Lets examine those points then:
Final refinements:
Progress and closure; getting closer, we might start seeing the word imminent followed by TV ads and product release and our first chance to run our own test trials.
Yeah, so what about it? Turns out the "coming soon" in their banner ads strung you all out another few months until their release in the Summer.
with the addition of features requested by trader test groups:
Oh? What groups were those? Never heard about that again? Seems even the trader test groups couldn't come up with the necessary bug reports three months in advance of release to deliver "rock solid" data after all.
Very good, they are seeking to fill the needs the market wants and that people like us will need and use.
So we thought. Instead they gave us a bare bone L2 & TS module lacking the many promised features
including platform chat messaging hub for interaction between active iFinix platform users and the implementation of Level 2 record and playback function.
Cool. So where is that chat messaging feature Bijan? Where is that rad L2 record and playback function Bijan? Thanks for reminding us of their familiar failure to deliver on their promises.
Outstanding. Integrating chat and messaging functions into their data and trading platforms is really smart. You can imagine all of the trading groups working and trading together that way.
Woulda, coulda, shoulda. They had an audience that would have jumped all over that and didn't act on it. Too bad.
and Level 2 record and playback? That's fantastic! I love that. No one else has that. That is a difference maker or killer app feature. Looking forward to that.
Still looking forward to it.
Marketing: Television advertisements have gone into production with a leading computer animation studio
So it was. Something they promised actually happened. Took months, but it did happen.
This is getting good. Hey maybe we get a Pixar commercial. Whatever the production studio is, it sounds like we are going to get juicy looking TV ads. Never forget what these stocks can do when the TV ads start airing.
The "leading" animation studio was in India. It wasn't half bad. Didn't do much though in terms of attracting subscribers it seems and nothing for the stock.
to result in first iterations for review by iFinix management this week.
Storyboards probably. Took them much longer than that as everyone knows.
Do we see the TV ads in the near future? Sounds like they are moving ahead on schedule with their stated branding and advertising goals.
They promoted it that way and then kept everyone waiting until the Summer release which was months late.
Additional internet sites will host advertising banner ads starting this week.
We got EliteTrader to my knowledge. And we all know how that turned out.
There you go. The easter egg hunt for the next website advertising iFinix is back in gear.
Investor Relations: Blue chip firm to be announced by iFinix shortly as part of ongoing effort to support and inform shareholders.
Stern & Co. Can't say we've seen anything significant to result from that and that has been the opinion even from the most loyal shareholders on this board.
Good. It is about time. The previous contracts with places like InvestSource seemed to be provisional at best and marking time before they got true representatives. I think this is a very good sign because:
1. it means there will be a regularly available informed person for shareholders to contact and speak to.
While it lasted (are they even still on board?), but even then people were not too happy about their contacts with that staff.
2. they are planning ahead with higher quality representation
3. this is part of building brand if the new reps work with blue chip clients
Seemed like they were the start of something better. Didn't turn out that way it now seems.
4. the rolodex of the new firm and marketing channels for the stock increase and this can bring in additional new shareholders as the stock rises.
Doesn't seem to have worked out that way either.
Company actively resolving investor inquiry backlog and establishing protocols for timely response to future inquiries.
People to this day still complain about getting no response to their emails so I don't know what got resolved.
I think we've begun to see that with more reportts of emails returned and phone calls from management to shareholders. They probably were not prepared for the level of interest and have begun to take steps to make sure all shareholder relations are properly handled.
Would have seemed so, but can't say that was successful across the board.
Corporate: Commencement of search for additional managerial talent as company plans for increased workload and market expansion.
Took them half a year to add a young kid with little to no corporate background as their CFO.
That is another good sign of preparations for release and ramp up.
Company financials are in active preparation.
No comment.
Good. They are aware this matters and that people need to realize that while it takes some time they are taking care of it.
They had all the time in the world and still took over another half a year to do this.
Partnerships: Company is in ongoing partnership discussions with interested parties seeking to mutually expand client bases.
Nothing has resulted of this yet. The seminar guys are a long ways off evidently. Zero thus far.
This would be indicative of other parties behind the scenes having an active interest in what the company has developed and their impending market introductions. If so, then we're perhaps looking at a greater amount of leverage for market growth sooner than we might have anticipated. They have already mentioned their close relationship to CMA which has major markets in Latin America. That could be a very strong reciprocal market sharing arrangement possibility. Positive statement in sum.
Indicative or implied by the company? Nothing has resulted thus far? No word about CMA? What happened there?
iFinix has met with multiple brokerage houses in February and March and has submitted term sheets with contract negotiations pending.
Right. And the result is nothing more than a claimed Letter of Intent to do business with one. We're still waiting.
This is big. If they can produce proof of a brokerage agreement sometime soon, then this company and the stock is going to rock IMO. I sense some people are getting their weeeeeees lined up in row in the event we get any such announcement. I'm glad they have mentioned this now. If they have tendered their terms and they are settled and agreed upon soon then we may be sitting on a powder keg now.
The big IF that resulted in yet more nothing. Woulda been nice, but nothing doing.
All in all, a very strong, clean and direct update. Just what the doctor ordered.
Yes, strongly worded, yet it resulted in very little.
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DISCLAIMER: These are my opinions only. Do your due diligence before making any investment decisions. I buy my shares like everyone else. I accept no form of compensation.
That is for sure.
Thanks Bijan.
AI
