Ifinix Corp. (OTC: INXR) is a diversified information technology services and solutions company. Our people combine expertise in systems integration, outsourcing, infrastructure, server technology and consulting with precision thinking and relentless execution to help clients. iFinix is a leading global provider of financial and business information to professionals and active individual investors. Building on a 20-year legacy of delivering time-sensitive financial information, Phoenix Provides streaming, real-time market data, news and analytics. The company's suite of products includes Phoenix Pro, the Phoenix Market Scanner, Phoenix Analyst and efinix. For more information, please visit http://www.ifinix.com INXR News:
Feb. 9 - iFinix to Target Retail Investor Market
iFinix Corporation (OTC: INXR) is pleased to announce that the development of the eFinix system is nearing completion and will be available to the public in the near future. The company (in conjunction with their marketing and advertising firm Ed Yeaker Associates) has determined that the forthcoming advertising campaign should channel all of its resources to launch the eFinix system into the homes and offices of the individual investor. This decision was based on the company's belief that, by drawing from its proprietary technology currently found in Phoenix Pro, the eFinix system will be superior to any other system available in the same price range. eFinix, a web-enabled tool, will maintain many of the robust features of Phoenix Pro, and provide complete market information, charting, technical analysis and level II market quotes to the investor at lower prices than the competition.
In the ensuing weeks the company will be conducting a survey of its shareholders in order to get suggestions from "the trenches" of enhancements and functions that the investor community would like to see added to the product suite. The logistics of this survey are currently being worked out. iFinix will post the results in a press release.
Chairman Dhruvnanand Budhu stated, "We are looking forward to the roll out of the eFinix product in order to fill the void left open by similarly priced products available to the individual investor. We believe this underserved market will be the primary source of significant revenue growth for our company over the next twelve months."
C.E.O Douglas Hugh Spadaro added, "We are particularly excited about the innovative ad campaign being crafted by the Ed Yeaker team and the belief that our best strategy is to target the retail investor marketplace. Additionally, we are designing a pre-launch promotional program to offer certain benefits to iFinix shareholders who subscribe to and/or refer subscribers to the eFinix product, the details of which will be made public shortly. Also, I would like to take this opportunity to thank our shareholders for their continued support, encouragement and suggestions."
Posts: 101 | Registered: Dec 2005
| IP: Logged |
Between a rock and a hard place does describe the situation, doesn't it?
I hope people caught my post earlier today explaining how a float gets resolved at the early stages like this. I realized I might be able to do it better as a list so here goes:
1. Stock trades heavily and rises out of gutter. Many flip out of it.
2. Stock that would normally go much further back on retrace does not and begins rebuilding steadily and with rising support for weeks as INXR has done.
3. During steps 1. & 2. above, some MMs sell short on the Ask or into the Bid.
4. During several small retraces and resets before resuming gradual uptrend, some shorts cover successfully. Some cannot or do not cover.
5. All sales sold short have artificially increased the float, at least for a period of time.
6. The double whammy then is:
(a) The short sales created selling pressure once, and
(b) Then those shorted shares held by retail traders get sold again when the trader exits their position,
thus incurring selling pressure TWICE from the single short sale.
7. Therefore the appearance of the stock trading as if there is plenty of shares available and the float is not tight may in fact be an illusion.
8. In fact, a shorted stock may have all of the available float bought up and it is the excess liquidity created by the shorting and then the selling back of those extra shares that churns the stock in a tight range for a time being.
9. This could go on indefinitely and hold back a stock EXCEPT when
(a) There is continued support and the float keeps going into strong hands regardless of the activity of traders using the excess liquidity of short sales to flip for their own gain, and
(b) That support by strong hands means the ability to bring down the stock loses power and short sales have little effect.
10. Then the ranges start tightening until the pressure builds like yesterday and it goes up on buying pressure
11. Traders exit and maybe some short sales too, but less likely for MMs to risk as much as before due to strong support means their ability to cover well below a new short position is not assured.
12. As the range tightens right on support levels the ability to do more round trips as a trade either by a retailer or MM becomes impossible.
13. Excess liquidity from shorting thus begins to be absorbed as accumulation continues and MMs compete for shares as seen in games between the spread.
14. Excess liquidity generated by shorting begins to disappear and the true float count as held in brokerage accounts is held by strong hands.
15. Only then is the float really locked down and the fake liquidity that people may wrongfully think is dilution is taken out of the mix. The stock may then start to trade up more naturally as there is less selling pressure with liquidity of any kind largely removed from the market.
This is why a shorted stock may appear to be diluting when in fact the churn during accumulation phase is bringing the float closer to reconciliation with its true share count.
