searay2701
2 days ago
If there were positives involving this company/stock this company and its stock would not be in the position that it has been in for a long time, whether it be on Twitter, Facebook, or newswire with real new news. Why is this ceo so quiet for so long, either he is away on a long vacation or he is showing what he thinks of his regular shareholder’s by way of how he cannot not control this company in the way that is needed to move North to profitability by now, two decades ago and therefore has taken the route he has for so long. Some posters have seem to hit it on the head here, in order to go anywhere North with IVDN what is needed by now is someone at the helm who has the knowledge, has the youth, and the perseverance get the job down and soon before this company and it’s stock become history! After two decades Mr. ceo, and in the position this situation is in, yes I am repetitive, is there any wonder why!
searay2701
2 days ago
I have been thinking, is it discriminatory that a stock can be allowed to be traded by a group, market markers etc, which affects that stocks price but not by any other group such as regular investors. I know that marker makers have to have shares in the process of regular trading of a stock, but when trading is suppose to cease, it should be completely stopped, the price of that stock should be frozen to all. Current rules do not allow a fair playing field to be operated by anyone or any group who affect that stock’s price, by the time that that group of specialist are finished in some instances a stock could be no longer alive by the time it was suppose be released and back to regular trading status, it should either be tradable by all who could have any affect on that stock’s price or not by any group that could any affect on that stock’s price at any given time. JMOO
searay2701
3 days ago
We know what direction this thing is still going, only a matter of time and the regular shareholder’s will probably see this stock trading in the trips next year if it does trade by then. Just look at where this stock was a few years ago and today, with all of its repetitive news that has come out trying to show this company being in a much better position today than ever before, then look at the stock, in it’s worst position of ever before, now who believes who here, most of the shareholder’s do not believe this CEO, and rightfully so with it’s long negative past history, and now, this stock is back to not trading, and why, because of this ceo’s still fumbling at the helm. MOO
searay2701
4 days ago
IVDN has been a merry go round situation for a long time. 2023 revenues were down, while all we have heard in 2024 is that % wise, 2024 %s were ahead of 2023’s drop, but we have not seen what the net revenues are to date, until and if good net revenues are reported to The Sec and reported legally on The OTC Market Website, not reported through other sources, I am not going with the thought that IVDN has changed it’s long time direction of going deep South. IVDN’s stock price dropped from $2.00 to presently a non trading price of $.12, showing that reality had set in after two decades of a floundering situation. Old news is just that, old news. This CEO, in this really two man operation, needs to make real positive things happen soon or we will all be seeing, without this company having sufficient funds, the end of IVDN, there is a time, especially in todays age, just talk will not carry a company the end of a company that if it had been handled right from the get go could have really have made a change. MOO
ProfitScout
4 days ago
Yes Blazing Stocks, official news from the company is the only valid material for real investors as it is fully accountable to the SEC for accuracy and truthfulness. And, of course, it does not matter if it is one day old or longer. Everything else posted on chat boards by anonymous persons with questionable agendas has no credibility at all. IVDN management will get its temporary reporting issues resolved and then we should certainly be getting more updates on the record sales year the company is having in 2024, as already reported in the most recent news below.
Innovative Designs Sales Update
May 30, 2024
https://finance.yahoo.com/news/innovative-designs-sales-110000236.html
Innovative Designs Vendor Growth
April 10, 2024
https://finance.yahoo.com/news/innovative-designs-vendor-growth-174255528.html
World International Patent Organization (WIPO) Application Accepted on Superior Insulation Advancement to Maximize Global Marketing Opportunities for Innovative Designs, Inc.
Dec. 27, 2023
https://www.newmediawire.com/news/world-international-patent-organization-wipo-application-accepted-on-superior-insulation-advancement-to-maximize-global-marketing-opportunities-for-innovative-designs-inc-7071640
Innovative Designs Inc. Receiving Orders From Numerous New Client Accounts for Top Performing Insultex House Wrap With Unmatched R-6 Insulation Value
October 26, 2023
https://www.globenewswire.com/news-release/2023/10/26/2767843/0/en/Innovative-Designs-Inc-Receiving-Orders-From-Numerous-New-Client-Accounts-for-Top-Performing-Insultex-House-Wrap-With-Unmatched-R-6-Insulation-Value.html
Innovative Designs Adds New Accounts
October 2, 2023
https://www.globenewswire.com/news-release/2023/10/02/2752606/0/en/Innovative-Designs-Adds-New-Accounts.html
Innovative Designs, Inc. Receives $100,000 Direct Private Investment from Board Member Mr. Robert K. Adams
June 5, 2023
https://www.globenewswire.com/news-release/2023/06/05/2682134/0/en/Innovative-Designs-Inc-Receives-100-000-Direct-Private-Investment-from-Board-Member-Mr-Robert-K-Adams.html
berigud
4 days ago
HAHAHAHAHA, good one Blaze. All the news releases, over all the years, have proven to be LIES. Why believe this one? What makes this lie different?
