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Mark Leonard is a coward hiding behind Curt. Not a peep from Mark while shareholders get crushed. Curt picked Mark to be CEO so that tells you all you need to know.
This team has to dump to meet payroll while they continue to work hard for shareholders…NOT!
With this teams track record, don’t count on this being the buy of the year.
I submitted questions for December 2017 shareholder call and listened carefully. They were confident 2018 would be a breakout year that would enable them to up list.
Their record is one of broken promises. I don’t know how they are able to go more than 12 months without disclosing financials. Look at last statement and you will see massive debt.
Summer is coming to a close as we continue to wait for public news. Either way, I look forward to a conclusion of years of losses and disappointment.
I asked Curt for an update today. I also inquired about status of overdue filings. No answer about filings but this reply below tells me, after all this time, they are in full panic mode trying anything that works.
“As soon as I can publicly share the key elements of what we’re working on, we surely will. All I can tell you is that everyone continues to demonstrate perseverance, tenacity, strength and determination in keeping things moving forward. Thanks for your continued patience and support.
Curt”
Agree 110%. This is the worst POS stock I have ever owned. I regret the day I listened to the December shareholders conference call.
Any one left who believes in this management would do us justice and back up the truck so we could get out of this hell hole before it goes belly up.
RIP PVHO!
Bid down to .0039. What a joke. Believes should be loading up at these bargain prices.
In Virginia viewing area, Hearing Assist and Miracle Ear are running frequent TV ads for their hearing aids at competitive cost. They also advertise on Walmart.
Innerscope has some catching up to do. Per Matt, Kevin Harrington ads should start by the fourth quarter. I look forward to seeing them.
Accounting firms backed up was BS. Fact is no good news to report.
As I stated before, they kept us hanging on for two years on a 48K unit ATM partnership that went nowhere. Curt still has not told investors the ATM deal is dead.
Now we hear the new projects are with Coinstar. They can’t meet forecast for Toppers so I’m not sure how they can finance any other deals.
It also puzzles me why Coinstar Chief Financial Officer, who sits on Provision’s Board, offers them so little support. It the deal was so profitable, seems Coinstar would help get the ball rolling on 21K kiosk.
Look at how long Provision has been around with their amazing technology that has gone nowhere. Even Curt stepping down as CEO made no difference.
Maybe between now and Christmas PVHO will surprise me……………..GLTA!
I asked Curt this morning why he wasn’t focused more on Coinstar. To date less than 600 toppers have been deployed. Coinstar has 21K kiosk in the US alone.
Here is most of Curt’s reply today:
“..all the “new projects” are associated with Coinstar. Thanks as always, Curt”
Let’s hope this materializes before we see three zeros!
It’s like Curt’s in a boat and every time he plugs a hole two more show up. This boat is sinking fast! GLTA……
Don’t be surprised for quiet period to extend into 4th quarter with a reply back to shareholder inquires, “2020 will be our year!”
Of course, followed by “Thank you for your support.” GLTA waiting on a miracle.
I am a Veteran enrolled in the VA health care system. You are correct on eligibility requirements.
It would be helpful for INND to get on the VA vendor list for hearing aids. With INND’s low cost, this would save VA millions of dollars.
I got free hearing aids this year and they work great.
Just under 700 toppers installed so far! Wow, I recall a press release that forecast up to 4,000 in 2018. This team has a lot of catching up to do.
Hopefully their fever will soon break and show results. GLTA
Curt confirmed that they can no longer afford an investor relations firm. They are handling it in house. (That is comforting since investors are kept in the dark.)
Here is most of the email I received from Curt today:
“We’re still working feverishly on several projects and as soon as we are permitted, we’ll release some news.
We are also working on our website; thanks for the input; however, we’re handing investor relations internally these days; at least for the time being. Meanwhile, we have just under 700 stores installed with Coinstar with approximately 30 advertisers on the kiosks; they look great so far. “
KCSA is listed on Provision website. I communicated with KCSA a year ago but did not learn much. My contact was Steve Silver but he is no longer with KCSA. They asked me to reach out to Curt.
