I'm no expert on market makers, but every time I loaded up, say, like trying to buy a block of 10,000 shares at 43 cents, if I got the 43 they always threw in a 42 or lower at the end for a small amount of meaningless shares. Every time someone wants to buy they really drive the price up, but whatever they get it for is usually more than the ending price of that 30 second exchange, so it appears that someone, or a group of people, doesn't want to attract attention here by having a higher price.
I sense the overall market at a huge tipping point, as most real companies that survive on people actually getting out of the house (retail, etc.) are quietly getting destroyed behind the scenes of this all-time high. A company like IFON, with no net debt, a nice cushion of cash, and the ability to shift sales to many parts of the world, is in a good position to withstand any carnage that may come.
They had two patent disputes that were thrown out recently, and that is why they exited the US market, stating that that the costs to defend were too high, so those expenses are gone forever. If they ever want to get back into the United States and sell, they already know what to expect. Or, they can also license their phones.
I expect a nice relief rally no matter, with a stronger rally coming with any good news. There are actually people elsewhere who have suggested that IFON is nearing the end. Haha. That is the biggest LOL I have seen, but that is what happens if you buy high at multiple dollars and then slowly see your stock drop to under 50 cents. Stock prices are an amazing thing, but reality can change in a hurry.
Just two days ago Tom Brady was throwing up a huge dud and the Patriots were getting embarrassed. Then, with 8 minutes left Atlanta fumbled, and now Tom Brady is the greatest of all-time and Bill Belichick is a genius, when in reality Tom Brady lucked into it (he still had to finish it off, which he did), while his coach had an awful game plan with terrible play calls. Now the offensive coordinator of Atlanta is a fool, while nobody remembers New England's terrible offensive coordinators game plan.
Trump was about to be made a laughingstock. I'm sure newspapers had the headlines ready calling him "The biggest loser". And people were saying that the Republican party would never recover, and that they would lose all of the other races across the country. Even on the day of the election, Trump's odds got higher and higher. You could bet him at 3.5-1 to start, and as the votes started to come in he went up to almost 10-1 the first hour. Everything flipped. So, if the whole world cannot figure out the election, even as the votes are coming in (networks didn't even realize it until it was already obvious Trump was a lock), then I am certain that a huge temporary disconnect about the value of IFON can be huge (Yuuuge). Think about it. Nobody is paying attention to this unless it moves big quickly, and nobody has the guts to really load up before then. Once people realize that things are headed in the right direction AND the price heads up, then the floodgates should open up quickly to multiple dollars per share, barring worldwide collapse over the next 60 days.
What I am saying is that once people realize what is going on here, the perception will change, will bring a higher stock price, and multiple dollars are possible within weeks, because the company has always had around 10-15 million of cash/working capital for many years, and has traded from 35 cents to over $4, all while continuing to build the brand.
Going higher no matter what.
AI
