Ifinix Corporation (INIX)

[Bernanke_nomics]

A post with a link was posted yesterday
with the call. Post #120013
Thanks Hammack

Here is what I heard:

Realtime and trader will most likely be combined as 1 platform.
Realtime cost 20K a month while only bringing in 1K a month.
Trader will be later than expected due to Realtime not bringing in revenues enough to assist with the costs of Trader.
Efinix by end of year.

Futures: company has 100's of clients around the world.
Working on the systems and managed trading portion.
Need to hire sales persons.
Forex: Launched website.
slow down past couple of years but still see fair amount of revenue available.
Again, working on the systems and managed accts. These accounts bring in more revenue vs self trading accts.
Capital: week or two.
Working on building up share price, addressing the shorting issues with attorneys contact FINRA....
Working on building the company..............
Economy may effect the company...............

START of QUESTIONS:

Someone asked about the company selling shares in open market,
A. not in over 1 year

Some one asked about ramping up products/ time frame
A. Working on the systems trading and managed accts. these accts bring in more revenue. Might not build as quickly as 1-2 accts a day like other accts. 3 to 6 months.

Someone asked about break even/profit
A. Depends on other divisions, in 3-6 months should see significant revenue /profit.

Someone asked about the company/directors boosting the share price/go after the shorts/buy back program.
A. Nothing can be mentioned at this time directly.(directors)

Someone asked when the 2nd Q will be out
A. Aug 15th

Someone asked about establishing credibility with the products /systems used/encourage people to use the systems
A. Takes about 6 mos for calculating different systems, the company is testing some "inhouse" systems. Most CTA's have audited track recordsCompany receives a couple of requests a month for the system trading and managed accts. company is now in a position to offer these other products. More profitable vs selftrading.

Someone asked when the shareholders meeting would take place
A. is in finalizing, will be announced.

Someone asked how many sale persons the company may need to hire.
A. Need to find "good" people,can hire numerous people, Payed on commission - so low over head.

Someone questioned Network 1 /not being helpful
A. The CEO assured they are working to bring in high dollar investors. Less interest as the stock has been trading at the low prices. Will work to get stock price up /improve company.

Someone asked about a Revers Split.
A. No reverse split!

Someone asked about the shares being used for services/open or restricted.
A. Most shares used for services are restricted.
Some older shares that werent issued but due are in negotiations vs in court. Negotiations on how shares can be delivered to the market. The CEO seemed to want to limit a giant sell off.. These shares from past management deals.

Someone asked the number of these shares.
A. 20 to 30 million

Someone asked about the current cash position .
A. Ok for a while

Someone asked about the transparency on the pinksheets
A. Current since Monday.

Someone asked about "inhouse" products
A. important product being worked on is the DATA FEED. Expensive,. takes time, working on it.

There was another question/comment I found hard to hear/understand - not important.



I liked the fact it was short and sweet as most "damage control" calls are.
I wasnt impressed with the questioning.
The only thing I found interesting was the "20-30 million shares previously due yet to be issued" Thats a new one.
I would have liked to have heard some info on the Debt forgiveness, the outlook of the current economy effect on the "new divisions" , How much was spent on the "newest update for realtime" and if there were any fears about the numbers of subs when the company began to work on it, The 4-5 months of churn for "realtime", What kind of private deals were secured for the Beckman acquisition. Theres more but Im tired of typing.

lz..... You wouldnt happen to know an "MP1973" would you?

SO, is todays rise in PPS a "charting effect" or "damage control effect"?

How long will "Today" last?

When does the "flipp'n" start... oops it already did. (smart move)

Fair value with 1 million in rev is .0038

Warrants right around the corner.