The format of the Yahoo Forum has changed when you access it via PC, they have a new conversation thread format which im not a fan of. I'm accessing the forum on my cell phone and it still looks like the old one.
Too early to tell really until we get a better understanding of the sales volume, franchise fees, consulting/training, international etc. but I predict it will be higher than it is today. :-)
oh ya, but if they get bought out it goes to the moon, lol!
That will definitely help to get the historical records in order. Then they can pursue the financing they need to continue their rollout, entry into additional markets, etc.
I don't know if there is one catalyst which will make the stock jump like the FDA clearance news short of exposure through some form of media like the Today show, Oprah or something along those lines. Aside from that I continue to see this as a long term play.
As they continue to signup clinics, obgyn's, open additional INVOcell only clinics it will begin to get the word out to the masses. Actually thinking it about it further, if some Insurance carrier adopts this as a covered procedure, that could be a catalyst that could drive the stock as many have been hoping for, but again I think that is some way down the road.
The military IVF for Vets push is also a golden opportunity for exposure. There is tons of potential here, I wouldn't lose hope just yet.
that is just so short-sighted. put out a pr for prs sake?
Dr Ranoux is more than likely spending his time doing the training to show these new clinics how to perform the procedure and making deals. That is far more important than a press release because a PR wont lead to long term revenue.
Sounds to me like you are one of the ones that should move on if you don't have the stomach for their long term rollout plan.
Sullivan, all excellent points. I also refer back to the investment made by Invaron Canada & CARE Fertility. They were instrumental in getting INVO Bioscience to where they are today. Those were not small investments and required some long-range thinking and execution which they are doing as we speak.
Invaron has already mentioned Calgary is opening in Oct and they also disclosed they have/are closing on the second site in Vancouver. Invaron / Effortless IVF received backing from VA Angels in Canada so there is definitely financial support there.
you CAN buy it, schwab or e-trade as has been mentioned. Selling, well that's a different story since there isn't a lot of volume as of yet if you want to unload a large position.
If anyone is looking to do so, maybe post what you want to dispose of and see if you get any takers. Who knows, it could happen.
Really, they said they don't want the stock to go up? Funny, I didn't read it that way.
We would like to thank all of the shareholders who support us and believe in the company and the company?s potential long-term success. We would like to also remind everyone we are still an underfunded start up with very limited resources. Like most startups we are a risky long term investment, with the INVOcell receiving FDA clearance we have minimized some of that risk. On a positive note there are thousands of medical device companies that never get to where we are today, but we achieved that goal with a lot of hard work and some good partnerships, who like you also believe. We still have a long way to go to build INVO Bioscience into global brand and we are doing that step by step. We are a long term investment, which means we are building for the future not the stock price today or next week. If you are not a long term investor then maybe you should look to diversify your portfolio and move your funds elsewhere. We still have a ways to go.
I think they just addressed the constant #$%$ and moaning of the day to day stock price movements or lack of. It was a reminder that they are in it for the long haul and that they are a penny stock with all the associated risks that comes with it, albeit one small exception, they have a medical device with FDA clearance in the US and they are just getting started.
Our partner in Canada has announced the opening of a dedicated INVO center, Effortless IVF, in Calgary launching in September with two additional INVO centers opening in late 2016 and early 2017. These centers will be offering the patented INVOcell device and INVO procedure only to provide greater access to our lower cost fertility treatment. The Calgary site is running a kick-starter campaign to attract initial patients to the new location and currently over 60 patients have been screened and enrolled for the INVO procedure. This is expected to be a huge success in Canada as the health care system does not support fertility treatments.
All clinics that are adopting and offering the INVOcell and INVO procedure are also adopting our mission of offering the INVO procedure at minimal pricing, approximately half of the traditional IVF price, inclusive of mild ovarian stimulation medications and less ovulation monitoring with equivalent results to IVF. We continue to assure that our mission, to treat additional patients that could not afford current costly IVF treatments, remains intact.
