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.
Seems like it is some sort of release from today....very interesting
The small amount of buying every day and the price increase points towards something going on and a float that is very tight....looking forward to the next few weeks to see what is going on with this stock
UITK Over 5 million in volume after being dead for a couple of years....just reinstated on 10/13....ran from .003 to .014 and then pulled back to .007 then moved up o close at .01.....could be a huge play in the making
UTIK A lot of volume out of the blue and price usually follows volume...Have to think something is up
Not sure about 500% but certainly expecting a nice move up from here
Consolidating for next move up...looking very strong here
PCIO consolidating well with strong bid support...getting ready for next leg up
Press Release Source: InferX Corporation On Thursday September 2, 2010, 5:47 am EDT
STERLING, Va., Sept. 2 /PRNewswire-FirstCall/ -- InferX Corporation (Pink Sheets:NFRX.pk - News), announced today that it has been awarded a contract to analyze improvised explosive device (IED) data using InferX predictive analytics software. This initial contract is to analyze the IED data represented in a semi-relational form and other types of reports, often with a high percentage of free text.
(Logo: http://photos.prnewswire.com/prnh/20091102/PH03698LOGO )
(Logo: http://www.newscom.com/cgi-bin/prnh/20091102/PH03698LOGO )
"Through the application of InferX's Predictive Analytics technology, we have the ability to conduct analysis without limits on the size of the database or whether the data is structured or unstructured, thus giving us the ability to conduct enhanced research that we have not been able to do in the past," said the Department of Defense (DOD) client.
The main focus of the project is to provide additional insights gained by analyzing political, military, economic, social, informational, and infrastructural (PMESII) information from multiple sources linked to raw IED data. This analysis can potentially lead to the discovery of new preventive measures that could be used to develop new processes, procedures, and training enhancements (i.e., answering a question on what might plausibly happen again, under what circumstances, and what causal relationships could be identified to prevent a recurrence). InferX technology provides the ability to rapidly conduct predictive data analysis within a framework of disparate data sources without bringing all the data into one central data warehouse.
Vijay Suri, President & CEO of InferX Corp, said "We are honored to be engaged in this mission critical project supporting IED analyses for our client in the DOD and coming up with a possible solution to address one of the key challenges to the operational safety of our servicemen and women."
About InferX Corporation - www.inferx.com
InferX is the market leader in next generation distributed Predictive Analytics and Business Intelligence Products and Solutions. InferX has pioneered and commercialized a powerful, patented suite of advanced data analytical solutions that improve corporate performance across the enterprise in the healthcare, financial services, and government markets. InferX is uniquely capable of delivering secure, real-time, and privacy preserving intelligence and decision support -- all without the need to move data. InferX is headquartered in Sterling, VA.
Forward-Looking Statements
Certain of the statements contained herein may be, within the meaning of the federal securities laws, "forward-looking statements," which are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. See InferX's Form 10-K for the fiscal year ended December 31, 2009 for a discussion of such risks, uncertainties and other factors. These forward-looking statements are based on management's expectations as of the date hereof, and the company does not undertake any responsibility to update any of these statements in the future.
©2010 InferX Corporation. All rights reserved. All trademarks and company names mentioned are the property of their respective owners.
Here is a quote from the recent filing.
The timing of contract awards, the availability of funding from the customer, the incurrence of contract costs and unit deliveries are the primary drivers of our revenue recognition. These factors are influenced by the federal government’s October-to-September fiscal year. This process has historically resulted in higher revenues in the latter half of the year. Many of our government customers schedule deliveries toward the end of the calendar year, resulting in increasing revenues and earnings over the course of the year.
As someone who has spent time working for and with the government I can tell you that new contracts will be going out starting the first part of October and continuing through December, at that point the majority of the government contracts for next year will be complete and there will not be many more contracts given out through the rest of the fiscal year. This is even more so in the line of work that InferX is in. So everyone who has been expecting new contracts from the government or increased contracts in the last few months, that was not going to happen and it's certainly not because things are not going on behind the scenes. These companies are showing their product and making sales pitches for 9 months for these govt contracts. I know everyone wants things to happen at a much faster pace and let me tell you that's just not how these things work. Looking forward to the months of Oct - Dec for new contract announcements even though we will not see the increase in revenues until next year. I'm a firm believer that patience will pay off for investors in this stock. I haven't wrote anything on here in a while, got tired of being accused of being part of the company and the ten year old type taunts of some on here. I'll go back in watch mode and good luck to everyone still holding or adding to their stock here. I'll continue to hold what I have and add from time to time until our day comes.
