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The new limit order protection rules that apply to pink sheet stocks goes into effect today. Does this or do you think it will effect us?
Like a Wal-Mart gift card :) lol.
I have been seeing some mention of a PR that is supposed to be coming. Any idea what that is in reference to? Also seen mention to watch the blogs on the website. Any idea what that is about? Are we going to hear from the company this week? Also you did mention that the plan is to uplist at some point. Wouldn't that require A/F's at some point in time?
So with the Panamersa Moneycard, they would load your funds after you sell your PDR's upon your request onto the card. $100 or $25,000 what have you. And you would just use it at stores like a credit card or withdrawal cash at ATM's? I could buy a car and charge it to the card?
And just what are the US objectives of PANAMERSA?
I understand the debit card thing and being able to use them at an ATM machine. But what about getting large sums of money? How do you go about getting lets say $20,000 out at one time? Sorry if this has already been answered some where but I hadn't or did comprehend if I saw it.
The thing I will be looking for from DS is whether or not he is selling, buying or holding after his visit and conversation. Hope he took some pictures for us. :)
So does this mean.... is this a read between the line PR saying the financial statements will be audited?
iFinix Corp. Delays Issuance of Financial Statements
iFinix RealTime Information Platform Subscription List Is Growing
JAMAICA, NY, Jul 23, 2007 (MARKET WIRE via COMTEX) -- iFinix Corp. (PINKSHEETS: INXR) announced today that it is delaying the issuance of its financial statements for calendar year 2006 and the first two quarters of 2007. The second quarter ended June 30.
The company also announced that in the first week of operation of the iFinix RealTime Information Platform that the subscription list has risen substantially as more users continue to reap the benefits of the product. The phone and web-based technical support system is responding effectively to users. Moreover, feedback from users has been strongly positive.
The company is in the process of completing the financial statements, listed above, and will issue them as soon as possible.
iFinix Chairman Drew Budhu said, "Owing to the complexity of the equity and software accounting requirements, we have delayed the financial statement issuance. We are taking the utmost care to ensure the accuracy of this initial filing so that the company will be eligible to be listed on the Over the Counter Bulletin Board.
"iFinix is committed to timely financial reporting," he added, "and is laying the ground work to fulfill that commitment in the future. Once these statements are filed, the financial statements will be filed in the future on a timely basis."
About iFinix Corp.
iFinix is a diversified information technology services and solutions company with expertise in systems integration, outsourcing, infrastructure and server technology. iFinix has established a product line that delivers financial and business information with streaming, real-time market data, news and analytics to professionals and active individual investors. The company's suite of products includes iFinix RealTime, iFinix Trader and eFinix. Visit http://www.iFinix.com
Legal Notice Regarding Forward-Looking Statements:
Safe Harbor: This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of iFinix Corporation to be materially different from the statements made herein.
Contact:
iFinix Corporation
Investor Relations
516-504-3981 x301
SOURCE: iFinix Corp.
Copyright 2007 Market Wire, All rights reserved.
Now is the time to load the people on this one :).
I think if they by chance report audited financials which I believe they are going to have to do at some point in order to move to a higher exchange so why not do it now. If they do I think we could possibly have a really good week this week. Audited verses unaudited could change how big the smiles are on our faces tomorrow at EOD. JMHO :)
And my guess and bet is that the financials are audited. Just a gut feeling I'm having.
Speaking of the ads. I would expect to see some of that cost figured into the financials making them probably looking kind of bad when in reality it is money well spent. I know those ads runs aren't cheap by any means. JMHO :)
So what are we looking at A/S and O/S wise do you think? 10 BIL A/S with an O/S around 4.8 BIL?
Did you send in the share certification form?
Who was the creator of the Scottrade, Etrade and Ameritrade platforms? I doubt they created it themselves. They probably bought someones software and had it branded with their name. Isn't that how this works?
Then all we need is for an E*Trade to replace their crappy E*Trade Pro with the Ifinix Corp. software and we are in the green. JMHO :)
Does anyone hold this stock in a 401K plan? What kind of 401K plans allow you to buy stocks, mutual funds or what ever you want? Are these special types of 401K's. I hold my shares in an IRA but I was wondering about 401K plans.
