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my2Mustangs

06/26/11 12:16 PM

#12198 RE: KELLYCO #12197

Not only that, but I'm pretty sure Boobby gets to charge INOL extra if those balances aren't paid along with all the other "normal" charges that they get for "factoring" and accounting. When Boobby does collect on an unpaid amount I'm sure they get an even bigger cut as all "collection agencies" get a percentage of what they collect, reducing INOLs "share" even more.

It's a win win for Gary, Sharon and their private company InoHealth which is as we all know the sole source of revenue for INOL and its investors, as InoHealth is the only company that INOL is "marketing" for. Maybe Gary and INOL should do some "marketing" for some of Garys other business associates and their companies. That way Gary could PR some "new marketing agreements" that contain no monetary figures like the agreement with InoHealth and the JV with GCP. Ira Frohman and Jeffrey Smuda come to mind. Ira was PRd by Gary as taking over pharmaCON but he has never been on the papers in Nevada, but Gary PRd details of companies that Ira was the CEO for before he was the CEO(PFMS)so obviously Gary and Ira know each other and Jeffrey Smuda because he is on the Nevada papers even though the papers are and have been in "default" for more than a year and a half. As a matter of fact the last 3 or 4 months that Gary was in charge of pharmaCON and selling shares, the papers were already in default. Maybe Gary can sell the "proprietary compound" that he claimed InoVet has back to pharmaCON and Jeffrey Smuda because that's when Gary "acquired" it.

An investor would think that with all the "daily orders" PRd by Gary dating back to Sept. 8, 2010 that the 10Q/A ending the 4th quarter Dec. 31, 2010 that there would be some revenues in the amended fourth quarter filing.

Oh what a tangled web we weave when first we practice to deceive.

I guess scams like this are good for the economy, think about all the jobs created at the paid advertising sites that Gary and "third parties" pay for. It's just a shame that investors have to pay the bill in the end result.

Maybe that's why the SEC is sooooo slow to shut down operations and CEOs like this. There's alot of money being made and spent by a few and the government gets taxes from the paid advertising sites, their CEOs and their employees that post on message boards hyping INOL and the "consulting" companies.

Seems to me that the SEC is giving about as much protection to investors as our politicians give consumers when dealing with credit card companies, insurance companies, casinos and the list goes on and on. Lots of money involved there too but most of it goes into the pockets of politicians and their "retirement funds" by the way of campaign contributions through PACS that the politicians get to keep when they "retire."

Johnny4profits

06/26/11 12:26 PM

#12199 RE: KELLYCO #12197

Oh man, it gets better and better........

Yep, this here INOL is gonna fly! Away! Soon!

You missed the most important part.
Factoring means that Inohealth gets paid for product that they could not sell in the past and Inolife can wait and see if the balance ever gets paid.
This scheme pretty much lays out that Inolife only gets 10% because that is how much Bibby hangs onto till full payment is made.Minus the initial discount for the factoring agreement.


:)



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