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AMM - you may be right about the circumstances involving the INIX share price. My enthusiasm has been centered around the notion that the company has evolved due to market conditions but maintains a business plan.
There are three important things that INIX has going for it - a product, revenues, and a vision.
Most penny stocks only have a vision - no product, no revenue.
You are probably correct, though. Now that Ben has hinted that the the merger/acquisition portion of the business plan is ready to be executed there is a renewed interest in the vision portion of the business plan. And so, here will come the speculators and flippers.
This is shaping up as one of those, "the more you know, the more you don't know" scenarios. INIX is prep'd for a merger or acquisition but now we want to know more about where that path might lead.
Picking INIX .0004.
Picking INIX .0004.
Chakkrapadt - pretty certain you didn't miss anything from the conference call. I think there are a few things that are creating the buzz. You mentioned 1) the financials coming out on time, 2) 20% increase in revenues in Jan-Feb, 3) an explanation for the increase in available shares.
The company had gone into hiding since the Jan press release announcing 2011 goals. The only thing that shareholders could see up to late last week was a massive increase in the number of available shares. As I referred to in an earlier post, no news is not necessarily good news in penny stock land. When INIX finally spoke it was good listening.
In the conference call, INIX addressed some questions regarding the additional available shares. It was confirmed that the overwhelming number of available shares have not been issued but are needed for merger/acquisition opportunities.
And so, there is the buzz. Battered into triple zero territory only to learn that revenues are over 1/2 million dollars. Shareholders - long and short - can see value in INIX at this ridiculously low level. Combine that with excessive selling last week that created share volume that INIX had never seen over a one week period.
All of that makes this a real easy train to hop on while it is still at the station.
Regarding going back and listening to the conference call - it's actually a bit more exciting to re-read the January press release. You will get a feeling that INIX is back on track.
I think that nearly any merger or acquisition that brings something to the party will be a major plus. The sooner the better as far as I am concerned.
Triple zeros. It is a remarkable position that INIX is in. This company was trading in the pennies a little over a year ago.
Share dilution has a lot to do with it. Still, the expectations were pretty high for this company back then. Today we are excited about getting to double zeros.
The ceiling is soooo much lower now than it should be. I'm not suggesting $1 per share but single zeros is certainly attainable.
The company needs a rainmaker to bring in a big sale or two. With over 1/2 million in annual revenues the company has a market-tested product to sell. If they could add another 1/2 million in revenue they should be able to eat up overhead and report in the positive. Then, after that the margins are strong enough to float directly to the bottom line.
What we need to look at is what $5 million or $10 million in revenue would like like on the top line of the financial report. INIX has a much higher ceiling than investors are giving it credit for. That is bound to happen when shareholder sentiment is so poor.
On the "What's Hot, What's Not" graph, INIX is at the top of the What's Not ledger.
20% growth is not going to do it. INIX needs to set its sight higher. Ben needs to bring in some new business to get back on the What's Hot side of the scale.
Conference call was not a home run but it did have some substance. Since this conference call accompanied the year end results it was good that Ben addressed the events (Realtime and DTCC) that led to a massive decline it market cap in 2010.
I am hopeful again since the company wisely pulled out of Realtime decisively, limit losses to sustainable levels and was able to increase their annual revenues.
There is still a company here!
Revenues were up 24% in the first two months of the year. Granted, that is on a small number but it is progress. It is a signal that there is a functioning product in INIX.
Earlier this afternoon I posted the quote from the Managements Discussion that was in the financials; "the company's plan is to partner with other financial companies to fast track the release of their suite of products". I submitted a question regarding this notation.
I find it interesting that Ben elected to address this question along with some other comments about mergers and acquisitions. Most importantly, he explained the increase in available shares (to 3 billion) as a tool for execution of this plan.
INIX has had mergers in the past. I don't have the full background on those but they seem to have provided a basis for today's INIX. Perhaps the additional shares can help give INIX the needed resources to regain its previous highs.
The share price has no where to go but up.
The monster volume of the last few days tells me that any new money is going to move the share price up quickly. I am sure glad that whoever the motivated seller has been - that they got there business done before the conference call.
from the financials...
- In the Management's Discussion portion of the financials it states, "the company's plan is to partner with other financial companies to fast track the release of their suite of products".
The press release was done well and the financials aren't terribly difficult to swallow. I hope that Ben hits a homer in the conference call. This company needs a bolt of enthusiasm. Not hype, just some info that there is fundamental groundwork being laid. INIX needs to provide a vision for investors to want to dive in again.
In 2009 Ben had been making steady progress in reaching goals. Unfortunately, 2010 was filled with a number of mis-steps starting with the ill-attempt to make REALTIME a market ready product. The forward split late in the year may have been well conceived but its results sent the share price lower.
I was very concerned about INIX leading up to the annual financials. There press release in early January set some goals for 2011 but then the company went silent for almost three months.
There is good news simply in the release of the annual report. The fact that it was on time is also a good sign. After reading through it there was evidence of revenue. Hurray. The losses were expected.
