see yahoo finance under headlines
IFONo filed for changes in their bank line of credit: "On May 26, 2015, InfoSonics Corporation (the "Company") entered into the Second Amendment to Loan and Security Agreement with Silicon Valley Bank (the "Amendment"). The Amendment modifies the original Loan and Security Agreement that was dated as of March 27, 2014 (the "Credit Facility"). The purpose of the Amendment was to reduce the Adjusted Quick Ratio covenant from 1.75 to 1.00 to 1.25 to 1.00 and to reduce the test frequency of the covenant from monthly to quarterly. No other provisions of the Credit Facility were changed by this Amendment."
Sounds good to me!
From the verykool site on FB (june 5, 2015):
... verykool will be launching afforable 4G and LTE models all summer long
Sentiment: Strong Buy
I agree, for the most part- kipfoot- but all they did in the article was print the technicals the way any one would interpret them-
Just hit 3.08- I think we are on our way!
IFON has been prime (medical) for a while....sorry, prime, it was just a good fit.
When this breaks cleanly above 3 next time (could be any day, even a minute from now....but imminent, IMO), say goodbye to the bargain basement on IFON.