I personally believe the float is actually locked up already and that we are wringing out the waste water from the towel before we move higher. This happens on a good stock that gets good shareholder support and I think we are further into this process than some may realize. We could move up significantly at any time.
And it can be done with suprisingly low volume during certain moves up during a longer uptrend because of this lack of liquidity. Why would a MM then keep shorting until they are much more certain the stock has really gone high up?
They may not ever cover lower if they trade it well much higher much, much later, even months later if they feel they can ultimately make plenty of money trading the stock that makes up for shorting losses from earlier. In the end, if they end up positive they just may not care if they have an outstanding short position until they fully reconcile at a profit trading in another higher price range.
Rationally, if they know they'll not cover again down this low, they may just cover at a loss and get it over with and then make the money back trading it higher. It is no biggie for them. They can play it many ways.
But the key thing to understand is that when shorting occurs earlier in a stock's life before a key breakout and sustained uptrend it may first solidify as it churns through the excess liquidity of early shorting and the float goes into strong hands.
This is why I say a literal observance of trading is often incapable of understanding these principles at work. I find it odd how sometimes chartists don't just look at the aggregate volume over a period of time and realize that if the company is not diluting then the float is probably solid as a rock and that the sellling pressure is actually a weeding out of and re-absorption of liquidity from shorts.
Therefore, I think the interest in the company's share structure is more than valid and we all look forward to the company getting the authorized figures declared and released to us all. When that gets done and everyone is satisfied there is no current dilution going on, I believe my conclusions may be more easily accepted. I totally understand this and merely wish to explicate the principles now so we can get affirmation later. I think we will probably be trading well above where we are soon regardless, but if all checks out from the company, INXR will be like a rock n' roll pinball machine shooting for a high score.
Posts: 101 | Registered: Dec 2005
| IP: Logged |
Someone posted that INXR was trading in an ascending triangle...with .0013 as resistance. Well we busted through and closed nicely above that mark, so another upward triangle/channel pattern is on tap. This is gettin' juicy!
Posts: 323 | Registered: May 2004
| IP: Logged |
iFinix Corporation Discusses Company Agenda for 2007 iFinix Corp. (PINKSHEETS: INXR) released today a comprehensive overview of iFinix's corporate strategy and goals for 2007. Chairman Drew Budhu commented, "As iFinix embarks on an accelerated entry into the financial marketplace with its comprehensive line of real time and trading platforms, the level of inquiry from prospective users of our products, shareholders and potential investors has increased dramatically. The following summary will prepare our clients for their future with iFinix and address shareholder concerns at this opportune turning point in our corporate history."
iFinix CEO Doug Spadaro stated, "iFinix's objectives are three-fold. We will deliver quality real time trading tools and execution platforms to the financial marketplace at a competitive price, effectively support our subscribers and eliminate any obstacles that limit achieving solid returns for our shareholders. We consider these objectives to be more than mere goals. They are our obligations to the consumers and shareholders who support us and whom we work for."
iFinix Financial Products
The iFinix product suite will initially consist of three products. After conducting extensive market research, the company will rebrand their product suite along the following lines:
iFinix RealTime is the desktop real time platform being prepared for release. The modular components offered include Streaming Quotes with unlimited ticker lists, Level 2, Time & Sales, Alerts, Charting, Streaming News, Financial Content and Market Research.
iFinix RealTime will also be upgraded soon after release to include stock screens and real time scanners with fully configurable market motion filters. iFinix will be including these added functions at no extra cost to provide a superior value and competitive product.
iFinix Trader will add trade execution functionality and account management features to the iFinix RealTime platform. iFinix Trader will integrate with partnered broker-dealers thus affording iFinix users high speed trade executions at a range of brokerages. iFinix Trader will be made available both to retail traders and professional organizations.
With iFinix RealTime rolling out first, iFinix Trader will go to market release as new brokerage partnerships are announced. Users will be able to trade and manage multiple iFinix-partner brokerage accounts aggregated within a single iFinix Trader environment. With the ability to hook into an assortment of high-speed direct access brokers, iFinix will continue to expand your trading choices as each new broker joins our network.
Efinix is a web enabled version of iFinix Trader that will run on desktops and on mobile devices. With Efinix, you will be able to track the markets, manage your portfolio and trade online using the same execution features as iFinix Trader. Efinix is in advanced stages of development and being prepared for release.
iFinix's business model is subscription based for iFinix RealTime and Efinix. Users that trade through a participating brokerage will receive iFinix Trader on a low or no cost basis. iFinix will receive a percentage of each commission fee from trades executed using iFinix Trader.
Due to the large range of brokerage services and tools investors employ, this diversified business model ensures iFinix products will be available in all contexts and the company will generate an income under all scenarios.
iFinix will offer various subscription pricing tiers for essential platform services plus add-on services and extra exchanges at a cost less than the basic and total package prices of other vendors with comparable offerings.
