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.
What's "gave you both user marks"?
UP two cents, now lets keep climbing...
Forex International Trading Corp. Reports Monthly Metrics of Triple 8 Limited
9:00 AM ET 7/11/11 | BusinessWire
Forex International Trading Corp. (the "Company") (OTCBB:FXIT), today highlighted the significant accomplishments achieved by Triple 8 Limited ("Triple"), which is approximately 50% owned by the Company, its June 2011 performance include:
June 2011
View data
Triple 8 Ltd - June 2011 Month over Month Year over Year (Increase/Decrease) (Increase/Decrease) ------------------- ------------------- Trading Volume (1) 199% 561% --------------------------- ------------------- ------------------- Trades per Month 10% 124% --------------------------- ------------------- ------------------- Active Trading Accounts (2) -3% 139% --------------------------- ------------------- -------------------
Retail customer trading volume (1) in June 2011 which was 199% higher than May 2011 and 561% higher than June 2010. On average, retail client trades per month in June 2011 was 10% higher than May 2011 and 124% higher than June 2010. Tradable accounts (2) as of June 30, 2011 were representing a decrease of 3% from May 31, 2011 and an increase of 139% from June 30, 2010.
This operating data is preliminary and subject to revision and should not be taken as an indication of the financial performance of Triple or the Company.
(1) Volume that Triple retail customers traded in period translated into US dollars.
(2) A Triple retail customer account that placed a trade.
FXIT CEO Darren Dunckel commented, "Our business continues to be strong and we are encouraged by the results of our expansion in the first quarter. Our Triple 8 unit had another record month in several key areas; volume, trades, and deposits."
About Forex International Trading Corp.
Headquartered in New York, NY, Forex International Trading Corp. operates an offshore advanced online trading platform for Forex markets to non U.S. residents. The Company focuses on providing individual and institutional investors with a platform for buying and selling currencies, precious metals and commodity futures. The company's platforms allow self-directed, broker-assisted, and managed accounts. Through the platforms, customers have access to over 20 currencies and bullion deliveries. The Foreign Currency Market ("Forex" or "FX") is created by the global exchange of currencies. According to the Bank for International Settlements, the average daily turnover, or, volume in the Global FX market in April 2010 was $4 Trillion compared to only $1.2 Trillion in 2001 (Wall Street Journal, Sept. 1, 2010). Historically, access to the FX market was only available to governments, commercial banks, corporations, and other large financial institutions. The Company is now capitalizing on the growth of online currency trading through its state of the art web-based trading platforms.
For more information, please visit: http://www.forex-international-trading.com.
Forward-Looking Statements: This press release contains forward-looking statements, including expected industry patterns and other financial and business results that involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. Such risk factors include, among others, whether Forex International Trading Corp. can successfully execute its operating plan; its ability to integrate acquired companies and technology; its ability to retain key employees; its ability to successfully combine product offerings and customer acceptance of combined products; general market conditions; and whether Forex International Trading Corp. can successfully develop new products and the degree to which these gain market acceptance. Actual results may differ materially from those contained in the forward-looking statements in this press release. Forex International Trading Corp. does not undertake any obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
SOURCE: Forex International Trading Corp.
Investor Relations:
Core Consulting Group
Paul DeRiso, 925-465-6088
paul@coreconsultingroup.com
What the heck?
Seriously, what is going on, why would anyone start the day selling 1000 shares at .0925 ($95-Trading fees)
Price..........Size........Exch.....Time
$0.1150......5,000.......OBB......10:29:44
$0.0925......1,000.......OBB......10:28:35
This is how and why barcharts is putting ARSC as a strong buy.
http://barchart.com/opinions/stocks/ARSC
BarChart has ARSC as STRONG BUY! http://barchart.com/quotes/stocks/ARSC
yes there are court docs. we have seen them. Yes they connect the 2 to Darren. But is in the past. Is there anything that says the 2 are currently involved in FXIT?
I did see a paid info-mertial on msnbc and it was pushing that forex trading is all about training. And that is part of what FXIT does.
I am not denying that Darren Dunckel has had connections with both of them before. The question is do we have any proof that they are connected to this company?
