posted
here is a post i found on another board, right now just watching, big big volume today:
IFQJ .0013 Read Below!
Posted by: eztradin In reply to: None Date:10/10/2006 7:15:15 PM Post #of 15
Nibbling while it is quiet.
Management of Infinity Acquisition Corp. Reduces Its Issued and Outstanding Shares by 180,000,000 Shares Insiders Convert Stock to Coincide With Management's Long-Term Growth and Profitability Plan Manny Shulman, President of Infinity Acquisition Corp., Inc. (PINKSHEETS: IFQJ) announced today that he and other key shareholders will be converting their common stock in the company to preferred shares. The company hopes this conversion will calm the equity markets by displaying a long-term commitment and investment by the management team. The long-term planning, growth, execution and increase in shareholder value of the company now runs parallel with the stock position in the marketplace. "This move solidifies my personal commitment and the commitment of several other large shareholders to the long-term growth and future of Infinity. This move creates accountability and ensures the stability and dedication of the management team," stated Shulman.
Currently, Infinity Acquisition Corporation has 304,762,186 shares issued and outstanding. Shulman and his group will be converting 165,693,600 shares from common stock to preferred stock and canceling an additional 15,484,000 common shares. This will leave 123,584,586 shares issued and outstanding.
Decent DD page...don't think I could do much better:
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Thanks, Superman. This stock will fly because the MMs are loaded, they brought it down to 0.0002 a few days ago, one MM got 4 M shares, and gave me only 450 K, then they raised the pps to 0.0008 later. So this will be a big game for next week. I also noticed that they played with IMAG last week, they took the pps down to 0.0004 and raised it to 0.03 a few days later. This is a pure gamble, one should only get in nd get out, never hold it.
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there is 1 mm left on the ask and then its .018!!! .018 thats like 10 times higher then what its at right now...this one will be HUGE with volume
-------------------- please dont trade stocks on my alerts, do your dd first.
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