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Innovative Designs Inc (QB)

Innovative Designs Inc (QB) (IVDN)

0.1335
-0.0115
(-7.93%)
Closed July 20 4:00PM

Professional-Grade Tools, for Individual Investors.

Key stats and details

Current Price
0.1335
Bid
0.132
Ask
0.145
Volume
5,000
0.1335 Day's Range 0.1335
0.10 52 Week Range 0.3481
Market Cap
Previous Close
0.145
Open
0.1335
Last Trade
4000
@
0.1335
Last Trade Time
Financial Volume
$ 668
VWAP
0.1335
Average Volume (3m)
8,123
Shares Outstanding
37,924,003
Dividend Yield
-
PE Ratio
-16.46
Earnings Per Share (EPS)
-0.01
Revenue
348k
Net Profit
-301k

About Innovative Designs Inc (QB)

Innovative Designs, Inc. operates in two business segments; a house wrap for the building construction industry and cold weather clothing . Both segments products are made from Insultex, a low- density foamed polyethylene. Innovative Designs, Inc. operates in two business segments; a house wrap for the building construction industry and cold weather clothing . Both segments products are made from Insultex, a low- density foamed polyethylene.

Sector
Misc Fabricated Textile Pds
Industry
Misc Fabricated Textile Pds
Headquarters
Dover, Delaware, USA
Founded
1970
Innovative Designs Inc (QB) is listed in the Misc Fabricated Textile Pds sector of the OTCMarkets with ticker IVDN. The last closing price for Innovative Designs (QB) was $0.15. Over the last year, Innovative Designs (QB) shares have traded in a share price range of $ 0.10 to $ 0.3481.

Innovative Designs (QB) currently has 37,924,003 shares outstanding. The market capitalization of Innovative Designs (QB) is $5.50 million. Innovative Designs (QB) has a price to earnings ratio (PE ratio) of -16.46.

IVDN Latest News

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1-0.0015-1.111111111110.1350.1450.1330570920.13986689CS
4-0.0065-4.642857142860.140.150.13298200.14153915CS
12-0.0065-4.642857142860.140.177250.13281230.14846293CS
26-0.0265-16.56250.160.190.1143880.1501004CS
52-0.10905-44.95980210270.242550.34810.1180720.19182448CS
156-0.0789-37.14689265540.21240.440.1166210.24944888CS
260-0.2165-61.85714285710.350.650.1161390.29273909CS

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IVDN Discussion

View Posts
ProfitScout ProfitScout 2 days ago
$IVDN: Our R-6 Rated Insultex House Wrap (TM) meets or exceeds new building codes taking effect in 2024 including the requirement for continuous insulation which competitors are failing. A patented evacuated cell design makes it possible. Visit: http://insultexhousewrap.com
$IVDN: Our R-6 Rated Insultex House Wrap (TM) meets or exceeds new building codes taking effect in 2024 including the requirement for continuous insulation which competitors are failing. A patented evacuated cell design makes it possible. Visit: https://t.co/7DxiK13HDH pic.twitter.com/6LzyO1HnwS— Innovative Designs, Inc (Stock: $IVDN) (@riccelli_joseph) July 17, 2024
👍️ 3 🙂 2 🚀 1
searay2701 searay2701 2 days ago
Seeing a legally reported net surge in earnings after expenses will be the only thing that move this stock upward, most of the news out has come out two to three months ago and been repeated and repeated and this stock has not budged upward yet. We need to see all the facts on The OTC IVDN Market Website, then when reported to the Sec there, plus see that the Sec delinquent sign is removed, then maybe we will have something of full legality to stand on. Meanwhile, how to date, after many many years and the last group of company reports, has this stock performed, LOUSY. MOO
👍️0
jedijazz jedijazz 2 days ago
$IVDN is on track for a record sales and revenue growth this year in 2024. IVDN management is making steady progress to grow market share and also protect the very valuable patent rights of its unique Insultex product line which is the only evacuated cell insulation on the market with energy saving performance that no competitor can match.