Now the conference call... C'mon Ben!
No news is good news, right?
INIX has not reported any bad news so everything must be going well. The reason for no info could be that every press release for about 12-15 months has pulled the share price down.
At least we aren't getting promises that would then be unfulfilled. It is best that Ben hushes up and moves the business forward.
It is hard to convince myself that INIX is progressing favorably. Still, if the management team has some "rainmakers" in their sales staff this investment could be a good one.
Needless to say, my .0006 buy order never filled. I must say, though, there was a decent possibility that the triple zero range could have dipped further. I did grab 900,000 share at .0007 before cancelling buy orders to get another million at that price. Too bad for me.
Ben is keeping hope alive with this press release. I can see where his vision takes some hold. If it does, there are many, many doubles in the future from here.
If it doesn't, there isn't much lower to go.
The strange aspect is that at such low prices the share price increases double digit percentage with each 10th of a cent rise in share price.
Good luck to us all. I feel some momo on its way.
I have had a buy order in since before the end of the year (12/28/2010) at .0006, good til cancelled, which has yet to get filled. While the share price has been discouraging, it seems that the bottom is pretty firm at $.0007.
It seems unusual that Ameritrade is not accepting buy orders on INIX when other brokerage houses are accepting them. This is supposed to be a freely trading security in an open market.
Even if Ameritrade is "short" on INIX, they should have to balance their books in the open market - not by restricting the open market to their advantage.
Will somebody do me a favor and threaten them with a lawsuit? ha ha.
It really does feel like the SEC should be aware of this.
Do you suppose that perhaps INIX is still waiting for the forward split to be completely resolved? After all, you still cannot buy INIX on Ameritrade.
If the release of Capital is actually and truly a positive event you would think that INIX would want a brokerage house like Ameritrade to provide access to the stock for their customers.
The 140 million share day was very difficult to explain other than "phantom shares" as you suggest.
I'm surprised there has not been more speculation regarding the massive trading day - on a holiday trading week no less. I think it is more than coincidental that 30% (?) of the float traded on the Tuesday before Thanksgiving.
After hundreds of posts in late August and early September about brokerage houses (illegally) shorting INIX it seems strange that in late November the company trades 6 times more shares in a single day than it had in any day during the previous year.
Curious activity. Could be a good curious or a bad curious.
AntiMarketMaker - what brokerage house did your wife use? Just curious and I understand if you would rather not respond.
Bernanke - you have presented the "skeptics view". I don't disagree with it at this point.
Don't you think that the movement on Tuesday was difficult to interpret?
How does INIX have a 150 million share trading day (Tuesday)? A few simple stock promos couldn't have that type of response, could they?
I take it that your expectations are for the share price to retreat to the price levels from the start of the day Tuesday.
There is a good chance that the new buyers are waiting for a double or triple from their new entry price. I think it will be interesting to see what happens.
I think Monday there will be some volatility.
Upon checking Ameritrade this evening (11pm) it states, "The symbol you entered, INIX, changed to INIXD."
I think that trading on Monday will be at the post-split price. If that is the case, a BUY order for 100,000 share at $0.0007 will cost $70.
I posted previously that I am HOPING and SPECULATING that some positive news is pending.
Further, wallymac copied and pasted the quote from the press release by Ben "keep hope alive" Munroe but it doesn't seem to be much of a point of discussion on this board. Here is the quote;
iFinix CEO, Benhope Munroe, stated, "With FINRA approval of the forward split, the quiet period can now be lifted. The management will continue to move aggressively towards executing its business plan. We look forward to informing our shareholders of additional information concerning recent company developments."
The forward split was intended to wash out any shorting and/or in particular naked shorting that seemed to be deflating the INIX share price. The strategy may not have exposed any substantial shorting but we do, at a minimum, know that moving forward from this point, all shares are accounted for.
Should INIX have some positive news it should be very helpful in getting investors back on the train. The market cap is ridiculously low right now in my opinion. Realtime's pending intro got the market cap up to several million dollars but its retraction pulled it back to closer to zero than one million.
Based on the company's recent actions I think there are other revenue streams that can get the market cap back to seven figures. The share price would multiply exponentially if that happens.
INIX has good news coming.
This is purely speculative and extrapolating from an IHUB post but it's Friday afternoon and I feel like speculating.
Here is what I am hoping is happening.
Earlier this year INIX had 400 million available shares before retiring 112 million. This reduced the number down to 288 mil, correct? If the post-split available shares are soon to be 700 million, that is equivalent to 350 million pre-split. So, the total actually remains lower than it was a year ago.
I find it interesting that INIX had applied for 600 million but FINRA mandated 700 million available shares. Assuming this is accurate, INIX must have a high confidence level in not requiring additional shares.
If INIX is not looking for additional available shares they must NOT be intent on dilution. With that in mind, it follows that INIX is getting its costs in line and revenues must be improving. Or, perhaps they are about to improve.
This all coincides with a 2 for 1 forward split which is often an indicator of positive development that are soon to be revealed.
