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Can we have another 270% revenue increase in 2008, please.
Fun and interesting with compound interest again... from half a penny to get back to pre-split levels, if we can get 20% increase day after day for 20 days, we can to 20 cents a share. Cool, isn't it?
If managements deliver good revenues and does a successful debt refinancing operation, why not! And, further!
Because it would be a overdue recognition of INRA revenue performance and no leash.
Things sound better inside the 'real deal', I mean Coroware by that. I like to see the direction, with an exception.
Like realtors famous saying 'location location location'... I emphisize on 'Cornell..Cornell..Cornell'!!!
Without clarity on current debenture based debt financing, I think this stock cannot bail out for better values. If this thing is fixed along with continiously better results, I have no doubt to see or better pre-split price levels.
I am extremely cautious if we will see this. However, when I think about if we get to that point, from half a penny to 20 cents... how many companies can give such a return in the stock market, honestly?! I think, rise of INRA would be unstopable if this happens.
I think, we have a year to go based on current accelaration of Coroware's business, unless something substantially bigger comes up in the meanwhile.
Given what we went through in last one year, I am happy overall for the direction, though.
j-t, check this out.
I agree with your recent post in terms of the current outlook about what major changes for such small robotics company went through.
It is a simple number, the share price but has many complex variables to get there. Regardless of 'current market' valuation for such companies, just considering last year's share price, total outstanding shares and revenues, then applying all this to today's Innova, only if Cornell debt and any future share dumping threat is completely gone, I am -personally- estimating INRA share price should be in range of $0.15-0.19 and gradually go up as/if revenues as well as trust improve.
Yes, robotics has future but does Innova have any? In fact, it is Coroware practically. I would say, yes I do think so. I am basing this on many things Coroware has in this field. If anyone in this board has met Lloyd in person can have good extent of confidence about his passion and credentials in the field, as well as his business acumen. I personally know, no matter how small a company can be, things in business from operations to financial matters dont change to be better over night. Plus, Lloyd was not groomed to be a CEO originally, so he must be adjusting to his new role while trying to fix fundemental things for the long term benefits of this company and the shareholders. Remember, Lloyd and others have stakes in this company, which makes me think if they serve to their well being only, this is enough motivation for good things ahead. Having met and spent some time with him last summer during a show and knowing he is the CEO of this company, my trust to future of Innova/Coroware from credibility standpoint is many times higher than Walt times (sorry Walt, but it was obvious that you had lost the grasp)
The thing for INRA is that for many of us on this board who bought this about +/-2 years ago, thought we would get a good return on our investment and bought between 10-20 cents levels. Now irony is, we will be able get an 'excellent' return if we buy it at these levels if INRA reach to our original levels we invested in 2 years ago!!!
I guess so. That's exactly like that until one day 'if' we wake up to 'Cornell is gone' news. That is when I would love to see a few hundred percent jump, then steady climb to at least where it was a year ago, which is 25 cents a share despite lousy revenues of then! (annual $600K vs approx $4M currently)
Now, THANKS to Coroware, annual revenues -including the 4th 2007- should be around $4+ million. Although, number of share are diluted about 50% since then, but considering the steady and significant increase in revenues justifies in my opinion to expect more than 25 cents a share when/if frigging Cornell is no longer being a threat to value of this company.
This is of course based on current revenue stream and operations, not including if a consirable contract received from a major company or goverment department.
Yes and certainly but no flying until Cornell completely out of the picture.
Another strong quarterly results (last Q of 2007) should/will help though, but again Cornell being in the equation, INRA, therefore us, will suffer.
Can we get at least 5 more days at this rate, please? PLEASE!
:))
Harry, even though sometimes your posts were so amusing, I see you as flavor of our INRA board. Keep it coming.
I think, me and others have way of filtering what's the essense in your posts.
Regards..
Harry, you know well that you dont have too much credit on this board becase of your inconsistent messages in the past. Whether you care or not, you need to gain respect depending on honesty or the basis of your posts here. What you have been saying here lately about a meeting and Lloyd last visit in Ft.Myers better make you sleep well at night.
Having said that, I agree with you and concur what you say about Lloyds intentions to make company profitable and he also tries hard to get a proper financing for company's debt.
I was big fan of this stock in the beginning. If they can manage to get out of this mess, in terms of what this company is engaged to do, I can have my excitement back. However, the mess inherited from especially Walt, Ken and deceased CEO is something that seems to will take time, particularly for Cornell debt and leaving it in history.
