Very well written Pitcook. You have sounded the story about the "potential" of Insultex very well. It is a story I have heard many times for the last 15 years. In the last 15 years, nobody has gotten too excited about the Insultex story either.
But you FAIL in the most important area of your wishful story. You post about "Now without pointing fingers or blaming blame" It is long past due that we point the fingers and place the blame.
We are where we are, 15 cents a share, less than 1/1000 of 1% market share because our CEO is incompetent, an idiot, egotistical, and a poor business man. On top of that Joe Riccelli is now an old man, in poor health who can not put in the time or has the energy to grow the company. He has not been able to attract investment, even at 3 nickles a share. Facts are facts.
Why do people still support Joe Riccelli? What is he holding over the BOD's heads to keep him in the CEO chair?
The big boys are not afraid of IVDN as we have no market share. By the time we can ramp up in the next 2-3 years, DuPont, Corning or KC will develop the "next new revolutionary" house wrap. Then the 250 IVDN shareholders will be left wondering what happened.
I would like to see IVDN on the auction block today. I will swap my shares for, lets say, DuPont. Imagine if DuPont bought us out and took the "New and Improved Tyvek2" to market. Then Insultex, rebranded as Tyvek2, will have millions of dollars in sales a week. Stay with our CEO we are going nowhere.
Once our CEO is fired, stock price goes up to a $1 instantly. There is up to 10 million dollars waiting on the sidelines to invest into IVDN. But not if Joe Riccelli is still CEO. That money will not be there much longer.
Pitcook, 18 years ago, I had this exact same DREAM. You learn about a revolutionary product nobody else knows about, a real ground floor opportunity. It is a great dream. Then reality sets in. The man who controls this product made one bad decision after another for the last 18 years. It is like a bad JOKE.
I hope you all realize your dream of getting RICH. My motivation is different now that I am an old man in my 70's, just like our CEO. Most of you are younger than me. I already did my 15 years living beachfront on the Caribbean, scuba diving daily. (A great period in my life). I would be very happy pulling $20-50K from my near worthless IVDN stock. I can buy a new RV or fishing boat for the lake I live on now.
I don't have much time left in my life. I will take that $2 a share happily and wish you all the best.
BTW, I can not reply to messages on IHUB
