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I think, moral of the (INRA) story seems to be like while nothing is being guaranteed of course, sit down and wait for much better days as it is expected sooner or later.
Yes, a lot of constructive happenings occured last a few months. As far as business or operations goes, I dont know what is cooking. However, I do hear also that Lloyd and others are working diligently to eliminate current debt arrangement with Yorkville (or Cornell whatever that is). They know as much as we do what it does to our shareholders value and to the future of this company. It is one last but big piece of obstacle before INRA to be unleashed for the valuation it deserves... whatever that is! I have no idea now.
By the way, if anyone wants to contribute his/her share of speculation what an INRA share would/supposed to be like if current Cornell debt was owed to a reasonable financial institution, based on current revenue level and new management.
Well, respectfully, you would have opportunity to do your DD in verifying the legitimacy and credentials of the attorney as you/anyone would move along.
Thanks for the humor though.
Come on Spinster! RobMon is not alone. You are -still- an incredible DD person. BUT, it is OBVIOUS what you are trying to accomplish and that is for sure not to save us!
I am telling you, you must be either obsessed with hatred or have different agenda (imo, it is the latter) to dedicate so much time for a company this bad.
You had my respect up until early part of last year solely based on wealth of information you used to bring and work you had dedicated to I-Box. I am sorry to say, no more respect and credibility towards you on my end.
Yes, we all have seen and experienced bad decisions in last one year. Meanwhile, there have been positive changes, much better revenues and Coroware is stepping forward to do better things.
I am not writing this to make you change your mind. I am letting you and others that your contribution to this board is extremely biased. Besides, it is shame that this come from 'the moderator'!
I think mood and trust to company's future is a lot better than recent months. We owe this to some important changes already have taken place and I trust that there will be more to come.
When I see INRA up 20%, 30%, etc., this is all good (although, if those increases last a few weeks were sustained, we would be seeing around 3-4 cents already!) but, lacking VOLUME!
And, volume will be able to come back with trust. How this trust will come back? 1- Sustainable revenue and growth quarter over quarter, 2-Cornell/Yorkville out of the door.
I know at least based on my friends who have been following INRA since last March (right after ABB settlement) that I keep hearing the same reasoning over and over again. Once company shows a trend of increase in revenues and getting rid of highly questionable debt structure, future is clear and investing would be no brainer. Although, revenue results last two quarters are already satisfactory to see it may turn into a solid pattern.
I am already in for sometime. I can also invest some extra cash when those two things ever happens.
I suppose, we have about one month to find out next quarterly financial results.
I (we all) hope to see trend continues in increase for revenues.
First of all, this company's future and its stock price are not limited to any kinds of comments in IHub. However, IHub is an influential mean to give number of investors some 'perception'., I emphasize this word, because overwhelmingly most of what is provided on IHub is mere speculation.
Information provided by our moderator Spin have all been mostly, if not all, factual in an unprecedented depth. Sadly though, past ABB settlement case, he has been acting so negatively in tone and personal, despite his findings were very still valuable. It also came to my attention that as a big time Walt critic Spin still chooses to display Walt's picture(s) in Ibox, even though he is no longer in company's leadership. As a person who one time put together an incredible display of front page, in fact, much better looking and depth profile than company’s own web site, now is unrecognizable to me since I have been investor of this company and monitor this board.
I personally think that Spin has responsibility on what to keep or display on Ibox.
As far as my own feelings about the company: Yes, I do too feel that 2008 will be a different year, positively though. As momentum shows from revenue to management decisions, Innova is going forward even its stock was going opposite direction.
As suggested in previous posts here, I truly hope that company hears voices here, if doesn't realize itself, takes dramatic actions to deal with its current debt condition (either payoff completely or change the creditor into a respected source) and invite the investor confidence back.
One thing to keep in mind is that if robotics technology (in general) is expected to be a big in future, this modest company has strong foot (Coroware) amongst the giants (Microsoft and others in MSRS) for years. When I think about Coroware, I find its (despite on the rise) revenues are less relevant to its significance many years of expertise and organic connections within Microsoft.
INRA will take off sooner or later, I feel good about that.
However, it seems to me that real winners on this will be the ones who already bought or will be buying in these levels as opposed to ones like us who have been on this more than a year.
