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Stock: 5 billion is the number of authorized shares. Authorized shares represents the maximum number of shares that can be put into play.
Based on the numbers provided, IXFY has not put all 5 billion in play.
Oops. My bad. LOL! And all this time I thought the world revolved around me.
Jab received and noted.
Joe: Yes, IFXY's chart indicates selling pressure at this time but that could change with a meaty PR.
Speculations are nefarious only when they oppose ones point of view.
Dad: I'm also intrigued with the possibilities here as well.
Dad: I think there's two things we can agree on:
1) Filling out Form 144 allows the individual to cash in from one to the maximum number of shares listed on the 144, at any time.
2) Aiello may or may not exercise his right to cash in the restricted shares.
Lastly, since you used it in your quote I wasn't quite sure if you were also disagreeing on the financial situation a well. We're you? Because as of 12/2010 revenue is not covering expenses. Perhaps a new venture in 2011 will take care of that but as of last year, not.
TBE: I reviewed the latest 10Q and while you are correct that IFXY makes revenue, the amount they make does not cover all expenses. Perhaps one day it will.
IFXY reported $311K in revenue and $1.5 million in expenses. Tossing out the amortization and depreciation figures your still at $800K in expenses.
So, clearly there's not enough revenue to make everyone happy, hence the filing of Form 144.
1971: I'm not sure what to tell you. The initial form 144 is not mandatory. If the shares were not sold in the subsequent 90 day period they have to file an amended form each 90 day period they fail to sell any shares.
Based on your email I'd say that's what's going on here. Your being told that the initial filing did not result in the sale of shares so the CEO is obligated to file an amended form every 90 days until the sale actually happens or the original Form 144 is terminated.
So, what we have here is the CEO may one day sell his shares or he may not. In the meantime he must continue to file every 90 days to say he did not.
I can buy that.
1971: I think there's a little misconception here.
From the SEC site:
"Filing a Notice of Proposed Sale With the SEC. If you are an affiliate, you must file a notice with the SEC on Form 144 if the sale involves more than 5,000 shares or the aggregate dollar amount is greater than $50,000 in any three-month period. The sale must take place within three months of filing the Form and, if the securities have not been sold, you must file an amended notice."
http://www.sec.gov/investor/pubs/rule144.htm
So, when you file Form 144 you must sell the shares. If you choose not to then you have to file an amended form. I don't see anywhere in the description on the above link that states you have to file a Form 144 every 90 days just because you own restricted shares.
When you think about it why would there be a rule that forces you to declare that you want to sell your shares when in reality you never wanted to sell them in the first place forcing you to file a second, amended form affirming your original intention of not selling the shares.
Altec: The CEO filled out and filed the form. It allows him to cash the shares in. He may or he may not. However the fact that he did file the form says a little something about his thought process.
At minimum, if he does not cash in the shares it certainly would be fair to say he's at least hedging a bet. I don't think it a coincidence that the share count, multiplied by .005 equals his annual salary.
Lastly, it is entirely possible that he may liquidate the shares a little at a time, over the year. I'd feel much better about that because if the company starts jumping on the revenue bandwagon he can stop liquidating shares and instead get paid from the revenue he's generating.
We'll just have to keep an eye on this.
Altec: Unfortunately gagging the TA is the opposite of transparency.
A word about the reduction and acquisitions.
You want transparency so you know what's going on with your investment. You want to be able to confirm dilution, if the CEO is cashing in shares to pay his salary or the completion of the conversion of the 500 million shares.
The typical reason a TA is gagged is to hide that which will upset investors. Example: If you can't confirm the conversion took place, how will you make an informed decision on your investment? If you can't confirm dilution is taking place how will you know when to call it a day or to soldier on?
Stock Gamer: Is the gagging a new development or has the TA always been gagged?
Quick: Sorry, but the MM's job is two fold. One is to make the market by moving shares back and forth, the other is to make money themselves.
