Ifinix Corporation (INIX)

[XQZME]

INIX [iFinix Corporation] Due Diligence (revised)--

The following information is provided for potential investors of INIX. It is strictly my opinion and it is not meant to serve as investment advice. Please do your own due diligence.

iFinix Corporation has established itself as a transparent and viable company. Following a very unpopular reverse split decision several years ago by the former Chairman, (now deceased), the stock price crashed. However, since June 2008 the current Chairman, Doug Spadaro, and CEO, Ben Munroe, have worked diligently and honestly (although not always successfully) to bring the company back. It has been a rough roller coaster ride for the long-time holders of INIX.

After accomplishing almost all of its 2009 business goals, which included the acquisition of ProActive Futures (the major revenue source at this time), the filing of its Form 15c-211 and holding its first shareholders meeting, iFinix Corporation faced numerous setbacks in 2010.

First, the company’s much ballyhooed trading platform launch, “RealTime”, was delayed several months due to issues with the Data Center. Trying to launch over the Christmas holiday proved problematic as the personnel there did not enthusiastically attempt to resolve coding and Exchange feed issues. This resulted in a piecemeal launch of the product in January 2010. Since it initially lacked the pinksheets Level 2 information, it was not well received. Additionally, Data Center fees were $20,000 per month and subscriptions for the product were low. Some believe the economy played a part in the low subscriptions combined with the launch issues. As a result, iFinix was losing substantial money on this product. iFinix pulled the product after six months in order to cut losses.

Second, the company completed the acquisition of Beckman Holdings. This acquisition resulted in iFinix establishing iFinix Forex subdivision however the acquisition took longer than expected and required the issuance of more restricted shares than it had anticipated. It remains to be seen how well iFinix Forex will impact revenues of iFinix Corporation although it appears to be picking up.

Third, the company established another subdivision, iFinix Capital. Initially expect to be operational in July 2010, various issues delayed the launch until December 2010. iFinix is optimistic that iFinix Capital will be a significant revenue earner in the future, however, at this time that does not appear to be the case.

Lastly, iFinix Corporation initiated a forward split over the summer of 2010. Its stated goal was to reward shareholders by doubling their shares while at the same time increasing the authorized shares needed to continue operations. The decision appears to have been a mistake, although the company stopped short of admitting such during the recent conference call. The major issue with the forward split was it resulted in the stock, INIX, being exited from the DTCC. This required that all brokers trade with paper stock certificates which caused some such as TD Ameritrade to disallow its members from buying of INIX shares. iFinix has applied for entrance to the DTCC and approval is expected soon. Once INIX is back in the DTCC, it is anticipated the brokers will allow full trading of the stock again.

Looking back, 2010 was a very tough year for iFinix Corporation. However, 2011 appears to be off to an interesting start. The company raised its authorized shares to three billion shares in order to complete several acquisitions and mergers (as stated in recent PR).

During conference call held on March 31, Mr. Munroe stated that iFinix Futures’ revenue has increased 24% so far in 2011 which is ahead of its forecasted growth.
Recorded iFinix conference call of 03/31 with CEO Ben Munroe:

Playback #: [phone]
Playback Access Code: 413186445#


The company announced the acquisition and 51% ownership of OakBridge Management, Inc. on 4/8/2011. This acquisition resulted in the addition of $3 million to the books of iFinix. Revenue projections resulting from this acquisition have yet to be reported. Due to the acquisition, iFinix has filed a request to change the name of OakBridge Management to iFinix Management.

You can find the property on Google Earth surrounding 114-114 32 30 W, 35 31 15 N





On 4/12/2011 iFinix Corp announced:
Quote:
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iFinix has filed the Mohave Mine Technical Report, which is NI 43-101 compliant. This is an in-depth document which details and validates the asset value of the Mohave Mine.

https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=47737 (View Acquisition details and NI 43-101 Technical Report)

CEO Benhope Munroe stated, "I am truly excited about this acquisition. We will be changing the name of OakBridge to iFinix Management Inc. which is headquartered in Florham Park, NJ. We are currently conducting due diligence on several potential acquisitions. If we are able to complete one or more of these acquisitions of the targeted companies, each one would cause a significant increase in our asset value. In addition to building shareholder value, there are many ancillary benefits to increasing our asset value, including, but not limited to, attaining eligibility to move up to a more senior exchange.

"I would like to take this opportunity to thank our loyal shareholders for their continuous support. The iFinix management continues to be dedicated to achieve success in all of the company's subsidiaries."

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** Page 113 of the NI 43-101 provides annual estimated revenue from the mine once mining operations begin. With its 11% ownership of the Mohave Mine, iFinix Management stands to receive approximately $1.2 million+ annually once revenue starts coming in.


On 4/15/2011 the company announced:
Quote:
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iFinix has recently acquired majority control of Oakbridge Management, Inc. Oakbridge has a 20% joint venture participation in the Mohave Mine, located in northwestern Arizona.

The Mohave Mine is managed by a subsidiary of the Tesoro Gold Company. Tesoro owns gold properties, with both vein and bulk tonnage exploration targets, in the western United States. The Mohave Mine has a proven ore reserve, in addition to multiple exploration targets.

Tesoro will be providing the joint venture participants with updates as to the development of the mine. This arrangement provides iFinix with the opportunity to participate in an exciting mineral resources project while maintaining primary focus on its core business lines.

iFinix Corporation has filed for a name change with the New York Secretary of State to change Oakbridge Management, Inc. to iFinix Management, Inc. The company is now headquartered at 255 Executive Drive, Plainview, NY 11803.

CEO Benhope Munroe commented, "We are fortunate to have a company with the experience of Tesoro Gold as the manager of the Mohave Mine Project. This allows the management of iFinix to maintain its focus on developing and growing its wholly owned subsidiaries, which are all still intact.
iFinix Capital is in the process of recruiting representatives and building its client base. iFinix Futures and Forex is currently increasing market share and is also enjoying an increase in revenues.
iFinix Software is in negotiations with a software development company to partner in the development and marketing of iFinix RealTime, and also assist in the continued development of eFinix which we hope to launch by the end of the year."

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After falling to an all-time low of .0001, the stock reached .0014 on 4/8/2011. INIX closed even at .0007 on 4/15/2011 after reaching .0009.

Current share structure as of 4/8/2011:
AS: 3,000,000,000
OS: 1,100,257,274
Float: 770,000,000

In my opinion, with the current new interest in INIX and based on the way this stock has traded in the past, the short-term target will be .002 - .005 by the end of May 2011. I believe the long-term target to be .03 - .06 by the end of Q1 2012. Again, this is my opinion only.