Per the phone call with Darren Dunckel, he stated that they weren't. Can someone confirm this directly with Darren Dunckel?
The real question is, does Yossi Attia have anything do with this company?
Sales & Times for 6/23.
$0.13 2,000 OBB 15:34:06 $250.00
$0.12 5,000 OBB 15:33:15 $600.00
$0.12 3,000 OBB 15:30:09 $360.00
$0.12 2,000 OBB 15:17:18 $240.00
$0.10 200 OBB 15:12:59 $20.20
$0.12 2,000 OBB 10:53:03 $240.00
$0.11 75,000 OBB 10:43:52 $8,250.00
$0.11 80,000 OBB 10:42:16 $8,880.00
$0.12 2,000 OBB 10:08:57 $230.00
$0.11 2,800 OBB 9:55:51 $310.80
Volume 174,000 Traded $19,381.00
FXIT.....
so when the divy happens, will i just have extra shares in my etrade account?
So whats next?
3's a coming.
got it.
FXIT PRESS RELEASE! 6/22
Forex International Announces Corporate Update
Press Release Source: Forex International Trading Corp. On Wednesday June 22, 2011, 9:00 am EDT
NEW YORK--(BUSINESS WIRE)-- FXIT (OTCBB:FXIT.ob - News), a leading online provider of foreign exchange, or FX, trading and related services for non–U.S. residents, today issued a corporate update.
As a fully reporting entity, it is the goal of Forex International Trading (FXIT) to be as transparent as possible by continually providing shareholders and investors with information on the goals and any progress of the Company as well as provide disclosure with respect to the Company’s financials.
Corporate Goals
The Company will continue to focus on the following goals:
1. Continue to organically grow its offshore trading platform
2. Rollout a Forex trading platform for U.S. residents
3. Identify and acquire or invest in companies that may:
a. Increase product mix
b. Increase customer base
c. Increase revenues
d. Reduce costs
Milestones Achieved
Through 2010 and into 2011 the Company has achieved various milestones:
1. During 2011, the Company moved its offshore trading operations (Triple 8) to a larger facility to allow it to hire more people to grow the business. The Company believes it will begin to see the results of this expansion in the 3rd quarter of this year. Through May 31, 2011, Triple 8 has experienced:
a. Year-over-Year Volume is up 156%
b. Year-over-Year Trades are up 106%
c. Year-over-Year Average Monthly traders is up 143%
2. The Company’s goal is to have a legal platform to rollout for U.S. residents during the 3rd Quarter of 2011. As part of its expansion efforts in the last three months the Company has actively interviewed candidates to fill the roles of President and Chief Financial Officer as well as replacing its auditors with auditors based in New York City that will have a greater global presence and capabilities. The Company anticipates a new auditing firm will take over during the 3rd quarter of 2011.
3. The Company is presently in the process of completing the planned acquisition of Forex New York City LLC and has entered into a Letter of Intent to acquire up to 51% of Paragonex. The goal of the Forex New York City acquisition, if and when consummated, is to add an education product to its existing platform as well as a base of operations for expansion into the United States. The Paragonex acquisition, if and when consummated, should increase product mix and reduce operating costs.
Consolidated Financials
As previously reported, the Company had consolidated revenues of $3.19 million with consolidated EBITDA for the first quarter of $128,000. As part of its ongoing reporting, the Company has been, and anticipates continuing the reporting of its monthly metrics, which provides statistics of trading volume, number of trades and active traders.
Recent Trading Activity
The Company also comments on recent trading activity and stock price decline. The Company’s fundamental business strategy and future prospects have not changed in the last few weeks and is on pace to well exceed last year’s revenues. The Company believes that its stock is undervalued at these prices and will continue to keep an “open line” with its shareholders so that they are informed as to the Company’s operations and results.
“We are still in the beginning stages of building shareholder base and shareholder value. We are excited about our growth and we will continue to strive in becoming a contender in the Forex markets. It has always been important that we remain transparent with the investment community and our shareholders regarding our growth strategy and financial achievements and we will continue to do so,” commented Darren Dunckel, CEO of Forex International Trading.
About Forex International Trading Corp.
