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INTO THIS THIS LIFE YOUR BORN
who did you talk too when you called Inphonics? none of there offices are picking up whatsoever, I live in Reston and have called Numerous times and they have answering machines.
thanks
I agree... Truthfully I figured this would be well over .50 by now..
This broke all the rules on the chart...
I agree... Truthfully I figured this would be well over .50 by now..
Which is what the MM AX would want, SO, if you're supposed to
trade with the AX, We should buy when he buys. If he drives the PPS down below .30, great, I'll be waiting for the wind fall. I feel very confident that this goes north when the MM
AX fills the order for cheap shares from his VC. Until that
happens, I'll just follow his lead.
Yes... It appears there is some manipulation going on which is effecting the PPS.... It will continue to trickle lower imo unless something happens...
PEOPLE PLEASE WATCH!!!
Can someone explain this chart ....
http://stockcharts.com/c-sc/sc?s=INPC&p=D&yr=0&mn=3&dy=1&i=p31434304145&r=6418
In to win on this one. I will let the CINN shake the tree
until I get some more really cheap shares then KABOOM to
those that trade with the AX.
Do not count this one out yet ...
Guys 2 more days for the press release just spoke with the company. They sound pretty happy ... watch and thank. (BTW I was in around $0.62)
Me too. Threw the money at YHOO but will keep it on watch and look for a reentry.
kERMIT,
Could still be a great play...just not what I thought it would be in terms of time.
Hate holding things tooo long.
gltu also.
GJ
GLTY! This is taking longer to develop than I had hoped, but at the moment, I don't see much downside beyond the longer-than-expected wait.
We may retest the lows, but we're not much above them as we are.
I got out at .42 today
http://investorshub.advfn.com/boards/read_msg.asp?message_id=24064865
LOL. Q due out Thurs. May have some news to salve awful 3Q results.
with all due respect dont use this kind of wording on this board.
regards
pamo
would be nice to be an mm, you sell/buy him 100k and HE plays de whole day long with them.hehehe
I don't see how it would be possible without taking a loss on every trade.
IE...
400 shares @ .3731 buy / 400 shares @ .3759 sell = $1.12 profit, then subtract trade costs on both sides.
A losing game to be sure...
Could someone sneek in and turn the power off?
monkish
I have to agree with you there. cinn's ability to control the price movement is incredible.
You got that right. Grrrrrrrrrrrrr
Well whatever it's doing this ain't going nowhere until it stops.
All these 100 & 200 share trades...considering commissions for any retail buyer / seller, would seem apparent that it has to be an MM running these trades?
From what I've seen, cinn usually shows up on the bid first and not on the ask until it has made a buy, after which it immediately shows up on the ask. It also disappears from the ask when it hasn't gotten a buy in a while.
This is just speculation on my part, but it looks to me like its merely an aggressive flipper dumping shares as soon as it buys them.
CINN is an ECN representing a trader or group and is either trying to cover a short or is trying to accumulate at the lowest pps available IMO.
It's almost single-handedly the work of cinn--which appears to be a computerized trader (not a true MM). Some aggressive day trader (or, just as likely, a day-trading program) has been using cinn to beat the best bid by hundreths of a penny and then immediately selling the shares by beating the best ask by hundredths of a penny.
The result is that any sell at all lowers the ask, creating an infuriating resistance to any move up. Volume at the ask and only volume at the ask will beat this little bugger. We need help from the company. Looking at INPC's PR history, they are overdue to release one.
It is desperately needed.
Any ideas or theories of why this is being held down?
Fred
I second that, this is bullshirt
I look forward to them being done...
Monkish
CINN wont contain us once money flow starts coming back in.... The chart is stetting up nicely, and Volume has been increasing over the past three days.... (Even on terrible market, and Friday)
Todays volume will be higher yet again IMO..
CINN = DONE!
What are the odds of the CINN machine letting us run today?
Any thoughts....Merger Related...Best buy - Circuit City...
Monkish
Definitely still hiring!
http://www.careerbuilder.com/Jobs/Company/C8B1SH76NKLQKCD8GP1/InPhonic nc-Jobs/
Great article............ Only Lazzard knows what is going on. But trust me the previous run was a precurosr of what is going to happen in few days
Perhaps Google would like access to INPC's leading online service distributorship to go along with it's plans to have Google powered phones and service.
Runs Bestbuy Wireless...
http://wireless.bestbuy.com/template/simpleautocontent.aspx?pageid=1065&referringdomain=bestbuy&refcode1=&refcode2=&agent=&eid=&zipcode=
"We value the relationship we have with our customers and are committed to responsible information-handling practices. We take great care in safeguarding your personal information and exceeding our own internal standards and best practices. This wireless store is operated by InPhonic, Inc. (“InPhonic”). We provide this notice explaining our online information practices and the choices you can make about the way your information is used at our site."