You need some xanax
LMAO...you are a joke
You need to crawl back in the hole you came out of....You are no stock holder, I know it and you know it....the strange thing is that anyone with any brains knows what your agenda is, yet you continue to waste your time. It's laughable
I know what I realize. Silas joined a few days ago and has only made posts on this subject and every one of them is questioning the validity of this company....anyone who starts doubting them because of him is crazy. I have no idea what his agenda is but sure questionable. Know what you own and don't listen to others. If you don't know, take the time to find out.
If we start seeing fluff, I'll head for the sidelines. One of the attractions of this stock when I got involved was the management team and the products and the fact that it was not your normal pink stock putting out fluff press releases every week. Been involved in too many of them and the result is always the same. You can make a quick hit and get out but you better not stay long or you will come back without your shorts. It doesn't change anything if they trade 500 shares in three days or ten days, the fact remains of what we own. As I have said many times, if you are in this to make a quick dollar, it's probably not the stock for you. If you are looking for a solid long term investment that has tremendous potential, then this could very well be a good place to be. If you do the research about the products the company has and the people running this company, then you should feel very comfortable with your investment. I trade stocks short term as well but this is just not one of those stocks, at least not now. At some point, we will see contract news and what is happening along the financial road but personally I'm willing to wait and would just as soon not see the stock being driven by day traders. Every month the float gets a little smaller and a few more investors become aware of the stock. Heck I can remember not too many months back when it seemed like there were only two or three of us who even knew the stock existed. Get in early, sit back and wait for the ride.
I didn't mean that the PR had anything substantial in it to move the stock. What I meant by no fluff is they don't put out a bunch of PR's that go round and round and say basically nothing like the majority of smaller companies do. There was nothing fluff about this PR as they were not trying to get the stock price moving, just letting the public know who was in charge of what. Nothing fluff about that, just information about the company and what is going on internally. The information they put out today was something that most bigger companies do when personnel is put into different positions or assigned in charge of different departments. The news that will move the stock will come but personally I'm content to wait until they have a contract or something news worthy to report. I've owned my share of companies that try to move their stock price by putting out what I call fluff.
I know that everyone is waiting for that big release about contracts or something that will move the price but as far as I'm concerned the every day small movements this stock is going to make for the next few months is not what I'm looking for. I know that many want a release so they can get a double and move on and that's great but personally I'm in for a lot more then that and will wait patiently until this plays out.
No I was hoping for something more substantial as well. One thing about this company is they do everything in a step by step manner and do not put out fluff type releases. I'm sure when the time is right, we will hear more about contract news and I would think we will see something on financials before too long.
News Out
Press Release Source: InferX Corporation On Tuesday March 2, 2010, 1:30 pm
STERLING, Va., March 2 /PRNewswire/ -- InferX Corporation (Pink Sheets:NFRX.pk - News), announced today that it has realigned its management team as a result of the completion of the October 27, 2009 merger with The Irus Group. In the company's Form 8-K filed with the Securities and Exchange Commission (SEC), the consolidated pro-forma financial results for September 30, 2009 shows revenues of $5,636,895 and net income of $120,175.
Corporation Strategic Direction
InferX is a market leader in next generation predictive analytics and business intelligence and is uniquely capable of delivering secure, real-time privacy preserving intelligence and strategic decision-making support for government and global enterprises. Through broad, diversified market adoption of its predictive data analytical solutions, InferX plays a critical role in promoting the safety and security of the nation's assets and its citizens, while also empowering commercial enterprises with the knowledge and material insight necessary to maximize profits and operational efficiencies. With InferX solutions, there is no need to move data or create expensive data warehouses. The products access, analyze and perform predictive analyses in real-time on multiple, distributed, and disparate databases and on reports, e-mails and other text-based documents.
InferX, an IBM Software ValueNet partner, continues to expand its client base to include existing Irus Group customers. The merged company now counts among its clients MasterCard, JP Morgan Chase, the U.S. Navy, the U.S. Army, and the U.S. Air Force.