Having said that whether if is a trend or signal I dont know what sideliners are waiting for! There are several possibilities causing INRA starting to attract interest and appreciate in price. I see these reasons are such but not limited to following:
- Company continuing to increase revenues in coming one or two more quarters
- Company proves to be cash flow positive in 2008
- Company gets an alternative funding for its debt obligations which would release the price pressure and/or renews investor confident
- Company gets buy interest and becomes target of an acquisition
- Microsoft to increase Coroware partnership more so than currently and reward with a larger contract
- Innova gets involved with a government contract directly or be a subcontractor (of a major company) for a large government project
- Company names a new, well regarded CFO
- Licensing initiative starts to give some results for ongoing revenues
I personally believe any or combination of above will happen. I wish knew WHEN!
I tell you one other thing for those you regulars here. Despite its mistakes, shortcomings and whether you like it or now, Innova is a viable company, operating in a high potential subject matter. Just think about a second, Walt and rest of the management's stake on this larger than ours.
Latest quarterly filing should be out matter of days, I suppose. If revenues show a significant increase or sustainability as it was the case in 2007 vs. last year's, I would like to think that confidence towards INRA should increase, so in stock price.
Unrelevant to Innova's performance, INRA has been experiencing deliberate dumping by someone or an entity that what I have been observing clearly. The intention behind that is up for speculations but I believe that someone also believes there is value in this comapany and do whatever it takes. I want to bet that management is well aware of this. (I cannot think otherwise!)
I really hope, at least for my own sake, INRA to gain back interest in the market and reverse the trend, so I can buy more share in these levels. My argument is such that at least having Coroware on board, Innova has tangible substance consisting of intellectual assets, streaming revenue and historical connection and accomplishments with open future platform in Microsoft. This is one real asset that is to propel company going forward even if RWT does not do anything regarding its technology and licensing initiatives.
That is why I am confident about sustainability of Innova and INRA to gain its value back. My only doubt is when or how long it will take to see 20s, 30s, 40s, whatever...
Also... thanks a lot anonymous for your valuable, quality posts and critics but without bashing.
What happened to upanddown123 as a board assistant? I just noticed.
Resigned or kicked out because he (or she) was positive for the company?
I totally agree with you too.
Yes, conceptually robotics has big room for growth both commercially and in almost untapped consumer fields except.
Innova with its overall know-how and penetration with Microsoft appears to help both sides.
However, I dont think market will look into Innova more closely because company is in a promising sector. Company has to deliver results and offer leverage for strong potential. Then bigger money will come to Innova to take a piece of it.
I and many here in this board believe and speculate that Innova will pull it out.
You also wrote:
"Seeing .065 makes me quite happy right now."
It does make me too but with a lot of caution. I would like to see up volume backed by much bigger volume without being too volatile though.
Certainly there is serious work to do, as far as I can see.
Three aspects though that needs focused and constant work...
1- Most importantly one is due internally, in technology side, which I think is always the case for any type of work that advancement is a must in order to have competitive edge.
2- Externally, while dealing with pleasing existing clients more serious work is necessary to able to shift this company to different level, different dimension. This is possible through obtaining hefty contracts from the government agencies and/or large corporations that Innova's technology and know-how would be instrumental for their needs.
3- Owing to many failed attempts, Mr. Gartlan as the new CEO has room to prove himself reaching to broader investment community and attest that Innova is a thriving company and offers great investment opportunity. (then, we dont have to worry about shallow and inconsistent market interest)
These all take time. Although, we the investors have already given plenty of time to the company to deliver results but past remains in the past. I think, it is question of whether I personally want to be there or not when stock price rewarded in the market. I say I believe the company and I will be here.
On a funny side, I have no single idea about the timing to be honest!
I just saw this news. I was not watching the market and INRA for some time.
Personally, I liked what I read. Why? I dont know W.Wiesel in person, however, somehow he always seemed to me stronger in business field Innova is in but not business savvy as required in a CEO. I think that Mr.Gartlan may seem to fill what Innova group needed for some time, a CEO that concentrated in business, operations and profit.
I think, this change is positive. It will take certain loads off from Mr.Wiesel and allow him to concentrate what he is capable of better. Despite where share prices are today, I still do give him credit for his efforts to assemble a fresher, stronger company from the ashes of RWT.
