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No worse than all of the insiders (better). Loved this at 40 cents 15 months ago, and have already had a few periods of spikes. Was able to load up lately, so average is 6 bucks, which is 24 cents. The price now is 15 cents. I'm in position to do very well here. It was 9 and 10 bucks last month, and will go far higher than that when it is finally ready.
Trust me, when IFON spikes, it gets wild. There have been a number of wild days the past 15 months. The shares tend to leak and float lower for months, then all Hell can break loose.
IFON is the best value in the whole market. 3.75 equals 15 cents. Will go to split adjusted one dollar this year, which is 25 dollars from under 4 dollars now. Remember this post.
You are yet another who is clueless about stock prices. This is an investment, so the goal is to buy low. You must love to buy after stocks already go up. Sucka.
The price could triple in just two or three days.
The stock traded at over 9 dollars last month, which is still under 40 cents split adjusted. They had investors during the merger who put up decent money at 40 to 50 cents, and those putting up the money have more info than we do. They certainly priced it so that they believed their investment would be worth multiples in a reasonably short time.
You cannot find a better buy out there. Low prices like this are a gift. Take a look at SDRL and see the price action of the last year. They dumbed down the assets to push through a reorganization. How could it trade at 20 cents one month ago and triple that today? The mispricing got out of whack to even the dumbed down Plan of Reorganization numbers. Now with a hint of turning around it will probably go over one dollar soon. I like IFON to make a similar move by next week.
You are like most who let the stock price dictate your analysis. If you want any more advice or explanation from me you will have to pay me 1K. I don't do message board chatter any more, but thought I would document the 5 to 10 bagger that is about to happen here.
PM me if you want to arrange to make the payment. This is my last post.
IFON can quadruple in one week. It is selling at a split adjusted 15 cents. The stock traded at over 4 dollars in 2014, and historically traded at a few dollars for a number of years. The price is at an all-time low, including the financial crisis.
Down 97 percent from 2014, which means that IFON CEO (until recently), has seen his family's shares value go from over 20 million to just hundreds of thousands of dollars. And yet he was willing to give up a guaranteed salary of over 300K per year in order to put this merger together.
When IFON is ready, it will go on one of the most violent moves up that you have ever seen in your life. It can go to 20, 30, and 40 dollars this year. 20 dollars is just 80 cents split adjusted, and it has made multiple runs to that price in the last 15 months.
I see a violent move up occuring within a few days, and this board will then light up like a Christmas tree, as the gains that the patient longs who have loaded up see will leave others breathless, and there will be a fear of missing out that will propel the price upwards in a hurry.
Expecting over 10 dollars by the end up next week, and easy 20 dollars plus by mid summer. Sleeping giant about to wake a lot of people up here.
Wow, almost everything you said contains errors, and a lack of understanding of what is going on here.
The price is right around 30 cents if there never was reverse split. That is essentially the lowest point in a decade. They now have a strong partnershp with one of the most profitable companies in world history.
During the last year, share price has spiked to 60 cents, and even 80 cents, with a brief one day high of 1.04.
15 dollars equal about 60 cents. IFON will be at 20 to 30 dollars in no time. All of the suckers have been cleared out. Strong hands now have All of the shares. Price can, and will, double and triple up from here at any time. When it I ready to move it will move fast, and this current price of 30 cents pre split will be a distant memory.
Being a lemming is not cool. You must think for yourself. Shares will trade over $5 before 2018 hits.
Added within a penny of nine year lows last week.
10/05/17 2:27 PM EDT Buy 6300 IFON Executed @ $0.2999 Details | Edit
10/05/17 2:27 PM EDT Buy 3594 IFON Executed @ $0.2999 Details | Edit
10/05/17 2:27 PM EDT Buy 1790 IFON Executed @ $0.2999 Details | Edit
10/05/17 2:27 PM EDT Buy 358 IFON Executed @ $0.2999 Details | Edit
10/05/17 2:27 PM EDT Buy 300 IFON Executed @ $0.297 Details | Edit
10/05/17 2:27 PM EDT Buy 358 IFON Executed @ $0.2999 Details | Edit
10/05/17 2:27 PM EDT Buy 300 IFON Executed @ $0.295 Details | Edit
Longs will lose it all shortly. Just trying to help. I figured it out last night, but did not get the callback until today. Sleepless night and somehow got out a small winner with some of my buys yesterday.
When this baby turns, you will be in panic mode, so don't say I didn't warn you. I wanted to believe, but I knew yesterday that I would have a sleepless night, and thank God I got out this morning with the nice early 20 percent green day. I would have been happy with a lot less.