Unless a pleasant surprise lands, it seems to me 2008 will be a progress making year for the company and sometime in 2009 will the year INRA will be Cornell-free, therefore, an investable stock again... should everything goes according to plan. Until then, I am not selling even a single share but I am not buying any new shares either regardless of todays prices.
Any idea, if this military contract possibility you mentioned has started when Ashcroft was our lobbying firm?
By the way, I suppose they are not anymore, but last time I had checked their website couple of months ago, Innova was still listed as client!!!
I dont have anything to oppose to most written and said lately.
I also hear that they (management) are trying hard to get alternative debt financing to keep this lousy Cornell thing out of company's all current dealings once and all. It may be soon or a while to close a deal, ideally with a bank.
I really do hope that we all see a day that an announcement of Cornell being completely gone. I would like to be around when that happens to buy more shares. Until then, this has been a terrible terrible nightmare.
A very strange day! Both a tragic and comical price change! 40% down, 40% in hours! Volume increase is worth the attention, especially if it proves like this in following days.
I am glad that Walt era is over and behind us. I think, he was not a realist. Now, it is all about well respected, business savvy team of people assembled around Coroware. No napitism, no hype, no pipe dreams.
Whats for us? On one side it is patiance and the other is active involvement as shareholders to let them know constructively how we think they do.
I had seen this chart before when someone had posted here a while back. Until I saw such list, I was never sure about the amount owed to Cornell/Yorkville, therefore the affordability of loan obligation considering current and potential revenues.
As reported in 2007, if annual revenues can be sustained in min of $3-4 million a year, though it is not a good situation but I would not be too disturbed to see $10M debt for the time being as long as revenues are there to absorb it.
As I have been emphasizing here many times, no matter how much revenues promise to carry such debt, I personally see/wish two things to happen: 1-Innova/Coroware financially successful, 2-Cornell/Yorkville debt to be paid off asap, at least refinanced through a TRUSTED financing institution that has good records.
I personally have more trust than before in Innova/Coroware as far as honesty, core business expertise, business acumen of the management currently in charge. Of course, this is topped with strong positioning at Microsoft and its Robotics Studios, exposure to other robotics related companies and clients, highly respected academic platforms, etc etc.
Bottom line priority: Get rid of Cornell/Yorkville debt. (I really do hope that management realizes how big problem to be associated with them and already make serious efforts to change this situation)
It will be like finally having clean, safe drinking water to start rehealing process. :))
Have a good week everyone.
The excerpt you highlighted, I am guessing though, may be a standard text or warning regardless of the value stock that filing company has to include. Otherwise, frankly, I am not too certain about this rule of short selling applies to only us the individual investors or if there are exceptions such as institutions, funds, market makers can short sell stocks under $5 a share as well as otc, pk stocks.
which reminds me one famous Wall St. saying, bulls and bears make money but pigs dont. For those selling currently low volume but high potential stock like INRA for a few dollars take a different mindset, imo. I am in this either to lose all or have the return I am expecting. Take your time INRA, but please not as much as a decade. :))
you cant short pk, ob stocks (as far as I know) Secondly, if anyone manage to buy-sell-and make 'decent' make money in current INRA based on these volume, please dont even think twice, be our guest.
It is an intereseting outlook folks, with good and bad in same picture. Hopefully, only good prevails. I agree too that the absolute profile of leaders currently in Innova, Coroware rather, is very promising, somewhat assuring. They are motivated, respected, people with good intentions and credentials coming from the actual business what this company is in. Also considering the potential reasons based on their age and background, I cant stop suspecting (hoping in our case) why they would be on board otherwise. On the ugly side though, Cornell/Yorkville debt and either them or someoneelse, company should deal with that mysterious INRA dumper/hater. (yes, so obvious, everytime some momentum builds, boom.. someone hitting on sell button)
Although no doubt that sooner is better, I personally have time to see INRA's unstoppable comeback. But, this cant be without long awaited long list of things, i.e. sizable contract, project involvement, good sales, clarity on O/S stocks, building trust and clear communication with shareholders and others on the lookout.
Strange!
I reviewed the filing but did not read it throughly. I found following clause interesting (as in page 6):
"Under the Purchase Agreement, we also issued to Cornell five-year warrants to purchase 1,000,000 and 1,500,000 shares of common stock at a price equal to $0.50 and $1.00, respectively, together with three-year warrants to purchase 2,300,000, 2,000,000 and 2,500,000 shares of common stock at a price equal to $0.25, $0.65 and $0.75, respectively."
