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.
Any word on the bankruptcy court case?
Thanks and please keep us informed.
What is Admin Proceeding and where can you find this information?
Does it matter. BM and DS own and run this company. They could do anything they want. End of story.
Have a Great Weekend!
FYI
Per 2011 annual report, BM owns 34,068,039 pfd shares with a conversion rate of 60 common shares to 1 share of pfd which equates to 2,044,082,340 common shares.
Total pfd shares of 50 million converts to 3 billion common shares.
There is only 1 billion shares Authorized.
Not even legal counsel pick up this information.
IMO, Pfd shares should have had a r/s of 1500 to 1.
Therefore, audited f/s are needed to see where Ifinix stands.
Have a Great Day.
Ask your self this question:
Do you feel comfortable with the financial statements released last week?
A follow up question is:
Does the DTCC and FINRA feel comfortable with the documentation submitted by Ifinix management?
Have a great day.
A Few Notes:
R/S to common shares not preferred
Legal Counsel In California not Florida
Who prepared FS? BM signed off on them.
Board of Directors - Treasurer?
Who is working on the software?
The only way the investment community will embrace Ifinix is for a fully blown audit of the financial statements. Until then, there are many issues out there.
DS said in January 2012, we will uplist as soon as we have an audit completed in 90 days. No audited FS.
Promises Promises Promises
After reviewing the unaudited fs, it seems that uplisting is a very long long long long way off.
IMO, past history plays a major role in securing approvals from federal agencies. ie. DTCC & FINRA
Same Old Story.
What has DS been doing since his January 2012 PR's?
No Audited FS. No Uplist.
Now a 12 month plan by BM. Uplist and acquire.
We went through this 2010 and 2011. Gold Mine? Brokerage?
It feels and sounds like a broken record.
As per DTCC, the last time Ifinix had a "D" added to the symbol was 9/20/10 and removed on 10/21/10 by DTCC(31 days).
As per DTCC, the last time Ifinix had a "D" added to the symbol was 9/20/10 and removed on 10/21/10 by DTCC(31 days).
Finra.org/Investors/MarketData/CompanyInfo
Then enter INIXD
No Info No filings
D stands for new issue or reverse split.
As of 9/21, there is no co. info detail or news on FINRA website.
Also, all shareholders are supposed to participate in voting on stock splits or reversals by way of a mailing from the co.
Just like the mailing on A and B shares in 8/2009 and 12/2009 from BM.
I know that Finra denied a company from r/s because it done so many in the past. Therefore, the co. went into bankruptcy.
I think FINRA has the last say about reverse splits. As of today, I do not see any approval by FINRA about the reverse split on outstanding shares.
As of today, there are approx. 998 million of authorized shares to be used.
Remember, just before BM left in 9/2011, he received 500 millions shares or 16.7% of total shares.
I think the company consists of DS and BM.
Maybe we will be able to buy A shares and B shares again.
FYI - the address of IFINIX Suite 1102 includes lawyers(all types), court reporters, investment companies, etc. and our beloved IFINIX.
reversed stock split authorized 3:1
reversed stock split outstanding 1500:1
What a big variation?
It looks like BM/DS are up to their old tricks by paying services or acquisitions with our old shares.
As of today, INIXD is on the Pink Sheets. As per mgmt., they did not reach their goal to uplist to OTCQB. No audited FS.
Maybe BM & DS should get a bonus? LOL
What next? Another RS?
Do you know when the paperwork went to FINRA & DTCC?
Thanks.
No audited financial statements, No information from the mgmt team. What is going on?
We have been down the golden path before. DTCC/FINRA.
Remember, August 2011 investigations and rulings do not help the filing process with DTCC and FINRA.
Who is on the BOD? Where is Doug?
I agree. The new motto of Ifinix should be from a famous play: "Promises, Promises".
Mgmt. is leading the remaining shareholders down the golden path.
No PR. No Audited FS as promised by DS. Nothing.
It will be a very cold day before we get any info out of Ifinix mgmt.
Maybe info will come out on the FIRST Anniversary of the NFA Action
6/2012 2.77B O/S 3.00B A/S
7/2012 923.3M O/S 1.00B A/S
If you own 3 million shares in June, now you own 1 million shares in July.
We have to wait for the audited financial statements. No more smoke and mirrors. No more pulling ideas out of a hat. Timely reporting.
On 6/6, I sent an e-mail to Ifinix asking if anyone was there?
Surprise, Surprise. I received a response that afternoon - "We will update the public ASAP".
Has anyone talked to Doug lately?
FYI - Tried to call Ifinix at the last phone number published - "no longer there". Called mgmt. co. of building at address published - "no longer there". I guess - Ifinix is "no longer there".