Info came from investor relations- they were working with T-Mobile last March and did not continue; Maybe they have decided to go forward now- I have no clue- that is why I was asking Greco what he knew.
Thanks prime. Momentum is brewing, definitely.... hoping to see some PR about all the good things going on. Seems like VeryKool is popping up all over..Walmart USA, SEARS ETC...
"the cost to get IFON aligned with a major US Carrier would be almost prohibitive at this junction in their business model." What the heck does that mean? As far as I can tell, all Verykool has to do is place some SKU's in some number of t mobile retail locations to be "aligned". 1000 locations x 10 units/location x $100 COGS/unit = $1M in inventory. Sounds doable to me, assuming IFON could actually get into T-Mobile's retail system.
I further have in on good authority that they have recently entered the Brazilian marketplace. . . . Foot print is definitely expanding here; as will be sales IMO
There are a number of new Suppliers/Distributors now in Mexico:
Nextel Mexico; Cellular Actual; America Movil; Mercado libre; Telmex ;Commandato; Walmart Mexico I spent about 15 min on Google, I am sure there are more-
Greco: To my knowledge- which came from IR ago some 5 months- the cost to get IFON aligned with a major US Carrier would be almost prohibitive at this junction in their business model; although, sales and distribution through major regional carriers has been accomplished with little or no cost(s); As of September, I was told that this was a minor part of their overall business.
Now if you have some further more up to date knowledge, I am sure that the board would love to hear it-
Thanks again in advance
Interesting - if you look at the chart from 1/23/15(especially the 5 min chart ) in relation to the Street Article that predicted the possibility of a major technical move on IFON and was published at 12:53 PM- there was active buying up until that time. . . . .
Seems to me that the shorts then descended to do their best to beat it down. . . .
It worked yesterday, but you can't keep a cork underwater forever- JMO
I've been doing some research and have come to a conclusion that InfoSonics will be adding T Mobile to there U.S sales. I'm hoping AT&T also but have not been able to confirm.
Sentiment: Strong Buy
Infact on a technical basis the long we consolidate here before the report the stronger the move will be.
do not worry around 1.15 we will do all the capitalization. We have been in consolidation mode for months and any kind of volume this explodes then comes back to da Azone for loading on light volume. Charts looks great. You have to have a period of consolidation on light volume to sustain and kind of move that will come on the breakout. Smart money will be loading in da Azone.
I agree with your take but will add that I still strongly believe a breakout is coming, whether before or at earnings, IMO.....and both the fundamentals and technicals will once again align and plenty of IFON investors will capitalize. Technical damage should be a thing of the past. IMO, this next quarter is likely to overwhelm any attempts to focus on anything negative.
Here's why I hold this strong positive view. I still believe that the credit line got doubled purely because of the need to finance strong growth. Nothing else makes any sense. Just look a the balance sheet. If anyone understands what the words "working capital" mean, that person knows that when a company the size of IFON has 1.09 per share working capital without any debt on the balance sheet whatsoever, it's not going to the bank to request more access due to lack of working capital just to "run in place." No, the balance sheet shows it has plenty just to run in place. It goes to the bank because it needs "cash" right now for growth. It clearly does not need cash to pay down debt or to finance the present level of operations.
The receivables will convert to cash but IFON clearly needed more cash right now.....and, again, the ONLY rational explanation for that is to finance more inventory for growth. The argument I've seen about having to write down or write off excess inventory (as an explanation for the heightened inventory balance on the balance sheet to start the quarter) as an explanation for an enlarged credit line is ridiculous on more levels than I can start to delineate here.
So, I'll go out on a proverbial limb even though, for reasons above, I don't see it as going out on a limb at all. My opinion is that IFON is going to prove to us with this next quarter why the stock price is way too low. The company already gave us the guidance to direct us to this expectation but when that credit line doubled, for me, that was the icing on the cake.
razorlick you should do some DD on da street the downgrade in dec was a reprint from may. There will be some real coverage on this thing though after this report.
Personally I think its a joke that they have the balls to come out so soon about anything they posted just a few months prior.
I always thought there should be a simple site that keeps track of these sites. Simply take the article, extract the buy/sell signals and then in 2-3 months everyone could see they are full of $%$# and just pushing their own agenda.
So The Street went from a downgrade a few months ago to now? How in the world does anyone listen to any ounce of what they say?
I think they changed their mind and realize they were wrong with the downgrade. Problem is now the chart is just so bad very few will be able to capitalize on that.
love da action in here. Locked in a range from around 1.15-1.30 all the volume is to the upside in the range and volume dries in the Azone for loading then she pops again. This move will be huge when it breaks out with this kind of trading during the consolidation.
I doubt anyone pays much attention to them. There record is quite pathetic. If it was from a credibly company it may have had a impact. I expect quite a bit more coverage after the q4 report is public.