New Management Team
Vijay Suri will lead the company as chief executive officer. He brings over 20 years of experience designing and implementing large and complex predictive analytics, business intelligence and corporate performance management solutions. Prior to starting The Irus Group, Inc., he served in various leadership and management positions at Fannie Mae, Information Resources Incorporated (IRI Software) and Oracle Corporation. Under his guidance, The Irus Group had emerged as a market leader in the Business Intelligence and Analytics community, as well as a global firm offering large-scale, turn-key solutions. He holds an MBA from Alabama A&M University and is a graduate from the Harvard Business School Owner/President Management Program (HBS-OPM 37). Suri will continue leading InferX's push into the financial services market place.
1. B.K. Gogia, Executive Chairman, will be directing InferX's efforts in the healthcare space in his newly assumed role, in addition to having responsibility for product development. He is a recognized leader in the predictive analytics market with particular skill in developing and executing strategic plans for advanced analytical solutions in emerging markets. Gogia established InferX in 1999 to commercialize distributed data mining software developed at Datamat Systems Research, Inc., a research and development firm he founded in 1992. Prior to this, he served as a technical director and software manager at Science Applications International Corporation (SAIC), and held a senior technical position with Lockheed Martin Corporation. He is recognized as a visionary, strategic, and conceptual leader with an unwavering dedication to drive business development, profit growth, and client retention to maximize corporate success. He has been recognized for driving results, managing performance, and his innovative thinking and risk taking.
2.
3. As Chief Operating Officer, Ray Piluso serves as the firm's operations executive leading and implementing company growth initiatives, delivery operations plans, business development, sales and marketing strategies. Mr. Piluso began his career in the U.S. Army and transferred to private industry to lead technology implementation for a large-scale Defense program. Mr. Piluso is a senior operations and sales executive with more than 19 years of information technology solutions experience that span from small to large enterprise environments. Holding various leadership positions, Mr. Piluso has a proven record of building teams that have earned reputations for quality excellence, solution delivery and customer satisfaction. Companies he has worked at, before joining the firm, include the Advanced Technology, Inc., PRC, Inc., Cameron Run Group, Inc., Compaq Computer, and Hewlett-Packard, Inc. Mr. Piluso will lead the firm's efforts in the public sector markets.
Dr. Jerzy Bala is the key architect of InferX's product suite and is a noted expert in decision support systems, distributed data mining, machine learning, automatic target recognition, genetic algorithms, advanced visualization and intelligent information retrieval and extraction. He served as a Principal Investigator engaged in a number of projects supporting the Navy, Air Force, DARPA, MDA and the National Imagery and Mapping Agency. Dr. Bala has conceived several new data mining techniques some of which have become the basis of InferX's product offerings. These include a distributed machine learning-based mining approach (InferAgent), a data mining approach geared towards the interactive acquisition and display of visual knowledge representations (InferView), data mining approaches for rule induction from computer vision generated data, a Genetic Algorithms-based approach for knowledge model refinement, and a machine learning-based cleansing approach for highly-contaminated data environments. A Ph.D. graduate in Computer Science of George Mason University, Dr. Bala earned a Master of Science degree in Electrical Engineering from the AGH University of Science and Technology, Krakow, Poland.
About InferX Corporation
InferX is the market leader in next generation distributed Predictive Analytics and Business Intelligence Products and Solutions. InferX has pioneered and commercialized a powerful, patented suite of advanced data analytical solutions that improve corporate performance across the enterprise in the healthcare, financial services, and government markets. InferX is uniquely capable of delivering secure, real-time, and privacy preserving intelligence and decision support -- all without the need to move data. InferX is headquartered in Sterling, VA.
©2010 InferX Corporation. All rights reserved. All trademarks and company names mentioned are the property of their respective owners.
Whoever had shares to sell at .35 moved this morning. Guess they decided they did not want to sell that cheap. In fact Nite dropped back from .35 all the way to .99. Just a matter of time.
Bid/Ask getting tighter.....don't think we are too far away from seeing it move higher....the next year should be a lot of fun
A couple of nice buys....looking forward to some contract news
The next few months should be a lot of fun for stock holders and for those willing to make this a long term investment, it should be a nice ride for the next few years.
There is a lot more interest then this. As I said a month or so ago, there are some funds that are not allowed to buy any stock with a price less then $1.00. Once we hit that level, you will see more interest from funds.
Yea it's always nice to see a few more shares being bought up. I think we will continue to see it slowly move up over the next few months unless some kind of big news hits to make it move faster. I would like to see more volume but it's nice to see it slowly move up with every buy making the float smaller and smaller.
It will be nice to see the numbers for this quarter. Hopefully each new bit of news will continue to draw more interest.
I also think we start to see more news as they sign contracts and we hear more news of products. The thing I'm glad of is they do not put out fluff. As far as the worry of someone buying up enough shares to gain control of the company, I don't think that is a problem. I can't remember the exact number of shares involved but I do know when the merger was taking place that there were a few different things that were required by The Irus Group. The first one was that all debt would be paid off before the merger took place and one of the other ones was that the Irus Group would own a certain percentage of the stock. I believe it was around 57 % but don't quote me on the exact percentage. I do know that the people involved with The Irus Group got a controlling interest of the company. I'm sure that none of the partners in that group have sold any of their shares, so I'm quite confident that there are not enough shares out there for anyone to buy controlling interest. I will try in the next few days to go back through some of my papers and see if I can find the exact percentage. This merger was well thought out and the conditions of it were one of the reasons I continued to buy before the merger was completed and continue to buy now. The people running this company are very good businessmen.
On another note and just some speculation on my part but knowing a few facts about the companies involved and knowing that there was no debt for either company when this merger was completed, the agreement they announced a few weeks back for financing if they so chose, makes me believe there could be some sort of addition to the company within the next year. I hope at some point within the next few months we hear news of some sort of acquisition. They have chosen the areas that they want to pursue and have indicated that they have chosen only areas where they could be leaders in that field. Acquisitions are the next logical step for them. They are in the process of getting audited financial as we speak and I think this is part of the process of getting ready for that next step.
This could be one of the most surprising stocks of 2010 and the next decade. The product that they have is top of the line and they are at the forefront of a field that will continue to grow for the next decade. It's so hard to believe that there are not more people aware of what is here but that will change in the next year and as I said the other day, once the stock price moves above the dollar mark, this will open up doors that will allow it to move to even higher levels. The future is very bright for all stock holders and I'm thrilled that I was lucky enough to have been introduced to it. These opportunities do not come along very often and when they do not many get a chance to be on board from the beginning. We can all say that because one day I truly believe that this will be a story stock.
I'm picking up a few every time I can clear a little free cash.
Possibly but more likely just a move of shares between MMs. Many times when there is no trades happening they will shuffle shares back and forth to try and create interest. Other times one MM actually needs shares as he has an order for some and will get them from another MM. If you put in an order with your brokerage and the MM they deal with has no shares, the MM is certainly not going to turn down the brokerage as this might affect future orders, so they sell the shares. If they don't have the shares they have two choices, go to another MM and get the shares they are short and this is the small transactions you might see at times. The other option is to go short those shares and try to buy them back on the open market when someone puts in a sell order, but this can be a risky proposition if suddenly good news hits and the price starts heading north. They prefer to do it the first way if they can find another MM that has them. Contrary to the belief of many, the MMs do not like to be short any stock, way too risky. They make their money by handling a lot of trades, not going short on a stock.
Yea I also bought my shares when it was IFRX and have had them now for almost two years.
Congratulations, you will be rewarded. I also know a few people that own a number of shares and they are not in it for doubles or triples.
Once the stock price reaches $1.00, a number of funds have the opportunity to invest. Remember this post once we reach the magic dollar mark. Things just keep getting better.
I would imagine that it is even much smaller then that. I'm sure there are a number of people involved with the company that have less then the 5% required to report. If there are more then 300K in the float I would be very surprised. Our time is close.
So many people are basically traders and many will not hold anything overnight much less weeks. Just a matter of time until we see this price far in the rear view mirror and that time is drawing closer every day.
The demonstration we heard about today is only one of many areas their product will be effective in. The contracts that come from this will only be a small part of what the future holds. The predictive analytical and business intelligence dashboard technology they have is the wave of the future and the areas of use are far reaching. Within the next few months, I believe that we will hear of many more areas of business interested in what they have to offer.
This is a rare opportunity to be in at the beginning of a company with tremendous potential. I'm excited and can't wait to start seeing contracts and the share price rise but even when that begins to happen, I believe it is only the tip of the iceberg.
Just the beginning of many new things to come. Once contracts start being announced, these prices will look like a joke.
I think you will be very happy that you did. A company showing a profit with under 900K shares outstanding. It's just a matter of time until the stock is on more people's radar and once that happens, the price will start heading to more realistic prices.
I originally bought in a couple of years ago when a friend told me about their software. I have been adding more when the opportunity presents itself. I would love for it to stay down here for another few months to add even more as funds become available. I think the chance to add down here is about gone. I believe this release of financials will bring in some solid investors. Of course they are going to wait until things settle down after the news before purchasing a position. Once some more investors start becoming aware of them, I think we will see the price start moving steadily upward. Most of the activity we saw with the news were day trading types looking for a quick hit. I trade a lot of stocks that way but believe this is one of the hidden gems that one only finds every few years. I'm willing to wait as I've done my research and know what this company has to offer. A couple of years ago I found another company that was just like this. They had good management and the stock had no interest what so ever. I started buying shares around the .30 level and it bounced around there for a year or so. In the last few months it has moved over a dollar and is now consolidating there. It will make another move up soon. It's symbol is LGDI. I believe this company has even more potential then they do and I expect LGDI to be a $5 stock within the next year or two. I think NFRX has even more potential. It's not going to happen over night but those who know what they have and hold will be rewarded.
Traders. Many jumped in when it had momo and started posting everywhere hoping for a quick buck. As I have been saying for the last year, find out what you have here because this is one of those opportunities that doesn't come along very often. A lot of these guys don't hold anything for over a day or two. If the momentum slows they dump. Still same company with same outstanding product and it's only a matter of time until investors and not traders become aware of it.
That would be nice but either way it's just a matter of time until we see the stock price in the range where it should be.
There can't be much left, that's for sure. I would love to see some contract news come out on top of this. It's just a matter of time. Good company and low outstanding will drive the price up where it belongs before too long.
Nice opportunity to pick some more up here at .25 but don't think they will let many go this cheap.
It was nice to get the release yesterday about the merger with some numbers with it. Everything is still the same here. We have a very well ran company with a very good product. The stock itself is still flying under the radar for most investors. The crowd that loves to day trade or looking for a quick buck are not interested and I'm actually glad they are not. We don't need a group that is going to sell once it doubles selling and driving the price back down. I have nothing against people that trade that way because I do some of that type trading myself but the bottom line is we have a stock here that has huge potential for a long term investment. This could be a life changer for many people. This stock has the potential to go to multiple dollars within the next year or two. The Irus Group has a fantastic customer base and InferX has a fantastic product. Merging these two companies has given them an opportunity to do some very good things. A lot of people probably ran over here yesterday and got involved because of the low float as well as the low number of shares outstanding. I have owned this stock for almost two years now and believe that it is one of those opportunities that does not come along very often. I would suggest to anyone who got involved yesterday because of the momentum, do a little research and see what you own. The stock price is a joke down here. As Warren Buffet said, know what you own and then react accordingly, the market will eventually catch up. I believe it is only a matter of time until people start seeing what this company has to offer. In the next few months as more and more information comes out and we see more contracts signed, the stock price will continue to rise. Once we reach a price where mutual funds and other big investors start to become involved, I believe this stock will see multiple dollars very easily. It's not going to happen overnight as some are hoping but for those who are patient, you have stumbled onto one of those rare opportunities that only comes along every few years. As I said, find out what you own and I think you will be impressed. I know what I own and I'm not going anywhere until I see the stock price rise a long way from here. I don't care how long it takes. The product is there and the market for the product is starting to be huge, so sit back and enjoy the ride and even though it's nice to see a little run from .18 to .50, that is a drop in the bucket. Good luck to everyone.
NFRX One of the best hidden gems out there. Showed a profit for 9 months ending in September with 5.6 million in revenue for 9 months. Company has many contacts with Government, IBM and man, many more big companies. Stock price is a joke down here. Less then 1 million outstanding and not sure about float but know that new owners got about 80% of that. Guessing that float is around 100K, maybe even less. Once this gets some attention, it's going to fly.
I hate making price predictions. I bought my first stock back when it was IFRX long before the merger. I believed in the product they had then and I believe in it even more now. The numbers they just released are in my opinion just the beginning. Before the split the stock price ran to .03 a couple of times and I thought that was a joke. The equal to that price now is .60. I believe the potential and upside here is very big. I believe that we will see $1.00 within the next few months and I think the potential is there for multiple dollars in the next year or two. Management has proved that they know how to run a business and with the low number of shares outstanding, the future is very bright. As far a what they are worth today, I'm not sure but know that there are not many companies out there who are showing a profit with less then a million shares outstanding. Those that are probably have a stock price much greater then .25