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I want more than a pop to .0011 like some. I have added during the week and see much bigger potential for the stock than a quick flip. This has been a very solid consolidation. Best thing about today so far is it is resoundingly on the buy side. Even on the highest volume days you have to account for weighting between buys and sells. But today, wherever the fills most of the fills are coming from, has been almost entirely buying on the sixes or the uptick. We have a great base. I want another base at .001 or so too.
An advance warning: If at any time the Ask moves up another point and the bid does not go up along with it then the widening spread points to I've already explained. Much activity will continue to go on between the spread and it will indicate the MMs desire to accumulate shares or keep it down to cover their prior short fills.
Yeah I know all about the advertising industry and I don't expect Saatchi or Olgivy & Mather on this issue. But in the meantime you could go stroll through the Saatchi collection at the Tate Modern.
If that is the case you are probably right. What people probably did not like about your posts is the vague reasoning about holding brochures in their hands or something like that. If you really did know about the kind of promotional services they are hiring that would be interesting, but you did not give that impression. If they do what you described then it will be very good though.
Steady leads to the best gains. Basing at .001 then .0015 then .002 then .003 would be ideal. That would be a super platform to take a run at a penny. It is impossible to get perfection but that would allow for solid support at various steps higher and would be a good thing if something like that happened. If this based higher consistently over time then the ability to really move later becomes more enhanced not lessened.
Opening today has different flavor. Most big sellers have sold and most buyers are still camping out on the masked six bid. This can be a fulcrum point on the see saw where people wait and have to decide if they need to start going to the ask to get shares or try and catch them at six. When you consolidation and then volume slows down for a spell that usually is the stage before buying starts to make higher bids and the stock moves off the newly built base.
Most excellent comments Jack. Yes, you understand. I know about Hudson. They are very much traders and I know they in particular have had women running their trading desk so I think you're probably being genuine. I would only add one thing. Sometimes different market makers end up on opposite sides of the trade and if one goes short too heavily and the others do not, the other market makers will sometimes smell blood and force the run just to get a massive explosion on the rival market makers short covering. They do talk to each some times, but mostly it is a competitive market amongst them and they will only very selectively divulge their positioning with a fellow market maker.
Purchase Roboform and automate your passwords and eliminate the keystrokes entirely.
Continued high volume today with the tightest range yet for the majority of the trades with majority of the volume on the six with considerable forays into the seven and marginal activity below. The high volume effectively rotated more shares into strong hands or MMs as there was no spread offered for intraday flippers to enter and exit during the session.
The buying interest was very strong after the support was established and the range defined. While there was often a very stacked bid on the five, the actual bid fills were being made on the six. This was revealed earlier, with my own empirical data and confirmations from others, that the day operated mostly with a masked bid of six.
This is accumulation activity. The competition to bulk up positions was between any market makers and retailers. Those who bailed often filled the market makers first, retailers second. Most buyers lurked on the sixes to capture the best deal rather than hit the ask which was well done and rational. It actually allowed for the above described negation of a spread and effectively kept out intraday flippers.
This is very good sustained volume. Five business days over quarter billion traded daily. And today's volume was much higher than the prior's day, another good sign. It is good because the amount of shares to be dumped by dumpers or shaky holders who purchased their shares below .0004 is now finite due to the obvious exodus and rotation into other hands the past five days.
The float would be getting more limited and this is when you get a pancaking effect at support. The price gets packed down and those with conviction keep loading while the MMs hold it tight to catch shares. Yes they do accumulate, but they may also need to cover if they sold into the market at higher prices to fill orders without inventory.
You can't have it both ways and claim MMs never build inventory. It is just wrong. Their stated job is to provide liquidity, but their purpose is to make money. They do both and there is often not a net zero share position on their books, but a skew one way or another.
Whether by intention or not there is always a debit or credit position held by the MMs share wise and this assumption is built into any observations of Level 2. Technically, one would think the MMs will want to end their day with a neutral position, but often they carry a short position.
Covering shorts on one hand seems the antithesis of building inventory, but even that demands at some point establishing a floor and rebuilding their position to cover that debit. Done correctly, they sell high, buy back and cover lower.