INXR ~ Financials and share structure being released
ICBM ~ Lots of news recently
Found this which I wasn't for sure had been posted yet or not.... http://www.panamerica-news.com/100NewsC/20070720PNNS_PDRExchange.html
I just went on the panamersa.net site and they have updated the news area. You see this on the main page:
Fundacion Pan America Adds New Countries to Exchange
Fundacion Pan America, a private foundation created in Panama on September 6, 2006, has expanded virtual trading platforms for PDR Exchange (Panama), Inc. to include the following domains www.pdrexchange.es (Spain), www.pdrexchange.eu (Germany), www.pdrexchange.cn (China), www.pdrexchange.sg (Singapore), www.pdrexchange.com.au (Australia). This expansion will enable global involvement
Read more...
Notice the Germany address. Then you click on the read more and it brings up the PR from the other day with the other address that FTG bought lol. Why not just re-release the PR or a correction PR?
Speaking of financials. When I was on pinksheets.com I noticed that INXR has been filing quarterly and year financials. If I am seeing and reading it right. Except they were unaudited. So these that are coming Monday must be going back and are going to be audited?
The O/S was 1,322,948,444 as of Oct 30, 2006. Could it have grown that much since then?
3,000,000,000 Class A Common Shares Authorized
1,000,000,000 Class B Common Shares Authorized
1,322,948,444 Issued and Outstanding
Does this new rule going into effect next week effect us at all and if so how?
Limit Order Protection Rules to Apply to Pink Sheet Stocks Beginning July 2007
May 14, 2007
Pink Sheets News Service
New York, NY - May 14, 2007, 2007 - The SEC has recently approved changes to the NASD's rules and interpretive materials regarding Limit Order Protection. Previously, these rules, commonly referred to as Manning, applied only to Nasdaq listed securities and those quoted on the OTCBB. By expanding the interpretation, Manning principles and all the interpretive guidance thereunder will apply to those equity securities quoted on the Pink Sheets, as well as all other-OTC equities (those traded in the "grey market").
Manning generally prohibits an NASD member from trading for its own account in a security at a price that is equal to or better than an unexecuted customer limit order in that security, unless the member immediately thereafter executes the customer limit order at the price at which it traded for its own account or at a better price.
A member firm that accepts and holds an unexecuted limit order from its customer (whether its own customer or a customer of another member) in an listed security or OTC equity security and that continues to trade the subject security for its own account at prices that would satisfy the customer's limit order, without executing that limit order, shall be deemed to have acted in a manner inconsistent with just and equitable principles of trade, in violation of Rule 2110 (IM-2110-2). However, a member firm may negotiate specific terms and conditions applicable to the acceptance of limit orders that are: (a) for customer accounts that meet the definition of an "institutional account" as that term is defined in Rule 3110(c)(4); or (b) 10,000 shares or more, unless such orders are less than $100,000 in value. In the event that a member trades ahead of an unexecuted customer limit order at a price that is better than the unexecuted limit order, such member is required to execute the limit order at the price received by the member or better. Nothing in this interpretation, however, requires members to accept limit orders from any customer.
This change is effective on July 26, 2007. To view the changes to IM-2110-2, please see Notice to Members 07-19 [PDF]
For further information about IM-2110-2 or Limit Order Protection, please contact us by email at info@pinksheets.com, or contact Michael T. Dorsey, Esq., Managing Director, Trading Services & Compliance at 212-896-4456.
The above news release has been provided by the above company via Pink Sheets News Service. Issuers of news releases and not Pink Sheets are solely responsible for the accuracy of the such news releases.
What/why exactly would this take off with the announcement of the end to the 504?
All I can suggest is you ask IR that question. We do have to remember that Pan America Sociedad Anonima (MMVII) PANAMERSA, a Panamanian Corporation, is the operating unit for all PANAMERSA legal entities and PANAMERSA Corporation, the US Public Company with Corporate offices in Dallas, Texas, USA, represents (MMVII) PANAMERSA in the AMERICA II region. They are two separate corporations which I think confuses a lot of people. JMHO :)
I did send an email to IR asking for clarification and this is the reply I got. First my questions and then the response post with permission.
