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Olandug, thank you for your good work!
Michael, you are spot on. I have watched this company for the last several years, and I knew this day would come. I think you can hold this stock for a while and make a lot of money. The people who have held have done great! This stock is far to difficult to trade with any size. I plan on holding this stock for the next 12-36 months. GLTA
I expect this to continue tomorrow as well.
Ezzy, it looks like the fresh buying is back. After a little lull I saw 2 trades for 1.4M shares @.0028, back to back.
The company buyback was an older PR. It is roughly 2 yrs old. When I find it I will post it. There is no doubt in my mind that the company has and will be buying back stock, based on my conversations from 2 of the 3 directors of the company. There will probably be a footnote in Q3 #s when they release in October.
I do not have a link, but it satisfies the SEC. Once they announce a share buyback they can buy back shares when and if they please.
Springroll, the company announced approximately 2 years ago their intention to buy back stock.
Wallymac, look @ about 2:50PM. It might have been 2 or 3 trades, but it happened pretty fast.
That would be great! Something is definitely going on today.
Good man Ezzy! Maybe Goofball is in there averaging down as well!
I saw it come across. Someone definitely accumulating!
Great observation Ezzy! I was thinking the exact same thing. It makes a lot of sense for the company to be in there buying when the volume is low. I would expect this pattern to continue for several more days.
Goofball, the way this stock trades in a tight range it is virtually impossible to trade in and out of. If you plan on holding for 6-12 months you should be fine. I don't know what your cash position is, but if it were me I would add as much stock as I could comfortably afford at these levels. If you were to double or triple your current position of 3M shares, your cost basis would be in the .0030 range. This stock could easily go to .005 on any steady buying or PR. With a board meeting a wk or so away, we should see some excitement in the stock. Keep posting, and GLTA
Thanks Michael! I didn't think many pinks made $
Ezzy, did you ever get an answer to your question last wk regarding the # of profitable pink sheet companies?
Erik, Q3 earnings should be out mid October.
Ezzy, Be right and be patient has been around for awhile. I heard Paul say that to me as well. LOL!
Excellent post Springroll. Thank you for your good work!
Ezzy the 2 most important things in investing:
1. Be right
2. Be patient
Just stay cool! There are people on this board who will take any info and beat people over the head with it if the info doesn't roll out immediately. Paul Currie mentioned to me several months ago that they would probably roll out a benefits package later in the year.He also mentioned that he felt the stock would be trading .02 by Christmas, and .05 by Christmas 2010. He has mentioned to me several times that he tells shareholders this: "unless you need the money right now, don't sell the stock". No one knows what will happen on a big PR, but if you owned it before Monday June 22nd you got to witness a 700% gain in one day! With this stock you would rather be early than late! Go IFSL!
Board Mtg Aug 28th Las Vegas
Goofball I think you should be a little less specific when you get some info from Paul Currie in the future, I just got off the phone with him and he was less than happy with your post. Wise up!
Ezzy, that is a great question. I have spoken with the co a month ago about them doing deals with large corps. From what I understand employees are 80% less efficient when they have debt issues. IFSL would apparently help corporations get their employees debt, and bill payment under control. Potentially every employer needs this. I feel 12-18 months this stock will be trading @ a dime. However, until we get some PR on these types of agreements, it is my opinion, and pure speculation.
Ezzy, I also have a few friends who will be buying this week. It's amazing to me that people would try to get cute trying to trade this stock for peanuts. You get in this stock now and you'll wake up one morning and this stock will be a penny. I own 95%+ of this stock @ 0001, and I'm holding for a dime within 18 months.
Birdie, based on my conversations with Mr. Sunyich, and Mr. Currie In my opinion they will be buying back more stock next wk. I remember both of them saying that the co would be buying back stock in between PR's on low volume days. The fact that stock trades pretty thin, the buying should be easy to see. GLTA
Birdie, I spoke with Mr. Currie this morning. He said that so far this qtr sales are "robust", and that any PR regarding a share buyback by the company would probably take place after the Aug 28th board mtg. I asked him about the PR timing, and he said that was the info given to him by the CEO, and that until further notice that was the plan. 1-2 PR per wk.
Skivail, I suggest as part of your DD that you speak with IR. Ask whatevever questions or concerns that you may have. Think about the fact that this company helps people get out of debt. When in your lifetime have you seen more people unemployed and over-leveraged. It is no accident that this company is making money, and probably will continue to make money as long as people have too much debt. Which is probably our lifetime. GL
Ezyy, I spoke with Steve Sunyich this evening and he said that you had left him a msg regarding posting on Ihub. He mentioned to me that everyone on this msg board should take the 15 day free trial and learn about IFSL 1st hand. You go to www.myifs.com, on the bottom left click on Free Trial Offer. I think that if more people understand how this company's business model works the better, which should clear up some of the confusion on this msg board.
Springroll of course Paul Currie is a salesman. He used to be a retail broker @Bear Stearns. But he is also a director, and one of the largest shareholders of IFSL. I have spoken with him on several occasions and he has always been candid and straight forward with me. To have access to a man of his insight into the company is both rare and refreshing.
Chrizzy you are absolutely correct. When the company started making money they started putting pieces in place to handle the growth. The next several quarters should be exciting!
Ezzy8 I took your advice and called IR. I spoke with Paul Currie and he told me that the plan going fwd is to expect a PR at least once a wk, and sometimes twice a wk. He said the reason that they didn't release a PR last wk was because they thought they would be releasing earnings. Thanks Again!
My guess is that for the last several years some employees worked for free or a greatly reduced salary.
Q Your question is very reasonable. The stock will probably trade between 0040-0080 tomorrow. Then we can assume a healthy round of profit-taking. But with a company making $ and buying back stock, the price is sure to climb. Just ask puckhead, who has been bashing this stock since he sold it @0015 last Friday. One thing is for sure, IFSL is a real company and delivered great earnings in a pretty reasonable timeframe, Go IFSL!!!
Yes I believe that was one of the reasons that they posted on pinksheets was to get the stop sign off.
I was told that the CEO was waiting on the security device, and that once he received it that earnings would be uploaded on Pinksheets after the close, as well as posted on their corporate site. Most likely to be followed the following morning by a press release giving a financial summary. The key is when the CEO gets the device. That's the trigger!
You are welcome! I called IR this morning and got the info from Paul Currie. GL
212 896-4420
I thought you would go away when you sold @0015 last Friday. About 50% ago.
That's an awesome return Tree Farmer. I've been in this stock a long time. I remember buying it last Summer @0001, which was really scary because their was ZERO bid. I think this stock runs to at least half a penny next week, and to 2 cents by New Years. GL
Dan, I wonder if puckhead is gonna buy back in @002, since he sold out this morning @0015. LOL