As market penetration of the iFinix platforms increase, communications protocols for other programmers will be made available to encourage the building of product add-ons. The company will partner with these developers and assist in the marketing of these value-added products.
All iFinix product is coded by iFinix. Earlier iFinix product demos are no longer active or to be considered representative of market-ready products soon to be released. Free product trial subscriptions will be offered when each product is released.
When iFinix RealTime is officially released, live technical support will be provided via chat messaging on the iFinix website and by email on weekdays from 8 a.m. - 6 a.m. EST. The company guarantees weekend support requests will be resolved by Monday market open.
Live support hours may be expanded later as the user base expands. Chairman Drew Budhu will go to India soon to review current development efforts and to finalize the training of tech support staff, initiate support tracking procedures and establish knowledge base protocols.
iFinix was founded by Drew Budhu, a specialist in distributed computing environments. Mr. Budhu is the chief architect of iFinix products and technology initiatives
Mr. Budhu comments, "I have held fast to my vision of making iFinix a value-added proposition for both the consumer marketplace and our shareholders. I worked hard to keep our company going until we reached the threshold of delivering product to the marketplace and we are finally on our way. We have no debt, take marginal salaries, keep our costs lean and are determined to grow the company in 2007."
CEO Doug Spadaro has held management positions at Citicorp, ABN/AMRO and Paget Group and has an extensive background in financial services. He is involved in strategic planning, daily operations and developing the broker-dealer network for iFinix trading products.
Ricardo Brillon is the Chief Information Officer of iFinix. Mr. Brillon develops the core programming of iFinix product while project managing additional outsourced development teams, including about a dozen developers currently working full-time on iFinix products in India.
Naveen Vasudevan is the lead project manager in India who oversees the local workforce dedicated to iFinix software development and technical support.
Craig Eckert is CEO of iFinix subsidiary, R&B Computer Systems Inc. With over 20 years of technology experience and an engineering and management background, Mr. Eckert has developed strategic relationships with companies such as Ernst & Young, Accenture, Nortel, IBM, Compaq, EDS, Lucent and Goldman Sachs.
Subsidiaries and Acquisitions
R&B Consulting is presently the only iFinix subsidiary. Under Mr. Eckert's full-time guidance, R&B is currently partnering with regional and international technology consultancies as a personnel and solutions provider. Drawing on Mr. Eckert's experience, iFinix expects R&B to contribute revenues in 2007 and grow significantly in the following year.
Mr. Eckert is responsible for locating acquisition targets that would increase iFinix revenues and generate profits. Several private companies presently operating with positive cash flow are under consideration. R&B has already qualified for a Small Business Administration loan that would facilitate a contemplated acquisition in full without any need for dilution of iFinix shareholder equity.
Mr. Eckert's oversight of this separate entity ensures there will be no loss of focus on the primary financial products and services business of iFinix.
Affiliations & Partnerships
iFinix has in place all data feeds through agreements with CMA, Comtex and Pink Sheets. CMA is currently a major financial data provider to the Latin American trading markets. The iFinix and CMA association already extends beyond access to CMA exchange feeds. As iFinix grows, the synergies between the two companies may then be extended towards mutually obtaining market share in their respective North and South American markets.
Other partnerships will be explored on a regular basis as iFinix seeks to expand their products and services and increase their market reach to include all levels of retail users, professional traders, proprietary trading shops and brokerage houses. As the iFinix customer base grows, the company will explore the possibility of applying for its own broker-dealer license and thus become a fully leveraged financial services provider and brokerage house.
In positioning the company for a listing on the OTCBB exchange, iFinix has adopted policies of full disclosure and corporate transparency. 2006 annual financials are nearing completion and should be made publicly available within several weeks. At that time all itemized insider share positions, including restricted stock, will be stated. And recent corporate governance actions enacted to fully align management with shareholder interests will be disclosed.
Mr. Spadaro concludes, "iFinix is approaching critical mass as a product developer about to release a series of excellent products, as a company evolving from start-up to a serious market competitor and as a publicly traded equity that was once abandoned by the markets and is now a vital trading issue. We are gratified by the growing interest in iFinix and this management team is focused on restoring value to our shareholders by virtue of great products, hard work, ethical management practices and clean corporate governance policies."
Source: Market Wire (February 20, 2007 - 11:00 AM EST)
all those wonderful buys at these levels means lots of good things for us that have bought under the .001's.....004-5 IMO by the end iof the week, and they haven't even released the financials/products.
Wow, this is truly one of the subpenny plays of the year. I am already at a 1 bagger. Let's go! GL!