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.
Only if folks start hitting the ask and quit whackin the bid
Shares gotta be getting tight. I keep buying so someone is selling. Sooner or later the price has to go up cuz I aint giving mine away any time soon.
That was a $24 whack!
That .0046 buy was mine. wanted to knock it up early
Can anyone see the pre-opening buy orders? If so, how do they look?
Excellent advice!
Yes, King, I went from 10Mil+ shares to 10K+ due to r/s
I spent the time since buying back and averaging down. Once the pps goes above .01 I will be even.
Now, after many conversations with Ben, I believe this company is on the right track and making smart moves. IMO, this company will have an MM by eom. If so, it will show all sh's that Ben is doing what is needed to make the company successful
We do have a right to disagree and I do believe you will be proven wrong when all is said and done.
I am curious, are you an iFinix shareholder or, are you just an outsider looking in?
All companies start from nothing. Microsoft, Google, Apple were all started in someones garage with nothing more than a vision and a dream. If RealTime delivers a full-spectrum trading platform it could change the way traders do business.
How many people told Bill Gates or Steve Jobs their ideas were absurd? Pinks are risky - dare to dream!
Look King, iFinix would be crazy to r/s now. They are working hard to line up a MM and get RealTime out. Sure, over the past few years we have all hoped for the best. However, this time I believe strongly that iFinix is on the verge of something huge. All I am asking of you is this, if you honestly believe they are going to r/s 100,000,000 shares then sell and move on. Otherwise, restrain from such wild speculation.
I respect your right to disagree however trying to convince the readers of this board that an r/s is imminent is just crazy.
I think by the end of Sept, you will be retracting everything you have said to date about this company. GLTY
Whether you send the payment to the TA or iFinix, the shares can't be sold for a while.
Only shareholders of record on July 8 will receive the warrants.
If iFinix can get a MM to file the 211 and list the stock, the pps will quickly move into pennyland. Give Ben a chance, he could still make it happen by eom.
Holding out on the warrants only prevents iFinix from gaining the capital the pr said they needed to launch RealTime.
Hmmm RC,
I think you'll be wrong on this one. IMO, there will be news before the eom and it will get us above .01 or higher
Well, that last trade was for $154
For twenty dollars more they could have hit .005 and shoot for the ut
Nope, gotta whack it down some and keep the pps in reverse
I'd be surprised if they even sell any at .003
Ok, your technically right in that they do change the name so the A/S is not affected cuz it is now under the new symbol. the shareholder still gets screwed. But I think I am right in that iFinix is not going to r/s this stock.
"Outstanding NEWS are due to come out at the time of the meeting."
OR SOONER!
Don't be an idiot! A 1000:1 split would take the A/S to 100K shares. That will never happen.
Anyone reading this board should know that iFinix would be signing its death warrant if they did that. A pinkie with only 100Mil, 300Mil considering the warrants, and it is still far far below the average pinkie's A/S.
If you or anyone else honestly believe iFinix would do another r/s now, you should sell and never look back. Do us all a favor and take your crazy ideas to another board.
Readers, do not panic on crazy posts like the one from King Oil. You will soon be rewarded. IMO, there will be more good news coming soon.
Remember one thing when considering the warrants. Buying the warrants [ restricted shares ] directly from iFinix puts immediate capital into the company which can be used to execute their business plan i.e. releasing RealTime. Yes, you will have to wait a year to sell them however you are also helping the company to be successful. If you are just a flipper and not interested in the long-term success of iFinix then I guess the warrants would not interest you. However, when a MM lists the stock, once it uplists to the BB, and once RealTime hits the street, who knows where the pps will be in a year. It could be above .50 IMHO
If it indeed does go down to .0008 then you would be correct in your thinking. However, if iFinix lines up a Market Maker then I gaurantee the price will never see double zeros again.
Once more positive news [ not fluff ] hits the street, the pps will head back above .01
To beat a dead horse, large holders that pick up the A warrants will help raise immediate capital which in turn can be used to roll out RealTime sooner than expected. Ben mentioned during the Conference Call that iFinix was looking to raise the remaining capital to complete the release by the end of the year. Obviously, if they can get it sooner, RealTime can be released sooner.
I sent in both my payments today and will do the same for the B warrants.
Hmmm, and someone said this thing was dead.
Gotta hit the ask! The bid sitters continue to hold the pps back.
Done.
I figured it would take a little longer to get to you overseas.
Volume picking up.
How is that? The $37.50 goes to the TA. We had thought it would have to be paid to our brokers. The check to iFinix is for the actual stock.
