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anyone know whats up w/ the after hour trades??
locked n' loaded - ready to fire...
Hopefully we'll get something this week, concerning our recent deal to build awareness....
awesome, thanks.
Sticky msg #249, please!
Thanks!! Go IFIX!!
Could a mod stickie the GoDirect Program details, please?
Thanks!!
News, News, NEWS!!
Internal Fixation Systems (OTCQB:IFIX) today announced that it has launched its GoDirect sales program with facilities in Florida and Indiana. According to Stephen Dresnick, MD, President and CEO, "the Company expects its GoDirect program to address the growing trend of facilities no longer requiring a rep in the OR during surgery." Under the GoDirect program, the facility maintains the surgical trays and gains the benefit of lower implant costs. Orders are faxed or emailed directly to the IFS office and replenishment inventory is sent out the same day. Facilities can also order additional stock to be stored at the facility to reduce the need to order after each case.
"Any facility that has high volume will benefit significantly with this program," said Dr. Dresnick. "These initial two facilities are anticipated to add between $5-10,000 of monthly revenue for each set in the program. Our margins on this business will be 5-10% higher than on business where a rep is involved. Adding business like this will help us continue the growth rate we experienced last quarter 20%."
News, News, NEWS!!
Internal Fixation Systems (OTCQB:IFIX) today announced that it has launched its GoDirect sales program with facilities in Florida and Indiana. According to Stephen Dresnick, MD, President and CEO, "the Company expects its GoDirect program to address the growing trend of facilities no longer requiring a rep in the OR during surgery." Under the GoDirect program, the facility maintains the surgical trays and gains the benefit of lower implant costs. Orders are faxed or emailed directly to the IFS office and replenishment inventory is sent out the same day. Facilities can also order additional stock to be stored at the facility to reduce the need to order after each case.
"Any facility that has high volume will benefit significantly with this program," said Dr. Dresnick. "These initial two facilities are anticipated to add between $5-10,000 of monthly revenue for each set in the program. Our margins on this business will be 5-10% higher than on business where a rep is involved. Adding business like this will help us continue the growth rate we experienced last quarter 20%."
Take it to DA MOOOONNNNNN!!!!!!!!!!!
News!
Internal Fixation Systems' (OTCQB:IFIX) President and CEO, Stephen J. Dresnick, MD today clarified the $7.5 Million financing through Hyde Park Advisors, LLC ("Hyde Park"), an affiliate of Central Park Financial, a N.Y.-based institutional investor.
According to Stephen Dresnick, MD, IFS' President and CEO, "the Company will be able to draw on the facility as needed. We will use the initial draw to build additional surgery sets of existing products. This will be the quickest way to grow our revenue. If each set is used 10-12 times each month, our revenues will quickly grow. Our small fragment bone sets costs $4-5,000 to build and should produce revenue of $700-800 per surgery. We would like to deploy an additional 100 sets by the end of this calendar year of both our mini-cannulated screw sets as well as our small fragment fracture plating system. "We have other sets in development and subsequent draws will enable us to put those products into the field. Costs and revenues per set are similar to our small fragment system."
Nice 140k buy...
Next week should be very interesting, imo - it looks like they took about a week or so to start the AN*I promo ........ with the announcement this past Monday, maybe we'll see the effect sooner than we anticipate..............
Wonder when they'll start the awareness campaign...
looks like somebody was trying to walk the price down.. imo
NEWS!!
Internal Fixation Systems, Inc. (OTCBB:IFIX), a designer and marketer of Orthopedic, Spinal and Podiatric Implants, announced today it has entered into an agreement with Kinsley Street Investor Group of Princeton, New Jersey to launch an Investor Awareness Campaign beginning June 4, 2012 to last throughout the remainder of 2012. According to Steven Weiss of Kinsley Street Investor Group, "Our strategies and programs are designed to increase market awareness of IFS among individual investors, institutions and analysts."
Stephen Dresnick MD, Chairman, CEO and President of International Fixation Systems, Inc. stated, "We are very excited to work with Kinsley Street Investor Group to increase market awareness of our company. We feel that increasing market awareness along with our recently announced $7.5 Million Equity Purchase Agreement with Hyde Park Advisers will help the company implement our growth strategy and create value to our shareholders. We anticipate the company becoming profitable in late 2012."
any recent conversations worth noting?