Headquartered in New York, NY, Forex International Trading Corp. operates an offshore advanced online trading platform for Forex markets to non U.S. residents. The Company focuses on providing individual and institutional investors with a platform for buying and selling currencies, precious metals and commodity futures. The company’s platforms allow self-directed, broker-assisted, and managed accounts. Through the platforms, customers have access to over 20 currencies and bullion deliveries. The Foreign Currency Market ("Forex" or "FX") is created by the global exchange of currencies. According to the Bank for International Settlements, the average daily turnover, or, volume in the Global FX market in April 2010 was $4 Trillion compared to only $1.2 Trillion in 2001 (Wall Street Journal, Sept. 1, 2010). Historically, access to the FX market was only available to governments, commercial banks, corporations, and other large financial institutions. The Company is now capitalizing on the growth of online currency trading through its state of the art web-based trading platforms.
For more information, please visit: http://www.forex-international-trading.com
Forward-Looking Statements: This press release contains forward-looking statements, including expected industry patterns and other financial and business results that involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. Such risk factors include, among others, whether Forex International Trading Corp. can successfully execute its operating plan; its ability to integrate acquired companies and technology; its ability to retain key employees; its ability to successfully combine product offerings and customer acceptance of combined products; general market conditions; and whether Forex International Trading Corp. can successfully develop new products and the degree to which these gain market acceptance. Actual results may differ materially from those contained in the forward-looking statements in this press release. Forex International Trading Corp. does not undertake any obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Contact:
Investor Relations:Core Consulting GroupPaul DeRiso, 925-465-6088paul@coreconsultingroup.com
we got through the negative attacks, now we just need some news.
It's rising.
BarChart: 7 Day Average Directional Indicator as a BUY.
Pumpsanddumps looks like a "short and distort". They short the stock and then scare people hoping stock goes down and they make tons of money.
Be ready! Don't sell. Even if it gets to .0002 let it get in the .10 range. This is going to jump up it people stop selling at .0001 -.0002
Well the pps is still staying around .14 even with this "blockbuster".
Still nothing from pumpsanddumps?
Pumpsanddumps email just came out said this:
"Speaking of Corporate Evolutions, that bunch of crooks comes into play with our pending advisory on FXIT being disseminated later today."
So I guess we are still waiting on their news.
Why all this talk about making millions? Am I missing something. ARSC is my lotto ticket, am hoping to make millions, heck I'd be a happy at even part of a million.
The CEO mentioned on conference call that he was with a company that failed in Las Vegas. He said it had to with real estate or construction (I am not sure), and that because of the housing/economic crisis of 2007 the company failed (like many did). He also asurred us on the call that there was money owed to people and that it had been repaid and resolved.
Anyone else that was on call remember more on what he said?
To me it seemed like he was being honest and didnt seem to be trying to hide anything.
Thoughts?
NEWS June 9th.
NEW YORK--(BUSINESS WIRE)-- Forex International Trading Corp. (the "Company") (OTCBB:FXIT.ob - News), today released a Shareholder Update.
Following the company’s conference call, the company has received numerous calls from shareholders who were unable to attend. The following represents excerpts from the call:
Consolidated Financial Results First Quarter 2011 (unaudited)
Total Revenue
$3,178,233
Gross Profit
$2,590,633
Operating Expenses
$2,616,907
Depreciation
$154,891
Operating Expenses w/out
$2,462,016
Depreciation
EBITDA
$128,617
Just to put these numbers in perspective, our consolidated year end numbers which can be found in our annual report on Form 10-K Note 3 showed Total Annual Revenue of $7,599,093. So in the first quarter, we experience approximately 42% of the revenue experienced for all of 2010 while spending only about 36% of the marketing budget for 2010. These numbers were all accomplished while Triple 8 Limited moved to a new bigger location. Below are additional highlights for Triple 8 Limited:
• Trading Volume for the quarter was just over 9 Billion compared with approximately 3.5 Billion in the first quarter of 2010.
• Average Trades per Month – over 42,000 trades in the quarter compared with just over 21,000 trades in Q1 2010.