IVDN is now starting to see accelerating sales success as word is spreading about Insultex House Wrap as described on the dedicated website at http://www.insultexhousewrap.com. Add to this advantage, the fact that the IVDN product meets or exceeds new building codes going into effect this year requiring continuous insulation while competitors are failing this critical criteria. www.InsultexHouseWrap.com

Innovative Designs Vendor Growth

https://finance.yahoo.com/news/innovative-designs-vendor-growth-174255528.html
👍️ 3 💪 3 😍 1
searay2701 searay2701 3 days ago
When will we see IVDN’s stock price rise again when even what has been repeatedly stated many times has not registered in getting this stock’s price to hold up to the $.15 to $.17 level, never mind get back up to the, at least $.20 to $.25, level. It seems that there is still no real full trust here until legally proven that the figures are given to The Sec on a most recognizable official stock and information website, the OTC Market Website. Reality is what it is and it faces us all every day day in that something even with that has been brought out about this company has not helped this stock, in fact this stock is struggling more today than ever before. Time will tell, the question here is how much more time, some of us do not have, after already waiting twenty years, another ten to fifteen years left. MOO.
👍️0
jedijazz jedijazz 3 days ago
$IVDN: Green Builders can ensure the highest thermal efficiency with our Insultex House Wrap (TM) delivering an unmatched R-6 rating. A patented evacuated cell design makes this possible. We also add a moisture barrier and other advantages. Visit: http://insultexhousewrap.com
$IVDN: Green Builders can ensure the highest thermal efficiency with our Insultex House Wrap (TM) delivering an unmatched R-6 rating. A patented evacuated cell design makes this possible. We also add a moisture barrier and other advantages. Visit: https://t.co/7DxiK13HDH pic.twitter.com/86ytmF03j2— Innovative Designs, Inc (Stock: $IVDN) (@riccelli_joseph) May 29, 2024
👍️ 3 💪 3 💯 1 😍 1
ProfitScout ProfitScout 4 days ago
Just a matter of timing for the IVDN stock price to catch up to the very strong sales success we already know is happening in 2024 per the official company news. Kudos to those who are paying attention and have the necessary patience for SEC reports to be filed. It is not at all uncommon for OTC companies to be delayed in filing some financial reports as there are a limited amount of qualified auditors available.
I can wait.
------------------------------------------------------------------------------------------------------------------
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
👍️ 3 😍 2 🙂 1
searay2701 searay2701 4 days ago
The OTC Market IVDN Website still shows no signs of a company now having made a significant change in It’s business, thus showing it is going to really be able to survive because it has a better product, product alone yes is very important but, equally important is management, the ability to be able to be right on top of running that business. % increases are one thing, what counts is the monetary means, the source in hand that a very small company has to have in order to show it can survive, that is why, so far, regular shareholder’s In 2024 will not bite on words and pictures alone, they want to legally see the bottom line net figures as reported to The SEC then they will believe. MOO
👍️0
greendolphin11 greendolphin11 4 days ago
That news is under radar...for now
👍️ 3 😁 2 😍 1
searay2701 searay2701 6 days ago
3 1/2 months to go until the close of IVDN’s 2024 business year and what is this stock still showing, a worsening projection in it’s trading pattern than it has for quite some time, management better pull a rabbit out of the hat trick pretty soon to make a real change of possibility concern in that “ Going Concern Statement “ as a precautionary statement in IVDN’s annual releases. MOO
