Ifinix Corporation (INIX)

[trunovice]

The DTC issue is preventing people from "selling" as well as buying. May be the only thing keeping this at .0004 instead of .0001. I have Zecco and found out this info yesterday.

Now that the financials are out. You will notice no mention of assets of $3mm. People have tried to tell you that there would be no assets of $3mm because the $3mm mentioned in the purchase was expected revenue's from gold that does not exist to date.

This is something of note taken directly from the financials:

Going Concern - The accompanying financial statements have been prepared in conformity with accounting principles
generally accepted in the United States of America, which contemplate continuation of the Company as a going concern.
The Company's fmancial statements are prepared using generally accepted accounting principles in the United States of
America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal
course of business. The Company has a net loss of $449, 126 and net cash used in operations of$417,248 in 2010 and an
accumulated deficit of$8,441,849 at December 31, 2010. The Company has not yet established an ongoing source of
revenues sufficient to cover its operating costs and allow it to continue as a going concern. The ability of the Company to
continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it
becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations.
In order to continue as a going concern, the Company will need, among other things, additional capital resources.
Management's plan is to obtain such resources for the Company by obtaining capital from management and significant
shareholders sufficient to meet its minimal operating expenses and seeking equity and/or debt fmancing. However
management cannot provide any assurances that the Company will be successful in accomplishing any of its plans.
The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans
described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The
accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to
continue as a going concern.
These conditions raise substantial doubt about the Company's ability to continue as a going concern. These consolidated
financial statements do not include any adjustments to reflect the possible future effect on the recoverability and classification
of assets or the amounts and classifications of liabilities that may result from the outcome of these uncertainties.

If I understand this correctly, this company is over $8mm in the hole and $3mm isn't gonna make it profitable.