ITNF...I put this one out yesterday and it quickly went up 200%...and has based nicely.
INTERNET INFINITY - ITNF
Short term ROCKET.long term BUY
George Morris - Chairman
800-843-3606
chairman@internetinfinity.com
Shares Outstanding: 4 Million
Share Held by Insiders: 3.5 Million
Insider shares restricted 2yrs; 1yr minimum
Current price: .4375X.562
52 wk high: 1 5/8
52 wk low: 7/16
Chart: chart1.bigcharts.com:80/report?r=qchart&onbad=qbadsym...
SI thread:
Subject 21094
Notice the volume and the spikes.why?
Ok, here's the big one!!!
Public Float: 250k-500K
I've seen this stock trade up 30% on 30,000 shares traded..it is explosive!! I believe the
float is closer to the 250K the way it trades.
IMO .
ITNF is a great short and long term play based on the low float for the short term and
the company's future for the long term. The float can be bought for $250K.
General:
Internet Infinity, Inc. is a Costa Mesa, California company that provides a bundle of
electronic
financial and direct marketing and communication services through the Internet, CD,
video tape
and television. The Company's mission is: ''Support client owners of Internet sites with
multimedia
promotion, financial services and transactional services to facilitate successful trade on
the
Internet.''
Recent developments:
Microsoft alliance: biz.yahoo.com
Flying Disk alliance: biz.yahoo.com
News to be expected shortly which will bring real world attention and a major upswing
IMO.
1) "Revenues from the Internet Infinity Trade Center should commence in July 1998,"
stated Morris.
2) Audited financials for FY Mar 31. Nothing great is expected here as Mr. Morris has
used the past year to clean up any negatives of the company. Should be out in the next
30 days.
Mr. Morris wants to become a reporting company and move to a listing. He made it
clear it is an objective but his primary objective is to grow the company through further
alliances and acquisitions. Without giving me any details, I feel he has some up his sleeve
right now.
Mr. Morris has no immediate plans for a PR firm until it becomes fiscally responsible.
He said that they have been releasing significant events almost on a weekly basis now
and to expect the same.
Financials: Non-reporting right now but showing approximately $1M revenue run-rates
expecting to climb as the trade center opens and more acquisitions and alliances are
formed. Mr. Morris stated that they are operating close to break-even at this point and
should be in the black in 1999 if trends continue. Mr. Morris is planning to bring ITNF
into fully reporting status in the near future. Audited financials should be finalized and
released for FY98 shortly.
Share dilution: Mr. Morris was adamant that there is virtually no chance of insiders
dumping shares as most are restricted for at least another year, some more. There are
also no plans on dilution of shares until the point where the company has grown to the
point of the need for a secondary offering which was implied wouldn't take place until
the stock is at much higher levels with ($7-$10) and after a listing.
I recently spoke to Mr. Morris and was quite impressed. He is very tight lipped and
specifically said he doesn't want the price of the stock to move based on hype. So
anything I am telling you is the best I could get out of him. He is very confident in the
staff he has brought on. A very good sign as I see it! I definitely suggest giving him a call
for further DD.
THIS IS NOT A RECOMMENDATION TO BUY, DO YOUR OWN DD
Brett |
