Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
.12's getting nibbled. Next MM at .25
YEAH BABY!!! Up 100% in the last few sessions!!! Now, let's see if we can double up again next week!!! I wonder what's up? Whatever it is, it must be GOOD!
*** YES!!! ***
Looks like whoever was slowly accumulating perked up a few ears today. This will move with vol.
Slowly moving up. What's the interest?
Nice bump today! maybe getting some exposure??
INREEX: A Potential Solution to the Subprime Mortgage Meltdown
INREEX, Inc. (Pink Sheets: IRXI) today opened discussion about the future possibilities of its exchange and how the current meltdown that is occurring with US subprime mortgage lenders could have possibly been avoided or lessened in effect if there would be widespread use of an exchange such as the INREEX.
INREEX, Inc., which stands for International Real Estate Exchange. is a London based company formed by a group of IT Professionals and Foreign Currency Software Architects that has developed an exciting new way to speculate on Real Estate.
"Our Goal as a company is to efficiently create an online real estate speculation exchange. We feel that there has yet to be a major enhancement to the way real estate speculation is conducted and that it is time to commoditize this vast pool of equity. What we are trying to do is give every single retail investor an opportunity to go out and speculate in the real estate markets without actually having to buy physical property," said Paul Rozenberg, CEO of INREEX, Inc.
Since late 2006 over 63 Subprime Mortgage lenders have filed for bankruptcy. Analysts are predicting that the worst is far from over, as default rates keep rising rapidly. INREEX believes that a major contributor to this situation has been excessive speculation in Real Estate by inexperienced individuals with little or no equity.
“During the last 5 years we have seen irrationally leveraged speculation in Real Estate, and lenient lenders that have basically issued anyone with a social security number a loan. This is now developing into what we believe will be worst than the Stock Market Bubble of 2000. If this entire class of Investors chose to embrace the capabilities of INREEX, they could still take part in Real Estate speculation, with the benefits of immediate liquidity, no debt payments, and efficient electronic pricing,” continued Paul Rozenberg.
The INREEX trading technology allows an investor to log in from anywhere in the world and buy, sell, or short the entire United States of America. INREEX offers its users free tools such as real-time quotes, advanced java charts, real-time order book, time and sales, watch lists, and a proprietary real time screening tool that allows an investor to easily identify trends in the marketplace.
Mr. Rozenberg concluded, "In the next few years we hope that investors and real estate professionals will realize the benefits of commoditizing Real Estate. And if that happens we will be there to benefit from this growth, as the only exchange in the world focused solely on real estate.”
About INREEX, Inc.
The INREEX (Pink Sheets: IRXI) is a real estate prediction exchange that lets investors take advantage of fluctuations in the real estate market, without having to buy real property. With INREEX investors can experience the same excitement and liquidity of the stock market, while securing the benefits of real estate investing. The exchange is powered by peer to peer technology allowing for transparent and efficient trading 24/7 from virtually anywhere in the world. Ultimately the INREEX could protect homeowners from a potential housing decline or just allow for efficient real estate speculation without the need to buy or sell actual real estate.
To learn more about INREEX, Inc. visit:
http://www.inreex.com
The information contained in this press release may include forward-looking statements. Forward-looking statements usually contain the words "estimate," "anticipate," "believe," "expect," or similar expressions that involve risks and uncertainties. These risks and uncertainties include the company's uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its products, competition, limited service and manufacturing facilities, dependence on technological developments and protection of its intellectual property. The company's actual results could differ materially from those discussed herein.
INREEX, Inc.
Paul Rozenberg, 703-752-6138
or
Press Inquiries:
press@inreex.com
www.inreex.com
Yes - IRXI up to 4 cents today! Yes! That's a 33% jump. It's my best performing stock. Yes! LOL!
I guess we'll have to wait. We'll have to wait and see if they regenerate themselves as a tofu-manufacturer next, or something.
Do scams still answer the phone?
Someone has answered each time i've called. And, I've spoken with Paul Rosenburg a few times. The performance of the company and the PPS suck but I don't believe it is a scam. It may fold because of lack of interest but not because they are not trying.
As much as it pains me to say it, I think you may be right. The only thing that I see as positive is that I remember seeing somewhere (and I can't find it now, of course) that the public float was only about 10% of the outstanding shares, which tells me that insiders wouldn't need to be buying. Anyway, not worth it to sell at this point, so I'll just play the waiting game.
