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Sellers are those that have not done their homework. Let 'em sell. When earnings are out in a couple weeks the story will be told. I only wish I had cash to buy more at this price.
Scottrade posts: Ask/Size = 0.0001 / 8,970,000
I suspect it is more than that.
Thanks for clearing that up. Hopefully the new auditors will put them on a path that will project their true value and not just look like some fly by night outfit that the Just-in-time filings would seem to indicate. Just making the deadline as in the past has been a little too much to deal with. I think IFSL has a lot more eyes on them now and the need to prove themselves is greater than it has ever been.
Wow! Somebody just dumped 2500 shares at the bid right out of the gate. Hope one of you on this board were on the bid to scoop those up.
Me too. Nice to see the bump up in my account today. It would be nice if it sticks for just a couple days so at least I can feel good about some thing for a while.
$.50 Woo Hoooooo!
Better days are ahead folks.
Looks like the new accounting firm may have given investors a confidence boost.
Looks like it is real.
From Scottrade
Bid/Size 0.32 / 20,000
Ask/Size 0.50 / 5,000
Just had a trade at .32
My gut feeling... Today is the day that IFSL contracts with the new accounting firm. Stay tuned.
Now let's just hurry up and drop that E and get the 10K out and accurate with numbers reviewed by a competent group of accountants that lends creditbility to what we already know.
They haven't tried to hide anything. The 8K was filed timely and they are actively interviewing accounting firms now. Investors have complained repeatedly about the last minute filings and IFSL has been trying to do something about it. I guess the only thing we can do is wait for the numbers from the new accounting firm to see if you are right or wrong.
Thanks for getting this info Flo. I hope it doesn't take 6months for to select the new firm and more time for them to complete the 10K review. I don't think I can take that. Hopefully they get this done and move on quickly. I'm sure everyone at IFSL is scrambling to get the new firm selected. I also think HBM has really pulled a stupid move with their negative resignation letter. I guess we have a few weeks to wait and see who is telling the truth.
We never can really know what is going on until the 10K is released. I looks like we are going to have a good buying opportunity from here over the next month and possibly longer. I guess we will just have to wait and see what happens. I suspect this is going to bottom in the teens. Could be a really good time for folks setting on the side lines waiting for the right opportunity. Unfortuneatly for me I have my shares and will sit and hold hoping for a better outcome. Maybe they are telling the truth.
Hold your shares. Since they are making money, and seem to be doing very well for that matter, the share price will work its way up over $1.00. It might take some time but I still believe this is off the radar of most investors. Management does not appear to be overly greedy and they have carefully maneuvered through some very tough periods over the last couple years. There a probably still a few bumps in the road that we will have to face but long term it should work out very nice for the share holders.
There is also a possibility that as their business matures that they could get bought or at least an offer made. I would hate to sell now and miss that opportunity.
Still no earnings report???
When I read your post there was this banner ad that popped up that said "Stop Procrastinating". HA! I tried to get it to pop up again by hitting the refresh because I was going to post it with this message but I gave up.
Looks like Monday for sure. I hope it is worth the wait.
Do you think IFSL will file an extension for the Q1 earnings report as well??????
Kind of sad that we can just about expect it every time. On the other hand, we can look at the bright side. A couple years ago there were no earnings reports!!!
Might as well submit a list to Paul Currie in advance and get him to present the questions in our behalf since it seems we are unable to have a presence in the calls.
One question that I have is related to the Dollars West business. Has the start up of IFSL's own PDL business had any negative effect on the relationship with existing PDL companies they are currently doing business with?
I think this must by why I like this company so much. Because they are so much like me. Wait until the last minute for everthing and then ask for more time.
Link to extention filing on Scottrade site: https://research.scottrade.com/qnr/uploadhandler/z03a7110azda38b56c40eb445e85080828cf5e846f.htm
Check this out: Expires: May 31, 2012
Does this mean we could see the first quarter fins before we get to see the 10K??
Ideal Financial and Employee Relations Inc. Enter Into Private Label Agreement
Not quite what I was expecting for a PR today but it will do just fine.
http://finance.yahoo.com/news/ideal-financial-employee-relations-inc-120000830.html
LAS VEGAS, March 28, 2012 (GLOBE NEWSWIRE) -- Ideal Financial Solutions, Inc. (OTCQB:IFSL.OB - News), a fully reporting company listed on the OTCQB, creator and provider of various financial products and services for businesses and individuals, is pleased to announce that it has entered into an agreement with national human resource support provider Employee Relations, Inc. to offer their clients Ideal's proprietary CashFlow Management System through an online private label platform.
