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.
Second quarter is already over. Now in Q3.
I see. I should have removed that post as off topic however I did not see it until after it was 48 hours old.
Why do you keep saying he met with Ben. He has never said he met with Ben.
Better than dilution. LOL
Excellent post.
At this price, hard to go lower. If Q2 financials show a profit or increased revenue with near profits, I think the pps will go higher. If you get more at 0002 and it runs to 0006, you made a nice little profit there. If Ben follows through with uplisting INIX to the OTCBB, then the pps should go much higher, IMO.
It will probable take a week or two to receive and return the shares to the company's treasury. Once that happens, the Transfer Agent will be able to reduce the OS by 250 million shares.
Ben said during the CC that the 250 million shares issued for the acquisition will be returned to the company's treasury which means they will be removed from the Outstanding Shares.
Uplisting to the BB would not be too hard or expensive. At least not like trying to uplist to the AMEX or a higher exchange.
He did not say he had 3 billion issued. He said he does not want to issue them.
I will call the TA tomorrow and get the current OS.
Revenues up 30% for the year is good.
It is possible members submitted the question about his salary.
iFinix will get back all of the shares issued.
Perhaps, it goes up and does not go back down. Depends on what is put out. I'm waiting for Q2 financials. I think Q2 fins will tell us a lot.
According to the PR, there will no questions asked by callers. The questions will be submitted and the company will respond to them. Most likely, it is being done that way to prevent some jerk from keeping his cell phone mic keyed or from cussing out the Board.
At least the company is holding the call. We might not find out much that causes the sp to increase, but at least the company can update shareholders on where things stand. If iFinix Futures' revenue are projected to increase again in Q2 then that would be very good news.
I wish the Q2 financials were due out in July rather than August as I am curious to see if the $3million in assets are added to the balance sheet.
Prior to the Q1 conference call, INIX was trading at .0002 and after the call the share price ran to .0012 before dropping again. I wonder if that will happen again this time.
iFinix Schedules Quarterly Conference Call
PLAINVIEW, NY--(Marketwire - Jun 28, 2011) - iFinix Corp (PINKSHEETS: INIX), a provider of real-time financial information and services to active traders and to the securities industry, today provides details of the scheduled quarterly conference call.
The conference call is scheduled for Thursday, June 30th, 2011, details are below:
Date: Thursday, June 30th, 2011
Time: 4:05 PM EDT
Info: Dial (712) 432-1001, then enter access code number 450767444, then press #
Investors are requested to submit their questions to the company in advance to contact@ifinix.com or visit www.ifinix.com, before 11:00 AM EDT, June 30th. Questions will be reviewed and selected for use during the call.
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.ifinixsoftware.com, www.proactivefutures.com, www.ifinixforex.com.
Legal Notice Regarding Forward-Looking Statements:
Safe Harbor: This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of iFinix Corporation to be materially different from the statements made herein.
Since end of Q2 is Thursday, I hope iFinix releases conference call PR early enough to give shareholders time to plan for the call. It should be a lively one.
I submitted 24 questions to iFinix.
I am guessing it will be held on Thursday since it is the last day of the quarter. Ben would miss his stated goal of holding a conference call each quarter if he waits until Friday.
I just cannot fathom the company merging with a bank, unless the bank is buying iFinix. That one PR said they were in discussions with a software development firm, which makes more sense to me than a gold mine. LOL Anything positive to take away from the call will be nice however until the dilution stops, I can't see much improvement in the sp.
I believe there will be a conference call next week. Mushroom is a good analogy.
I'm looking forward to the conference call next week. It should be interesting to say the least.
WooooHoooo up 100%! Go INIX!!!
Could be a partial fill of a larger order. Maybe the .0001s are thin, at the moment, and it will take a while to fill.
Conference call should happen next week. Ben will need to wear a kevlar vest because he is going to get shelled. I hope there are many tough questions asked and that the company answers all of them candidly.
Did anyone pick up any of the 0001s?
Last year, I believe the Q2 fins were released in July. You could be correct, it might be August 15th.
The Q2 fins should be out on/before July 15th.
The end of quarter conference call should be held by the end of this month. I would prefer iFinix announce and hold the conference call this week and not keep shareholders waiting.
Bob, I didn't say I was happy about it. I am trying to average down so if and when INIX goes back up, I don't have to wait for pennyland to break even. I would much prefer INIX still be in pennyland than at .0002
I placed an order to buy another 1.5 million to keep on averaging down. Last year, in January, the buy would have cost me over $45,000 but today it only cost me $450.
If the Q2 fins show iFinix is profitable, then I don't think the OS matters. If iFinix obtains its financing and can stop issuing shares for cash, then it will be a rare pinky that is making money. At a minimum, INIX is worth the risk of flipping from .0002 to .0006 range.
If iFinix can have back-to-back financials showing a profit, then I think all bets are off and the pps moves much higher. Consecutive profitable financials would the the catalyst to move it out of this range.
I've been here for four years and I can wait. If the DTCC issue gets resolved soon, the Q2 fins show the $3 million in new assets along with a decent profit, then I believe INIX will hit .001 again.
A 20%+ gain in revenue is unheard of in this economy, if iFinix can continue making that kind of revenue gains, then the company will be fine. All IMO of course.
Wow! Someone just made $2
Even with the dilution, if the quarterly fins start showing a profit, the pps will go up. There are very few pinksheet companies that actually have a product, much less revenue and profitability. The company has needed to issue Rule 504 to raise cash for operations.
It sucks for the shareholders but its a necessity to continue operations until revenue overtake expenses. Once iFinix obtains financing, there will be no need to issue shares for cash. If profitability occurs and revenue continues to increase, I do believe the pps will go back above .002.
The corporate officers are not being paid salary, it is being accrued. Legal requirements mandate that corporate officers of publicly traded companies receive fair compensation. It is a required entry on the financials. However, he has stated that he is not receiving salary. During the next shareholder conference call at the end of this month, ask him and he will tell you.
I still believe the company will become profitable and continue to reduce its debt. If the consecutive quarterly financials start reflecting a profit [and much more than $134] rather than a loss, investor confidence will increase and IMO so will the pps.
Based on revenue increase and reduced debt, I want to see Q2 fins in July. Who knows, iFinix could post a nice gain for the quarter. If so, that could be the catalyst that starts a turn around.
The float and OS are not 3 billion.
I'm not really sure what Doug Spadaro does for iFinix these days. I know in the past he provided a lot of personal capital to iFinix before Dhru screwed everyone over. I do not believe Doug is responsible for the mess the company is in today. I believe the decisions have been made by Ben and the company will ultimately succeed or fail based on his decisions.
I am going to make a guess that the DTCC issue will be cleared up within three weeks.