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JK21,
Its a he. Yesterday he was showing .10 on the ask. what a difference a day makes. Have a great day.
As quick as it appears, they drop it back down. No worries, I think we all know the momo is back and this is going up in the near future. I would like to see a close of .001 even if it is on a paint job. Have a great day.
JK21,
Let's see if we can get another bid UT to .0009 by the end of the day. They will probably mirror us into the close. It will be an extremenly bullish sign if we close at .001 as it would signal to many momo players that INXR is back in the game. Have a great day.
We just got our bid UT now we need to hit the .0009's and .001's into the close. From the looks of level two I believe the MM's are setting us up to close the week at .0012 or better. We shall see.
Lucky,
Thanks for hitting the ask. If I had ammo I would be doing it to. If it stays under a penny for the next month I will be fully loaded to the tune of $50-$100k and I am considering putting a nice sized chunk of that right here in the next great trading platform. Get your shares now because in a month I am going to want them all, lol. Have a great day and thanks again for hitting the ask.
Mimurray,
Agreed. Buy at the ask to secure your shares and boost the share price. I have bought millions of shares at the ask and the current share price is slightly below my average cost but I still feel very comfortable with my position. We could get hit with news any day and I don't think someone would want to get caught chasing an exploding share price because they were waiting to pick up shares at the bid. Buy at the ask and have a great day.
Navvin1,
He moved down because someone here stated they had a 2 million share order at .0008. We have to buy at the ask or the MM's will just adjust it to get volume. If we want to move up buy at the ask. Thanks and have a great day.
Verylong,
Hold them tight as we are hopefully on the precipice of a very substantial move to the upside. As Tradeswapper previously stated, if we all decide not to sell for a quick 100%-200% percent gain and we hold for the full story to unfold here then we just may experience a life changing event. I have to tend to other business today so good luck to everyone and I will check in later this afternoon. Have a great day.
Ciaobaby,
Well buddy, it looks like you are going to have to pump it to a few more friends and clients, jk. I have been trying to pump it to my family, especially my OTCBB MM sister, but she has never bought a penny stock in her personal account, only trades them for the firm. What does that tell you. My friends only buy Nasdaq or NYSE stocks and if this baby doesn't come through for me I may have to go to penny players anonymous or my future wife is going to leave me, lol. Have a great night man and thanks for your efforts to spread the word and support the share price.
Klusser,
That's good to hear but how about changing those orders to 5 million at .0008 and 5 million at .0009....with a little follow through I believe we can ge to .001 tomorrow, especially on this light volume. Thanks and have a great day.
Lisa,
Let's hope so. I feel that if we were to get news in the next few days regarding the product launch we could really be in for a dramatic rise north as all the flippers would rush to get back in. Then with follow up news such as the airing of TV ads or a brokerage deal we could break into the pennies. Have a great night.
JK21,
It is nice to know that with even a little bit of buying pressure the stock will move up. Perhaps the float is in the strong hands that we all suspected it was in over a month ago. The coming days and weeks will tell the story. Have a great night.
Todd,
If it was you who hit the ask......thank you......now please do it again, lol. Have a great day
JK21,
I wish I could help out our cause buddy, but I am tapped. It would be nice if someone would step up and hit UBSS at .0008....could be smooth sailing to over .001 as the sk is very thin. I guess we will see.
JK21,
Now we need some people with ammo to hit those .0008's. Perhaps UBSS's seller is done.
Somebody just made a nice purchase of 7 million shares @ .0007. We need a few more of those and then we get our uptick.
Sinister Minister,
If I had more expendable cash I would be buying boatloads of shares but unfortunately I am tapped out for at least another month. After that, I will be fully loaded and could acquire a very substantial portion of the float if it remains below .001. Good luck on your purchases and have a great day.
Well INXR'ers let's look at the bright side of this extended period of silence by the company, when they finally do announce the product launch they should have a steady string of follow-up news as I am sure they have been working to finalize deals with brokerage firms, finishing up the audit, and preparing to file for the uplisting while we have been waiting. Let's hope this acts like an uncorked bottle of champagne once they're ready to release the news. Have a great day.
Rasica,
Let's hope it is the perfect storm. Thanks and have a great day.
I am going to go out on a limb today and say that, as it seems the selling has dried up over the last few days, we will get an uptick today on the ask and may even close at .0007 or above. We need to break this downtrend and start a new one in the opposite direction. Have a great day all.
With a Chairman of the Board and many employees of Indian descent I hope that Ifinix is looking to partner with an Indian brokerage, as well as American brokerage firms, in order to capitalize on the huge opportunity the Indian stock market will present for our technology in the next few years.
$5 Trillion Equity Market Is in India's Reach: Andy Mukherjee
By Andy Mukherjee
April 17 (Bloomberg) -- The next few months will set the tone for the growth of Indian financial markets in years to come.
If India can make a successful beginning with the proposed modernization of its pension industry, the market value of domestic stocks may well exceed $5 trillion in 2020, higher than that of Japan's equities today.