My email to IR:
From last nights PR:
Fundacion Pan America Adds New Countries to Exchange
Fundacion Pan America, a private foundation created in Panama on September 6, 2006, has expanded virtual trading platforms for PDR Exchange (Panama), Inc. to include the following domains www.pdrexchange.es (Spain), www.pdrexchange.de (Germany), www.pdrexchange.cn (China), www.pdrexchange.sg (Singapore), www.pdrexchange.com.au (Australia). This expansion will enable global involvement across all nations, while furthering the PDR Exchange?s mission to provide a groundbreaking wealth management atmosphere.
Now we wake up to find out that James Cagle (fillthegap on ihub) has bought and registered this domain name ~ www.pdrexchange.de (info posted below). Is this an issue? How can this happen? It confuses me and other investors. Are you able to clarify this situation? Why PR a domain name that the company doesn't own or do they? Thanks for any information or clarification you guys are able to provide.
www.pdrexchange.de
Domain holder: James Cagle
Address: 4280 Piedmont Pkwy, Suite 110
Postal code: 27410
City: Greensboro
Country: US
Administrative contact, Zone administrator
Name: RA Thomas Rickert
Address: c/o Schollmeyer & Rickert, Rechtsanwaltsgesellschaft,
Junkerstr. 21
Postal code: 53177
City: Bonn
Country: DE
Phone: +49-228748980
Fax: +49-228748980
E-mail: treuhand@anwaelte.de
Technical contact
Name: James Cagle
Address: 4280 Piedmont Pkwy, Suite 110
Postal code: 27410
City: Greensboro
Country: US
Phone: +1-3365107854
Fax: +1-11111111
E-mail: fillthegap01@yahoo.com
IR's response:
Sid, thank you for your questions and e-mail.
After the morning spent doing due diligence may I advise you that this press release was issued out of Panama not the corporate headquarters of PANAMERSA CORPORATION. Albeit, to say this is Foundacion business and after conferring with upper management I have this information to provide.
The Foundacion actually holds the receipt for the PDR Exchange in Germany. My office represents Panamersa; however, there appears to be a severe lack of communication on IHUB.
As we monitor this situation, please be assured that this is preliminary information and if I should need to stand corrected I will reserve that right.
Rest assured, exact steps are being taken to verify and rectify any miscommunication. I find it unfortunate that only you and one other shareholder have actually contacted the Dallas Office for any kind of verification. It only tends to reiterate my daily position that those who truly want answers contact those that can either one, answer it, or two-- attempt in every way possible get information that is at the very best preliminary with more to come.
You have the right to quote this e-mail in its entirety; all confused shareholders perhaps should direct their questions and derogatory remarks to the appropriate channels. It would save them a great deal of aggravation.
I appreciate your straightforward questions – you will receive nothing but the same from me.
Best regards,
Theresa
Has anyone been in contact with the company to get their take on this issue?
The pic doesn't work for me when I go to the site.
Fundacion Pan America Adds New Countries to Exchange
Fundacion Pan America, a private foundation created in Panama on September 6, 2006, has expanded virtual trading platforms for PDR Exchange (Panama), Inc. to include the following domains www.pdrexchange.es (Spain), www.pdrexchange.de (Germany), www.pdrexchange.cn (China), www.pdrexchange.sg (Singapore), www.pdrexchange.com.au (Australia). This expansion will enable global involvement across all nations, while furthering the PDR Exchange’s mission to provide a groundbreaking wealth management atmosphere.
“Expansion to even more countries is of vital importance to the joint development of the diverse economic policies for the foundation’s areas and regions of operation,” said Pedro Borges Fiol, founder and protector of Fundacion Pan America. “As a means of promoting and assisting the commercial integration of Latin America while creating a viable commercial alternative for our Pan-American future, the foundation stands firm in building and supporting their mission through growth and development.”
Fundacion Pan America was formed according to The Republic of Panama’s Law Number 25 of June 12, 1995, making it legally authorized to act as a depository agent and custodian of all forms of real goods and properties and financial assets while also maintaining assets and the benefits deposited in them in the name of foundation beneficiaries. Beneficiaries of Fundacion Pan America can be natural persons, companies and/or free governments in good standing, and through its operating unit P.D.R. Exchange (Panama), Inc. beneficiaries are provided the tools to trade receipts (PDR), building wealth management and providing security and anonymity.
