I am trying to get my head around why we have so many unproductive clinics. $80k in revenue with 68 units coming from RMA Texas. We know that Calgary and two new clinics were recently added, so we had 47 producing clinics of which maybe 7 were still tooling up. The other 92 units were administered by these 40 producing clinics. Wow, these 40 clinics produced less than one unit per month over the last quarter. From a Wall Street prospective, this does not feel like a major success. Next quarter, we will have 150+ units coming from Calgary and let's assume another 68 from RMA Texas. Any quess what the other 48 clinics will produce next quarter? I am guessing 100, which is still less than one unit per month per clinic. Why? Did these clinics just buy in to get an exclusive in order to remove the competitive risk and just continue to push their highly profitable IVF. If Invo Bioscience were to offer an exclusive to a clinic for a couple of years with no minimum purchase requirement, why not sign up, which effectively removes any competitors, which could cut into their profitability. New clinics need to be fully engaged with at least minimum purchase requirements annually or at least be at risk of having their contract recinded for lack of production so Invo Bioscience can remarket it to a clinic in the area which will be engaged and commited. Why aren't more clinics productive? So far, we have only two full commited clinics. A lot of energy has been expended with minimal results from the majority of clinics, in my opinion.
Even though I am definitely blow my buying price and lost more than 12% of my investment so far. If I would sell today of course. I honestly think that given the current situation management yes doing everything possible to make this company successful. Throughout the last several years they have shown a very strong commitment to not diluting the shares. For me this is one of the biggest factors of why I believe in this company. I have seen so many other companies with chronic daily and raise funds scheme. It is refreshing do you see the company management sacrificing their own salaries while the company is growing. PS I really need money for a pool right now and this hurts but in the long runthis will be a gold mine
My friends, the main reasons I'm asking Katie to look for the right partner or even investor, simply because 1) INVO does not have the needed money and right resources to promote, market and even produce and distribute this unique product. 2) In order for INVO to attract more clinics and ensure the success of those already signed-up, INVO needs to be involved in marketing and promoting of the system and in supporting signed clinics. 3) If INVO because of lack of money and other resources is slow, procrastinate or take a long time in doing so, they could and for several reasons end up loosing everything. Since all of this needs resources the best and fastest way to do it is having or teaming with the right companies, and let me tell you the disastrous way which I'm afraid INVO management may attempt to do to raise money, and that is doing a reverse stock split in order to sell more stocks.
Wake up shareholders (I was one of them and waiting to get back in), they said in an old PR that they would be doing an offering to raise cash down the road. That is why the stock is so low. Management should just get it over with, issue some shares, probably at .15c or so, and get it over with so we can move forward. As soon as they do it, I am back in. They are hesitating.
No takers of 20,000 at 22.4. Kind of a depressing day. Need something to move this in positive direction. I am hoping a discounted dilution is not coming, but we need something to move this stock.
This hurts :(
Dear Kathleen, thank you for signing up 50 clinics in 11 states, but still I strongly believe you can and should do more. Simply because your INVOcell device is very effective, well designed, reasonably priced and more important it is really needed not only in the USA but worldwide. Therefore, my advice to you is to find the right marketing partner(s) or investor(s) that will enable you to sign up hundreds clinics and much faster.
Now that we can see the trend is going in the right direction, would be nice to see the sell blocks disappear and stock go up slowly. Because of the low volume, the stock has been artificially held back. Only positive news has come out past two quarters, and Q3 will be even better...This is a trend line anyone would see as a reason to buy in at these prices. We are due for an upswing.
As long as we're using shares for services rendered, these scared sell blocks are going to plague this stock.
Earnings inline with my prediction: 80K-100K. The Texas RMA clinic surpassed my expectations with 68 patients treated during the quarter. Thats one clinic! Q3 will include Calgary which only started taking patients at the beginning of Q3, so we should have a stellar Q3. As the other clinics start to get patients on a more routine basis, we will grow exponentially...all it takes is a few more patients per quarter per clinic, quarter to quarter...and more clinic expansion.
Well the revenue was very disappointing. But at least they got this done in time. A nice write up also. We are seeing more press releases so I must give credit.
Get some VODG before it goes up too much more, it in my opinion is a steal at .10. Check positive results for treating autism is just one of the things you are going to see with there product, it is a side effect of the concussion regenerative therapy they do. Soon we will probably see positive results for the other 30 patents they laid down for brain disorders. Do you really want to miss out on this company? https://finance.yahoo.com/news/vitro-biopharma-reports-positive-clinical-133000325.html
Vitro Biopharma Reports Positive Clinical Trial Results of Stem Cell Activation Therapy for Autism
GOLDEN, CO / ACCESSWIRE / August 8, 2017 / Vitro Diagnostics, Inc. (OTC PINK: VODG), dba Vitro Biopharma, announced initial results of a Phase I clinical trial testing the effects of its proprietary stem ...
What I don't understand is how a company that is about to have positive earnings in Q3, with two quarters of revenues and all financials done, with FDA approval, with new clinics signing up every month, is trading at prices not seen since months before FDA approval. Second, how this new tech is not being approached by suitors yet is also a mystery. I truly never thought I would see the low 20's again...and here we are.
Folks I have held this stock since 2009. At that time the stock was .03 and floated at .01. So much upside right now and it will take time. Relax and hold onto your shares. DO NOT SELL!!! In fact at these prices you should be buying. Good news keeps coming out and more clinics keep signing up. Give it time.
INVO Bioscience Reports Record Second Quarter 2017 Financial Results
MEDFORD, MA / ACCESSWIRE / August 10, 2017 / INVO Bioscience, Inc. (OTC PINK: IVOB), a medical device company who was granted FDA clearance for the first Intravaginal Culture System, INVOcell™, today announced ...
10Q is out, havent looked at it yet but its up
Anyone see the latest Ranoux filing? I never saw it posted here and just got the notification last night. He sold some more shares -- down to 19%. It was posted on the 28th of July.
To the investors with still a brain, do not buy into this hogwash that selling at .50 is a good thing. don't sell your shares until this really explodes into 3-7 dollar ranger.