👍️0
searay2701 searay2701 1 week ago
Here we go again. Around and around she goes, but even as of July 2024 IVDN has not produced a real change where it ultimately counts, at the bottom line, IVDN’s stock price.Check your local building supply companies as we are now well on are way in July of the 2024s industry building year and see who and what is currently selling and how much in the millions of $$$$ of their products, and then look at IVDN who would be lucky if they get to the million $ mark. Never mind being told that IVDN is up % wise, what are the figures coming in $ wise. This company is still operating as two person operation plus just how much product is IVDN able to produce AND ship if those orders are coming in as we are told they are. Too many ifs, what’s, how’s,going around and nothing showing where it really make it believable, Sec reported wise on The OTC Market Website. MOO
👍️0
jedijazz jedijazz 1 week ago
$IVDN New Tweet Out! $IVDN: Our R-6 Rated Insultex House Wrap (TM) meets or exceeds new building codes taking effect in 2024 including the requirement for continuous insulation which competitors are failing. A patented evacuated cell design makes it possible. Visit: https://t.co/LWNDwJcXDh pic.twitter.com/yFjj5RXix4— Innovative Designs, Inc (Stock: $IVDN) (@riccelli_joseph) July 10, 2024
👍️ 3 💪 3
ProfitScout ProfitScout 1 week ago
$IVDN: Our R-6 Rated Insultex House Wrap (TM) meets or exceeds new building codes taking effect in 2024 including the requirement for continuous insulation which competitors are failing. A patented evacuated cell design makes it possible. Visit: http://insultexhousewrap.com
$IVDN: Our R-6 Rated Insultex House Wrap (TM) meets or exceeds new building codes taking effect in 2024 including the requirement for continuous insulation which competitors are failing. A patented evacuated cell design makes it possible. Visit: https://t.co/LWNDwJcXDh pic.twitter.com/yFjj5RXix4— Innovative Designs, Inc (Stock: $IVDN) (@riccelli_joseph) July 10, 2024
👍️ 3 💪 2 💯 1 🙂 2
searay2701 searay2701 1 week ago
As anyone following this stock can see to date, nothing has helped this stock’s price at all, no news, nothing resulting from the repetitive posts about how good things are happening here for some time now has had absolutely no effect on this stock except that it has gone down. IVDN better come up with another plan or we may see this company’s already total low shareholder count go even lower. The Sec Delinquent Sign still being posted is also not helping here. We can also through out why some folks feel this company is in a good position structure wise because it the low IVDN OS and company Float shares, of which has also not made a dent in allowing this stock to move up from any news that has come out. MOO
👍️0
searay2701 searay2701 1 week ago
It has been along time since the winning of that law suit, has anything resell changed in IVDN’s stock price, yes, non belief, less trading volume in this stock weekly, and more importantly the stock price plummeted last time around from $.40 to the $,14 to $.15 level. Is that belief in a company, reality is what it is, every day, week, month, s d year so far for years. MOO. Do your ion research to come up with your own decisions.
👍️0
jedijazz jedijazz 1 week ago
$IVDN #OTCQB Company Overview: https://www.otcmarkets.com/stock/IVDN/overview
👍️ 3 💯 2 😍 1 🚀 1
ProfitScout ProfitScout 2 weeks ago
Yes budfoxfun, we certainly are hearing big things are steadily coming together for IVDN now. There are plenty of details in the official news from the company which any mature minded and patient investor would appreciate. Everything else posted on this chat-board by anonymous persons with questionable mindsets is not even worth reading (which I no longer bother to do - LOL).