Friend, I think we've been farked in the butt. These bastards ran the stock up on major hype and dumped their bag of turds all over our heads. If the "insiders" are not even buying this floating turd for 2 cents per share, what does that say? I'm wondering if there is a way to find out if securities laws have been broken and if these people can have their asses sued in half.
Come on, Paul. Tell us something. This thing has become a turkey with no following.
I don't think anyone is claiming manipulation, especially because there have not been any significant price swings for over a year. Plus, this stock is not worthless. Extremely cheap, yes; but not worthless. I have had other issues that actually became worthless, delisted, and so on.
100 shares may look like tiny trades to you, but if you consider that someone bought 100 shares at 2.50, it equaled $250.00 at the time. Now that the shares are worthless, someone could not get rid of them in their portfolio because the trade would cost more than $7.00. So what people do is call their broker to eliminate these worthless shares for free with a market order. Brokers usually do that for you for free like Schwab. No Woodoo manipulation here!!
Are these guys ever going to update shareholders?
Talk about total capitulation. They sold for a gross of $1, but since they paid $20 in commissions, it probably cost them close to $20 out of their brokerage account just to get a trade-confirmation of the loss. That' stupid.
Price drops 66% to a penny on 100 shs??? Someone spent a dollar and gets this type of price action?? What am I missing?
Ok let me clarify. I am not saying the company is a con. They may be perfectly legitimate- being on the pinks, it's impossible to tell. What I am saying is that the mailer was sent out in order to let someone sell shares to people at much higher prices. Sombody somewhere dumped them on the masses. I dont know who, nor do I care. But when a pink sheet stock goes from those prices to where they are today, there's more than meets the eye involved. Coincidence that the price dropped following the mailer/ pr campaign? I think not.
Also trading on HOPE can be one of the most costly mistakes made by pink traders. I'm a classic case study on hopefully waiting when I began this game years ago. I lost a nice chunk-o-change on this one, but many others I know lost much more.
If this is a con, then here's my question.
That surge you mention seemed to eerily coincide with the mass-mailer they sent out. It seemed to hook lots of people and generate lots of interest. If I remember correctly, they targeted a price of $16.
If there really is no viable business behind this, and it is just a pump & dump, why have there been no subsequent "pumps". The press releases I have seen seem to have traces of legitimacy. I'm not saying they are, but I remain hopeful.
This hasn't been touted anything like LITL, which I was getting e-mails about every 15 minutes!
When you are able to con people, you don't just stop at one. You continue.
Why even bother then? The stock is a penny. Why not buy the yacht and sail off into oblivion with the loot?
They should have all the money in the world to buy the best webmaster out there after dumping shares at 2.80-2.00 last spring.
Anyone checked out their web-site lately? Looks like someone is still working at the company. It'd be nice to hear a news release someday (soon).
Well you got the penny part correct. Lotsa people got scammed on this one.
Interesting finish today. Quite a drop on little volume. What's going on?
I haven't heard anything beyond their latest PR release. The stock price has sure been pounded since then...
---------------------------------------------
INREEX, Inc. Unveils Its New Online Sports Exchange and Adds the U.K Region to Its Real Estate Exchange
BusinessWire - December 07, 2006 9:33 AM ET
INREEX, Inc., (Pink Sheets: IRXI) an innovative developer and operator of interactive online trading exchanges, is pleased to announce the launch of the company's new online sports exchange, 11Trade. The site can be accessed at: http://www.11trade.com In addition, INREEX has been moving forward with the expansion of its Real Estate Exchange by adding the U.K. to its list of tradable areas.
11Trade is consistent with our primary business model while at the same time enabling us to penetrate a global market of over 500 million people, which includes both sports fans and online investors everywhere. This interactive online marketplace will allow for speculation by the company's membership in various sporting events using both long and short-term contracts. Members' generate profits or losses from the rise and fall of contract prices with short-term contracts receiving a payout every time the correct side of a particular wager is chosen. INREEX generates revenues from commissions paid to the company on member transactions.
A distinctive feature of our exchange will be its peer-to-peer technology; with this, members can experience the same excitement and liquidity that is witnessed in the stock market. The Sports Exchange targets International participants and will not allow United States residents or residents in other jurisdictions to place bets or participate in the exchange where such participation is contrary to existing laws and regulations.
