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I'd bet all my shares, there's not a chance in hell INIX would do a reverse split. No way!!
January 2010 INIX was trading at .045 so if some kick ass PRs come out, its possible to get a great run up again.
Excellent post. 2011 could be setting up to be the turnaround year for INIX. From all time low to 52-week high soon would be very nice. Especially for all the fortunate folks that got shares at 0002 - 0005. GO INIX BABY!!!
INIX boardmarks have increased by 30 in the past three weeks. A lot of attention being paid to iFinix now. PPS is way undervalued. Hoping for a 300% increase this week.
X
The info on the conference call is posted in sticky notes. Go INIX
INIX is waiting for approval from the DTCC to get back in. iFinix Corp held a forward split last summer which resulted in INIX getting exited from the DTCC. The company has filed application for entry and is hoping to get accepted back in soon. PPS should move up sharply on the news.
INIX is setting up very nicely for a huge run next week, up 400% this week. Additional news on recent merger could really kick it into overdrive.
Stock is currently pending approval and could be any day now. Will be huge for pps when it happens.
X
Excellent post, very well stated. Go INIX!
Your points are valid. I think the address is probably for the attorney or perhaps its not an updated Google shot. I think the assets are very important but as others have posted, I doubt the company would lie about that. Not saying you accused them either. Public filings, especially about acquisitions are carefully scrutinized by the SEC so I'm sure iFinix is on the up and up. Go INIX.
You are most likely correct however its entirely possible that there is more than one business operation at the address listed on the NY SOS.
The NY SOS listing does not state that 2829 MERRICK ROAD
BELLMORE, NEW YORK, 11710 is the actual business address for Oakbridge Management. It states that is where the SOS would send the process if accepted on behalf of the entity. Entity being Oakbridge.
I must agree with you. The company would never release financial data that was false. The attorneys no doubt did the DD on the company and the acquisition to make sure it was SEC compliant.
I am looking forward to the coming months when I would expect additional news on subsequent acquisitions/mergers.
I'm pleased to see the $3 million in added assets as it allows the company to obtain financing to complete much needed business goals. Marketing for Futures and Forex would certainly help increase awareness and revenue, IMO.
GO INIX!
GreenTree, there are plenty of pinkies that have far less to offer than INIX and they are trading 500% higher. Yes, 2010 was a suck year for iFinix. But the risk we're taking now is betting on INIX having a much better year in 2011.
If the DTCC issue gets resolved soon, TDA should allow buying of INIX again. Appreciate your support. GLTY
I love Ben & Jerry's and I also love pizza. Go INIX
Wallymac, they key takeaway from that listing is:
DOS Process (Address to which DOS will mail process if accepted on behalf of the entity)
OAKBRIDGE MANAGEMENT INC.
2829 MERRICK ROAD
BELLMORE, NEW YORK, 11710
It DOES NOT state that it is the address of Oakbridge Management. Only that mail will be processed there ON BEHALF OF the entity.
Go INIX
Woody, the bashers are totally wrong. I used my LinkedIn account to locate Joe Neteriak, owner of Oakbridge Management, and I called the office. His secretary said she is pretty sure she's know if the company had been acquired. The website is: http://www.oakbridgeman.com/index.html
The NY SOS shows Oakbridge Management as a NY company, NOT a Connecticut company.
Four years.
I agree its the wrong company. Some bashers are claiming iFinix acquired a condominium contruction company, Oakbridge Management, which is located in CT. Some referred to the owner's Linked'In profile.
So, I logged into my Linked'In account, tracked Joe Nestiak down, called his company, Oakbridge Management. I am waiting for him to call me back to confirm his company is not the one iFinix acquired.
Q1 financials are due on May 15.
I called Oakbridge Management again. The secretary is waiting for Joe Nesteriak to call her. She told me she seriously doubts the company was acquired. I will provide Joe's response once I talk to him.
I called Oakbridge Management & Contruction which is located in Connecticut. The secretary answered and said Joe Nesteriak is not in the office. She is calling him to give him my cell phone number. When he calls me, I will ask him to confirm or deny that his company was acquired by iFinix Corp.
Its entirely possible that there is more than one business operation at the address listed on the NY SOS.
The NY SOS listing does not state that 2829 MERRICK ROAD
BELLMORE, NEW YORK, 11710 is the actual business address for Oakbridge Management. It states that is where to send inquiries. Perhaps the company's attorney's office that filed the letters of incorporation is located in that building.