We are on well our way to seeing the highest revenue and most quickly accelerating growth year in IVDN history for 2024. This has already been pre-announced in the last two official company press releases on May 30th and April 10th. Just a matter of time for the market to recognize this and have it start to reflect in the stock price.

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
👍️ 4 🙂 3
searay2701 searay2701 2 weeks ago
Unfortunately, with due respect, we have heard about big things here for a long time, and for a very long time this stock has believed none of them, that is unless one has wanted to donate into this pit of an investment as in a short term or long term investment as in over two decades. If this was as rosy an investment situation this stock would not be hardly ever trading now a days looking into the future wise. Take a hard look at where this stock had topped out from and where it is today, pretty drastic downward change I would say. MOO
👍️0
budfoxfun budfoxfun 2 weeks ago
Hearing big things, love $IVDN!
👍️ 3 😁 1
searay2701 searay2701 2 weeks ago
Eight and a quarter months of IVDN’s business year have already passed by and The OTC Market IVDN delinquent Sec sign is still posted.
👍️0
searay2701 searay2701 2 weeks ago
Amazing how bad this stock has performed for so long. Go back and take a look at what was released on June 23,2017, on the OTC Ivdn Market Website. Go to research, then Part 5, Item 4. Check the highs and lows of the IVDN stock price then and check where it is today, things are supposed to be a lot better for this company, and the stock price cannot even hold up to the the 2017 low IVDN sock price of $.20, reality shows a much different real picture here, a picture of one going around and around this one goes but never seems to produce wbat has been waited for for too many years here, while the regular shareholder’s have taking it on the chin here is proven fact. These -facts cannot be hidden, seven years latter, after June 23, 2017, now July 5, 2024 and this stock has drastically gone backwards. We have been told by some folks that things are currently much better now, how good a shape this company is currently going forward, wake up, have we not heard of something like this befiore, there is a reason why this stock went from a much much higher stock price level many years back to where it is now and it is currently struggling to stay up to around it’s lowest stock price level in years. The print shows where it counts, on The OTC Market IVDN Website, IVDN has been a looser for a long time and with the same management in place as has been for over two decades, the picture is still not in reality, stock price wise, no clearer here with this two person operating company. MOO. You must do your own constant research to come with your own decisions.
👍️0
jedijazz jedijazz 2 weeks ago
$IVDN: Our R-6 Rated Insultex House Wrap (TM) meets or exceeds the standards in new building codes taking effect in 2024. A patented evacuated cell design outperforms all competitive products for energy efficiency. Plus, we add a moisture barrier. Visit: http://insultexhousewrap.com
👍️ 1 🙂 1
searay2701 searay2701 3 weeks ago
Still, unfortunately, no news or pictures, or anything coming from this company has actually helped raising IVDN’s price value of which is the bottom line proof of change here. Now into the 9th month of IVDN’s business year and this stock is still not believing that a significant change is currently happening. The last real stock price cycle, going from $.40 to $.15, man, that is one heck of a drop. MOO
👍️0
jedijazz jedijazz 3 weeks ago
$IVDN Low Float of 16 million is on track for a record sales and revenue growth year in 2024, as detailed in official company news below. IVDN management is making steady progress to grow market share and also protect the very valuable patent rights of its unique Insultex product line which is the only evacuated cell insulation on the market with energy saving performance that no competitor can match.

IVDN is now starting to see accelerating sales success as word is spreading about Insultex House Wrap as described on the dedicated website at http://www.insultexhousewrap.com. Add to this advantage, the fact that the IVDN product meets or exceeds new building codes going into effect this year requiring continuous insulation while competitors are failing this critical criteria. www.InsultexHouseWrap.com

Innovative Designs Vendor Growth

https://finance.yahoo.com/news/innovative-designs-vendor-growth-174255528.html
👍️ 3 💪 3 💯 1
jedijazz jedijazz 3 weeks ago
$IVDN revenues for the first 5 months of 2024 approached 88% of last year's total revenue.

https://finance.yahoo.com/news/innovative-designs-vendor-growth-174255528.html
👍️ 3 💪 2 🙂 1
searay2701 searay2701 3 weeks ago
Well, IVDN is past it’s eighth month of it’s 2024 business year and this business is still showing a very weak stock price, will IVDN survive by year’s end, who knows. Some folks wonder why this company’s stock price has taken a beating for quite awhile, the trading volume, when this stock does trade , has fallen off as well this year. Bottom line in reality, unless proven not by other sources, but by way of a reporting to The Sec on by way of The OTC IVDN Market Website, then will most folks believe. IVDN is a company with a good product, but for how long until someone comes along with a much better one, of which will not be as long as some folks think. Bottom line, to stay healthy business wise in today’s marketplace , you need to have a real top product, a lot of capital for continuing research and above everything else the best management that expedites quickly and decisively when needed. Now answer truthfully, do you think that IVDN has had or currently has all of those ingredients? MOO. Everyone must do their own research in order to come up with their own decisions.
👍️0
searay2701 searay2701 3 weeks ago
The shareholder’s of IVDN are waiting to legally see reported to The Sec by way on the OTC Market IVDN Website of the likes of a banner year in net figures, yes after all expenses etc are calculated, the current non belief that that is coming shortly is what the trading and the current IVDN stock price is showing currently, far from it, and why, because could it be in the history of this company as this stock shows us every day here. It is now the end of June 2024 and a cpuple of years since the law suit was won and where do the regular shareholder’s sit today most buried from when they invested into this merry go round! MOO
👍️0
ProfitScout ProfitScout 3 weeks ago
IVDN is about to file a banner quarterly report for its fiscal Q2 which will show that sales of its superior Insultex House Wrap product have already exceeded all of the company's results for the full 2023 fiscal year. This has been pre-announced in the last two IVDN news releases:

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
👍️ 3 😀 2
ProfitScout ProfitScout 3 weeks ago
With IVDN now clearly on track for a record sales year in 2024 and even more to come after that, this classic investment principle is quite appropriate:

The stock market is a device for transferring money from the impatient to the patient.

