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IMO, nothing happens until the company releases some positive news i.e. DTCC progress, iFinix Capital progress, iFinix Futures/Forex revenue, etc. With the current information vacuum, there will be no reason for investors to accumulate. The company announced that it would hold quarterly conference calls. It’s Feb so when will the conference call happen? I'm sure there are many investors that have a ton of questions to ask iFinix officers.
IMO, the financials will be awful and that will not help matters much. Last year, the company filed the annual report on March 31 so we still have some time before the 2010 information is released.
I am like many here, a totally flattened bag-holder with many millions of bottomed out stock. Its a great entry point for newbies but it stinks for most who got in well above .002 Hard to believe INIX was at .045 around this time last year. That's a 6,000% drop to the current price.
I'm hoping the economy improves and the market keeps improving so folks use iFinix Futures/Forex and build revenues. Futures and Forex are the key, IMO, to becoming profitable.
I do believe the stock is poised for a rapid increase if the right conditions are satisfied. For me, anything less than a true increase toward pennyland and not a short-term momo run, will be a huge disappointment. I still believe in iFinix, however, it has been very tough to keep the faith.
I will add it until I can contact the TA and get a new OS count.
Yes, the company is still in business. I spoke to the president of iFinix Futures this morning and he was very upbeat and said they are working hard.
I contacted the company and was told they are aware of the problem and it is being taken care of. It is not due to lack of payment or anything like that.
This trading action simply sucks. I am so very tired of seeing INIX in the triple zeroes. I sure hope the company does something significant soon to get this back into the double zeroes.
The company does not actually release a Q4 report. Instead, the company rolls it into the annual report which is due in March.
It will most likely stay that way until the company gives investors something to cheer and talk about. Time for talk is over. Now its time for action and results!
I submitted my paperwork to iFinix Capital on Monday and recieved my account number today. I experienced no problems in the process.
No way, IMO, the company shows a Q4 profit or annual profit. Perhaps, a profit after Q2 2011.
Current share price is .0008 not .008
100,000 shares @ .0008 or $80
That was not as bad as the 100 share trade @ .0006
iFinix really needs to release another PR soon to get some anticipation building. Have to give investors a reason to buy.
The software site should have been taken down a long time ago. It advertises a product no longer on the market and others that are still in development. Perhaps, someone should contact the company and recommend they take it down until they actually have a product on the market or at least remove the RealTime part.
All opinions of INIX, both positive and negative, are allowed so long as they refrain from personal attacks, violation of privacy, etc. There are other types of posts, that in my opinion, qualify for deletion such as over the top religious references. I believe in God however I do not believe my religious beliefs/opinions belong on this board. Let's all try and stay on topic and appreciate other's opinions, even if different from our own. As the company makes gains such as increased revenue, profits, DTCC entry, etc., I believe the tone of the posts will lean more positive.
As I've previously posted, and as posted by others here, it is my strongest opinion that the company should move with all haste and seriousness to get the stock back into the DTCC. It is not easy and requires the company to have another broker sponsor [lobby] iFinix to the DTCC. Meaning, ask the DTCC to take in the stock again. It also requires a legal opinion and a stiff fee.
There are other priorities too, but this is a key step in getting the share price back up again, IMO.
I am not the one deleting the messages. If your posts are deleted and you believe it was deleted unjustifiably, contact IH Admin and request a reason or provide justification as to why it should be restored.
I agree with you 100%. Top two issues for the company are getting iFinix Capital to where it is making serious revenue and getting the stock back into the DTCC. Nothing else matters IMO.
The software should/must take a backseat until everything else is taken care of. IMO, the three subs alone have enough potential to make this a heck of a company. The management cannot become overwhelmed and bite off more than they can chew, which is what happened last year.
I believe 2011 has a lot of potential for the company. Management must make pragmatic decisions going forward.
I sent a letter to the president of Riptide however he has not replied. I doubt he will. I told him about this board and that investors would like an update but he'll probably throw my letter in the round file.
Well, the main point is the software mentioned is not RealTime, its eFinix and there is no timeline set for a release. Its a goal.
IMO, the company should focus 100% of its resources on the three subsidiaries and becoming profitable. The 20% increase in revenue should be easily attainable if the company can devote financial resources toward marketing Futures and Forex.
The company must get the stock back into the DTCC this quarter and work to get the share price back to pennyland.
