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Zagdad,
I am in total agreement with you on your response to Varok, and with all due respect to him and his post as he is a great asset to this board, I would take it step further in stating that the true float on INXR is currently 200-500 million shares, imho. The stated float from the TA is 1.4 billion shares but through Tradeswapper's face to face with management we know that they hold 500 million shares between them, bringing the free trading float down to 900 million. Just off the top of my head I recall Verylongvinny stating he was holding 85 million shares and if he was being true, which I have no reason to believe he wasn't, that would bring the float down to 815 million shares. Now, I have to believe that we longs on this board are holding anywhere from 300-500 million shares or more, which would leave only a couple of hundred million free trading shares in the float. I beleive that is the reason why we are inching up and if we get some real buying pressure in the near future fueled by a decent PR then watch out, because we could all come into some serious cash holding INXR, imho. Thanks and have a good night.
Gogators,
That is a pretty optimistic price target and I am all for it. We are going to need some pretty significant news over the next few weeks to get INXR there. I beleive that the new MM's we have seen over the past few weeks and today are evidence of INXR getting closer to the OTCBB listing. Good luck and have a great day.
Hello dukedbd,
That's a nice average on those shares. Hold on to them tight as we are getting ready for a nice ride into the pennies, imho. Good luck and have a great day.
Stockfly,
I would love to say yes, but it just doesn't look that way theway the stock is trading. I think Friday's EOD run was people wanting in just in case news hit this morning.
Bizzy,
It is almost like people are waiting for news to hit before buying. That's fine with me, I am already in and I am very patient.
Looks like we are starting to get some action again at the EOD. Only one mm left at .0011 and its UBSS. UBSS and JEFF UT'ed the bid to .001
What we need now is some good, solid news to get this stock some momentum again.
RWRF,
I am using Alphatrade. It is a free 14 day trial and then I will have to pay about $55 bucks for L2 on pinks and OTCBB.
Ubs just UT'ed on the bid to .0011. I just love having L2. Boy, if we start to get some buying pressure it could be a very interesting day. Good luck to all.
Acrazjo,
So you would urge people to sell on a 100% gain to say .002 when a possible OTCBB listing, possible JV with major brokerge houses, and an oncoming media blitz is on the way. Boy, you are a swell guy. Best to let people decide their own exit strategy. If you are willing to sell for hundreds, or if you are lucky thousands, good for you, but I am in this stock for hundreds of thousands. Good luck to you.
Steveochicago,
Sorry about Da Bears, but there is a good chance you will be a winner in INXR this week!
Thanks Bizzy, free account
Acrazjo,
I don't think I would classify INXR as a pump and dump unless I was trying to bash it. It is, without question, a developing company with legitimate business partners and if you are smart enough to hold onto your shares for a couple of months then you will probably do quite well despite your poor analytical skills.
Agreed,
I haven't been able to sleep well at all this weekend. I live in Ft. Lauderdale and I haven't paid any attention to all the SuperBowl goings on here. I am focused on 9:45 Monday morning to see how INXR's Level 2 looks.
Blockman,
You are right, my mistake. So that would be $72 million in revenue for the year X 30% profit margin = $21.6 million divided by 1.5 billion shares = $0.014 "book value" X 20 multiple = $0.28. Now that is more like it. Thanks for pointing that out blockman.
Bizzy,
Let's re-visit your previous post about the number of subscribers to Ifinix's products. Let's use a conservative subscriber number of 100,000 and use the base fee of $60 which gives us revenues of $6 million. Now, let's multiply the $6 million in revenue by an understated profit margin of 30% and you get a figure of .0012. Multiply the "book value" of .0012 for INXR by a conservative multiple of 20 for a software company and you get a share price of $0.024. Personally, I beleive when you factor in emotion and momentum we will be trading much, much higher than this in the not too distant future especially if we are successful in forming a JV with a major brokerage firm that will market our technology to its customers.
Bizzy,
You're right, you didn't state a time frame so my apologies. I do agree with your statement "let's roll." I am holding my shares very tight until at least .05.
Bizzyboy,
Although I am long in this stock and I would love to agree with your assessment of dollars for INXR I think at the present moment it is a little far-fetched. I do think it is possible down the road a bit, say 1-2 years away, but I think the ceiling for INXR in the next 6 months is .25-.50, imho. That is not to say that if we get some incredible news, like a licensing deal with a major brokerage, that we can't rise above .50.
