Bullboard - Stock Discussion Forum INEO Tech Corp INEOF

Primary Symbol: V.INEO

Technology

INEO Tech Corp. is a Canada-based retail technology company. The Company provides retailers with targeted digital advertising and customer analytics solutions integrated with theft protection systems. The Company’s segments include Loss Prevention, Fabrication and Retail Media. The Loss Prevention segment is engaged in the sale of security technology, electronic article surveillance systems... see more

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INEO Tech Corp > Mathieu Martin - Stocks and Stones

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Post by Possibleidiot01 on Sep 04, 2024 10:39am

Mathieu Martin - Stocks and Stones

THE BAD

The Ugly

INEO Tech (TSX-V: INEO) announced a $4 million financing to a single investor, resulting in the investor owning 52.7% of the company. This massive dilution is happening close to the all-time low in stock price at $0.05 per share. I've been very interested in INEO over the last several years and thought the company had tremendous potential. Still, a lack of profitability and unconstrained dilution can kill even the most promising opportunities. A regrettable turn of events here…

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Comment by laurencelefou on Sep 05, 2024 7:43am

Je partage ton opinion. I AGREE. The CEO and the CFO have never bought any shares on the open market. Then again as of March 31, 2024, INEO had $46,116 in the bank, accounts receivable of $145,729, accounts payable of $1,174,644 and sales were $243,341. I guess the CEO is smart enough not to invest in a company that is closer to defaulting than turning a profit. The CEO has ...more

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INEO Tech Corp