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INIX is gonna take off big soon based on chart and technicals.
Watch this one guys.
Once it starts running its headed to .05 - .10 = 5 to 10 bagger.
INIX chart is primed for a 5-10 bagger
http://stockcharts.com/h-sc/ui?s=INIX&p=D&yr=0&mn=6&dy=0&id=p39782424089
Check out the chart on INIX, stock is primed for a move to .03-.05
http://stockcharts.com/h-sc/ui?s=INIX&p=D&yr=0&mn=6&dy=0&id=p39782424089
Subscribe To RealTime is now on the front page of the site...looks like we're gearing up for launch
http://www.ifinix.com/
Whoa NEW SITE JUST UP....REALTIME pricing $20/month
http://www.ifinix.com/
Couple of penny sites profiled INIX this weekend
Watch it this week, they're saying its the next 5-10 bagger.
Also important note:
the 658,000,000 share number under basic and diluted share count at the bottom of page 4 of the quarterly report is wrong.
XQZME contacted Ben. The accountant used the wrong formula in determining the Weighted Average. The correct number is 106,761,588. The financials will be corrected.
Thanks XQ...again the real outstanding share count as of Sept 30,2009 is 106,761,588 NOT 658,000,000.
Somethings up, bids are all of a sudden getting stacked on L2
NITE and VFIN at .0103
VNDM and WECK at .01
They weren't even aggressively marketing iFinix Futures and revenues still increased sequentially...anyone else have that fuzzy feeling that the 211 is coming real soon?
Have a feeling FINRA was waiting on the quarterly report and settlement of the last of these legal issues to approve the market maker...have a feeling we see the 211 approval within days.
Chart is setting up perfect for the start of a big leg up any day now imo.
Quarterly Report says RealTime on schedule and profits coming:
* "The company's goal is to release our redeveloped iFinix RealTime software which is on schedule to be released before the end of the year."
* "The financial condition of the company as seen in the recent financial statements shows that the company's revenue continues to grow due to increased marketing and new strategies being implemented in its subsidiary iFinix Futures. Despite the increase in revenue the company continues to be at a loss, HOWEVER MANAGEMENT BELIEVES THAT WITH THE RELEASE OF ITS REALTIME SOFTWARE REVENUE IT WILL ELIMINATE QUARTERLY LOSSES IN THE FUTURE."
* iFinix Futures Commission increased sequentially from $78,193 to $82,107
* Total Revenue increased sequentially from $101,531 to $106,504
* Cash & Cash Equivalents increased sequentially from $70,846 to $129,047
Looking thru the 10-Q you find that $1,450,867 of the $1,636,610 in "operating income" is due to "debt forgiveness" because the management of the funds which were financing them either went to jail or died so they just wrote it off as "other income"....lots of dilution going on here thru their present financing arrangement as well....not bashing this play, story looks interesting, just adding some additional DD
Net Income
Our net income for the nine months ended September 30, 2009, was $1,636,610 compared to a net loss of $16,775 from our previous year. The increase in net income and our resulting profit was attributable to debt forgiveness.
Note 4 – Debt extinguishment
On March 24, 2004, we entered into a Secured Convertible Promissory Note with Pinnacle Investment Partners, LP for the principal amount of $700,000 with an interest rate of 12% per annum. On February 10, 2005 we entered into a note extension agreement whereby Pinnacle agreed to advance an additional $400,000 and extend the maturity until April 24, 2006. On July 1, 2006, we entered into a second extension of the note which matured on December 24, 2006. Through the period ending March 31, 2009 the company accrued interest at a default rate of 12% per annum on this Note. The Note was convertible at a rate of $0.30 per share and has been secured by 2,212,500 shares of our common stock held in escrow. Through July 31, 2006, Pinnacle has sold 924,948 of the escrow shares valued at $406,215 which was applied to accrued interest and the principal balance of the note. During the six months ended June 30, 2009, in connection with our obligations to Pinnacle Investment Partners, LLP, we recognized a gain on debt extinguishment in the amount of $1,329,690 representing a principal balance of $920,379 and accrued interest totaling $409,310. The extinguishment has been recorded as a result of being advised by the fund management on July 31, 2006 to “stand still.” Further, on September 23, 2006 an attorney associated with Pinnacle advised management that the fund had been closed and all operations of Pinnacle had ceased. In addition, management was also informed by the attorney in fact, of the death and incarceration of the funds primary principals. As of the date of this filing there has been no further communication or contact. Management has made attempts to locate and communicate with the former fund and has been unable establish the whereabouts of either management or an attorney in fact. We have evaluated the classification of this gain and have determined that the gain does not meet the criteria for classification as an extraordinary item. As a result, the gain has been included as “Gain on extinguishment of debt” under “Other income (expense)” within income from continuing operations.
On February 7, 2005, we entered into agreements with Mercator Momentum Fund, LP and Monarch Pointe Fund, Ltd. (collectively, the “Purchasers”) and Mercator Advisory Group, LLC (“MAG”). Under the terms of the agreement, we agreed to issue and sell to the Purchasers, and the Purchasers agreed to purchase from the Company, 20,000 shares of Series “C” Convertible Preferred Stock at $100.00 per share. Additionally, we issued 1,250,000 warrants to purchase share of our common stock at $1.60 per share, all of the warrants expired on February 7, 2008. To date, MAG has converted 2,140 shares of their Series “C” preferred into 1,372,901 shares of our restricted common stock. On October 8, 2008 the company received a letter from Kroll (BVI) Limited of the British Virgin Islands informing the company that the Monarch Pointe Fund, Ltd had lapsed into receivership. On February 11, 2009 the company received a call from the U.S. based agency identified in the Kroll (BVI) letter of October 8, 2008. This agent informed the company that the Mercater Momentum Fund, LP, the other Purchaser of the company’s Preferred C stock, was itself a part of a separate receivership process. The company was advised by Kroll (BVI) to cease all communications with Mercator Advisory Group, LLC the former managing entity of both of the Mercator investing entities. As of the date of this filing there has been no further communication or contact. As a result of the failure of MAG and managements inability to contact the fund, we have recorded debt extinguishment in the amount of $121,178 representing the principal balance of $87,309 and accrued interest of $33,869. In addition, the board of directors cancelled 17,860 shares of the preferred series C stock issued and outstanding. We have evaluated the classification of this gain and have determined that the gain does not meet the criteria for classification as an extraordinary item. As a result, the gain has been included as “Gain on extinguishment of debt” under “Other income (expense)” within income from continuing operations.
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001078782%2D09%2D001782%2Etxt&FilePath=%5C2009%5C11%5C13%5C&CoName=INSTACARE+CORP%2E&FormType=10%2DQ&RcvdDate=11%2F13%2F2009&pdf=
INIX INIX INIX Primed for Takeoff
watch it guys
Watch INIX guys big news pending, chart primed for takeoff
$700K mkt cap, ready to launch
STLK $150K mkt cap just reported net income with huge growth!!!
10 bagger in the making here
Talked to Ben yesterday, he said they've answered all of FINRAs questions so 211 approval could come at anytime, and they will PR it as soon as they get the approval.
He also said RealTime is definitely coming out this quarter.
Watch INIX guys...huge growth only $1M mkt cap
Chart shows it can see .05-.10 on momentum.
Mkt cap is tiny relative to growth.
News of transfer to OTC pending any day now.
ZVTK taking off on volume like pennyland is coming
Same feel as SPNG before it took off big.
ZVTK taking off major breakout on the chart
Looks like .005 coming
http://stockcharts.com/h-sc/ui?s=ZVTK&p=D&yr=0&mn=6&dy=0&id=p40641725663
Told you guys yesterday something was wrong with this company...
I picked it up from the way he addressed the retirement of shares question...said he couldn't confirm it but asked the company to clarify.
This stock is done, who knows what theyre doing over there.
Glad I unloaded it all yesterday.
Returned 1,027,429,535 to Treasury BUT issued 998,222,100 shares...
outstanding shares still 2,129,891,002....no real reduction?
Anyone know what the bid/ask is on L2?
Thanks
Talked to IR today...
1-800-400-1290
Spoke to a gentleman who basically made it sound like the company is dragging its feet on PRs, and he doesn't really know why. He wouldn't give me a timeframe on any PR either...it sounded like one wasn't coming any time soon.