Analysis of the quote

The quote “The stock market is a device for transferring money from the impatient to the patient” was written by none other than Warren Buffett, widely regarded as one of the greatest investors of all time. Buffett is the chairman and CEO of Berkshire Hathaway, a multinational conglomerate holding company with a diverse portfolio of businesses in insurance, energy, railroads, manufacturing, and retail. As of the 2nd of March 2023, the oracle of Omaha has amassed a net worth of more than $100 billion over the course of his career, owing largely to his astute stock market investments. Buffett’s investment philosophy revolves around identifying high-quality companies with strong competitive advantages and investing in them for the long term, often with a holding period of 10 years or even more. A strategy also known as value investing.
Source:
https://www.simtrade.fr/blog_simtrade/the-power-of-patience-advice-from-warren-buffett/#:~:text=The%20quote%20%E2%80%9CThe%20stock%20market,greatest%20investors%20of%20all%20time.
👍️ 3 😀 2
searay2701 searay2701 3 weeks ago
IVDN will probably perform even worse next year, let’s see what the next release brings out after expenses etc including what this CEO must be selling this product for in order to just get it out to all of his newbies. The bottom line here is that this stock will have none of the repetitiveness that has always gone on here, been too long with this managements statements that no one is now paying any attention to. I would not be surprised to see the IVDN stock price heading lower again within a short time, as per the trading here, no one is interested anymore, it has joined the ranks of the old stinky pinkies. MiOO.
👍️0
berigud berigud 3 weeks ago
Nobody pays attention to any news coming out of Pittsburgh, as reflected by the stock price. Nobody is investing in our CEO.

In fact, those millions of dollars sitting on the sidelines I have mentioned here are going in different directions. They WILL NOT invest in IVDN as long as Joe Riccelli is running things.

IVDN is a great example on how not to run a company.
👍️0
pitcook pitcook 4 weeks ago
I saw that was old news back from April and since then and how has the stock done?
👍️ 1
jedijazz jedijazz 4 weeks ago
$IVDN on Seekingalpha.com- Innovative Designs Vendor Growth https://seekingalpha.com/pr/19683617-innovative-designs-vendor-growth?source=tweet @SeekingAlpha
👍️ 3 💪 3 💯 1
ProfitScout ProfitScout 4 weeks ago
Randy Kimbler is part of the nationwide IVDN distributor network which is now growing with the addition of many new vendors due to the increasing awareness of Insultex in the building and construction market place.

A listing of this network appears on the IVDN website here:
Retailers/Distributors/Contractors/Homebuilders/Etc. that have purchased Insultex™ House Wrap®
https://insultexhousewrap.com/users/
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Randy Kimbler, a National Distributor of Insultex, commented, “The introduction of Insultex® House Wrap to several major building supply companies has been very well-received. The product is being placed in the retail locations of these organizations, as well as many local building supply companies. The R-6 insulation value provided by this very thin product has proven to be an affordable solution for builders facing economic challenges in states where energy codes require R-5 Continuous insulation for new construction.”
Link: https://finance.yahoo.com/news/innovative-designs-vendor-growth-173800119.html
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ProfitScout ProfitScout 4 weeks ago
$IVDN: Our Insultex House Wrap (TM) meets or exceeds the updated energy codes taking effect in 2024 delivering an unmatched R-6 Rating and Continuous Insulation where competitors are failing. A patented evacuated cell design makes it possible. Visit: http://insultexhousewrap.com
$IVDN: Our Insultex House Wrap (TM) meets or exceeds the updated energy codes taking effect in 2024 delivering an unmatched R-6 Rating and Continuous Insulation where competitors are failing. A patented evacuated cell design makes it possible. Visit: https://t.co/LWNDwJcXDh pic.twitter.com/3HzFmWY9s2— Innovative Designs, Inc (Stock: $IVDN) (@riccelli_joseph) June 24, 2024
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berigud berigud 4 weeks ago
I have been calling for Joe Riccelli to be fired for almost 5 years. If this was a REAL company, he would have been long gone. But IVDN is not a REAL company. It is a mom and pop with no employees. This company should have remained private and never sold stock. It was Joe's ego that brought this company public. It is Joe's ego that keeps him in the CEO chair.

