Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I did no such thing. I made no reference to other companies. I made no statements of relativity whatsoever.
I stated only that:
1. It was my mistake to give them the time of day. That does not relate to any other company. It relates strictly to my poor judgment for trusting them when they claimed they were not going to dilute like they obviously did.
2. The ONLY way to know their inside position is by ungagging the TA. And that becomes relevant especially when an OS gets maxed out and that has only been verified recently. Again, this has nothing to do with any company but INXR and I don't talk of other companies, just the context for INXR shareholders.
I have not actively referenced other companies as a form of judgment of INXR. My judgment of INXR is based solely on their actions and their actions alone.
It's called Google.
Input
ifinix + "February 20, 2007"
hit ENTER button
took me 2 seconds
Was TODAY'S FILING available before today?
WELL?
Nothing OLD about NEW information not previously available BEFORE TODAY Bill. Give it a rest.
And what have I lied about specifically?
WELL?
How is that an excuse? I just said I was a dolt for giving the time of day to a company with a gagged TA. That is an admission, not an excuse. What part of that do you not get?
Good one! What happened there? What is going on with Deep Sea Logistics? Not a word. And evidently not one penny of income from that relationship either.
Hey! Good one to bring back up Bijan. So where is the filing for a Patent?
Right.
Dead silence.
A good example of all the things they never acccomplished. Keep posting my old posts and it will drive home the point that they led us all along.
I met with Spartan. What happened there? Are you going to dredge up that post and now hide from the FACT their claims about uplisting have been meaningless and led to nothing?
I can find dozens of things they were all gung ho about for the shareholders some of which I conveyed and nothing came of that not so innocent enthusiasm of theirs.
Go ahead. Dig yourself a hole.
I was optimistic then. Their subsequent actions ruined all chances for the opportunity they had then.
And you reported nothing of consequence. But I'm glad you went to meet them. That is good. Whether it made a difference or not in your decisions you'll figure that out. But you delivered no new insights about your time with them. DB posted a good report and did not hide the implications of their findings with feel good sentiments. Many people liked the report, but it was clear you have plenty of time ahead of you waiting for anything substantive from INXR.
Yes. Smart buyers are adding to their positions with that target in mind. Whether they stay long after 2.50 or not is probably not important to anyone including true longs. But it is a good rationale for buying shares while you can.
One question for clarification on board rules please:
Is wearing a codpiece while posting considered to be following the manliness guidelines here?
Let's ask a question instead of focusing on conspiracy theories and stick to the known facts about the company and stock.
Fair is fair. But since you are asking questions about why I discuss the facts, can you answer this question:
Should new potential buyers of this stock be directed away from seeing the truth about INXR's dire financial circumstances and bloated share count?
The pros keep accumulating under everyone's noses. Very clever folks. They wait until all selling dies down, punch a quick hole through the Ask to grab whatever shares are dangling there, then settle in again. They particularly love these consolidation periods where they can test the smaller shareholders resolve by pulling their bids to see how they react. But mostly they are massaging the trading ranges and camping on the bid with occasional forays at and above the Ask to capture their accumulation targets. These are pros taking advantage of the lull in the action. Pretty soon there will be another run and the chase will be on. If you need to add to your position, just average in as your funds are available and don't try to time it. Good luck
Since today's filing shows zero income that I can see through June 30 I think you'll have to wait until they report on the quarter ended September 30 to determine what that revenue number might be.
Sure, there is a stock market that will assign whatever value it wants to the stock. But I'm dealing in known facts as delivered by the company. And that is something we can ascertain about the company directly instead of guessing about future trading interest in the stock itself. That is traditional analysis, not speculation.
It is a very mysterious line item. To our knowledge they do not have a credit line of millions of dollars with an established lender and I doubt anyone believes they do. What they are servicing is a big question mark? They are not a good credit risk for any mainstream lender so until we know what on earth an interest rate of maybe $2M a year is servicing I don't think it means anybody trusts them. Inferring trust out of a fuzzy and outlandish payment like that is asking too much of most people. I cannot find any logical implications in this that makes it into a silver lining.
Statistically speaking, the company has a negative net worth, therefore you cannot assign a higher value for the stock than it is currently trading at. That is why I say it is worthless. Perhaps you can say it is worth 0.0001, but I'm not sure that is a meaningful statement at this point.
Please elaborate on the positive of this because I am not understanding you. If they had a $490,000 interest payment in one quarter how is that good?
I think you're saying that some companies have less liabilities. And that means somehow they have less going on operationally. And I think that implies to you somehow there are good things going on and good things cost money to create therefore owing money can be a positive. Am I understanding you correctly?
You're welcome. I'm giving you whatever armor you have left to protect yourselves with. I figure some will pick up the phone when I provide real DD and make their own decisions without me pushing them to do it. In the same spirit, here is a convenient link EVERY INXR SHAREHOLDER NEEDS:
http://tinyurl.com/ystcoj
That takes you directly to the iFinix corporate filings page on Nevada Secretary of State web page.