May God have mercy on your FINANCIAL SOULS. I'm telling you right now that if you do not sell now above 3 cents, you will toss and turn all weekend and likely not even get two cents Monday morning. You have zero chance of long term success, and almost zero chance of this ever hitting 4 cents again, so get the heck out of dodge now before you get destroyed. If there was any chance at all, buying would be strong. This will tank today or Monday, and that is GUARANTEED. They may even halt it due to fraud. The PR from yesterday was fraud, and you might get a penny if they yank this.
Wake the hell up!
Interesting that most of the tens of millions of shares traded at over 4 cents, while not a lot of volume took it back down.
Someone owns each share, and there doesn't seem to be any panic selling at all, which would be the case if this was a scam.
Still tons of uncertainty here, and longs will either make a ton, or get hit with a nasty surprise. If there is more clarity, shares will go over 10 cents within half an hour, even if the true value is much less. If this is a scam, shares will go below one penny.
I cannot imagine shareholders being mentioned in the PR if there is a total wipe out, but there is a small chance the PR trapped some people.
80 percent chance of much higher prices, and 20 percent chance of nasty surprise, I'd say.
Correct, but this is still uncertain. It sure looks like shareholders are good here, even for a small percentage. If it turns out that shareholders get wiped clean, that press release was a crime.
You have to believe that since that PR was released three weeks after emergence, that the shares are good and the fact that mentioning shareholder support was in the PR can only mean that good things for SOUPQ.
I cannot imagine that this press release would mention shareholders like that unless shareholders retained something. If anything, these press releases usually go out of their way to say "stakeholders" when shareholders are getting the axe.
Anything is possible here. We will find out pretty soon. I jumped in today for the first time ever. If the PR is not a scam, or a huge mistake, then shares will trade way higher no matter what percentage the shareholders retained. Lots of possibilities here.
There have only been 5 million shares traded since .048. Tens of millions traded at over 4 cents, and those weren't nickel and dime buys.
If the next push is back towards 4 cents and above that is a great sign. If it closes at 3 or below that is a bad sign.
That is the key point of this whole thing. If shares were being canceled, they would have had to announce it, and there is almost zero chance that shareholder support would be mentioned today. If it turns out that shares are canceled, then lawsuits would fly.
You have to believe that shareholders get something, and if that is the case, the price will go higher, and even higher than the real value.
Once it is officially determined that shares will still trade, the price will fly. It seems to be almost official now, as that Press Release is pretty clear. So, if you can stand a bit of uncertainty, you can make multiples from here. If you wait until there is no ambiguity at all, you will pay through the nose.
On the flip side, there is a greater than zero chance that shareholders get nothing, and that the Press Release contained misleading info.....but the odds of that happening are pretty low, considering that they waited a whole three weeks to release it.
This will be quite interesting. Shares could go over 10 cents tomorrow if more clarity is received by the general public. If strong buying pushes this back to 4 or more today, then that is a good sign. There were million dollar bids in the 4 cent range, and it was only 3 million shares that took it down a whole penny. Whomever was loading up, was going strong.
There was one a few years ago, CRMBQ that went way past true value....from under a penny to about 80 cents in a few days once the news started hitting. It traded for years in the 10 cent range after that. ANd the one last year SARAQ. If shareholders get anything at all here, and it looks like that is the case, then you will also see news announcements with positive developments about the future of SOUPQ. That will push the shares higher than whatever their true worth is coming out of BK. The key is that shareholders officially retain something, and that the public finds out about it.
Lol. You are a genius. If what you said had an ounce of truth you would be independently wealthy from shorting stocks that have reverse splits. Get lost, loser.
No more warrants. Will have 82 million shares (roughly) going forward. Shouldn't be too hard to get over 100 million market cap in no time, as you will have a company that is growing fast, and you know they are holding back on the good announcements, like when they got this down to under 50 cents to announce the deal.
You will have a company with hundreds of employees, in multiple countries, and APPLE is on of the best retailers in the world. Not to mention that, but since retail is getting hit so hard, there is less competition, and the rents are less, especially in the United States.
The company will not have any debt, and it looks like there will be a little over 10 million net cash, maybe a bit more. Most of the suckers have been cleared out, so you are basically looking at the lows, and if those who own the shares decide to hold on for half a year or more, you will have a company with 82 million shares, where only two million or so are freely traded. Throw in that reverse split, which actually will help if they do it, and you could see a company with just over 8 million shares, where there are only a few hundred thousand shares floating around that are not owned by the insiders that put together this merger. You will see the shares go from 4 to 10 dollars in no time in that case, with any hint of positive developments.
Nice to see how quiet it is here. Most of you will miss out, as usual.
Prepare for 80 cents and higher this week or next. They still have to get to $1 plus by the end of October (for ten days in a row), so they will either announce good news about the merger concluding (plus positive comments or product launches, or further Apple initiatives, or they will reverse split, which might actually help attract new buyers at the higher price).