Runs Radioshack wireless...
http://radioshackwireless.com/autocontent.aspx?pageid=998&referringdomain=radioshack&refcode1=home
"These offers are fulfilled for RadioShack by InPhonic, Inc., an authorized dealer for AT&T, Sprint PCS, Nextel and Alltel. "
Runs Amazon Wireless...
www.amazon.com
"Amazon.com will transition its mobile phone sales to go through Inphonic, the largest online dealer of mobile phones. This is a rare move for Amazon, a company that is more used to having other companies outsource their web store operations to them."
My opinion ... HOLD and possibly LOAD more.
Bottom line is they are GOOD at what they DO!!!
Found on a blog ...
WSJ reports Sprint is the big dog in the Google deal, not Verizon.
http://blogs.wsj.com/biztech/2007/11/01/ring-ringgoogle-to-announce-p...
As for what Laz might do, I think it's actually more productive to
think about what Laz is best at. Buyouts and mergers. That said, a
buyout is unlikely as InPhonic deals in a niche market.
So a merger is more likely. Why not bankruptcy? Laz knows how messy,
costly and unfruitful a BK is, and wants to avoid it at all costs. As
each day passes, a BK is unlikely.
Now back to the merger. Who's likely to want to incorporate a
distribution (phone and plan) service that is (allegedly) top of the
line? Keep in mind, InPhonic's customer support record is miserable,
but their distribution services are the envy of the likes of Radio
Shack, Amazon, Best Buy, etc (which is a main reason InPhonic handles
it for them).
Who needs a new distro wing? Who wants to start their own distro wing?
Who needs to improve their distro? Is there anyone who needs to? The
answer to the last question is yes. But the prevailing question is
who?
That's what Laz is trying to figure out. And apparently they have
several biters, including 2 big names (which was what drove the most
recent spike). Now, honestly, I have no idea who the names are. Laz is
keeping it close to their vest, and it was what prevented them from
releasing their findings this week (as originally scheduled).
But, here's the rumor (note: there is no real source for this other
than whispers, so if it's completely wrong, don't blame me): Best Buy
is bigshot #1 (who reeeeeally wants to get their hand on the Google
distribution deal, and can look like a real contender with InPhonic's
infrastructure) and bigshot #2 is a private company (Brightstar maybe?
Let's face it, the original deal for Brightstar was a stepping stone
for a merger. It broke off because InPhonic wouldn't budge and
Brightstar didn't want a partner with so much debt).
Again, that last paragraph is based on whispers and rumors. What is
accepted is that Laz got some bids. What's not accepted is from who.
Huge Rumor about Google and INPC partner ship!!
will INPC be a candidate? I sure hoping so! Just imagine it lol
check the link if you havent seen it, if you have thats fine too!
http://blogs.wsj.com/biztech/2007/11/01/...
WHo cares.. I'm ready for the bounce!
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Date Reg SHO Threshold Flag Rule3210 Flag Nov 1, 2007 Yes No Oct 31, 2007 Yes No Oct 30, 2007 Yes No Oct 29, 2007 Yes No Oct 26, 2007 Yes No Oct 25, 2007 Yes No Oct 24, 2007 Yes No Oct 23, 2007 Yes No Oct 22, 2007 Yes No Oct 19, 2007 Yes No Oct 10, 2007 Yes No Oct 9, 2007 Yes No Oct 8, 2007 Yes No Oct 5, 2007 Yes NoTransfer Agent: American Stock Transfer & Trust Company, 59 Maiden Lane New York, NY 10038 Company Contact Information: Corporate Headquarters 1010 Wisconsin Avenue Suite 600 Washington, DC 20007 http://corp.inphonic.com/pages/index.asp Investor Relations e-mail: investor@inphonic.com Phone: (202) 333-0001 Media & Analyst Relations e-mail: media@inphonic.com Management Team: Andy Zeinfeld Chief Executive Officer Andy Zeinfeld joined InPhonic in April 2006 as President of E-Commerce and was appointed Chief Executive Officer in October 2007. Prior to joining InPhonic, Zeinfeld served as RadioShack's Senior Vice President and Chief Retail Services Officer. A 28-year veteran of RadioShack, Zeinfeld is a widely recognized and respected leader in the wireless industry. During his time with RadioShack, Zeinfeld oversaw one of the largest wireless and communication service distribution programs in the United States, and maintains strong relationships with the largest carriers and manufacturers in the World. He joined RadioShack in 1978 as a sales associate and has also served the company as a computer marketing representative, computer center manager, district manager, director of leasing, senior director of leasing, and vice president RadioShack specialty retail group. Kenneth Schwarz Chief Financial Officer Kenneth Schwarz joined InPhonic in July 2007. Over an extensive career, Mr. Schwarz has held several executive roles in finance and operations across the technology and telecommunications industries. Before joining InPhonic, Mr. Schwarz served in senior executive positions, including CFO and subsequently President of Consumer Solutions at Intersections Inc. Prior to