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Laugh now and cry later. Based on the Q1 report, no way profitable. Just another BS story from the management.
Sales, Marketing, and Admin costs are too high based on their Revs. If the same ratio continues, there is no way they can attain profitability.
Correction on call number is 1-877-344-7529.
Tried to access playback of CC. 1-855-669-9658 for Canada and reference Conference ID: 10118224. The replay will be available shortly after the end of the conference call.
It's expired. Now isn't that interesting? Note, I tried to access from two different numbers.
I think you should look at how much much he actually put in (approx. $680K) and how much he has received. Most of his stock was given to him.
I'm glad you believe net profitable is the most important. I always thought profitability had to do with a positive/share. However, I must have everything wrong and a negative (loss/share) is more important. I hope you have many shares of stock with losses/share. I'm sure you're very wealthy now.
It only affects him in the short run. All he has to do is award himself more stock as he did in the past. How much award would you get? A RS actually improves his overall position when he awards himself more stock along with his buddies and the board.
I think more will come out relating to RS during the conference call. One way or another, he will do a RS but not sure when during 2018. Probably the same time share holders find out INNV can't be profitable.
As for Q2 revs, I believe they will be less than $3.5M.
The only thing we will learn from Q1 is their total expenses and what the loss/share is. I'm assuming about the same but it will be based on a greater number of shares.
Let's discuss after Q1 reporting. Very interested to see total expenses and loss/share.
Here's something to think about. Over 20% of Revs going to 3 people? That's a bit high?
I don't think this turd will move up much until Dr. Da can demonstrate his ability to live up to his claims and not spew BS relating to revs, time lines, etc. The most critical being Profitability and I don't see that happening anytime within the next 4-6 months.
HC, I don't like it either. The pay and bonus for the 3 is way to high based on not being profitable and not reaching goals in 2017. Starting to look like a piggy bank for management like a number of other OTC stocks. I guess when they want another bonus and raise, they can do their RS and get money for lack of meeting goals.
What happened to his profitability statement? Obviously it didn't happen by end of 2017 and according to Dr. Da he hopes it will happen sometime in 2018?
It's all going to depend on the total expenses and their ability to achieve profitability. Frankly, I give the profitability in 2018 a 40% chance of happening based on Dr. Da's past estimates and forecasts.
How simple is that math and they screwed that up?. I understand them being more than Amazon. That is normal. You don't want to be a strong competitor with your distributors.
INNV's fuzzy math.
That's an opinion and not a fact. It still has to be seen.
Approximately 22% of total revs are split between 3 people. Think about that nonsense.
Dr. Da's piggy bank and what a piggy.
Dd- you have made two statements which are false and can be proven false.
First one is they are profitable. I had asked you to show me where you found that. Please indicate what quarter they showed a profit within the last 3 years.
The second is that Dr. Da hasn't stated he would do a reverse split when it makes sense so he can get listed. Prove that is wrong.
It is true. You obviously don't listen to his conference calls. He has stated more than once he would do a reverse split when the stock price was high enough to get listed on an exchange. Try to listen to one of them.
You are correct but that is what he wants to do when the stock is higher to get NASDAQ listing. He likes reverse splits.
Actually I hope you stick around. It would be more fun to rub it in if it doesn't. However, remember when Dr. Da stated a RS when it makes sense? I doubt he would let it get to $1.00 because too many sellers. I'd say his RS will come around 0.80.
Part of my fun time
Don't forget your promise to leave if it doesn't!!!
Who said anything about going to prison? I believe that is your comment/belief.
Stick to the story line and quit the ad-lib BS.
The past shows tendencies. If someone *not singling out anyone in particular) continually misrepresents facts or future events, would anyone continually believe that person will be right the next time just because they say something new? If anyone one believes that, then they are naive.
The Q1 revs from Dr. Da didn't do much to support the stock. I'd say someone knows something.
I believe Dr. Da won't make a mistake this time of overstating revs. The market, I'm sure also feels that way. What is unknown is the total expense for the Q. That is the wild card. This is the highest I've seen the short interest over the last 5 trading days. That should be of great concern.
Thank you Learn/ing. I do hope you're right for everyone's sake. If what people post, the've put in a fair amount of additional money. Some of which are just BS.
The market sentiment on INNV and management is still not very good.
