If you would ever take the time to read my past posts, you would know that I am no short.
The CFO is Vern Loforti and I do speak to him fairly regularly.
It would nice to see a post from you that has some substance/back bone/or source(s) behind it/them. Your posts are fraught with everything but.
We hear of news stories that never come to pass/great stock moves that are imminent in the next few days that do not occur and, of course, when you bring out the wood- as if anyone cares!?!
Ifon will have a tremendous quarter and the sales will be stellar. I would love to see a carrier deal, but when I last spoke to Vern he told me what I posted. I further asked about Costco, etc- and was told that they were avoiding "brick and mortar" vendors as to not have to commit inventory. They are concentrating on internet sales. Unless something has changed since we last spoke two weeks ago- that's the story as I know it.
You're welcome to give him a call or drop him an email to verify- which is more than I can say for any of your I posts regarding fact checking your statements.
I believe you probably have done well in the market- but I also believe that you are what my British acquaintances call- a #$%$; fact check that as well.
I am just repeating what the CFO told me- don't appreciate your comment- but I guess I should realize where it is coming from. . . .
I spoke to IR several months ago about a carrier affiliation. IR told me that "it costs about $1 million dollars to get a particular phone certified and then you have to sell that phone". Nothing would make me happier than to see what you posted come to pass- perhaps you can expound further.
Entry into a Material Definitive Agreement, Creation of a Direct Financial Obliga
Item 1.01. Entry into a Material Definitive Agreement.
On December 5, 2014, InfoSonics Corporation (the "Company") entered into the First 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 increase the availability of borrowings under the Credit Facility from $2 million to $4 million and to temporarily reduce the Adjusted Quick Ratio covenant from 1.75 to 1.00 to 1.25 to 1.00 for the five months ending November 30, 2014 through March 31, 2015.
A copy of the Amendment is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Verykool has close to 30 products.
Do you really think that the Quantum Sl 5000 only getting a 3.5 rating from PC Magazine instead of the 4.0 rating that they gave the Motorola is going to sink a Company that is currently doing close to 40 million dollars a year and given forward guidance to supercede all prior quarters in their next earnings report?
Does not sound too plausible to me. . . .
Totally agree- however making it harder for shorts to borrow shares will definitely help to shorten their hold on this stock- one positive news story will reverse this hard and quick as well; not to mention whoever is sitting on the sidelines that sees value and starts to take a position..
I have been in IFON from 2008- seen the ups and downs - and made some money along the way.
Ram has not had a conference call or given guidance since I believe 2008- despite the drastic profit drop that occurred than- he has now- and he has become more than positive; despite the projected earnings for 2014 being way lower than 2008. The point is, the tide is about to change here in the coming months.
Sentiment: Strong Buy
Just to be clear- my etrade platinum relationship mgr just called me. After initially telling me that they had the program, he clarified to say it is in process of development and should be available shortly. Ameritrade definitely has the program in force as I write this.
I have locked up my entire position from etrade's inventory and it is not available for lending as of 11/18/2014.
Ifon is a screaming buy at this level (1.25 seconds ago)
Sentiment: Strong Buy
If you are trading in a margin account, your brokerage firm can freely lend out your shares to shorts without your knowledge and at your detriment.
Converting to a cash account will either stop them from doing this or force them to pay you interest on your shares if used. You still own the shares and can trade them freely.
At the least this move will lock up the shares and make it more difficult for the shorts.
The interest varies on demand.
Etrade and ameritrade have these provisions.
I have converted all my shares to cash and I am not lending them out as of today. I have a substantial position.
Sentiment: Strong Buy
Hey, who knows- maybe we do get stellar earnings plus a significant announcement plus the shorts having no where to hide?
Sometimes things do happen for the best & all at once.
I am banking on IR that they told me they would probably have a cc next quarter.
I couldn't agree more- I wrote IR about it last week, when I learned that they were announcing on a Friday instead of Thursday, and did not get a response.
There hadbeen rumors on this board about regional carrier associations being announced- IR told me in the middle of September that they had them- but "it is not a big part of our business".
I am at a loss unless they have developed some new relationship; one of the other message boards hinted toward that and that tomorrow we would get to hear about that as well as guidance- I am however, totally clueless as to this.
So to be clear, it's all right for you to feed off us, but no good for us to feed off of you!?! NICE. . . !
Maybe you should try the time out chair. You apparently do not play well with others. . .
Pivot Point Ist level Support 1.80
Current Price 1.94
Resistance at 2 ± 0.1, type double, strength 6
Pivot Point 1st resistance 2.02
4 week high 2.07
Pivot Point 2nd resistance 2.16
Short Squeeze 2.175
Resistance at 2.18 ± 0.11, type triple+, strength 10
14 Day Rsi at 70% 2.35
Resistance at 2.41 ± 0.12, type triple+, strength 10
Resistance at 2.87 ± 0.14, type single, strength 5
14 Day Rsi at 80% 3.08
13 week high 3.84
52 week high 4.69
Let the run begin. . . . . .
Sentiment: Strong Buy
If you think that "insiders" truly know something and that is what is driving the price down, do you really think the volume would be at 103k now? Very, very, doubtful- if they did, volume would be a million plus. This 1.75 is a gift driven by the short that dumped 20k at 1.81, shook the tree, and is now buying back slowly.
This game comes to a close Thursday/Friday