Not sure where they all originally came from. The company is not obligated to have independent director. It is usually considered a good thing and desirable if the company wants to raise money in any way or is looking to have institutional stockholders. At this point I think they want to steady the ship, make a profit and have a healthy platform to build from. Probably 70% of the company is held by insiders and I'm not sure how much more they can F over the limited number of minority shareholders. I know Danny would do it in a heartbeat. We will see how Lester and Jack behave.
I had Sunset as a holding for awhile---I am pretty sure all the Directors that left were Independent Directors--was just wondering what stockholders felt about their service. I thought there had to be a certain % of Independent Directors on a Board at one time?
I think one died. Also, there is a new team that took over the company, so they get to call the shots. Daniel stepped aside for the benefit of his 30% ownership interest. Lester Brafman has been hired as the new CEO. Jack DiMaio is now the Chairman and has put his money into IFMI. Jack has put himself on the board along with Christopher Ricciardi who now works with Jack, but previously worked with Daniel and was and is a big shareholder of IFMI. What thoughts do you have on IFMI?
This stock never fails to disappoint....I tried too sell 100 shares at 2.60 the very day someone dropped the 200k....ended up selling for 1.95 10 days later...the $3k annual IRS write-off is about the only thing I have to look forward to...
When this thing was paying a nickel it actually was better than bank interest...not now!
Frustrating stock and company to watch. Every time I think they have turned the corner they run into a new brick wall. A new strategy and plan every other quarter. Best thing to happen was moving Daniel to Europe.
my 1.90 entry is looking pretty good
got a stop at 2, if it goes off so be it
i'll collect my little divi and hope for the best
It is frustrating to experience. We get our 2 cents every quarter as the company has trouble finding it's way. Very good to have Danny in another country. I think he has burned every bridge in this one. Lester can make some real coin if he can fix IFMI and make it profitable.
Merry Christmas to you too and happy holidays to Misha!!! Thank you two for keeping me company:-)
Ethison, years have gone by and we are still here watching the losses add up. Every year we all think that this is the one. Here we are another gone by and us old timers sitll remain to remind the world of what a ripoff Danial and his crew are. Danny hiding in another country and a washed out GS excec trying to bring new life to a company with the reputation of thievery sure instill confidence in potential clients. Merry Christmas to ya see u thruout the new year.
89K today while under a short sell restriction after yesterdays volume also under restriction and all in the low 2s or less. People getting out of this dog all day long and for some reason people are buying it. Too funny
Great news for all shareholders, flash market research (google them) did a new profile on IFMI. I made $140k over the summer on their research report picks, so this is not something to take lightly. I expect a solid increase in volume this week. Glad to be a shareholder here!
Never worry, with this stock its's not the entry you wish for, it is the exit you will crave someday. This turd is a loser. Somebody dumped 200K plus shares for a reason. This is now a 20 cent stock if you factor in the reverse split. They told us then it was to help keep the stock above $5 so it would stay on the AMEX.