Intersections, Mr. Schwarz served as senior vice president of finance and information technology for WinStar Communications, and held executive positions with Cable & Wireless, Unitel Communications and MCI Communications. At MCI, Mr. Schwarz served as vice president and corporate controller. He is a C.P.A. who also previously worked as an auditor with Deloitte & Touche LLP. He holds a B.S. and M.B.A. from Indiana University. Gary J. Smith Chief Information Officer Gary J. Smith has served as our chief information officer and executive vice president since July 2000. From July 1999 to July 2000, Mr. Smith served as chief information officer and vice president of technology of Varsity Group Inc. (formerly known as VarsityBooks.com, LLC) an online retailer of new college textbooks. From September 1987 to July 1999, Mr. Smith served in various technology management positions at Discovery Communications Inc., an international media company, including most recently vice president of technology. Mr. Smith holds a B.S. from the University of Maryland. Frank C. Bennett III Chief Strategy Officer and President of MVNO Frank C. Bennett III has served as our president, MVNO services and chief strategy officer since March 2004. From March 2002 to March 2004 he served as InPhonic's chief operating officer. From August 2000 to August 2001, Mr. Bennett was senior vice president and group operations officer for the retail group of Verizon Communications Inc., a communication service provider. From October 1999 to August 2000, Mr. Bennett served as vice president, e-commerce and technology of Bell Atlantic Corporation (now Verizon Communications). From February 1998 to October 1999, he was vice president, customer billing of Bell Atlantic Corporation. In addition, from July 1996 to December 1998, Mr. Bennett served as a founder and vice president, call center development of Bell Atlantic Plus, a provider of bundled wireline and wireless services. Mr. Bennett holds a B.A. from the University of Virginia and an M.B.A. from The Wharton School of the University of Pennsylvania. Brian T. Westrick President of Wireless Activation and Services Brian T. Westrick has served as president of our wireless activation and services division since March 2004 and has held various other executive-level positions since joining us in June 2000. From December 1994 to June 2000, Mr. Westrick was vice president of sales and marketing for Universal Jet Trading, an international jet aircraft brokerage firm. From July 1991 to December 1994, Mr. Westrick was marketing director for Lease Audit and Analysis Services, a real estate consulting company. From June 1990 to July 1991, Mr. Westrick was a marketing representative with Xerox Corporation. Mr. Westrick holds a B.S. from the Wallace E. Carroll School of Management at Boston College. Walter W. Leach, III General Counsel and Secretary Walter W. Leach, III has served as our general counsel since January 2001. Mr. Leach served as corporate counsel of Snyder Communications, a marketing and communications solution provider from June 1997 to January 2001. From October 1992 to June 1997, Mr. Leach served as deputy corporate counsel for Inductotherm Industries, Inc., a privately held manufacturer. Mr. Leach holds a B.A. from Syracuse University and a J.D. from Vermont Law School. Board of Directors: http://investor.inphonic.com/profiles/investor/Directors.asp?sm_quote_field=&CName=&BzID=1461 News Items: Oct 24, 2007 - Filed 8K - Change in Directors or Principal Officers, Amendments to Articles of Inc. or Bylaws http://biz.yahoo.com/e/071024/inpc8-k.html Oct 11, 2007 - InPhonic Announces Appointment of Lazard as Financial Advisor -- Third Quarter 2007 Results to Fall Below Guidance http://news.inphonic.com/Pages/press_corporateDetail.asp?id=270 Sep 21, 2007 - InPhonic Promotes Andy Zeinfeld to CEO http://news.inphonic.com/Pages/press_corporateDetail.asp?id=267 Sep 10, 2007 - Ritz Interactive Selects InPhonic to Manage Wireless Category http://news.inphonic.com/Pages/press_corporateDetail.asp?id=265 Sep 5, 2007 - Brightstar and InPhonic Sign Definitive Agreement to Form Strategic Alliance -- New Alliance Sets Stage for Expanded Sales Opportunities and Better Operational Efficiencies for Both Companies -- http://news.inphonic.com/Pages/press_corporateDetail.asp?id=263 Aug 9, 2007 - InPhonic Announces Second Quarter 2007 Financial Results http://news.inphonic.com/Pages/press_corporateDetail.asp?id=260 Aug 9, 2007 - Brightstar and InPhonic Forge New Strategic Alliance http://news.inphonic.com/Pages/press_corporateDetail.asp?id=261 Jul 31, 2007 - InPhonic Schedules Second Quarter 2007 Earnings Conference Call http://news.inphonic.com/Pages/press_corporateDetail.asp?id=259 Jul 18, 2007 - InPhonic Names New Chief Financial Officer http://news.inphonic.com/Pages/press_corporateDetail.asp?id=256 Jun 20, 2007 - InPhonic First Quarter 2007 Earnings Conference Call http://news.inphonic.com/Pages/press_corporateDetail.asp?id=251 SEC Filings