ACTUALLY ***FACTUAL*** INND DUE DILIGENCE
1. INND has been cultivating retail relationships for FIVE YEARS since the initial OTC Hearing Aid Bill was passed by Congress. What we’re about to see when this final rule comes down will be the fruits of all of that time, effort and labor - and it will be BIG.
2. The company has never hid the fact that this has been a much longer, tougher road than anyone expected. It has caused the dilution of billions of shares - INITIALLY to help keep the lights on during the pandemic as DTC revenues were disappointing - remember, EVERYTHING they have done has been to prepare for the Over The Counter law being passed.
3. Any dilution over the past year has been to fund critical acquisitions, from Hearing Assist to iHEAR, and to pay for electronic kiosks that have begun trial periods at a number of retailers like Hy-Vee, Food City, Hartig Drug and more - including a major pilot program at a Top Retailer that has not yet been disclosed.
4. The Hearing Assist acquisition has been critical for revenue growth while they’ve had to wait for OTC Final Guidance. Since HA is already a preferred Walmart vendor, it was a no-brainer to use that relationship to expand their reach to 1499 mobile kiosks at Walmart Vision Centers around the country. The $11 million in purchase orders is ONLY THR BEGINNING, and it’s BEFORE FDA-regulated hearing aids are even available over the counter. Imagine what happens when they get the green light.
5. The recent announcement of products on RiteAid.com and BestBuy.com is only the first step to what will likely see OTC hearing aid products in stores once final guidance is published. It’s the natural next step. Expect to hear about that expansion at some point after FDA final guidance is announced.
6. INND/iHear was the ONLY hearing company featured at Cardinal Health’s recent convention in Vegas, and their electronic kiosks were prominently displayed at Cardinal Health’s main booth. Per the company, “147 Members (representing hundreds of pharmacy locations nationwide) signed up for Kiosk & Product deployment ASAP”
7. INND is working with EF Hutton to bring in institutional investors and eventual uplist to NASDAQ - and in order to do this, they are working on a complete audit to become FULLY SEC REPORTING as soon as possible.
8. Any concerns about an RS - necessary for that eventual move to NASDAQ - should be mitigated by a few main facts: First, ALL shares, including restricted shares that belong to the Moores AND the principals of Hearing Assist, would be subject to the same RS as common shares - this has been confirmed by Matt. Second, the company plans to let revenues guide their next steps. Most RS would come without significant revenue. The hockey stick growth that is about to happen - which everyone will see - will justify any potential RS, which isn’t expected to happen AT LEAST UNTIL the company is in a better financial situation when revenues come in. We’re still AT LEAST six months out from anything like that even being considered.
9. There is a new series of iHEAR products coming out soon. iHEAR, and its number of patents, is invaluable to this company.
10. To put the BJ’s deal to bed once and for all: INND absolutely had a deal with them - AND had their permission to announce it in an interview that was TAPED on April 5, 2021. Just three days later, on April 8, 2021, BJ’s CEO Lee Delaney, died unexpectedly at 49. The recorded reveal of INND’s deal with BJ’s aired three days later, on April 11, 2021. The timing was incomprehensibly bad and coincidental. BJ’s new CEO unfortunately put certain projects on hold, and then was spooked by a very convincing “concerned citizen” about an old lawsuit filed, in which Mark Moore was accused of defrauding certain customers. These are two key reasons why the BJs deal never happened. I can ASSURE you that the same CEO is kicking himself now, knowing they missed out on an opportunity to be the first to sign up with a company that is about to blow the doors off the hearing industry with this final guidance.
11. INND has been very quiet about it, but they have spent the last few months hiring a number of sales specialists who were laid off by EARGO. All of these hires is to be prepared for these big rollouts that will be happening once the FDA gives the green light.
There is a LOT more to get into, but I want to paint a REAL picture - addressing the REAL road bumps and challenges INND has faced for the last five years but also highlighting the incredible things that are about to take place.
This is the start of something really really special.
Why haven’t the hundreds and thousands of electronic kiosks gone out yet? Well… they are now about to. And it’s about to get really fun up in here.
$INND