Currently, users will be able to open accounts and trade a portfolio with "virtual" money, as 11Trade is still in the beta stage. The exchange will initially launch with its primary focus on professional soccer events with the intention of integrating additional sports as practical. The exchange is expected to operate 365 days of the year, 24 hours per day and have a live chat room as well as a public forum where traders can openly discuss the state of the exchange and swap ideas. Over the following months we will continue to test for any glitches and gather data from all feedback received from users.
"The launch of the 11Trade beta platform is a significant step in expanding our product offerings. We continue to actively pursue new ways to commoditize various markets and I believe many will find our latest exchange as an exciting approach to electronically speculate on numerous sporting events," said Paul Rozenberg, CEO of INREEX, Inc.
As we have previously mentioned, INREEX's aim is not only to continue the expansion of our current core business, but also to advance our position as an international real estate exchange. To that end, we now allow for speculation on an international level with the addition of the U.K.
About INREEX, Inc.
INREEX, Inc. (Pink Sheets: IRXI - News) is an innovative developer and operator of interactive online trading exchanges. The INREEX is a real estate prediction exchange that lets investors take advantage of the fluctuations in the real estate market, without having to buy real property. Ultimately, the INREEX could protect homeowners from a potential housing decline or just allow for efficient real estate speculation without the need to buy or sell actual real estate. 11Trade is an online sports exchange with its primary focus on professional soccer events with the intention of integrating additional sports as practical. Both exchanges not only allow members to experience the same excitement and liquidity that is witnessed in the stock market, but they are powered by our distinctive peer-to-peer technology feature allowing for transparent and efficient trading 24/7 from virtually anywhere in the world.
To learn more about INREEX, Inc. visit: http://www.inreex.com.
The information contained in this press release may include forward-looking statements. Forward-looking statements usually contain the words "estimate," "anticipate," "believe," "expect," or similar expressions that involve risks and uncertainties. These risks and uncertainties include the company's uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its products, competition, limited service and manufacturing facilities, dependence on technological developments and protection of its intellectual property. The company's actual results could differ materially from those discussed herein.
SOURCE: INREEX, Inc.
INREEX, Inc.
Paul Rozenberg, 703-752-6138
or
Press Inquiries: 877-4-INREEX
press@inreex.com
www.inreex.com
So, have you heard anything or did they run with the booty?
I feel sorry for anybody who bought this scam stock irxi. Remember if u get an email saying this stock can go to 5 10 15 dollars, Your best bet would be, not to buy it. If it sounds to good to be true than it is. I get so many in my email and I dont buy any of them. I just check up on them from time to time to see how they are doing. They r doing bading except that one for .70 LITL back then. My brother bought @ .70 and sold @1.56 and made 2600.00 but I say he was lucky, and I still wouldnt buy them if u even pay me to . Go to antandsons and do some reading u might make some money.
I sent another message yesterday, this time to their "General" address. We'll see what happens...
Wow, after 2 months, there is life on this BB besides me.
Not a good sign that IR won't contact you. It can't be like there are too many investors out there to respond to.
Is there anyway to find out if this whole thing was just a scam?
Weren't they supposed to be working on getting listed? What ever happened with that?
I'm still holding onto my stock for the long haul. It has lost so much that I see no upside for me to sell now. Who knows, maybe years from now I'll be glad I kept it.
I still do, haven't decided if I'm happy about that or not. Haven't seen any news, announcements, filings, etc in months. Is this thing a dead duck, or will it soar someday?
PS - I have e-mailed investor relations three times to receive their investor packet, and have gotten no response. I know I shouldn't be negative on a stock I'm really pulling for, but I would sure like to know what (if anything) is going on.
Anyone besides me still own this piece of junk?
might be.oil price is going up.oil company can watch.
Am I the only dumb farker in the world who owns this stock right now?
did you make $$$from other stocks?tomorrow will be up day.not this one.
i visit here sometime.this kind of stock will be like this for very long time.it is end.you are wasting your time.
I'm still in. Is anyone else in the world still in with me...or am I the only bag-holder?
I'm out..........................................................
I got out in full today.......I had orders in @ .75 and .65 the last couple of days but never filled....decided to just suck it up @ .57 .......lost 6K and moving on. On a good note, put the proceeds in equr and made $1500 back this afternoon so I'm feeling a bit better. Good luck everyone and thanks for the input. I'll be checking in.