If you check Cooltech Holding and their SEC filing on April 27, you will notice that it coincides with IFON's filing that same day, when IFON had a sneaky update about change of control, and not having the annual meeting.
It is not a stretch that Cooltech insiders, and those associated with this upcoming merger used that day to try to load up on some shares. The shares started the day at just under 50 cents, and went to 1.04 that day, but traded a ton of shares in the 80's. This would suggest that Cooltech and Infosonics insiders all know that these shares are worth way more than 50 cents, but were dumbing things down to get this merger done, as they waited a number of months to let the shares leak again before doing the deal.
If you check the Cooltech site, they have a strategic advisor named Michael Serruya. http://www.cooltech.co/site/. His family knows how to make money by selling companies. I have a feeling that he was given some of the shares (or all of the shares and warrants) that are a part of this deal. He and his family know how to extract money in these types of settings, and don't discount the possibility that APPLE may buy the whole thing in a few years. APPLE is looking to branch out further into Latin America, and there are numerous twists that can, and will likely happen, in the near future.
I suggest you hold on to your hats (and shares), as it is time that we finally see that second spike above $1. It has tried five or six times since January to blow past that level, but each time it has gone for 40-50 to 70-$1, it has leaked back down.
Shares are churning at near 40 cents and by this time next week we will be at double that, if not more. If the wind blows just a little bit, shares will double within a day. Be prepared to make some money if you have shares. Time to roll.
I have rarely been more confident than I am now. It is almost certain that by the end of next week we will have a huge move up. This time, I believe that we finally get two legs up. Been holding for nine months and have witnessed five or six attempts at big moves. They have all been form 40 to 50 cents to 70 to $1. But tons of shares have gone off between 70 and 80 cents at that time.
Got a feeling we are blasting off this week or next. It is almost certain that a huge move up is imminent, and then you can decide if you want to unload, or hold on for multiple legs up.
Someone has 88,000 available at .028....all or none. This is interesting here. Not sure what will happen, but there are 88,000 available at .028. Weird...now they are gone, but nobody took them.
Knocking it out of the park.
It doesn't matter now. I have a feeling that someone has been accumulating for the last six months. Once it goes, it won't matter that silly games were played in the 40 and 50 cents range. It is ready to rock and roll and I have a feeling that one day this week or next a big move will come, and the boards will be filled with excited chatter for quite a while, as we ride the wave over one dollar, and quite possibly multiple dollars if we get some good news. It will happen, so get ready to enjoy it.
One day we will blow the door open. It has been over half a year, and this is about the 5th or 6th attempt to knock the door down and advance to a new higher price level for good. I have more shares r
than ever, and I have a good feeling about the next two weeks.
This could be the start of something good. Today's action has to mean something. Expecting the dawn to break permanently as we March higher. Lots of false starts the last half a year, but I believe things are about to get exciting for us Longs. Just a hint of something good with earnings or new products and this thing will rocket higher.It has shown it can move with no news at all, as well.
It sounds like you sold and you are begging for it to stay low. The bottom line is that unless they race through 10 million in net working capital, which they almost certainly won't, the worst case scenario here is a zombie company for many years, and it will always be capble of trading for a market cap of 10 million no matter what they are doing.
Downside is limited, and lots of things can go right. There is little chance of ever seeing a period of time where significant shares trade hands at 35 cents or lower. I guess if they announce terrible news you could always see a day or two in the 30's, but if they don't announce shockingly bad news soon you will never see 30's again.
I'm taking the rest of the year off. Hopefully when I check IFON's price again I get a pleasant surprise. I may miss a few spikes, but if they truly turn the corner, the price will be over one dollar by the time I check back in. Hopefully I have the discipline to not check for a while.
Your mistake is that you buy when you feel that good things are happening. The name of the game is to buy low and sell high, so you have to buy low to play the game right, and that means you have to buy when BAD things are happening, or at least confusion and fear.
What I like about IFON is that they have/had the delisting issue which caused confusion. They are not showing profits, which is great, because it only takes a little to show a profit, and that small swing will do wonders for the price, and also that their revenues are lower year over year (since this was due to exiting the United States, this is a good thing, as it scares people away).
This is a perfect stock for me, and over the last week I made a move and bought more, and I now own one percent of the company. I went from 90-110K shares that I had since the first of the year, to just over 140,000. Average is about 46 or 47 cents, and I am ready for some good news. Win or lose over the next half a year or so, I have put myself in position to make a score if things go right, and probably not lose any at all if they continue to plod along.
If they don't make it happen I am prepared to wait two years to get out, but will always have a good chance of a spike to higher than the current price no matter what. If they do well, I will make multiples on my money, maybe even this year. If they really do well I can make a nice slingshot move with this investment.
No guarantees. We will see what the next few months brings. I am probably holding out for $2 or more no matter what, even if it takes a few years. That is a good return, and history says that IFON will be at $2 or more between now and the next 24 months.