I asked him about the 1B shares retired and he couldn't confirm that...he knew what I was referring to but couldn't say anything about it except that he urged to company to put out a PR to clarify it.
What i came away with was that there is something fishy going on. I dont know what, but something isn't right with this company....maybe theres a reverse split company I dont know, but something fishy is going on.
whats COB?
Is the 211 for INIX to get a MM to trade its own stock, or for INIX to become a MM for other stocks?
Look anyone whose nervous go ahead and sell...
I'll be selling you your same .0015-.0018 shares back in the .004-.006 shares range in the next week or two.
Watch and see.
Charts dont lie...
http://stockcharts.com/h-sc/ui?s=PMDP&p=D&yr=0&mn=6&dy=0&id=p51391744575
Ahh I see, great thanks...
Would love to see an intraday PR
Figured, and how did pinksheets confirm
the 1B shares retired without a PR?
Whats a 1b?
Watch IDTA guys
Keep an eye on it, watch and see.
IDTA about to breakout big i think....US retail chain news pending...
"We have been informed that two of the largest American chains are ready to start the process of placing the new detector on the shelves of their stores. The names of the chains will be released when the negotiations are finished.
Identa Corp and Earthbound LLC will have a very important high level meeting in mid-November with one of the two drug store chains."
PMDP profiled tonight on a bunch of trading sites
PMDP.PK – The Picture Perfect Penny Stock Breakout.. It doesn’t get Better Than This
Penny Stock Pick : PMDP.PK
I try to stay away from penny stocks as much as possible as they are the slums of the stock trading world. Extreme volatility and hardly liquid stocks. But every once in a while they are some opportunities that are just too good to pass up such as our CSUH.OB trade earliar this year that we banked +138% on.
PMDP.PK is a super sub penny its trading with a closing price @ just .002 right now so there is some huge moves that can be made with these sub penny stocks so the risks are very high. But rewards are of epic proportions as well.
PMDP.PK probably has the best breakout chart that i have come across in several years in a micro cap penny stock as this is breaking out of its double peaks made @ .0018 that were made over the past 5 months while hitting its record volume today. Sky is the limit as to how high this stock could fly as there is really no resistance ahead of us to halt this breakout from a continuation. I picked up shares of PMDP.PK @ .0018 today and alerted the Black Service crew of my position via our real time trade alerts system sent out in chat, txt, and email.
Looking for at least a +50% gain on this play.
Blog Post and Chart Analysis: http://thetechnicaltrader.net/?p=2041
The chart says it all, look how close .01 is....
http://stockcharts.com/h-sc/ui?s=PMDP&p=D&yr=0&mn=6&dy=0&id=p20293511617
Float is drying up guys, and MMs are trying to accumulate as many shares as possible here.....next stop is .004-.005 guys watch and see
the breakout on the chart doesnt lie:
http://stockcharts.com/h-sc/ui?s=PMDP&p=D&yr=0&mn=6&dy=0&id=p13197322455
One hedge fund comes in, and the stock is gonna skyrocket...
The tiny 900M float is drying up, one big fish enter and itll be under their total control to take it as high as they want.
Look at the chart...see that .016 up there
http://stockcharts.com/h-sc/ui?s=PMDP&p=D&yr=0&mn=6&dy=0&id=p48760768066
Once .0021 falls prepare to chase
Newbies don't even know that the outstanding shares were reduced by over 1 Billion shares last month :)
+2B down to just over 1B
Company is setting up the stock for a big PR blitz
Writing is on the wall.
Float is only 925M per pinksheets
Float is slowly getting locked up.
Stocks gonna make a big run next few days guys, watch and see.
Estimated Market Cap
$1,627,170 as of Nov 4, 2009
Outstanding Shares
1,251,668,902 as of Oct 23, 2009
Authorized Shares
5,000,000,000 as of Oct 23, 2009
Float(shares)
925,463,453 as of Oct 23, 2009
Number of Shareholders of Record
680 as of Oct 23, 2009
See if you can figure out where we're going by the chart
http://stockcharts.com/h-sc/ui?s=PMDP&p=D&yr=0&mn=6&dy=0&id=p48760768066