Ifinix Corporation (INIX)

[XQZME]

I think the company needs to keep working to increase revenue through Futures (which seems to be doing better each quarter) and get the debt paid off. RealTime is anathema to most INIX investors and should stay dormant until the company no longer has the need to dilute the crap out of the stock.

INIX investors have been buying up all the shares they can, however, at the rate Ben is issuing Rule 504 shares for cash, it will take a while for retail investors to take them off the street. All of the current INIX shareholders would need to buy an additional two million shares each to make that happen. At least now we know where all the shares came from.

If the $3 million in assets from the mine are not shown in the Q2 fins, I will raise holy hell! To quote the PR:

iFinix has acquired a 51% controlling interest in Oakbridge Management, Inc., a New York-based private investment firm for 250 million restricted shares. As a result, iFinix' Balance Sheet now reflects additional assets of approximately 3 million dollars. This represents exponential growth in the company's asset value; which in turn, should allow the company to obtain future financing and move aggressively towards completion of its 2011 business goals.