Replies to post #6913 on Invictus MD Strategies Corp (IVITF)

[Mrblabla]

Yes new Dixon/Ripa team will expand footprint correctly with profitability and product as the focus. Dan Kriznic and George Kveton were not ground up operators and instead clever deal making M&A finance guys. Their attempts to throw Hail Mary marketing passes with shareholder money as a strategy was disastrous especially with a market downturn/negative sentiment looming and credit to tighten severely. Dan looks to have panicked when market climate was not frothy anymore. But they are gone and no longer running Invictus..Amen.
This new Dixon/Ripa team needs some time but are making correct operational maneuvers (in a hurry) to build a company shareholders can be proud of imho....However, patience will be needed in near term, while course corrects. The good news is there is a real opportunity again here for those with foresight and patience....

[ducatimunster]

wow, previous management really messed this up. the agreement with ABG was a joke. $20M in royalty payments over 8 years when the company wasn't even generating a $1M revenue per quarter. Now we have pay to get out of deal. The list of bad deals is long and shareholders are paying the price with termination fees, cash payments, share issuances, etc.

This kind of dealing was almost too incompetent to be incompetent...Which makes me question if Kriznic and or Kveaton have any ties or kickbacks from some of these "deals" they made...They literally drained the company with nothing to show for it except perhaps their own pockets? If not then perhaps they are just incompetent....Neither of the two need to be in management positions no matter what stage the company is in...All that money to ABG to come up with Zoey, Sterling ect with some photos and they didn't have the sales channels lined up to know they would have the ability to pay nor the ability to legally take advantage of that type of branding strategy...

Thankfully, that mess is past tense