What gets interesting is when the spread starts to pack and there is continued retail accumulation. This has been in other ways referred to by other postings as the lull after the initial spike before the much bigger move seen in other super subs.
That is exactly when MMs will sometimes try to hold the ask in check because they have not yet reconciled their short sales. And yes, they may want to load up. Therefore, they will try to keep it in a tight range if bid support starts stacking and it is not going any lower. There they catch as many shares as they can from sellers who get frustrated at the stock is not moving up fast enough for their taste. That is how the game is played.
I continued to see this getting stronger, not weaker as a result. Not just volume, but trading behavior often precede price. The real truth is the MMs are traders. Watch them trade for your clues. The way this might condense during accumulation we might get a very tight float because at these prices a couple billion shares is not really huge dollar volume that can't become tightly held by determined shareholders.
That is why said it is a good thing to shed the nervous nellies and flippers. That is what we have been doing while I and evidently many others have added to their positions.
That certainly seems to be happening here and can sometimes result in a better and stronger, longer sustained move up preferably to getting another mini-spike for the flippers to bail into. But if you get a real rock solid foundation on the support and the float, then flipping and buying back often doesn't work because when it goes it is not going back to the flipper's buy-in point. This results in the usual comments of people saying they sold so early.
Riding a winner is often a result of observing the buying strength, not the percentage appreciation alone. This is not to predict the strength of any particular move, but when it is good it is really good and hard to build a large position again without paying many times the dollar amount you would have paid down here.
In those cases, those who understood built their positions with the intention to contribute to that tight float while waiting on the company to deliver good developments. You can't do that when people are daytrading news and the stock is running 50-100% in a day, but you can do that in these interims where loading up cheap is viable.
Yesterday I suggested then this may be the week that those with guts will load and there may not be a better time to do so. It doesn't matter if INXR then unfolds for weeks or months afterwards, in winners there is usually a golden period to accumulate with size that doesn't often happen again.
It does seem to me now that if there is very heavy aggression in attacking the bid now it is more likely a MM tactic to shake loose shares one last time because I think most of the earlier cheap large positions have been sold out and the share supply is lessening. Those retailers still holding from the cheapest entries either get the potential, may have free shares now and are bunkering down for a bigger longer move up.
Yes, we get the OTC listing and those who loaded up here will probably get some kind of rich regardless of the greater virtues of the company itself. The company will determine how great the price appreciation is too, but this is cheap here and the upside potential looks pretty strong.
Thanks Jim and you're welcome
Thanks Varok. FYI, I got filled by VNDM at the moment they dropped down on to the Ask at .0006 and only then. As I suggested earlier, VNDM then went right to the bid at .0005 once they got tapped out at .0006. They probably underestimated the appetite for shares and were surprised and now have to cover and want to do so at .0005 but won't or they simply sold what they had and are now on the bid. The bid is stacked and .0006 bids are not represented or getting any love. I have another order at .0006 growing mold for 45 minutes now and I'm not the only one so if you see trades going through at .0006 they are not likely going to retail buyers but MMs absorbing anyone pricing their sells at .0006 instead of .0005.
Again, my bid at .0006 is being masked. Been there for almost half an hour this time
They are applying for OTC using the same CFO service too.
Phyhealth Engages Audit Firm in Preparation for Application for OTC Bulletin Board Listing
Related Quotes
PHYH Quote Chart Profile
MIAMI--(BUSINESS WIRE)----Physicians Healthcare Management Group, Inc. PHYH · News · Profile announced today that the Company has engaged Salberg & Company, P.A. as its independent registered public accounting firm.
Salberg & Company will audit the company's Fiscal year 2005 and 2006 financial statements necessary for Phyhealth to become an SEC fully-reporting company listed on the OTC Bulletin Board.
"Salberg & Company has extensive accounting and audit expertise working with small and medium-size publicly-held companies," said Robert Trinka, Phyhealth's chairman and chief executive officer. "After evaluating our specialized needs, we determined that Salberg & Company has the right combination of industry knowledge and SEC experience to assist us in meeting the regulatory requirements of the SEC, the NASD, the OTC Bulletin Board and the various health and insurance regulatory agencies."
