Ifinix Corporation (INIX)

[forgreen]

They have nothing to lose now by doing so. They could have released all of this information a long time ago, but chose to withhold it all while they were diluting the OS in excess of 10B shares. If they had released this information while they were still diluting the stock may have tanked even faster than it did.

In other words, they didn't want shareholders to sell and compete for the exit door while the buyers of their shares were selling theirs for a significant profit. It is more than likely the buyers of those billions of shares that dumped them on to the market demanded that INXR NOT release the financials until they were done selling.

Whether people like that the financials got released or not does not change the fact they withheld the negative financial and share count numbers WHEN it benefitted them. By the time they had been released they had gotten what they wanted out of shareholders and had nothing to lose by finally releasing. Any intelligent person can see their financial status is terrible and they have no chance of turning a profit for years even if they succeed.

For this company to generate $10M in revenues that would retire their debts, stem their losses and afford a profit margin requires an absurdly optimistic outlook. So if it makes anyone happy they released the financials, good for you. But the facts contained within them are a disaster.