Do I understand wrong or missing something? I understand that Cornell agreeed to purchase share at those stated prices at their option. Does this mean that company estimates within 3 year timeframe, its stocks to go even over 75 cents!?!?!
Thanks RobMon for posting the link. It is assuring to show so many here that this is a real company with serious intention to mean business.
I am hoping to see soon the hiring announcement of both, a new (healthy & focused) CEO and new CFO.
I also hope that their, even including Lloyds now, one of the top priorities should be what to do on current loan structure. I am looking forward to see fundemantal change and transparancy on this. If this gets done, this stock will be unleashed, at least back to where it was a year ago.
As you exactly say, he is 'former', dear Spin! Move on...
Excellent response to blindly nay sayers. Thanks.
Hello upanddown. I was wondering how you knew of this company and what you think of personally of its future other than what we post on the board. Would you like to discuss this off the board? If you'd like you may call at my work number 847 575-1926. Thanks. Good luck.
Who is clown? I think, it is obvious, isn't it!
If this company is worth nothing, have no upside potential at all, why do you keep coming back months after months to this board and waste your valuable time, sir?
A typical 'investor' behaviour is not to invest money, is also to invest time for things that will provide a return. Anything less/unqualified is not worth of an effort. Same thing on my end and I am sure many reading or posting on this board. If we did not believe INRA has no potential, you would not expect an investor even bothering to entertain continue to come back. I would either sleep on it or sell and move on. Choices are so simple, isn't it Mr.Harry?
I dont know what you do in normal life, but constantly coming back to this board and putting negative spin into things or being side-kick for hatred negativists give me (and, I bet many) pretty clear about your credibility.
You may respond at your choice but I wont care to post another comment about you Mr.Harry. Because, this message goes out to many similar in your case and is not worth to take it seriously. Just wanted to let you know that how comical and obvious you seem given the history of posting you had in this board.
I am not saying all posts in this/any board should be only for a rosy picture, however, ones with sincerity are welcomed. your constant bashing raises questions about what you do and why you are still here if you were a true 'investor'!
Thanks for refreshments, RobMon. Bashers want readers of this board to forget about the new direction and positive things happening for the company. Even if they influence anybody, IHub is an avenue but is not about the entire investor potential (for any company), everyone to keep in mind. Maybe try a tv campaign! :o)
I noticed 'Reads 743' at the bottom of the message. What is it, anyone knows? Is it how many times it was read?
(with finger errors corrected)
Regarding Innova revenues, which we think it will come from Coroware at the majority, will be coming from projects, consulting, know-how. As far as I can see that contribution to total revenues of Corobot will be small and marjinal, unless we sell more than a 1000 of those a year.
Hey, latest quarterly results should be around mid February. It is about three weeks from today.
Focus on defense contracts is mentioned with today's announcement, which I found reassuring as one of Innova's continued target areas. That is where big dollars are for us.
Regarding Innova revenues, which we think it will come from Coroware at the majority, will be coming from projects, consulting, know-how. As far as I can see that contribution to total revenues of Corobot will be small and marjinal, unless we see more than a 1000 of those a year.
Hey, lastest quarterly results should be around mid February. It is about three weeks from today.
Focus on defense contracts is mentioned with today's announcement, which I found reassuring as one of Innova's continued target areas. That is where big dollars are for us.
Press Release Source: Innova Robotics and Automation, Inc.
Kevin McCarthy Joins CoroWare's Board of Advisors
Wednesday January 23, 7:22 am ET
CoroWare Expands Advisory Board to Meet Needs of Homeland Security Customers
REDMOND, WA--(MARKET WIRE)--Jan 23, 2008 -- CoroWare, Inc., an Innova Robotics & Automation company (OTC BB:INRA.OB - News), announced today it has added Kevin McCarthy to its ensemble of corporate advisors.
McCarthy is a proven executive on Homeland and National security solutions, serving in numerous advisory and consultancy roles to both the public and private sector on geospatial intelligence operations, aviation security and the utilization and development of unmanned systems. His extensive business, operations and policy experience is leveraged by some of the fastest growing high-tech companies in the United States, including SPADAC Inc., provider of geospatial intelligence solutions for government and industry, for whom he serves on its Board of Advisors. He also serves on Boards for SeaRobotics Corporation and Intigroup, a recognized global partnership focused on defense, security and communications.
