Innovative Designs Inc (IVDN)

[greasemonkeyshoes]

Concerns:
In term of organic growth: Can it be profitable for the reason(2 Q),not just half season(1 Q)??
How much cash drain by the new product,for compliance testing(mildew and fire) and marketing fees(ads and trade shows)??

But the BIGGEST challenge is
Inventory valuation 3Q:
2010 $936K($936K+ $87K deposit)
2011 $790K($550K+$238K deposit)

or
Inventory is DOWN 16%,3Q 2011 vs 3Q 2010;Joe is cutting back on his organic business!! NOT GOOD.
Average cost of imports jumped 16%(Bloomberg)

I believe the organic growth for the season will be CAPPED below 5% at best but NOT ENOUGH to cover the added cost!! Joe need to raise $100K ASAP,just to cover his "money making" season!!

ps- Running on 1 out of 4Q is problematic;adding a new non-related product without a strong balance sheet,most likely making it even worse!! 50%/50% this season ends below expectation.