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Hmm...For some reason TD Ameritrade shows a notice that earnings are coming out today for AVCO but looks like they are not due out till August...
Yes...closed at 13.35.
Expecting some kind of news any day now...
Hold tight!!
Good morning Quintessence!
Yes, absolutely...nice little gap up for AVCO this morning on the PR! Will see if they can keep the gap open. Earnings come out after the close tomorrow - Tuesday afternoon. Very long term hold for me but nice to see the beginnings of an upward trend that I felt strongly would come. Once we close above the 2.25 resistance area we should be heading much higher in my opinion...
Good morning Prfmf1....The recent tight coiling price action on PROF is telling me we are going to be getting an upward breakout sooner rather than later in my opinion...will see what this week brings.
PROF is just backing and filling...coiling sideways. The longer the sideways daily action continues like this the bigger the next trend up will be IMHO.
Knowing what is going on with this company it's not a matter of IF this stock is going to make a big move up...it's just a matter of WHEN.
Be patient and hold tight!!
Condors rugby....congratulations on G*NUS! The chart for that is a thing of beauty..lol...proof that all of us here in penny land are not completely crazy doing in what we do...ITOX is a work in progress...it is crucial that Cliff makes the 10-K happen by the 15th of this month and that it show some kind of progress...ITOX could also soar over time...best of luck here!
Yup...sounds like this stock is not for you...bub-bye!
Mr. Timing101 don't forget that it says:
"As for management salary, it should be noted that throughout 2019, all management compensation was accrued and the executive team received no pay during that period. Given the tight cash flow and current balance sheet, the entire executive team is contemplating forgiveness of accrued and unpaid salary, which will be formally announced in a Form 8-K, once agreements are entered into."
Ask yourself when they have restricted shares that they could use to pay themselves...WHY WOULD THEY NOT PAY THEMSELVES THROUGH DILUTION? BECAUSE THEY BELIEVE IN THE COMPANY THAT'S WHY!! These are Fortune 500 types that are used to making 200k or more a year...they are willing to wait for something much better...
***NEWS NEWS NEWS NEWS***
Due to circumstances stemming from the COVID-19 pandemic, IIOT-OXYS, Inc. 's leadership, legal, accounting, and audit teams determined that the company's 2019 SEC 10-K filing would be delayed beyond the current deadline of May 29, 2020 . Mr. Emmons stated, "Our team has targeted mid-June to file, and is doing everything it can to file as early as possible."
"We understand our shareholders have been patient for information since our last filing, so we've included in this press release a list of answers to Frequently Asked Questions (FAQs) from our shareholders," stated Mr. Emmons .
FAQs:
Please provide an update to the Company's business activity since your last filing.
Answer: Due to tight cash flow in Q4 2019 and Q1 2020, the Company focused on its current customers and their ongoing projects. This included successfully completing a pilot program with its Fortune 500 Pharma company, and continuing its bridge monitoring pilot for a New England state's DOT. Since signing a collaboration agreement with Aingura IIoT, S.L . in March 2020 , the Company and its partner are preparing combined use cases to renew engagements with all of the Company's earlier prospects. The Company expects to close new business with both its previous customers and prospects throughout forthcoming quarters of 2020.
Please comment on market cap, dilution, and management salary over current management's tenure.
Answer: It is company policy not to directly discuss PPS and market cap, because our management team focuses on executing and growing the Company's business. It should be noted that the stock was and continues to be volatile, both prior to and since current management came on board in mid-2018, and basing the Company's value on market cap is not accurate given that volatility. The Company has warned in its risk factor disclosure of the volatility of its share price. With respect to dilution, we recently disclosed shares issued and outstanding in a recent filing on Form 8-K, and we will continue to keep shareholders informed on this matter. As for management salary, it should be noted that throughout 2019, all management compensation was accrued and the executive team received no pay during that period. Given the tight cash flow and current balance sheet, the entire executive team is contemplating forgiveness of accrued and unpaid salary, which will be formally announced in a Form 8-K, once agreements are entered into.
Please comment on Company communications and its website.
Answer: As noted above, tight cash flow in Q4 2019 and Q1 2020 made it difficult to issue Press Releases. We've been addressing the more pressing issues with our website, for example, updating our contact phone number. Management asks for your patience in addressing your other concerns with our website.