I sent in my iFinix Capital paperwork this afternoon. Hopefully, it all goes smoothly.
iFinix Corporation Sets Goals for 2011
PLAINVIEW, NY--(Marketwire - January 10, 2011) - iFinix Corp. (PINKSHEETS: INIX) a provider of real-time financial information and services to active traders and to the securities industry, today announced its company outlook for 2011.
The Goals
1) Increase revenues by 20% and profits in the company's subsidiaries -- ProActive Futures and iFinix Forex.
2) Implement the company's strategy to develop iFinix Capital into a self-sufficient and profitable subsidiary.
3) To launch iFinix Software trading platform eFinix.
4) Work diligently to promote the company within the investment community with the goal of enhancing shareholder value.
The Plan
Increase revenues by 20% and profits in the company's subsidiaries ProActive Futures and iFinix Forex -- Accelerate growth and revenues by increasing the marketing budget. Utilize additional in-house client/trader support personnel. Make an aggressive effort to grow the managed money program, which ProActive believes has the potential to become its most lucrative revenue stream. The company will aggressively market the managed accounts to build the base of iFinix Futures and Forex customers. ProActive also anticipates partnering with multiple service providers to increase the number of client accounts.
Implement the strategy to develop iFinix Capital into a self-sufficient and profitable subsidiary -- The Company will work diligently to build the retail side of iFinix Capital and to develop an entity which will provide full service brokerage for the long-term investor, offering stocks, bonds, mutual funds and retirement planning. Additionally, iFinix Capital will provide top of the line service and cutting-edge technology for self-directed online trading accounts.
To launch iFinix Software's trading platform eFinix, which will be offered as a web based product, making it accessible wherever there is an internet signal. The company is particularly confident that eFinix will stand up extremely well against the rest of the competition.
Work diligently to promote the company within the investment community with the goal of enhancing shareholder value -- The management will:
1) Market the company's services to brokerage houses and by presenting at various trade shows
2) Use print and web-based media to increase awareness of the company and its services to the investment community
3) Hold quarterly investor teleconferences to increase transparency and communication
CEO Benhope Munroe commented, "2010 was a year of building our infrastructure, we now have successfully launched three separate divisions. With the launch of our third subsidiary, iFinix Capital, the company is in a position to increase revenue and focus on profitability. Additionally, the company is in the process of getting its stock back into the DTCC system as soon as possible. Looking forward, I fully expect 2011 to be a year of positive growth for the company. I am confident that we will establish iFinix Corp as a major player in the marketplace."
About iFinix Corp.:
iFinix is a diversified information technology services and solutions company with expertise systems integration, outsourcing, infrastructure and server technology. iFinix has established a product line that delivers financial and business information with streaming, real-time market data, news and analytics to professionals and active individual investors. The company's suite of products includes iFinix RealTime, iFinix Trader and eFinix. Visit http://www.iFinix.com www.ifinixforex.com www.proactivefutures.com www.ifinixcapital.com www.ifinixsoftware.com
Legal Notice Regarding Forward-Looking Statements:
This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of iFinix Corporation to be materially different from the statements made herein.
I will fund my iFinix Capital account with my warrant shares. I will place a few trades and if all goes smoothly, I will use ACAT and transfer my shares from TD into Capital. Since TD is not allowing me to trade as I want, for whatever the reason, I do not feel obliged to use them any longer.
You are correct. I do have a TD Ameritrade account which no longer allows me to buy INIX and will not accept my warrants. I am opening an iFinix Capital account so I can deposit my warrants. What's wrong with that? If INIX can get back into the DTC, perhaps, TD will allow trading as usual again.
I plan to open my iFinix Capital account on Monday. I also plan to fund my account with my warrant certificates.
The PR released not too long ago mentioned that Transcend and Penson were handling the back-end operations for iFinix Capital. There would not necessarily be an actual relationship there. iFinix Capital would pay a pass-through fee and most likely a percentage of the profit to Transcend and Penson and then would pocket the remainder.
Since the company has offered no press releases concerning iFinix Forex and no conference calls to discuss it, it's impossible to know how well it is doing.
iFinix Capital will have no impact on the fins. If it does, it will be a negative. The company launched it too late in the year for it to have a positive impact. However, whatever costs were associated with launching it could cause the fins to look more negative, IMO.
Is there any chance to see a positive quarter? IMO, there is no chance.
Moving forward, IMO, the company needs to release a PR outlining their 2011 business plan. It needs to be clear and concise, no fluff, and tell us exactly how the company plans to become profitable. I also want to know how the company intends to increase share value. This triple zero crap is starting to smell like rotten fish.