And so, I am suggesting that INIX has good news coming.
Mimurray,
Buying at the ask no doubt helps move the price up. That said, it is like giving away shares/money if the same BUY can be made between the bid and ask. It is as if putting in a buy order under the ask is being unpatriotic.
I think that INIX needs buy orders - whether at the bid, below the bid, between the bid and ask or at the ask.
Moreso, though, INIX needs to have few SELL orders. I am seeing a very good signal today. The MM's, in my opinion, are holding the price down to $0.003/0.0035. There were no sells for almost two hours. So far, it has only shaken 100,000 shares out at $0.003. The MM's lowered the bid/ask to $0.0025/0.0035 for a little while earlier this morning. There was a trade at $0.0029 but I think it was one of those $30 trades that was meant to send a signal.
I understand that INIX shareholders want volume and buys at the ask would move things up but we also need buys at any price to keep the share price within range and prevent further shakeouts. I think that low volume is our friend for now as long as we maintain a share price in this range. The sellers are holding out for much more.
Eventually, if the MM's are forced to cover shorts they will need to move the needle. That is, assuming a conspiracy theory exists.
XQZME - that was the line I was looking for in the INIX press release. I don't think we have enough information at this point.
Very Good Post.
I agree with wallymac. There are two significant factors.
1) Short selling. Has there been short selling taking place to date? We don't know. If the MM's are short, they have seven days to cover any short orders. IF THEY ARE SHORT, they are going to be shaking shares loose any way they can to fill their needs to meet the September 10th deadline. Look for some volatility while they push the price up to imply a false peak and then run it back down to shake out some shares.
2) Available Outstanding Shares. You kind of have to hope that there is not a provision that indicates that there will be a billion shares available. Those would inevitably be used and create additional dilution. If I'm not mistaken, today there are 289 million shares available but 259 million used. That means that there are only 30 million shares dilutable to pay bills.
I think that if the MM's insert-text-here short and INIX is insert-text-here expanding liberally on the shares available, this would be very favorably.
The "shares available" will be a very good indicator in how INIX intends to move forward. If they intend to continue dilution for an extended period of time, the available shares will be very high, well over 1 billion.
If they remain withing 750 million, it will show much more confidence in the future.
If the MM's are short, and the dilution remains tight, and the float is somewhat locked, this could be the perfect storm.
That would require, however, disciplined sellers. The MM's are going to flip-flop-flip-flop until they've tested all of our nerves.
I think the float is 129 million. If that is the case, INIX may be a situation where 10% of the shareholders own 90% of the float. If that is the case, the MM's are in trouble.
What is a boardmark?
Is it helpful to put INIX as a boardmark? How do you do it?
That is good to know regarding the removal of sell orders. It makes alot of sense to me.
The share price for INIX has doubled in the last week but I think mostly this is just a correction from lows that were lower than justified.
The pendulum had swung too far in the wrong direction. Now it is swinging back to a more reasonable level. The market cap of INIX is still under $1 million. A share price of $0.0039 would take the market cap over $1 million.
Pennyland is a reference to penny stocks. It could also refer to "pendulum" stocks. INIX is getting on the radar screen of new investors who aren't concerned with the market cap. However, they may see that INIX has been hurt by the pendulum factor and is going to seek its own rightful level.
For now, I think that level is at least a double from here.
Right or wrong, I see INIX as a company that has been cold-cocked in the Dru-era and moves forward with that dusty skeleton in its closet. Turnarounds are never easy and the Realtime mis-calculation, on top of the "Dru experience" buried INIX.
This company, though, is not buried. They have revenues and are laying tracks to generate new revenue trails.
Last year, during the share price escalation, much of the confidence came from INIX following through on the vision that had been outlined. We will have to see if Ben is able to articulate the new vision to get INIX back to previous levels.
Magoo, I'm not sure if you were referring to me when you said pessimist. Realist is perhaps a better word. I made some buys last week at the (zero - zero) mid-teens and may pick up a spattering tomorrow. Therefore, I must be somewhat optimistic.
zero-zero two is too, too low for INIX.
The Glass is Half-Full. Revenues did increase in the most recent quarter. Up 41% is a little misleading when the base was so low ($94,000). Still, an increase of $15,000 per month in revenues is very postive. And, if you allow yourself to consider that the pipeline might be filling up, there is tremendous reason for optimism in the next few quarters and beyond.
The Glass is Half-Empty. Costs were up in greater proportion to revenues. Realtime can only account for a portion of those costs. Should things remain constant, INIX will dig a stream of red ink that will drown them.
Realistically, I believe, INIX has a dedicated management team that can work its way through to green. Once products are developed, you see, the missing ingredient is new clients. Then, the margins get greater and greater with each new customer. There is a sales cycle that executive management (and investors) doesn't always acknowledge. It's like this; "We installed the new equipment on Monday, why aren't we manufacturing products today?". Answer; "It is because it takes time to switch customers, you numbnuts!".
