Ifinix Corporation (INIX)

[forgreen]

They have not shown they can grow into a profitable company. Saying they intend to be profitable means what?

When the company finally released financials last year after promising them for 2 quarters it showed:

they carried a deficit of millions of dollars

had little offsetting revenue

Furthermore, the public documents they made available last year showed Budhu gets a straight percentage of any revenues that come in before they even accrue to the company's own balance sheet.

In other words, with them being millions of dollars in the hole, having little to no revenues and giving away the profit margin to the owner of this shell if they ever did make money, there is no rational case to be made for this ever being a profitable company now or years from now.