This is a public company and the board members are supposed to be working for us.
There is a very interesting read about the role of the DTC as it relates to small companies. http://www.thelebrechtgroup.com/index.php/publications/tlg-publications/185-dtc-the-final-final-hurdle
I was particularly drawn to the final paragraph. See the bold section below. The forward split definitely backfired on INIX shareholders:
Recent Developments
A couple recent developments are worth mentioning. First, there has been some mention of a “DTC-eligibility fee” being charged in the range of $3,500 to $6,000, which, if true, is remarkably high considering the services performed. I think everyone is o.k. with a “risk premium” for the services for new small public companies in light of the FINRA Release, but that fee range is absurd. Second, and more importantly, according to the latest rumors, any name change, stock split or other activity that requires an issuer obtain a new CUSIP number will cause the company to need to re-apply for DTC-eligibility, which, based on what has occurred recently with new public companies, could be a time-consuming, expensive process with no known conclusion. Additionally, there is allegedly a legal opinion that may be required for these companies to obtain and submit to DTC with their re-application. This could also prove to be an expensive proposition. Stay tuned to our website for the latest updates as things are changing quickly, and be careful of hurdles appearing after the finish line, they can really trip you up.
IMO, the top priority for iFinix is to get the stock back in the DTC!!
I'd like to see examples of those companies. With Billions of shares, no pr's, and no revenue doing fine . How can a company be fine with no revenue?
iFinix Capital was launched four months later than initially announced in early July. Several of the PRs released after the Capital launch, IMO, were fluff and had no impact on the share price.
IMO, the large dumping was the result of restricted shareholders unloading their shares. I do not believe the company could have done anything to prevent that from happening. The restrictions were lifted and they dumped, thus forcing the share price down. The dumpers, as I previously posted, were most likely the folks issued large amount of shares at absurdly low share price [.0001 - .0003] in late 2009.
Now it is up to the company to get the stock moving up again. You are correct, time will tell.
In order for that [buying action] to happen, investors need a reason to buy INIX. The company needs to release a substantial PR, no fluff, outlining its 2011 goals. How does the management intend to increase revenue, start making quarterly profits, increase share value, etc? At this time last year there was anticipation and momo. There is none of that right now.
When does the company plan to hold another shareholder conference call?
When are the iFinix board members going to start buying shares and filing Form 4s? With the share price in the tank, it seems to be an excellent opportunity for them to buy the stock and show investors they believe in the company. I'm not talking about a share buy-back, just personal investment.
How does the company plan to market iFinix Capital? Need to build a solid subscriber base to bring in revenue. That can't happen if no one knows about it.
What about getting back into the DTCC??
It could be folks who put in GTC orders and then went on holiday. Hopefully, the new year will bring an upward move in the sp. Certainly, the best way for that to happen is for the company to release a few non-fluff PRs that create some anticipation.
Nice try Z man. We all know you made some nice bank flipping this late last year and again early this year. Whatever you're holding now are all free shares. But I'll gladly take that 1000% gain that get's you back even on them. LOL
There was a member who posted on this board earlier this year using the alias MP1973. The posts were very similar to yours; very upbeat, inferring that they had insider information on the company, predicting huge success (even giving target dates), referring to higher powers [I assume that to be God], etc. However, none of his predictions came true. In fact, one time, this same person implored members to keep hitting the ask while unbeknownst to the members, MP1973 was dumping a million shares and tanked the share price more than 100% in one session. After the session closed, he apologized to the board. He was soon booted from the board.
I appreciate your strong faith in the company and predictions that they will succeed. However, I would caution you to err on the side of prudence. It is hardly an excellent corporate decision to cause the stock to be exited from the DTCC. It has prevented many members from buying more shares and averging down. If iFinix's forward split caused TD Ameritrade to expose their short position, it certainly backfired since they no longer allow the stock to be purchased.
I wish you much success in 2011.
I have been in this stock for four years and I have been through the highs and the lows. I am just being pragmatic in my view of the company now. I admire the management for their tenacity most definitely however there have been mistakes made. I am entitled to have division in my posts and like so many others on this board, I most definitely want to see the company succeed and hit multiple pennys again. However, the speculation alone is not enough for me anymore. I want to see quantifiable and sustainable success in 2011. I for one believe the company bit off more than it could chew in 2010 rather than focusing on one or two majore goals. Hopefully, lessons have been learned and will not be repeated going forward.
