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
Fortsetzung Teil 2:
Posted by: TradeSwapper
In reply to: None
Date:2/5/2007 9:15:11 AM
Post #of 13188
Good Morning
I'm going to work now on revising and updating my notes from meeting INXR management. I will try to post that within the next few hours.
In the meantime, some more general thoughts.
I see the buzz growing. The flippers and momo traders will come and go within 1-3 days and be gone again. Much of the chatter about technical indicators is coming from people with those very short time frames. Therefore those of you who believe you are going to be making far more than you would from a quick flip I suggest you look at much of what is said on each spike as white noise and stick to your plan for your position and personal targets.
Many have suddenly said what difference does it make if you pay an increment of a hundreth of a cent more to get a position. I'd have to agree with that viewpoint now since I believe this stock will transcend any highs it sets in the next few days and go on to bigger gains. If I am correct, then it really should not be a big deal to get your position within a range of prices as your entry could very well still be viewed as at the lower end of the overall and higher range INXR will show later in February and March.
As I said in my last post, the company seems quite real. One thing I will also post about in my next post is one thing of great importance. I thought after the Friday meeting I understood the arrangement with CMA. I was wrong. It is better than that. The fact as I have cleared up in follow-up conversations with Drew Budhu is IFinix coded their platform themselves from the ground up and the code is completely proprietary. The only thing they get from CMA is the majority of their data feeds (Naz, NYSE, etc.) because it is cheaper for INXR as a start-up because CMA has a huge Brazilian client base they pipe real time data to. INXR has additionally improved upon CMA's server code to increase the latency and it is done in C++ which is very fast.
This should relieve many people. INXR's product is solely theirs and adds proprietary value to the company (as it is owned by INXR, not an individual which is one thing I was certain to ask).
More notes and thoughts to come. For now, keep your sights on the time frames ahead because there should be strong developments ahead from the company and I'm looking forward to seeing the wave of flippers get out again this week and then chase it again to pile back in. That is one the few things I'm willing to predict, but I do see it happening.
Fortsetzung Teil 3:
Posted by: TradeSwapper
In reply to: None
Date:2/7/2007 10:07:18 PM
Post #of 13933
UPDATED THOUGHTS ON INXR
I posted the previous post about my meeting with INXR management:
www.investorshub.com/boards/read_msg.asp?message_id=16739879During the remaining time spent on my trip, I had further occasion to meet with Drew Budhu and refine my understanding of what iFinix is about and has going on. I'd like to cook it down to some essential points here and update my understanding as expressed in the first post.
1. PRODUCTS
(A) Phoenix Analyst - This is a real time product that operates from a desktop installation capable of extensive tracking lists in real time and level 2 and time and sales.
(B) Phoenix Pro - Trading platform that would essentially be tied into participating broker-dealer's execution services.
(C) Scanner - This was listed as a separate stand-alone real time market scanner, filter, alert and screening tool.
(D) Efinix - This is currently being coded
COMMENTS:
Phoenix products do not seem to be resource hogs which is a good thing. They are supposed to be running on C++ code making them fast and resulting in superior data latency. The response of ticker quotes seems rapid and may be faster than some competing products and brokerage streamers.
The feature sets are pretty rich with plenty of drop-down lists and configuration options, probably much more than many products on the market.
I was told the charting module was created from scratch. The chart module does seem to work from my review and may be a handy intra-day charting tool.
I consider the Analyst product to be a market competitor of MicroCapFeed and QuoteTracker.
Efinix product will be the java based streaming quote product that is most closely comparable to Alphatrade, though I think people will be very interested in Analyst for similar reasons.
Coding team is supposed to be comprised of Drew & Ricardo from the company as project managers and 2 teams of half a dozen programmers each in India who are currently making final revisions to Phoenix products (not sure demo downloads are current and will remind company of this if so) and Efinix java product, respectively. I did speak to a fellow in India put on the phone by Drew, but frankly I can't derive any additional conclusions pro or con from that brief exposure on the phone.