Rev
I find IRXI and interesting stock. I'm watching it to see if they can actually develope a market.
Some problems I see, however:
1) No financials were listed on the prospectus
2) It appears that unlike a brokerage, they won't guarantee the trade. Is that correct?
3) If it is such a good idea, why hasn't someone else done it?
4) No patents on technology. Why not? Will someone else claim the rights later on?
5) No business currently being done in the US. Not allowed, yet.
Those were some of my thoughts. However, I'm interested. I might do some more research on it. Overall, I'd say, however, that this stock is not likely to do anything. But I do like the website. It is well done.
Does anyone know how the UK site does. I guess that would be my screening question. If they do really well there, then I'd be more excited about it.
IRXI: $0.59b $0.65a 2,500 shares traded 25 min to go.
Ajor1
i used the rest of my money to call GG and get my money back.ha ha..don't play garbage.
Revelator - hang in there, I think we have nowhere to go but up I hope!
hahaha!..............................................
Misery loves company. I'm holding on by a thread.
Rev
Well, I'm still here. So, that makes 2 dumb speculators.
I haven't tried to call since my last posts. I could see if Rozenberg would give us any kind of update. Who bought in this afternoon? Even small moves are appreciated. Who would be a buyer right now? Do they know anything we don't? Surely the dumb speculators like me are long gone.
Rev
Looks like IRXI is going to go flat here until news comes out. Anyone contact the company and get any information?
Auggy,
It's not a reference to a band but it IS music related. I'm still in. Believe me, no thoughts of averaging down. I do agree at this point there's less downside risk than there is upside potential. That said, I'll watch for an exit around $1 if it moves. If it keeps languishing here, I'll take my rightful punishment and move on.
Rev
Well I know alot of people are down about this stock here but this is one of those that you sit on and wait I believe.
Pretty impressive idea. I think it is just a matter of time before people start playing this market as many people have bought REITs in the last few years to take advantage of the Real Estate market explosion. My thought is what do people do when the market turns south. They can short the markets through this exchange. We know it is only a matter of time before the Real Estate market bubble bursts. Anyway with that being said pretty impressive facts;
50 mil Authorized
45 mil O/s
4.125 Float
32 Shareholders
83 % owned by CEO
What I find most impressive is this in their recent filing March 27th, 2006 on the company website:
The company anticipates filing a formal notification with the US Commodity Futures
Trading Commission ("CFTC") shortly for classification as an exempt board of trade
("EBOT") per Section 5d of the CEAct and Part 36.2 of the CFTC's regulations.
The Exempt Board of Trade Rule is written as follows:
Transactions by eligible contract participants in selected commodities may be conducted
on an exempt board of trade (EBOT) under the Commodity Exchange Act. The
requirements and provisions related to exempt boards of trade (EBOTs) are set forth in
Section 5d of the CEAct and Part 36.2 of the CFTC's regulations. Under Section 5d, a
board of trade electing to operate as an exempt board of trade must so notify the CFTC.
Exempt boards of trade are subject only to the Commodity Exchange Act's anti-fraud and
anti-manipulation provisions. An exempt board of trade is prohibited from claiming that
the facility is registered with, or recognized, designated, licensed or approved by the
Commission. Also, if it is performing a price discovery function, the market must provide
certain pricing information to the public. Further information on EBOT's are available on
the CFTC's website at: http://www.cftc.gov/dea/deaxbotbackground.htm
The company believes that electing the EBOT status will allow the exchange to have
market presence in the US much faster than originally planned. Subject to this EBOT
approval the company will offer its members an efficient, scalable high speed, high
volume electronic platform to trade cash settled, real estate contracts.
This comes out this might get a nice pop. Obviously no one is buying into it now in anticipation
Well just my thoughts. GLTA. Fwiw I own a few shares
Yoda
no need to play garbege.i play oil stocks,su,ois,plll,and IPO:ice,nyx...all gave me a good return.
but this IPO...so,even gambling money,don't put in these.
i see your point!
since i sold a long time ago i wasn't considering how it would feel to be down so low. maybe at this point i would stick it out, but i certainly wouldn't average down unless the ceo put me on the board of directors.
Followers
|
6
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
157
|
Created
|
03/29/06
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |