Ace, no I don’t think that DF has lied to me…
Has he issued shares – absolutely, how can he possibly remove debt without diluting? Had he not settled the debt it would be costing more in the long run by the time you add interest that would have ben accrued. I also think that a lot of these shares that are been sold now are the result of old debt clearance and not necessarily new debt and 45M shares sold today is only $4500 so it’s not a massive amount…
Before he took over this company was leaking money and lots of it – now he’s pretty much turned it round and with recent acquisitions, we’ll be generating $30M or thereabouts per year.
There’s still things to be done and only time will tell whether the $5M debt will be settled by the end of April s he said to me a couple of weeks ago; after that there seems to be one hostile action outstanding (according to DF) but he didn’t seem concerned by it – the worst they could do is to force bankruptcy on IFCR but they will get nothing from it – the best that this third party is to agree some kind of settlement, at least that way they can walk away with something…
Let’s also remember that DF and HH have more to lose than any of us – they haven’t taken a salary for several years and have been remunerated with shares which if IFCR crashes are worth ZERO – seems to me like they’ve got more to lose financially than anyone else plus DF could lose a lot in terms of reputation.
What I do think is that there are a lot of people out there who don’t want IFCR to move up because it serves their interests to flip or short; I don’t know of you’re one of them or not but GLTY anyway.
I do thin this will rise when everything is in place – DF seems to have a good reputation as does the new CFO – why would they waste their time, effort and money in a lost cause?
Nope, for me he’s the real deal and we will rise and I believe it will be soon…
Per Ardua Ad Astra
