Innovative Designs Inc (IVDN)

[greasemonkeyshoes]

"With the completion of the Insultex(R) House-Wrap and word from our sales representatives on interested new accounts across the country for our Arctic Armor products, anticipation is running high on future sales. After months of communication, we have received verbal acceptance of our Arctic Armor products into one of the largest and well-known clothing retailers in the United States,..."

The above goodwill should be a backstop supporting the stock above $1.0 million MC,but I believe lack of inventory(or give out credit) would impede sales; Inventory for Arctic Armor is around $0.5 million,down but cleaned up! Also,in the current housing market: "No credit,No sales!" Credit cycle up to 120 days are the norm.Ouuchhhh.

Also,the CEO has been repeatedly jumping the gun too soon! He has used up 80% of his creditability among the royal investors.Not good as the gap widens.

Therefore,I believe future investors(who are patient) have a 33% odds buying shares when MC=$1.00 million!! It is perfectly ok if I missed the boat,again,I have 2 other fishes to catch and all of the same size. The low ball price that I intend to pay is contingent to structure change by the management and does not guarantee success.

ps-From an importer's view and I would paid around $500K for the Arctic Armor line!!