As we stated previously, the implementation of the INVO procedure requires INVO resources as well as the resources of the physicians and their staff. The physician and laboratory staff need training before the physicians’can begin offering the INVO procedure to assure successful cycles where good pregnancy rates are achieved.
get a grip chief. Would you rather have management BS the story and distract us with all sorts of lies? C'mon, they have been brutally honest and have worked extremely hard despite everything against them.
Did you think they suddenly won the lottery and had millions to spend on marketing, sales, technology updates and financials? This is a long term proposition just as they stated in paragraph 1 so as to let all those buyout speculators that this just might take some time as I have stated several times.
It's Katie and Claude, Bob part time and that's it aside from any other part-time help they were able to rope in. What do you expect here?
In my opinion they pulled off a helluva lot of activities in this short timeframe. Did you notice all the additional activities that occurred that weren't even on OUR radar? Multiple audits, recertifying CE mark, applying for Mexico....c'mon man.
Look at the progress in Canada but more importantly look at the long-term plan. Invaron ie Jason Broome signed up as a distributor for INVOcell back in October of 2010! Do you think he thought he was going to cash out in a few years? umm nope. They set a long range plan in motion, it took years and then they partnered with CARE Fertility in Texas to kick the US trial off the ground. Again, not a quick proposition.
Now they have launched INVOcell specific clinics, if that's not conviction for you, I don't know what would satisfy you.
You have some extremely smart people who put stakes in the ground and they are finally just launching and executing. It will still take time to see that payoff so I really don't get the whining I see around here unless it was someone who bought the buyout hype or get rich quick types, that's not INVO Bioscience as they just told you. If that's not for you, then seriously move on but I think you will be missing out.
In April, the company went through an extensive audit for ISO 13485 certification. We were also audited for the Medical Device Directive compliance (MDD compliance). We passed both audits successfully, received our new ISO 13485 certification and passed the MDD inspection for recertification of the CE mark which is currently under review. We are also adding another market and distribution channel for IVOB. We have submitted the proper regulatory paperwork to the government of Mexico, which is currently being processed.
We are in the process of manufacturing additional product to assure that we have an adequate supply in our inventory. We also just completed the design to manufacture our own retention system to decrease the cost to INVO, to our customers and ultimately to the patients. The actual manufacture of the new retention system will be performed by one of our qualified suppliers. Additionally all critical suppliers were re-audited this year and successfully passed their assessment as well as potential new suppliers are in the process of evaluation. In addition to the new retention device, we are also re-designing our holding block to make it lighter, more ergonomic and less expensive to further reduce the overall cost. These cost cutting measures are being taken to stay with our mission of providing a truly low cost, highly effective reproductive treatment.
As we have stated in the Shareholder updates since receiving FDA clearance our intention is to become current with our SEC filings. We have taken significant steps to get there but are not there yet as it has proven to be a much larger task than optimistically believed to be and communicated to you. These are not excuses but facts, we secured the necessary funding to allow us to complete the full audit, filing and review process through Q3 2016. When we were filing on a regular basis we used Quickbooks Enterprise software, when we lost our funding we had to use other simpler alternative systems. Upon receiving FDA clearance the decision was made to move forward with QB Enterprise as that is where all of our history was, it took a little time to find a resource and to rebuild the financials up through today. We only have 1 person with financial expertise to work on the financials and all of the requirements of the audit. As a team we have pinched in and assisted but much of the work falls on them as we have not found many people who would work for no pay! The INVO team and the auditors are focused on completing all of the steps necessary to complete the 5 year Annual Report on Form10K. We are getting close to wrapping up the audit, then moving to generate the 5 year financials, the Form 10K with quarterly supplemental information then having a legal review and finally moving to the XBRL filing format and getting the 10K filed. All steps that take time. Once that is complete we will be go right into the Q1 2016 audit and form 10Q followed up Q2 with the intention of getting Q2 filed by the August 14th deadline. No stopping just a methodical process of getting things done that must be taken care of.
i'm tellin ya, take some money out and open a schwab account. you can buy through them.