Even if IVDN had a million dollars in orders, was able to fill those orders (I doubt it), it still is a puny business. It is a fraction of 1% of the USA house wrap sales.
Joe Riccelli needs to be FIRED NOW.
Hey fellow shareholders, after all these years how does it feel to get screwed and lose all your money invested in IVDN and Joe?
searay2701
5 days ago
Just doing some research today in seeing if there is still any connection between IVDN and LIGA. It seems LIGA may be trying to spin off the housing material business and go into the Carbon Business. As far as Liga’s stock price goes, it is in the same tank as IVDN is in. If the building business is starting to begin to suffer overall, then IVDN, regardless of any little savings, of which may come from using IVDN’s product, the near future could be the nut that could finally crack IVDN’s future existence. JMOO
searay2701
5 days ago
No guessing here about what type of business operation this company has been and still seems to be, just look at it’s long history that has gone on here. The longer time moves on, this situation has gotten deeper and messier than ever before. Where are the pumpers now with constant repeated news of what is supposed to be happening and how the future is going to be so great for this company, a company that has been burying itself for over two decades with talk, where are those company’s, supply houses, distributors, contractors that were, are suppose to be moving more and more IVDN materials this year than last year, no more mention of them since May 30, 2024. Notice how Tyvek and a few of the other companies products are doing this year compared to IVDN’s product in 2024. I have not seen any other company come forward with an offer to buy out IVDN, why, why should they, it will probably be only a matter of time before IVDN does itself in, $2.00 to now, years later at $ .124 and currently not trading. MOO. Everyone must do their own research to come up with their own decisions.
searay2701
2 weeks ago
tigerpac, with some company’s it’s nothing new, some words come out from time to time of which are just that, some words, with nothing really backing them up, it is what some CEO’s do to try and keep their shareholder’s from leaving, keep them on a string sort to speak, just look at how long the string has been concerning IVDN. MOO
ProfitScout
2 weeks ago
Quite right, greendolphin. IVDN is set up for a payoff in higher shareholder value to begin as soon as the company resolves its temporary issue with the overdue financial filings. As we know from the official news the company has been issuing, IVDN is experiencing the biggest sales and revenue growth phase in the company's history. This is, in no small part, due to the efforts of new Insultex marketing partners like Built Link Solutions, as mentioned in the news below. With a superior product and a very capable sales team like this, IVDN has now found the formula for success. Just a matter of time for the reporting issues to be worked out and the stock to get its proper recognition. And, of course, official news releases from the company are fully accountable to the SEC for accuracy and truthfulness so they have credibility. Anonymous nobodies on message boards are accountable to no one and therefore have no credibility at all.
--------------------------------------------------------------------------------------------------------
Most recent official news:
PITTSBURGH, PA - (NewMediaWire) - May 30, 2024 - Innovative Designs, Inc. (OTCQB: IVDN) continues its upward sales trend into the end of May 2024. Year-to-date sales have already surpassed FYE2023 by over 33% with 5 months remaining in FYE2024. The growth is attributed to a substantial increase in the number of new retailers that are now carrying the company's Insultex House Wrap(R). As new energy codes are implemented across the United States, homebuilders/contractors are using Insultex House Wrap(R) as a convenient R-Value continuous insulation to a wall system.
Our notable growth in sales can be attributed to Built Link Solutions (Formerly Compound Construction) based in Grand Rapids, MI. Built Link Solutions is working to become the primary source for industry professionals, innovators, and stakeholders to discover, evaluate, and adopt the latest advancements in building materials, tools and technologies. Having curated a comprehensive national distribution network, they bring pioneering solutions like Insultex House Wrap(R) to market, propelling the evolution of the construction industry towards a future where innovation thrives, and buildings meet the needs of tomorrow. Since coming onboard, Built Link Solutions has:
Established a comprehensive national distribution network to service customers where they are when they need it.
Grown national awareness of product benefits and specifications through their dedicated sales agents and attendance at building industry trade shows across the country.
Conducted in-person sales training and online seminars to educate sales associates on Insultex House Wrap(R).