I would not be surprised to learn KCSA dropped Provision for failure to pay…. If so, Curt needs to update his website.
Currently on PVHO website:
INVESTOR RELATIONS
KCSA Strategic Communications
pvho@kcsa.com
"We are in motion on a clear path to maximize shareholder value. I'm pleased with our progress and optimistic about our future."
I hope they are right, market does not think so......
Accounting and audit: http://www.rbsmllp.com/
Investor relations: https://www.kcsa.com/
It is extremely frustrating as each month passes with no update. There is no excuse for keeping shareholders in the dark for so long.
Any kind of a progress report is the least this team can do. They could start by sharing how successful existing Toppers are preforming? How about an update on how much longer SEC filings will be delayed?
Building shareholder loyalty is not in this team’s DNA. Kind of reminds me of a stagnant cesspool. They just don’t pass the smell test!
A friend of mine contacted Dr Ian Walters most recently.
I got a message last month from Ian due to an email I sent to Greg Bailey and will follow up with Ian soon.
Kenny Soulstring, who introduced me to Portage in 2016 is also contacting Ian soon so I expect further updates.
Dr Ian Walters, new CEO of PTGEF was contacted June 27th about the lack of progress to date. I was encouraged by his reply received June 28th:
“We are working to resolve all the things that you mentioned. Please be patient, and you will see progress.”
Also, follow PTGEF progress on this link:
https://twitter.com/search?q=%24PTGEF&src=ctag
When they do communicate you can’t believe a word they say. Sad!
I’ve had numerous phone conversations with Curt and the subject of Mark Leonard came up. Curt tells me he is very happy with his decision to pick Mark as CEO.
I doubt speaking with Mark would change the direction of the company.
Ironically, Mark is still listed as an associate for the BGJ Group. Curt told me last year Mark is no longer employed by BGJ Group, yet his profile is currently listed. https://www.bgjgroup.com/associates/
Who is Mark Edwards? I don’t see him listed on Provision’s website.
Anyone else in management is aware of the dismal track record and failures of Provision. The Board is worthless.
IMO Coinstar is not impressed with revenues from Toppers. No shout out by Coinstar since agreement announced in June 2018. I was told by Coinstar customer service person Toppers were a pilot test program.
Since Prosperity Joyful ATM deal failed, Provision is desperately trying to find the next life preserver.
I also noticed the last investor presentation given was October 2017. Time for an update............
Got a reply next day. Not much new but at least he did acknowledge our frustration. Here is most of reply:
"we understand the frustration; however, we’ll be releasing news as soon as we can publicly. We are still working on several projects and can share those at the appropriate time."
It seems like they are always working on projects. Let's hope one of them finally rewards us!
I just sent Curt an email. His reply should be interesting.......
My last communications with Curt Thornton was June 4th. He told me “corporate initiatives were delayed” but they hope to issue a press release in 4 to 6 weeks. IF you can believe Curt, expect news by July 15 at the latest.
If your patience has run out with Curt, which I suspect many have, salvage what you can before they go out of business. I have already booked my initial investment so worst case for me is not realizing additional gains I had hoped for.
GLTA who hang in there based on the worst management of my investment experience.
BTW, I have have a very good track record but every now and then I come across a lemon.
When Curt stepped down as CEO, I was hopeful after 20 years some value would follow.
So far, the change hasn’t worked which leads me to believe this technology is a loser. I’m giving them a few more months before moving on.
My biggest regret was recommending this stock to friends a few years ago.
I asked Curt early last year why management isn’t buying company stock. He had no good answer, which should have been a red flag.
If CEO Mark Leonard’s salary was tied to company performance, he would be on food stamps and collecting coupons from Toppers.
If past history is any guide, in 6 weeks the goal post will be moved with another 6-week extension followed by, “we are working hard on several initiatives.”
I agree with you 100%. I fell for the sales pitch December 2017 when company held a rare investor conference call.