Forward-Looking Statements
This news release contains forward-looking statements that reflect Management's current views about future events and financial performance. Forward-looking statements often contain words such as ''expects,'' ''anticipates,'' ''intends,'' or ''believes.'' Our forward-looking statements are subject to a number of risks and uncertainties that may cause actual results and events to differ materially from those projected in the forward-looking statements. Risks and uncertainties that could adversely affect us include, without limitation, the loss of major customers, our failure to obtain new contracts, our inability to patent products or processes, our infringement of patents held by others, our inability to finance our business and the other risks and uncertainties that are discussed in our most recent filings with the Securities and Exchange Commission . The forward-looking statements in this news release are made only as of the date of this news release. We undertake no obligation to update our forward-looking statements, whether as a result of new information, future events or otherwise.
About Us
IIOT-OXYS, Inc. is a technology company at the intersection of IIoT, AI & Machine Learning, Edge Computing and Manufacturing Operations. We provide actionable mission-critical insights for the Medical/Pharmaceutical, Manufacturing, Agriculture, Defense, and Structural Health , and other industries. IIOT-OXYS, Inc. edge computing open-source hardware and proprietary ML algorithms employ our Minimally-Invasive Load Monitoring (MILM) technology to simply gather data and gain insights to monitor, scope, move from preventive to predictive maintenance, and even optimize development and manufacturing processes. For additional information visit www.oxyscorp.com
CONTACT:
Clifford L. Emmons CEO IIOT-OXYS, Inc. contact@oxyscorp.com www.oxyscorp.com
SOURCE: IIOT-OXYS, Inc.
View source version on accesswire.com: https://www.accesswire.com/591861/IIOT-OXYS-Inc-Provides-Business-and-SEC-Form-10-K-Filing-Update
Well the post below this confirms it...again!
I see my man is out making his early morning rounds. The last time he gave us his little warning we had a great day! Well… we are going to have another great day today! He is starting to become a lucky charm....Luv this guy!!
Significant DD uncovered under experience listed in Linkedin of Antony Coufal the CTO of ITOX.
https://www.linkedin.com/in/acoufal/
I put my comments in red
Experience
Chief Technology Officer & Evangelist
IIoT-Oxys
Apr 2018 – Present - 2 yrs 2 mos
Cambridge, MA
- Co-created patent-pending AI powered anomaly detection system for complex industrial manufacturing systems facilitating Industry 4.0.
- Developed over 30 active prospects with large scale manufacturing operations and yearly revenues ranging from 4 to 400 billion dollars.
Huge if we can just land a couple of these
- Personally installed AI based analytics system including all sensors, data collection/analytics and power equipment in large scale manufacturing operations for a global Biotech company in Japan and top 3 Automotive manufacturer in Detroit.
Some possibilities for Japanese global Biotech companies could be: Takeda, Astellas, Daiichi Sankyo, Eisai, Otsuka, Mitsubishi Tanabe, Chugai, Shionogi, Kyowa Hakko Kirin, Dainippon Sumitomo.
The top 3 Automotive manufacturers in Detroit most know are: General Motors, Ford, and Fiat Chrysler
- Led and participated in installation of solar powered LTE connected AI based analytics system on 3 bridges in MA to provide intelligent structural health monitoring. Okay...now we know more details about the bridges. The DOT they are working with is the DOT of Massachusetts. We should expect to be getting the results from this soon.
- Directly managed R&D team of AI and software developers, subject matter experts, electrical and mechanical engineers, and computer scientists to develop Oxys' Intelligent Edge Solution.
It sounds like Anthony is the brains behind the ITOX's Intelligent Edge Solution software.
- Public speaker on Blockchain, AI, IIot, Edge Computing and Industry 4.0 at several MIT events, PTC's LiveWorx19, and other venues.
---------
My quick take away is Anthony's listed experience while working at ITOX gives us a more detailed look into what ITOX is doing. I like what I see...
----------
----------
Anthony is the CTO of ITOX
The COO of ITOX is Karen McNemar and she is no slouch either. We forget that she too came from Medtronics and had been working for Covidien when Medtronics bought them out in 2014 for the tidy little sum of 42.9 billion. She worked at Covidien/Medtronics for a total of 9 years before she started at ITOX in July of 2018. When she left Medtronics she was a Senior Director of R&D Operations. Her Linkedin resume is here: https://www.linkedin.com/in/karen-mcnemar/
You have to ask why would these highly successful people who could all be working for Fortune 500 companies each making a couple hundred thousand a year minimum stick around with little Oxys-ITOX? Why?? Because they plan to use all their skills and connections to turn ITOX into a very successful company that they can sell for big $$$ someday too ...again, I like what I see here!