Aside from this announcement but regarding previous ones related to financial results, if two more quarterly results, in other words, full year 2007 demonstrates the market that the revenue increases in line with current or better levels, I expect INRA to advance from these levels significantly.
Lastly, despite pps is still badly suffering, however, I am glad to see late afternoon share dumpings are hopefully and seemingly over.
We should be able to go only up from here...
To me a very assuring PR, today. Thank you Innova management.
We all shareholders await not only good results, also equally as important we want to see good communication from you as well.
Revenue projection is very significant and lets not forget, this is only operational income. Looks like three major subsidiaries have started to compliment each other as far as Innova's business offerings. If they can sustain the growth based on current business and achieve results for licensing programs, I strongly think that gravity will not able to keep INRA on the ground too long.
Meanwhile, if Innova is able to obtain a major contract which many of us have been dreaming a long time (especially after Ashcroft announcement) that would be a super sweet thing to happen for us... but, this is something I am not tieing my hope for pps jump. Speaking for what seems to be in hand today, I think, pps will show gradual appreciation when management starts to deliver the tangibles, like reporting the official quarterly results (as hinted today), announcing some success cases or periodical report card for licensing programs and perhaps announcement on extentions or milestone news regarding current contracts.
I am VERY VERY positive.
I agree too. If we know that INRA has value and is undervalued, ones that closer to company naturally know this way better than us.
Despite unrealized results, the company is pursuing many and right things from different angles. In my belief, it is matter of time but these efforts eventually will flourish. Because, despite its shortcomings, we have a management that all come from the industry, with strong background, experienced, responsible, have proven records, recognition and are in compliance. Yes, sometimes it gets me the way share price has been weak and undependable for some time, BUT... I personally have the trust and patience to get good return from my investment.
It is 5 cents and no buys! Sad.. too sad!
Walt, management be proud with yourselves.
Thanks a lot. Appreciated the effort.
It proves once again that there are phoney claims and many 'bs'ing going on this board, purposely to influence on selling or discount opportunities. (although, this happens in all stocks. We all are adult and not supposed to be so naive!)
I found one thing interesting in very short message of yours. What the receptionist said! If hers was a genuine response, for a receptionist to be able to say 'things are happening' I reckon that it must be some activity so noticable to her that she could say such thing (again if it was a genuine response). I wonder what can it be? Partnership, new projects, acquisition are just few I can think of.
To reiterate my position with Innova once again, yes, this company causes us so much pain but certainly not an untrustable, shady one or setup to cheat and disappear as examples are plentiful in pk and ob stocks.
When is next time Innova will be reporting financials, by the way?
You have point when it comes to Walt. I dont disagree. And, seeing 5-6 cents really hurts.
However, no matter what, Innova is not even close to penny stock company for many reasons, such as:
- a fully reporting public company (this is a rare treat when it comes to majority penny companies as most of them are overwhelmingly very very shady.)
- business and activities engaged are proven
- connections with major stakeholders, personalities (even with some exaggaration) are legitimate and still active
- management consists of real personalities with actual professional credentials
- revenues have been on the rise
- hiring, although strictly speaking for Coroware (according to Pergamon's report) has increased significantly
- despite the disappointing amount, the ability to have settlement with such a large company like ABB and this to present a huge leverage for its licensing initiative with many companies in this business
All above are portion of my own reasoning to keep trusting and remaining invested with this company.
Very true. That has been my curiosity too. We have to think the other side of the equation as well. Some keep buying (perhaps very thankfully) It is fact that there has been dumping going on but I cant conclude whether this is a game of MMs or any other interest groups to buy or accumulate the shares SO cheaply. In other words, I dont know if what has been going on for some time presents a hidden but positive aspect.
10 mins to today's close. Let's see, if we are going to watch the soap opera again? If you miss today's episodes, hey you dont lose anythin, you may catch it again!
It could mean a lot for many companies but seeing 20%, 40% pps increase a day for INRA means nothing because we have seen same scene over and over again with last minute dumpings.
What a shame for the company who brags having millions of dollars worth of licences and connection with Mr.Gates and Mr.Ashcroft!
Even if we see a $1 a share one day, it is still shame that management caused shareholder value and goodwill going into drain.
Thanks a lot for the response, very useful and in a plain language. Very much appreciated, PaperProphet.
