10 years without debt or dilution. Show me another company that has done that. They had a big distribution deal with Samsung before, as well. Then they had a deal with Ingram Micro, who was bought out for 6 billion last year (that deal finally closed in December 2016).
Seems to me that this new cloud project, if that is what it is, will be pretty exciting, and may include a major partner. If not, no big deal, the price will rise with just a small profit. If you look back to when the company traded between $2 and $4 for multiple years, you will see that the cash and net working capital, plus profit/loss was not much different than now, yet the price was 5-10 times today's price.
Plus, big caps are due to go down, and small caps is where the value is now. Lots of small caps are bottoming out. Another thing to realize is that we have taken three shots at nice spikes over the last five months, and none of those spikes has been with real material news (or any at all), so you always have a chance at a spike out of nowhere, but you have very little risk of a huge selloff from 40-50 cents, as that would involved insiders or long time holders, who aren't selling.
I expect that during the next spike up, some people will remember the recent pullbacks and bail, but will soon regret it, as the next one will involve multiple legs higher, coupled with good news.
Somewhere between 1.50 and $2 has a greater possibility than 20-30 cents, and it will happen within 90 days. Buy and sit back. You don't need to change the world to double and triple your money from here. In fact, you don't need anything at all, at it has shown it can move at any time. Major deals, new products, or an earnings profit is coming next, and that means one dollar quite easily.
In most retail, there are companies going bankrupt left and right. This actually works in favor of IFON, and they will be prepared to pick up the slack and get more sales. Low priced phones is where the future is, since the general public in most countries is broke busted, and disgusted. IFON is solid.
