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Only two MMs sitting on .0011 Hopefully, the .0011s will get taken out today and get INIX moving up toward .0014 to attack that resistance level.
INIX off to a slow start this morning. The boardmarks continue to increase though, now at 582. Just need a push to move higher.
True enough. Would give INIX share price a boost.
The DTCC acceptance this week would be very nice news. GO INIX.
First, welcome back. If INIX hits 01 all the folks who got in at 0003 will be thrilled. It would also be great for the longs that got in at a penny. Go INIX. Let's hit 003 this week.
If INIX can get another 100+ million day, with buying pressure instead of selling, this could easily hit .0025 IMO
INIX up 500% in just a week's time. Above average daily volume for the same period. Should continue.
INIX up 500% over the past week.
Another green day for INIX. I will take 11.11% gain every day! Slow and steady.
INIX now has 581 board marks. Closing in on 600. If this steady green climb continues, could hit 600 this week.
Go INIX
Need to knock out the .0011s and get INIX moving higher. Resistance level .0014 could get knocked down with increased buying volume.
True. If the interest continues, INIX should easily be able to double from .001 to .002 with some buying volume.
If INIX can close at .011 today that will be a nice 22% gain to start off the week which would also be a 550% increase in just a week's time. That's nothing to sneeze at.
If the DTCC application is approved soon it will sure help the INIX shareholders and should give the sp a boost as well.
I certainly hope all new investors to the INIX board are not drubbed and run out of town on a rail.
INIX needs flippers. All boards get their share of so called "bashers". INIX board has been pretty cordial and positive as of late so the new negative tone is off-putting.
All opinions are welcome here, but not personal attacks. So let's all "just try and get along" and see what happens. Green days are good days. INIX is having more green days now than red. All good.
X
The gap is now closed. Maybe now INIX moves up. A lot of folks believe a gap up has to be closed. Could be a lot of people have in orders in from last week still needing to get filled. It's all good.
You are correct that INIX needs volume to move up. Last few weeks the volume was off-the-charts so give it some time. The stock is up 500% since a little over a week ago.
Time to close the gap. Go INIX
Pinksheets will change INIX back to Current Information once the attorney's Opinion Letter is filed. Financials were filed two weeks ago so it should be soon.
15 million shares in the first 20 minutes does not seem like "no volume". At this pace, INIX will have over 100 million today.
How much did it cost to add L2 to your iHub account? Go INIX
Well, INIX touched .0014 on Friday. With enough volume the sp could easily knock that wall down.
Peeb, I did the same thing. Its guaranteed I will not make the same mistake again. If INIX hits .04 again, I'm getting my initial money off the table. Go INIX.
Could hit 600 boardmarks soon. How sweet it would be if all 577 bought another million shares of INIX this week.
INIX @ .0009
INIX @ .0009 is my pick for the week.
INIX [iFinix Corporation] Due Diligence --
The following information is provided for potential investors of INIX. It is strictly my opinion and it is not meant to serve as investment advice. Please do your own due diligence.
iFinix Corporation has established itself as a transparent and viable company. Following a very unpopular reverse split decision several years ago by the former Chairman, (now deceased), the stock price crashed. However, since June 2008 the current Chairman, Doug Spadaro, and CEO, Ben Munroe, have worked diligently and honestly (although not always successfully) to bring the company back. It has been a rough roller coaster ride for the long-time holders of INIX.
After accomplishing almost all of its 2009 business goals, which included the acquisition of ProActive Futures (the major revenue source at this time), the filing of its Form 15c-211 and holding its first shareholders meeting, iFinix Corporation faced numerous setbacks in 2010.
First, the company’s much ballyhooed trading platform launch, “RealTime”, was delayed several months due to issues with the Data Center. Trying to launch over the Christmas holiday proved problematic as the personnel there did not enthusiastically attempt to resolve coding and Exchange feed issues. This resulted in a piecemeal launch of the product in January 2010. Since it initially lacked the pinksheets Level 2 information, it was not well received. Additionally, Data Center fees were $20,000 per month and subscriptions for the product were low. Some believe the economy played a part in the low subscriptions combined with the launch issues. As a result, iFinix was losing substantial money on this product. iFinix pulled the product after six months in order to cut losses.
Second, the company completed the acquisition of Beckman Holdings. This acquisition resulted in iFinix establishing iFinix Forex subdivision however the acquisition took longer than expected and required the issuance of more restricted shares than it had anticipated. It remains to be seen how well iFinix Forex will impact revenues of iFinix Corporation although it appears to be picking up.
Third, the company established another subdivision , iFinix Capital. Initially expect to be operational in July 2010, various issues delayed the launch until December 2010. iFinix is optimistic that iFinix Capital will be a significant revenue earner in the future, however, at this time that does not appear to be the case.
Lastly, iFinix Corporation initiated a forward split over the summer of 2010. It’s stated goal was to reward shareholders by doubling their shares while at the same time increasing the authorized shares needed to continue operations. The decision appears to have been a mistake, although the company stopped short of admitting such during the recent conference call. The major issue with the forward split was it resulted in the stock, INIX, being exited from the DTCC. This required that all brokers trade with paper stock certificates which caused some such as TD Ameritrade to disallow its members from buying of INIX shares. iFinix has applied for entrance to the DTCC and approval is expected soon. Once INIX is back in the DTCC, it is anticipated the brokers will allow full trading of the stock again.
Looking back, 2010 was a very tough year for iFinix Corporation. However, 2011 appears to be off to an interesting start. The company raised its authorized shares to three billion shares in order to complete several acquisitions and mergers (as stated in recent PR).
During conference call held on March 31, Mr. Munroe stated that iFinix Futures’ revenue has increased 24% so far in 2011 which is ahead of its forecasted growth.
The company announced the acquisition and 51% ownership of OakBridge Management, Inc. on 4/8/2011. This acquisition resulted in the addition of $3 million to the books of iFinix. Revenue projections resulting from this acquisition have yet to be reported.
After falling to an all-time low of .0001, the stock reached .0014 on 4/8/2011 closing at .0009.
Current share structure as of 4/8/2011:
AS: 3,000,000,000
OS: 1,100,257,274
Float: 770,000,000
In my opinion, with the current new interest in INIX and based on the way this stock has traded in the past, the short-term target will be .002 - .005 within six weeks or less. I believe the long-term target to be .03 - .06 by the end of Q1 2012. Again, this is my opinion only.
That's a good point about the carry-over losses allowing 2011/12 revenues to be virtually tax free. Go INIX.
How about we all wait for INIX to hit .045 again, its most recent high, before we start wishing for the stars. Don't want to scare away newcomers.
INIX all-time high in boardmarks. Looking forward to hitting 600 in the future. GO INIX!
I agree, could be great week for INIX holders.
INIX huge and green in the Buzz Cloud. Looking forward to next week.
I can't help but believe INIX has potential for another 300% gain this week. Stock is so far undervalued. With $3 million in new assets due to acquisition, stock should be trading a lot higher. MOMO strong heading into this coming week.
INIX will have a huge week this, IMO.
My pick is INIX @ .0009