Streamlined the sales process to deliver consistent and superior level service to customers of all sizes and needs.
Implemented volume pricing models and incentive discounts to meet the needs for scale and demand.
As building codes and exterior R-Value requirements are quickly evolving across the country, Built Link Solutions has proven highly proactive in contacting prospective accounts, notifying them of the cost-effective solution that our Insultex House Wrap(R) provides.
Randy Kimbler, Director of Business Development for Built Link Solutions, commented, "Insultex House Wrap(R) is gaining traction in the market as it provides a timely and effective solution. Its cost-effectiveness, innovation, and ability to address today's building challenges are driving positive feedback nationwide."
About Innovative Designs, Inc.
Innovative Designs, Inc. manufactures the Insultex(R) House Wrap and Arctic Armor(R) Line, under the "i.d.i.gear" label featuring INSULTEX(R). Patented INSULTEX(R) is the thinnest, lightest, and warmest insulator in the market today. For more information, please visit http://www.idigear.com or http://www.insultexhousewrap.com.
Disclaimer
Certain statements in this press release constitute "forward-looking" statements as defined by federal law. Such statements are based on assumptions, but there is no assurance that actual outcomes will not be materially different as those implied. Any such statements are made in reliance on the "Safe Harbor" protections provided under the Private Securities Reform Act of 1995 and are subject to various factors, including the risks and matters discussed in the Company's SEC filings available at http://www.sec.gov.
CONTACT:
Innovative Designs, Inc.
Joseph Riccelli, CEO
412-799-0350
joer@idigear.com
http://www.insultexhousewrap.com
Built Link Solutions
Randy Kimbler, Dir. Business Development
616-443-3200
RandyK@Builtlinksolutions.com
https://finance.yahoo.com/news/innovative-designs-sales-110000236.html
searay2701
2 weeks ago
The BattleGround here goes on with this fizzling company, meanwhile it’s in Expert Market Mode, for how long we do not know, it’s dropped to $.001 this year and currently not tradable at $.124 and all this is after two decades, is that progress, or is it continually heading SOUTH for years, struggling to stay alive, after all, just read the Going Concern Section in all of The OTC Market Release Disclamers. MOO
searay2701
2 weeks ago
Last year, 2023, a NT 10-Q came out on September 6, we missed that date this year and there is a possibility that we may not even see anymore quarterly releases come out on The OTC Market Website this year. This CEO just keeps getting in deeper and deeper, and now IVDN’s stock is not even tradable currently, and at this rate for how long. There is not much of a question that reality is catching up with this whole situation here. MOO
tigerpac
2 weeks ago
It seems that part of the problem with reporting is that the company switched auditors in June.
It doesn’t excuse the fact that the Q report due 4/30 wasn’t released by end of June but with switch of auditors that obviously caused issues.
Two months later and still no 10-Q is not good. Either there are previously undisclosed issues with prior audits (despite the previous auditor saying there weren’t any), failure of management to disclose or come with necessary documentation to satisfy new auditor, failure to pay new auditor (maybe auditor doesn’t want shares).
The worst is that the company did not file any late reporting documentation.
Any money the company generates goes to pay back shareholders loans first, of which they have almost completed, unless they have taken out new loans. They issued a $50k convertible note due in Dec, got an SBA loan, and have been stealthy selling stock to private investors to raise $160k. Paying their landlord in shares for back rent and also paying consulting fees in shares.
Imagine buying a machine 9 years ago and it’s still not installed…..
searay2701
3 weeks ago
waterchaser, things are more than stale here. This company’s stock price has gone from the $2.00 area to $.001, to presently now being at a shaky $ .1249 which so far = being very close to a total disaster after IVDN has been around for over two decades. This company has put out info using %s, %s in what, the amount of orders that have come in of which possibly could be all very small $$ orders or it could mean $$ revenue increase %s, which one is it really, we will not know until a real financial release is reported not on twitter, Facebook, or any other site, but legally factually when reported to The Sec on The OTC Market Website, MOO
searay2701
3 weeks ago
If this company had such a very good % increase so far this year then why has not this CEO, under the present circumstances of IVDN’s stock not tradable and drastically lower currently, released a statement by now in saying, good news will be coming out soon, instead total silence currently, is most likely going to lead to hearing that that supposedly way ahead % in sales so far this year that we have heard so much about has not converted into much as far as revenue $$$ goes. MOO
ProfitScout
3 weeks ago
The real and verifiable facts here are that IVDN has strongly rising sales, new customers, new distributors, patent protection, little debt, insider buying, a small share structure with a very low float of only 16 million shares out, all legal issues resolved in the company's favor and, of course, the highest performing House Wrap insulation on the market with its unique evacuated cell structure delivering an R-6 value that no competitor can mach. All of this has come together as a result of IVDN management's diligent work over the past several years and has brought the company to its strongest position ever for 2024 and beyond.