SAVE THAT LINK AND LOOK AT IT EVERY DAY.
Whomever sees a filing for a reverse split there (or an increased in the Authorized Shares) will at least be able to decide for themselves whether to sell out or not.
I doubt they will raise the Authorized Shares because there is no share price to sell stock into. They basically would have to reverse split this to jack up the share price again.
And one last thing about reverse splits so people can be educated and not point fingers at each other:
The only time a reverse split may increase your value is when a company is already profitable and generating earnings for shareholders. But the penny stock that goes up post-RS is about one in a thousand. That means if you know a reverse split is coming and decide to hold you are almost guaranteed to lose even more money as your shares decline in value. This is known by any experienced trader or investor, but if you don't know this it is time to educate yourself on the facts while you have that option.
There is finally one last implication you must all realize as well. Should INXR reverse split this stock and max out the OS again, they may try to do this to raise millions of dollars again before the stock price totally collapses once more. They may tell some of you this is a positive because once they retire their liabilities the stock and the company will have a fresh start.
If they try to sell you on that strategy, then consider yourself a two time loser on the value of the stock because they will have to shrink and bloat the OS one whole more cycle which yet again takes money out of shareholder pockets to service their debts. Nothing good for a shareholder can come of this so do not let them sway you with this logic because it is not fair to you.
Spending years holding this stock could result in multiple reductions in your share count if they play out such actions. A 100M share position could be a 100,000 share position after one RS and if they did it again, it could become 1,000 shares worth maybe a penny a share. This is reality with serial diluters and there are people out there who once had huge share positions in companies that reversed once or twice and reduced their holdings to eventually nothing.
This is why talk of reverse split is meant to help current shareholders, not hurt them. If you understand the implications at least you know what your gamble was if you held your position. But it also means there is a choice you can still make if you have to.
Good luck
There is a very simple reason why every shareholder should demand the TA is ungagged. If you get that and can determine if D2 were keeping their word and retained the insider position they claim they still have that is VERY IMPORTANT.
It is extremely important because if they have not held those shares then that is your number one indicator prior to a change to their corporate filings in Nevada that they are planning a reverse split.
This is not fear mongering. Pay attention. I am giving solid advice on what to look for. If D2 do not want to hold their insider position it simply means this to them:
1. They can sell them now because they can then re-issue themselves more after a RS.
2. They'd sell now because they'd be worth more in cash to them even at 0.0001 than if they held them post-RS. That is the fundamental reason why the size of their position or lack of it thereof is an impending RS indicator.
3. The Authorized Shares can remain at 10B, but the OS can be shrunk by whatever denominator they want in a reverse. A 1000:1 RS can make 10B shares become 10M shares. But they can then issue themselves billions of shares again or sell them from the company directly to a "financier" and rapidly flood the market and swell the OS from 10M to billions again quickly.
4. Those billions of shares can be sold all the way from the post-reverse price of 10 cents a share back down to the present 0.0001 once again. But in the meantime they can lure in new buyers thinking the stock is now better with a fixed OS. Sure, the OS may be lower until they flood the market again with shares, but current pre-RS shareholders will never recover their money. And whatever is left will be diluted further post-RS.
INXR did a reverse split before, then ran up the OS to its current huge numbers. History usually repeats in these kinds of stocks. Therefore, you must protect whatever value you have by keeping an eye out on the Nevada filings every single day. AND you must get access to the insider position via the TA.
If INXR will not grant you that access then you can judge a book by its cover and assume they are hiding their plans from you to RS. If they are not going to RS they would open the TA and share their insider positions with you.
They hid their share structure while they were diluting this into the ground in the 2nd and 3rd quarters. Applauding them for finally releasing the financials is the equivalent of thanking the person who laced you with an almost fatal dose of cyanide stepping forward and admitting it. They don't deserve gratitude after slammming shareholders like that.
Thus if they hid during dilution and they now hide their insider position behind a gagged TA you should be bracing yourself for a reverse split and almost total loss in value of your current positions.
That is reality. Good advice. I hope some use it.
Funny in a very scary way, but that is what it feels like. I see the OTC Journal is shilling TTGL sometimes now. They are a paid promoter who SOMETIMES has a good pick you can trade, but over the years very, very few held their gains and went on to real success from a buy and hold investor's point of view. I wonder how much is being paid out to stock promoters presently. I really think the plan was to run TTGL to $4+ and unload a bundle of shares, but if the promotion is fizzling then not only will a Nasdaq listing fail for sure, but there will be lots of nervous trigger fingers out there holding paper deciding also whether the pump will produce more gains or if they had better exit and capture their gains sooner. I had my reasons why I said earlier this either goes up 2-3X or falls apart, but I doubt you'll see this trading at a flat $2 mark at New Years.
I totally agree. And their current projected revenues of three quarters of a billion are staggering and hard to believe too.
I don't think you say things like that when you are applying for the Nasdaq.