Salberg & Company provides services to businesses, including auditing, business valuation, accounting, litigation support and business consulting. The company provides financial statement related services to companies such as securities broker/dealers, correspondent mortgage lenders, publicly-held companies and other companies that are required to submit audited financial statements to regulatory agencies or other entities.
About Physicians Healthcare Management Group, Inc.
Nice find. As I conveyed before, the CFO company checks out.
That is pretty amusing. They thought they could tank it by filling anything on the sixes and it didn't work and now they've joined the bid pool. Classic
It was. Some of which were mine. As described earlier.
About Bid Masking. What it often entails is the MM wanting to catch shares using the following logic. In this instance, the bid and ask are currently at .0005 and .0007. I and others have orders in right now at .0006 but they not getting filled and they are not represented on Level 2. But there are sales going through at .0006. Those sales are by retail sellers who don't want to hit the bid and are hoping to get a price between the bid and the ask. They place the orders at .0006 then thinking they might get filled. Those are the shares the MMs are catching in their basket. If the MMs were being up front they would show the bids of the orders at .0006 but they are not. That way they can pretend they have no obligation to fill those orders and collect the shares themselves. That is what they do sometimes and that is what has happened now.
Excuse me, but you just made the error of assuming a statement by misdirection is in fact a valid criticism. Providing Data is not at all equivalent to being a wire release service. It is not a valid statement and I could care less if a company routes through Comtex or Business Wire. I know of fantastic companies that don't even show up on many streamers, but you'll find them on Yahoo Finance. Whom Comtex is contracted by to issue PRs is so not the point.
FYI, Bids at .0006 are being masked. While Level 2 shows .0005 as the highest bids, there are orders sitting at .0006 that are not being shown.
What? Data feeds not faxes.
We'll take your word for it. We will also then assume Comtex would sign an agreement to provide data to something that is not operational. Right? OK. I see.
They are just a flipper like many who do that. He wants to scare people so he can buy them at .0005 and sell them at .0006 or 7. The arrogance and contempt is enough to know they are merely angling for the best trade they can get. Otherwise, they would be off actually looking for a trade on their own merits and not trying to spook people or gloat. It us silliness
The best that can happen is the weak willed who make their decisions based on whether or not there is a webcast or not go ahead and sell. Let cheaper shares fall into stronger hands. It's all good. The jokers who prattle on about it tanking are probably people who just sold and lack the class to allow people to make their own decisions.
Respectfully, I take your reply to be the more theoretical one and not how things do sometimes occur in actuality. There is a big difference between cannot and will not.
Dave, here's an explanation I just gave to someone who messaged me. Figured it might help to post it. They said they were a novice so it is naturally written to assist someone with less experience. Here goes -
Consider the RSI graphically to be from the number 1 on the bottom to 9 at the top. 5 is in the middle and may generically be considered to be a form of neutral. The rough interpretation by many people will typically be that RSI that climbs high above 7 will signal an overbought situation or below 3 as oversold.
But you can get screwed sometimes by overrelying on any one indicator on the daily charts. You can find charts with RSI above 70 for weeks because smart money kept buying and buying because they pretty much knew every share they bought on the rise would be profitable later. That is an example of successfully averaging up. So overbought readings can alternately mean a stock is topping out soon or it is very strong.
Many people play the bounce off the bottom of the RSI and look for stocks to fall below the 3 line and then start to correct back upwards and then they buy in to play the bounce.
The thing is here, when you get weekly indicators you can sometimes grab a better picture of the greater trend that you'll miss if you focus only on what happens today.
And a weekly indicator like RSI on a stock under consolidation can mean in an instance like this that if are consolidating a strong base at say .0007 or .0008 and then we start building to .001 and higher and the RSI is still very low, then you have incredible support underneath a stock with little to no resistance overhead and a potentially huge amount of running time before it becomes overbought on the run upwards.
Good night
Comment on INXR chart. While many will put all of their emphasis on intraday charts and make their decisions thusly, I point you towards the
INXR WEEKLY CHART
Study it. It is pretty amazing. For instance, while looking at the RSI on the dailies may look one way (and not bad at that, just for comparison's sake), the weekly has not even begun to make a big dent in the RSI. It has not even scratch the threes yet even with our stupendous volume.