In light of this scenario, I wonder especially what our CFO is doing to protect company interest from such financing deal as well as company & shareholder value? (because it seems seriously worrisome) I hope, Ken/CFO has a plan to refinance our debt to Cornell with much favorable conditions to company.
I never been pessimistic about Innova and INRA. However, acknowledging Cornell's existance, I am hoping, wishing, demanding that management to comes up REAL BIG PROGRESS, REVENUES or NEWS in order to escape unbearable gravity of this messy financing and its burden on the company and INRA.
One thing I dont quite understand regarding the case (or possibility) of Cornell selling its shares! Why would they want to sell shares they have on hand at these prices? We, most of us think that they are worth a lot more (sooner or later) and why not wait longer?
I wonder if they need to liquidate as they may need cash so that INRA shares help to provide at any price.
If Cornell has approx. 10 million INRA shares, based on constant dumpage we have been experiencing, aren't they close converting all what they have in the market?
Any thoughts?
INRA.. is in brewing stage. Certainly keep an eye on if not invest it yet! INRA started to advance from its historical lows. It's got a big potential to reward well definitely sometime this summer.
Despite company is not good at managing shareholder communications, check it out, it is one legitimate, responsible, compliant company, unlike many fishy ones amongst otc and pk companies.
FYI, I am a long term shareholder.
Pergamon, thanks. It is no surprise that you agree with me and I ditto everything you say. Yes, contingent upon a good announcement coming from Innova and the way it is being very undervalued right now, INRA will climb so fast to claim its summer 2006 levels at least. Because, their state of business and finances are better off from last year.
Also, I dont forget from your report that Coroware grew from 12 to 22 people currently, which is significant and I am sure this will be reflected on many things to come.
Go INRA... We know you will...
Is share dumping and price slaughtering over yet?
Not much buying lately but good news is that supply has been tight.
This low buy interest is either because business as usual (no significant news from the company) or silence before the storm.
I end this with same perceptions of mine... it will go back to mid 20s at least, sometime this summer.
INRA... Keep an eye on! Just add in your watch list, even if you dont consider for now.
INRA... Keep an eye on! Just add in your watch list, even if you dont consider for now.
speaking of value... by the this cuter than ever stock gets back to its before settled down or before run-up price, I mean in 20s, I will have and others who bought in 6, 7, 8 cents a share, will already have 300% increase in value and that will be a level still looking ahead. No brainer!
To those who sold/dumped to bring INRA in 6 cents, THANK YOU THANK YOU THANK YOU.
I am very confident I am right. Also, history will repeats itself. INRA will not be available even in high teens sometime this summer. But, I cant help to be amazed with management's silence and lack of actions to react current prices and not seemingly doing anything to propel the pps back to what it was settled for, like around 20 cent a share last summer. This was even before when company had not reported $1.3 revenue and 37% increase from previous years. Based on what is going on, it is highly likely that company will continue to report similar revenues if not more for 2007. So, why still 6 cents a share, mind boggling.
Maybe not so! Because, I think until shareholders and watchers feel again company management is in driver seat to drive the stock price, no matter how strong people might feel towards INRA, fishing for a cheaper INRA will continue and I dont blame anyone for doing so.
And, based on that as of today Innova is worth only $5.4 million! This is not right!
This is a company whose revenue was $1.3 million last year and looking at what is going on at Coroware and Altronics alone, company seemingly is able to produce even more revenues in coming quarters, years.
Innova’s value unfavorably is not in line with market value and that is why INRA stock presents very favorable return based on current 6 cents a share level.
Regardless of common -and valid- feelings towards the management and company’s communication with shareholders, I think common sense says that 6 cents for one INRA is an opportunity not to be missed.
I say it and I did not miss it!
Go INRA... I know you will.
you are right but at the same time, these prices are SIMPLY IRRESISTABLE to take position or buy more of INRA. I say it and I did it.
I dont know what management is doing internally to stop declining share price but what amazes me most is that they seem to shareholder community acting like higher INRA price is not their best interest.
Having said that I take this current and ongoing situation still as a period, a temporary situation and I BELIEVE that management soon or eventually will take our suffering INRA from the floor.
Pergamon's summary says that Coroware alone has 22 employees by now (increase from lows 10s) and even this is a clear indicator, therefore a good reason to jump back on INRA.
