Ifinix Corporation (INIX)

[XQZME]

My opinion of Ben doesn't really matter. I bought more shares of INIX last week and I see other long-time owners bought significant numbers of shares today.

The financials stated that the company issued a lot of Rule 504 shares to Fairhills Capital for cash. iFinix was transparent in releasing that information publicly. The fact that the company filed a series of updated reports last week, tells me that iFinix is doing its best to remain transparent.

Although I am not thrilled with the current share price, I am very pleased with the 75% increase in revenue compared to Q1 2010. There are not many pinksheet companies that can show $161K in revenue over a quarter and have an actual viable source of revenue such as iFinix Futures.

The acquisition of Oakbridge occurred on March 16th and it is possible that its taking a while to get all of the accounting data in order. If so, then the Q2 financials should reflect the $3million assets.

The stock was at .0002 a month or so ago and then it rallied up to .0012 so I am believing that will happen again. Once the DTCC issue is resolved and the company can file updated financials reflecting the mine assets, I believe the stock will rally.

For now, I, like others, will continue to buy at these cellar prices. With 75% increase in revenue, I do not believe the company is in danger of going under.