Everything is well detailed in the official company news below which is fully accountable to the SEC for truthfulness and accuracy. Anything else posted by anonymous individuals on chat boards is accountable to no one and therefore has no credibility and means nothing to real investors.
Innovative Designs Sales Update
May 30, 2024
https://finance.yahoo.com/news/innovative-designs-sales-110000236.html
Innovative Designs Vendor Growth
April 10, 2024
https://finance.yahoo.com/news/innovative-designs-vendor-growth-174255528.html
World International Patent Organization (WIPO) Application Accepted on Superior Insulation Advancement to Maximize Global Marketing Opportunities for Innovative Designs, Inc.
Dec. 27, 2023
https://www.newmediawire.com/news/world-international-patent-organization-wipo-application-accepted-on-superior-insulation-advancement-to-maximize-global-marketing-opportunities-for-innovative-designs-inc-7071640
LIG Assets, Inc. Announces Agreement With Insultex House Wrap
October 30, 2023
https://www.globenewswire.com/en/news-release/2023/10/30/2769422/0/en/LIG-Assets-Inc-Announces-Agreement-With-Insultex-House-Wrap.html
Innovative Designs Inc. Receiving Orders From Numerous New Client Accounts for Top Performing Insultex House Wrap With Unmatched R-6 Insulation Value
October 26, 2023
https://www.globenewswire.com/news-release/2023/10/26/2767843/0/en/Innovative-Designs-Inc-Receiving-Orders-From-Numerous-New-Client-Accounts-for-Top-Performing-Insultex-House-Wrap-With-Unmatched-R-6-Insulation-Value.html
Innovative Designs Adds New Accounts
October 2, 2023
https://www.globenewswire.com/news-release/2023/10/02/2752606/0/en/Innovative-Designs-Adds-New-Accounts.html
Innovative Designs, Inc. Receives $100,000 Direct Private Investment from Board Member Mr. Robert K. Adams
June 5, 2023
https://www.globenewswire.com/news-release/2023/06/05/2682134/0/en/Innovative-Designs-Inc-Receives-100-000-Direct-Private-Investment-from-Board-Member-Mr-Robert-K-Adams.html
Innovative Designs, Inc. Receives Significant New Orders for Its Unmatched Insultex House Wrap from Two Repeat Customers
June 1, 2023
https://www.globenewswire.com/news-release/2023/06/01/2680753/0/en/Innovative-Designs-Inc-Receives-Significant-New-Orders-for-Its-Unmatched-Insultex-House-Wrap-from-Two-Repeat-Customers.html
Innovative Designs Receives Patent for Propriety Process With Low Density Foam
April 20, 2023
https://www.globenewswire.com/news-release/2023/04/20/2651420/0/en/Innovative-Designs-Receives-Patent-for-Propriety-Process-With-Low-Density-Foam.html
berigud
3 weeks ago
I disagree WaterChaser. IVDN is not going down because the infiltration of the "pumpers". They have had no affect on this company. Whatever they were paid was money down the drain.
IVDN is failing because of Joe Riccelli, our stupid, ignorant, idiot, imbecile, moron of a CEO. He has made one bad business decision after another. People do not like him, kind of makes it hard to sell a product. He has pissed off potential customers. Plus, he is an old, old man, for the last year he has been in poor health in and out of the hospital. He can not do the job and will not step away (at least Biden did). Shareholders have not FIRED our CEO because we are not organized.
Waterchaser, I have been calling for Joe to be fired for 3+ years, warning all here of our slow spin down the toilet. The pumpers have been puking up the old news releases over and over again. Considering that IVDN still has the same amount of shareholders, that no one is purchasing stock the last 3 years, nobody listens to the pumpers, they are listening to my warnings.
searay2701
3 weeks ago
It has been over three months, 05/30/2024, since any official news was released on The OTC Market Website about IVDN of which in really is the first and official way news should be released but this CEO continues to seem to have stayed on the same path as always. This is a very small company and the bitter ends seem to have never be able to tie up together, thus the constant erosion has taken place with this stock’s price and in reality there still seems to be no real optimism going forward, still predicting by this stock’s price for quite a long time in having not traded much and now it is currently stuck in The Expert Market. Fact, IVDN has been going in reverse for way too long. MOO