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Vertex Pharmaceuticals Incorporated Message Board

shorthound 108 posts  |  Last Activity: 14 minutes ago Member since: Nov 8, 2000
  • Reply to

    June 2016 Update

    by shorthound 18 hours ago
    shorthound shorthound 14 minutes ago Flag

    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.

  • Reply to

    Where is the update published?

    by feoli2003 53 minutes ago
    shorthound shorthound 37 minutes ago Flag

    It was on the website yesterday afternoon. just checked, its still there.

  • shorthound shorthound 2 hours 25 minutes ago Flag

    i'm tellin ya, take some money out and open a schwab account. you can buy through them.

  • Reply to

    update

    by jetssssssss07 14 hours ago
    shorthound shorthound 2 hours 29 minutes ago Flag

    I don't think it was negative at all, it was factual. It was squarely directed at those who harp about the daily performance of the stock or lack of and the continued buyout rumors which they don't seem to be interested in. They are focused on executing on their plan and that will take time as I ve been saying for awhile now.

    Surely there will be some that will bellyache about them not releasing financials today but if you look at everything they have accomplished that was not known such as the ISO & MDD audits and re-certify for CE not to mention applying for Mexico and mention of various additional clinics that have not been formally announced yet, imo they are kicking butt!

  • Reply to

    June 2016 Update

    by shorthound 18 hours ago
    shorthound shorthound 18 hours ago Flag

    I ca't get the rest of the update to post/stick. I keep posting it in sections but they go away.
    Just check the website for the full update folks.

  • Reply to

    Effortless IVF Texas

    by shorthound Jun 28, 2016 8:17 PM
    shorthound shorthound 18 hours ago Flag

    Facebook page also up for the texas location.

  • shorthound shorthound 18 hours ago Flag

    I agree. Surely there will be some that will bellyache about it but if you look at everything they have accomplished that was not known such as the ISO & MDD audits and recertify for CE not to mention applying for Mexico and mention of various additional clinics that have not been formally announced yet, imo they are kicking butt!

  • Reply to

    June 2016 Update

    by shorthound 18 hours ago
    shorthound shorthound 18 hours ago Flag

    We have attempted to keep everyone updated when there is something to mention. We have readily answered the questions that were concerning shareholders where actual results are concerned. They were; what are the number of shares outstanding, we identified that 2 updates ago, another was revenue so in the last update we shared what those were. Since 2008 we have stated we lost money and continued to let everyone know that through 2016 we are still losing money even after cutting expenses. What we are doing is producing a required legal document that must be fully supported and verified and it is taking more time than expected.

    This objective is key and we are doing it as quickly as we can with the 1 resource we have. Again as we stated last time, this is a requirement for raising the additional capital needed to expand our resources to support the growth and sales of INVO to become the standard of care for infertility. We continue to have discussions with the same interested investment banks we mentioned earlier in the year to secure the long term financing we require.

  • Reply to

    June 2016 Update

    by shorthound 18 hours ago
    shorthound shorthound 18 hours ago Flag

    In conclusion here are a couple of other building blocks we have been working on;

    We exhibited at our first US Woman’s Health conference since achieving FDA clearance and it was a well-attended event with over 200 Boston area medical professionals and a lot of buzz about this novel device and procedure. Our booth presentation was equal to some of the much larger and well established medical companies also presenting at the conference. Based on the success of this conference we are evaluating similar conferences in the fall across the US.

    We have secured our first exhibition booth at the 2016 American Society of Reproductive Medicine Annual Conference in St Lake City, Utah for October, more to follow.

    We are taking steps to improve our website as we know if has been lacking information and content to provide a more up to date method of communication with all people interested in INVO.

    We will continue to send out updates and press releases as we develop relationships across the US and beyond.

    We thank you as we continue to take the necessary steps to build INVO Bioscience into an international reproductive medical organization.

    Sincerely,
    Kathleen Karloff, CEO
    Claude Ranoux, President

  • June 28, 2016

    Dear INVO Bioscience shareholders and friends,

    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.

    We would like to take this opportunity to update you on the status and activities of the company.