Where is the BOD's? Probably hanging at Joe's house for a Sunday BBQ?

You notice that nobody can defend him except to say the he mortgaged his home during the FTC trail. The poster that called you and I "idiots", the poster that I challenged to defend our CEO, has not responded to that challenge. Why? Because he can't.

Where are you GD11? Adding up your loses?

BTW, the last quarters record sales came when our CEO was flat on his back in the hospital. He was not "diligently" working with our management team, he was in survival mode.

The next quarters sales will S-UCK, waiting for the boat from Asia to arrive.

It is time to FIRE our CEO.
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searay2701 searay2701 4 weeks ago
Delinquent sign reporting status still showing on the OTC Market IVDN Website. What a way to run a company on an important informational site.
This CEO needs some real serious help, to have gone this long on a shoe string and to have gone backwards for so long really questions if and really when things may change here in really moving forward where it counts, into the positive revenue department. Now into again another last third of yet another month and this stock is no better off than many a year realistically tells a Lot here. MOO
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searay2701 searay2701 4 weeks ago
Dickmo, I agree, patience is important, but over two decades worth and this stock having gone backwards is a little too much. We shareholders’s have seen what the lack of good management can do to any company and we are still seeing that currently. Based on this company’s long history of not progressing ahead there is, as we all can see, no reason to believe that this stock will really ever make the grade, we can consider ourselves lucky if we ever see the high $.20s again ever mind some of the wild predictions of this stock ever getting to the $ 20.00 area. REALITY always comes to the forefront. MOO
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Dickmo Dickmo 4 weeks ago
Patience is always important, especially when dealing with microcaps. One cannot have unreasonable expectations. Miracles take some time, but they do happen.
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berigud berigud 1 month ago
I am not looking for wealth. I just want $2 a share and sell out my position. $40K will buy me a new RV or boat for the lake.

I am a long term investor, over a decade. I am in my 70's like our idiot CEO. Any longer and I will be dead. Our CEO doesn't have many years left either. Joe will never see any wealth from all his work (jajaja)

I am only here riding on the houses money having pulled my initial investment money out when the stock last hit $2 a share about 10 years ago.. Otherwise I would have been long gone by now.

Hey GD11, aren't you going on close to 20 years tying up your money in IVDN. Are you still purchasing stock and chasing after the dragon.

Nobody is investing in IVDN as long as Joe Riccelli is running things.
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jedijazz jedijazz 1 month ago
Great post. $IVDN is a growth stock and is for long term investors. Patience is one of the keys to wealth, along with buying growth stocks like IVDN that have massive potential.
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ProfitScout ProfitScout 1 month ago
With IVDN now on track for a record sales year in 2024, this key investment principle could not be more appropriate:

The Power of Patience: Warren Buffett’s Advice on Investing in the Stock Market
Quote:
The stock market is a device for transferring money from the impatient to the patient.

