For a while this morning- I thought Ana took heed of my post- but it looks like deaf ear syndrome to me. . . . .
ana- that doesn't help to put you on ignore- you then get pages and pages of blanks- why not try and ask yourself "is this post going to add anything positive/informative/etc to the board- before posting?" We all, at times, post some type of nonsense- but you seem to be unrelenting?
It would be nice to see some intelligent back and forth's- but I am afraid your affliction scares most people off. JMO
Break out ALERT- posted on the same site- occurs within 5-7 business days 80% of the time- (Nasdaq is source again here as well)
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!
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!
hopemedical200- I guess you are playing with me and hopeful 200-
Please take a look at the volumes over the past few weeks- does not look like people are running for the doors yet!?!? But that's just my opinion. . . . .
8 thumbs down and no rational argument presented by the shorts or the Nay Sayers in support of their negativity regarding IFON. . . . . .
I rest my case. . . . .
up more than 25% from 440k 2 weeks ago- my bet is that will provide more juice to propel us forward- my reasoning is based upon the latest PR announcement where Ram comments:
Joseph Ram, president and CEO of InfoSonics, said: "This shelf registration is part of our overall long term strategy. In order to prevail in the wireless business, we must have a solid capital structure. We have no immediate plans for raising additional equity capital, because we believe that our near term financing needs will be met by expansion of vendor and bank credit lines. However, the shelf is intended to provide additional financial flexibility for our Company by facilitating more efficient access to the capital markets if and when the need arises so that we can act opportunistically in support of our growth objectives."
Before I just get a barrage of thumbs down- can any of you shorts present an argument in support of a short position- I would really like to hear what you have to say.
Thanks- in advance