Just FYI, Transfer Online wanted $27 per warrant letter to mail them out to the shareholders. With 2500 shareholders, it would have cost iFinix $67,500 just to get the warrants out. Instead, in order to save money, Ben and his staff personally printed the warrant information, stuffed the 2500 envelopes, applied postage, and then mailed them. It took them four days to get that done. That does not sound like a company and CEO that throws away money or wants to ripoff the sh.
Looks like someone is whacking the bid again.
OK, I just spoke to Ben at iFinix and this is how it works.
The Exhibit A does not list the number of shares on record as of July 8. The shareholder will have to verify that information through their broker. Most of us already know the exact number we held. You then write a check for the number of shares held x .0008 and make it out to iFinix Corp. The processing fee of $37 is made out to Transfer Online and that will allow them to process and mail out the Stock Certificate.
Once Ben receives the warrant paperwork he will verify your amount by the number of shares iFinix shows for you.
Mine are already in the mail.
Obviously, the warrants are not for every shareholder, especially those who hold only a few shares - at least not at today's price. However, what happens if the pps is .5 in a year? You would recoup the $37.
As someone who speaks to Ben at least once every two weeks, I know that he does not speak our language as well as you might. He has a tendency to pronounce words a little bit off their original pronunciation. He did not mean to say "uplifting" if that is indeed what he said. He meant uplisting.
I agree that gettin Market Maker representation and filing the 211 is not the same as uplisting. In order to uplist to the BB they must file audited fins. iFinix is in the process of completing them. However, having an MM list the stock will stabilize the price swings and will add credibility to inix.
Uplisting is overrated. Having a dedicated MM, launching RealTime, and executing other parts of the business plan are far more important.
I read the same article several weeks ago. Sure, the company's treasury is reduced by the number of warrants issued, however since they are restricted they do not affect the float until they are converted - at least one year.
You are beating a dead horse.
If shareholders are unhappy about the warrants or the whopping 300Mil A/S, they should move on to another stock. We'll be more than happy to buy any shares they have.
The sooner iFinix has the operating capital to launch RealTime, the sooner we all start to make some serious money. With that said, the sooner the warrants are exercised, the sooner the launch will happen. IMO, it could happen before the LV meeting if they can raise the capital. Ben has said several times he wants the shareholders to benefit from the company's success, not an institutional lender.
Not for the first year.
I am not disagreeing with you. I'm saying it will not affect the float because the are restricted shares for the first year. If RealTime is as good as predicted, the uplist happens, and they acquire the equities firm, the pps in a year should be much much higher than it is now.
Again, 300Mil A/S is small and does not worry me. There should be absolutely no concern about another r/s with such a low share structure.
Yes, but in order to get the reduced price for the B warrants they must exercise them sooner.
I heard what he said. I agree that he said they could lower the A/S back down. However, even if they choose not to the total A/S would be fine since most of the shares would be restricted. If you're not happy about it you can always move on to a pinkie with 10 billion shares.
It was said during the CC. They are legally required to raise the A/S in order to cover the warrants. They cannot legally cover the warrants without actually having the shares. IF all warrants were exercised, which will not happen, that would add an additional 180Mil shares. Once all warrants are exercised iFinix can then reduce the A/S back down to the level of current A/S of 100Mil plus total warrants exercised.
Is it possible iFinix will leave the A/S at 300Mil? Of course, but again, 300Mil is well below an average pinkie.
That is not true. The warrants will be restricted shares and will not affect the float. Even with an A/S of 300Mil it is well below the average pinkie.
A larger company or, perhaps, even iFinix could buy back a large portion of the stock once RealTime proves it is the real deal.
I believe that if major share holders, 500,000 or higher, exercise their warrants ASAP, the release of RealTime could move to third quarter rather than fourth quarter. If that were to happen, iFinix could potentially demo the software at the LV shareholders meeting. How sweet would that be?
I will be exercising both A & B this week.
The fee required to get the additional shares and the broker fee will be of no concern to me if the pps is above a dollar in 18 months or sooner.
I spoke to the TA last week and the current A/S is 100Mil.
The A/S will be raised very soon in order to cover the warrants. Once the deadline for the warrants has passed, the A/S will be adjusted down to eliminate dilution.
Many people were hammered by the r/s and most did not stay with iFinix and average down. I too was wiped out by the r/s but I stuck with it and averaged down. After the former CEO passed away, the current CEO, Ben Munroe, has moved this company in the right direction. I am now confident in the Board and the decisions they are making.
Once RealTime is released, IMO, it will set the standard and the pps will move sharply upward. IMHO, the pps will be above a dollar, if not higher, in 18 months. I am in this for the long haul.