The PPS of a stock has nothing to do with phantom shares. The MM makes their money simply by buying a share from you and pocketing the difference when they sell it to another.
They do what it takes to make that happen....or in stock lingo, to make a market for the share.
Market makers make money via commissions, momentum moves and the bid/ask. On a momentum move, which ADSV is not right now, they can jump in and play the game the same as you for profit. Another way they make money is with their own inventory of stock and play with their bid/ask spread.
Again, they don't care about the PPS of the stock only that it's either moving or someone is hitting their bid and ask in such a way that they are making a profit. If the bid/ask has to be moved up or down it's only for the purpose of making a market, moving stock and their resulting profit.
It's pretty simple when you think about it.
Lilpuppy: Ouch. Dilution. Another hurdle to jump to get the PPS up.
Based on the math:
23,777,280 shares at .005 PPS = $118,886.
Looks like Aiello really is looking to hit his salary of $119K. Unfortunately he's calculated the shares to sell at the current PPS to get his money......indicating he's not anticipating an increase in the PPS anytime soon. If he were anticipating an increase he might have cashed in far less shares, say for 3 months worth of salary, in anticipation of something bigger.
Let the chips fall where they may in interpreting this news.
Devil: The MM's don't care about the PPS of a stock. To make money they buy from you and sell to another then pocket the difference.
They could care less if it trades lower or higher just as long as shares move back and forth so they can make money on the trades.
They only move the PPS in an effort to shake shares from your pocket, to entice you to sell or buy. Most importantly, they can see all your limit sell and limit buy orders.
They move the PPS down to take out the limit sell orders and up to trigger your buy orders, all in an effort to get shares moving so they can make money.
That's why you're being advised to put your sell orders in for a dime or more and to hang on to your shares as long as you can. It forces the MM's to move higher to get at those shares.
Unfortunately, on the way up flippers get involved and keep the stock from moving. Why is that? Again, the MM's don't care about the PPS of a share. Only that the stock is moving. When the flippers come in they kill the run as the MM's no longer have to reach higher up the tree to grab a share.
Good luck today.
Beach: When it comes to charting, it's amazing how one indicator can change the entire outlook of a chart.
I use the Accumulation/Distribution as opposed to the On Balance Volume because the AD is an improvement over the original OBV.
Typical quote: "One of the most commonly used indicators to determine the money flow of a security is the accumulation/distribution line (A/D line). It is similar to on-balance volume indicator but instead of only considering the closing price of the security for the period it also takes into account the trading range for the period. This is thought to give a more accurate picture of money flow than of balance volume."
This is all subjective, due to our charting preferences, but if you apply the AD line to your chart you'll see a much different picture. Since 3/23 the AD line demonstrates a steady and fairly steep distribution sequence, indicating selling pressure for almost a month.
As you might expect, I'm concerned about that.
Having said the above, there is one bright spot, that being last Friday. The AD line took an upswing even though the PPS ended lower for the day.
If we can get the AD line to match an upswing in the PPS we'll have a strong signal for continued increase in the PPS. When that happens stand back and watch the fun.
Dad: I'm new to the stock and at this point don't even know if the TA is gagged or not. In fact I don't know who the TA is nor how to contact them. But I'm sure I will soon.
Obviously the volume is not due to IFXY buying back shares as mentioned by another poster. As you are aware the reduction is being accomplished by converting from C to P shares. This action will not show up as buying or selling on the charts. The only way we'll know it happened is via PR.
Again, I'm not accusing IFXY of dilution but it is prudent to confirm. The board should be concerned if IFXY is selling shares when one considers the PR of reducing the outstanding shares. Obviously if they diluted and then reduced you won't get the full gain of the 500 million shares.
Lastly, I still think there's a possibility that Scar and his minions may have exited, to some degree, IFXY, to fund more shares of ADSV.