JK21,
So that puts us at 1 billion on the float. That is nothing when you consider the amount of shares we control on this board. Good evidence of how tight the float is is today's EOD run. A little buying pressure comes in and up we go.
Tradeswapper,
Thanks for the update. I am glad to hear you are comfortable with what management has communicated to you. Have a great trip and a safe return.
NITE UT on bid .001.....VNDM UT on ask .0011, finally.
UBSS UT to .0011, VNDM .001...lots of buys coming in 102M in volume @ 15:48
VNDM just won't get out of the way. 2 mm's left at .001 (VNDM and UBSS). Then ABLE at .0011 and NITE at .0012
No action at all going into close....strike that, buys coming in, one mm left at .oo1!
Weck just UT to .0019....I feel a little EOD action coming.
Momo,
That is a good observation, but do you really think he is maintaining an inventory of 250 million shares? I guess even at 150 million it is still good to know that most of the float is locked up in strong hands. Have a great day.
Thanks Tex.
BR & Steve,
How funny is that, for a minute I totally forgot the fact that the stock I am rolling the dice on here is a trading platform. Believe it or not, I am not ususally that much of a bonehead, only on Fridays. LOL. Thanks to you guys for snapping me out of it. Steve, good luck to your Bears this weekend. One of my business partners owns Realtime Sports in Chicago, as well as several other restaurants and catering businesses.
Dwiz,
Thanks, but I meant to ask for real-time level 2
Can anyone recommend a good, cheap L2 provider. I used to use Stockwatch but let my membership expire when I wasn't trading as much. TIA.
Beach,
I would love to but I already unloaded the gun for 875k @ .0009......what does L2 look like if you don't mind me asking.
Is anyone else on the board looking for an afternoon rally? Hoping for an .0011 or higher close with possiblilty of some decent news sometime next week. I am glad I loaded bought some more this morning. Have a great day and enjoy the game this weekend INXR longs!
Trading,
Although I would love to say yes to that thought I think it is highly unlikely. There is a high barrier to entry into the brokerage business between the NASD red tape and all the overhead associated with starting up a firm. A better idea would be to market to the 100s, if not 1000s, of daytrading firms in the US as well as known broker/dealers. I do believe that Spadaro has the relationships within the brokerage community to get the technology in the door at several firms. Have a great night.
Dean77,
Actually I believe they started the process on December 7 with the hiring of the new CFO, perhaps even a bit earlier. In addition, your statement is based on the premise that they have nothing else to report besides the OTCBB listing. While I agree with your logic that the listing will certainly be motivation for the stock to move higher, I don't think it will be the only motivation to increase the share price. There will be the announcement of who the new marketing company they retained is, the airing of commercials on TV, print ads, and possibly online ads. We could also receive announcements of JV's with broker/dealers or that a firm has licensed the technology for their own traders. In the end, I suspect you know all of this and are just trying to obtain cheaper shres by scaring weak hands into selling.
Whatever man,
You are certainly entitled to your opinion but I do believe that if you wait too much longer to buy back in you better lace up those shoes because you are going to be chasing this baby.
Momo,
Great post. You get an Eli's bagel with cream cheese for that one. Just wait until we get some substantive news and then throw all the TA out the window because we will be trading on all momentum at that point. I am just waiting for the news to hit. Have a great night.
Dean77,
I don't understand why you are saying that we might wait until the end of February or March for news. Its possible but no more possible than news say Monday or Tuesday. I think we have enough irons in the fire(new marketing firm retained, progress towards OTCBB listing and audited financials) that they could at least issue one pr a week for the next few weeks. I think we all realize that stocks trading at these levels are news driven rather than technical driven, and although technical analysis is helpful in coming up with an entry or exit point release of substantive pr's is what will drive this stock significantly higher. Not pumping, just stating the facts. Thanks and have a great day.
Trading,
If what you state is true, and I have no reason to believe it isn't, then we are going to be one of the happiest boards on IHUB within a couple of months. Let's see, should we be happier about the stock buyback he referred to in your conversation or the OTCBB listing that apparently is coming a lot sooner than many of us have expected. Either way, a conversation with an executive of a company one owns can go much better than the one you have described. Thanks for the info and have a great night.
Tradeswapper,
I have a free acount but in response to the PM, that is probably a wise operating tactic. I was going to tell you that I get pretty good executions using Schwab. Thanks and have a safe trip.
Tradeswapper, If I may ask who do you use to execute your trades?