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IFSL Financial Report Due Next Week and Buy Back - Important News
Steve in Investor Relations of IFSL reported the following via a phone call Wednesday afternoon June 30th 2009
1. Financials - 2nd quarter:
“Probably coming out NEXT WEEK” and they are, in Steve’s words: "awesome"
1. BUY BACK:
Steve said: IFSL is "buying shares back little by little." Today they bought 10,000,000 shares.
They are not doing their buyback at one time because they "don't want to spike the price"
3. Steve thinks “we should see .005” after the financials are reported.
(IFSL finished up at .0012 today)
- There is a consensus among our investment group that we are likely to see a steady rise to .02 to .05 considering continuous reports of significant increased revenue for IFSL this quarter.
Do you own DD and check your charts, but to get you started here is an article from Business Week written a little over a week ago (link is below):
‘IFSL - Revenues increased by over 160% - Intent to List on Major Exchange
Key developments for Ideal Financial Solutions, Inc. (IFSL)
Ideal Financial Solutions Provides Revenue Guidance for the Second Quarter of 2009
06/22/2009
Ideal Financial Solutions Inc. provided revenue guidance for the second quarter of 2009. The company projects revenues will increase by over 160% of its first quarter revenues. The company has also stated its goal of becoming a fully reporting company in the near future and eventually pursuing a listing on a senior exchange.’
Business Week Reference Link:
Ideal Financial Solutions, Inc. (IFSL): Stock Quote & Company Profile - BusinessWeek
http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ric=IFSL.PK
Note:
We were recommending SPNG at .035 before its run to .28 cents. And for exactly the same bottom line we are recommending IFSL – significant increase in quarterly profits.
Posted: July 4th, 2009 | