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Could happen with a few more hits on the Ask. I just hope the end of day bidwhack doesn't happen again. Would be great to close up 20% today.
Perhaps, once iFinix Trader is on the market folks here will switch and fully support iFinix's suite of products. Then they will not only have a great product but they will be helping their INIX investment as well.
Charting will be available as an add-on with iFinix Trader.
One left at .018 and then .019
.0185s are up
It might not take much to move it back to .02
INIX Ask now .0183
Reposted the DD in sticky notes after making a few changes and corrections to the previous version.
INIX [iFinix Corporation] Due Diligence --
The following information is provided for potential investors of INIX.
iFinix Corporation has established itself as a transparent and viable company. Following a very unpopular reverse split decision several years ago by the former Chairman, (now deceased), the stock price crashed. However, since June 2008 the current Chairman, Doug Spadaro, and CEO, Ben Munroe, have worked diligently and honestly to bring the company back from the brink, with the stock price having increased over 3000%. The company was able to complete all of its 2009 business goals including the filing of its 15c2-11 with FINRA, although there was a significant delay in the launch of their RealTime software-trading platform.
Significant achievements in 2009:
1. iFinix Corp. Reports 2009 Financials - Cut Losses by Over 90% ** This reduction in losses was in large part due to a one-time debt forgiveness.
2. iFinix software developers were allowed in to several brokerage/MM firms to view their trading screens and legacy software. This allowed them to see what the brokers and MMs are currently using and let iFinix developers determine what is needed to improve their program and be more attractive to commercial trading community. The brokers expressed their willingness to convert to iFinix's Trader software once it is on the market.
3. The company offered A & B warrants to loyal shareholders of record last summer in order to raise operating capital rather than seek outside funding. The warrants were issued as restricted shares under Rule 144.
4. iFinix Corporation held its first annual shareholders meeting in Las Vegas on September 14. During the meeting, members of the Board presented financial reports, the strategic operating plan, and a full demonstration of the new RealTime software. There are not many pink sheet companies that hold shareholder meetings. The 2010 Shareholders meeting is expected to once again be held in Sept in Las vegas. This company has held three shareholder conference calls to update them on company issues. Their transparency resulted in Pinksheets.com upgrading iFinix Corporation from Yield to Current Information
5. Network 1 Financial Group filed iFinix’s Form 15c2-11 with FINRA, which was approved in early December
6. Launched the RealTime software trading platform *
* There were several reported reasons [PRs] for the delay in the RealTime launch. IMO, the reasons were:
1. New FINRA rules for Pink OTC Level 2 feeds required significant rework of coding for the Data Center responsible for providing the feeds to the RealTime servers. See http://www.businessinsider.com/the-pink-sheets-blast-finra-accuse-it-of-violating-the-constitution-2009-12 for further information. This caused the majority of the delay as it took over 60 days for the Data Center to complete the Pinksheet L2 coding.
NOTE: Pinksheets.com is now OTCMarkets.com
2. The Data Center was required to order additional data feed handlers to complete the RealTime setup.
3. There were coding errors between the RealTime servers and the Data Center that required fixing on both ends once the feeds were delivered to the servers.
Until the RealTime launch delay, iFinix Corp had met all of its business goals and did so while maintaining transparency with its shareholders. There is no doubt the delayed launch caused the share price to suffer.
However, 2010 may just prove to be the turning point for the company. In Feb, the company announced that it had completed the acquisition of Beckman Holdings. This will allow the company to establish iFinix Capital division and to strengthen its core with iFinix Forex, Island Forex, and iFinix Futures. The company also entered into an agreement with Network 1 Financial Group [NETW] in which NETW will serve as iFinix’s Investment Banker.
Marketing for RealTime has started, although not as aggressively as some would like, and it should expand as revenues increase. The first RealTime video ad was listed on YouTube: www.youtube.com/watch?v=tJ4mPu_cB54
As the marketing campaign expands, revenues from RealTime should continue to increase providing the company with additional operating capital.
The company recently added Mr. Stevon Forrester Esq. to its Board of Directors and installed him in the position of Managing Director of iFinix Capital. Mr. Forrester holds numerous certifications and licenses and brings an impressive background to iFinix Capital. Hopefully, he will quickly establish iFinix Capital as a player in the market and significantly increase revenues.
iFinix Corp filed their 2009 financials on March 31 on OTCMarkets.com. They were much better than most anticipated. iFinix Corp. reported revenues of $446,499 and a loss of only $7,043 for the year which ended December 31st, 2009. These revenues were derived primarily from its wholly owned subsidiary iFinix/Proactive Futures. This represents a revenue increase of $323,031 and a reduction in losses of 90% or $1,264,574 for the same period last year. As previously stated, there was also a one-time debt forgiveness. Refer to the financials for more information.
IMO, the Q1 2010 financials will not be great due to the delayed launch of RealTime [and the lack of revenue resulting from the delay] and the required operating costs to run the company.
However, IMO, Q2 financials should provide a more positive outlook as revenue from RealTime will be factored in along with revenue from the other divisions, including iFinix Capital. Further, the release of iFinix Trader later in the year will bring additional revenue to the company.
SIGN UP FOR RealTime at www.ifinixsoftware.com/subscribe.html Take advantage of the two-week free trial and take it for a spin.
As of March 8, 2010:
A/S 288,000,000
O/S 223,136,143
Float: 96,145,524
KEY PRs: (beginning with most recent)
04//2210 News: iFinix Software Releases Its First Commercial
http://www.marketwire.com/press-release/iFinix-Software-Releases-Its-First-Commercial-1152381.htm
04/15/2010 News: iFinix/Proactive Futures Launches Managed Accounts Program
http://www.marketwire.com/press-release/iFinix-Proactive-Futures-Launches-Managed-Accounts-Program-1148492.htm
04/08/2010 News: iFinix Corp. Appoints Stevon L. Forrester Esq. to its Board of Directors
http://www.marketwire.com/press-release/iFinix-Corp-Appoints-Stevon-L-Forrester-Esq-to-Its-Board-of-Directors-1145024.htm
03/31/2010 News: iFinix Corp. Reports 2009 Financials -- Cut Losses by Over 90%
http://www.marketwire.com/press-release/iFinix-Corp-Reports-2009-Financials-Cut-Losses-by-Over-90-1141047.htm
03/26/2010 News: iFinix Corp. Marketing Update
http://www.marketwire.com/press-release/iFinix-Corp-Marketing-Update-1138666.htm
03/22/2010 News: Waterville Research Initiates Coverage of iFinix Corp.
http://www.marketwire.com/press-release/Waterville-Research-Initiates-Coverage-of-iFinix-Corp-1135696.htm
03/16/2010 News: iFinix Engages Investment Banker
http://www.marketwire.com/press-release/iFinix-Corp-Engages-Investment-Banker-1132769.htm
03/11/2010 News: iFinix Corp 2010 Outlook
http://www.marketwire.com/press-release/iFinix-Corp-2010-Outlook-1130278.htm
02/24/2010 News: iFinix Closes Beckman Acquisition
http://www.marketwire.com/press-release/iFinix-Corp-Closes-Beckman-Acquisition-1122710.htm
02/23/2010 News: iFinix Corp Shareholder Update
http://www.marketwire.com/press-release/iFinix-Corp-Shareholders-Update-1120820.htm
02/16/2010 News: iFinix Corp Updates its Website
http://www.marketwire.com/press-release/IFinix-Corp-Updates-Its-Website-1117435.htm
02/05/2010 News: iFinix Corp Revises Capital Structure
http://www.marketwire.com/press-release/iFinix-Corp-Revises-Capital-Structure-1113216.htm
02/03/2010 News: iFinix Shareholder Update
http://www.marketwire.com/press-release/iFinix-Corp-Shareholders-Update-1111773.htm
01/25/2010 News: iFinix Corp Launches RealTime
http://www.marketwire.com/press-release/iFinix-Corp-Launches-RealTime-1106355.htm
01/20/2010 News: iFinix Corp Announces RealTime Launch
http://www.marketwire.com/press-release/iFinix-Corp-Announces-RealTime-Launch-1104861.htm
01/15/2010 News: iFinix Corp Reduces Authorized Shares
http://www.marketwire.com/press-release/iFinix-Corp-Reduces-Authorized-Shares-1102613.htm
01/08/2010 News: iFinix Corp. Shareholders Update
http://www.marketwire.com/press-release/Ifinix-Corporation-1099397.html
01/04/2010 News: iFinix Corp. RealTime Launch Delayed
http://www.marketwire.com/press-release/Ifinix-Corporation-1096809.html
iFinix Corp. RealTime Launch Delayed
12/29/2009 News: iFinix Corp. Announces RealTime Launch Date
http://www.marketwire.com/press-release/Ifinix-Corporation-1096186.html
12/21/2009 News: iFinix Corp. Shareholder Update
http://www.marketwire.com/press-release/Ifinix-Corporation-1094365.html
12/17/2009 News: iFinix Corp’s “RealTime” is Coming to Town
http://www.marketwire.com/press-release/Ifinix-Corporation-1092735.html
12/10/2009 News: iFinix Corp. Receives Appraisal by Preeminent Business Evaluation Firm
http://ifinix.com/dnn/pdf/NA_091209_217968506.pdf
12/09/2009 News: iFinix Corp. Announces Investor Teleconference
http://www.marketwire.com/press-release/Ifinix-Corporation-1088244.html
12/07/2009 News: iFinix Corporation Received 2009 Best of Business Award
http://www.marketwire.com/press-release/Ifinix-Corporation-1086677.html
12/04/2009 News: iFinix Corp. Shareholder Update
http://www.marketwire.com/press-release/Ifinix-Corporation-1086057.html
12/01/2009 News: iFinix Corp. Recieves Approval for their 15c2-11 Application from FINRA
http://marketwire.com/press-release/Ifinix-Corporation-1083996.html
11/18/2009 News: iFinix Corp. Reports Fincancial Results for Quarter ending Sep 30, 2009
http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=26216
09/28/2009 News: iFinix Corp. Schedules Teleconference
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41934272
09/15/2009 News: iFinix Completes Successful Shareholder Meeting
http://www.marketwire.com/press-release/Ifinix-Corporation-1045014.html
09/01/2009 News: iFinix Corp. Says It's Got The "Real Deal"
http://www.marketwire.com/press-release/Ifinix-Corporation-1038202.html
07/24/2009 News: iFinix Corp. Announces Details of Its Shareholders Meeting
http://www.marketwire.com/press-release/Ifinix-Corporation-1021667.html
07/14/2009 News: iFinix Corp. Opens Additional Lines of Communication
http://www.marketwire.com/press-release/Ifinix-Corporation-1016694.html
07/13/2009 News: iFinix Corp. Sets Terms of the "A" Warrant
http://www.marketwire.com/press-release/Ifinix-Corporation-1016303.html
02/12/2009 News: iFinix Futures Appoints New President
http://www.ifinix.com/dnn/Home/IfinixNewsDetails/tabid/111/Default.aspx?ifinixPodcastId=95
PINKSHEET FILINGS: (beginning with most recent)
03/31/2010 2009 Annual Report
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=30406
11/23/2009 Attorney Letter with Respect to Current Information
http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=26569
11/20/2009 Quarterly Report
http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=26495
09/03/2009 Attorney Letter with Respect to Current Information
http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=23923
09/02/2009 Initial Company Information and Disclosure Statement
http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=23901
I am providing this information as DD only . This stock has its detractors and IMO you should do your own additional Due Diligence before investing in INIX or any company stock for that matter. I strongly believe the management of iFinix Corporation is working hard to grow the company and ultimately bring higher value to the stock. IMO, 2010 will be a profitable year for iFinix Corporation.
Over 500K shares just sold at .015 and 295K at .0149
INIX [iFinix Corporation] Due Diligence --
The following information is provided for potential investors of INIX and is only "my opinion".
iFinix Corporation has established itself as a transparent and viable company. Following a very unpopular reverse split several years ago by the former CEO, (now deceased), the current CEO, Ben Munroe, assumed the position in June 2008 and has worked hard to bring the company back from the brink. The company was able to complete all of its 2009 business goals including the filing of its 15c2-11 with FINRA, although there was a significant delay in the launch of their RealTime software-trading platform.
Significant achievements in 2009:
1. iFinix Corp. Reports 2009 Financials - Cut Losses by Over 90% ** This reduction in losses was in large part due to a one-time debt forgiveness.
2. iFinix software developers were allowed in to several brokerage/MM firms to view their trading screens and legacy software. This allowed them to see what the brokers and MMs are currently using and let iFinix developers determine what is needed to improve their program and be more attractive to commercial trading community. The brokers expressed their willingness to convert to iFinix's Trader software once it is on the market.
3. The company offered A & B warrants to loyal shareholders of record last summer in order to raise operating capital rather than seek outside funding. The warrants were issued as restricted shares under Rule 144.
4. iFinix Corporation held its first annual shareholders meeting in Las Vegas on September 14. During the meeting, members of the Board presented financial reports, the strategic operating plan, and a full demonstration of the new RealTime software. There are not many pink sheet companies that hold shareholder meetings. The 2010 Shareholders meeting is expected to once again be held in Sept in Las vegas. This company has held three shareholder conference calls to update them on company issues. Their transparency resulted in Pinksheets.com upgrading iFinix Corporation from Yield to Current Information
5. Network 1 Financial Group filed iFinix’s Form 15c2-11 with FINRA, which was approved in early December
6. Launched the RealTime software trading platform *
* There were several reported reasons [PRs] for the delay in the RealTime launch. IMO, the reasons were:
1. New FINRA rules for Pink OTC Level 2 feeds required significant rework of coding for the Data Center responsible for providing the feeds to the RealTime servers. See http://www.businessinsider.com/the-pink-sheets-blast-finra-accuse-it-of-violating-the-constitution-2009-12 for further information. This caused the majority of the delay as it took over 60 days for the Data Center to complete the Pinksheet L2 coding.
NOTE: Pinksheets.com is now OTCMarkets.com
2. The Data Center was required to order additional data feed handlers to complete the RealTime setup.
3. There were coding errors between the RealTime servers and the Data Center that required fixing on both ends once the feeds were delivered to the servers.
Until the RealTime launch delay, iFinix Corp had met all of its business goals and did so while maintaining transparency with its shareholders. However, the delay has caused much angst with some shareholders and some member who are just looking in. There is no doubt the delayed launch caused the share price to suffer.
However, 2010 may just prove to be the turning point for the company. In Feb, the company announced that it had completed the acquisition of Beckman Holdings that will allow them to establish iFinix Capital division and to strengthen its core with iFinix Forex and Island Forex. The company also entered into an agreement with Network 1 Financial Group [NETW] in which NETW will serve as iFinix’s Investment Banker.
Marketing for RealTime has started, although not as aggressively as some would like, and it should expand as revenues increase. The first RealTime video ad was listed on YouTube: www.youtube.com/watch?v=tJ4mPu_cB54
As the marketing campaign expands, revenues from RealTime should continue to increase providing the company with additional operating capital.
The company recently added Mr. Stevon Forrester Esq. to its Board of Directors and installed him in the position of Managing Director of iFinix Capital. Mr. Forrester holds numerous certifications and licenses and brings an impressive background to iFinix Capital. Hopefully, he will quickly establish iFinix Capital as a player in the market and significantly increase revenues.
iFinix Corp filed their 2009 financials on March 31 on OTCMarkets.com. They were much better than most anticipated. iFinix Corp. reported revenues of $446,499 and a loss of only $7,043 for the year which ended December 31st, 2009. These revenues were derived primarily from its wholly owned subsidiary iFinix/Proactive Futures. This represents a revenue increase of $323,031 and a reduction in losses of 90% or $1,264,574 for the same period last year. As previously stated, there was also a one-time debt forgiveness. Refer to the financials for more information.
IMO, the Q1 2010 financials will not be great due to the delayed launch of RealTime [and the lack of revenue resulting from the delay] and the required operating costs to run the company.
However, IMO, Q2 financials should provide a more positive outlook as revenue from RealTime will be factored in along with revenue from the other divisions, including iFinix Capital. Further, the release of iFinix Trader later in the year will bring additional revenue to the company.
SIGN UP FOR RealTime at www.ifinixsoftware.com/subscribe.html Take advantage of the two-week free trial and take it for a spin.
As of March 8, 2010:
A/S 288,000,000
O/S 223,136,143
Float: 96,145,524
KEY PRs: (beginning with most recent)
04//2210 News: iFinix Software Releases Its First Commercial
http://www.marketwire.com/press-release/iFinix-Software-Releases-Its-First-Commercial-1152381.htm
04/15/2010 News: iFinix/Proactive Futures Launches Managed Accounts Program
http://www.marketwire.com/press-release/iFinix-Proactive-Futures-Launches-Managed-Accounts-Program-1148492.htm
04/08/2010 News: iFinix Corp. Appoints Stevon L. Forrester Esq. to its Board of Directors
http://www.marketwire.com/press-release/iFinix-Corp-Appoints-Stevon-L-Forrester-Esq-to-Its-Board-of-Directors-1145024.htm
03/31/2010 News: iFinix Corp. Reports 2009 Financials -- Cut Losses by Over 90%
http://www.marketwire.com/press-release/iFinix-Corp-Reports-2009-Financials-Cut-Losses-by-Over-90-1141047.htm
03/26/2010 News: iFinix Corp. Marketing Update
http://www.marketwire.com/press-release/iFinix-Corp-Marketing-Update-1138666.htm
03/22/2010 News: Waterville Research Initiates Coverage of iFinix Corp.
http://www.marketwire.com/press-release/Waterville-Research-Initiates-Coverage-of-iFinix-Corp-1135696.htm
03/16/2010 News: iFinix Engages Investment Banker
http://www.marketwire.com/press-release/iFinix-Corp-Engages-Investment-Banker-1132769.htm
03/11/2010 News: iFinix Corp 2010 Outlook
http://www.marketwire.com/press-release/iFinix-Corp-2010-Outlook-1130278.htm
02/24/2010 News: iFinix Closes Beckman Acquisition
http://www.marketwire.com/press-release/iFinix-Corp-Closes-Beckman-Acquisition-1122710.htm
02/23/2010 News: iFinix Corp Shareholder Update
http://www.marketwire.com/press-release/iFinix-Corp-Shareholders-Update-1120820.htm
02/16/2010 News: iFinix Corp Updates its Website
http://www.marketwire.com/press-release/IFinix-Corp-Updates-Its-Website-1117435.htm
02/05/2010 News: iFinix Corp Revises Capital Structure
http://www.marketwire.com/press-release/iFinix-Corp-Revises-Capital-Structure-1113216.htm
02/03/2010 News: iFinix Shareholder Update
http://www.marketwire.com/press-release/iFinix-Corp-Shareholders-Update-1111773.htm
01/25/2010 News: iFinix Corp Launches RealTime
http://www.marketwire.com/press-release/iFinix-Corp-Launches-RealTime-1106355.htm
01/20/2010 News: iFinix Corp Announces RealTime Launch
http://www.marketwire.com/press-release/iFinix-Corp-Announces-RealTime-Launch-1104861.htm
01/15/2010 News: iFinix Corp Reduces Authorized Shares
http://www.marketwire.com/press-release/iFinix-Corp-Reduces-Authorized-Shares-1102613.htm
01/08/2010 News: iFinix Corp. Shareholders Update
http://www.marketwire.com/press-release/Ifinix-Corporation-1099397.html
01/04/2010 News: iFinix Corp. RealTime Launch Delayed
http://www.marketwire.com/press-release/Ifinix-Corporation-1096809.html
iFinix Corp. RealTime Launch Delayed
12/29/2009 News: iFinix Corp. Announces RealTime Launch Date
http://www.marketwire.com/press-release/Ifinix-Corporation-1096186.html
12/21/2009 News: iFinix Corp. Shareholder Update
http://www.marketwire.com/press-release/Ifinix-Corporation-1094365.html
12/17/2009 News: iFinix Corp’s “RealTime” is Coming to Town
http://www.marketwire.com/press-release/Ifinix-Corporation-1092735.html
