When it comes to OTC stocks, half the battle for investors is trying to figure out which companies are real and which are simply ATM machines for the people who run them. That's a sad reality on the smaller exchanges. In fact, it seems to be a growing reality on some of the larger exchanges as well.When you start seeing real movement and players with known reputations getting involved in some of these "baby biotechs", however, you take notice.
That's exactly what we're seeing at Inergetics, Inc. (NRTI.OB). The same company that has been attracting attention from major players in the sports and nutritional drinks industry is apparently also attracting the attention of halll of fame sports figures- one of whom is rumored to be not only singing on as a spokesman, but also as a major investor. While the company is not commenting on the rumor, my sources tell me we may hear news about this very well known star and his new relationship with NRTI as soon as next week.
That's exactly what we're seeing at Inergetics, Inc. (NRTI.OB). The same company that has been attracting attention from major players in the sports and nutritional drinks industry is apparently also attracting the attention of halll of fame sports figures- one of whom is rumored to be not only singing on as a spokesman, but also as a major investor. While the company is not commenting on the rumor, my sources tell me we may hear news about this very well known star and his new relationship with NRTI as soon as next week.
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What I like most, however is that shares of this bio-nutraceutical company which engages in the research, development, and marketing of specialized nutritional supplements as an adjunct to medical treatments and for athletes seeking improved recovery can be had for next to nothing.
The management team has rebranded the company, changed the name and reduced their debt- first by $2.6 million and then by an additional $700,000. Now with well over $3 million in liabilities off the balance sheet the company finds itself with 61% less debt (which was $18 million approximately one year ago).
NRTI has re-surfaced which now has complete investor relations functionality. There you will find a re-launch of the company's "long term care" vertical with the new product design and sources at company tells us that they are in the process of making all the products there e-commerce compatable.
Inergetics, Inc., through its subsidiary, Millennium Biotechnologies, Inc., operates as a research-based bio-nutraceutical company in the United States. The company engages in the research, development, and marketing of specialized nutritional supplements as an adjunct to medical treatments for select medical conditions, as well as for athletes seeking improved recovery. Its products are used by immuno-compromised individuals undergoing medical treatment for diseases, including cancer, as well as wound healing and post-surgical healing and geriatric patients. The company’s product line includes Resurgex Select, a nutritional formula for cancer patients undergoing chemotherapy or radiation treatments; and Resurgex Essential and Resurgex Essential Plus, the ready-to-drink product line for the long-term care-geriatric markets. It also provides Surgex, a nutritional support formula for athletes, who suffer from fatigue, lean muscle loss, lactic acid buildup, oxidative stress, and stressed immune systems. The company was formerly known as Millennium Biotechnologies Group, Inc. and changed its name to Inergetics, Inc. in March 2010. Inergetics, Inc. was founded in 2000 and is headquartered in Paramus, New Jerseyhttp://www.milbiotech.com/
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