Ifinix Corporation (INIX): Doing some DD on this. Checked on accoun...

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forgreen

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Tuesday, 01/23/2007 8:27:47 PM

Tuesday, January 23, 2007 8:27:47 PM

Doing some DD on this. Checked on accountancy announced in PR. They are real. That may sound like a funny thing to say but you would be surprised what some of these shells say, they'll make up names of firms out of thin air.

The guy is in Florida. I checked into the company he was CFO for about five years before he opened up his own practice locally. He worked for larger name brand accountancies before but he seems to be keeping it simple and working for some public companies, doing Sarbannes Oxley assistance and in the case iFinix he is helping them get their accounting related documentation assembled for the OTCBB listing.

His former company eAutoclaims is legit. They are listed on the OTC and as their CFO for five years he appears to be qualified for the tasks he has been assigned for INSR. eAutoclaims did about $4M in revenues last quarter and have been in business for at least 7 years from what I can tell. His practice is in the same neck of the woods as his former company.

I don't have the impression there is deep involvement with the company's strategic planning, but he was familiar with Dru who so far I've come to the idea is the primary management factor behind iFinix probably much more so than the CEO since this would be a technologically dependent service and that is Dru's background from what I can discern thus far.

Also, I dug around some of the announced partnerships. Apollo Consulting is one of them. It turns out Apollo is a subsidiary of Indotronix

http://www.iic.com

which looks like a substantive company based in India with many offices and U.S. headquarters based in Poughkeepsie. Indotronix is impressive looking and they are hiring in the U.S. It seems that iFinix's subsidiary R&B is basically their technical root skill set and they will try to balance out any roll out of the Phoenix products while hooking up with an international consultancy for income producing contracts.

Also, I would note that another key partner for their data feeds is very legit and also listed on the OTCBB. Comtex is maybe a little gem for some to buy and hold, but I have not looked into it from that angle yet. But I know they are for real and service a good client list and are trying to expand their footprint. Motivationally, it would seem like a good fit is iFinix is going to make a serious effort to be selling market data driven products.

From what I can tell, there are real associations sprouting up all over around INXR. That is not a guarantee of success, but it might be some measure of seriousness. If the partners and accountants and the like acknowledge their association with iFinix at least that means we're getting effectively truthful press releases.

For instance, I am now of the belief they are filing for OTCBB listing. That alone would be rocket fuel for this stock (especially if it gets oversold on the shorting side and the shares then need a CUSIP assignment, that could get wild regardless of their future successes or failures as a company).

I think the Phoenix products may be coming together but I cannot verify that yet. I believe they may be moving towards many goals simultaneously now so it could produce much in the way of news and associations, milestones and channel partners.

I remember some sub-penny pinks going way up and the one thing I would suggest in making any such comparisons is one. If there is a real business model, authentic affiliations and growing efforts for greater compliance and transparency, then you might be looking at a rocket here. The problem is when they promote a direction and don't follow through. If they keep taking the steps that have been outlined, this stock could build many new levels of support if the interest continues.

I'm guessing it will and I'm also guessing we'll see plenty of churn each step of the way. I do remember something like QBID churning, churning and then really going, then back, then higher. Key point to consider is our dollar volume the last 2 days dwarfs the previous days when this was rising from the cellar. It is all relative and to the earliest birds it now looks expensive, but to some savvy speculators it might start to look cheap if we continue to take out the profit takers and sustain good dollar volume which we have.

Keep that in mind if we do start going up and maybe can go to great heights. Most don't know or care about this stock, but if we are doing 100s of millions of shares traded like this at higher and higher prices plus retraces, it will look cheap if the company is progressing. It will be interesting and that is why I sniffed around to see if there were legit affiliations and golly there are. I say stay tuned and if you've got a cool pulse hang tight. It could be interesting here for a while.