No more posts. I am loaded up and will wait between one week and two years to see what happens. Bye.
It won't matter until the next move. Why don't you load up at 40-50 and then wait for the spike? I know it is painful, but the only reason they are manipulating it is because it is lightly traded, and the lower they get their shares the easier it is to unload later.
Nothing matters until the big reset happens. The reset should be between 80 cents and $2 when the smoke clears, so quit sweating the daily moves. Even with no news, you know that one day the market makers will take it up again to 70 plus for over a million shares.
With good news, or even decent news, you will get your chance to sell all for over one dollar. It will likely happen within 90 days, so hold tight.
13 of the last 15 days have traded over 100,000 shares. You have to go back 27 months to find another 15 day time period where there were 100,000 shares traded 13 out of 15 days.
During the above period, the bid keeps sneaking up. We'll see if this is part of a monster move or not. I am still calling 80 cents by the end of next week. If anything positive is announced I am calling for 1.30, though we could make a run at $2 with good news.
Don't get your hopes up. Nobody can predict short term price moves (but we can try).
The bid is sneaking up right in front of your eyes, and yet nobody is complaining about it. You complain when you are given a gift of 40 cents. You call it manipulation. Now that the market makers, or others are accumulating higher you don't complain.
I predict that when this doubles or triples soon that many will be complaining about not loading up at the lows. There is a real chance that this sneaky bid that is moving up, is going to lead to a monster move higher. It could be imminent. Ready to roll here.
Wow....no sooner do I make this post, I see 31,500 on the bid at .529.
Less than one percent of all publicly traded companies over the last decade had paid their bills without taking on debt. Whatever IFON has, they have the ability to stay in business and never take a big loss, while not taking on debt, and keeping net working capital above share price at almost all times.
So, if you strip the cash tomorrow and close up shop, IFON shareholders probably get more than 50 cents. Whatever else that they have, and however you want to value their brand, it gets thrown in for free. And not only that, but the share price has a history of making huge moves some near this price. The company is essentially the same company it has always been. If they wanted more sales they could simply sell again in the United States, as the shares traded at over $4 when they did that, and they actually were pretty much the same company back then, with net working capital not even double the current amount, yet the price was almost ten times higher.
The only way to be able to buy a company for under net cash is to have things not look great to everybody. That is how you get the low entry price. We have a free shot to get some good news. If that happens, all longs will likely make multiples on their investment from this price of just under 50 cents. If it doesn't, longs can just wait it out until the next crazy spike for no reason, and sell then if the want. The price has spiked for no reason four or five times already this year, and those spikes were 40 to 100 percent, and they happened without notice, and the rise was almost immediate.
The shares will explode higher at some point, and we don't even need good news. It has proven it can move on absolutely no news, so longs have multiple ways to win here. There still has never been a huge selloff at this current level. The selloffs all come after huge spikes. It may trickle down at times, but 40-50 cents is a nice zone to acquire shares in, as there is limited downside, and a good chance at much higher prices at some point.
$1.50 can happen here soon. If they new product launch is still on, and it looks promising, and if the next reported quarter continues to show a streamlined operation, and maybe a small net profit, then one dollar and more is pretty much a given.
The momo stocks are in the process of unwinding, and this period of time will be known for the SnapChat scam IPO, and the bitcoin and crypto currency mania, both of which are unwinding now.
There is, and will continue to be, a sneaky move into some value stocks like IFON and others. We are right on the verge of something big here, price wise. They just need to get this right on the next set of announcements. As long as they don't lay a huge deflating egg, then IFON will rise substantially in short order. But not matter what, unless they decided to set their cash on fire, the value is there at this price, even with no major turning of the corner.
Today's low was the highest since May 11th. There was one day right around that number, but today was actually a breakthrough day, and by tomorrow or the next day I suggest that you will never be able to get shares under 50 cents ever again.
Bid is sneaking up and bid/ask spread is tightening. Nobody can predict short term price moves, but I am going to predict a close of above 80 cents by next Friday July 7th. We are ready to roll here.
I see a legit chance of the major move we have been waiting for happening, as well. If the new product launch is still on, and it gets announced within the next ten days, I think we see between $1 and $1.50. It just feels like it is finally ready to knock the doors down and reach a cruising speed level of at least 80 cents, and probably much more.
Any buying pressure at all from today on will mean much higher prices. You can see from the bid sneaking up that they are about to turn this loose again.
I used to appear during the dog days, but it gets old. The same story has been playing out here since the late December 2016 lows. Bleed, then manic spike, then bleed again. Then spike, and on and on.
It isn't bothering me because I know that one day it will keep going. Of course, I am not feeling the pain of others because I started buying late 30's and average is mid 40's...probably 46 or 47 cents.