• Revenue per Million of Trading Volume $353.86
• Deposits per Marketing Dollars spent $2.88
• Revenue per Marketing Dollars spent $2.57
• Current Marketing spend per month approximately $400,000
According to the Aite Group (Financial Services research Firm), the industry has grown from an estimated 6 Billion in Daily Trading Volume in 2001 to an estimated 313 Billion in daily trading volume in 2010 and the number of traders worldwide is up to over 8 million traders.
In looking at our industry, we still see a significant number of new traders coming into the marketplace over the next 3 to 5 years. According to Aite, the online investor universe worldwide is estimated at 110 million so FOREX traders now only represent approximately 7 to 8 % of the online trading marketplace.
Our goal for the company is to continue to grow organically and through acquisitions.
We believe Triple’s existing platform is currently positioned to attract first time traders who are comfortable trading online and we are currently marketing to non-US Customers, which represent approximately 75% of the market according to International Bank of Settlements. Following the first quarter, Triple is on target to reach our projected revenue of approximately $15 million.
In addition, the script from the call can be found as an exhibit to our Form 8-K filing on May 25, 2011.
Forex International Trading CEO Darren Dunckel commented “It is our goal to provide our shareholders and the investment community as much information as can be released. As a company, educating investors is an important part of our core business. Information is a key component of that education process. Therefore, we continue to strive to release information that will help investors evaluate our company.”
About Forex International Trading Corp.
Headquartered in New York, NY, Forex International Trading Corp. operates an offshore advanced online trading platform for Forex markets to non U.S. residents. The Company focuses on providing individual and institutional investors with a platform for buying and selling currencies, precious metals and commodity futures. The company’s platforms allow self-directed, broker-assisted, and managed accounts. Through the platforms, customers have access to over 20 currencies and bullion deliveries. The Foreign Currency Market ("Forex" or "FX") is created by the global exchange of currencies. According to the Bank for International Settlements, the average daily turnover, or, volume in the Global FX market in April 2010 was $4 Trillion compared to only $1.2 Trillion in 2001 (Wall Street Journal, Sept. 1, 2010). Historically, access to the FX market was only available to governments, commercial banks, corporations, and other large financial institutions. The Company is now capitalizing on the growth of online currency trading through its state of the art web-based trading platforms.
For more information, please visit: http://www.forex-international-trading.com.
Forward-Looking Statements: This press release contains forward-looking statements, including expected industry patterns and other financial and business results that involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. Such risk factors include, among others, whether Forex International Trading Corp. can successfully execute its operating plan; its ability to integrate acquired companies and technology; its ability to retain key employees; its ability to successfully combine product offerings and customer acceptance of combined products; general market conditions; and whether Forex International Trading Corp. can successfully develop new products and the degree to which these gain market acceptance. Actual results may differ materially from those contained in the forward-looking statements in this press release. Forex International Trading Corp. does not undertake any obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
So pumpsanddumps says:
"Our third party email service "iContact" is experiencing technical difficulties. For this reason the advisory on FXIT will be delivered later today. We apologize for the delay which is beyond our control."
Their website does say this though:
Once You Have A Reputation As A Con Artist, It's Hard to FiXIT
Who's Who At Forex International Trading Corp. (FXIT)
June 9, 2011: In all honesty, this advisory could have been 3 or 4 times longer than it is. Such is the documented history of the people behind Forex International Trading Corp. (FXIT). This will be the first time we will concentrate exclusively on the people behind our subject company rather than elaborate on the scheme itself, except to say that the first Pump & Dump on the stock of this relatively new listing has already been conducted. And once you read this introduction to the inside players, you will realize that this has to be a scam. Not their first scam. Nor their second. Nor their third. Nor, is it likely (and unfortunately), their last.
Thoughts?
DON'T SELL!
And note, I am a supporter of ARSC. I am trying to have faith in this company and appriciate anything that it will do to prove the naysayers wrong, just doing my dd, I know I can't sell even if i wanted to so I am only hoping it goes up, a lot! And dont even try and sell at .0001 you are prventing it from even having a chance.
My intitial search was just his name, and found results that triggered my to search scam.
