IFON has gone vertical of late if one checks the technical picture. There's an obvious flag/pennant. The way the bullish formation plays out should find its explanation in the fundamentals.
As to IFON's fundamentals, to be poised for potential exponential growth, the underlying financial metrics could not be much more supportive. There are no real infrastructure (fixed costs) in this growth opportunity given the nature of IFON's business....so working capital support for enlarged variable costs consistent with enlarged revenues is what's required. IFON's balance sheet reflects the nature of its "variable-cost" driven business. The balance sheet is almost entirely comprised of net working capital.....in fact, $1.11 of its $1.14 tangible net worth per share is in the form of net working capital assets. So, this company is poised to grow, fundamentally speaking. It just needs a catalyst and seems to have found it with the IM deal.
Yes, IFON is off the charts given its technical run.....more importantly, it is off the charts in terms of how many investors know about the developing story here. It is starting to get notice, but it does not reflect the notice that goes with crowd awareness. When we see Motley Fool take notice or Seeking Alpha articles increase, etc., we'll have evidence of wider-spread awareness. The escalating volume of late is unlikely to abate right away, IMO, because of the growth opportunity based on a recent and significant catalyst. Further, this volume is present without evidence of widespread awareness. There's been nothing written about the press on the IM agreement. It showed up without fanfare and has remained that way in the sense of the absence of follow-up press....yet clearly some investors showed up.
I'm looking forward to when this thing captures the attention of some additional press. The story merits further exposition, IMO. Assuming it comes, this could get extraordinarily interesting, IMO.