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new share info:
COMMON STOCK
$0.0001 Par Value
700,000,000 Class A Common Shares Authorized
636,362,886 Issued and Outstanding
????????? Float
PREFERRED STOCK
$.0001 Par Value
10,000,000 Preferred Shares Authorized
6,570,416 Issued and Outstanding
11/15/10) - iFinix Corp. (Pinksheets:INIX - News) today reported its financial results for the quarter ending September 30th, 2010.
http://finance.yahoo.com/news/iFinix-Corp-Reports-Financial-iw-2737239122.html?x=0&.v=1
did he? great first post in Monk's Den! welcome to Monk's Den.
sorry, wrong info. this filing is related to NewGen BioPharma. my equity feed level2 pulled wrong info to NWGN
some Edgar filing today? Management's Discussion and Analysis or Plan of Operation
Friday, November 12 2010 6:53 AM, EST Item 2. Management's Discussion and Analysis or Plan of Operation Edgar Online "Glimpses "
Overview
The following discussion updates our plan of operation for the next twelve months. It also analyzes our financial condition at September 30, 2010 and compares it to our financial condition at December 31, 2009 . Finally, the discussion summarizes the results of our operations for the three and nine months ended September 30, 2010 and compares those results to the corresponding periods ended September 30, 2009 . This discussion and analysis should be read in conjunction with our audited financial statements for the year ended December 31, 2009 , including footnotes, and the discussion and analysis included in our Form 10-K.
Plan of Operation
Retrospettiva, Inc. (the "Company") was organized under the laws of the State of California in November, 1990. Prior to 2002, our business was to manufacture and import textile products, including both finished garments and fabrics. Our manufacturing facilities and inventories were primarily located in Europe . On July 2, 2001 , we announced that the civil war in Macedonia rendered it impossible to continue operations. We ceased operating and liquidated all of our assets.
On August 2, 2004 , the Company was terminated, by administrative action of the State of California as a result of non-filing of required documents with the State of California . Effective February 15, 2007 , the Company reinstated its charter.
We have updated our affairs and become current in our various reporting obligations. We intend to combine the Company with another entity in a merger, acquisition, or similar transaction and are seeking potential candidates. Our plan is to evaluate prospects, structure a transaction, and ultimately combine with another entity.
On July 22, 2010 , we entered into an Agreement and Plan of Merger with NewGen BioPharma Corporation ("NewGen"). NewGen is a start-up, early stage biopharmaceutical company that plans to develop and market therapeutic products that will generally be reformulations of existing active pharmaceutical ingredients. Completion of the transaction contemplated by the Agreement was subject to a number of contractual closing conditions. Those conditions were not satisfied and the Agreement was terminated.
We are unable, at this time, to predict when, if ever, our objectives will be achieved.
Liquidity and Capital Resources
As of September 30, 2010 , we had a working capital deficit of $(195,409) . We had no current assets and current liabilities of $195,409 . This represents a $26,646 increase in the deficit from the working capital deficit of $(168,763) at December 31, 2009 . During the nine months ended September 30, 2010 , our working capital deficit increased because of costs incurred to revive our business and to meet the ongoing reporting requirements for a public company. These costs were funded by an increase in current liabilities.
We will need additional funding to achieve our ultimate goals. We do not believe we are a candidate for conventional debt financing and in the past we have relied on loans and advances from stockholders to fund our operations; however we have no guarantee that our stockholders will be willing and able to fund all of our future financing needs.
12 --------------------------------------------------------------------------------
We entered into a note payable agreement with one of our stockholders effective July 2, 2007 . The note provides for borrowings up to the principal amount of $64,871 , is uncollateralized, and bears interest at an annual rate of 8%. The original due date of June 30, 2008 has been modified, and the current terms of the note require it to be repaid upon demand. We issued 945,987 shares of our common stock as additional consideration for the loan agreement.
On November 14, 2007 , we entered into a loan agreement with our President and a stockholder. The principal maximum amount that can be borrowed is $133,333 . The note is due on demand, is uncollateralized, bears interest at 8% per annum, and is convertible into restricted common stock at $0.10 per share. We issued 10,000,000 shares of common stock as additional consideration for the note payable. As of September 30, 2010 , we had borrowed $86,809 under this arrangement and the amount available for future borrowings was $46,524 .
Our President previously advanced funds to us to meet our working capital needs. As of September 30, 2010 , we owe our President $6,934 for advances which are uncollateralized, non-interest bearing and due on demand. During the nine months ended September 30, 2010 , we incurred other obligations and liabilities which are reflected in the accompanying balance sheet as accounts payable and accrued expenses.
