Until the most important event for IDND shareholders since November 2014. Wow...We are a little older, wiser, have mellowed somewhat, have been anticipating this report, the first communication from the company in over 4 months. I have been counting the days, the hours, the minutes, the seconds, and yes the mille and nano-seconds (I have trouble keeping up with them, but I try because I don't want to fall into the past). It becomes time consuming, but I think we should now try to take a deep breath and relax a little. I know, I know. It is not as big an event as the Super Bowl maybe, or the signing of the Declaration of Independence, but then this is all apples and oranges because the experience is subjective. To us it may be even more important than either because we have all our money invested here and our precious futures depend on this company's success. It is barely springtime, the time just following the Vernal Equinox, the dawn of the time of the annual Wind Moon or Seed Moon as described on the Pagan Calendar, when all IDND Shareholders who also spend time on the Yahoo message board come out of semi-conscious hibernation to watch for the OTC Filing of the IDND Annual Report, and then, when it finally appears, parse through every word, combing for words and phrases of note hoping to find every spark and ember that may rekindle an inkling of serious interest and excitement surrounding this investment. We will have our various interpretations as well, and our individual behaviors, just as with regular people and the Bible. We will see the report. It will be the same report we all read but yet we will all see something different. Like religious people with a miracle we will all be totally nuts for a while. But that is what makes the discussion interesting. I for one hope it is a positive report with new items of interest, some milestones of achievement, showing substantial progress toward the promised land of wealth and plenty for all (all IDND shareholders).
FYI - Shorts tend to low IQs on average. Instead of covering when it starts and continues rocketing upward (with slight intermittent dips of profit taking by longs who tend to have higher IQs) I have observed them becoming all the more tenacious, and even selling more. The also tend to be masochistic and like attention, and hence love the pain of looking and feeling stupid and losing money while posting obsessively. Seen one, seen 'em all. Cheers.
Cash would be more straight forward since IDND is existing hand to mouth. Not to be negative but realistic, we have been losing money from the get go but are close to breaking even. All we need is another large customer to stay in business. Currently we are staying afloat using the old promissory note and issue cheap shares (@.42 cents) tactic. We had to pay back $200,000 by January. But we are paying 6% to 10% which is really not that high a rate for uncollateralized risky loans. I doubt we could get that from a bank. But so far the company has issued over 80% of its authorized shares. It needs to be careful now not to reach its limit before it achieves positive cash flow. We need one new large customer at least, and of course it would be nice to have several. The new markets the company has been talking about don't seem that easy to penetrate just based on the time it takes to get going. Only the big companies seem to have the money to upgrade their equipment so we are focusing in the right places. But we have been establishing relationships, and negotiating and selling for years without anything new happening of late. Even the PepsiCo China distribution agreement which was so exciting and which is why I bought in initially has been in place since 2011, and renewed recently, without any orders as of yet, though there was a fairly strong forward looking statements about it happening this year! It is a great product and there is a great potential market. It provides an advantage to anyone who adopts it. Something's got to give fairly soon. I just hope it starts happening before we run out of shares and go belly up. I couldn't afford that situation personally (I take responsibility for taking such a big risk but in retrospect I am getting a bit nervous). I will know by the end of this year if I am in or out. If we are still in a 'nothing yet' state after august you might see another several hundred thousand shares going up for sale at .25). Otherwise if we finally start to enroll new customers, get to positive cash flow, we should focus on paying the debt, any necessary expansion, and I will hang on through that bump.
I wish good luck to anyone who bought today at .25. I added a couple thousand to my position. But couldn't afford more. So far almost all of the 30,000 offered has been chewed up. It sure looks cheap to me.
Another thing that might help is that the USD has cooled off a little as of late. I notice CAD USD is back to $1.25 and facing bearish pressure (could decline further). Declining USD VS CAD makes PLG worth more in USD dollars.
don't even respond to posters with sociopathic names. Their names usually describe the content. POS too, says he's always right but has been advising people to sell since it was in the 20s a few months ago and gee whiz it is now 47. So what is his advice generally speaking? a POS.
The point I am making in this discussion is that I hope we have news of a purchase order (PO) from PepsiCo. But there is the possibility we haven't received one yet. I expect we will have one received between 'already' and by August (based on the last report's statements). The sooner the better, but I am prepared to sit tight a little longer.
He started covering at 35 and is still trying to cover. That is what is driving the price up so much. Otherwise we'd still be at 35.
That maybe true for 3 or 5 thousand shares. I think if you wanted to buy 100000 shares you would have to wait quite a while if you want it filled at .245. But same if you wanted to sell 100000 shares at .445. As an FYI, over the weekend, the little green bird that flies up to the top of Mt. Everest every 1000 years or so to sharpen its beak was just observed performing this rarified ritual over the weekend. The wise man whose beard covers the other side of the mountain (which no one can see because it is white against the snow), who wakes up only once every millenium to watch the bird, was seen gazing out over the frigid landscape when he opened his mouth and said, "I am not a prophet but if you want a profit, then I say, "shareholders of IDND may have to wait until this mountain has been worn down to a mere heap of sand and dust and by this tiny bird before it(IDND) goes to $30 (translated from Rupees), but if you only want it to go to $3.00, that is a diffrent story. It could in fact hit $3.00 well within the current karmic cycle of life and death, in fact, within "mere years". When the bird flew back into the distance of oblivion, the old man fell back to sleep. I just have one question. Is that considered inside information? If it is, I can't act on it. Does anyone know if it's true?