Pergamon, your feedback is appreciated. Thank you very much.
Not to say that you purposely implied an overall positive feeling in your summary, I agree with all your conclusions as well as your perception.
I think Innova is a well-connected, viable company with some problems to straighten out in executive decisions. Other than that, I think, INRA is 'fundementally irresistable' at current prices.
My arguement is that current market value of this company versus its current revenue level (assuming that at least it will stay like this) and its future potential, even up to 10 cent a share is overly generous discount per share based on today's outlook regarding Innova company in general.
I am in process of being back in. Partly last week and rest of this week I will try to take same size of previous position and simply sit on it as long as it takes.
Good luck to me and good luck to all INRA holders.
I am sad... I am happy
Looking at where INRA goes, I am SAD because I made a big loss on this and also to see INRA and all remaining shareholders are down. Where is the happiness on this? I am HAPPY that I could have lost much more, as I got out in 10 cents.
It is still to me the biggest puzzle, this stock is. Supposedly big potential and in reality value goes down to tube! Let's see if this will ever come near pre-split prices! I dont want to see it even for the sake of saying I am glad I am out long time ago.
I truly wish well, good luck to all longs.
INRA $1+ a share...a pipe-dream or work-in-progress? What do you think?
Do you think Innova eventually is able to get a big contract (i.e. $10-30M) by itself or through Ashcroft connection?
I can already hear what some might be saying. Yes, I am out of this but not completely out in mind! Especially after investigating, learning about this so long. Half of my brain says get back in soon. That is why I keep asking your opinions and projections.
Thanks.
Thanks Mr.F and joedebull for your replies. I would expect a lot more people to respond and post their current/futuristic reasons/rationale to be an INRA investor.
I am still hopeful for other to respond though.
btw, what is the latest date INRA needs to file to avoid E designation?
Do you think this extremely quite volume is mostly because of wait and see attitude?
Although, I am no longer an INRA shareholder, I do and will continue to keep an eye on this. I cant help it! :)
robotified, still is hopeful $1 price! So was I and even more if ABB reward amount was not disappointing or if Ashcroft association had brought tangible business (it may be still, though!)
My thoughts and perceptions may be mixed because I recently walked away. But, I would like to ask your projection and confidence level with your timing estimates. I think this would be not only answering me, also to be helpful as an informal survey about what people feel out there about the prospects of Innova/INRA.
Everyone, could you list your reasons please why you still have some INRA in your account?
That's it. I am jumping ship!
Folks, I had been a determined and very excited investor of INRA since last summer because I was a firm believer of its potential. Now, I dont see even a horizon, therefore I sold off my position last week and early this week.
This company may still prove its potential one day but it lost its credibility to me and I personally had no more patience. I took a 50+% loss but gained my self confidence back. It is the most valuable.
I wish you all good luck and wanted to thank everyone who has been contributing to this board and primarily to the Spin.
I like it the way you put Spin..."artificially depressed"
I personally give WW a credit. Yes, he lacks big time managing the show as a public firm but 'he' will take us to different levels in business sides, imo. Remember just what you diagnosed, it is artificially depressed and we dont know how long it will take this (unfortunately once again)!
you are right, I said that. It was truly what I had heard and I was looking to see everyday with such expectation. I cannot say 'oh well it will be next week' at this point. All I hear is that end of last week's story is not 'the end'! :))
one thing I cannot decide/see for my buying is that whether it will go further down or not. INRA has done that in the past, due to lack of interest and lack of 'meaningful' news combined, it went down to even .09 early this year for a short period. So, I can maximize my return from a better buying points and I do. It is really easy to feel hopeless for times like this but overall this is a very great opportunity company that I feel very comfortable, despite poorly managed shareholder value. I think, company is still in early stages setting itself up to play the game the way they envisioned to become. I think, Coroware and RWT is valuable enough to make pps $2-3 some day. When is that some day going to happen!? It is the million dollar question and up to how management put their act together. I know they work hard on that but this does not transpire into our stock price necessarily yet. Having said that I am confident that Ashcroft thing will play its part sooner or later, imo, it is not meant to be a symbolic thing or a window dressing at all. In addition, I feel strong that we will hear more things and opportunities to our benefit as a result of recent ABB lawsuit.
Best wishes for your/our venture with INRA...