Beach: Your chart is missing one important indicator that needs explanation:
Accumulation/Distribution line:
Something significant happened on the 13th and the 14th. The volume was impressive. The highest volume days since 1/6/11, coupled with an increase in the PPS. Unfortunately the A/D line indicates major selling into the rising PPS. It would have been a much better chart if the A/D line indicated accumulation instead.
It begs the question: Was the company selling shares and has IFXY experienced dilution? Has anyone checked with the TA to see if the outstanding share count has increased?
The only other explanation might be a large seller or sellers got out of IFXY. I'm wondering if Scar and his folks were involved in this. I saw other posts by Scar where he and others were selling their shares of TYTN to get funds to buy ADSV. The last two days were big days for he and his minions.
Just thinking out loud. If it weren't for the A/D line and what it indicates I'd be mostly in agreement with you about your thoughts on IFXY.
As you are aware, rising PPS coupled with selling pressure is not a positive sign.
Markss40: MM's could care less what price the stock is. They make money on trades, not the price of the stock. The MM doesn't care if this stock is 50 cents or .001, just as long as when he buys your shares he can sell them to another buyer for a profit. MM's maintain a spread and pocket the difference between what they bought and what they sell a share for, the same as you do.
It's their job to create a market for the stock. Moving it up and down serves only one purpose to them, to get people buying and selling so they can make money on the trades.
If lowering the PPS generates trades, they do it. If raising the PPS generates trades they do it......not to benefit you but to benefit them.
Interesting link:
http://beginnersinvest.about.com/od/beginnerscorner/l/blmarketmakers.htm
Nope, not surprised. Just thought there was one more day to the pump. Some of us got caught.
Egg on my face.
Haught: That's why all of us are hear playing the pinks and OTC's.
What if........
As you say, tomorrow will be crucial.
Low or no volume with downward pressure on the PPS will tell you what Scar and his team were up to today...selling.
Remember, their goal was to have it at .005 by Friday. Failure of that event and it should tell you how much faith they have in the long value of this stock.
Conversely, if they do push it up to .005 tomorrow, well good for everyone who stuck it out.
Regardless it'll be interesting to see what happens.
Scar: I'm happy you're up as much as you are. No need to rub salt in the wounds of others.
All that anyone asks is if you're going to share your thoughts and try to influence others is that you be honest.
Don't tell people the troops are coming when they aren't. Don't give people the impression that today will make history when you know your guys are NOT going to pump up the price but rather let it fall so you can get cheap shares.
Yesterday you said the troops were coming and they did. Today you said the same thing and they didn't. You said today would make history. A lot of people believed the same thing would happen today based on yesterday's reality.
No one here want's you to stop talking, what they want most is honesty.
That's all.
No hard feelings, as you say.
Cucpa: Today's posts were NOT spot on. Clearly his posts said one thing but he and his crew were doing another. That's the issue here. Also, until today the board was generally positive and upbeat. Then the bashers came out of the woodwork. Wanna' take a guess as to who they were affiliated with?
As late as 3:30 he told the board the same thing that happened yesterday was going to happen today when he said the troops are coming.
Tell me you aren't a little disappointed that that didn't happen.
From my perspective, we were worked over. They got what they wanted. If they truly were buying shares, they got them on the cheap but a lot of people sold in panic. Scar's outlook on that is too bad for them.
If they weren't buying shares but selling, causing the PPS to tumble, they made some good money.
Tomorrow you'll find out if they were satisfied with their profits or really buying up shares so they can run it up again from the .002's and .003's. My hope for all who stuck it out is the latter.
Scar: That's your rebuttal? To take your ball and go home?
People were following you. You can't lead them in one direction, all the way up to 3:30 telling everyone your troops were coming, then explain that what you and your boys were really doing was to create fear on the board so you could shake shares out of the very people following you.
Basically you used some of the people who you hyped into following your guarantees and advice.
I think all of us are a little wiser today.
I also think it's convenient for you to clam up as well. Especially after reading this from you: "I'm also Loving all the negative PM's... I BUY FEAR ALL DAY LONG... I'm GLAD THE TREE IS GETTING SHAKEN !!!!!!!!!!!!!!!!!"