A top chartist friend of mine has weighed in on this and he says when the weekly RSI on this crosses 3, look out, it should get ballistic. And obviously 3 on the RSI is not even neutral so that leaves an enormous amount of upside to rise into. He said if this makes a strong move through that weekly indicator we should see a penny or much more.
This guy has made some uncanny predictions, but for some like this he has a more elastic time frame than the impatient flippers do. That is why you need to go study some of the best subpenny to penny runs. To one degree or another, there is always an awakening at first, then some natural degree of profit taking. The good ones consolidate and a handful of players like what they see and take large positions. Then the larger crowd starts taking good size to modest positions and it starts to dry up the float.
The essence of that scenario is Rome Wasn't Built in a Day. You want to make bigger bucks than chasing and flipping? Then you need to buy and sit and commit and watch. The whining about news is so not the point at this stage, so get a grip some of you. If you need to be stroked to hold, then sell.
Instead of obsessing over what can the company do for you each and every day, you should be analyzing the action too because it has some earmarks of what could be a very sweet play. I'm sure the company will be well aware of any continued positive action in the stock and you'll get some paydirt along the way, but that alone does not make a true convergence of trading factors that makes a stock go boom.
When my friend first looked at INXR he was impressed by the volume and evident consolidation phase we've entered after such a spike, but it was when he switched to the weeklies that his eyes popped out of his head. What that tells me is the next few days is position taking time and you should have a good window to average in if this does take off afterwards. If we are right and this is a super sub then everyone will do very well regardless of how long you ride it.
If this is a viable scenario then it takes some time to play out. If so, I suggest that is a very good thing. That is a very good problem to have because it allows for solid position taking and wide ranging profit taking opportunities without having to dump all of your shares just because you want to lock in your profits.
Mark my words now then. If this consolidates well much of the remainder the week then you should be able to deduce a number of things. Like I said earlier, the P&D'ers will buy back in. And even more important, the consolidation confirmation implicit in the trading informs the market makers INXR is not collapsing after the pump and they will load up for a big run. From what I've seen I think they may already be doing so, but they will very soon either way if they become convinced. Then they get to make money coming and going. At some point market makers will always sell into a top nakedly, but if that top is in penny land that should hardly concern anyone jockeying for position down here.
In sum, with a little more confirmation, the weekly chart should prognosticate a very large move in this stock and in that case this is probably the last week to really accumulate a major size position at the most affordable cost basis. All the best.
Man, you need to relax. It said he was getting interviewed at 5, not that it was going to broadcast at 5 on the dot so a bunch of nervous penny stock flippers can vote thumbs or thumbs down before they go hit happy hour. It will be uploaded to that website when those responsible for the site have prepped the digital file and profile for uploading and not until then. Worrying about it is the same kind of worry that makes people act like sheep and sell nervously or follow people blindly. I would not be worrying about the time of when it appears on the website. That's a waste of energy.
One thing about InvestSource, like them or not, they have plenty of strings to pull if they latch on to a hot play. They are pretty big promoters and if they are hired to do the basics and that is it they will get paid cash or shares and bank it. But if they get one that is hot they can go the extra mile, get out their rolodexes and do people they know a favor and get the word out further they've got a big runner. With the potential for INXR to run looking solid I'd say then InvestSource can up being a real plus. Not judging them good or bad. They are promoters and it goes with the territory. That this has a big dog promoter can end up being very good. As always, we'll see how it pans out.
Many of them fail because they have no sustained volume that confirms accumulation. The sub-penny gangs often flip in and out of whatever they initiate within three days. They are looking to front run and create enough interest and churn to get out with a profit.
What often happens then is those same dudes who pump something like INXR start to come back and sniff around as soon as they realize they can get back in for even bigger gains than the first go around. So if you see sustained interest for more than three days you often see a new dynamic and even the biggest trader hustlers know they might want to climb back on board.
Round one is the test, round two is consolidation and accumulation and then you get to find out if there is just a round three or it goes the championship distance to 12 rounds and pennies a share.