If that is the case, Forex should be in a rapid growth phase. New clients should be on the way. The other new divisions should be in the pipeline filling stage. The executive committee needs to manage its resources until the sales team can bring in the new business.
With the revenue arrow already pointing in the right direction, INIX investors can continue to expect best-case scenarios.
Posted by: Bernanke_nomics Date: Saturday, August 28, 2010 6:51:22 PM
In reply to: goodgodyall who wrote msg# 121245 Post # of 121260
great post! Thanks for your response, Bernanke.
But of course I just gotta add my 2 cents.... 2 cents, havent seen that since what - late Feb.? hahah
YES - Sure these companies need to give financials...Should they want to remain current on either the "Pinksheets"(otcmarkets.com) or "OTC bulletin board" (OTCBB.com).
As a requirement outside of being respectfully quoted on these 2 entities... No - They dont have to do spit to be traded. Thats where one must decide what level of "pinkness" one will risk diving into... Get a lil lit at lunch and one might "dive" into anything.... Pinksheet companies that are about to go out of business often send the first signal by not providing quarterly financials. They'll say it is because they are saving money but it is more likely they haven't paid the accountants for previous work and have been cut off. So any financials, even troubling ones, are a good sign.
Losses were higher than expected, no doubt. The SG&A has been increasing since mid-late 09. As for increasing costs for realtime I have to stick with the CEO's comments on cost. 20K / month. We know that they have been continously "tweeking" the product but I read that as an internal cost covered with in the salaries. Im sure they were paying outside costs to "beta test" realtime prior to it's release. All covered by share holder equity. In any case, the point is that Realtime was swallowing up valuable resources in cash, workload and shares. Those resources can be better utilized in the business plan moving forward.
As for realtime and "sexy"... Someone turned the lights on when they sobered up.(good thing) Funny. I dont think it is the sexy that makes the pennies run. I think it is 3/4 BS and 1/4 zombie, but then if the BS has enough force why not become a zombie. especially in this day and age. Twitter , Facebook, Youtube.... There are so many more ways to toss the poo today who knows what is and isnt and by time one digs the BS has moved on. The "sexy" investor was buying on the news of Realtime's introduction and was going to sell as soon as it was introduced no matter how well it functioned. The "momentum" investor was going to ride Realtime for some bigger returns. The staggered introduction resulted in the "sexy" investor dumping as soon as the delay was announced. The "momentum" investor didn't dump until Realtime was introduced and then dumped once it limped out of the gate. There were lots of false bottoms because it was never real clear whether Realtime was viable or not.
The "about to go out of business" while harsh isnt out of line. At least from an investment side. With the PPS so low and shares near gone, If op-ex's arent controlled there could be a future problem. Easy fixes.. 1 the co can issue more shares if cash/ existing shares go poof, 2 The co can claim BK and try again. 3 The co can find a private co that wants to go public/reverse merge or 4 The company can find a private investor and take it off the market. In all reality this isnt a high overhead business. It's not like they have to buy property, equipment, purchase supplies, hire labor etc.... A bottom finally occured but it was near triple zeros. That is a long, long way down from where it was and where it was expected to go. The easy fixes you describe are all feasible. I prefer the fifth scenario that you describe in the following paragraph.
The shining light in the last Q was the management portion of revenue. Should that continue to rise, it will be a nice boost towards future revenues. (if it doesnt cost too much that is)
A defined breakdown of costs would give investors that info but I dont think we will see that. Above you mention, 'this isnt a high overhead business' which is the point here. A little revenue should translate fairly quickly to the bottom line.
We'll see if Ben and company can bring in a few new clients to keep things going. The costs have been trimmed so low that a little revenue could go a long way. WE HAVE PRODUCTS.
Hmmmmmmmmm......? I'd have waited till the 3rd/4th Q's to say that...(short the double top secrete babble) I'm not sure what this means. The 3rd/4th Q's almost have to be better in terms of costs. But if costs go back to what they were early last year, you are right. Time will tell. Till then IMO, investors should keep that blank look on their faces, put their arms out in front of them and moan "brains" while following the yellow brick road of travelling BS. Is this a reference to 'zombie' portion of your post. Very funny. Like I say, there is nothing sexy about INIX right now and no sizzle. The investors hope now for the remaining divisions of INIX to perform (and quickly).
Intriguing week for INIX.
- Financials came out on time after a five day tardy form had been filed. It is not necessary, I don't believe, for a pink sheet company to even fill out such a form. They are only obliged to submit annual financials if I am not mistaken.
- The financials were jagged. Losses were higher than I had expected. Still, they were not devastating, especially since the cash drain was mostly Realtime (which was retracted from the market.) Realtime may have had much more than just the drag of $20,000 per month in data feed costs. The guess here is there were other fees associated with start-up costs. If that is the case, Realtime was a major cash drag at a time that INIX had little or no cash and contributed to nearly all of the losses.
So now INIX is moving forward without Realtime which I thought was going to be the featured player in the suite of products.
Realtime was the "sexy" division that drew some intrigue of new investors.
