Replies to post #12295 on Inova Technology Inc.(fka INVA)

[kahuna76]

I don't think that is a positive response, seems like they want to make it clear they are not and will not be involved with INVA in any way

[no bucks]

it sounds like he has no more shares .. also it sounds like they don't want to have any thing to do with INVA...I don't know whats going on over .to look harder be fore I jump in

[MarqueeGemFinder]

INVA - Radly LinkedIn page reference

Summary
Prior to Imerjn, Adam was Chairman and CEO of Inova Technology. Mr Radly took over Inova when it was a shell and built it through organic growth and acquisition from revenue of $400K to $22 million between 2006-2009. This included 3 acquisitions where each acquisitions had its best year ever in the year following the acquisition. Prior to Inova Mr Radly founded Isis Communications which consisted of two start ups and six acquisitions with combined revenue of $21 million. Mr Radly completed an IPO for Isis and raised $50M then raised an additional $40M in a secondary offering.
Experience

Chief Executive Officer
Imerjn
2013 – Present (1 year)
Imerjn develops mobile solutions including mobile apps and uses additional leading edge technologies such as RFID to develop mobile asset tracking solutions. Imerjn provides live event streaming with its Xumanii technology. Xumanii is an all-inclusive online platform that provides users the opportunity to create a ?Live Broadcast? in True HD(TM).

Clearly, some type of deal was worked out since he lists RFID technology to develop mobile asset tracking solutions. That is the description of Right Tag and Trakkers.

All the best
M

[kahuna76]

Hey MikTrader, Good Work Buddy,, we know were we stand as far as a merge in concerned now , I am looking into the actual viability of Inva standing on its own without Radly or any CEO for that matter at the helm

[stervc]

MikTrader, with your response from IR...

This is an interesting part from your response that you got from the INVA IR that's indicated below:

He does not have any authority to comment Inova since he holds no position in Inova.

I believe that... "since he holds no position in Inova"... is referring to Adam Radly not holding a ”position of authority” within the company anymore meaning a position of an ”Officer” or ”Director” of INVA as like he previously held. I don't believe that they were referring to Adam Radly no longer holding a position of ownership of INVA shares.

Since INVA is a U.S. Reporting SEC Filer, such means that they are generally ”fully reporting” and file ”Audited Financials” with the SEC. Since INVA has not filed a Form 15-12g with the SEC to deregister the INVA shares with the SEC, then any selling that would have previously taken place by Adam Radly would have had to file a Form 4 indicating to the public that he sold his position of INVA shares. Since he has not filed such, I'm leaning towards the thoughts I explained above.

I still believe Adam is the largest INVA shareholder and has a plan that is already put in motion to make sure it matures into something huge in my opinion. Until something comes out to confirm what I believe, it’s all speculation, but I do really like the risk for rewards that exists here. I am still confident that the over $58 Million in awarded backlog contracts is still intact.

v/r
Sterling