We've already made it to round two and past the 3 day crash and burn cycle of many of these basement dwellers. With consolidation churning very nicely the entry price will effectively become cheap for any new buyers as we have set a nice base for them to enter on.
Very much so, which is what I am looking for. Building a strong base, continued superb volume coming in, new buyers taking old players, this is what INXR bulls would want. Those who know how this could move simply understand these are the primary trading concerns right now, not whether you get to flip at hundredth of a cent increments the next day. Looks good
Tape readers. Are you noticing many sales going through between the bid and the ask? For instance, bid is .0007 and ask is .0009 and sales go through at .0008. If so, then the plot may be getting thicker. Any observations of this?
verylong, That is a good cost average then. You may be a very happy guy or gal soon. You have to do this in a manner that suits your personality and if you can load up like that then hats off to you. I'm in large and I have the patience to see it through.
Just a few of us around can also lead to bigger positions because we are not afraid to average down if it drops 50% for a bit. Then the float gets pretty tight. The flippers flip before they get flipped and I ignnore the statements about what is hot and what is not.
I don't need instant gratification in a single day or week. Something like INXR can build for a while and it is the very nature of all of that churn that lays the foundation for massive percentage gains. I like our continued volume. It is very positive looking to me regardless of where the price is each minute.
The obvious reason you cannot make very big dollar gains on most of these plays is because you cannot allocate that much capital on crappy little plays or you'll get stuck. So there is a lot of scalping going on at these tables, a thousand here and there,sometimes more.
If you look for big positions being loaded then you may have one that you can load up on too and catch a big run where you can make real money. That's what might happen now with INXR.
You'll see that those first sales were a single large holding bailing and maybe following by others not taking the chances of having their profits evaporate bailing right after. If anything these are the people who sell because they would have only held anyway if the news had created a spike to sell into. Since it didn't they exited. Very easy to read. It is all there in the time and sales and is very obvious. I saw it in real time and knew it was first an individual sell off following by some additional sellers made anxious by the drop. An aggregate of about 10M shares rapidly hit .0009 on the bid and the dip that followed was then heavily corrected by even greater volume of buys at the ask taking it back to the same price. Many more shares hit the buy after that sell. The day may technically represent as red as a whole but there was excellent accumulation on the ask during a greater cumulative time duration than the time spent selling over the course of the day.
The news news news give me new stuff is not what a stock like this is about anymore. Those people flip out and get left behind. There will likely be plenty of valuable news. Meanwhile there is plenty of opportunity to jockey for position if you want to. If not, it is best to follow the lead pumpers to their next thing and keep bailing out of each play and hope you are consistently profitable.
There are many positive variables that can happen here if you put on your thinking cap. Waiting to have it spoon fed to you doesn't get you what you want usually. Developing the disposition to hold for gains is what keeps you in, not a pat on the head.
It is right there in the PR:
http://www.ifinix.com/dnn/Home/IfinixNewsDetails/tabid/111/Default.aspx
He has a splash page for a web site. Nothing special. He is in the SEC filings for his former job as CFO, here is text from one:
Scott Moore, CPA became our Chief Financial Officer on September 11, 2000.
Mr. Moore is responsible for the internal and external financial reporting of
the Company as well as providing financial insights into business operations.
Mr. Moore was previously a partner in the accounting firm of Harper Van Scoik &
Company in Clearwater, Florida for approximately 3 years and served as the
technical review and quality control partner for the accounting and auditing
practice of the firm. Mr. Moore was with the firm for a total of 12 years. Prior
to that time Mr. Moore was a senior accountant with Deloitte Haskins & Sells.
In another it confirms that:
(2) Mr. Moore resigned at the end of his contract in April 2005.
He checks out.
If you legitimately have that many then you probably agree with the thesis of my post I just put up before reading this reply of yours. I believe there will be many positions of size taken here this week and it can be very powerful when it works out well. If this is so then this does not have to happen right now or else. It could really build and build and even go up steps at a time. If we climb a few tenths of a cent with continued stability and the company continues to show promise then you really might see the eruptions because the stock would become tightly held enough to trigger a serious run. Besides, the market makers begin to enjoy the potential of making money by letting it go at that point. They make higher percentages playing the spread the lower the price is. Don't forget that. If they buy at .0008 and sell it to you at .001, they just made 25% handling your trade. Pretty good markup huh? What motivates them to let it run then is real strong belief from witnessing the stocks trading behavior that it can make that run stick and really go high. Then they might even hold on to some shares and step off the ask and not fill orders and let it go. They can always sell it to you then at much higher profit for themselves. If we saw hundred million volume at half a cent that was majority buys then we'd be sustaining and they would be psyched to see this thing go into penny territory. It is a mash up of various factors. We've got some good ground level basis for thinking this could be pretty good stuff.