I expect the report will provide as much detail as possible. The expectations are high and naturally we are on the edges of our seat for any detail regarding the PepsiCo supply agreement, and hopefully it has to do with progress, activity, a milestone, dates.
At one point today the buy/ask spread exceeded 33%. Yesterday my IRA was down 15% YOY now it is up almost 4%. I can't wait until the ups and downs are all inside a profitable range such as in the 2.00 to 3.00 range.
Metals in a little rally today. At least gold and Pt are back well into the 1100 range - If small investors have stopped dumping their PM ETFs we might see industrial supply and demand take over and buoy the prices a little. $1200s anyone?
Our Scientific Advisor Stephen Forrest is being honored at UM: With the Distinguished University Innovator Award (established in 2007). If you google nanoflex in the last 24 hours (as of now) the article will pop up. It mentions Nanoflex his most recent venture.
This message board has gone back to not being linked to the symbol in yahoo. Aren't we good enough, or have we been excommunicated for sedition? I saved a direct link to the board because it was disconnected at one point previously and thought it might happen again.
I know what I am saying. I think it is a common sentiment. But I will sit down. Currently I'm living with the quarterlies. But would be nice if they returned phone calls, emails, or if they can't manage that, one or two letters to shareholders would do a little more to keep us current.
I wish there was better communication too (singing to the choir) the lack of which has to be the darkest side of owning this stock. I agree. More PRs to keep us current on progress, do an interview now and then, and have someone respond to emails and phone calls. Let us know we aren't falling into oblivion.
No need or rationale for a reverse split. It wouldn't impact the value of the company and literally it is not something to consider strategically when we are so close to breakeven and we aren't worried about staying on an exchange, or being included in a certain type of portfolio. That said, no one can disagree the 20s are back. I suspect someone is selling probably fearing a disappointing report. It should pass. I am waiting for the company to at least finally achieve a profit, receive orders, strike a few deals before I sell. Good report or bad report, the beef should be in by the 2015 year end report IMO. In a couple weeks I'm sure we will all scour the report for any new details of progress. You are already disappointed and so am I slightly. But life is a bowl of cherries not necessarily. There is always the beautiful, the good, the bad, and the ugly. I can't say I am just a bowl of optimistic sunshine. For all I know you might be right, but so far I am drinking the Kool-Aid of progress and expecting the long awaited royal orders from PepsiCo China to arrive sometime this year so I am not selling but will read the report and decide if I want to buy more at these prices which I am considering. I only need additional up to date confirmation that we are still on the right track strategically and tactically, that the dominoes are falling in order.
This company's unique product gives any beverage distributor a major strategic advantage because it is a superior tap aseptic tap that is not yet used by more than a small fraction of the market. It is inexpensive too. The only thing that I can think of is that there is some cost and logistics effort for the manufacturer tied to modifying the production process. But otherwise it is a no brainer. I don't know it all but I would expect that within the next year we on-board one or more clients seeking an 'early mover' advantage. Now is definitely not the time to sell (assuming not selling doesn't conflict wiht your time and risk horizon) and actually just the opposite (a good time to buy if you don't already have enough or too much and you can wait it out for several months). I would think it would be well worth waiting out the next 12 to 24 months. Looking for more signs of progress, and not just from PepsiCo. Cheers.
No offense meant. Having had optimism s a weakness, I know not to count on anything unless I see it. I still tend to have a long term optimistic view but I have been in IDND since 2011 which is recent next to some, and while we seem ever closer to crossing the Rubicon into the black, I have been forced to realize that we have been further from that point than it had appeared. I had the same feeling once driving toward the Rocky Mountains. When they appeared on the horizon I thought I'd almost arrived but as time passed, they seemed to remain on the horizon, like chasing a rainbow, moving away from us as we moved forward. The .20s appear to be the new normal which doesn't bode well for my IIRA which is down 15% since 2011 (my worst performance since inception) as a result. I hope I am wrong about not expecting what I have no evidence of yet, but it would be nice if I am wrong, With all the 'potential clients' we read about every quarter, and with such a great product as we have, I'd think at least one of them would sign up! It offers a competitive advantage and costs so little. Longer shelf life for a number of widely consumed beverages without refrigeration seems like a no brainer. I don't get it. A strong sales team with an inexpensive product that should sell itself. It baffles me. But I don't expect this report to be much different from the previous. I think he said in the report that Pepsi HQ and PepsiCo China stated they would absolutely ramp early to mid 2015. Mid 2015 to me is anywhere from April to August. The reason I am hopeful here is the statements originated from Pepsi and not merely from a forward looking manager. J
If we had orders I am fairly certain there'd have been a PR. They are probably still working on helping them with the logistics of integrating, retrofitting the aseptic tap into their production process. Managers and longs tend to be overly optimistic. I have been guilty of it as well. We expected FDA approval for use of our tap for dairy at ambient temperatures by June 2013. But nothing yet and it is 2015. I think we may have an updated report on progress in this 'frozen' industry (which apparently changes at glacial speeds as implied in the last report). I hope we orders and shipments from and to PepsiCo China by year end and I think that is optimistic given the rate at which we have been making progress. I am still holding my shares on that basis.