http://investor.inphonic.com/profiles/investor/secxml.asp?f=1&BzID=1461&to=sc&Nav=0&LangID=1&s=0 Company Issues: 1) The Company also announced that its financial results for the third quarter 2007 are significantly below previously announced guidance. “Our results for the third quarter did not meet our expectations. We have taken significant cost-cutting steps and are working with Lazard to address our financing requirements. The Company requires funding to continue operations, fund our losses incurred to date and to transition our operations to achieve profitability,” said Ken Schwarz, InPhonic’s Chief Financial Officer. “This has been a turbulent year for InPhonic. We believe the critical changes that we have already begun to implement are necessary for our ongoing business and to achieve profitable operations, but we cannot provide any assurance that we will receive the funding required in the near term to continue these changes for the business.” Management will provide a revised outlook on financial condition and operational changes at a later date. 2) Brightstar Termination The Company also announced the termination of the proposed Brightstar supply chain services partnership which was announced last month. “While I am disappointed the Brightstar deal could not be implemented, we believe that there continue to be potential opportunities for us to work together,” said Andy Zeinfeld, InPhonic’s CEO. 3) Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement On October 5, 2007, the Company received of a notice of default and reservation of rights from its secured lenders under that certain Credit Agreement, dated November 7, 2006, as amended (the “Credit Agreement”). The events of default include (i) failure to pay interest on the loans on October 1, 2007; (ii) failure to conclude the Inventory Transaction (as defined in the Credit Agreement); and (iii) failure to enter into a definitive agreement to provide for the outsourcing of the Company’s inventory management, logistics and fulfillment obligations by October 5, 2007. The lenders reserve their right to exercise any and all available rights and remedies available under the Credit Agreement. To date, the Company has not received notice that the lenders have exercised any such rights or remedies. Company Solutions: 1) Senior Management Restructuring On October 1, 2007, Andy Zeinfeld was promoted by the Board of Directors to assume the role of Chief Executive Officer. Mr. Zeinfeld came to InPhonic last year after 28 years with RadioShack Corporation where he had most recently served as Chief Retail Services Officer. In July 2007, Ken Schwarz was named InPhonic’s Chief Financial Officer after a financial career that spanned more than twenty-five years at public and private companies including MCI, Cable & Wireless, WinStar Communications, Intersections and Deloitte & Touche. InPhonic has also terminated Brian Curran as the Company’s Chief Operating Officer. The Company has reassigned Mr. Curran’s responsibilities across existing business divisions as part of a more streamlined operating structure. 2) Board of Directors has selected Lazard Middle Market to conduct, in conjunction with management, a full review of the Company’s financing and strategic alternatives to increase the Company’s cash liquidity and to maximize shareholder value. These alternatives could include a re-financing of existing credit arrangements, merger, sale, strategic alliance or other transaction. “We believe Lazard will provide us critical financial advisory services as we explore different strategic directions for the Company,” said Andy Zeinfeld, Chief Executive Officer of InPhonic. Lazard is one of the world’s preeminent financial advisory and asset management firms. The firm provides advice on mergers and acquisitions, restructuring and capital investment, as well as strategic financial services to corporations and governments. Lazard http://www.lazard.com/ Lazard is a preeminent international financial advisory and asset management firm that has long specialized in crafting solutions to the complex financial and strategic challenges of our clients. We serve a diverse set of clients around the world, including corporations, partnerships, institutions, governments and high-net-worth individuals. Our Financial Advisory business provides advice in connection with a wide range of strategic and financial matters that are typically of great importance to our clients. Our goal is to continue to grow our business by fostering long-term, senior-level relationships with existing and new clients as their independent advisor on strategic transactions such as mergers, acquisitions, restructurings and other financial matters. 3) No current action against the company exists from it's creditors at this time. This issue is being addressed by the new management under guidance from Lazard and details will be released when available. 4) Fourth Quarter 2007 financial statements are expected to improve based on current company performance.
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