At JD Wallace & Associates he advises on sustainable homeland security solutions that are essential for a safer world. McCarthy is an accredited consultant to the Department of Homeland Security's Homeland Security Institute, is a member of The World Bank, Aviation Safety & Security Working Group, a founding member of the Washington, DC-based Safe Commerce Coalition and the U.S. Department of Defense's Directed Energy Task Force's Laser Eye Protection Group.
During a 33-year commercial and Air Force flying career he piloted a wide range of aircraft from the Boeing 777 to the C-130, while also specializing in all aspects of aviation security. McCarthy holds a B.S. degree in Earth and Space Science, has received advanced counterintelligence education at the CI Center, Alexandria, VA and carries a U.S. government security clearance.
"Bringing Kevin on board provides CoroWare access to a wealth of knowledge regarding government and military needs, policies and direction," said Chuck House, Chairman of Innova Robotics & Automation. "We believe his expertise will expand CoroWare's reach into these important markets."
In October of 2007, CoroWare announced the CoroBot JAUS model. This newest addition to the CoroBot line of products is a four-wheeled robotics development platform that implements JAUS (Joint Architecture for Unmanned Systems), a Department of Defense standard that helps promote interoperability of unmanned systems.
"Kevin brings an intimate working knowledge of homeland security and military intelligence requirements to the CoroWare Board of Advisors," said Lloyd Spencer, CEO of CoroWare. "Working with Kevin, CoroWare will be in a better position to deliver network-centric applications and mobile robotic solutions that can help homeland security customers achieve their goals."
About CoroWare
CoroWare, an Innova Robotics & Automation company, is a software and software professional services provider and mobile robotics integrator that delivers high value services and innovative solutions to maximize technology investments and achieve customers' goals. CoroWare has depth of knowledge and breadth of experience in developing software and solutions for mobile service robotics and business automation through products that include the CoroBot product line. For more information, please visit www.coroware.com.
About Innova Robotics & Automation, Inc.
Fort Myers, Fla.-based Innova Robotics & Automation (OTC BB:INRA.OB - News) pioneers innovative solutions for customers in the software, aerospace, research, and service industries. The Company is chartered to continue expanding its growing suite of technologies through acquisitions and organic growth. Visit Innova online at www.innovaroboticsautomation.com.
The names of actual companies and products mentioned herein may be the trademarks of their respective owners.
Contact:
Press Contact:
Kami Noland
CoroWare
knoland@coroware.com
(800) 641-2676 x728
Source: Innova Robotics and Automation, Inc.
Based on what I see and what I feel, no one or no bear market will be convincing enough to sell my INRAs in 2008.
Ups and downs are so expected, oh, especially when it comes to INRA. I think, company has strong case, therefore chance despite the overwhelming number of examples in Yorkville chart!
Unless a major revenue driver news/contract gets announced in the meanwhile, I think, at least next two quarterly announcements will be key before stock propels to mid 20s again.
2008 has just started but some changes have already taken in effect. Lets give this company a new chance in its new direction.
All my humble opinion.
I endorse the 'rumor'.
My personal feeling is that there will be a totally different value proposition in INRA to investors going forward. As I have been stating in different times, even current values are not true reflection of the company. I am so convinced that is due to pure delibarete manipulation.
The result of restructuring efforts and establishing consistent revenue streams will be paying off and proving in investment scene will take time.
To say it will be 3 months, 6 months is I think very speculative, although, sooner is better for everyone's sake, no doubt about that.
Based on what I am seeing, therefore guessing, investor influx and pps increase in value will happen sometime within 2 years.
There will be a lot written and said meanwhile in this board and elsewhere.
Harry, you are one inconsistent poster in this board. You were like this then, you are same now. My belief and perception is not be changed your posts, but just to let you know that definitely myself and I believe others clearly notice this.
Speaking of today's market action for INRA..
0.01 20,000.00 $200.00
0.01 10,000.00 $100.00
0.01 5,000.00 $50.00
0.01 5,000.00 $65.00
0.01 5,000.00 $65.00
-----------
$480.00
It is either comical and pity at the same time that some people needed a little cash today... which, I think is very unlikely! I am just being sarcastic!
..OR, this is showing another proof of 'deliberate action' by someone/party purposely driving down the share prices to damage the company. I cant think of other than a vandetta or most likely, hostile take over strategy.
I am convinced that mismanagement and wrongful actions of the past¤t management don’t add up for price deterioration all the way to current prices.
To remove such deliberate actions, it is the duty and requires diligence by current management.
Thanks to Coroware, ship is not sinking but what's happening / being done is delaying our better days.
