Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
300M shares added, working capital, new Preferred shares, convertible Notes
Quick look not DD. Company looks OK and looks as if they really plan to do something and not just pump and dump.
Added capital of $4.3 million and there is a ($4.5 million) in accumulated Deficits. In other words the company owns move than it is worth. Not really an that big an issue, as capital is need to create and run a business. Hopefully this is from the stock and not just a payable note. There is a strategy of using cash raised to buy up a stock float and put the shares into treasury. As the price of the stock goes up so does the assets in our treasury. Once the stock price rises enough, with on ongoing business, you sell the treasury stock back into the market and replace it with cash (real working capital).
There is an addition 300 Million shares added (restricted for now) give a person or group/company actual ownership of the company. The good news is it looks like the entity bought the shares, paying .01 a share, and was not just granted them. The stock should rise significantly if this is true.
There is now 20,000,000 of preferred share issued and 50,000 out. I have not found out if the preferred has voting rights (usually not), are convertible to a large multiple of common shares (commonly done), if they are entitled to a distribution of so type, etc., etc.. It is UNKNOWN at this time.
There are 61M in convertible notes outstanding. (basically 100,000,000 are outstanding at this time, not knowing if the part of the 300M shares is part of the convertible notes side (doubtful).
So we are looking at 400M shares and $4M of working capital or $.01 a share liquidity. Again, Unknow about the preferred stock which would be paid first. Still pretty good given the stock price is .03.
Worth digging into more.
There was, and probably still is, someone with $7500 willing to wait through the weekend at .025. What was interesting, no one took them up on it.
On the other hand, there was 2 offers at .03 equaling $3000 that no one took and now one of those 50K shares drop to .0299, lol. Ususally, when it is quiet, sellers given first. We'll see.
Needs to pull back and shake the tree. As long as there ara 100 share crossing trying to keep the share price showing up, IFHR is not going anywhere. Just let it drop and see where buyers steps in.
I know most on this board want to see a breakout and run to .10 or .20, but personally I would like to see IFHR come back to low and mid .02's for a week while I find out more about the company. Perhaps I will end up buying under .10.
Actually, IFHR needs a cleaning of weaker hands. Need to drop the price into the low .02's or even touch into the .01's. The tec's will run, and with no buyers it will drop until accumulated with stronger hands or disappear again into the sub .01.
Agree
Show me some news. IFHR is being moved around with very few shares and near no money. I want to hear about the fundamentals. SHOW ME NEWS!!! There seems to be only a couple of buyers in here and PR. Who ever has the ear of the company, tell them investors are waiting for fundamental NEWS!!!
You need a level 2 to see the volumes on the trades. The up ticks are coming on 100 share trades (less than $4). However, it is working as the bid is moving up. Not good sign. We'll see though as IFHR has been killing it every day.
There an ask of 400,000+ shares waiting at .032. ETRF's seller at .036 is has not given it up to the .032 that's available, so not someone dumping, just taking a profit. It will be interesting when it is taken out, and will be interesting to see which MM takes it as so we know who's accumulating.
Yes, very nice bid. All and all, you have realize that IFHR has traded 1.3 million shares above .03 this morning. Some of this is MM messing aound, with the price at 5000 shares or less, trying to either buy or distribute stock for their accounts. Doesn't matter as it seems .03 is the starting point for a lot of investors. Some like a 2X and sell other 5X,10X++. If there is no shorts, then there in little stock in the hands of the origanal owners. Interesting!
This is what is on the website I found. The number is no good!!!
2831 St. Rose Parkway #200 Henderson
NV 89052
+1775981270
I would like to talk with someone at the company. Does anyone have a phone number?
And when it hits a .10 then what? At what point do you think the people buying here around .02 are going to sell?
Didn't someone here say they had news from the company. This is something I am most interested in hearing.
Depending on what level you are looking on, We now have about 1/2 million ask at 022 and the 1 million at 0195 is gone
The volume today is impressive. I would have thought they would have keep the price low for the week and force people looking for a quick buck to sell and move on.
