Innovative Designs Inc (IVDN)

[greasemonkeyshoes]

Quarter ended 4/30/2012-
Sale $45K
SG&A $194K
Net loss -$184K

Position:
Cash $54K
A/R $37K
Inventory $629K
Current liabilities $332K
Long term portion on note payable $353K

Quarterly Outlook:
July 31 2012:loss of -$175K
Last quarter: loss of -$66K

Likely Scenarios before End of 2012:
Issuance of more stock
............
............
Current business model is flawed and unsustainable!!!


ps-PR of Insultex for construction industry is for the naive,a pipe dream!! 66% likely.

"..What if Insultex has the same slow start just like the Arctic Armor had?? And how likely,based on Joe's track record?? How big a $$$$ HOLE and how many years LONG???.." My concern back in 9/2011