I have pushed for them to fold the scanner into the Analyst product to give the user a more complete real time data product and more bang for the buck. If they do that, it could delay the product a week or two, but the robustness of the product then could really get market share so it would be a smart move in my opinion.
2. CMA & DATA FEEDS
Most of their data feeds will be from partnership with CMA. CMA is supposed to provide data feeds to a very big user base in South America, specifically Brazil. INXR benefits from this affiliation cost-wise as they get a significant break on data costs (a very large part of the cost structure of this start-up). CMA should provide the bulk of the data feeds for Naz, AMEX, NYSE, etc.
PinkSheets.com will directly provide the data feeds for Pink Sheet quotes and you will be able to get this with Level 2 and T&S on Pinks.
TBD - Canadian & miscellaneous foreign data feeds may be made available later depending on demand.
COMMENTS:
I said to Drew Budhu some people wondered how much of the code for their products was proprietary and how much came from CMA and he seemed surprised people thought the coding was not done by iFinix which is what he stressed several times.
He said the proprietary code resides within INXR and is not privately owned by him and that the proprietary value is something that accrues to shareholders. OK, sounds good.
He said CMA has even relied on them to upgrade and render back-end server code in C++ that would be used to serve CMA's own customer base. Again, I asked them to explain this better to their shareholders whenever they can.
3. INXR OS
As I wrote earlier, 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. They subsquently diluted in 2006 to survive, but at least they claim 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. I was told Budhu and Spadaro each own 250M shares approximately so there is 1/3rd of the OS held by insiders.
4. OTC LISTING
It definitely seems to be underway and they have publicly posted some of the documents required to apply and they made the initial filings. I think they may even be preparing for Blue Sky filings (makes you tradeable in each of the 50 U.S. States that are applied for and approved) in advance of their listing.
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. I will try to follow up on the status this in coming weeks. I don't have any pressing need to predict timing on this.
I am most interested the rest of this month in seeing how the company defines their product strategy so we can see a plan for product hitting the market, being actively used and creating real consumer buzz by the time a listing occurs.
5. PROMOTIONS
They affirmed they have an advertising firm lined up that is preparation for a print and TV campaign. We saw a subsequent PR confirming this.
6. SUBSIDIARIES
R&B - My take on this is it was essentially a corporate entity that encapsulated Drew Budhu's work as a programming consultant. It was folded into the company to provide both some revenues and to act as a vehicle for future revenues from any consulting work performed. My personal bias is this is fine, but I will remain most interested in timely focus on their financial products platform at this time.
Additionally, if they were to add in any further income producing opportunities unrelated to the financial suite of products, my understanding is it would be operated from within the R&B subsidiary to keep proper separation and maintain focus. Craig is responsible now for R&B in terms of either recruiting consulting contracts or bringing in other income producing business.
FastFIX - This was actually PR'd in 2006 and does exist actually. INXR would get 10% of all future revenues of this company when they go live and generate business. I was introduced to the principal named Vijay and he seemed very presentable and sincere.
In a nutshell, Drew coded for him a web-based application that acts as a matchmaker for shipping brokers seeking to locate excess shipping capacity to match up the deliveries of raw industrial materials (as opposed to cargo container shipping) for global buyers and sellers. There appears to be a major market niche not yet fully exploited for such a service.
I found FASTFix very interesting from a potential business perspective and also because perhaps it evidenced INXR principal Budhu's programming skills. I was demo'd that application and could see how it might be used. It is not going to be actively marketed until the second half of 2007 according to them.
I would discount the likelihood of this contributing anything to INXR's bottom line in 2007, but it may be a sleeper later. It should not distract from the main activity of INXR and it won't. But it did seem to confirm the validity of one PR issued in 2006 regarding this which was another small piece of validation.
7. UPCOMING
I think AlphaTrade rests on their laurels and their market share can be rapidly cannibalized by someone providing a steady Pink Sheet feed with a better overall feature set. That is why I look for INXR to get a fully-enhanced desktop-based Analyst out to market and actively promoted in the near future. After that release is firm, then Efinix will come out later and be most directly resembling AlphaTrade due to its web-based java interface.
