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No Dawg, that would make too much sense. LMAO
I'll call them today and see what I can find out.
You might be right although the uplist could come the end of next month. I believe there is still some confusion over the warrants and how shareholders will actually receive them. Another pr could clear that up.
Would love something to pop and take sp into pennyland this week.
Not much volume early on. A pr would be nice to see today.
Picked up another 62,000 @ 47 earlier. Every share I can keep away from the mm's is good thing.
I agree, IMO the big news will be the announcement that the new version of RealTime trader is ready for release. A full demo to the shareholders and feedback would be awesome.
Additionally, news that iFinix is bringing on a solid investment partner, and that partner was going to buy-back a large portion of the OS, MAN this stock would be primed.
As long as I get them, I do not care how I get them LOL
Just in case someone asks:
NOBO stands for Non Objecting Beneficial Owners and allows the company to identity a portion of its beneficial shareholders who maintain their ownership through a brokerage and who have instructed their broker that they do not object to the disclosure of certain ownership information. The NOBO list shows a more complete corporate ownership profile than is available from the transfer agent alone.
I just spoke to Ben about the warrants and he told me that the TA, Transfer Online, will automatically send the warrants to all of the shareholders of record on July 8. He asked that we not contact the TA so they don't get bogged down with calls. Ben said the TA has all of the information to send out the warrants.
So, how does the TA verify what our recorded shares were on July 8 if we trade through Ameritrade or E-Trade, etc?
Obviously, .005 would have been better LOL
Two years ago the now deceased CEO of iFinix was touting the Real Time trading platform. Promised it was going to be great. Everyone bit and the stock went up, for a while. Then the Real Time turned out to be a dud and it went back to the drawing board. As a result, the stock tanked and resulted in a 1000:1 r/s Killed most of us. Now, under new CEO, things seem to be turning around. Ben appeares to be a better manager/leader and is making more sound decision and taking the company in new direction. Once uplist happens, and the new Real Time comes out, the pps should go a lot higher. Do not let go of shares.
Oh here we go again. Now that this stock might move, the doom and gloomers come out of the cracks like cockroaches. Rack is probably an MM hoping to get us to dump shares. Go to a different board and spread your poison, you're not welcome here.
Let's hope so. This roller coaster is making me dizzy LMAO
Something needs to happen to make this pop
WTF is going on?
"A" warrants have not yet posted to my AT account. Hopefully, they'll post by Monday. Hard to exercise them if they aren't listed.
NO. Holding long. Hoping this hits .1 after uplist
I am not selling anytime soon, was just hoping for some volume.
This still sucks after yesterday
I just heard from Ben Munroe, iFinix CEO, and he said the new and improved Real Time will be coming out in the near future. Hopefully, it will be 1000% better than the original.
I hope you get the sale this year LOL
Need an MM to grab this and run with it.
After two and half years in this stock and suffering trough the r/s, I was certain it was finally toast when it went back down to .0004 Now, in hindsight, I wish I had sucked up a few million shares while it was in the tank.
That would require a 1000% jump today. Sounds similar to comments made two years ago. I think 10 days of 100% green might be better.
With this news, curious why so little movement.
Can someone tell me who is selling all of these shares? Is it the MMs?
I contacted Ben at iFinix and he said he has no idea why this is happening.
You can reach him by calling the phone number listed on iFinix's website. I'm sure he can't wait to get your call and have you blast him for his poor decisions and for being a lousy CFO.
I have spoken to him on three occasions and he seems sincerely concerned for the stockholders, the pps, and the future of iFinix. As a corporate executive myself, I do not get the impression he is trying to screw all of us out of our hard earned money. I, too, have lost more than $10K on this but I am averaging down and confident that, as a long holder, this stock will come back.
With all due respect, if you can't take the heat in the "pinkie kitchen" better get on to something else.
Side,
If released it technically would be called dilution. However, as other posters have noted in the past, even if all 50M were released it would only total 100M. For a pinkie that is a very small number. From what I took away from the conversation, if they [iFinix] can get by on current revenue levels then there will be no need to release the shares.
