Thursday, February 23, 2017 3:12:27 PM
If somehow IFON surprises and the headline reads: "Infosonics swings to small profit in 4th quarter" then this will be over $2 by April. But even if things are just a little better, like they undoubtedly will be, and the loss is minimal, the company will still have net cash of 10 million or so (give or take a million or two), and you will be getting the whole enterprise for free.
Don't discount the new cloud software, as this will be tied in directly to their VeryKool phones, and they could very well be partnering up with some exciting companies, as well. The launch will be in the second quarter, but they will talk it up on March 9th.
A year ago the price was over $1.50. We should be back there soon. Patent litigation suits against them were thrown out, so that real expense is gone forever. There is really nothing that can happen to have these shares head down from here. Just sit back and count the days. It will be higher and higher as time goes on, and if there is a real turnaround and some excitement here, you could wake up one day with a major move to the upside that could set the stage for a big run to multiple dollars. You can still load up near 70 cents.
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