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If things keep progressing at this same slow pace I’m gonna wind up with a million shares of this. Maybe more
Lol
Yep…..acknowledging the cleanliness Whitten
Hmmm. Ok
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SPRING, TX / ACCESSWIRE / October 25, 2023 / Infrax Systems, Inc. (OTC PINK:IFXY) (the "Company") is pleased to provide shareholders with an update of recent activities and its near-term plans going forward. To recap past events, in late 2022, the Company had to cancel its first acquisition due to an internal situation with the target company that was discovered during the due diligence phase. Mr. Carey Cooley, CEO, stated, "My primary goal is to protect shareholders at all costs. In order to do so, we had to unwind the prior deal to guarantee that IFXY was not on the hook for past internal problems of one of its acquisitions. Although it was a painful process, the only way to do that was to take a step back, trim the fat, reevaluate, and then come back and move forward with the right structure and people involved."
Since resolving the initial issues, Mr. Jose Piñeda has rejoined the team as its President. Mr. Piñeda will primarily be responsible for identifying the right companies to acquire to achieve our vision and ensuring that the acquisitions are completed. The Company's vision remains the same: to provide the immigrant population in the US, primarily from Central America, with the desired products and services they need to maintain their connections with their native nations while they integrate into American society.
The Company would like to highlight the following items:
In April 2023, the Company completed its acquisition of Tu Abogado Facil ("Your Easy Lawyer"), a cutting-edge online marketplace designed to bridge the gap between Central American lawyers and immigrants seeking legal assistance in their home countries. More updates on current and future business regarding Tu Abogado Facil will be released soon.
We have engaged an audit firm and expect to complete a PCAOB audit by the end of the calendar year. Upon completion of the audit, the Company plans to become a fully reporting direct filer with the SEC.
The Company has identified five additional target companies that it plans to acquire throughout the 2024 calendar year, many that have already made verbal agreements to be acquired. More details on each of these companies will be provided as the acquisition process moves forward, but we are very excited about our short and long term future ahead.
Lastly, the Company plans to change its name to Toditito, Inc. to better reflect its corporate vision, and will file a name change request with FINRA in the near future. We would like to let shareholders know that no new shares have been issued since we first acquired the Company, and that there are no current plans for a reverse split to achieve our current goals. We will address any need to restructure the Company down the road if we decide to move to an exchange.
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I dunno….I see a willingness to clean up with little to no effort. I see no mentions on social media and I see no effort on the company’s behalf. BERI seems as likely to revisit .20+ as it does it’s lows again
Especially if they continue disclosing numbers that make a person’s head spin
So whether that selling weeks ago was a debt holder or tired open market money reacting to float growth…..it was a blatant over reaction. And let’s not act like the float isn’t still small. Really small
I haven’t dd’d this in I literally don’t know how long….so purely going off memory. But the guy was at the helm of more companies than the 1 that tried to merge in here.
I kinda detached emotionally so I don’t remember if they ever explained why they unwound that deal
BUT….it’s interesting to see the same familiar name on otcmarkets….clearly the relationships stayed intact and I can only speculate….but it makes a person think the market overreacted when trying to explain the turn of events here.
I say that while understanding the disappointment….cause 12-15 month delays do suck. I just don’t have it in me to whine and cry and bring my feelings to ihub
Ayyy ok….go ahead and do it for us SMEV
Just noticed the late day action here…one of the few places I was bidding.