I feel that I am covered no matter what. I could be wrong, but the odds are high that at some point in the near future I will have the option to sell all and make at least a 100 percent profit. If I get lucky, I might make many multiples.
My analysis is that the odds of a permanent loss of capital at this price are close to zero. And since I have followed this stock for almost a decade, reasonably closely, as well, I know that the time to own it is right now. There will come a time when all Hell will break loose to the upside, and the sooner the better, but I will wait it out until it happens. For starters, it would be nice to find a range that is closer to one dollar than 50 cents, but beggars can't be choosers.
I know that if you can handle the "watching paint dry" days like many of the low to mid 40 cent range days are, then you will usually be rewarded with a nice spike at some point. They haven't turned into something bigger yet, but those are real trades at those higher prices, so something big is likely on the horizon.
So far, so good, for you, but one of these days the spike will be backed by news, or it will just keep going without news. This is the fourth wacky volume day out of nowhere since January (all higher prices), and at some point there is going to be a new price. The odds of that next reset price being lower than now are low.
Some people are going to be on the outside looking in if/when all Hell breaks loose here. It has shown that with any real buying pressure at all, things can get out of hand to the upside pretty quick.
We'll see what happens, but my prediction is that between now and the end of the summer, a multi-leg run that establishes a "cruising speed" price of at least 80 cents (as opposed to the current cruising speed of 40-50 cents, give or take), will happen. And once you settle in at that next level up, the wind doesn't need to blow hardly at all to blast past one dollar for good. But a super blast over $1, followed by never going below $1 again is possible at any time, and it usually happens when you least expect it, so maybe this week. Maybe not. But an extreme reset to a much higher price level seems to be in the cards. It is percolating and one day it won't look back, and there will be no more retreats.
We'll know more in the next ninety days, and probably sooner.
If you buy low you are usually in good shape. There are no guarantees, but the reason that I feel so confident, is that as a general rule, if you get the lowest price available when you buy (lowest price over the last seven years), and no material negative events happen after that, you will make a lot of money. I have already been through three spikes up. Look at when I started buying. I think I actually caught the exact lows of seven years.
12/27/16 Bought 30,698 of IFON @ $0.38 (Order #953) -11,665.24
12/27/16 Bought 100 of IFON @ $0.3777 -37.77
12/27/16 Bought 2,500 of IFON @ $0.37 (Order #953) -925.00
12/27/16 Bought 400 of IFON @ $0.375 -150.00
12/27/16 Bought 14,402 of IFON @ $0.3736 (Order #953) -5,380.59
12/27/16 Bought 100 of IFON @ $0.3608 (Order #953) -36.08
12/27/16 Bought 850 of IFON @ $0.36 (Order #953) -306.00
12/27/16 Bought 100 of IFON @ $0.354 -45.39
12/27/16 Bought 350 of IFON @ $0.3602 (Order
#953) -126.07
I will be in the driver's seat forever here, because all of the bad news was already out at that point, and people were exhausted. Hardly any risk at all, as far as permanent capital loss, when you start your buying where I did. I knew I was never going to get a chance to buy at 25 cents. Even this price today is free money. You guys will see.
If you buy low you are usually in good shape. There are no guarantees, but the reason that I feel so confident, is that as a general rule, if you get the lowest price available when you buy (lowest price over the last seven years), and no material negative events happen after that, you will make a lot of money. I have already been through three spikes up. Look at when I started buying. I think I actually caught the exact lows of seven years.
12/27/16 Bought 30,698 of IFON @ $0.38 (Order #953) -11,665.24
12/27/16 Bought 100 of IFON @ $0.3777 -37.77
12/27/16 Bought 2,500 of IFON @ $0.37 (Order #953) -925.00
12/27/16 Bought 400 of IFON @ $0.375 -150.00
12/27/16 Bought 14,402 of IFON @ $0.3736 (Order #953) -5,380.59
12/27/16 Bought 100 of IFON @ $0.3608 (Order #953) -36.08
12/27/16 Bought 850 of IFON @ $0.36 (Order #953) -306.00
12/27/16 Bought 100 of IFON @ $0.354 -45.39
12/27/16 Bought 350 of IFON @ $0.3602 (Order #953) -126.07
10 years without debt or dilution. Show me another company that has done that. They had a big distribution deal with Samsung before, as well. Then they had a deal with Ingram Micro, who was bought out for 6 billion last year (that deal finally closed in December 2016).
Seems to me that this new cloud project, if that is what it is, will be pretty exciting, and may include a major partner. If not, no big deal, the price will rise with just a small profit. If you look back to when the company traded between $2 and $4 for multiple years, you will see that the cash and net working capital, plus profit/loss was not much different than now, yet the price was 5-10 times today's price.