Even if 40% of the volume is a MM's trading with themselve to cause the share price to move in the direction they want, we are still looking at over 20% of the float changing hands. This will be a marked day for IFHR.
Even if it is a flipper, someone buying at .02 (given the kind of stock it this is) would want .035 to 06 and perhaps 10X if they know something.
There is a bid for million share just under .02
Interersting morning. IFHR came back to the resent breakout point of .014, were IFHR broke-out with real volume. Now there is some bid a .0161, while the price is being shown higher with 100 to 5000 shares.
It looks as though shareowners (or someone buying up the float) will buy all that is given in the .014 area. That price may have moved up a bit.
To me, it will take a bit of time for this to settle and then hopefully move up again. People looking daily will get boarded and shaken out. The company needs substance to attract investor that will buy and hold. I am happy to wait and watch.
NOTE: If you are an IFHR executive, tell me how the company is going to have a positive cash flow, how fast will grow while not diluting a shareholder position, AND although you need to be a growth company - how many years before shareholders will receive retu rninvestment without having to sell the stock, (dividend, spin off, etc.). . I would like to buy more under .05 or even .075, if can see a reason an know this is not a pump and dump.
Need to reach people that are not already on this board. No matter how good the news is, unless you have fresh money continuing to add a stock will start to drop. Once it gets low enough, many of the earlier buyers will add.
Personally I am not in until the stock is much higher, except for the 50,000 shares just so I am a share holder who can pull information from the company when needed. Sounds like the wrong thing to do, but I play these kind stocks when a lot of the risk is out and it is clear where the company is going and how it is going to get their. They are still bargins with great upside, and my guess is many of you will have sold and will be onto another great .005 to .03 opportunity.
But think of it this way, you need people like me that will buy at .15 and.20 and add more at .50 if logical, buy as it corrects and be involved.
I wish you all great profit!!!
There seems to be a lot of Bulls here. I have found the boards slam the stock, or there is nothing said with the share being pick up along the way (move for no reason) are the ones that fly. This was the case with IFHR which put it on my radar when it was moving with no news and a big RED warning on it.
First on not my my post but interesting, second paragraph needs to be checked
:
-Company as seen on page 22 of the most recent Q filing released on July 1st it shows assets at a value of 1.9 million dollars. Company currently has a Market Value $739,317 a/o Jul 03, 2017 at .0234 a share. This means the company is worth 1 and a half times more then where it is currently trading which easily reaches the value to .07 - .10 on that alone. With the company achieving current status any day now along with PR's expected afterwards I can see this easily making a run into the double digit cent category. .10 - .20 is very realistic.
Perhaps I read the information incorrecly, but I believe the CEO was granted 300M shares. Someone want to check this out (another pair of eyes) to make sure I don't have it wrong. There are pump and dumps, and there are companies used to become public that are opportunities. Which one this is I am still working on. If it is opportunity then buying in at .10 or even .25 doesn't matter for a company going to $5. But pump and dumps at .03 hoping to the big one are on the board 100 to 1 to the opportunities.
Be careful.
Soemone mentioned a lot of shares for a float of 8 million. So true, unless one of the brokerage firms have now decided to short. As you see bid moved on 100 shares and then asks sold into of 94,000, it is not a good sign.
We'll see what happens. A lot of share where pick up under .014 so I could see those being unload here for a quick a double.
Did a little DD. I like IFHR's new website, but not sure there is really any value here. Seems to be the company is one person who now has a lot of stock. It's positive that they are reporting again, but no income and no working capital to start up anything. IMHO, this company is trying to raise awareness and the price of the stock so they can raise capital.
Small float, so if they do it right, they could bring this up into the .20's raise some money and reverse split the stock to bring it over $2. OR this is just a pump and dump.
Either way not enough traded at a high enough price to make this worth while to anyone, yet. So I see the stock going higher.
IFHR has been no where for a long time. Any idea how much has been shorted and needs to be bought?