That prediction is based on back-of-the-envelope calculations, taking into account the impact that old-age savings appear to have had on stock markets elsewhere in the world.
According to Helene Poirson, an economist at the International Monetary Fund, equity markets in the Group of Seven industrialized nations grew the equivalent of 40 percentage points of gross domestic product from 1980 to 1998, led by an increase in pension assets.
Chile, too, witnessed a similar strong correlation between retirement savings and market value.
There's no reason the script should play out any differently in India. The size of the retirement market as a ratio of GDP is only a 10th as big as in Singapore, Japan and Malaysia, and a quarter as large as in Hong Kong, according to HSBC Holdings Plc.
Assuming that India's $822 billion economy grows 8 percent a year with 5 percent inflation, a $5 trillion stock-market should be within India's reach in slightly more than a decade; as much as a fifth of it may be associated with larger flows of retirement funds into equities.
In July, India will take a small yet significant step in this direction.
Political Impasse
The task of ensuring old-age security for all federal government employees who joined after January 2004 will be handed over to three asset-management companies.
The managers will be able to invest 5 percent of the money in equities and 10 percent in equity-linked mutual funds, D. Swarup, chairman of India's Pension Fund Regulatory and Development Authority, said in New Delhi last week.
The political consensus for a fuller liberalization of the pension industry still eludes.
The legislation that will see all workers building nest eggs through 401(k)-type personal, portable accounts has been stuck in parliament for more than two years because of staunch opposition from trade unions and the government's Marxist backers. No one expects the impasse to end soon.
That's because the left-wing parties and unions want every civil servant to continue to receive a guaranteed pension equal to half of their last-drawn pay. Never mind that these ``defined- benefit'' plans have been shown to be veritable time bombs for fiscal sustainability.
By 2010, the annual budgetary outlay on government pensions in India will amount to 1.8 percent of GDP, or double what the government spends on health care.
Baby Step
So why should investors care about 500,000 ``new'' public servants migrating to an actively managed ``defined- contribution'' retirement plan from July?
That isn't exactly critical mass in a country where the government alone has 17 million employees and the workforce is 400-million strong.
Besides, to begin with, pension-fund managers will be selected from within the state-run financial industry. Limited competition raises the specter of high fund-management fees and diminished returns for retirees.
Yet, for all its timidity, it's a step in the right direction. Ajay Shah, a former consultant to the Indian Finance Ministry, says India should move to a partially deregulated pension management industry within the ambit of the existing regulatory framework, rather than wait for the passage of a compromised pension-fund bill.
Surging Demand
Surveys have pointed to strong demand in India for long-term retirement products.
Public servants who joined before 1984 have their guaranteed pensions. The hundreds of millions of workers toiling in the informal or unorganized economy have nothing at all.
Stuck in between are the 40 million employees working in the non-state formal economy whose mandatory savings go to the state- run Employment Provident Fund, a defined-contribution plan that shuns equity and invests most of its money in sedate ``special'' government securities. It's simply not a vehicle for providing meaningful, old-age security to anyone.
As income levels in India rise, people will increasingly look for investment options that marry present-day tax savings with serious long-term wealth creation. The urban affluent should be the logical target in expanding the scope of the new pension plan, which aims to offer -- to those who have the appetite for risk -- a maximum of 50 percent exposure to stocks.
Financial Markets
What will all this mean for Indian equities?
By the late 1990s, much of the regulatory work in improving the efficiency and integrity of the stock market in India was complete. Yet, ``it is only since 2003, when the GDP started growing at its current pace, that the large global investors became interested and poured money into it,'' says a new report by Standard & Poor's.
Growing overseas interest is only part of the equation. What's still missing from the Indian equity market, as UTI Mutual Fund's chief investment officer, A.K. Sridhar, told me late last year, is long-term domestic money. That's where retirement funds will play a big role.
The quest for old-age security has the power to deepen Indian equity markets. How the government goes about opening the industry in the next few months and years will be crucial.
(Andy Mukherjee is a Bloomberg News columnist. The opinions expressed are his own.)
From the looks of trading early on it is shaping up like another day absent news where the MM's downtick until the last half hour when we have to paint to close even or down a tick. Pretty discouraging. I just don't get why management would publicly state that they are aligning themselves with shareholder interests and that they re going to communicate more often if this is what they intended to do. I had no interest in watching the share price erode by more than 50% or to watch the internet ads for the last month and a half state coming soon. Sorry guys, just a little venting but still holding strong. I guess I will go back to getting some real work done. Have a great day.
Tex,
I hope you are right. I am a Mercedes man myself but I too will be looking into purchasing some luxury items once INXR takes off. Have a great night.