The foundation is also dedicated to the conservation and protection of the world’s forests, flora, fauna, water resources and minerals through the commercialization of micro forests, as an individual alternative to counter Global Warming seeking "CO2Neutrality.” This initiative offers every investor in good standing the means to participate in the process of the integration of Latin America in a direct way via the P.D.R. Exchange, (Panama) Inc., and enjoy all future benefits. In this way, the commercial integration of Latin America and its development is engaged through global participation.
PANAMERSA Corporation
Mike Terrell, 214-774-4870
Source: Business Wire (July 17, 2007 - 9:21 PM EST)
News by QuoteMedia
www.quotemedia.com
iFinix Corp. Successfully Launches the iFinix RealTime Information Platform
via COMTEX
July 17, 2007
Nearly 2,000 Retail Investors Sign Up for Subscriptions to Receive the Platform
JAMAICA, NY, Jul 17, 2007 (MARKET WIRE via COMTEX News Network) --
iFinix Corp. (PINKSHEETS: INXR) announced that the launch of the iFinix RealTime Information Platform went off successfully.
The company also reported that it has established an automatic system update so that computer glitches that are discovered are corrected as they are reported. Moreover, each subscriber's system automatically receives the corrections as they are made.
The company also announced that nearly 2,000 subscribers have signed up to participate in the program.
iFinix Chairman Drew Budhu said, "The retail investment community has enthusiastically welcomed the iFinix RealTime Information Platform. The warm reception is very gratifying. Although we found some bugs, they have been corrected and users are receiving automatic updates correcting any system errors."
Budhu noted that iFinix is still offering new subscribers a one-month introductory subscription for $20. (The subscription does not include Exchange fees, which are extra depending on the market.) Subscribers can sign up using either a credit card or PayPal by visiting it secure site, https://www.ifinix.com/subscription/. Shareholders of record as of June 17 are entitled to a free three-month subscription; they can sign up by calling 516-504-3981, ext. 301. Those traders, who sign up for the four-month introductory offer of $20 a month, will be automatically renewed unless they subscriber notifies iFinix. The regular monthly charge is $60 and it will be billed to their credit cards.
The iFinix RealTime Information Platform provides pricing and volume information to microcap traders and broker/dealers of microcap stocks equal to that available on blue-chip stocks. Its price reporting is precise to the sixth decimal point -- two decimal points greater than its competition -- a difference that is financially significant to frequent traders.
About iFinix Corp.
iFinix is a diversified information technology services and solutions company with expertise in systems integration, outsourcing, infrastructure and server technology. iFinix has established a product line that delivers financial and business information with streaming, real-time market data, news and analytics to professionals and active individual investors. The company's suite of products includes iFinix RealTime, iFinix Trader and eFinix. Visit http://www.iFinix.com
Legal Notice Regarding Forward-Looking Statements:
Safe Harbor: This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of iFinix Corporation to be materially different from the statements made herein.
Contact: iFinix Corporation Investor Relations 516-504-3981 x301
SOURCE: iFinix Corp.
Copyright 2007 Market Wire, All rights reserved.
Where is this 1700 number coming from?
I second that motion :)
"The importance of the 23rd to be released financials is all about share structure."
I see the importance is all about moving to a higher exchange.
So that is where you pulled that 10k number from lol. Well, we are due the next round of financials in about 1 month and we should be able to see if there has been any change in those numbers. :)
I had a soothsayers vision that we hit a high of .0053 on Monday. :)
From the website FAQ section: PayChest currently has 25 billion authorized shares with 16,620,990,045 outstanding shares. This information needs updated in the ibox. JMHO :)
I think if the launch goes as scheduled, which I think it will, we will close above that tomorrow. Especially with the pending financials the following week. I believe the launch goes off as planned for one reason. They already spent a bundle on the T.V. ads and I don't think they would do that if they weren't ready to rock and roll. This isn't PNMS, the stock of missed deadlines roflmao :). JMHO
I think we open at .0016 or better :)
I have no idea. All I know is that we are dealing with foreign countries and entities and who knows what rules/laws/procedures might be involved. All I am saying is that it the possibility can't be ignored.
Has anyone even considered the fact that maybe they tried the wire transfers and maybe there was some issue that popped up? Not saying this happened but maybe an issue they haven't informed us about yet popped up and maybe they are working on the fix. JMHO :)
This info needs to be updated in the ibox :)