Greetings. I have met with INXR management and the short version is I'm very to have bought into this stock now because they were very earnest and appear to have a serious plan for delivering product and marketing. I'd say we are in good shape at these levels awaiting for the company to continue their communications with us.
I believe INXR may be savvy about providing tools that many of us who prospect for good finds in the penny stock world can use. If they deliver I believe Alphatrade will be in for some stiff competition. This should be available as a web enabled platform at a comparable pricing point with additional features that Alphatrade does not have or would charge extra for. I, for one, would love a robust microcap/pink-enabled data feed with Level 2, T&S, advanced screening and alert features.
I have been asked about their affiliation with CMA and what I now understand much better is CMA is very successful in Brazil. iFinix has a partnership with CMA whereby they have redone much of the older code in VC++ with contemporary coding. INXR interfaces should soon revamp the whole appearance of the original CMA platform. Because of this CMA has an abiding interest in the development efforts of iFinix.
I asked the company to explain this better than I can and hope they will do so ASAP, but the essence for me is they are not just Private Labling a product, they are working with a platform already used by hundreds of thousands of users in South America and modernizing it for the North American markets. I believe CMA's interest then is INXR's improvements can be leveraged to an existing user base though I'm not sure if that entails a royalty stream for INXR or CMA taking an equity interest in the future of the company (which would be a very big positive I think).
My impression of Dru and Doug was they are very earnest. My understanding of the history of the company is they got mishandled by earlier financiers who executed a dump of their shares and iFinix never got the funds from the equity raise. This set iFinix back a couple of years ago. I wanted to know what was different this time and they said they will protect their share structure while they grow the company. They did dilute in 2006 at a disadvantage but they retained the funds for their business and take very little in salary.
I asked them if they would be fully open about their share structure and they said yes. I have asked them to have their transfer agent be authorized to disclose their share structure. They seemed to believe this could be beneficial and I hope they will also address this soon. The two principals each own 250M shares approximately so there is 1/3rd of the OS held by insiders. This is very good.
They are very adamant about going to the OTC. They seem to have been through the fire once before and they hate being on the pinks and the financials are being worked on now by Scott Moore with the intention of having Spartan Securities sponsor the paperwork and processed ASAP. I will be making an appointment to discuss this with Spartan officials to confirm all of this in a week or so. They seem genuine. When I stressed how important good future share structure management is and the listing is they were all ears and not in the least bit resistant to my exhortations. They do seem legit thus far and remember that I did initially greenlight my DD on the CFO as being legit so it is looking good.
They affirmed they have an advertising firm lined up that is preparation for a print and TV campaign. I don't have a time frame for this.
My sense of the story right now is we are moving along towards an OTC listing. If that goes smoothly we could be holding INXR.OB next month but don't hold me to it. With that accomplished I'd be looking for a very interesting road ahead for this company. There should be some further arrangements coming about brokerage relationships and perhaps new data feeds. What really excites me is we may have on our hands a company that will serve microcap traders and investors as a target audience and that could really fuel this stock greatly. For a 1/10th of a cent I get to be in on that so I'm very happy about this right now.
These are my quick notes written on the run and I will amend it later if any other thoughts come to mind. In sum, this seems like a legit company to me. That was the bottom line. That is square one. That looks like a solid assumption thus far so we can be content about that right now while we wait for further communications from INXR. They are shareholder friendly thus far too so I'm rooting for them and for us too.
I've got a super busy schedule and tried to knock out this first post so I caught you today and it frees me up a bit more this weekend as I still have much to do. I'll try to do some board moderation first, then I'll try to get caught up with INXR-related replies and queries late Sunday night or early Monday morning.
All the best