Plus, big caps are due to go down, and small caps is where the value is now. Lots of small caps are bottoming out. Another thing to realize is that we have taken three shots at nice spikes over the last five months, and none of those spikes has been with real material news (or any at all), so you always have a chance at a spike out of nowhere, but you have very little risk of a huge selloff from 40-50 cents, as that would involved insiders or long time holders, who aren't selling.
I expect that during the next spike up, some people will remember the recent pullbacks and bail, but will soon regret it, as the next one will involve multiple legs higher, coupled with good news.
Somewhere between 1.50 and $2 has a greater possibility than 20-30 cents, and it will happen within 90 days. Buy and sit back. You don't need to change the world to double and triple your money from here. In fact, you don't need anything at all, at it has shown it can move at any time. Major deals, new products, or an earnings profit is coming next, and that means one dollar quite easily.
In most retail, there are companies going bankrupt left and right. This actually works in favor of IFON, and they will be prepared to pick up the slack and get more sales. Low priced phones is where the future is, since the general public in most countries is broke busted, and disgusted. IFON is solid.
I think a deal with happen within a year.
In late 2013, IFON announced a deal with Ingram Micro, which led to the increase in price from 50 cents to over $4 within 150 days or so. They got out of the United States business in 2016, due to litigation expense (mainly). That litigation is now settled, freeing them up to sell to another company or continue on with the deal.
Ingram Micro was sold for 6 billion last year to a huge Chinese Company. Ingram Micro is/was also headquartered in Irvine, CA, right up the highway from Infosonics. Seems to me that there is a reasonable chance that the last year might be part of a plan to sell this company.
InfoSonics Strikes Distribution Agreement with Ingram Micro Mobility
www.infosonics.com/index.php/investors/press-releases/12-18-2013
Dec 18, 2013 - “We are very pleased to enter into this agreement with Ingram Micro Mobility to distribute our verykool® phones in the United States,” said ...
$6 billion deal: Irvine-based Ingram Micro to be sold to Chinese ...
www.ocregister.com/.../6-billion-deal-irvine-based-ingram-micro-to-be-sold-to-chines...
Feb 17, 2016 - Irvine-based logistics firm Ingram Micro Inc. will be acquired for $6 billion by Chinese shipping company Tianjin Tianhai, the companies said ...
https://en.wikipedia.org/wiki/Ingram_Micro
The timing of the above seems to suggest that for one reason or another, IFON got out of/suspended the Ingram Micro deal in order to facilitate the Ingram Micro merger. Their deal had to have played at least some role in the negotiations (IFON's deal). Also, it could be that IFON is free to work a new deal with another United States partner.
There are some positive events that could happen soon that could make sense in hindsight. Like, if the company were sold for $2 per share, that is easier to do when the price is under $1, as opposed to $3 or $4. And this new product launch is still likely to happen. I find it hard to believe that it was canceled, as they would likely have warned about that recently.
I see something big happening soon. And if you go back to 2014, when the price was $3 and $4 for many months, you will see that the company was not much different than it was today. Today they have a little over one million and cash, and 9.3 net working capital. Back them, they had about 2 million in cash and 16 million working capital. And they only turned a slight profit or loss back then, just like now. Yet, you get the shares today at just 10 percent of the highs of three years ago. Also, with a United States presence, that would likely boost the value of the company.
But even if they avoid the United States in the future, there is still a likelihood of a deal or partnership being announced this year. It seems to be time. There would be no reason to not continue with the United States, now that the litigation threat is gone. They could also license to numerous United States companies, since people are broke as a joke, and low priced quality phones will be more and more in play. Amazon has tons of good reviews, and many of those are from 2015, during the height of their US Sales. Youtube reviews show many demonstrations of the product with tens of thousands of views, with most of the Youtube reviews being from Latin America.
Have fun feeling regret when the big spike/news comes and there is no chance for you to participate without paying multiples of today's price. You know it will move too fast when the big news breaks. Don't say I didn't warn you. Just buy and sit back and wait.
One of the all-time scams ever. Just goes to show you how corrupt Wall Street is. Sorry, guys, but one of these days a CEO is going to suffer the ultimate punishment from a disgruntled shareholder. Glad I never got burnt here. I did buy and sell one day seven months ago....broke even, but was pissed because it ran up miraculously over the next week, before crashing again. So, I follow it once in a while to see if the scam is still going strong...and it is.
The other scam is TVIX, which is designed to go to zero, and mathematically HAS to go to zero in 20 years. Lol. The only good news for most shareholders, is that there are so many scammers in management and Wall Street out there, that by definition, some of them die off each year, and many of their family members also perish (naturally, of course). So, that is great comfort, knowing that you will outlive many of the scumbags.
The other thing that is good is that with so many scammers, you do actually get a chance to find life-changing value out there once in a while. The one I am on now on Infosonics, ticker is IFON. No debt, and market cap is less than cash in the bank. They sell over 2,500 phones per day, and through the years the price has fluctuated from under 50 cents to over $4. It is near the lows now, and should be headed in the right directions. Take a look. See ya. IFON is the ticker.