Caught 0032s and 0034s
Time will tell whether that was 1 tired seller and thus easy money or something else. But it obviously printed 0053 minutes later… so unless I’m presented w new info, I’m thinking 02+ is a reasonable assumption here with time
Even in this jank market
Ok I get it…..a size guy is freeing up $ and I need to not worry about the chart or the base or psychological price points or HENI’s ability to clean up and be thin
It’s 2023 and spots that look like easy money sometimes aren’t….so as stupid as 034-042 looks, I need to back off and be open to the idea of stupider prices and longer delays
As of now my little amount is @ a 0566 average
I’ve laid in the weeds doing nothing for a long time. Today was the first time adding in a while….someone clearly threw in the towel at 0006
If it was 2018-2021 a brotha would’ve eaten 50+ at this pps
People are free to behave however….but the fact of the matter is that BERI is about to have an unprecedented amount of revs on the books. He’s already putting up numbers but it’s on the verge of getting silly. Not projected revs….tangible disclosed revs. And who knows what’s possible 2-3 quarters from now
So unprecedented revs means unprecedented leadership which means I get why people are gambling on progress elsewhere.
BUT yea sure it’s hard to beat the oil sector right now…not saying 100+ mil a year is going to happen like we’ll absolutely see here. But then again no one is doing numbers like that.
I just picture people being able to hold more stocks than 1….fat dilutive pigs that require social media excitement in order to move…that’s a lotto.
Speculating that the other one will eventually pay people is pretty reasonable. That’s all I was trying to say. Jmo
“Deserves”?
How do you even have the capacity to root against people in a tough market like this. In so many ways it’s good for you or anyone else when strangers win.
Plus there’s nothing wrong with being early. You’re saying it’s volume related to twitter it might be volume due to people realizing that the same ceo leads both companies. They both have nice SS’ and he’s clearly demonstrated an ability to get revs on his books while making use of his Rolodex.
In terms of risk/reward….liking hi*c isn’t exactly a wild idea
You might wind up looking smarter than most everyone lol.
You took the L but waited 30+ days to return means you can claim the L come tax time....but you circled back
If you see a good trade that’s two birds one stone
You’re right lol. The OTC is always crazy but I guess there has been a lot more crazy recently…you see stocks with mergers priced more cheaply than when they were vacant vehicles. And I see less of them now but 2-3 months ago I was seeing market caps that were lower than annual revs lol.
I kinda think people over complicate their trading. When you find something that isn’t diluting that’s about to start reporting revs and growth…it’s not a bad idea to kick back and let it build.
If you’re an intensely skeptical/conservative person you can at least bet on the floor rising while getting firmer
Almost not worth acknowledging when this IS gonna get back to walking and turning up...and it may very well see green today
But people that trade the way we’ve seen here are crazy lol....had a week and a half to peel 006+ and solid strength higher than that...if you wanted to free up money
Holy sht. So in my mind I was over here remembering “form 4s” but it was never form 4s? It was letter after letter saying he was doing that
Excuse me. I was just replying to you saying he didn’t buy in the open market and clearly I operated as though he did. I’m in a habit of thinking of disclosures as being “legally binding” but I guess I’m not used to someone being that ballsy
Yea this is next level....I’ll shut up
He did report them....over and over and over and over he disclosed form 4’s showing open market buys.
And if he held those and went underwater that might be his saving grace.
The hustle stopped making sense when the float kept growing. We should’ve been in a frozen state as negotiations took place but I witnessed the float grow 3-4 different times before I hit the road. It’s funny thinking back in my mind how much I didn’t like the sight of a 146 mil float turning into 152....considering this is a straight up bloated pig now. But the size of the growth wasnt the point
The point was that they were allegedly negotiating trying to close a deal, yet they kept diluting and selling into the buying interest. I wasn’t necessarily thinking “scam” I was thinking “huge dumb ass”....obviously if you were trying to close you would protect this vehicle and keep everything unchanged.
But obviously it wasn’t real.
I have no idea what story JG’s actions tell a person but in the broadest sense if you were speculating based off of what you saw disclosed (like me)....you saw an unusual amount of open market buying.