Thank you. I got the paid membership over 2 months ago I think and I have been only an iHub lurker. I guess I can be motivated to contribute sometimes and I did here because INXR has caught my attention as a play that just might be a very powerful climber. That came from watching the trading and decided this was trading in patterns I've seen before when a sub-penny builds upon its first gains on a solid dollar volume plateau that takes out the early pumpers and hay riders.
Another billion or so in volume the rest of this week and we are looking at a completely new shareholder base averaged in at .0008 to .0012 which is already a radical step in the right direction.
Consolidation can happen at any price, but it is easier for a super sub-penny this low to consolidate a new base hundreds of percent points above the price when a first run began. If you see that what you may get is something different than the 3 day run up and dump. The guys who bought or followed in at .0002 don't give a dang about what happens next. And I don't care about them either. The irony is they may have flipped the switch, but sometimes the story marches on after they turn their lights out and move on to the next hustle. That is just fine with me.
We had them in here, but they are mostly gone already and now you have the fence sitters who don't know if they can hold and could sell from nerves or the rules based subpenny traders who will exit at any moment based on a single technical trigger signal.
I can guarantee you there were hundreds of technical traders who stopped themselves out of some of the biggest subpenny runs in the past and they will probably say that is cool if they made money and followed their rules. But such traders are not the rule themselves, they just follow some rules.
Once those guys are out and you have churned multiples above the starting point you could have a solid shareholder base that holds for more than a double from .001. Some will then take profits too and achieve free shares and you can expect that. And you should set some goals for yourself too if you want to achieve a free share position.
At this point whether we have half a billion in volume is no longer such a big deal because you can see movement on much less as the float tightens up again. I did not mind the dip today. I watched the times and sales and it was easy to see how the market makers would step back and let the person selling their load at .0009 to .0006 hit the bid. Why shouldn't the MMs pull the chair out and test the bid? That's sort of their job right? They tested it and many buys of half a million to 10 million lots came in to buy at the ask on the dip. We printed .0008 I think but the times and sales up to the close were predominatly strong buys at .0009.
Sure, it is a billion and half share OS, but if you keep having days where the profiteers get taken out, then every 10M shares accumulated grows in significant and a cash accumulation and distribution basis. You trade one third of the OS 2 days in a row like we did Friday and Monday and you've already rotated the majority of the key sellers out. Some will tease and suggest the new buyers are bagholders while some of the buyers will have enough confidence to build very big positions and ignore that kind of talk. Its speculative after all, so what.
In situations like these if this stock later goes up to half a cent or to whole pennies, there will have been a number of buyers at current prices who accumulated 50-100M share positions sitting on hugely profitable free share positions worth hundreds of thousands of dollars each. Stocks like IBZT made some people very rich. People familiar with these historically know it happens and may know people who did it.
These guys who load big time and hold considerable amounts have bigger stones than the pumpers who triggered the volume to get this started. But if those guys want to risk $50,000 to $100,000 on a play like this, know that they have probably done it multiple times and they rarely initiate these moves, they look for various story factors and volume and price action before they move in. The subpenny gorillas are the ones you want to see after the content-free pumpers have finished their rah rah routine and bailed.
No offense to those who bought at .0002 and sold at .0008. Congratulations. But I'm talking size. People who really load. The tape definitely shows some of them have arrived and as word gets around we might see plenty more clicks of multi-million plus share buys at current and higher prices. After a while you'll dominate even a billion share stock's float at sub-penny levels so keep watching this for what I'm describing.