Last year, there was a great deal more anticipation for INIX than there is now. The company had accomplished several milestones including a shareholders conference, the filing of the Form 211, etc. The anticipation of the RealTime launch fueled the stock from triple zeroes to pennies in just six months. However, that was 2009.
Not much can be said for 2010 along those lines, other than it was a disaster. RealTime bombed, the Beckman deal was delayed several months, iFinix Capital was delayed four months, the forwards split seems to have been a mistake, and the stock has tanked over 3000% since January.
Based on what's happened in 2010, is there any doubt that the 2010 annual fins will be anything but negative? No $134 profit this year.
The company now has to find a way to rebuild shareholder confidence, get back into the DTCC, make recurring quarterly profits, increase revenues, succeed with iFinix Capital, etc. etc. IMO, that is the only way INIX gets back to pennyland. I also strongly believe the corporate officers must start buying INIX shares and filing Form 4s. That will send a signal to investors that they believe in the company. Hell, if the corporate officers are not willing to buy INIX why should other investors.
I was given the name of the Riptide Investor relations by the TA. I sent Mr. Joe Vitetta several emails concerning the company's lack of financial filings and PRs, however he has not returned my emails.
I recently contacted the Transfer Agent and was provided with the current OS and AS count. I have updated the numbers in the iBox.
Your comment about the approximately 60 million shares not doubling is inaccurate. The 60 million shares that did not get turned in would double as a result of the split and would show up in the OS. However, since the now 120 million shares were not issued, they would be voided and removed from the OS. Meaning, the OS would be reduced by that 120 million and the shares would go back to the company.
Reposting with dignity. In my opinion, there are two investor actions taking place with INIX at this time.
1) Regular investors are selling for end of year tax write-offs or they are selling because they still can get out for a small profit as a result of the forward split.
2) According to the 2009 annual fins, there were a large number of shares issued to pay debt owed as a result of the past dealings of the former Chairman of iFinix and for services to Waterville Research and, wait while I puke, Network 1 Financial Services. [In my opinion, other than filing the Form 211 for iFinix, Network 1 bent the company over and really had some fun].
The following list shows that in late 2009, 27,300,000 shares were issued for debt and services before Dec 21. They have ALL now past the one-year period of restriction. Given that the forward split doubled these shares to 54,600,000 and halved their face value, all of these peeps made a very very VERY nice profit if they sold recently at .002 - .0037 Others, would also still make a nice profit selling at .0008 - .0009 considering they were issued shares at .0001 - .0003 [In my opinion, iFinix did not sell shares into the market last month or this month. I believe all of these people sold their shares and laughed until they peed themselves as they put INIX in their rearview mirrors]
10114/09 Voyager NY 6,000,000 $.003 $18,000 Rule 144 Debt
Partners - Joseph Common -
Guccione – Restricted Partner
11117/09 Voyager NY 9,000,000 $.0003 $2,700 Rule 144 Debt
Partners- Joseph Common-
Guccione – Restricted Partner
11119/09 Dartmouth NY 3,000,000 $.0003 $900 Rule 144 Debt
Capital- Fred Common-
Luthy – Restricted Partner
11/19109 Columbus NY 3,000,000 $.0003 $900 Rule 144 Debt
Partners - Fred Common-
Luthy - Partner Restricted
12/04/09 Darnon NJ 1,200,000 $.0001 $1,200 Section Consulting
Testaverde Common- 4(2) Services
Restricted
12/04/09 Network 1 NJ 600,000 Common - $.0001 $600 Section Consulting
Financial- Restricted 4(2) Services
Damon Testaverde – Director
12/04/09 Keith Testaverde NJ 1,200,000 $.0001 $1,200 Section Consulting
Common- 4(2) Services
Restricted
12/11/09 Waterville NY 500,000 Common - $.0001 $500 Section Consulting
Research- Restricted 4(2) Services
Michael Sweeny
- Partner
12/11/09 Sweeney Family NY 1,000,000 $.0001 $1,000 Section Consulting
Common- 4(2) Services
Restricted
12/11/09 Hayde Family NY 1,000,000 $.0001 $1,000 Section Consulting
Common- 4(2) Services
**Considering there must be a buy associated with a sell, the 54,600,000 shares would result in a trading volume of 109,200,000 shares.
If they are finished with their sell-off, perhaps the stock will start moving up again soon. I sure hope current iFinix management has a solution for the stock tanking more than 2000% since January.
Every time there is a large volume downward day, the first thing people do is accuse the company of diluting. It could be that folks are selling for their end of year tax write-off.
Todays volume only amounts to about $16,000 cash.