Exactly! Just look at the On Balance Volume indicator OBV to confirm that!
10-K and probably news coming out tomorrow...we are set to launch!!
Testing the recent breakout at a logical level....check
Shaking out the weak hands......check
Waiting on tomorrow's news/10-K....check
Ready to RocknRoll.....check
Tomorrow/Saturday for the 10-K...June 29th for the quarterly.
Yes... it is a little confusing..lol
That is what I understand...correct.
June 29th is for the quarterly..not the annual 10-K
From what I understand 10-K is due tomorrow...or possibly Saturday.
The NT 10-K that the company issued on May 15th said 15 calendar days or sooner (if I understand it correctly) from that date and that would put us at this Saturday the 30th...but I am guessing it would come out tomorrow...most likely in the morning.
Exactly...those who know the DD of ITOX will remain long and strong for quite awhile...there will be plenty of small retracements to buy more going forward is my guess...
Congrats on the sale first of all!! That's awesome!
Whose to say but you may get lucky as once price pushes above the 50 day EMA in a meaningful way it will often come back down and test the 50 EMA before price heads to the moon...again who knows but that could be next week after you get your commission check...good luck!
Yes thanks...I follow TJ Roberts from Seeking Alpha...another excellent well researched article written by him yesterday.
Hi janeyH...yes...in fact I would say we just went through one of those "crazy dips" areas and are primed for our next move up.
If you look at last Thursday's price action, 5/21/20, it was a strong down day taking out stop losses under the support formed in recent weeks right around 12.00. The next day you had an inside bar ending the downward movement and now we have just pushed up above the all important 50 day EMA.
I would say it's time to buy more PROF right now lol...
Again...I am very long term on this and the fundamentals are so solid here that I see each dip as a place to buy more until we are truly off and running...
Welcome Higgins12686 to the board..
If this is your first penny stock...you found a good one IMO. Being new to ITOX I would suggest you go to the top of this board to the yellow sticky posts and you will find a post that says "***ITOX DD PACKAGE***". There is a lot of info about all things ITOX right there and just work your way down through it.
Most people on this board including me are long ITOX and will tell you there is very good potential for this stock to answer your question. Most of us are here because of who the management is and their connections, the technology they are involved in and the favorable share structure of the company....however it's anyone's guess exactly how far up price will go and when it will get there..
Best of luck!
It was a good find!
That and much much more good stuff on ITOX can all be found at the top of the board in the sticky
“***ITOX DD PACKAGE ***“
Well that was fun...
To think it was just me and the wizard trading genius TrendTrade2016 who had the board all to our selves this early morning.
Nice orderly climb these past two days. If no news comes out I would not be shocked if we dip back down and test the breakout around .0175...this would also shake all the weak hands out...but who knows what it will do and if news comes out between now and market open tomorrow then all bets are off the table..
If you understand the DD here you will just sit on your hands and do nothing and let the money come in...
Go ITOX!!
janeyH couldn’t agree more...sit on it for years and don’t touch it!!
Sounds good...thank you!
Fair enough...point out another current CEO at another OTC company under 3-cents who was "one of a great many Vice Presidents" of a Fortune 500 Company. I would say ole Cliff is quite unique.
Regardless, Cliff Emmon's resume speaks for itself...look at what he accomplished at Medtronics.
...and who cares...look at what's happening with ITOX's price right now!!
What once was solid resistance... the 50 day EMA may now be proving to be solid support with the 50 EMA now at .0172...notice where the low got to on the open....will see if price stays above it.
Thanks for the heads up Prfmf1...
Will the webinar be something we can log into on their website?
PROF...what a gem of a little stock. Incredible find at this current price...Most don't know it yet but this little company is going to change the way men all over the world treat their enlarged prostates and prostate cancer. Already through trials and FDA approved and just starting to emerge into the USA. Once we get the green light on insurance this will start to make its move. Back the truck up on this one...
IF...we get news it should come between 8-8:30AM NYC time.
Our CEO has a history of putting out PRs around those times.
No matter what happens will be watching to see if we can hold above the .0170 area where the 50 day EMA is...
Well the post below this confirms it...
