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SURE............
With the split, it'll soon be wave: 9.8?
Same thing in the end just more lines, arrows and bs colors...
:)
No chart will ever trump co. news, investor sentiment and or the pump ala zombie.
After the 10th, do we get 2 magic boxes? Hmmmmmmm
AHAHAHAHA.........
I have to agree with old-
SMcpoochygoo. The split might not fit in to some of the newer investors future plans. There are always plays going on and to have money sleeping in INIX waiting for a post split rise might not fit in to the daily traders plans. Im wondering if it fits into my plans any more. I was worried with the 400 m shares and the 288 was "eh" but now it doubles. Leads me to believe that 1 the company is too worried about the shareholder and 2 the company needs cash. Havent seen the details yet as Im wondering if the split will pertain to only the "outstanding" shares or to the whole pie?
And.........
That means what in the long term of this company???
Really?......
"I believe it will reach-
a dime in 3-5 years. The question is how many R/S's will it take."
Isnt that a shame though...? One thing I wonder, When this company will learn? They seem to want to pacify the investors more than making sure their corporate actions will ensure progression of the business.(atleast make it look that way)
Action: Reducing authorized shares. On february 5th the company announced that the B.O.D. had directed the Secretary of State of Nevada to amended the capital structure of iFinix Corp., reducing the number of Authorized Common Shares from 400,000,000 to 288,000,000 and retiring all 1,000,000 Shares of its Common B.
Result: PPS continued to decline as shares were continously used to maintain the companys cash position. (this was a known)
What would support the reduction of shares though? Realtime was but 19 days on the market.(released Feb.24th) Now, as of September 1st, The company announces an increase in authorized shares VIA a stock dividend reward to shareholders. Maybe the 400 million shares would have sufficed?????? hmmmmmmmm Whats 176m more shares? it's a pink stock, INVESTORS EXPECT high dilution..... What happened to all the "cash" from the "warrants"?
Action: Energy/funds spent on Realtime. June 24th: the iFinix RealTime upgrade is currently in the final stages of internal and external beta testing.
Result: Realtime suspended July 9th: iFinix has also completed an extensive cost-benefit analysis of its RealTime product. Current subscription revenues are not covering the operational costs and thus dictate the suspension of the product for the near-term.
How much was spent on the analysis and the upgrade? (Id think much of the expense was internal)
How long was the "red flag" up? Wisely, the company did not take 8-12 months to suspend the loss on RT. Im thinking early on, there had to have been some kind of suspicion that the product was not going to provide the kind of revenues once estimated.
Conclusion: Reducing the A/S shares did not maintain the PPS as one would have hoped. Continued spending on Realtime up to 2 weeks prior its suspension lead to wasted energy/funds. Higher dilutive state as SGA grows faster than revenues.
New Questions: Realtime and Trader, what kind of funds are being used today to further their growth?
Why have the investors not received an update on the "Capital" division that, per the CC, an update seems past due?
Dank, now working for Network 1 financial (NTFL)
Isnt he the "pro active" guy.. Hmmmmmm....
A dime in 3-5 yrs.... take a look at (QMCI) for a comparison business on what the company was using a large portion of shares and betting on being successful in - Good thing they had the "other" subsidiaries.
(QMCI provides the quote system for OTCBB. as well a private and professional investor suite of products)
10 cents for (INIX) 3 to 5 huh... ?
Hmmmmm.
Sounds like a big "SHAREHOLDERS REWARD" in da-
arse to me.........
Be interesting to see how all this plays out prior or during the new "Reward to Shareholders" via a "dividend" F/S......
It cant be this difficult, can it?...
SURE it CAN.........
Hmmmmm
The only murkey thing with my math
Is "whats getting split"
Is the split for "outstanding" shares only? I wouldnt think so.
wouldnt make sense. The company needs cash, might as well double whats left in the kitty also.
576 A/S....post split
Id take the authorized to an even 600 million.(just in case)IMO
Now, with this FS being portrayed as a "dividend" via shares.
Are there any tax or future tax concerns for the shareholders?
I wouldnt think so but you never know these days. Many things have changed (bammy care) that arent really "in" the public eye yet. For safety sake maybe leave the word "Dividend" out of the legals eh Benny? (prob. too late)
Is that typical for a split?
A "return original shares" receiving 2 back ?
I need more info on that.
I can see where warrant holders would need to return certs.
Hmmmm..
Yes, you and everyone-
on the Ihub board for INIX (board members only) get 3 for 1 for being so dedicated as I (Bern-), I get my shares cut in half for being such a rotten bstrd.. all outside investors get the boring (typical) "1" for "1" ... :)
SURE...........
Did I mention, I have a piece of beachfront in Joisey 4 sale- cheap.
Whitest sands, bluest ocean and the seagulls have been trained to never poo on your car. Also, every other wednesday evening small crabs will crawl from the jetties and scrape all the dead flesh from your feet between the hours of 6 to 8 pm. You'll feel like you just got new feet, it's nice.