People who reference these charts have been wrong over 80% of the time. Q1 is already understood and the market isn't impressed. I believe there will be something significant on the negative which will keep the stock low. However, since the revs are already out there, maybe there might be something good relating to further decline in total expenses (but doubtful).
If you feel you should again average down then load up. When Dr. Da stated expect to be profitable sometime in 2018, that raised a red flag since it is nothing more than profitable by end of Q4 2017.
Then why have they had a number of CFO's?
Did you read his resume? This is a promotion for him (CFO/VP). It looks good on a resume. Almost all companies offer some type of stock or retirement program.
I think you are a little anxious to show the stock is worth something. The CFO title is worth more than the stock at this time. The stock has no guarantees but the title does up his qualifications. Don't forget how many CFO's this company has had. The previous certainly didn't see any advantages.
Dd- those shares were given to him by the company. What did you mean by that kind of ownership? Please note, he didn't pay a dime for them. Also, why would it be confidence inspiring when there was no cost?
Dd, I like your enthusiasm but that was one of Dr. Da' goals to be profitable by end of 2017. He mentioned that in two of his statements. Of course it didn't happen. Then during his Q4 conference call, he stated he hoped to be profitable sometime in 2018. This is is typical way of keeping people hoping and not producing. Safe Harbor has saved his arse.
I also base their performance on SP. This stock had gone from 0.12 in 2016 to 0.66. Then Dr. Da was personally responsible in driving the stock down to sub 0.10 with his dilution and missed targets.
I would like to see him achieve what he states more than just one time (not talking about his product launches.
Please show me where they are profitable. Their Q's show they are not profitable.
Please send your link you used for saying they are profitable.
I agree on your comments. I personally hate Wall Street. I put them up there with lawyers. Both can destroy a country and economies. Ford is a good example of Wall Street not liking a company. Because they wouldn't layoff a significant percentage of their white collare (engineers, etc.), they were on Wall Street's Sh#t list.
However, I don't think people invest in penny stocks not to make money. So share price is the only way we can judge. The MM's and Traders will make their money no matter which way the stock goes. Bulls make money, Bears make money, but Hogs get slaughtered.
I still have my 200K shares but won't buy anymore of this stock. I believe Q2 is going to be the most important quarter. Q1 is already a given. Q2 is a wild card in which we don't know revs and a lot of expenses will be coming out (which could have a significant effect on the SP). The raises and bonus's should have been announced at the end of the year based on profitability. Dr. Da was acting like a kid in a candy store and that money could have been put to better use. Again, Dr. Da needs to prove he can bring this company to profitability and it won't happen with pay raises and bonus money paid out.
Dr. Da has stated a minimum of two times during the conference calls he would do a RS when it made since to get up listed. Now would he do a RS to get more money to continue? My feeling is absolutely.
Again the SP reflects the sentiment of the market.
Do you have the link to the vote on the BOD meeting. I'd like to see that vote.
If it is true, that's why Dr. Da gave himself a raise and bonus because he knew he could raise more money with an RS.
I have stated Dr. Da has rarely met most of his claims when it comes to revs.
I'm sure feel your shortsightedness will be rewarded (not). Whose lying? I've stated facts based on his past claims and ineffectiveness of meeting those claims. I'm glad your so happy about a price of 0.136 and you certainly don't care about the 0.60 it was before he started missing his claims and targets. I'm glad you like the dilution. I'm glad you like the big raise an bonus they took based on one Q performance.
I'm glad you are so easily pleased.
Let's wait and see what happens in Q2 and Q3. Maybe another hurricane?
Seems like the market doesn't agree with the pumpers. I believe what hurt the company SP was the fact as soon as the warrants were exercised he gave himself and others a raise and bonus. He also moved out his target date for profitability or whatever he called it to sometime during 2018 from end of 2017 (like this hasn't happened on a lot of his forecasts, etc.).
How can anyone expect the SP to go up? I think too many people on this board are counting chickens before they hatch.
You can talk about how this stock is going to make a huge run but none of the traders/MM's seem to believe it. Again, Dr. Da has to prove himself on being able to generate a profit and not more debt/losses. Please don't tell me his loss was reduced. The primary reason for reduction in loss/share was the continued increase in outstanding shares.
Show me the BEEF!!!!!! I don't care about the BULL!!!!!