It seemed like he wanted to own a lot of PASO...which made a person think they were going to close a deal
But that was 1st qtr 2020 to early fall 2020.....this was a different looking piece after a certain point
He clearly is. He’s already communicated more than a person would’ve expected but hey that’s wonderful as far as I’m concerned
Boom there’s the change of control. So we can put IFXY in the column of “LOI’s that turned into a definitive agreement”
Goodnight
Yea. In short yes. You have a good night as well :)
I couldn’t have really worded that any better...definitely aligns with where my head is at
Whether they’re thinking about it or not I like it unfolding like this.....kinda allows it to churn before we see an update.
Definitely not. It was obvious that he was taking his time for a reason. Was almost impossible to picture a fumble
There we go!
Right there is a big enough catalyst to drive this thing. Now we sit back and see what they mean by more acquisitions. Feet up
And Jose followed right up. Nice to see everyone in sync
No one is more excited than me $IFXY shareholders" https://t.co/L8rjlCJWpM
— Jose Pineda (@jpineda100) July 29, 2022
Damn....I went a good 6 months without thinking about this sad experience. Stinks to bring my head space back to ol PASO.
The woulda/coulda/shoulda situation was pretty real for me...I tip toe’d away for my own reasons while picturing Bruce being all kinds of greasy. JG kinda surprises me. I never corresponded with him but it does surprise me
Even typing those words..”JG” lol
Shout out to that time period it seemed like we had this mf’er on the ropes
008s up? You all weren’t kidding about this having an ability to clean up
.0039....from that 0024-0025 area that day. Continue on please thanks
Appears as though it’s cleaned up
Also I’m mainly reacting to you not Glen....he’s not “trashing” the stock...the guy has been a patient supporter honestly. I’m actually not knocking his actions one bit
Hope he moves along and sees gains elsewhere
Silliest statement ever. It’s ok but it’s def silly to think much less say.
If people get to the point of wanting the market to feel their frustration that’s too much emotion in a business act. Taking L’s hard certainly costs people significant money....when the other option is to tip toe and scale without beating a share price up.
If that doesn’t make sense then I can’t help ya lol
Big picture it’s not a big deal but it’s funny to applaud people being emotional
On page 9 in the recent annual.
https://www.otcmarkets.com/otcapi/company/financial-report/327894/content
And yes I added up his direct investments separately. I’m not paying attention to his older investments I just looked at stuff from like December 2020-April 2021.
Ps. Ihub won’t let me drop a screen shot here
Not meaning to run my mouth here too much I’m not even a shareholder. Mainly just saying it blew my mind to see that JM redeployed 1.5+ million here and that’s 1.5+ million dollars that is basically trapped
It’s definitely a shit show of epic proportions…. I hadn’t looked at the filings until today but 1 detail stands out to me pretty blatantly. Obviously the BFCH market loves putting spot lights on individual names in the disclosure and everyone credits JM with the slaughter.
He circled back around and put over 1.5 dollars in this thing. That’s 1.5+ mil that he hasn’t converted or sold. That rrrreally surprised me.
Just saying everyone is pissed and disappointed and you pretty much act like the funders just scammed everyone and used this stock … but if he was purely using it like a paper printing toy he wouldn’t have reinvested proceeds back in to bitfrontier. Don’t get me wrong it was probably house money cause I assume he made a pile 1st quarter 2021. But 1.5 mil = 1.5 mil that’s hard to disregard.
So whatever Spencer’s issues are it’s not just open market shareholders that are upset his funder is as well. He was already trying to get into the hall of fame for shittiest CEO’s just due to laziness. He was so complacent you have to conclude that he has 1 of 2 different personal issues of not both. BUT the recent stuff you uncovered is just shocking. Shameless isn’t even the word
Good eye. Making note
No reason to think it wouldn’t. Jmo
WNRS is tightly channeled ..I’ve grown to love set ups like this
NICE!!!
I was thinking a month-month and a 1/2 but watch it be sooner. I’m not personally in a hurry but still. Watch it be sooner
That’s a real thought right there. Everything you said is the key plus I’m sure that you saw in the 10k that NIHK has skin in some of his other projects.
So there’s a lot of different avenues that leads to higher prices here. Realistically