Im thinking about just giving it away to the best post on here today.
So far these 2 are in the lead:
#122032 #122041
HAHAHA Now you's are scaring me-
Between your video and XCL's bawny fwank.... What the heck is happening to the INIX board...
Funny stuff. we need the laughes these days..
:)
NO NO NO....
You are WRONG!!!!
Cause POST #122041 says so!!!
With 2-for-1 FS, you get two free shares for every one share you own. SOOOOOOOOOOOO you end up with three shares!!! SOOOOOOOOOOOOOOO the pps drops to 1/3. If it was 1-for-1 pps would drop to to half. Don’t tell me its that hard .PLEASE!!!!!!!!!!!
I'll play...
if that is indeed the case it is even worse. Means the A/S becomes 864 ma ma million... with 762+ ma ma million out.
Truely becomes a "Pinky"
Edit: explain why people are stating the PPS will be cut in half after...
Edit Edit: Investopedia explains Stock Split
For example, in a 2-for-1 split, each stockholder receives an additional share for each share he or she holds.
http://www.investopedia.com/terms/s/stocksplit.asp
Your score:
F-
HUH???????
1/3
HUH????????
2 for 1....... TWO for ONE..... For every 1 share you own , you will now have 2....
1/3?
HUH???????????
Im thinking one day the SEC should require a small competency test
prior to any individual being allowed to open an account for trading equities. Too bad Im more on the side of retaining the individuals freedoms vs requiring their knowledge of said freedoms.
You know, when you go-
fishing you throw the hook in the murky water,
IMO, iFinix will be more-
profitable in 2010 than 2009. Hard not to be considering they only made $134 profit in 09. LOL
One thing Im wondering is,
Why, when the Warrant terms were announced on the 13th of July 2009 it was for share holders of record as of the 8th of July 2009. Rewards? Stress/profit ratio since then? hmmmm... :)
Right now the old 400mil A/S sounds attractive.. Not like the reduction to 288m did anything to maintain the PPS back then.
It'll be interesting to see if a PR is released on the progression of Capital along with maybe a hint on FOREX revenues with a side dish of Trader news?
The Perfect Storm??? SURE!!!!!!!!!!!
:)
INIX RULES!!!!!!!!!!
(that ones for old spitchymcbiggulp)
POOF
The only thing that keeps me watching this company is (if the numbers are true) the amount of revenue that needs to be transferred from and to the "emerging" market sections of the "world".
Everything else this guy venutes with under 1world is a "dime a dozen" IMO IE: solar, led lighting., pizz strips etc....
I cant knock a guy too hard for trying to make money on the "migrant" market ...
Might as well play the mess that seem to be the future for America.
HUH??????????
If they decided to do a share buyback, you would complain that they are wasting money.
If they decided to do nothing, you would complain that the buyback PR was a sham.
If they decided to do a forward split, you would complain....
What's the deal?
Pink OTC Markets will automatically
be alerted to the posted documents and will:
•Verify that the company has posted the required Quarterly Reports within 45 days following each quarter end and Annual Reports within 90 days following each fiscal year end. Companies will be downgraded to Limited Information if reports are not posted in this timeframe.
•Confirm that an Attorney Letter is posted for the period end. Companies are given an additional 30 days beyond the disclosure statement due date to post the Attorney Letter.
Im not sure Ive seen a "stop" on companies that are late.
Monthly OTC Short Interest Report
Short Interest is the total number of shares of a security that have been sold short by customers and securities firms that have not been repurchased to settle short positions in the market. Short selling is the selling of a security that the seller does not own, or any sale that is completed by the delivery of a security borrowed by the seller. Short selling is a legitimate trading strategy. Short sellers assume the risk that they will be able to buy the stock at a more favorable price than the price at which they sold short.
monthly
Aug 13, 2010 0 -100.00 3,123,417 0.00 No No
Jul 30, 2010 1,603 100.00 1,826,895 1.00 No No
Jul 15, 2010 0 -100.00 1,988,343 0.00 No No
www.otcmarkets.com/stock/inix/short-sales
If anyone thinks that the "short" cannot be cleaned by the 10th..
I've got some ocean front property in NJ with the cleanest, softest & whitest sands of any beach in da world that only the bluest of ocean waves wash upon while dolphins and baby whales frolic in the surf below soft fluffy clouds for as far as you can see...
And if you'll buy that-
I'll throw Atlantic City.... in.... for free.
:)
well,
Fresh is different to some vs others...
All BS aside, Whats ya take on todays announcement?
Leave the conspiracy theories at the door..
Bottom line thoughts.
Where has all the fresh meat gone? eom
Thank you.
Heres my take:
The company needs shares for cash.(Main Goal)
Any move is dilutive. (price of doing business thru shares)
I dont think that the short positions cant nor wont cover prior,
All this short babble is just that. (I only wish I could have)
What this leads me to believe, Op costs arent being controlled or are rising just based on the growing business. 1,2 or both?
