Searay, IVDN's track record is abysmal. Grand announcements are made out of Pittsburgh, the cheerleaders posting here gush over those press releases, and then the quarterlies come out and we see little sales and more loses. Stock price is stagnant. Been this way the last 2 years since the FTC trial. Been this way for over a decade.
Junior Trend, Phoenix Nanotech and all the new distributors produced little sales! No Home Depot, no Lowes, no Amazon, no Ebay! No sales team! Just more loses. No accountability.
Our CEO can not attract the needed investment to really grow this company. Nobody is investing in our CEO. Looking at the financials, Mr. Adams so called investment probably saved the company from bankruptcy. Was his stock purchase, 500,000 shares, newly issued stock diluting our shares. Nobody else bought any real amount of stock last quarter. Heck there is probably less than 250 people owning shares in this company with the vast majority of shares controlled by maybe 25 people. How else has our failure of a CEO held on to his job.
The economy is heading toward recession, mortgage rates are 8%, and home builders are going to slow down. These builders are going to have to pinch pennies to make a profit. How much is a roll of Insultex? How much is a roll of Tyvek?
Go back and read the posts from 3 years ago, 2 years ago and last year. I have been posting the reality for the past couple of years. The cheerleaders posts fantasies. I wish I was wrong and they were correct.
Searay, IVDN is not much of a company. It is basically a one man show, the Joe Riccelli Show.
Our CEO couldn't sell a bottle of water to a thirsty man in the desert. The only way we will see this company grow is to get rid of our CEO.
