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.
From old SEC Filing indicating Legend may have had their own trading platform already years ago:
Legend Securities, Inc.
Legend Securities is a company that offers full-service brokerage, financial planning, investment banking and technology consulting. Legend Securities was incorporated in January 1998 as SPC Securities, Inc. and was subsequently renamed Marlin Trading, Inc. in October 1999. Marlin Trading was renamed Legend Securities, Inc. in June 2000. Legend Securities is a privately held company which is registered as a broker-dealer with both the Securities and Exchange Commission and NASD. Legend’s headquarters are in the financial district of Manhattan located in our principal headquarters at 39 Broadway, Suite 720, New York, New York 10006. It’s telephone number is (646) 254-4200.
International Monetary Corporation owns 99% of the issued and outstanding stock of Legend Securities. The following table sets forth the beneficial owners of International Monetary Corporation:
Shareholder Number of Shares Percentage
Stocktrade Network Inc. 145,700 59.30%
Mark Sulavka 65,300 26.58%
Anthony Fusco (our officer and director) 21,700 8.83%
Salvatore C. Caruso 10,000 4.07%
Stratvest Financial Management 3,000 1.22%
The market for Legend’s brokerage services includes institutional, retail, and professional investors.
* Institutions - Typical institutions include mutual funds, hedge funds, and pension funds. Institutional investors are notable for large trading volume, demand for cost-effective and robust execution and demand for access to a range of markets.
Legend has the ability to service this type of customer because of its trading platform which provides real-time data and fast cost effective execution of transactions in equity and option markets.
* Retail Investors – retail investors typically demand three types of services:
1. Financial planning.
2. Trading via a broker.
3. Trading via the Internet.
You can contact this man.
http://www.linkedin.com/pub/2/59B/588
Join Linked In to use their service. Or just track him down through Fusco and Legend and call him at 39 Broadway. He is listed as StockTrade Network's (i.e. Legend) Chief Technology guy.
http://investing.businessweek.com/research/stocks/private/person.asp?personId=27332413
You'll want to find out how their plans for the StockTrade Network are going and how or if INXR fits into their plans.
Between him and Fusco shareholders can get answers and do DD without taking anything INXR says as gospel.
This is who you need to research for Legend:
http://www.citsolution.com/citTeam_fusco.htm
Search the SEC database for "Anthony Fusco"
http://searchwww.sec.gov/EDGARFSClient/jsp/EDGAR_MainAccess.jsp
And people can determine for themselves what purpose INXR could possibly play for them.
Saw that. Great snag. Congrats lucky dawg.
You don't get to pick and choose. They are all down and dirty and will sometimes drop you on low volume to wrangle shares from the bored and inexperienced or the impatient trader. You learn to work with them, that's all. And the primary solution is to pick a great company that makes the daily fluctuations meaningless. When we are trading at $2.50 soon you will not care about a MM shakedown from this morning one bit.
Fine research this weekend folks. Somebody will be able to take advantage of this morning to add to their positions. It's all good. The MMs are dropping the bid as much as possible to fish for your shares. Don't be foolish and get shaken out because this can take off any moment. We know what we've got here. This is one of the few gems of the OTCBB and is going to make some of us great fortunes. Busy now and will read more and post less for the time being, but I'm very much excited for our future with DPDW. Have a fine week
I'll take it in 1 year and I'll take it in 3 years. Give me $15 in a year, $30 in 2 and $50 in 3 or $50 in 1. Its all good to me.
Better than $50 a share? OK, great, but I'm really thinking of $20 first and then I'll determine for myself how much higher I think it will go. If DPDW became a truly gigantic success, and I think they are already a success so it certainly could happen, then I'll also have more financial data on a quarter over quarter basis from which to project potential long term valuations. Then I'll determine how the sector is doing, how it remains in comparison to the rest of the global markets and remains a hedge and thus a long term gain of 3-5X from $20 may make DPDW a continued quality place to let your money grow. And then from there will be the consideration of earnings kicking off dividends which could actually matter to a shareholder of my size at that point. I'd be basically retired and have exceeded my 5 year plan if you are right. But I'm happy first with $8, then $15, then $20. And maybe more. Good luck
Probably based on the fact that they collected $3M in cash from IronMan Energy 2 Fridays ago and because they would have been able to potentially negotiate a better share/cash package with either less dilution or less cash measured against the average share price for the trailing share price the past 10 business days. And Mako may also be ready to pull the trigger on it with DPDW because they will want to be in and vested prior to any additional big developments that could drive the share price even higher. Clearly the extra $3M in cash from Ironman is a catalyst. Timing wise it would make plenty of sense to see Mako acquisition closed at any time now.
I'll bite. How much money do they have?
Have they officially signed a lease for their first plane?
How much is the lease?
Certainly I would not be surprised (aroused, but not surprised). I'm prepared for the best, so to speak.
Yes, if they were able to generate millions in revenues their first year trading publicly and grow their staff, supply chain, distribution partnerships and client list then it seems pretty apparent that whatever the upcoming results are they will have just been setting the table for significant ongoing revenue growth in 2008.