Scar quotes from today:
"GOAL: TO GET ADSV TO A PENNY BY FRIDAY"
"Today WILL BE HISTORIC !!!!!!!!!!!!!!!!! I can assure you guys of THAT !!!!!!!!!!!!!!!!!!!!!!!!!!!! TODAY WE ROCKKKKKKKKKKKKKKK !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! "
"ADSV WILL DOMINATE TODAY!!"
"THE TROOPS ARE COMING !!!!! AHHH YESSSSSSSSSSSSSSSS "
If I were Scar and had a conscience, I'd make some attempt to explain myself to everyone I tried to influence over the past month.
From a human standpoint, after reading the troubled posts of V70R last night I can't even imagine what's she/he's going through right now.
No troops. No .005. Hmmmmmm.
Scar: Your guys have loaded up on the cheapies. Time for them to start using their new shares to move this PPS higher.
Anyone remember when Scar's troops visited us yesterday? Is it getting close to that same time?
I sure hope so.
Climbing from the 3's into the 5's will take a small miracle.
Alexal: Check out his page:
http://investorshub.advfn.com/boards/profile.aspx?user=128005
He just posted about APRO about 40 minutes ago.
He's in the building.
He did the past four days, why not today?
TDAmeritrade makes you wait up to three days after your deposit to trade risky stocks like this one.
You can buy Ford or IBM the same day but not ADSV.
The only way you can trade same day is if you wire transfer into your TDAmeritrade account.
MM's can see your limit orders. Not sure if people know that. Personally, I think the MM's are taking out those who wanted to be safe, set a sell (stop loss) limit of .0029 or some-such then headed out to work.
The MM's are walking the PPS down to get at those orders to free up more shares.
These shareholders will get a bit of a nasty surprise when they get home.
Z: Why would you claim to be a long yet post against your investment?
Makes no sense.
Ustaandre10: I quoted a post from Scar. My question was directed at him.
You'll want to direct your question to him concerning his Canadian friends.
Scar: Thanks to your informative posts I doubled my money with ADSV. Not too shabby. However, greed has a way of taking one's money.
To my way of thinking, doubling my money is good enough in the world of subpenny stocks.
Trying to time the market is impossible. I applaud those who have the guts to try to be there on the first uptick and to sell moments before the first fall of the knife. That's not for me.
So, for now, I've exited and will keep my eye on ADSV to see what Monday might bring. If it's good news that moves the PPS, I'm sure jumping in at that time will still make us all money before the rides over.
I think today's action indicates that the $100 million legal pump has played out and is now built into the price of the stock.
Good luck to you.
I'll be keeping an eye on your other pics as well as researching a few of my own.
Scar: Can you explain this in light of today's reality? "BIG GAP UP IN THE A.M., CHASE IS ON, ADSV !! Either way you look at it , This will be getting MEGA ATTENTION Tomorrow!!!!! There will be a ton of POWDER FLOWING INTO THIS STOCK !!!!! My CANADIAN BRO's will be Joining us ( welcome to penny land guys )!!!
What kills me is 3 of the last 4 trades were at 5,000 shares. 5,000 is the equivalent of $12.50, less the $9 commission and you have what? Nearly nothing.
Why would you lower the PPS of the stock and sell for what amounts to a $3 profit?
Makes no sense.
Scar: Were waiting on your minions!
Send em' in!
Zunobira: You're missing one possible outcome: It is possible that ADSV truly has a "SLAM/DUNK" case and Erik Hoffer may not want to risk a trial.
It wouldn't be unheard of for the other side to look at their case, cut their losses and make a deal rather risk a hostile jury who may agree with ADSV and award a large penalty.
You are correct, these types of cases can take a long time to resolve but I think there's a good chance that the next PR will give strong guidance on the strength of the case against Erik Hoffer and hint that a settlement out of court either happened or is a very real possibility.