Innovus Pharmaceuticals Inc. (fka INNV)

[healthywelth]

I noticed the reduced cash also, but they do have over $2.2 million in inventory to offset half of it. During the call they said they like to keep 6 months worth of product on hand and as we grow the value related to inventory will also grow. Last quarter they only had $1.6 million in inventory and they sold almost $7 million worth of product in the second quarter. All in all it looks like they are managing their money wisely to me especially since they are bringing new product to market at the same time.
They covered their losses, grew the company, and set them selves up for the next quarter. If you want to check the numbers look at the Q2 press release from last night and compare it to the Q1 press release that can be found on their website. The numbers are all there. I have seen many companies with higher market caps that burn more each quarter than they could ever dream of covering. This is still a sound investment and it only gets better as the price drops as long as you have the money and the tolerance to invest more. EV Y.B.