simarx,
My overview of this company has been very positive, and as of this date it will remain positive. My opinion of IFLY has not changed, it is still a profitable travel agency with a state-of-the-art interactive Internet booking system. As I have stated in previous postings, I must believe in a company's ability to provide a service, how well does that company provide that service and can they make a profit from it. In the past I have not used 800 Travel System's 800 number to reserve seating arrangements on airlines. But within the last year I have become very dependent on the use of the Internet to attain merchandise and goods. I have use the services of such companies as Preview Travels, and the other larger travel agencies to obtain price quotes for such services as renting a car and obtaining hotel rooms. The prices that were quoted by those other Internet travel agencies were not less than the prices quoted directly from the rental car agency, such as Hertz, or the hotel, such as Hilton.
I've tested the interactive Web site introduced by 800 Travel Systems and find the system quite remarkable and very impressive. This innovative marketing strategy of selling airline tickets and other travel amenities by interactive exchange with a travel agent in real-time is state-of-the-art and unique. A truly believe that the use of the interactive Web will enhance the revenue of IFLY while lowering their cost of doing business, therefore I will remain invested in this company. But I am trying to understand what happened in the last few weeks, although I did not believe that IFLY's stock was going to the moon, I did believe it is compatible with Preview Travel and should have traded in the 12 to 16 dollar range. A great number of people lost large vast amounts of money on this company within the last week. Although I do FAULT the company in its FAILURE to market its services effectively, I still believe there were many factors that entered into the downfall of the value of this stock.
I do not believe that the explanation of a warrant strip or the alleged involvement of criminal activity by corporate officers as explained by Auric was the reason for the sharp decline of the price of the shares, although I will read what he and others have to say, but obviously something terribly wrong did occur to make this stock declined to their current price. For the individuals who made money in this stock by shortening it and then posting misstatements, misrepresentation and lies, I believe they are no different than the con man that steals retirement money from the elderly from a boiler room scheme. I see this type of revenue as "blood money." I wish the best of luck to the remaining shareholders of IFLY. italiana |
