what? What product or service will they be buying?
The total revenue for the first 6 months of 2022 was $16,500. So when Cliff says revenue for the 2nd half will exceed the 1st half, he hasn’t really set the bar very high. Will it be $20,000 or much more? We’ll see on Nov 30.
Don’t get too carried away. There was less than $2,000 invested in shares priced above $0.0022
Profitability was impacted by delivery of machines initially ordered by a launch customer and other pricing discounts to “early birds.” In the recent conference call
(Nov 8), the CEO and CFO indicated those orders have now been completed and that pricing and margins will now reflect list price.
There is no apparent reason for a 10% decline today, particularly in view of the announcement yesterday of Vertex buying additional machines.
It sure seems like manipulation by MM related to option expiration on Friday.
Price could look a lot different (higher) come Monday.
Dan, ITOX is down 20%. Why ?
Trading volume today was about $7,500.
I don’t think this is indicative of anyone having any news about ITOX - or frankly having much interest in ITOX
Getting close to 52-week low of $0.0022.
Will likely be in the $0.001 range soon
I suggest you look at the financials for the last 4 years and then explain why there is virtually no revenue. I don’t think ITOX has averaged $100,000 a year in revenue over the last 4 years. And you call this a “great” business with a “great” product.
That wouldn’t hardly be a viable business in Argos or Burr Oak.
What is ITOX’s “great product” that nobody seems to want?
How do you expect Cliff and Karen to get paid if they don’t dilute? ITOX does not generate enough revenue to pay their salaries without selling shares and diluting shareholders. This has been the case since the two of them came on board in 2018.
Yes, it has not taken too long to get to .0033. May well get to .0025 in the next few days. Looks like a few disciples have bailed.
Are you saying that ITOX will have positive earnings this year?
Revenue of $147,000 a year certainly does not equate with being a “profitable enterprise.”
It’s been 3 years since ITOX’ first bridge monitoring contract and this is all the revenue they can generate?
Not very promising. Just sets the stage for selling more shares and diluting the little value there is
I agree. Very undervalued. Lot of 0
potential near term catalysts. Could be $12-15 by time 3Q earnings are released.
.003 more likely
The Kevton deal is certainly good news. And there are several other likely near term catalysts such as:
. Increase in guidance by VLD
. Increase in projection by analysts
. Development of the European market
. A potential DOD contract
. Potential business from automotive
If one or more of these catalysts occur, stock price might well be $12-15 by time 3Q earnings are announced.
VLD may well be a goldmine.
Silver, thank you for providing your insight. It is appreciated.
I do hope you will continue to post from time to time as developments warrant. In recent months this board has sorely lacked meaningful content.