Net cash used in operating activities was $16,668 during the first nine months of 2010 compared to cash used of $9,115 during the nine months ended September 30, 2009 . For both periods, all of our cash needs were funded by related parties.
Results of Operations - Three Months Ended September 30, 2010 Compared to the Three Months Ended September 30, 2009
We are considered a development stage company for accounting purposes, since we are working to revive the Company and to implement our plan of operations. We are unable to predict with any degree of accuracy when this classification will change. We expect to incur losses until such time, if ever, we begin generating revenue from operations.
For the three months ended September 30, 2010 , we recorded a net loss of $(6,350) , or $nil per share, compared to a loss for the corresponding period of 2009 of $(6,237) or $nil per share. In neither period did we report any revenue.
Operating expenses decreased to $3,245 for the three months ended September 30, 2010 compared to $3,490 during the comparable period of 2009. All of our operating expenses are incurred in connection with activities to meet current reporting requirements for a public company and there was no material change in the nature or extent of those activities.
During the three months ended September 30, 2010 , we incurred interest expense of $2,905 related to the notes payable to stockholders, compared to $2,547 for the three months ended September 30, 2009 . Interest expense increased as the note balances increased from $126,274 reported at September 30, 2009 to $151,680 at September 30, 2010 .
Results of Operations - Nine Months Ended September 30, 2010 Compared to the Nine Months Ended September 30, 2009
We are considered a development stage company for accounting purposes, since we are working to revive the Company and to implement our plan of operations. We are unable to predict with any degree of accuracy when this classification will change. We expect to incur losses until such time, if ever, we begin generating revenue from operations.
13 --------------------------------------------------------------------------------
For the nine months ended September 30, 2010 , we recorded a net loss of $(26,646) , or $nil per share, compared to a loss for the corresponding period of 2009 of $(21,063) or $nil per share. In neither period did we report any revenue.
Operating expenses increased to $17,617 for the nine months ended September 30, 2010 compared to $13,080 during the comparable period of 2009. All of our operating expenses are incurred in connection with activities to meet current reporting requirements for a public company and there was no material change in the nature or extent of those activities.
During the nine months ended September 30, 2010 , we incurred interest expense of $8,429 related to the notes payable to stockholders, compared to $7,383 for the nine months ended September 30, 2009 . Interest expense increased as the note balances increased from $126,274 reported at September 30, 2009 to $151,680 at September 30, 2010 .
Forward-Looking Statements
This Form 10-Q contains or incorporates by reference "forward-looking statements," as that term is used in federal securities laws, about our financial condition, results of operations and business. These statements include, among others:
- statements concerning the benefits that we expect will result from our business activities and results of business development that we contemplate or have completed, such as increased revenues; and
- statements of our expectations, beliefs, future plans and strategies, anticipated developments and other matters that are not historical facts.
These statements may be made expressly in this document or may be incorporated by reference to other documents that we will file with the SEC . You can find many of these statements by looking for words such as "believes," "expects," "anticipates," "estimates" or similar expressions used in this report or incorporated by reference in this report.
These forward-looking statements are subject to numerous assumptions, risks and uncertainties that may cause our actual results to be materially different from any future results expressed or implied in those statements. Because the statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied. We caution you not to put undue reliance on these statements, which speak only as of the date of this report. Further, the information contained in this document or incorporated herein by reference is a statement of our present intention and is based on present facts and assumptions, and may change at any time and without notice, based on changes in such facts or assumptions.
Paul need not do anything. the developer who developed the website can change the webservers, its just 2 minutes work.
it looks like Paul/Ben do not know which direction we will go in future. what the company name would be? is it bioharp inc or xtend medical? it all may depend on the manufacturing and/or financial partner we are going to have.
http://bioharpunius.com/ is still up and running. this domain is owned by Paul. what stops him to kill or redirect this site?
i have full confidence on EIGH that it will come clean. just in case if it ever fails and goes to grey and trades at subpenny, i will happily take the losses and move on rather giving up to the naked short sellers.
8.7m vol today, ihub trades lists all under sells!!
someone saw this undervalued stock and started buying which is what creating this spike in pps. any credible news from the company, this will sure trade in dollors, very thin and good company.
i am one of the big holder is EIGH. I dont see my shares either. I have shares in my fidelity regular and ROTH IRA accounts and i don't see both of them in the EIGH newsletter list.