With Realtime sidelined, INIX will move forward in its attempt to generate its profits from the less sexy divisions. Most penny stocks need "sizzle" to attract the attention of the pennystock investor. INIX, if they are able to, will be doing it with (boring) fundamentals.
Here is my explanation for INIX to tumble to the near triple zero range. The intrigue of Realtime got shelved. The "sexy" pennystock investor bailed. Then, the "momentum" penny stock investor bailed.
The result is that the share price dove to "about to go out of business" lows.
For those of us hanging around, the market cap is so low that last weeks share price was especially enticing for a company with actual revenue and a plan in place.
Whether the plan can blossom into a situation where a profit can be reached remains to be seen.
For now, there is no "sexy" or "sizzle" but I think that "about to go out of business" is a little premature.
The next financials are due November 14th or so. In the meantime we can expect the introduction of a new division shortly. As far as I'm concerned INIX is a BUY at these levels (two-tenths of a cent) and a hold unless it makes a phantom (no reason other than rumor) run up.
Fundamentals and Pennystocks don't always go hand in hand. We'll see if Ben and company can bring in a few new clients to keep things going. The costs have been trimmed so low that a little revenue could go a long way. WE HAVE PRODUCTS.
xclr8r - I disagree with your premise of ask-slapping. You have been using this logic since the share price was 1,000 percent higher. Step off.
Let INIX take its own path. Cream rises to the top and if this company is to reach new highs it will be on merit, not on some series of contrived ask-slaps.
Further, any BUY order is a good order for INIX whether it is at the ask, bid, or below bid. It shows support in any case. If it gets filled below the bid it simply helped the share price from dropping further and faster. At these low prices, the spread between the bid and ask is about 25% so shame on anyone that encourages a buyer to forego their best deal to satisfy the needs of others.
It's real simple, if you enter a BUY order too low, it won't get filled and you will need to move it higher and chase it. Any other advice is superficial and harmful to your fellow shareholder, in my opinion.
You would be better served trying to discourage selling than you are by encouraging buying at the ask.
Lose the ask-slap mentality and get more in tune with presenting buyers with real, hard-fact reasons to hold.
I apologize for the somewhat harsh words but some posts on the board have the opposite effect of their intent. "Let's all buy at the ask" is a self serving battle cry. It's a battle cry that, if executed, has cost current and loyal shareholders some costly shares. It is very shallow to execute it again at these levels.
Remember all of the "this is a great time to buy but I'm out of powder" posts.
Bernanke - Here are three reasons to buy;
1) INIX market cap is under $400,000 right now. That it is in the range of some "shell" companies that have no product, revenue or otherwise.
2) INIX has a plan. It has been re-stuctured, altered, and retracted and re-introduced. Still, there are revenues and products in placed and more on the way.
3) INIX has a well-intentiond management staff.
You can argue the success to date of the current staff but there has yet to be an ill-defining event. The retraction of Realtime was a setback but it was done with good intention.
After the colossal setback of the Dru-era, the Ben-era has had a much lower margin of error.
Foolish or not, I will put a buy order in on Monday, but not at the ask. In fact, below the bid. However, if the share price moves up I may chase it. On the other hand, if the share price goes down, I may bottom fish. That is how the open market is supposed to work.
Great song Cardvic. I thought your song was going to be either torched with anger or simply lame but it was pretty good. I liked the ending.
Regarding the financials, I was quite certain they would be troubling and they pretty much were. I haven't looked any further than the press release and it is important to dig a little deeper before drawing firm conclusions. Still, losing $100,000 in a quarter is something INIX can't do for too long. I don't think we have the reserves to handle that.
Still, with revenues up a touch and "Capital" soon to be introduced there is reason for hope.
Just the fact that financials were released is a good sign. When most companies are about to close the doors they just run away and hide. Ben seems to be taking an upfront position in terms of having "presence" and communicating with shareholders. Plus, the press release was pretty subdued, not alot of cheerleading. I like that.
That was a great post. The energy drink reference is quite appropriate. And conversely, when the energy drink buzz doesn't take effect, everyone kind of has a "community bummer". The share price is draggin' like an anchor in the water.
INIX has to show us the money. Then this company will get its Red Bull buzz on.
In the meantime, the 2nd Q financials (Apr-May-Jun) that are due out on August 15th are not likely to be the turnaround that I had been expecting. Still, INIX seems to be putting together an infrastructure built to compete in its field.
There is no such thing as patience in pennyland but those of us in a hole shouldn't lose hope. After all, nothing has happened that INIX should be pulling back except for the ill effects of an after-buzz.
I think INIX will return to previous highs in the not-all-that-distant future.
Expectations. I am expecting that INIX will release Q1 financials tomorrow. Since they are not required to do so this is a positive event in and of itself.
OK, but on the otherside, considering iFinix is going to be starting a managed accounts program as a public company I would expect nothing less than to be transparent with their financials as well start including more information provided in them.
So you agree that submitting financials is a positive in and of itself, correct?
