Trader-types often don't care about the fundamental business, but rather live and die by the charts. However, if the trader hats were removed for a moment and everyone answered honestly and objectively as to genuine opinion, I'll bet anyone following IFON's recent history would all slant toward the high end of the Likert-type 10 point scale below:
On a scale of 1 to 10 (just visualize the scale below each question mentally note your answer), select a number to represent your answer to the following questions where 1 is strongly disagree with and 10 is strongly agree with and 5 is neutral:
1. The recent $4M of credit insurance (January 2014) and the more recent 2M credit line announcement indicates business is improving.
2. The Ingram Micro (IM) agreement with IFON established in December 2013 indicates business is improving.
3. Recent earnings reports point to future business improvement.
4. The interview with CEO Ram in the Los Angeles Times in February suggest business is improving.
5. The new Verykool smartphone entries over the past year and mention of several, several more to come indicate that business is improving
6. The increased salary announcement for the CFO today relative to the prior annual period indicates improving business.
7. Overall, I believe it is more likely that IFON's business is improving than than not.