Nice! Looking forward to the flexibility this is going to provide...
also, looks like a nice 60k trade hit the tape, right at the close!
this just shows the undervalue ..
http://www.faqs.org/sec-filings/101019/Internal-Fixation-Systems-Inc_S-1/fs12010ex10ii_internalfix.htm
"The Company shall also grant to the Employee, effective as of the date of this Agreement, stock options (the "Options") to purchase up to One Hundred Fifty Thousand (150,000) shares of the Company's common stock at an exercise price of Twenty Cents (20 cents) per share."
20cents is the "hook up price" !!
imo
wish I had more dry powder - these levels wont be here too long lol
People don't realize this was over $3 less than a yr ago!!
got more cheapiesssss.
I'm not selling a single share until we hit half a dollar ...
New 8-K out ..
On May 29, 2012, the Company entered into a financing agreement with AtCorp, Inc., for a credit line of up to $1,500,000. The financing is in the form of a 6% Senior Secured Promissory Note and has a one year term. The line of credit is not convertible therefore has no dilution effect. The line of credit is subject to the Intercreditor Agreement with the Company’s first lien holder, Agile Opportunity Fund, LLC. The funding will be utilized for marketing, inventory and other working capital needs.
and just that fast - GONE...
12's GONE
13's .............................
11's up!!!
SEVERELY undervalued imo ... I'm just glad its been trading at these levels, I was able to pick up some nice cheapies!!
thats 272x current share price... not a bad return imo..
looking good so far...
Hyde Park Advisors has dealt with some name brands too, check it out!
http://www.hydeparkcapital.com/transactioncompany-list.aspx?type=2&catId=100&display=all
just to name a few:
Rite Aid Corporation Debenture Offering for $1.0 billion
Cell Therapeutics, Inc. Equity Offering for $30.0 million
Outback Steakhouse, Inc. Equity Offering for $70.9 million
21st Century Holding Company Financial Advisory for Unsolicited Offer
Home Shopping Network, Inc. Spin-off of Precision Systems, Inc. Subsidiary
WOW!
Gappppppper in the AM! imo!
Nice bounce off a bottom!! I'm in ...
Whats the concensus from here, 5-10 bagger?? whats everyone's thoughts?
Nice bounce off a bottom!! I'm in ...
Whats the concensus from here, 5-10 bagger?? whats everyone's thoughts?
News out...
IFS (OTC:IFIX) announced today the filing with the Securities and Exchange Commission of its Form 10Q for the period ending March 31, 2012.
"This has been an active quarter for IFS," say CEO Stephen Dresnick. "We have initiated a restructuring of the Company to bring internal expenses more in line with our revenue. We added our External Fixator and a large cannulated screw set towards the end of the first quarter.
The financial highlights for the three months ended March 31, 2012 include:
• An increase in revenues of approximately 136% as compared with the three months ended March 31, 2011
• An increase in gross profit of over 146%% as compared with the same period 2011
For more information and to view the complete financial statements, please visit our website at www.ifsusa.net and look for the SEC Filings tab in our Investor Relations section.
If you have questions that you would like to have answered, please email them in advance to Sdresnick@ifsusa.net. Please give your name, organization, whether you are a shareholder or not, and your question. We will attempt to answer as many questions as possible.
good things to come imo..
Numbers out!
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=8631991
I like this, particularly:
As of May 18, 2012 there were 6,850,376 shares of the Company's Common Stock, par value $0.05 per share, issued and outstanding.
The Convertible Debentures are convertible into shares of our common stock at a per share conversion price equal to 85% of the volume weighted average daily price for the Common Stock, as reported by Bloomberg L.P., for the ten (10) trading days prior to conversion not to be converted for less than $1.00 per share to $2.00 per share depending on the debenture.
Thanks for the note- lets do this!
Awesome!!
Anybody doing some ask slapping today?? I think I'm at my limit -
I've avg'd down as much as I think I want to at this point!!
This is rediculous... anybody have any positive info to put out there??