Furthermore, to lure more investors, from May 16 2018 press release:
“Provision expects the pace of unit installation to ramp over the balance of 2018, and reiterates its outlook for up to 4,000 units installed by the end of the year.”
As of 6/5/19 they have managed to install a grand total of 660 toppers. What a disappointment!
I too asked Mr. Thornton for information and received this reply today:
“Yes, we are delayed on a few of our corporate initiatives, however, we have been deploying toppers, and are at just about 660 installs as of today. The plan is to continue deployments in 2019. We are hoping to put out some public information over the next 4-6 weeks.”
https://www.kcsa.com/investor-relations is their IR firm. Representative was Steve Silver but he was let go after KCSA lost too many accounts.
Philp Carlson took over but good luck getting anything out of Philip. He told me in the past to wait for next filing to find out what is going on at PVHO.
Meanwhile, shareholders remain in the dark.
Hopefully on June 13th Matt will find a backer to fund his vision to become a “Global Leader in Hearing Health Care.” If successful, it would be a strong vote of confidence.
My concern, there have been too many delays that begin to show a pattern.
January tweet that tinnitus test results expected in second or third quarter. Latest tweet says it’s expected end of year.
ASA partnership announced in February but ad on ASA website delayed by three months, a concern expressed by ASA CEO.
Store openings delayed by several months. IMO, permits should have been cleared before raising expectations.
Perhaps with the right backing and support, these problems will go away.
It shows me Curt was so desperate to put good news out that he failed to do DD on Harold Jahn. I’m hoping he learned from this experience will do a better job for shareholders in the future.
Honestly, I have no idea if or when Provision will be successful. I was encouraged by the 2M loan they got from an overseas investor. I’m willing to wait it out at my cost basis of .004.
After several delays by Prosperity, I spoke to owner of Genmega. He told me Harold had inquired about ATM information but that Harold never got back to him and there was no contract signed.
I also spoke by email and phone with Harold Jahn. Harold told me last year he already had ATM’s in the field being tested. He said more would be deployed at end of 2018 and he would personally notify me when that happened. Nothing but crickets since first of year.
When I questioned Curt about Harold Jahn and Prosperity, Curt told me Harold was an investor in Provision. Curt also confirmed my assertion that the business address used on Prosperity website was not valid. (I called owners of address in Utah and was told by the law firm they did not know Harold Jahn.) Harold says he is a wealthy businessman yet I cannot find much on his business success on line.
There is no value in asking Curt for information. I have emails from January telling me the 10-Q was delayed because lawyers and auditors were backed up. Since we are headed into June, that excuse does not hold up IMO.
Any thoughts about decision to move earnings date up a week from previously announced June 5th to May 29 before market opens?
Hard to put out good news when there is not much progress to report. They are working on new initiatives but until one materializes, I expect the silent treatment to continue.
It's odd that Coinstar’s website has no customer feedback about Provision since initial press release June 5, 2018. Coinstar is not promoting Provision’s success.
Coinme, however, which sells Bitcoin on Coinstar machines, has Coinstar updates on Jan 17, April 24 and May 22, 2019. Bitcoin is very popular for Coinstar as evident of press release updates.
https://www.coinstar.com/in-the-news
IMHO, the silence from managements means they have NO good news to report. They continue to struggle to be turn a profit. They put so much effort into Joyful ATM partnership without doing DD about the owner of Prosperity Investments, Harold Jahn. What a joke and a major disappointment he turned out to be. Had responsible management done DD, they would have walked away from Prosperity.
Now, PVHO management is desperately trying to fill the void with good news. Hard to due with massive debt while splitting 50% of profits with Coinstar.
If the relationship was going so well for Coinstar, one would think they would put in a good word on their website. Better yet, why not help PVHO deploy Toppers to speed up their share of profits?
Fortunately, I sold most of my position on the last major spike. This left me with a small position in the event management can pull a major comeback.
Good luck to all who continue to hang in there while being disrespected by management.
New investor here. Turnaround plan and CEO incentives based on stock performance sounds like a recipe for success. Started a position Friday.