Perhap, your question can be answered "They are using profits to operate the company rather than releasing [diluting] the extra shares.
I spoke to Ben Munroe at iFinix today for about 20 minutes. During the course of the conversation, I mentioned that investors are concerned at the delay in the 15c-211 filing and with the new 50M shares. I also mentioned our previous conversation in November in which he said the 211 would be out "sooner than later".
Ben said that he shares investors concerns about the .004 sp however a lot of that is out of his control due to current market conditions. Ben assured me that he is working diligently to get the 211 filed and he told me he has several firms working on it. He said his goal is for INIX to be listed on the OTC-BB before June.
I mentioned that is has been a while since the last PR, which really did not mention anything about the state of iFinix, however he said that he does not believe in pumping the pps through fluffy [worthless] PRs. He said that when the next PR is put out he wants it to be meaningful to the investors.
He said that it was tough taking over after Druh passed away and that iFinix is working hard to recover from tough losses in 2006 and 2007. However, he told me the company is doing well and that he is 100% committed to getting iFinix to the next level. He did say they are getting revenue as a result of recent business actions.
Lastly, he said that he knows what is being said about him and the company on the various Boards and it pains him. I took away from the conversation that he is forthright and doing all he can during this bad economy to take the company to profitability. He did make a comment about the 50M shares that were mentioned recently and he wanted me to know that the shares have not yet been released. The only reason they would be released is to obtain operating capital -- which I fully understand.
FWIW I say, give the guy a break as 2008 saw the company's CEO pass away and the economy is in the tank. Many U.S. companies have seen their pps drop more than 70% recently.
GDTY
Aye Aye Captain,
I too am waiting for the elusive 211. I have spoken to Ben on more than one occasion and left several emails imploring them to get the filing completed. Like you, I am holding for news.
Total AS of 100M is not that large for a pinkie. If all additional 50M shares sold at this price it would only gain iFinix $400K in capital to help meet its goals. You obviously are not in a business that relies on capital to make payroll and other commitments. Once the 15c-211 is filed and if a profit is reported, this thing could take off. If you don't like what you see just go somewhere else and pass along your whining to another board. I am continually amazed at all the whiners and naysayers who frequent this board. If you do not like the company don't invest and just go away. Personally, I was hit hard by the r/s however I have averaged down and will give Ben a chance to impress me once the 211 is out.
No volume today. I know there were orders waiting to be placed today so why were they not converted? Any ideas?
The 15c211 is used to provide fully reporting public companies a way to have their securities quoted on the National Association of Securities Dealers' Over-the-Counter Bulletin Board (NASD OTC/BB). A company intending to obtain a quotation for its securities has to file in some simple disclosures through form 15c211 with NASD, and once approved, it will be able to trade its stock on the OTC/BB.
You are correct it is shown as Ask .03 Bid .003 That's quite a spread.
XQZME for not getting your meaning.
You mean .0085
I received a call from Benhope Munroe, iFinix CEO & CFO, this afternoon and he informed me that they are currently working on the updated 15c-211 and hope to get it submitted soon. He also said that as soon as that happens he will submit another pr. He is keenly aware that we are anxious and he is doing his best to complete the filing as soon as possible.
I hope this informations helps some of you.
Heavy volume with no real movement in the pps. Someone must be making some money but it sure isn't me.
Any ideas as to what is causing this large volume with no real uptick in pps?
Hopefully, we'll get a pr in the next few months providing earnings. If the 15c-211 has been approved by then and earnings shows positive revenue, then who knows where it could go. I guess it will depend on the MM.
I have waited this long and suffered through the rs so a little longer to get good news is no problem.
I called iFinix at 1:45pm EST and spoke to Ben. He told me that he is not allowed to talk specifics about the updated 15c-211 other than to tell me it is nearing completion and will be filed sooner than later. Once done he said that he will put out the PR.
He was very cordial.