12/10/2009 News: iFinix Corp. Receives Appraisal by Preeminent Business Evaluation Firm
http://ifinix.com/dnn/pdf/NA_091209_217968506.pdf
12/09/2009 News: iFinix Corp. Announces Investor Teleconference
http://www.marketwire.com/press-release/Ifinix-Corporation-1088244.html
12/07/2009 News: iFinix Corporation Received 2009 Best of Business Award
http://www.marketwire.com/press-release/Ifinix-Corporation-1086677.html
12/04/2009 News: iFinix Corp. Shareholder Update
http://www.marketwire.com/press-release/Ifinix-Corporation-1086057.html
12/01/2009 News: iFinix Corp. Recieves Approval for their 15c2-11 Application from FINRA
http://marketwire.com/press-release/Ifinix-Corporation-1083996.html
11/18/2009 News: iFinix Corp. Reports Fincancial Results for Quarter ending Sep 30, 2009
http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=26216
09/28/2009 News: iFinix Corp. Schedules Teleconference
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41934272
09/15/2009 News: iFinix Completes Successful Shareholder Meeting
http://www.marketwire.com/press-release/Ifinix-Corporation-1045014.html
09/01/2009 News: iFinix Corp. Says It's Got The "Real Deal"
http://www.marketwire.com/press-release/Ifinix-Corporation-1038202.html
07/24/2009 News: iFinix Corp. Announces Details of Its Shareholders Meeting
http://www.marketwire.com/press-release/Ifinix-Corporation-1021667.html
07/14/2009 News: iFinix Corp. Opens Additional Lines of Communication
http://www.marketwire.com/press-release/Ifinix-Corporation-1016694.html
07/13/2009 News: iFinix Corp. Sets Terms of the "A" Warrant
http://www.marketwire.com/press-release/Ifinix-Corporation-1016303.html
02/12/2009 News: iFinix Futures Appoints New President
http://www.ifinix.com/dnn/Home/IfinixNewsDetails/tabid/111/Default.aspx?ifinixPodcastId=95
PINKSHEET FILINGS: (beginning with most recent)
03/31/2010 2009 Annual Report
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=30406
11/23/2009 Attorney Letter with Respect to Current Information
http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=26569
11/20/2009 Quarterly Report
http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=26495
09/03/2009 Attorney Letter with Respect to Current Information
http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=23923
09/02/2009 Initial Company Information and Disclosure Statement
http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=23901
I am providing this as information only and it is only my opinion. This stock has its detractors and IMO you should do your own additional Due Diligence before investing in INIX or any company stock for that matter. I strongly believe the management of iFinix Corporation is working hard to grow the company and ultimately bring higher value to the stock.
Thanks for pointing it out.
iFinix Software Releases Its First Commercial
PLAINVIEW, NY--(Marketwire - April 22, 2010) - iFinix Corp. (PINKSHEETS: INIX) announced today that it has released its first commercial for iFinix RealTime.
As part of the next phase of its marketing plan, iFinix Software has rolled out its first video commercial. This commercial will be used for Cable TV ads, video websites such as You Tube, Social Websites, and viral internet marketing campaigns.
iFinix CTO Ricardo Brillon stated, "There must be some truth to that expression, 'A picture is worth a thousand words.' Our website hits have increased dramatically since releasing our first commercial. We are looking forward to seeing the results of this roll out and the exposure provided by additional commercials in the near future. We believe our Real Time Level II streaming stock quotes will surpass the competition both in reliability and price."
RealTime is available at www.ifinixsoftware.com for $34.95 per month with no long term commitments. Exchange fees included.
