News Focus
News Focus
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~ Blue ~

06/07/17 12:30 PM

#13629 RE: jamesnames #13627

IFON big news out!!


Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.



On June 6, 2017, InfoSonics Corporation (the "Company") received a letter from the Nasdaq Office of General Counsel advising the Company of the decision of the Nasdaq Hearings Panel (the “Panel”) after the Company’s oral presentation to the Panel at a hearing held on June 1, 2017. On May 2, 2017, the Company had been notified of its failure to regain compliance with the $1.00 per share minimum bid price requirement of Nasdaq Listing Rule 5550(a)(2) following the expiration of two 180-day periods in which to regain compliance previously provided by Nasdaq. The Company presented a plan to the Panel to regain compliance with the minimum bid price requirement and requested a further extension of time to execute the plan, which includes a reverse stock split. The Panel granted the Company’s extension of time until October 30, 2017.
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cjf913913

06/07/17 1:06 PM

#13630 RE: jamesnames #13627

The fact that it was down on news of this big "plan", says a lot, huh? Mr. Market is tired of hearing lame-o and blame-o tell of how things are looking good, only to get let down EVERY quarter with bad numbers, and worsening margins.

This journey of a thousand miles has now become a decades-long trek of over 10,000 miles, because they have their 50's DeSoto stuck in reverse with two feet on the gas pedal. What a clown show.

Their great business acumen brought the share price to under $1.00 well over a year ago, and now their BIG NEWS is that they're going to reverse split their way out of this deep hole?

What not a plan to GROW their business? Why no plans for ANYTHING else?

How are longs who bought over $1.00 in April POSSIBLY in the drivers seat now???

I've been buying for almost 18 months, starting at @ $1.50, and do not feel like I am in control here.

Crazy Uncle Joe, and Deputiy LoForti are behind the wheel and it looks like they're sure to crash this thing with their big plan........a reverse split!!!!!

Anyone waiting for a Dumb and Dumber sequel just got their wish.

Can hardly wait until they report in August, so we can hear about how global warming interfered with getting cloud-based software off the ground, and hence, more losses, and margins near 0%.

Those two bumbling clowns are OTC-worthy.
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~ Blue ~

06/08/17 11:00 AM

#13641 RE: jamesnames #13627

.53 bottom price adding here!!