It has a great deal to do with the people backing the company and invested in the stock. We have the same matrix of investors and supporters in DPDW. Believe, that is half the battle. The rest is up to the company. We are in good hands.
Of people who visited the expo, what was asked of INXR about their approach to shareholder equity? Somebody had to ask.
OK, no problem. I don't know your histories. I just chirped from a windowsill looking in. Don't mind me.
Stock Patrol is not 100% right about everything they do. Yes, they are sleazy. Yes, I can't imagine they are not teamed up with shorts. But they try their best to pick weakened beasts to go in for the kill, therefore when they attack a company you at least have to look at what they have to say because more often then not they actually are uncovering fraud. Their motivations may be wrong, but that doesn't mean they are wrong. I personally hope sites like tht do get investigated because I don't like people who do that. I don't even like shorts who use message boards to bash because I think they are of low moral character usually. But sometimes facts are facts regardless of where they come from.
Yeah, but maybe those were my first exposure to it. I was not following the BLTA board so my first exposure to those posts would not have happened otherwise. Maybe they help someone like me to do their DD and then it is up to me to decide whether they were useful or not.
Right, so instead of attacking them for it, address why the present is different in ways that resolves the discrepancies of the past and you come out looking good and then it is totally OK to promote your stock with openness and integrity instead of defensively. That's the way to do it.
What are you freaking out about? People doing DD on a stock necessarily go back in time and if they find something has been promised for years it is a valid point. You should never slam anyone for bringing up the past. If your company has changed and is about to walk the straight and narrow than you should not be so insecure as to attack someone else exercising their prerogative to look into a company's past. It is their right to do so and even if they are mostly a basher of companies that does not mean they can't help determine if the company is good or bad. Maybe the bad in the past is what you need to put behind you to succeed, but you sure are not going to to do it like that. I should have done the same more carefully with INXR before giving it the time of day. I gave them way too much credit for ability and honesty when if I had been really hard nosed about it I would have admitted to myself they had already had their chances and did not deserve my time and attention. They, of course, turned out to be total scambags and liars and now that stock is over 10B OS. And DPDW and BLTA are apples and oranges and don't belong in the same league whatsoever. You might like BLTA, but whether these guys like DPDW or not does not relate to whether they like BLTA.
I know. That Flotek chart is eerily similar. Another Ironman Energy Private Placement. AND IT IS AN AMEX STOCK!!! for those who pooh pooh uplisting to the Amex.
That is the company that handles many of the online CEO interviews for penny stock companys. And their expenses are drowning any revenues they have. You have to be concerned when the company that is entrusted to promote other penny stocks actually paid Lebed to promote them. That stock is in a free fall and the charts show a falling knife for months now.
Thank you. What did he explain about their intentions to act on their concern for shareholder equity?
I foresee something similar. 50 cent and one dollar leaps become quite familiar when the float gets locked away for safekeeping. Though the percentage moves are not always larger as you go up the ladder, it will still thrill some long term shareholders who may not be not used to having their positions go up that much in dollar terms in such short spurts.
It does provide a measure of safety for both the retailers and institutional holders who are buying. It does provide a 25%+ upside from current prices alone. Dahlman Rose's target is going to be respected. That alone may support prices next week regardless of what press releases are issued.
I just did a series of chart studies on DDPW over 1 year, 3 months and 6 months, daily, weekly and frankly I am not into predictions, but what I see is almost all indicators remain very positive. Last week did allow for a cooling down on some levels which can be good as it brings back in some money. Face it, traders are part of the equation. I have no problem with them. They sometimes give you that extra goose and they like to step in when they believe a stock has taken a breather before it goes up again.
What many people object to are traders who try to seed message boards with implications that are even more negative than those found in the charts themselves or they try to find those indicators that will bolster their arguments, all so they can buy it a little bit cheaper. But traders are not the problem. They add gasoline to the fire sometimes that breaks resistances and sets new technical levels and ranges for the stock to trade in. DPDW has some amazing long term indicators in play, but I'll not prognosticate. Good day
OK, good luck. It will at least be interesting to watch I will grant you that.
You do already have some facts that may answer your questions in part or in full.
They did sell 7B shares to produce cash while they were airing TV ads and launching product.
What their intentions for doing this is still a question for you to answer, but the facts are not disputable.
What is known is this group has no hesitation about selling shares at any price. There has been no coordinated effort to manage the share structure to maximize the financing opportunities while minimizing dilution. They could have done this, but the obvious willingness to sell shares at any price is now well documented.
It does seems improbable they would turn around and buy back those shares now.
A PR saying a buy back would be one strategy deployed to create buzz, but it is not a commitment. If they say they intend to do so and you do not see a quarter billion in volume a day for a sustained period then it would mostly be a statement to excite people, but not necessarily a pledge they have to keep.
And what happens regarding a RS each shareholder can track for themselves. Save this link:
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/corpActions.aspx?lx8nvq=RuCEchA3v4oMUTOInQpJbA%253d%253d&CorpName=IFINIX+CORPORATION
Click on it every day. If they have filed for a reverse split then nobody will need my interpretation. Then it will be every man for themselves and whomever knows first before they PR a surprise RS (or no PR, just a change in your position and share price may be all the notice you get the morning it becomes effective) will be the person who can exit at 1 before the stock becomes worth even less post-split.