The Analyst market introduction should be a good lead-in then for next promoting trading through their Pro platform. That means we could be looking for announcements of sponsoring brokers who will hook the Phoenix platform into their brokerage. Then you'd be able to open an account and execute trades.
This could amount to one very aggressive brokerage that wants to promote these products to drive business to their brokerage. If that is the case and the executions are fast and the commissions price right that could be a winner that really drives market awareness of Ifinix product and generates royalties on a commission split. Or there could be many brokerages announced over time which would be exciting too. I will be looking for this to come pretty soon, but first I want to seem them go after the real time data delivery segment which is ripe for the picking.
Within these overall scheme of bringing their product suite to market should be various forms of marketing as expected with the assistance of Ed Yeaker Associates.
And somewhere during this continuum should fall an OTC uplisting.
And a successful show of evidence of alignment with shareholders by the company should inspire us all to support their products by using them ourselves. I believe some of their greatest marketing success would come from word of mouth from users. It is for this reason I have advised them to consider their best interests to be served by serving their shareholders who could indeed become their best marketers if everything comes to pass as it should.
From what I've seen thus far, these guys are definitely trying to get many things off the ground and flying soon. The market is warming up to their stock and I expect this to be considered a very cheap entry soon. I see it is under heavy accumulation and I smell some really good moves coming that may or may not coincide with news which I do not care to time or trade on. I think we are in good shape here. Good luck to all
Fortsetzung Teil 4
Posted by: TradeSwapper
In reply to: None
Date:2/11/2007 7:26:37 PM
Post #of 14396
About getting an OTC listing
First, regarding what is legitimate and what is not. An OTC listing does not occur rapidly. I have not and will not predicate my having a position in INXR on the timing of approval of an OTC listing. My first post discussed my first step in seeking to ascertain that the company was legit and that inquiry actually did touch on the topic of getting a listing.
I verified that the CFO services contracted for by INXR in the person of Mr. Moore were in fact real.
Whether any here realize it or not, this gentleman does assist other public companies with similar needs. The association with Spartan did not just pop up for the first time with INXR. This can be verified.
What would you want to see to believe there is forward progress then? Prior to any such listing, any public disclosure of financials would be excellent. They have already made efforts to develop a greater level of transparency so if they continue that trend that would be both very positive and perhaps additional indication of intent to carry through plans to uplist.
In fact, any kind of continued moves toward transparency that shows the company's desire to align themselves with shareholders are, in my opinion, fine indicators of a future uplisting. I think looking for this kind of trend in company conduct is going to be much more important than attempting to guess when a listing may occur.
Yes, an OTC lising surely matters, but when does it matter? Is this month or March as critical as some would lead you to believe? Perhaps, but I certainly don't give it the same weight timing-wise as some do. Give this serious thought because it is my suggestion there is much more going on here than just speculation on when to trade a stock based on an uplisting.
Let's consider what is most important well in advance of considerations about listing on another exchange.
What is it that would be most important for the viability of the company and their products regardless of what exchange they are on?
Yes, a good business plan supporting good products.
If we start to see a solid execution of a well thought out strategy that leads to the first serious market introduction of products from the iFinix suite that is what makes any future listing powerful.
In fact, I would personally rather see steady progress and company developments and market buzz built on the merit of the product and its campaign and strong consumer word of mouth well in advance of any OTC listing. Why have a listing come just now? It would be a waste in my opinion. Let's watch this percolate and build before wishing for the listing. This could trend for a long time in fact.
I actually believe our capacity to get to pennies per share is going to be based way more on those aspects than it is predicated on some kind of run-up now based on speculation about an immediately impending uplisting. I think it is not realistic and even more so not what we should wish for at this juncture yet. More power is derived from a listing confirmation if built upon a growing and solid foundation we can see coming this month and next from INXR.