Realtime start-up costs involving data feeds and other related costs will more than likely extend the balance sheet into the red. Possibly to a significant amount of red. There was also the Beckman Holdings acquisition that would likely result in high 1st Q costs including legal fees.
I believe Beckman was a shareholders purchase aka shares used as cash. So it'll depend on how they report to determine what cashed/costs was used / where. Im sure there is a significant amount needed to convert legals and so forth while transforming all entities into 1 base company
So once again you agree. I suppose your point is that INIX does not have excess cash and therefore is trading shares to build its foundation. I think we all know that and it is what makes INIX a high level speculative play. Shareholders feel that the cash will follow soon enough.
It would take a surge of revenue to overcome the costs associated with the forward investment spending involving Realtime and Beckman Holdings.
I hear that
So we agree.
Still, regardless of the red ink, the 1st Q has featured sizable events for INIX. Realtime and Beckman, though costly, are structural contributions for shareholders to embrace. An INIX play has been about the future and these events help accelerate the future into near future.
Yes, but have these events been priced in as of yet? I say they have.
This is a valid discussion point. I do not believe that much of anything has be "priced in as of yet". The market cap of INIX is under $2 million. In my opinion, there is next to nothing invested in this company in terms of speculated dollars. If the future value of INIX portfolio were already priced in there would likely be a much higher market cap.
I'll be more interested in the top line than the bottom line. For now, an increase in revenue (despite investment spending) will give shareholders greater insight to the future than the bottom line.
Cant always think that way... take, 3 more new hire-on yahooo's and we are back to where we may have ended the 09 year. The past 2 new hires arent 35-50K a year employees.
Why would you categorize the additional staff as "3 more new hire-on yahooo's"? I haven't done any research on the new hires but labeling them as yahooos is an indication that you are not very receptive to any progress INIX is pursuing. I think additional staff is a good thing.
To a greater extent, I am interested in future structural contributions. What will we learn about the expansion of the product portfolio? Are the additional revenue streams progressing positively? Can we anticipate further top line growth for the remainder of the year?
Ok, so.... I think one must take what is expected of the future economy in hand when asking such questions or making such statements. . I do not think we can expect the company alone to be responsible for what may happen on the "public" side IE: "money to invest" thru iFinixs' brokerage/ managed accounts side. From where we are now I see an upward trend to a certain extent.
I do not see too many talk about this issue yet it is right in front of all our faces.
This comment is a bit confusing. When you say, "From where we are now I see an upward trend to a certain extent", are you suggesting the brokerage/managed account category will be on an upward trend? To a certain extent, I don't know how much it matters. For instance, look at Starbucks that entered the coffee category at a time coffee was on the decrease. Starbucks saw a huge, huge category and figured if they could carve just a small niche they would be successful - even though the coffee category was decreasing. The point is, the brokerage/managed account category is huge and carving out a niche would be a major success whether the economy is going up or down.
The few nay-sayers watching INIX will likely focus on the bottom line 1st Q results. I am hoping to celebrate some top line revenue increases.
What else is there to focus on except the cold hard facts? Top and Bottom lines. one of them will over-ride the other. While the company has some new revenue lines in the works these have been known about and most likely priced in at the current market. Untill investors start seeing "continued" increased revenues from "all" lines, hanging ones hat on old news could mean one may have to "pick" their hat up off the floor for the next couple of quarters.
You are one of the nay-sayers I had in mind...that said, top lines (revenue) and middle lines (expenses) override the other to create a bottom line. In your response you indicated that, "the company has some new revenue lines in the works these have been known about and most likely priced in at the current market". That is difficult to agree with and another valid discussion point. If these revenue lines are priced in, then what do you suppose those revenues are? We don't know. That is why I am waiting for the 1st Q financials. Nobody knows exactly what to expect. Further, there are hardly any speculative dollars pushing INIX. After all, this is an under $2 mil company right now. INIX is not on any radar screen or it would have a market cap much higher than the uninspriing level it is at now. INIX is on the floor so picking ones hat up will be an easy task. On the other hand, if the portfolio of INIX products gathers steam the results will be very exciting.
On a side note, XQ. Email me: bernanke_nomics@yahoo
Id like to go further with the PM's we exchanged but cannot on here. I will not subscribe to ihub considering past events but would like to exchange ideas on the company. Dont need the .03 you suggested.
This does not mean that everyone else in dispute with my past posts should send a bunch of teenage like hate mail. Had enough of that on here...
I think you kind of like hate mail.
Expectations. I am expecting that INIX will release Q1 financials tomorrow. Since they are not required to do so this is a positive event in and of itself.
Realtime start-up costs involving data feeds and other related costs will more than likely extend the balance sheet into the red. Possibly to a significant amount of red. There was also the Beckman Holdings acquisition that would likely result in high 1st Q costs including legal fees.
It would take a surge of revenue to overcome the costs associated with the forward investment spending involving Realtime and Beckman Holdings.
Still, regardless of the red ink, the 1st Q has featured sizable events for INIX. Realtime and Beckman, though costly, are structural contributions for shareholders to embrace. An INIX play has been about the future and these events help accelerate the future into near future.