True Dat. EMT is rubbish. Being counter to it is indeed what allows me to make my own calculated bets and grow my wealth way faster than that nonsense called Index Investing. OK, good night sweet topic good night. Zzzzzzzzzzzzzzz
OK, understood. Yes, you never know whether negative points raised can help you or not. It pays to keep an open mind, particularly when it comes to determining your odds. Some stocks have better risk/reward ratios. Some stocks have a fundamental asset value that you can calculate puts a floor on the price to protect you. This is why I said this will be a big gainer or a substantial loser within 6 months. Other stocks will not be as volatile as this one will be. It is up to each person to assess that risk and what they are willing to handle. It seems a bit more of a gamble than I think I'm willing to wager on, but I really am curious now how this plays out. Good luck with it
Sometimes the markets are just dumb. That's another answer. This topic should be put to sleep now.
I was not singling you out my friend. But it was said today. The post was contextually more broad than a reply strictly to you and I apologize for any misunderstanding like that. However, I do think the comparisons to GE are irrelevant and stand by that. Good luck
Questions for INXR Management:
In assigning $1.5M value to software:
1. What software is this?
(a) Real Time module?
(b) Does this include software not yet launched?
2. Does Drew still hold all proprietary rights to what is produced by the iFinix corporation or not?
3. If Drew announces all proprietary rights to intellectual property is held by INXR, will that mean all existing property and ALL FUTURE property as well?
4. How much of the $1.5M assigned to software value has Drew been compensated for already?
(a) Has Drew been given all of the $1.5M already? If not, How much so far?
(b) In what form exactly was he compensated for these amounts, in terms of cash and shares granted to him?
(c) How much of shares that he has been granted so far has he sold and how much does he still hold?
(d) How much of the $1.5M does he still remain uncompensated for and how does he intend to be paid for it, in cash or more shares?
(e) If he intends to be paid in cash, how will they raise that money, by selling more shares, from revenues or by borrowing money?
5. How much has Drew been paid in salary and other considerations in 2007 in addition to being compensated for the $1.5M for the value of the software?
It was a good discussion today. It was especially good for current shareholders. Framing the context of the situation is vital for them to properly monitor and evaluate their position in this on an ongoing basis. Frankly, this is not a stock you should take anything for granted. It is very rare to find management in this kind of corporate structure enacting these kinds of deals and rolling up big transactions rapidly to be fully focused on shareholder value. They are playing a calculated game of leverage and if it works it will end up benefitting the shareholders with a run up in the PPS in spite of any internal compensation or sweetheart deals, but if it doesn't you'll end up holding the bag. So diligence is required here, that's all. If this works, you'll see $6-8 a share within 6 months probably and if it doesn't it could go well below a dollar. There won't be some comfy middle ground at $2 indefinitely. The stock will move in a definite direction up or down technically this Fall. Good luck to current shareholders.
The reason is probably quite simple. With all of the deals they are juggling and all of the ten million dollar checks they have to write they got caught short and decided they needed cash FAST and pronto. So they went to Cornell. And that is exactly the point I've made earlier. Read many business biographies and you will see that some very big businesses have crumbled overnight because their bankers said NO when they exceeded their overdraft and needed more money to service one of dozens of bills. Virgin Atlantic came within inches of default more than once because their bankers would not let them draw any more credit when they needed cover a short term debt. They are now a major airline, but British Airways was trying to crush them as a startup and they almost succeeded. TTGL could go on to success, but they seem to be playing a game of musical chairs financially already and if the music stops and there is no chair waiting for them it can trigger a chain reaction of defaults. That is why I said Worldcom because these acquisition rollups fail as often as they work. People should study a little history before they call someone a basher. I'm just injecting a little common sense into this so you know to keep on your toes.
What did you just write? It made no sense.
What is not true? The filings?
That is not what my concern would be for you. As a holding company, what may hold value in one holding can be bled to service the debts of another. My basic advice is to not get blinded by the value of any one aspect of their acquisitions since it may get subsumed into the whole in ways that deplete that value or in ways only a dedicated follower of the filings will be able to compute. I've seen acquisition roll-ups that were brilliant looking in theory, but the acquired debt ended up burying even the better qualities of the companies within that matrix of financial obligations. That is why I responded to the posts about the filings today and why I said Cornell is a bad sign because they are either a lender of last resort or used to fill holes in a leaking ship or used for emergency stop gaps. The only problem is the money derived short term from such deals always bleed you for far more value longer term. Don't ignore such obvious signs of concern. That's all I am saying to you.
Nah, at $5 we'll be talking about the next $10M in orders and the Wall Street roadshow management is taking to present their newly uplisted company to the big boys. There won't be time to waste talking about a few nervous flippers.
I followed this company as a PCB manufacturer and now it is a whole other beast. I'm not a basher of this company. I'm a serious skeptic going back years. But good luck with it.
Oh rubbish. You know nothing about the history to GE. Please refrain from making emotional statements. Stick to facts.