We knew there was no possibility for a buy back... No money being made. (cash flow positive)
Personally, Id rather the company came out with an update on "Capital" or just plain came out and increased the authorized shares to say an even 388m with a "this is just how it is right now". (Less dilutive)
The 10th we go to 576 million A-S
12 m Preferreds @ 60 to 1
(not sure if the preferreds fall under the F-S?)
I find it dilutive and I would have left the investors out of it being so close to "seeing green by 3-4th Q's"
Thats like buying your kid a toy because it's making a scene vs slappin da stupid out of it... But then we live in an age of pacification....
Are things worse than we know??? 3rd-4th Q's will tell.
If they raise the A/S higher than the 2 for 1 then all bets are off. No reason to go higher except for cash. Last count they had 30+/- million shares left for cash? They need higher than 60 +/-million to continue??
I was weary of this.
HAHAHAHAHAHAHA..... sorry..
Hey look at it this way, the company has ensured "enough cash from shares" to continue operations thru future restrictive dilution....
Ya got till the 9th to buy as much as you can if you believe the company will reach the heights that many do....
The QUESTIONS are coming... lets see the answersEOM
Woody,
Looking for your honest opinion on this action by the company before I post mine....
Just got back from the Hindenburg and "KA-POW"
minus the explosion....
Whats your and spootys take on this news?
The last CC people got on the CEO-
about Network One being kinda lame as the CEO explained they are working hand in hand to get high dollar investors on board but with the current low PPS thats hard to do..
Isnt NETW iFinixs' financial banker?
Well, ya havent touched 0011 yet so there may still be time?
This thing does have a certain past trading range..
$2400 in revenue with $2000 spent on travel and entertainment...
Revenue smevenue... we have 2 billion more shares to spend...
I like that...
Cmon......
Come clean. You threw this out as a joke yesterday right..
Tell me you PM'd all your board members and told them not to buy.
I mean, 3 + "ba ba billion" shares after the return while the company spent almost as much in travel and entertainment as they made in the first 6 mos. of this year... (2 grand)
It had to be a joke.....
This thing makes iFinix look like BRK.A
WOW.. Ya gotta watch those Jersey companies.
On a serious note,
What are your thoughts on the company using funds to take some shares off the market vs using funds to further the long term goals in place now?
Maybe next time,
She is right about me getting in the way of "progress".
No matter my antiquated ideas on how it should be achieved...
(ya gotta take pics of the foil suit though..)
WORD!
Your surly-
.
postings aren't helping anyone - even yourself. But I'm willing to absorb the punches.
Cmonnn...
that wasnt worth half a warm Coors light nevermind a bon fire.
You go play, the story isnt finished anyway.
:)
Im in a playing mood,
Smells like story time.............. Ahhhhhhhhhhh
Could you tell me the "Story of Inix", please..
I hear it is rather interesting. Better than most pinks I hear (pink stories that is).
Cmon, Ill get some friends, make a bon fire, couple cases of guinness and we'll all sit in a circle listening. You get the flash light while telling the story but dont too crazy on the scary parts. Im getting older and cant see as I used to while running in the dark.....
:) hahahah...
Not too sure that
there are many retail investors able to short INIX if any.
As well it wouldnt make much sense to short a position one holds long shares in. I will hedge big board stocks with PUT options as that is a minimal price solution for a control of loss. It will not contain 100% of a loss unless you really work it by getting out of the position and ride/increase the option but sure helps.
Unfortunately, no "options" in da pinks...
Steven prices' numbers would have been better eom
Oh Nooooo No No No.......
Smile, you is on Candid paper trail.....
No skimping on estimates now!
The rustler said:
Next week's PPS should hit .008 - .011. If it does not; something's wrong. #121227
Then said: (as a reply to its post above.)
And it will be so. #121233
Gonna hold these comments to be "Gospel"....
Funny stuff
:)
Id be willing to guess:
With all the traveling this clown does his "records" arent in the most orderly of forms. Then if it is from 09 who knows what numbers may need "tweeking" before the release....
Id like to see an audited version of his nightlife.
Could be interesting or very scarey....
Things that make ya go hmmmmm.
Isnt that the one with-
News on a $2.00 buy offer?
Ive watched it since the first day... what ever made it move.. not too shabby.
I wouldnt mind some bs news on a 50 cent per share offer for inix
Wouldnt believe it but Im at the point where Id let people buy into it.
I think right now investors expect/demand the Capital division of INIX to get some news out. Atleast an update.
Mid July in the CC the CEO stated capital should be working in about a week or two.
On July 9th the company released:
"iFinix will launch the Capital [Equities] Division in two phases. Phase I will target the retail market and is expected to be up and running within three weeks. Phase II will target the online trader and is expected to be available within 30-60 days. Once available, iFinix Capital will provide the company with its third revenue stream. This will have an immediate and positive impact on overall corporate revenues.
One day maybe they will be able to keep a self imposed schedule?
Other than that, keep slappin dat ask, Rustlers firm PPS of .008 to .011 by EOW depends on you......
Funny stuff...
:)