I am not likely certain words that keep coming up when I do a google search of Randy Moseley.
http://www.google.com/search?q=Randy+Moseley+scam&rls=com.microsoft:en-us&ie=UTF-8&oe=UTF-8&startIndex=&startPage=1
On Thursday at 10am ET, we are releasing our much anticipated advisory on FXIT. We are going to detail several schemes that this same group that's runs FXIT has conducted on other deals which have resulted in multi-million dollar lawsuits being settled and millions of dollars in shareholder value lost. The final due diligence is yet to be completed, but we are telling you now that these are bad people whose only goal is to separate you from your money.
Are they refering to this?
http://siliconinvestor.advfn.com/readmsg.aspx?msgid=26095474
http://www.reuters.com/article/2009/10/30/idUS213348+30-Oct-2009+GNW20091030
http://sec.edgar-online.com/eco-trade-corp/10-k-annual-report/2011/04/15/section6.aspx
FXIT (.145) NEWS
http://www.businesswire.com/news/home/20110606005683/en/Forex-International-Trading-Corp.-Reports-Monthly-Metrics
June 6th, 2011
Forex International Trading Corp. Reports Monthly Metrics of Triple 8 Limited Business Wire "Press Releases - English"
NEW YORK --(BUSINESS WIRE)-- Forex International Trading Corp. (the "Company") (OTCBB:FXIT), today highlighted the significant accomplishments achieved by Triple 8 Limited ("Triple"), which is approximately 50% owned by the Company, its May 2011 performance include:
May 2011
Triple 8 Ltd May 2011
Month over Month (Increase/Decrease)
Year over Year (Increase/Decrease)
Trading Volume (1)
8%
68%
Trades per Month
21%
61%
Active Trading Accounts (2)
13%
163%
Retail customer trading volume (1) in May 2011 which was 8% higher than April 2011 and 68% higher than May 2010 . On average, retail client trades per month in May 2011 was 21% higher than April 2011 and 61% higher than May 2010 . Tradable accounts (2) as of May 31, 2011 were representing an increase of 13% from April 30, 2011 and an increase of 163% from May 31, 2010 .
This operating data is preliminary and subject to revision and should not be taken as an indication of the financial performance of Triple or the Company.
(1) Volume that Triple retail customers traded in period translated into US dollars.
(2) A Triple retail customer account that placed a trade.
FXIT CEO Darren Dunckel commented, Our Triple 8 unit continues to execute their growth plan. May was very respectable and we continue to be on plan for the year.In addition, I am very optimistic about future growth based on record deposits and a record number of active traders in May for Triple 8.
About Forex International Trading Corp.
Headquartered in New York, NY , Forex International Trading Corp. operates an offshore advanced online trading platform for Forex markets to non U.S. residents. The Company focuses on providing individual and institutional investors with a platform for buying and selling currencies, precious metals and commodity futures. The companys platforms allow self-directed, broker-assisted, and managed accounts. Through the platforms, customers have access to over 20 currencies and bullion deliveries. The Foreign Currency Market (" Forex " or "FX") is created by the global exchange of currencies. According to the Bank for International Settlements, the average daily turnover, or, volume in the Global FX market in April 2010 was $4 Trillion compared to only $1.2 Trillion in 2001 ( Wall Street Journal , Sept. 1, 2010 ). Historically, access to the FX market was only available to governments, commercial banks, corporations, and other large financial institutions. The Company is now capitalizing on the growth of online currency trading through its state of the art web-based trading platforms.
For more information, please visit: http://www.forex-international-trading.com.
Forward-Looking Statements: This press release contains forward-looking statements, including expected industry patterns and other financial and business results that involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. Such risk factors include, among others, whether Forex International Trading Corp. can successfully execute its operating plan; its ability to integrate acquired companies and technology; its ability to retain key employees; its ability to successfully combine product offerings and customer acceptance of combined products; general market conditions; and whether Forex International Trading Corp. can successfully develop new products and the degree to which these gain market acceptance. Actual results may differ materially from those contained in the forward-looking statements in this press release. Forex International Trading Corp. does not undertake any obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Core Consulting Group Investor Relations: Paul DeRiso , 925-465-6088 paul@coreconsultingroup.com
Source: Forex International Trading Corp.
This should be an interesting week. Good luck all. Lets hope this stock can begin moving back up.