Simple Answer Mohammad111 ---
$INND did in fact receive a purchase order for about $11million, BUT of course Mattyboy couldn't afford to carry the long payment terms that come with a walmart order,, SO he went to very expensive purchase order finance company to basically lend him money against the order,, with a VERY STEEP discount . Mattyboy and the company were then as they still are pretty much insolvent, and so Mattyboy took a haircut on the $$11million, so he could keep the company afloat,, and actually provide the product to sell! $INND probably lost 20 - 30 percent right off the top on this deal!!!
The rest of the money went in to paying for product to actually supply to walmart, keep some of the creditors at bay,, pay pumpers to pump the stock so he could keep selling toxic debt,, and he paid HIMSELF and his family their salaries.
I would suggest that you think in terms of what a ponzi scheme looks like, even if this isn't one in the traditional sense!!
Basically, the money from the walmart deal was either spent on wasted stuff [think hearing kiosks] or stolen!!
Now,, the problem Mattyboy has--- the worthless product just aint' selling,, and walmart is getting lots and lots and lots of product refund requests and returns..
What is a boy to do??? Misdirection and negotiation - remember the "accounting dispute' earlier this year,, the one that was added to 2022 4th quarter??
Where are all those investors sitting on the bench??
How is the reg A offering coming along with the stock price hitting 0026 today??
Why cant' Mattyboy and $INND pay their employees??
Where are the follow-on orders from walmart??
BAHAHAHA, Mattyboy is in so much trouble, me thinks!! He's probably going to delay the first quarter filing[just watch] because, he isn't going to want to release the fact that sales in the 1st quarter are in the dumps
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Just my personal opinions people, nothing more than that, so don't shoot the messenger.
Bearish