Stefan9,
I agree with you 100% on that post, although I don't know how similar INXR trading has been to ETIM since I haven't followed ETIM. I too am very surprised management has run the internet ads so long without the product release. At one point several weeks ago we had an extremely captive audience salivating for the product release. Had the product been released at that time I believe we would be trading at least in the range of what ETIM is trading now, if not much higher. I understand that problems sometimes arise but management should not have built up the hype about the product launch until they knew the product was ready. I still believe that we will do well owning INXR once the product is released, but the delay has damaged the company's credibility somewhat even if only temporarily. That being said I hope we get the announcement of the product launch as well as other corporate developments shortly. Thanks and have a great night.
Bra1log,
I believe management can help greatly in this by just putting out some type of update. Call it fluff or whatever you want, but when the ads and website state that release of the product is "coming soon" and "imminent" for at least a month and a half then investors start to feel they are in no man's land. That is not a good feeling especially when in the weeks leading up to this point management has put out a steady stream of updates, on average of one update a week. It pains me to say it but until management releases some significant news our investor base will continue to erode along with the share price. As I am writing this say goodbye to the .0007's. What a shame.
Qtipjoe,
I didn't say anything about a "fluffy" PR. That would be a legitimate company update explaining why the release has been delayed especially when the web site has stated the release is "imminent" for the last two months. Two months is not my idea of imminent. Then again, I guess we could all just wait for your foot to start hurting again. Have a great day.
JK21,
Nope still here. I had to go to the Dominican Republic on a business trip all of last week. Got back on Saturday. It was perfect timing as the general atmosphere of the board was starting to get to me. My opinion of the low volume is just a lack of buying interest and the drop in share price is due to a large seller. In my opinion, it is someone who was granted restricted shares and the restricttion has now been lifted. E-mail me at he address listed on my profile and I will get into it further. Have a great day.
Ickyy,
I would hope so. If not i believe we are going to see the continued erosion of the share price. So much for management communicating with us on a more "regular basis" as they stated in one of their recent pr's. They need to put some type of update out this week even if it states they are still working out the final "bugs" before release. Have a great day.
Its a shame how quickly this board turned into a garbage dump for wannabe flippers. Time for a break from the non-sense. See you all after the trsh gets taken out, i.e. PR of the product launch.
When UBS bought out Schwab Capital Markets at the end of 2004 I took the buyout and moved to Florida. Perhaps I wasn't as clear as I should have been but I thought it was obvious I was posting in the past tense. Sorry for the confusion.
So why are you still here?
Momo,
Great post. Good to see you are still holding. Have a great night.
You writing a personal opinion as confirmed is not a wording error. It is deliberately misleading. I am dropping it so please don't respond to this post. Have a great night.
Duelittle2,
I am not going to beat you up but don't post things like "confirmed" when the only thing that was confirmed is that you have an opinion of the action like everyone else. I will not stand by and allow anyone to post something as fact that is clearly no fact. Especially when there are undertones of deception within the post.
EZcash,
Please don't lecture me on the same day you stated on this board you sold for a loss. I grew up in the NYC area and have been trading pennies for 14 years since the age of 18, and in addition to being employed for 5 years on the floor of the NY stock exchange for Schwab Capital Markets who is now UBSS, I also have a MM as a sister who trades an OTCBB/Pink list. As you can see I am okay in the advice area. Thanks guy. Oh and by the way, I see that you post on the NWOG board on occasion, just a little advice for you, that ship sailed long ago, like last spring when I sold out of it at $1.15 when I bought at $.12. Just trying to save you two consecutive losers. Have a great night.
EDIT: I forgot to mention I made over $100K on NDOL just for a little more validation.
Duelittle2,
Your telling us that in your opinion it is confirmed that there is dilution going on but yet you state the IR person told you to go to the FCC website to view the share structure. I wouldn't take the opinion of someone who doesn't know that it wouldn't be the FCC website, but rather the SEC website, as truth. When you bash, make sure you know what the proper acronyms are. Better luck next time.
Why would the company dilute before the product launch while the share price is down here. In addition, the CEO has stated that they have enough cash to get them through 2007 and they may eventually consider a buy-back. Come on guys, smarten up, as another poster has stated here the MM's are "gods" in the pinks and for the most part on the OTCBB. They will play with this until we get substantial news and then they will let it run because they will have covered and gone long. That is how they play the game. Have a great night.
EZcash67,
I take delight in telling you that once the launch of the product is announced you and all the other flippers will be left in the dust. Remember charts don't take into account news. Sorry.
Duelittle2,
Agreed, I am not sorry to see all the flippers and weak hands go and if this is what it took to shake them out then so be it. I still believe it is UBSS covering seeing as though he has been on the bid and the ask throughout this whole decline. Have a great day.
Fivestar,
Come on, you don't really believe that buying volume was anemic. 30 million shares at the ask by noon and that is anemic. Selling volume is anemic, not buying. This is total manipulation and anyone who sees it other than that is aiding UBSS in his work to cover. Like I said earlier, look how easily they DT. It's a joke, unfortunately newbies and weak hands fall prey to their dirty tricks. Have a great day.