$IVST: A High-Growth Conglomerate Sitting Under-th
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“In the short term, the market is a popularity contest. In the long term, the market is a weighing machine.” -Warren Buffett
In the world of over-the-counter stocks, the “popularity contest” can sometimes overlook reality. Traders and speculators often see the OTC Markets landscape as a place for short-term gains, scouring for stock flipping opportunities. However, this style of trading can often overlook the true value and reality of a company’s underlying value.
One company that will soon benefit from the “weighing machine,” is Innovest Global, Inc. (OTC Pink: IVST).
IVST: Massive Acquisition Pipeline, Existing Divisions Performing Extremely Well
Innovest Global, Inc. (OTC Pink: IVST) is a Cleveland, OH-based conglomerate that operates across biotechnology, health sciences, durable goods, and commercial & industrial energy. Currently, the company’s Commercial & Industrial Energy Division is generating baseline quarterly revenues of $800,000.
Furthermore, Innovest Global, Inc. (OTC Pink: IVST)’s Biotech & Health Sciences Division is expected to be officially launched shortly, once the previously-announced 20% stake acquisition in StemVax Therapeutics, LLC closes. StemVax is currently developing a brain cancer vaccine specifically for the treatment of glioblastomas. World-renowned neuroscientist, Dr. Dwain Morris-Irvin will lead the new biotech division, bringing massive insight and potential.
This comes as management just recently disclosed that its acquisition pipeline is stuffed full with fourteen different companies across a wide range of industries, including its existing divisions. Innovest Global, Inc. (OTC Pink: IVST) is currently undergoing a two-year PCAOB audit by NMS, Inc. in order to begin management’s vision to uplist to higher exchanges.
Industry Outlook
Innovest Global, Inc. (OTC Pink: IVST)’s existing outlook looks extremely bright when considering its current businesses and their industry forecasts.
Commercial Energy: According to the market research firm, Renub Research, the global LED lighting market is forecast to surpass $100 billion by the end of 2024. Renub credits the growth due to global urbanization and growing focus on energy efficiency.
Biotechnology: According to Grand View Research, the global brain tumor diagnostics and therapeutics market is forecast to reach $773.10 million by 2025. The market research firm notes that the “lucrative growth” comes from “increasing incidence of various brain cancers, particularly glioblastoma.”
IVST: Q1 Earnings Beat Management Estimates, 50 Million Common Shares Cancelled
On April 16, 2018, Innovest Global, Inc. (OTC Pink: IVST) released first quarter earnings, which featured total revenues of over $708,000 and gross profit of just under $330,000. The company reported total current assets of $932,096 and total current liabilities of $352,165, giving the company a strong quick ratio of 2.60, which is four times stronger than the conglomerate industry average of 0.60.
“The response we are getting from business and technology owners that want to get to the next level is very encouraging,” said Innovest CEO, Dan Martin. “We are incrementally increasing the size of the organizations we are looking to acquire and seeing great progress.”
Management also announced that it has cancelled 50 million common shares, as a result the new Innovest Global, Inc. (OTC Pink: IVST) share structure is now:
Authorized Shares: 500 Million
Outstanding Shares: 96.52 Million
Shares in Float: 11.80 Million
The already-low-float share structure just became even tighter, which is great news for long-term shareholders. Through mid-April, Innovest Global, Inc. (OTC Pink: IVST) has skyrocketed nearly 1,000% year-to-date, making the stock one of the best performers in 2018. Innovest Global, Inc. (OTC Pink: IVST) has an exciting future ahead and early investors will likely be awarded for their patience.
Click Here To See the Innovest Global, Inc. (OTC Pink: IVST) Earnings Alert On Spotlight Growth Live
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