Employee Relations, Inc. currently provides services to employees of the U.S. Government as well as employees of many state and local governments. In addition, they provide services to employees of both Fortune 500 companies and small businesses. The white-labeled CashFlow Management System is expected to be available to Employee Relations' clients in the second quarter of 2012.
"Our services have traditionally been for the employer, however, we look forward to expanding our services using Ideal Financial Solutions' platform to reach directly to the employee," stated Stuart Barlow, President, Employee Relations Inc. "It was brought to my attention that a study by the Federal Reserve Bank concluded that financially stressed employees spend an average of twenty hours a month of work time coping with their problems and that workplace financial education provides a return on investment of up to 3:1 in increased productivity and reduction in direct cost. This data certainly helped me decide to bring Ideal Financial's potent system to our universe of employers and employees."
"We are excited to add Employee Relations to our valued list of HR partners as they reach an enormous potential audience," states Steven Sunyich, CEO, Ideal Financial Solutions. "Their trusted relationship with the vast list of companies with whom they work makes them a highly desirable white label partner."
About Employee Relations Inc.
Employee Relations Inc. was established in 1993 for the specific purpose of supporting the needs of employers for a safe and productive workplace, while helping to contain the costs associated with negligent hire and retention claims. Employee Relations Inc. is a national human resource support company dedicated to empowering employers to make informed decision about who to hire, who not to hire, and who to retain as an employee through employment related background checks, drug testing, hotline and a multitude of HR solutions. More info is available at www.erelations.com
Nice chart trend today. Hopefully we get back to the .40 level again. See no reason why this wouldn't hit .70 by the end of the week on momo alone. Earnings will seal the deal if they are good. Fingers crossed. Go IFSL!
Dang Dreamy, One thing about having a full bucket of shares is that a swing like today can almost stop your heart. Hopefully next week we have a few dimes movement in the other direction.
500 shares. Just games.
I would preset my sells at more than $5 if Scottrade would allow it. 4x current ask is max I can enter. I think after the earnings release we get a quick pop and run for a couple days before this settles. No doubt you will see 100K - 250K share trade days. Emotions and excitement kick in and we are off to the races. GLTA
A sooner than expected release along with good numbers would be a slam dunk!
Go Wildcats!!
I'm learnin'!
Nothing less for you Flo!
Just a little more than a week and we will either be puking in our garbage cans beside our desks or dancing on our desks. Either way I don't expect the movement to really happen for about a week until the big boys have had a chance to digest the data and start to act. I bet we $.70 real soon though.
Sounds good to me. I hope we can also predict by then we have a different president as well. I can live with both outcomes.
It may not happen but the outlook is better than it was a year ago and much better than it was the last time it was there.
My prediction is $3 by Q1 release. $5 by Q2.
Maybe I am just a little optimistic but I like it better that way.
I meant outstanding. Not approved. Stressful day but not due to IFSL.
I have enough. Small reserve if there is a drop in price again. Now holding .8734% of outstanding shares. Might as well shoot the moon and hope for a good response after the 10K.
Volume has been too low for the buy back to work. They have to buy back off the open market and the SEC restrictions act strongly against this process to prevent the company from having an effect on share price. Don't expect any repurchase to have taken place this past quarter. The only chance it is going to work is the bid/ask spread closes tight and the volume substantially picks up.
I would but guess what.... I'm chicken!
Guess who is supporting the bid now? Who ever is on the ask I will meet them half way.
Come on somebody.......Sell me some shares!
I'm hoping for down. Need my order to fill. Then after that we can run!!!
I may be mistaken but I thought 3rd quarter had all weeks with income from payday loan program. I believe second quarter was the one with only 2 weeks. Someone correct me if I am wrong.
I am expecting 4th quarter sales to be better than 3rd with more spend on reinvestment thus less net but still a great quarter. The presentation looks great.
Finally! Shares and cash in my Scottrade account.
I would say you need to show what your purchase price was for your CEMJQ shares you held at the end of bankruptcy to determine the gain or loss. I suspect the burden of proof will be yours and you will need to ration this out between all distributed shares that you have recieved and sold.
Let's hope it is a good one. I am anticipating a "sell the news" pullback so I can pick up some cheap shares.
People are watching as was noticed with the last run. Good numbers with the 10K will send this to a new plateu. Good numbers with the 10Q in May and I believe we might find $2 and test those previous highs. It all depends on what IFSL management is really doing to grow this company or if they are sitting on their hands. I guess we will know in a "few weeks".