Ifinix Corporation (INIX)

[Bernanke_nomics]

illegal shorting which seems to be the case for INIX:



Then, what is this previous post explaining?

Dec 2009
I called our MM, Network 1 Financial Securities, and had a discussion about how institutional buying might change after the exclusion period expires and how the stock is traded in general.
First, I was told that the exclusion period expires 20 business days , not calendar days, after the FINRA approval. In this case, that would mean the exclusion period will end on Dec 30.
Second, he told me the days of MMs buying large inventories of penny stocks are long gone. MMs are prohibited under new SEC rules from shorting a pinksheet stock. He said that although investors always try and lay the blame at the feet of the Market Maker, and in this case we mentioned NITE, he said that in reality it is almost all due to retail trading - someone sells and someone buys. He said there is no MM conspiracy to screw investors. He told me that most likely MMs will not load up on a stock thats trading at these levels. He said that it is crazy for a brokerage firm to try and make a profit buying at .02 and selling at .023 i.e. flipping.
He went on to say that as the company [iFinix] executes its business plan, the stock will go up. Once RealTime is on the market, the stock price will go up. He feels confident that will happen.

Hey, you can always get your certs on paper---
or, buy on the dips, hold, take them naked and dont sell till they are willing to pay. Only thing is if there are old restricted shares hitting the market then you have more buying to do and longer to wait. Might as well try to lock it up while waiting for the company to bring in some strong revenue....

SURE!