"We believe INUV is partly differentiated because it has leveraged its core technology to create its own systems for analytics, advertising, and content management. This helps the company to reduce reliance on external partners and maintain better control of operational strategy," the HC Wainwright report stated.
Last March the company did do a presentation for a Roth conference in Dana Point. I'm sure they didn't do another last week but rather probably stopped by for a visit while they were in CA for Riley. The two cities are only about 60 miles apart. Seems to me that there's another conference coming up next month but I can't remember where. I'm very glad to see that management is being more active in getting the story in front of investors.
Last week Rich Howe gave a presentation to Roth Capital Partners on 5/13. The next day 5/14 was the day the stock traded over a million shares. I would say that someone liked what they were hearing....
I'm still curious about Privacy Star. I think that company has been around since 2008 and I have no idea of their annual revenues. I mean we all know that we have an obvious connection with Charles Morgan being involved with both companies. I wonder if there would ever be a chance of both companies becoming one? It's still interesting that they're both moving to Little Rock together.
It's always amazing to me when I see an insider like Chas.Morgan buy 25,000 shares one day last week @$2.15 and then a couple days later buy another 37,000 shares @$2.12 and then see the market maker trying to push the price down under two dollars this week. I really think Charles knows what's going on better than any market maker.
The last time I asked management about their thoughts on acquisitions was around Feb.5th. Here's what they told me then.
acquisitions - yes, we'd consider them, but probably only when our stock reflects the underlying value of the business, which the data suggests is at least 1.5 times sales. To do so at current valuation dilutes shareholders to much.
The stock was around $1.30 at that time. I'm with you on the thought that there is something more going on. I still believe that Charles Morgan has a lot to say about the strategies for Inuvo. Privacy Star is a private company with I believe around 30+ employees and I think that Inuvo has about 40+ employees. What should the true valuation for Inuvo really be? I mean they are coming off the best year ever in the company's history. Inuvo has never gotten the recognition that they deserve. They are just a small micro-cap company and there are very few if any other companies their size that are making money period. They aren't moving into bigger spaces for no reason. They are moving because they are growing....period. I think the market is already pricing in a lite number. It will be interesting to see what they do in the next few days. I have been buying some shares each time they have dropped it into the low 2's.
I was looking at the Yahoo results early last week and they said that the parts of their company that were doing best was video, mobile & native advertising. That sounds good for Inuvo. Google is also doing well in those three areas.
Inuvo has two more presentations coming up soon. I do believe that the company is beginning to be on the radar of more funds than ever.
Inuvo has some very smart people on its board. Conner engineered the company’s acquisition by private equity firm Thoma Bravo in 2009, and transitioned Entrust into a private firm. In December 2013, it was announced that Datacard Group had entered into an agreement to purchase Entrust for a reported $500 Million. Conner will take on a consultant role.
I think it's very interesting that Privacy Star & Inuvo are both moving to Little Rock together. Privacy Star was in Conway before Inuvo moved from New York. I think that Chas.Morgan has a big influence on the operations of Inuvo....more than we think. He's the company's largest shareholder and a very successful person in his own right...so I look at his involvement has being very positive.
That article mentioned the $3M debt but they failed to mention that the company has paid down their debt from around $12M to that $3M in the last few years. Of course they don't want anything to have a positive spin on it. Even at today's price Inuvo is only trading at about 1x's earnings.
I did contact management today after that article was published and they replied that they are very well aware of the true motive behind the article. They also commented that responding to these kinds of articles only legitimizes them and so their article is just not worth commenting on. I will be buying in the morning.