There is no way iFinix would need to acquire a construction company. IMO, everyone that really believes that, is wrong. Its a private company and if it does not have a website, then no Google search is going to find it.
The PR states Oakbridge is a private company. That means they might not have a website.
When I Google Oakbridge, I get more than 10 pages of listings. IMO, its a private company and does not have a website.
IMO, the LinkedIn connection is not correct.
That can't be correct. No way iFinix acquires a condominium building company. The PR says its an investment company, not a Pizzeria or a consruction property management company
iFinix Acquisition Update
PLAINVIEW, NY--(Marketwire - April 8, 2011) - iFinix Corp. (PINKSHEETS: INIX), a provider of real-time financial information and services to active traders and to the securities industry, today announced it has acquired a majority ownership of Oakbridge Management, Inc.
iFinix has acquired a 51% controlling interest in Oakbridge Management, Inc., a New York-based private investment firm for 250 million restricted shares. As a result, iFinix' Balance Sheet now reflects additional assets of approximately 3 million dollars. This represents exponential growth in the company's asset value; which in turn, should allow the company to obtain future financing and move aggressively towards completion of its 2011 business goals.
CEO Benhope Munroe stated, "The successful completion of this acquisition is projected to allow iFinix a vehicle to obtain operating capital and flexibility to expand the company's subsidiaries. We are pleased to announce this acquisition to our shareholders and re-confirm our original commitment to pursue avenues that enhance shareholder value by meeting and exceeding our stated goals. As noted in our recent conference call, the increase in authorized shares was done for the purpose of mergers and acquisitions. iFinix has no plans to conduct a reverse split."
About iFinix Corp.
iFinix is a diversified information technology services and solutions company with expertise in systems integration, outsourcing, infrastructure and server technology. iFinix has established a product line that delivers financial and business information with streaming, real-time market data, news and analytics to professionals and active individual investors. The company's suite of products includes iFinix RealTime, iFinix Trader and eFinix. Visit http://www.iFinix.com www.ifinixsoftware.com www.proactivefutures.com www.ifinixforex.com
Legal Notice Regarding Forward-Looking Statements:
Safe Harbor: This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of iFinix Corporation to be materially different from the statements made herein.
Click here to see all recent news from this company
If people refuse to include the stock symbol, INIX, then the lack of buzz is on them. Majority of posts today do not show INIX so no credit is given towards the Buzz Cloud. If you want people to notice this stock, include the stock symbol in your posts. Not aimed at you dude.
I wish the PR had come out yesterday, INIX was on the launch pad. Today, no one seems to know the PR is even out. Buyiing has slowed. Go INIX
If you want buzz about INIX you need to remember to add the symbol, INIX, in every post.
Everyone remember to include INIX in all your posts. Helps the Buzz. Go INIX
The PR said $3 million added assets, not $300 million. Go INIX
DHANA, sorry to hear that. That's why I have not sold one share of INIX because I do not want to take a huge loss. I believe the stock will rebound and eventually get back to pennyland.
Last time you posted you said you had sold all your INIX and were running for the hills.
I do not believe the company purposely deceived investors what the float was. They are required to provide that information in the financials.
If you want to blame someone, blame me. I have not called the company to ask for updated float. The TA has never provided the float, only the AS and OS.
Go INIX.
The Dominican Republic government is very corrupt and would require millions in bribe money. No way.
As long as the PR is out this week, I think it will be ok. I believe bashers will jump in if the PR is not out today or tomorrow because the first PR mentioned "days".
I do have an iFinix Capital account but I am not selling any of those shares. Its cool, AMM. If iFinix continues taking significant steps to improve revenue and growth, INIX will get back to where it was eventually.
I'm not a professional day trader like a lot on this board might be.
I sure wish now that I would have opened an e-Trade account and moved my money over from TDA. Oh well. Hopefully, plenty of others did and were/are able to pick up some INIX over the past two weeks at these low prices. Anything positive and significant in the PR concerning future company growth will raise the pps, IMO.
I agree. The acquisition PR this week and then a PR soon stating the DTCC's INIX issue is resolved would be sweet.
Nice close. Once news is out on the acquisition, INIX could easily run into the double zeroes. Good to see everyone holding for the news.
The only new plateau that I want to see is the pps higher than the 52-week high from this time last year.
The only people really worried about the momo are the flippers. If the PR is good and it helps grow the company,then the pps will go up. So far, the sp has held.
Many company's announce acquisition news months before the acquisition has been completed. iFinix, IMO, was letting the shareholders know its done. Now they are finalizing the details before providing more information. What's wrong with that?