"I believe it will reach-
a dime in 3-5 years. The question is how many R/S's will it take."
Isnt that a shame though...? One thing I wonder, When this company will learn? They seem to want to pacify the investors more than making sure their corporate actions will ensure progression of the business.(atleast make it look that way)
Action: Reducing authorized shares. On february 5th the company announced that the B.O.D. had directed the Secretary of State of Nevada to amended the capital structure of iFinix Corp., reducing the number of Authorized Common Shares from 400,000,000 to 288,000,000 and retiring all 1,000,000 Shares of its Common B.
Result: PPS continued to decline as shares were continously used to maintain the companys cash position. (this was a known)
What would support the reduction of shares though? Realtime was but 19 days on the market.(released Feb.24th) Now, as of September 1st, The company announces an increase in authorized shares VIA a stock dividend reward to shareholders. Maybe the 400 million shares would have sufficed?????? hmmmmmmmm Whats 176m more shares? it's a pink stock, INVESTORS EXPECT high dilution..... What happened to all the "cash" from the "warrants"?
Action: Energy/funds spent on Realtime. June 24th: the iFinix RealTime upgrade is currently in the final stages of internal and external beta testing.
Result: Realtime suspended July 9th: iFinix has also completed an extensive cost-benefit analysis of its RealTime product. Current subscription revenues are not covering the operational costs and thus dictate the suspension of the product for the near-term.
How much was spent on the analysis and the upgrade? (Id think much of the expense was internal)
How long was the "red flag" up? Wisely, the company did not take 8-12 months to suspend the loss on RT. Im thinking early on, there had to have been some kind of suspicion that the product was not going to provide the kind of revenues once estimated.
Conclusion: Reducing the A/S shares did not maintain the PPS as one would have hoped. Continued spending on Realtime up to 2 weeks prior its suspension lead to wasted energy/funds. Higher dilutive state as SGA grows faster than revenues.
New Questions: Realtime and Trader, what kind of funds are being used today to further their growth?
Why have the investors not received an update on the "Capital" division that, per the CC, an update seems past due?
Dank, now working for Network 1 financial (NTFL)
Isnt he the "pro active" guy.. Hmmmmmm....
A dime in 3-5 yrs.... take a look at (QMCI) for a comparison business on what the company was using a large portion of shares and betting on being successful in - Good thing they had the "other" subsidiaries.
(QMCI provides the quote system for OTCBB. as well a private and professional investor suite of products)
10 cents for (INIX) 3 to 5 huh... ?
Hmmmmm.
AI