Analysis of the quote

The quote “The stock market is a device for transferring money from the impatient to the patient” was written by none other than Warren Buffett, widely regarded as one of the greatest investors of all time. Buffett is the chairman and CEO of Berkshire Hathaway, a multinational conglomerate holding company with a diverse portfolio of businesses in insurance, energy, railroads, manufacturing, and retail. As of the 2nd of March 2023, the oracle of Omaha has amassed a net worth of more than $100 billion over the course of his career, owing largely to his astute stock market investments. Buffett’s investment philosophy revolves around identifying high-quality companies with strong competitive advantages and investing in them for the long term, often with a holding period of 10 years or even more. A strategy also known as value investing.
Source:
https://www.simtrade.fr/blog_simtrade/the-power-of-patience-advice-from-warren-buffett/#:~:text=The%20quote%20%E2%80%9CThe%20stock%20market,greatest%20investors%20of%20all%20time.
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searay2701 searay2701 1 month ago
This stock just cannot get out of it’s own way,.the real belief is just not here as proven by the investing public, there seems to be no question here, management seems to not be trusted in being able to really do what is necessary at given time to move this stock up to any real decent level, and after two decades that is truly what it is all about here. MOO
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berigud berigud 1 month ago
Hey GD11, this idiot would like you to educate me on how smart an investor your are. Please share with all of us how much money you have made investing in IVDN for last 18 years.

Aren't you loading up now at these cheap prices?

Explain why Joe Riccelli is your superhero.

Teach me!!! This idiot wants you wisdom.
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berigud berigud 1 month ago
Performance Overview
Return IVDN S&P 500

YTD -30.95% +15.04%
1-Year -60.81% +24.43%
3-Year -42.00% +29.97%

This is all after the FTC trial. Why would anybody purchase IVDN stock? Pathetic!!!

Any other CEO would have been shown the door with a record like this.
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searay2701 searay2701 1 month ago
Meanwhile this stock is paying no attention to what has been and is repeatedly being put out about how better sales and everything else is now going currently, ask ourselves why, I believe we all know why, because of the long repetitive history of this company. One long path of going nowhere has this stock in 2024 in a reality zone that this stock has not been able to move out from. A lot of talk but still no walk when it comes to the IVDN stock price, prove me wrong by way of IVDN’s stock price then I might believe in IVDN’s future , of which I believe is the sentiment of most folks now looking at this company or this stock would not be floundering around lower again now in June 2024! MOHO
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searay2701 searay2701 1 month ago
The only credibility is in what this stock says, that is fact, try selling, after two decades and see what credibility will get you, maybe $.149, and again maybe less.
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ProfitScout ProfitScout 1 month ago
The real facts are that IVDN has strongly rising sales (FY 2024 is already double all of last year), 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 has no credibility at all.

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
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berigud berigud 1 month ago
Where are the real investor? We have the same 250 shareholders. Real investors are purchasing other stocks. They are smart enough to stay away from Joe Riccelli.

Real investor are not paying attention to your posts. Real investors won't purchase IVDN stock.
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berigud berigud 1 month ago
GD11,idiots? For posting the truth about our incompetent CEO? He is an old 75 years. Kind of like Biden. He is sickly and kind of feeble. He is a total failure. Why do you support him?

Tell us all about the great business mind of Joe Riccelli. Tells us about all his lifelong accomplishments. You can't. He is just a poor used car salesman that can't sell the golden Cadillac.

You have lost money on your investment in IVDN. Stock market is booming and IVDN is in the sh-tter, where it has been for over a decade.

Everything posted by Profitscout and Jedi (I think they are the same person) is total BS. Just puking out the company line. Few if any pay attention to the company. news. Nobody is investing in IVDN. Nobody wants IVDN stock.

This company is going nowhere until Joe Riccelli moves on. Nobody is investing in him. Corning, DuPont, Kimberly Clark are not knocking at IVDN's door. Nobody is buying us out.

Profitscout, accountable to the SEC? Really? When was the last shareholders meeting? NEVER!!!!! I never voted for any of our directors. What has the BOD done to protect shareholders (except diluting our stock and putting it in their pockets)? I would love to see an SEC investigation. I would be willing to lose the $4000 my stock is worth just to see Joe Riccelli rot in prison for the rest of his life.

It is criminal how IVDN has a revolutionary, game changing product with so many different uses, not have proper management.

GD11, see if you can post an intelligent response with out calling anyone an IDIOT. Tell us all how great our CEO is.

I want this company to be successful. I want to see $2 a share. I want to purchase some new toys before I die.
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greendolphin11 greendolphin11 1 month ago
Spot on Scout!

How foolish are idiots like bg and sr going to look?

Success is always the best revenge

GD11
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