I'll be more interested in the top line than the bottom line. For now, an increase in revenue (despite investment spending) will give shareholders greater insight to the future than the bottom line.
To a greater extent, I am interested in future structural contributions. What will we learn about the expansion of the product portfolio? Are the additional revenue streams progressing positively? Can we anticipate further top line growth for the remainder of the year?
The few nay-sayers watching INIX will likely focus on the bottom line 1st Q results. I am hoping to celebrate some top line revenue increases.
The notion that INIX will not show a 1st Q profit is just my opinion. To anticipate profits in Jan-Feb-Mar I think is over-reaching. The company is progressing at a very rapid rate but that progress will not be rewarded in terms of profit/loss in the first three months of this year. I took the liberty of suggesting that many others share that opinion.
That doesn't mean the 1st Q results won't be favorable. I am anticipating a press release that features revenue growth. Revenue growth versus last year will be in the double digits at least, correct? Perhaps much, much higher.
I'm also very bullish on Apr-May-Jun numbers(reporting Aug 15th). And even then, INIX may not be profitable.
This is why I think there will be some upward momentum in mid-May. Speculators will have further evidence that INIX is building something tangible. Then by August, it will become even more clear and INIX will draw further attention.
Keep in mind that the last couple days of upward movement was done on less than $100,000 in trading. You can imagine what would happen if some more speculators want to take a position.
INIX will go up and down all summer but by the end of the year I expect the share price to double at least two more times from here.
XCLR8R - I think you're being a touch sensitive about my suggesting the share price will hover in the two cent range. It would be very healthy for the company to maintain its recent increases. There is nothing wrong with a plateau after nearly doubling in the past week.
Besides that, my opinion is that INIX will establish this plateau for just a few weeks until mid-May before another double. The next double may occur due to indications provided in the 1stQ financials, not just the numbers in the report. That is, I think INIX will be in a position to provide some very positive guidance.
Until the financial report comes out there is no reason to expect a surge in buyers.
Regarding the 1st Q financials (Jan-Feb-Mar), Realtime did not begin generating revenue until the last week of March. Instead, INIX more than likely incurred growing pains (costs) related to the introduction of Realtime including data feed costs. I don't expect huge losses but I certainly don't expect a profit. It won't be a big deal at all if INIX is not in positive territory.
More importantly, I expect Q2 (Apr-May-Jun) to have some encouraging Realtime revenue. I think that by then Beckman may also pitch in with a full quarter of reporting.
Upward share price movement was good to see - and volume picked up too. I'm very pleased but I wouldn't say surprised. I think this was more of a correction than anything else. That price in the low penny range was just too low.
One of the posts said something about a press release tomorrow being perfect timing. So far, press releases have not been helpful. Unless there is a press release that directly addresses revenue generation, the pr's can wait.
My own prediction is that INIX continues to trade in the low $.02's until the financial report in less than three weeks. It is generally accepted that INIX will report losses in the 1st Q but there may be some signals that profitable reporting is right around the corner. In mid-May I think INIX will test a new 52 week high before retreating a bit.
Then, more product announcements and a much more positive 2nd Q report will move the share price once again.
Those are my expectations, for what it is worth.
I was not with INIX during the previous administration's failed rollout. It is fortunate to not have the emotional baggage (and financial losses) that went along with that apparent disaster.
My impression is at that time INIX had a product they thought could compete in the marketplace. It was rushed to the market but the product had flaws that prevented it from a successful rollout. The CEO at that time made some (near) fatal errors in terms of testing before the launch. The stock tanked badly. In short, I believe that is an accurate summary.
Not too long after the failure, the CEO died. From what I don't know. A new management team tried to rescue the product from its fallen threshold despite being extremely low on funding and saddled with some debt. Still, they believed the product was viable if corrections were made.
Indeed, corrections were made. Still, shareholder support was barely existent as the share price came as close to zero as it could get. The new management team reached out to its shareholders with more promises and opportunities if they could help raise minimal funds. Many did. The management team also addressed its debt issues which were identified in the recent financial report.
With flaws corrected and debt reduced, INIX re-introduced the Realtime product. Unfortunately, some data feeds cramped the introduction for a couple of weeks. To many familiar with INIX history, this was horrific. To the rest of us, it was an understandable delay.
Now, the product is active and viable. Still, the stock market has been punishing INIX for its slightly flawed most recent re-introduction. Understandably so, I suppose.
I think this explains, to a certain degree, why many of us who did not endure the initial rollout are shaking our heads about the lack of excitement in the current INIX product and management team.
Still, as this new product gains some footing and the new management continues towards its path of restoring credibility, the excitement will follow.
To attract attention to INIX it will take either a press release identifying a business relationship that will produce revenue (white label/private label agreement as an example) or financial reports confirming profitability.
I think we are investing in a product that competes very well within the industry. Additionally, it has a pricing advantage which may help launch some volume. There is some discussion about "once the market turns around" but I'm not convinced that is necessary. With a down market, it is more important than ever for the professionals to cut costs. INIX may be the value-added product that many are willing to turn to for a comparable product at a reduced price.
