This article is up to date :). Darn, I sold but will buy back in tomorrow :) $$$IFXY$$$
IFXY: Opinion Update 0 comments
May 16, 2015 9:27 PM | about stocks: IFXY
Besides an OTC Short Position update and an NT 10-Q for Infrax Systems, Inc. (OTCPK:IFXY), its been quiet. That doesn't mean the cards are off the table though. Accumulation of their stock seems to be picking up at what I consider to be bargain prices. I believe its in anticipation of the approval for their Secure Network Interface Card (SNIC) under going final ANSI certification for their partner Itron, Inc. (NASDAQ: ITRI). Its to be used in their latest updated Centron II solid state meter.
Both companies confirm the partnership and proper SEC notices have been filed to inform the market of where they stand. We should be receiving an update soon in my opinion and I'm leaning that its going to be a go. Filings can be found on the OTCMarkets website and both company's websites are loaded with good information.
While doing some due diligence, I did stumble across something I found interesting. The FCC and Industry Canada certified Infrax's Secure Network Interface Card model COMMOD01 on February 5th. On February 4th, Itron released an introduction ***brochure for the new Centron II solid state meter. If it was a coincidence or not that Itron introduced the new Centron II the day before I don't know but, I for one don't believe in coincidences. The timing is just too right. This would give Itron the time needed to generate the sales for the new meter and move it right to production upon final ANSI certification and their own tests. Hopefully this week or so, we can get that update.
***www.itron.com/na/PublishedContent/CENTRO...
***www.itron.com/na/pages/searchresults.asp... ***www.otcmarkets.com/edgar/GetFilingHtml
Now the 10-Q being late to me isn't a bad thing because there could be a chance they want to add something good to it. Down side is they only have until this mid week to get the filing out to avoid being marked by the OTC as a delinquent filer. That does get some share holders nervous. Lets just hope they can file on time to keep the naysayers calm. I believe if the filing is late it won't affect their partnership with Itron at all. They are regular filers and have been for years, the filings are coming.
As far as their HempTech division, its been quiet as well. But their projects are further out in my opinion. FutureLand Corp is still in the final process of up listing to the QB tier and there's plenty of legalities they have to wait for with permits and licensing for their land deals. They did recently announce another signed Letter of Intent for another grow facility which is good for Infrax. Remember that each contract that FutureLand gets, Infrax has first right to it. And each contract is worth over $2.0 million a year for Infrax's books. It is a timely process but progress is being made. It will be nice when they start building and Infrax starts getting paid.
So in my opinion we could see some action this week if we get the quarterly report and accumulation should continue. But the current pending catalyst in my opinion is their SNIC certification. If its a go, Itron takes it home to run a few tests and then if all checks out, its off to the production line. Watch for an update on that, it shouldn't be long.
Thank you for reading the Due Diligence Opinion Report. As always, its just my opinion based on my findings that may contain forward looking statements which might not materialize. Always seek professional advice when making investment decisions as I am not a licensed professional. I'm just a guy with an opinion and internet access!
Stocks: IFXY
Back To User 35206015's Instablog HomePage »