Harry, with due respect to you, in regards to promoting Coroware as if Corobot is the biggest end product of the company would be wrong, imo. I bet they do some sales of Corobot but I doubt if this is even more than 100. Thinking about $3K a piece for 100 unit, is just $300K that is not what Coroware is about and where this company's current and future revenues lie in.
If Corobot was something like ipod, potential to go touch many consumers (or even academic students), that would be different case and we would not be making these conversations, instead calculating our wealth.
Besides this, I enjoy recent active discussions about changing the Ibox and other issues. I think, this group is showing vital signs under the rubbles.
Exactly. I agree completely with you on this. There is no need to launch another board, just because we have some disagreement. It is more fun and democratic this way. It is also what an open market is about.
I would not want to see/have a one sided board, voicing only cream and butter things about the company.
I have no doubt that more this company proves itself, market force and appeal of investing in INRA will not matter any deliberate bashing or negative opinion. We just have to come to that point, that is about it.
The well known phrase "to be, or not to be" comes from William Shakespeare's Hamlet is used to signify some situations very well as it questions the purpose or need of existence.
As in business and finance, I think one significant question of existence is 'to trust or not to trust'!
Trust makes the deals go through, businesses are realized, customers return And, in investment world, investors 'take things seriously' because of that. I dont mean, absolutely directly causes to invest but, most important role of trust is to give the value proposition is a chance.
As I have been writing on this board many times, regardless of many shortcomings and mistakes of Innova, it is a legitimate, reporting company with products, know-how, team of expertise people and truly thriving to make money. This is not a setup company.
Even Innova being what it is has experienced great deal of loss in trust amongst its investors. I really cant point finger but (and, this is my observation+feel) part of this stemmed from a deliberate act of someone/some party to dump shares purposely to push the company into edge of a cliff.
This risk is/may exist even today, because, I cant see everything 180 degree different today. If don’t count W.Wiesel’s active departure from the management (which seem to prove some benefit already and lessen the pressure on stock price), there are several issues that Innova need to prove to its existing/potential investors, such as;
- fundamental re-structuring on company's debt
- continuous increase on revenues about 2 more quarters
- selecting company leaders with real, related experience and strategic background
- deliverable and/or endorsement announcements from prestigious clients
- concrete news related to license customers or regarding infringement cases
If some or all of the above are demonstrated successfully in next a few month, believe me, TRUST WILL RETURN IN VOLUME.
When trust returns, I can’t think of a single reason INRA not to hit ABOVE pre-reverse split levels.
I have a feeling that 2008 will be the year of new management and focused energy.
Hey, speaking of the power of compound interest, it moves things like tsunami waves... :o))
weo, I think, including as I had stated in my former messages, you are not alone on this thought or wish that I think many people share the same New Year resolution for our INRA.
1- To get rid of Cornell with a fair and clear alternative funding arrangement
2- Ideally, change the name to Coroware
3- Show another better than previous revenues in next quarterly results, to enhance/assure investors sentiment.
But, I think, Cornell is the MOST compelling issue hanging over INRA.
It was my confusion with a similar allias, which later on was corrected as in following link. Thanks for your note anyway.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=25647822
As I said anything is possible... here is one recent example.
BDGR.PK: This company has been in my watch list for about two years for entertainment, I observed its remarkable ups first then heart breaking downs... however, it has been moving again lately. The stock moved huge as soon as its investors felt (relatively speaking) some assurance and stock moved from 2 cents to 8 cent matter of few days!
Hey, speaking of power of compound interest.
Comparison to companies like this, who failed to report financial results, shady business, etc. despite its all wrong doings, Innova looks saint next to them. A company fully reports, has legitimate, visible business, working product and FUTURE.
For everyone's sake, deal with this Cornell debt Innova, deal with this. You will be amazed!
As far as I heard, she is out long time ago.
Nothing personal to her, but the single thing made sense about that thing was her departure.
I am ‘very’ curious and at the same time, looking forward to see what current management (with disassociation from WW) will do and how far they will go.
My personal feeling is that we may not (and, should not) see anymore of totally surprising, unrelated executive announcements (thanks to WW) like we have seen in the past!!!
I think, the current management consists of more business savvy group of people and their feet touch the ground. Plus, lets remember that Mr. Gartlan was the one behind Coroware acquisition, which proves his business intuition has led Innova having most and most solid revenue generating unit. Without Coroware, there would be no such thing called Innova and hope for future as of today.