    Since receiving FDA clearance at the end of last year, we have trained 11 IVF clinics on the INVO procedure who requested to use the INVOcell in their facilities. These include practice groups with multiple locations in California, Utah, Idaho, Arizona and Texas along with single location centers in New York and Virginia. We also have 7 clinicians with locations in Tennessee, Missouri, Illinois, South Carolina, New York and New Hampshire that are being scheduled for formal training over the coming months. Another 6 IVF clinics have recently reached out to us, and we are providing the information they requested to commit to coming on board with the INVO procedure. We continue to work with our small staff to contact, educate and train physicians to expand the use and sales of the INVOcell device.

  • From the June Update...

    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.

  • Reply to

    WHATS THE OVER / UNDER

    by erik_pa78373 21 hours ago
    shorthound shorthound 19 hours ago Flag

    Guess I was wrong, but I've said it doesn't matter to me. They have been extremely busy.

    Update is posted on the site!

  • shorthound shorthound 19 hours ago Flag

    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.

  • Since receiving FDA clearance at the end of last year, we have trained 11 IVF clinics on the INVO procedure who requested to use the INVOcell in their facilities. These include practice groups with multiple locations in California, Utah, Idaho, Arizona and Texas along with single location centers in New York and Virginia. We also have 7 clinicians with locations in Tennessee, Missouri, Illinois, South Carolina, New York and New Hampshire that are being scheduled for formal training over the coming months. Another 6 IVF clinics have recently reached out to us, and we are providing the information they requested to commit to coming on board with the INVO procedure. We continue to work with our small staff to contact, educate and train physicians to expand the use and sales of the INVOcell device.

  • Reply to

    WHATS THE OVER / UNDER

    by erik_pa78373 21 hours ago
    shorthound shorthound 20 hours ago Flag

    Erik,
    looks like someone doesn't have a sense of humor to give that a thumbs down.
    I thought it was pretty funny. Oh well.

    I'm going to take OVER and say they need at least 2 more weeks although I am rooting for them to come in on time.

  • shorthound by shorthound Jun 28, 2016 8:17 PM Flag

    Looks like they may finally be getting ready to launch their clinic. There is a video on youtube that references the effortlessivf US website but it is not live as of yet.

  • Reply to

    Over 60,000 shares bid at $.35,$.351

    by feoli2003 Jun 27, 2016 11:41 AM
    shorthound shorthound Jun 27, 2016 12:34 PM Flag

    don't forget, only 3 trading days left after today for financials.

    c'mon Katie, we're counting on you.

  • Reply to

    Prediction

    by chiefpalo2 Jun 23, 2016 9:54 AM
    shorthound shorthound Jun 23, 2016 4:12 PM Flag

    too many red flags, really?

    You mean the billions of shares that have been issued over the years? No?

    Well then it must be the $250k+ salaries they have been paying themselves every year for the last 5+ years, hmmm not that either.

    Those are the main two things I see in numerous penny stocks. Not just that but toxic financing/warrants which dilutes the crap out of the shareholders, bogus and complicated partnerships or acquisitions amongst other penny stocks touting synergies, blah blah blah all in an outright effort to enrich the principals, etc.

    I don't see any of that here. I see the same 2 1/2 people that steered this lil company through a maze of FDA delays over the past five years with a life changing product that will make having a child more affordable for millions of couples.

    They have struck deals with a few major players in significant states such as Arizona, Texas and of course Washington DC which I think is fairly strategic. They also partnered years ago with Invaron who was instrumental in carrying out the US Trial with their partner CARE Fertility and have initiated their own INVOcell clinics across Canada which will rollout over the next few years.

    You have to be able to see the forest thru the trees people. peace!

  • Reply to

    Prediction

    by chiefpalo2 Jun 23, 2016 9:54 AM
    shorthound shorthound Jun 23, 2016 4:09 PM Flag

    smh myopic

  • Reply to

    IVOB

    by davelogan88 Jun 23, 2016 11:13 AM
    shorthound shorthound Jun 23, 2016 3:59 PM Flag

    they were OTC pink non-reporting for several years while they struggled to stay alive during all the FDA delays. I don't believe they will be de-listed.

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