Nobody can guarantee anything but it does look like it has already begun here just when most of these spikes really fall apart and I don't see that now. I studied the volume and distribution prior to Friday and we should be just about done with the bulk of those who bought that low. The rest who hold free shares are potentially along for a bigger ride yet. The gist is you want those big kahunas coming here now and I see some footprints. I've bought my share and there are others though they are strangers to me as I'm solo.
My description is not trade advice whatsoever, but may suggest how these things play out to the continued upside sometimes. I think this just might be one of those that really take off only after the original flippers, nervous nellies and impatient traders get taken out. Volume like this and a very interesting chart should draw continued interest. I'm in and ready to handle the bumps to see if my observations continue to pan out over a greater period of time.
Doing some DD on this. Checked on accountancy announced in PR. They are real. That may sound like a funny thing to say but you would be surprised what some of these shells say, they'll make up names of firms out of thin air.
The guy is in Florida. I checked into the company he was CFO for about five years before he opened up his own practice locally. He worked for larger name brand accountancies before but he seems to be keeping it simple and working for some public companies, doing Sarbannes Oxley assistance and in the case iFinix he is helping them get their accounting related documentation assembled for the OTCBB listing.
His former company eAutoclaims is legit. They are listed on the OTC and as their CFO for five years he appears to be qualified for the tasks he has been assigned for INSR. eAutoclaims did about $4M in revenues last quarter and have been in business for at least 7 years from what I can tell. His practice is in the same neck of the woods as his former company.
I don't have the impression there is deep involvement with the company's strategic planning, but he was familiar with Dru who so far I've come to the idea is the primary management factor behind iFinix probably much more so than the CEO since this would be a technologically dependent service and that is Dru's background from what I can discern thus far.
Also, I dug around some of the announced partnerships. Apollo Consulting is one of them. It turns out Apollo is a subsidiary of Indotronix
http://www.iic.com
which looks like a substantive company based in India with many offices and U.S. headquarters based in Poughkeepsie. Indotronix is impressive looking and they are hiring in the U.S. It seems that iFinix's subsidiary R&B is basically their technical root skill set and they will try to balance out any roll out of the Phoenix products while hooking up with an international consultancy for income producing contracts.
Also, I would note that another key partner for their data feeds is very legit and also listed on the OTCBB. Comtex is maybe a little gem for some to buy and hold, but I have not looked into it from that angle yet. But I know they are for real and service a good client list and are trying to expand their footprint. Motivationally, it would seem like a good fit is iFinix is going to make a serious effort to be selling market data driven products.
From what I can tell, there are real associations sprouting up all over around INXR. That is not a guarantee of success, but it might be some measure of seriousness. If the partners and accountants and the like acknowledge their association with iFinix at least that means we're getting effectively truthful press releases.
For instance, I am now of the belief they are filing for OTCBB listing. That alone would be rocket fuel for this stock (especially if it gets oversold on the shorting side and the shares then need a CUSIP assignment, that could get wild regardless of their future successes or failures as a company).
I think the Phoenix products may be coming together but I cannot verify that yet. I believe they may be moving towards many goals simultaneously now so it could produce much in the way of news and associations, milestones and channel partners.
I remember some sub-penny pinks going way up and the one thing I would suggest in making any such comparisons is one. If there is a real business model, authentic affiliations and growing efforts for greater compliance and transparency, then you might be looking at a rocket here. The problem is when they promote a direction and don't follow through. If they keep taking the steps that have been outlined, this stock could build many new levels of support if the interest continues.
I'm guessing it will and I'm also guessing we'll see plenty of churn each step of the way. I do remember something like QBID churning, churning and then really going, then back, then higher. Key point to consider is our dollar volume the last 2 days dwarfs the previous days when this was rising from the cellar. It is all relative and to the earliest birds it now looks expensive, but to some savvy speculators it might start to look cheap if we continue to take out the profit takers and sustain good dollar volume which we have.
Keep that in mind if we do start going up and maybe can go to great heights. Most don't know or care about this stock, but if we are doing 100s of millions of shares traded like this at higher and higher prices plus retraces, it will look cheap if the company is progressing. It will be interesting and that is why I sniffed around to see if there were legit affiliations and golly there are. I say stay tuned and if you've got a cool pulse hang tight. It could be interesting here for a while.