They're using the $14m they got from selling their old bricks and mortar business to finance huge expansion and move on to much bigger and better things. I presume that they will be expanding into the UK next as it's also English speaking, so no language barrier, then Europe, then the far east then the rest of the world!
It matters that Walmart contacted INND NOT that INND made the initial approach - BECAUSE when a company the size of Walmart contacts you and says it wants you to sell your products on THEIR website, you know that they've already tested the product and can CLEARLY see its potential.
There isn't a single place in the world that doesn't have an ageing population. Think back folks to when you were kids, how many of us didn't have an elderly relative that didn't have some kind of hearing loss?
It's that simple folks. After the law changed in the USA last year, this company saw how their technology could be used to help a lot of people finally buy a quality hearing aid for a fraction of the cost that their competitors are selling their products for.
I'm looking forward to much bigger things here starting this week.
Note the CEO in several emails to a wide variety of shareholders has said exactly the same thing - there are multiple developments that he's expecting to be able to tell us about this week.
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