After all, when everything is rolling the difference between a $125/month service and a $39.95/month service is nominal to a certain extent. When times are a bit more difficult, though, consumers tend to see the $85/month savings with a similar product worth changing to. That $1,000 savings/year becomes more significant and if the product performs just as well the switch becomes an easier decision. Multiply that by thousands of users and some firms may see INIX product as a welcome investment.
My feeling about INIX is;
Undervalued and undertraded.
As the big players (most recently Goldman Sachs) continue to answer to fraud accusations, investment bankers will need to seek smaller companies to engage with.
The smaller companies, like INIX, will emerge to secure a little speculation market share from the big boys. Credibility will be important.
As I see it, INIX is bringing in some high caliber talent to secure some experience in growing its space.
INIX has a product portfolio that is generating income and will lead to some continued doubles, triples and more.
INIX is marching correctly in every way. Their entire turnaround is being conducted with an emphasis on disclosure. Any analyst will see that this "less than $2mil" market cap company is fully disclosing its activities, holding shareholder meetings, offering timely financial reports and meeting every expactation.
After a long, long time INIX finally broke through the one cent per share barrier at the beginning of December. Enthusiasm was high due to the pending introduction of Realtime.
INIX's introduction of Realtime was not so much bungled, but simply delayed. Still, the marketplace hammered INIX for not executing a flawless introduction. Then, once Realtime was officially introduced, the enthusiasm had moved on.
Since, INIX has had a number of positive press releases communicated to the trade. The completion of the Beckman deal, engaging an Investment Banker, providing a Marketing Update, disclosing year-end financials on time and with positive figures, and most recently adding a highly qualified person to Ifinix Capital and it Board of Directors.
Regardless, the share price has retreated and remains a bit dormant, down towards its pre-December price.
Though enthusiasm waned, there was firm support at one cent per share. Now, INIX is hovering at just a touch above that mark. Still, there seems to be so much on the horizon that it is strange how the speculative investors have ignored this company.
It is a bit eery how INIX has tested its support level (one cent/share) and yet lays lethargic. I wonder what investors are waiting for.
INIX has a product (Realtime) that has passed its introductory testing. INIX has a management crew that has met each of its goals. INIX has a share structure that is not prohibitive of tremendous growth.
What is the problem here? Even the naysayers are having a hard time pointing out any sizable flaws. The latest arrow was that the 1st Q (Jan-Feb-Mar) financials may not be in the black. That is the reason to avoid investing in INIX at these levels? What about the 2nd Q (Apr-May-Jun) when Realtime revenues will contribute more, Beckman will have been on board, and Ifinix Capital will be fortifying its future path?
I like what I see in INIX, short term and long term. One of these days soon the speculators will return. It may be after 1st Q financials, it may be after 2nd Q financials or it may be on the whim of momentum that arbitrarily hits speculative stocks like INIX. INIX will make a big run before it goes backwards. Buying at today's prices will seem genius.
Bernanke, I have the perfect stock for you. It's called Berkshire Hathaways (BRK.A). It is trading at $119,000 per share. It has tangible assets and a portfolio of revenue streams.
In the meantime, INIX is a penny stock with a low float and is conducting itself in a manner that is atypical of pink sheet stocks.
INIX has a current revenue stream and just released a new product that is expected to generate a future revenue stream. The company also has announced several other initiatives that will add more future revenue streams. It is not over-burdened with debt. One can speculate on the success of these future revenue streams by participating as a shareholder at these sub-nickel share prices. Or, one can wait until the future revenue streams kick in and participate at higher per share prices.
There is nothing wrong with a contrarion point of view. It is healthy to a certain extent. People on messages boards are, by circumstance, "half-full glass" people. That is, they see the positive and have invested in the company. Otherwise, they would take a peek and move on.
To a certain extent, the contrarions are not necessarily bad. They have a tendency to be "half-empty glass" people but make the others think a bit. The contrarions love to be challenged.
As it applies to the INIX annual report, the contention that a 90% drop in losses was achieved is easily challenged by the contrarions. Really, what established company can make such a grand statement. None, because such a statement would be only acheivable by a start-up company. It is a positive statement! Regardless, the contrarion can point out the contributions of the long-time shareholders who exercised the opportunity to invest further in the company's future. Without them, the loss would have been 54%! And, the CEO makes mention in the press release of the loyal stockholders input which has helped INIX gain its current position. It is not as if the cash infusion was pushed completely under the rug.
In my opinion, for INIX to be available for long term or short term investors at under two cents per share is a shrude investment. Long termers can expect an incredibly healthy return since this company has a comparable product to many main stream firms and is lean enough to offer it at a reduced price. Further, they are willing to white label or private label the product to established firms who can utilize it on a high-volume, low margin basis.
Short term (day-traders) will use their charts and experience to manage their way through the highs and lows. In all, though, I think the pumps will hugely out-number the dumps.