IFS which has its warrants/common/preferred stock out under the symbols MNYCW, MNYCP, & MNYC - took a horendous hit today when the brokerage (Duke & Co. +/-) which took them public went BELLY-UP!!
Sounds like the outfit (Duke & Duke) that jerked Eddie Murphy and Dan Ackroyd around doesn't it?!? :-)
IFS (a succesfull and profitable firm)will find a new brokerage post haste, and the warrant/stock prices will head back to previous levels.
This looks like a real opportunity to make some money on a good company - that was only affected by the failure of its primary maket maker.
Do your DD, go to ifsintl.com, spend a buck, make a buck!
I ran across this when I was looking at my AOL "Biggest % Losers" data as part of my evening "cruise"!
See ya....
John :-) |