To see our ad go to
Not sure about that however if the ad can eventually find its way to Bloomberg, Fox Business, etc. it could really get some interest going.
iFinix [INIX] RealTime Youtube Link
iFinix [INIX] RealTime Youtube Link
iFinix/Proactive Futures Launches Managed Accounts
ProgramPLAINVIEW, NY--(Marketwire - April 15, 2010) - iFinix Corp (PINKSHEETS: INIX), a provider of real-time financial information and services to active traders and to the securities industry, announced today that its subsidiary, iFinix/Proactive Futures, has officially launched a Managed Futures Division for its clients. We have always offered CTAs (Commodity Trading Advisors) for clients who don't have the time or don't want to manage their own accounts. With the increased requests from clients, we are dramatically expanding our product offering.
The company believes that clients are looking for alternative investments to their traditional stock portfolios. A managed account affords those clients who do not have the time or skills necessary to trade their own account to diversify their portfolio into the Commodities Futures market.
Proactive works with CTAs which are both regulated, and provide audited reporting based on their trading results. The "managed accounts" range from minimum investments of $25,000 to over $500,000, providing trading in a variety of alternative investments.
Mr. Dank, president of iFinix/Proactive Futures, commented, "We are getting more calls today for alternative investments than ever before. The Managed Futures or CTA (Commodity Trading Advisors) is a viable alternative for some of these clients. We have expanded our list of CTAs that we currently work with, now offering more diversified investment alternatives. Proactive will add this service to its already proven business model and will embark on an aggressive campaign to recruit a number of representatives to handle the additional anticipated business."
www.proactivefutures.com
The risk of loss in trading Futures and options can be substantial. Futures and options trading may not be suitable for everyone. Therefore, you should carefully consider the risks in light of your financial condition in deciding whether to trade. You may sustain a total loss of the initial margin funds and additional funds that you deposit with your brokers to establish or maintain a position in the Commodity Futures market.
About iFinix Corp.
iFinix is a diversified information technology services and solutions company with expertise in 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.ifinixsoftware.com www.proactivefutures.com
MP, I am not lacking confidence in the company or faith that the pps can some day reach a dollar. My opinion is based on revenue. If the company is able to bring in substantially more revenue than it has in the past [with RealTime, iFinix Forex, iFinix Capital, iFinix Trader] then anything is possible. I certainly am not slamming the company, I am merely being much more realistic than I was last summer. Until more interest is shown [volume] in the stock it might be a bit of a stretch to see the pps at a dollar. Let's see what future fins report. Even a 1000% gain on today's pps would be great and that would be less than .20 So your are talking a 5000% gain, this year, based on potential.
It was actually .045 a few months ago. The sp hit .05 last year but was probably a fat-finger mistake as it only lasted a second. Unless something remarkable happens, I cannot see the pps hitting a dollar in 2010.
I made that comment last August for cryin out loud. Looking at it today, yes, it was crazy. However, anything is possible in the future if the company executes well and begins earning substantial revenue. I was not the only member to have such enthusiasm however until recently the pps had increased 1000% since then. Given similar performance this year, the pps could go to .20 or higher.
Similar comments can be found on almost all iHub boards. In pinkieland, we've all seen runs of more 1000% in a week. There were many posters in INIX believing the pps could run to/past a dollar. Its called enthusiasm.
That link is to a post from eight months ago . Just so its clear, anyone can go to pinnacle digest and enter anything they want there. I entered my opinion of the company at that time and I certainly was not paid to post that comment. Others on the iHub board also entered opinions on pinnacle digest. For some to suggest I was paid to make that post is an absolute untruth, and to openly state I was paid to make that post is a lie. Many of us on this board thought, hoped, dreamed, etc. that INIX would be at a $1 this year and that's obviously not going to happen now.
MP1973, this post is in reply to another's post and is not directed at you.
Would be nice if NETW would decide to sit on top of the bid for a week and help the pps move up.
Still could. Three hours left in the session. A little less selling and a little more buying could do it. Slow day though.