Isn’t this great?? $INND is again sub-penny!!
Let’s recap recent events.
- still NO Audited financials
- still NO new hot-shot Cfo
- NO news releases of product re-stocking from Walmart – You’d think by now with $INND devices flying off the shelves, we’d be hearing about new Po’s
- LATE filing of recent quarterly financial statements - why was this again??
- we hit the .008’s today--- who’s to blame now?
Here’s what we got instead ---
- new online sales channels that show no signs of driving revenue to $INND
- a Ceo interview on Benzinga – that is probably going to be another lovefest of false promises and our Ceo saying “umm” 3 thousand times
- a collapsing share price
- a $1MM promissory note due in a little over 10 months – that’s ONE MILLION Dollars that Mattyboy needs to pay, PLUS interest, for his iHear acquisition
- more unrestricted gutter note shares issued in July and august
- A new lease for the corporate premises the company leases from Daddy and Mommy Moore? That’s right, the current lease ends 12/31/2022. Let’s see what the new rate will be for this non-arm’s length transaction!! Where on the income statement does it show the revenue $INND should be sharing for these rent payments – they should be entitled to 49%
- What is the OTHER long-term liability listed in the financial statements for $8,606,917??
- Where are the 100 kiosks per month?
- What is the $517,479 in accounts receivable from related party?
I think this company is a financial house of cards. I don’t think the product is selling through as expected because there are better products out there. I think that by the time we see the next financial report – in April – things are going to be in collapse. I think that within 90 days there are going to be lawsuits against the company and family.
If this was the trash compacter scene in Star Wars : a New Hope --- it would probably be more aptly titled “No Hope”
The walls are closing in. The longer a house of cards continues, the harder it is to keep it going. I personally do not see a future for this company or its shareholders
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The opinions above are just those - my OPINIONS mostly but some facts!!