Yeah, that is why you get the great opportunity to buy at a 6 million market cap. If you want everything handed to you, you are welcome to buy at the highs when everything looks great and everybody agrees that the company is doing well. Maybe it is fun for you to buy during those times, and pay $3 or $4 per share. If you did that in 2014 you are down 90 percent. I bought pretty much at the all-time lows (save for a few months during the financial crisis), so I am covered no matter what.
You guys don't quite understand. You are supposed to buy low, then sell high. In order to get the LOW part, there has to be some uncertainty, as well as some mispricing of value. You will understand it soon enough. You are welcome to go buy some shares in some other company where the consensus is that everything is great. Those are the ones that can drop permanently, when it is found out that the emperor has no clothes.
Go ahead and try to articulate a scenario where IFON goes out of business during the next 36 months. No chance. Do you think the shares will ever trade at a 15 million market cap between now and then? I do. Imagine if they actually announce great news. Exciting new product launch is one. Major partnership is another. Maybe start selling phones in the United States again would be yet another. And how about instead of a slight loss, they show a slight profit, or even meaningful profit during the next report? They could also sell the company. There is a reason that they have streamlined operations, and maybe that reason is going to be a huge pleasant surprise.
Go to Amazon and look at all of the reviews for their scores of phone models. Nice company here. A bigger company could get it all for a song. 20 million sale of the company is $1.50-ish per share, and you don't have to stretch your brain at all to see that happening. Now, go back to when the company traded at $4 in 2014. That was a near 60 million market cap. Now, lots of stock market geniuses bought at that point, but they needed a market cap of 175 million in order to make the amount of money that I am going to make once we get to just 20 million. So, they had essentially zero chance of making big money, and a huge chance of losing huge money.
By buying a chunk of shares at an average cost of under 50 cents, I, and some others, have almost zero chance of losing 90 percent like those who bought at $4, and all I have to do to make 9 or 10 times my money is to one day get back to the market cap that was achieved less than three years ago. Those who bought the SAME COMPANY at a market cap of 60 million/$4 per share, needed the company to go to $40 per share, or a market cap of 560 million...lol.
If you cannot understand the above, then there is nothing to talk about.
1.5 million shares were bought over 65 cents the other day. Now, some of that was from chasers who don't know the company, but some of that is from people who are going to hold. Being lightly traded, IFON is always going to leak a bit after these big runs.
Since I started buying during the last week of December 2016 at just under 40 cents (average is mid 40's), I have been through three nice spikes to the upside. The first was a multi-day run in January, that pushed the price from 38 cents to over 70 cents. The second was pretty much a one day run in April, where the price went from 48 cents to 1.04 in a few hours, before dropping down to 60's and 70's for a few days. The third was this past week where the price went from 40 cents to over 70 cents in one day.
At some point, there is going to be a second leg. We can see that when there is buying pressure of any sort, IFON explodes higher. There has never been any selling in the 40 cent range other than leaking (market maker grabbing them up, waiting to unload to the chasers on the next run up). Meantime, the true long-term holders keep adding, so the float is getting tighter and tighter.
With a new product launch, or even a profitable quarter, as likely during the next month or so, we should be ready to hold that first leg, and advance higher with a second or third leg up. As much as some people have said that this is a good trading stock, it is actually the worst, because the spread is so large on the bid and ask. Good trading stocks have tons of liquidity and razor thin spreads on the bid and ask. This just goes to show you that very few people understand IFON, as they cannot even articulate what it is.
Real companies that are lightly traded, with low total shares (just over 14 million with IFON), where insiders and others own a high percentage of shares, are NOT the types of companies you should be day trading. IFON is an investment.
The value is there. There have been three nice run ups with huge volume from the 40-50 cent range. But because it is a real company, and the value is higher than the current market cap, you will NEVER see huge volume days down from here, because if that were the case, someone could simply step in and buy a significant percentage of the company for well under its value. Nobody will ever get that opportunity (not in the 20-30 cents range). Even at the lows now, any buying pressure at all forces it up, and these run ups happen in hours, if not minutes.
Longs just need to hold tight because with any positive announcement, shares will clear one dollar for ten days, taking the delisting nonsense out of the equation forever, and then we can work on making a run to two dollars or more, if the new product launch or partnership is promising, or starts paying off revenue and profit wise.
The door will get knocked down sooner or later. Three runs from 40-ish cents that went to 70 cents and beyond. The next run could be the one that takes the next ride up. If not, you just continue to sit on your shares in the 40 and 50 cent range until it happens. There isn't a high risk of ever regretting owning shares at this price, because it is not likely at all that significant shares will ever be able to be acquired at materially lower prices.