When you are applying for an uplist EVERY PR has to be additionally reviewed for total veracity.
I still think announcing a Naz application at $2 was very suspicious. I just don't believe this is adding up.
PATIENCE WINS WHEN YOU PICK THE RIGHT STOCK.
Pick the wrong stock and patience eats you up inside while you chew your finger nails down to a nub and post on message boards about your worries.
Pick the right stock and you become calm and ride the waves on your surf board.
At some moments while paddling out to sea your head faces down towards the water on the downward slope of a wave.
At other moments your eyes go skyward as your board tilts upwards.
But all you're really doing is positioning yourself to catch the big one.
You can't be on the big ride if you're still watching from the shore, can you?
I just don't understand how many hats these guys think they can wear. It is like trying to juggle 20 balls in the air at the same time. The PRs seem like they should be amazing, but it doesn't seem to add up into a company an investor can actually fully understand has a coherent business plan they can relate too and analyze. I believe this bombardment of a rainbow of different businesses and initiatives is meant to impress and drive the share price up, but I think it is just beginning to numb people out. It may be too much. The more new additions to the empire I see, the less I believe they can juggle all these things.
INXR 2nd Quarter Operating Expenses:
Selling, general and administrative $166,589
Compensation $52,673
Consulting expense $23,357
Other professional fees $115,312
Total operating expenses $357,931
That's a very basic burn rate of $1.5M a year and that does NOT include servicing all of their debts and liabilities (and strangely massive interest payments) which dwarf those numbers by millions of dollars annually.
This company would have to generates tens of millions in revenues to break even. Basically, this stock is worthless.
Second Quarter $490,454 interest expense?
Half a million dollars in interest expense in the second quarter alone?
How is that possible? That is a rate of almost $2M dollars a year in interest expenses. Interest on what? And at what rate?
This is very disturbing.
It appears INXR diluted roughly 4B shares during the second quarter (quarter ended June 30 shows 7,862,948,444 shares outstanding.
That means they then diluted almost the same amount yet again in the third quarter from July 1 to September 30. That means they were selling billions more shares while running the TV Ads and promoting themselves.
It could cut some small percentage of their margin down, but not much since the real costs of developing the business have already been spent. The biggest cost was in building the house of DJRT as is in creating the foundation so to speak, but now that they are fully operational and gearing up for expansion, fuel costs will be a smaller factor than if they were a new start-up. If this were an airline barely scraping by I'd say there would be a much greater cause for concern.
They have nothing to lose now by doing so. They could have released all of this information a long time ago, but chose to withhold it all while they were diluting the OS in excess of 10B shares. If they had released this information while they were still diluting the stock may have tanked even faster than it did.
In other words, they didn't want shareholders to sell and compete for the exit door while the buyers of their shares were selling theirs for a significant profit. It is more than likely the buyers of those billions of shares that dumped them on to the market demanded that INXR NOT release the financials until they were done selling.
Whether people like that the financials got released or not does not change the fact they withheld the negative financial and share count numbers WHEN it benefitted them. By the time they had been released they had gotten what they wanted out of shareholders and had nothing to lose by finally releasing. Any intelligent person can see their financial status is terrible and they have no chance of turning a profit for years even if they succeed.
For this company to generate $10M in revenues that would retire their debts, stem their losses and afford a profit margin requires an absurdly optimistic outlook. So if it makes anyone happy they released the financials, good for you. But the facts contained within them are a disaster.
No full transparency exists until the TA is permanently ungagged and all insider positions are voluntarily divulged every time you call the transfer agent up.
No doubts at all. Quiet can be good.
Due Diligence? Or just guessing what's next?
Did anyone pick up the phone today or not?
True. NO SHARES available. It has to trade higher to free up shares for purchase.
Vroom Vroom
He is currently the Director of Investment Banking at Legend Securities in New York City
http://www.viptone.com/about_exe05.html
A trader with evident proprietary algorithmic trading schemes claims to have joined Legend:
http://209.85.165.104/search?q=cache:MiO3a-9hujsJ:www.mikedigioia.com/index.php%3Fpage_id%3D2+%22leg....
You can look him up too.
http://www.mikedigioia.com
Background on Legend founding in article:
http://registeredrep.com/mag/finance_not_boss/
Official DTC memo referencing Legend from July:
http://www.dtcc.com/downloads/legal/imp_notices/2007/nscc/a6477.pdf
This trading group is at the same address at Legend and claims to be utilizing Legend's systems as follows:
http://www.chartierfinancial.com/trading.html
Legend Securities, Inc is a full service broker dealer founded in 1998 and headquartered in the Financial District of New York City. They offer a full range of investment and insurance services and products to fit the ever-changing needs of their representatives and clients. Their state of the art institutional trading platform allows them to provide their clients with the most comprehensive services available today. Legend Securities, Inc. has the back office, trading, compliance, product and general support services to ensure that all business is conducted in the most optimized way possible. Legend Securities, Inc. is a member of MSRB, NASD and SIPC.