What I think the uplisting will do when it happens, after we've witnessed the validation and market acceptance of INXR as a company with a strong future, is then provide far greater stability to what should a share price that has greatly appreciated from current levels.
People rightfully say some companies with higher share OS and a crap business trade for pennies per share so why shouldn't INXR? Good question, yes, but the key for me is focusing too on what would get us there and then keep us far higher than where we came from when much higher share prices are reached.
I think we would get to the pennies by virtue of valid excitement about INXR the company. Maybe then we compare ourselves way more favorably fundamentally too to those other companies that have run up to higher levels.
The OTC listing will be more valuable to all of us if it occurs well beyond the current moment and at a time when the company is highly visible to the public as many of us believe it will soon be.
Better for the company to have an already healthier valuation and then solidify it with the listing on the OTC. I believe holding this stock because you want to trade on an OTC announcement is missing the real picture. I believe INXR is a way more powerful stock story in the making than just that one element.
Fortsetzung Teil 5:
Posted by: TradeSwapper
In reply to: None
Date:3/5/2007 8:51:49 AM
Post #of 18593
INITIAL REPORT ON MEETING WITH INXR
This is a preliminary message to get the essential thoughts down and then I will expand on them in the next day or so. I will post further about my understanding of their platform and technology approach based on what I could comprehend. These are just my comments and are not sponsored by the company.
I met Drew Budhu in Florida and accompanied him on meetings with Spartan Securities and with Larry Colton who is working with Scott Moore's accountancy CFO Professional Services.
At Spartan I met Managing Director Carl Dilley who would be responsible for all uplisting requirements as the sponsoring broker-dealer for INXR to go to the OTCBB. I also met the man who would be the head trader responsible for making a market in INXR during the first month and after on the OTC bulletin boards. If you are not familiar with the process, the first month only the sponsoring broker makes a market in the stock. Thereafter, other MMs will appear on a stock's level 2. That does not prohibit the sponsor from handling orders for other MMs during that time, but that is how it works.
Besides having a trading desk, Spartan has a significant business in doing uplistings. They are also a very active transfer agent which is one of their key businesses. They run a very tight ship and expressed they perform all duties in full compliance with all regulatory procedures as is their mandate and they don't deviate from any rules and regulations. I was impressed by the professionalism shown in this meeting.
Spartan handles the registration for uplisting with the NASD. During that time, the NASD comes back with a set of questions for the company to answer. Some companies treat this as a quiet period and discuss less with shareholders during that time. Mr. Dilley said that any press release issued during this review period is subject to immediate demands for proof of substance by the NASD and it is the sponsoring broker-dealer's obligation to facilitate those requests for data, including the financials being prepared by the company.
Thus they are the middleman for moving to a new exchange and that is the role Spartan is designated for. I do not have information to convey on specific actions taken by the company in that regard other than I do not think it would be fair for anyone on a public forum to suggest we go to the OTC this month and I can at least make that assumption (my own only) based on the next meeting held.
I met with Larry Colton, the current CFO of eautoclaim.com, which is itself a publicly traded company. He was Comptroller of the same company when Scott Moore was its CFO. When Mr. Moore left the company to found his own accountancy two years ago, Mr. Colton stepped up into the CFO role. His close working relationship with Mr. Moore means he provides some of his professional expertise to the independent accountancy as well. Thus, Mr. Colton was in attendance as the acting accountant in charge of preparation of the company financials.
He was a highly credible man and clearly playing everything by the book. Nobody I met was presenting themselves as anyone other than a professional hired by INXR to fulfill the duties required to move iFinix's corporate agenda forward. We discussed the business of his current company and it was very clear to me he was a stickler on compliance issues and was an asset to INXR.
What I understand is all of the necessary documentation is being assembled by accountants that work with the company in the New York area and they are preparing that data for submission to Mr. Colton and Mr. Moore. Then they will produce the actual financials spoken of by the company. Since I figure that is not due out immediately, but sometime in upcoming weeks I thought it was fair to say at the very least that Spartan would be lacking the additional necessary document to proceed with their duties.