We are goingIng to have a GREAT day here at ITOX!!!
ITOX, CEO Cliff Emmons Resume with Medtronics
https://www.linkedin.com/in/cliff-emmons/
I have posted this before but for the new traders/investors here today I wanted you to see the quality of the CEO we have with Cliff Emmons. This is the kind of guy that has the brains and the connections to take ITOX to the next level. OTC stocks are few and far between that have a previous Fortune 500 company VP running the show.
Also do not forget to look at the ***ITOX DD PACKAGE*** sticky at the top of the board if you are doing DD.
2005 – 2010
Director, Engineering Services
North Haven, CT
Led a multi-disciplined team using internal and external resources to provide Industrial Design, Rapid Prototyping, and Pilot Tooling services to global development teams. Leveraged Indian Engineering Service Providers (ESPs) to augment capabilities of global R&D teams, earning the inagural Covidien Emerging Markets Innovation Award. Led a cross-functional team that developed the first "local for local" product for the emerging markets leveraging Indian ESPs. Partnered with an internal team and McKinsey & Co. consultants to secure BOD approved funding to establish Covidien's China R&D and India engineering centers.
2010 – 2013
Vice President, Tailored Products - Emerging Markets
Singapore
Envisioned and established a greenfield R&D center in Shanghai, specifically created for localized ("tailored") products for the emerging markets. Vetted and hired the initial local (Chinese National) director-level leaders. Rapidly led technology transfer from global R&D to nascent China teams. Worked with CTO to hire and partner with a Chinese National (repatriated) as VP China R&D of the Shanghai site. Launched the first products from center within first year of operation. Established the initial product portfolio that resulted in more than a dozen products launched within five years with multi-million USD annual revenue growing at double digit rates.
2013 – 2017
Vice President Extended R&D MITG
Mansfield, MA
Created and led extended R&D teams collocated at Medtronic Innovation Centers (MICs) based in Seoul & Osong, South Korea; Istanbul, Turkey; and Sao Paulo, Brazil. Designed, built, equipped, and commissioned all three R&D labs, elevating training facilities to innovation centers. Envisioned group charter, hired, trained, and coached the leaders and staff - creating effective "extended" team members for global development teams. Through deep "voice of customer" skills and technology scouting, developed a robust "bullpen" of projects for the global and localized product portfolios.
2015 – 2017
Vice President, R&D India & Extended Emerging Markets
Mansfield, MA, USA
Reported to the President of the Patient Monitoring & Recovery (PMR) business unit, chaired the PMR R&D Council, instituted operating principles resulting in visibility and accountabilty of R&D projects, and unlocked funding for critical new projects.
Led the Medtronic Engineering & Innovation Center (MEIC) in Hyderabad, India for the Minimally Invasive Therapies Group (formerly Covidien), with over 200 engineers. Continued responsibility for the extended emerging markets R&D teams. Transformed MEIC from a pure Engineering Services team to a full-fledged R&D center, including launching the center's first PMA (Class 3) device, and bringing team morale to an all-time high.
Closing above the 50 day EMA should put us in a lot of scanners tonight.
Of course if news comes out tonight/morning we might be on another planet by this time tomorrow.
Congrats to all us ITOX longs who have sat here for what seems like an eternity to see today happen!! We know we have something special here.
In Cliff we trust!!
Go ITOX!!!!!!!
We are breaking above the 50EMA....yeah baby!!
Crickets so far...
Someone bought a boat load in the last minute though...
U bet! Hang on for the ride Mr. Timing101!!
We may still see the 10-K after the close...
From the March 27th 8-K:
"The Company will file its Annual Report by no later than May 14, 2020, which is 45 days after the original due date of its Annual Report."
We are about to find out...
Could not agree more...appreciate the insights and DD you bring to this board Timing101...I admit it is a little odd that we heard nothing from them before the bell this morning but these are strange times. Like you said anyone who has taken the time to look a little deeper into ITOX knows how solid this management team is and how dedicated they are to growing this company. They are not suddenly going to abandon ship. Heck, I even mentioned in a post that I walked around their parking lot in Cambridge...someone is upstairs in those offices working.
The other thing that strikes me is how steady price is right now...I feel if something were amiss behind the scenes price would be heading steadily down. It's not...in fact it is quite steady between .013 and .0087. Nice platform to blast off from IMO. We will hear something soon enough...