MODT is on fire today. any news?
nice works Darwin. Sure this website is a good thing to start with. Investors should understand that Paul needs time to do things one by one.
http://bioharpunius.com/ is still up and running. Paul should take that down.
nice news
0.0149 just printed
thanks for the clarification X. what the capital will be launched? any idea?
well said husker. my only concern here is SEC trying to bailout the brokerages. they usually doesn't care about the pink sheet investors and do not want the brokerages go bankrupt on pink sheet short squeeze. let's wait and see what they gonna do in our case.
i will wait and deposit my certificate with ifinix trader. other brokers will use these shares to short inix.
Great share structure, CEO with great contacts and recent name change. what else we are waiting for? just need a filing and/or a PR announcing a merger!!!!!!
send an email request to enquiries@8000inc.net
the company send a one to you.
i don't see my shares in the newsletter. i bought it through scottrade and later transferred the account to fidelity.
over 1 hour and no trade, pps holding at 0.05
This is HUGE, if we are going to be part of this team:
http://www.fortunenest.com/our-team
click the above link and scroll down all the way for our CEO "Mr. Alex Lightman"
so going by this logic the share structure would be:
AS 975M
OS 599,777,441
F 42m
which doesn't need an RS when the Merger is done
pinksheets old info, Float is 75m
http://www.otcmarkets.com/stock/IMEN/company-info
public float for a total of 75m shares. Of these shares, approximately 54.3% (ie 42m shares tradable float) of our shares are owned by our officers, directors or other “affiliates.”
now AS increased to 975m as per SOS filing. so the tradable float now is 42*100/975=4.3% which is what mentioned in the fidelity insider ownership info.
click the "Ownership & Insiders" link on the left:
http://eresearch.fidelity.com/eresearch/goto/evaluate/snapshot.jhtml?symbols=IMEN&rsrch=gqb
0.0016 now. fidelity shows insider ownership as 95.8%
Tuesday, November 02 2010 12:15 PM, EST 8000inc (EIGH.pk) Catches up with the on-line ordering Back-log PR Newswire "Press Releases US - English "
MANASSAS, VA , Nov. 2 /PRNewswire/ - 8000inc announced today that the back-log created due to a technical error in the on-line ordering system has been remedied and all received orders are being processed. The company apologizes for the glitch and will compensate all customers. We ask that customers are patient as we clarify and confirm their orders prior to shipping.
The Limegrove the Center itself does not open as publicized until 15th December. The 8000inc store is ahead of this schedule and will be fully operational for the launch when all construction work at the Center is completed and not affecting the Flagship store.
In line with the company's intentions, the corporate structure, including local business entities and trading facilities is completed and the recruitment of the executive team and workforce has begun. The full years funding of the entire Barbados operations has been allocated and drawn down. Full marketing and promotional activities have been employed and announcements will follow closer to the 15th December 2010 . This restructuring has been agreed in principle with a private equity group, focussing solely on achieving the requirements and corporate positioning for exchange progression. The mechanisms to achieve this have previously been announced publicly and are currently being employed running alongside the day to day business of 8000inc.
Thomas Kelly , CEO 8000inc stated," the most satisfying thing for any business is to see in the face of adversity the continuation and delivery of a successful plan. In spite of the negativity faced and stock market obstacles, the business is accelerating its progression, it is delivering and it is selling its product. That is all I can ask."
This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. The words "estimate," "project," "intends," "expects," "believes," and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbour" provisions of the Private Securities Litigation Reform Act of 1995. For a more complete description of these and other risk factors that may affect the future performance of 8000 Inc. see "Risk Factors" in the Company's Annual Report on Form 10-KSB and its other filings with the Securities and Exchange Commission . Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made and the Company undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.
SOURCE 8000inc
early in quarter 4.......... better before thanksgiving?
its some kind of "credit available" which is held with the lender/bank and not drawn out yet. how can it become a part of the current asset in the company's balance sheet?
i could see the news in my equity feed also. "finalizes plan" means should have tentative launch date at least....
WHEN launching????????
this one is alive, some MM is active on this one and buying at bid, may be going to come out of BK soon. very low OS and float and there is every chance the commons will survive post BK
this is against the YTD historic volume as per ihub 323m out of which NITE alone 212m, so it's sure NITE has short positions.
going by these filing details, it looks so and is expected. Paul needs capital to fund operations and the only way out is using shares. lucky he didn't RS to achieve that, instead he increased the AS.
http://www.xtendmedical.com was the original name/website before bioharp merger, after which it used to redirect to bioharpunius.com. now it no more redirects to bioharpunius.com and simply displays the "coming soon".
http://xtendmedical.com/
so going forward we remain xtend medical, not bioharpunius? and bioharp is will be one of the products and services xtend medical offers?
its up again (old site)!
http://bioharpunius.com/Home_Page.php
first thing, we need a great website with a demo of the working bioharp