In regards to those people I met, there was no discomfort on my part with their presentation and I am confident they are true professionals who would not willingly have any part of any sort of scam. Just want to get that said. They were fine and respectable contributors to whatever INXR is aiming to accomplish.
That is basically the official context for my visit here with Mr. Budhu. The rest that I'd like to comment on that seems relevant to me I'll do the broad strokes now and then come back and expand on them and update this update so to speak. For now, some thoughts ..........
They are extremely keen on pointing out the great efforts they have gone to to produce their own product from the ground up and the value they place on this in terms of delivering a solid product that will do well, a code base that is uniquely theirs and is therefore a valuable asset base. I would infer from that to be a primary valuation consideration right now.
From spending plenty of time on this topic, I would say that if this proves correct, then we should be looking to at least start achieving a base level $10-20M market cap if they are debt free which would be a starting point of anywhere from half a cent to a cent and half per share without taking into account other factors.
This is a key value proposition I will address further soon. I will discuss to the best of my ability the underlying technical premises implied in this notion based on my conversations. And I will try to recall to the best of my ability the feature sets I was demo'd this past week and by which I can give us all a better viewpoint on the upcoming product to go by. It looks good and like we have a competitive product to look forward to.
It seems to me I probably caught Mr. Budhu in the last window before everything really gets insanely busy for his team and I'm glad I did get another chance to do so. I know he has to go to India for continued work and oversight with his development team there and to get the technical support staff geared up to serve iFinix users. I get the impression his heavy workload also includes dealing with their data vendors and partners and potential partnerships as well. Therefore, I was glad to advance shareholder interests and concerns one more time and now leave it up to them to move forward.
I'll update this with new posts, especially what I could glean technologically that would probably interest many to read. Excuse me if I'm not posting as heavily as I did sometimes in the past, but those weeks were light in comparison to my combined workloads right now and I'm doing my absolute best to stay on top of it all.
All the best
www.investorshub.com/boards/read_msg.asp?message_id=1…The Bosses Resume Running INXR. " The Best of The Best!"
CEO Doug Spadaro's resume'>>>>>>>>>>
INFO on the CEO - Doug Spadaro
Mr. Spadaro brings over 25 years of experience in both management and financials services. Mr. Spadaro has held management positions in such companies as Citicorp, Bear Stearns, ABN/AMRO and Paget Securities Group.
During his tenure at Citicorp as a Vice President and Senior Consultant of the World Banking Group, his group was able to identify and negotiate contracts with various European and Asian companies for a total revenue stream of over $750 million dollars. At Paget Securities Group, Mr. Spadaro expanded m
anagement staff from 9 to 30 individuals and increased territory size from 9 to 30 states. Through Mr. Spadaro's efforts total sales exceeded $123 million dollars. While at ABN/AMRO, Mr. Spadaro was a Vice President and managed a division in business development within New York metro market for institutional banking clients. During his management, he expanded his territory and increased sales from $187 million to over $400 million.
When asked about his role new role at Ifinix, Mr. Spadaro Said" Working with technologically innovation company such as Ifinix will be both exciting and rewarding. Ifinix is a true leader in its field and has the potential to play a dominant role in the IT arena. Being able to develop software and systems for both the Mac and PC environments shows the company's great flexibility and diversity. With our acquisition of R&B Computer both domestic and foreign, Ifinix will be the company to watch over the next five years."
"Mr. Spadaro's depth of experience in building and running productive organizations of all sizes makes him the ideal choice for this position," said Dhruvanand Budhu, Chairman of Ifinix. "We're excited to see him bring his formidable abilities and vision to bear on Ifinix's behalf in this exciting and rapidly evolving market."
Ob das die nächsten 15 Jahre zum Renner wird, kann ich noch nicht vertreten, aber das Sie die nächsten Monate zum Renner wird, das mag ich nicht zu bezweifeln.
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