Very little risk of a negative announcement out of the blue that damages the value from here, but there is a strong chance that there will be a favorable announcement, and that can come at any time.
There is a lot of total volume, but shares are not moving fast at all right now. That is why the market maker can play games and clear out some suckers for a few pennies below the real price.
Let's see if we get a nice wave of buying pressure for the second half of the day. If that happens, it will move fast. Longs have a good chance at a great few weeks, because at any time they can announce their new product launch, and as long as it looks decent, we should fly higher.
All we need is the new product launch to still be on schedule, and/or a small net profit for the next reportable quarter, and one dollar is no problem. We could also get there on air, or with current momentum. There have been a few crazy moves from small caps the last few weeks, and this one has an unusual number of followers at a few places.
There is a chance that if we can get back to 70 or 80 cents in the next few days, that there could be a blow off top even higher than that, as a final push is made. And that is if there isn't even news.
The float is low enough that if enough people jump on there will be options for those who bought low. I still say that worst case scenario we get to one dollar or more for ten days before EVER having to do a reverse split. They were basically given another 180 days, because the original deadline was May 1st. It appears that I was correct on how low this could go. I don't believe there is any surprise out there that could create a huge selloff to under 40 cents, so I am expecting between one and two dollars by the end of the summer, as management now knows what it needs to do, and they can time their launch accordingly. In good shape here.
Total games being played with the price. Remember to always buy when there is pain on the message boards, though sometimes you can take a shot after it starts percolating. You had a chance to buy yesterday for a whole 90 minutes at 43 and below, so there is nobody to blame but yourself. I still think that anything under 60 cents makes 100 percent on their money by the end of summer, so it is not too late.
There is a real chance for a manic episode to the upside, where money appears to grow in your account at a ridiculous rate, so keep your cool and wait for it to happen. Far worse companies have had huge runs recently, and IFON is more legit than most. Still selling for under net cash, and the momentum can be on our side for quite a while. Float is tight, with the only pullbacks being from flippers who chase the highs. We should see multiple legs up over the next few weeks, and likely stabilize at close to one dollar (as opposed to the 40-50 cents level while delisting uncertainty was there).
You guys had a whole 90 minutes to buy at under 43 cents, yet you blew it again. All it took was a little buying pressure and it is off to the races again. We'll see what happens after this spike that is under way.
I told you guys time and time again that you have to be able to buy without the crowd. The price actually was down for the first 90 inutes today. The news was out hours before the market opened. Let this be your final lesson on Mr Market.
If people actually follow this spike with some buying pressure, we could be off to a crazy day or next few weeks. We were primed as of a few days ago. Ready to roll, but whatever happens, if fine with me. It will close over $1 for at least ten days before October 30th, so I will wait for it to happen.
At least we have some rumbling. This is similar looking to what happened on the wild spike five weeks ago, but we'll see. It won't take much at this point to create a stampede of people scrambling for shares. The wind just needs to blow a little bit, and it could be lights out (to the upside).
If this thing makes a run to 60 cents of above today, where could see one dollar this week, as there are actually quite a few people who had this in the past, who will jump back in (for fear of being left out). Longs who already have shares and have sat through the somewhat painful last month or more, are in the driver's seat now. No pain no gain.
You still don't understand. The delisting was a non issue, as they were always going to do a reverse split if they had to, but they were never going to have to. They have over four months to get over $1 now, and that will be easy enough, so no reverse split is happening.
Sharp people knew this and loaded up. The only people left are broke jokes who are only capable of buying a few thousand shares. Once again, you are letting those broke jokes determine how you feel about IFON.
Today was the first step towards blastoff, and I would love to see it trade lower so that you could finally get it out of your head that small trading determines the value of a company.
It can go up at any time, and it will easily clear one dollar before they have to think about a reverse split. There are not a lot of people who are watching this who have the smarts and ability to buy. Of course, if this blasts off today everyone will jump on board, but most are not capable of buying before it moves.
I will stop back in three months and you guys can worry about another problem. The delisting was always a non-issue. Today was good, and now there really is nothing that can stop the reality over one dollar quite soon. The new product launch alone should do it. It can move at any time. Heck, if the market makers run it up today, it will attract more buying and we could be on our way. It will happen when it is ready to happen. Early trading just proves how lame the watchers are (and broke). We are in good shape.
You still don't understand. The delisting was a non issue, as they were always going to do a reverse split if they had to, but they were never going to have to. They have over four months to get over $1 now, and that will be easy enough, so no reverse split is happening.
Sharp people knew this and loaded up. The only people left are broke jokes who are only capable of buying a few thousand shares. Once again, you are letting those broke jokes determine how you feel about IFON.
Today was the first step towards blastoff, and I would love to see it trade lower so that you could finally get it out of your head that small trading determines the value of a company.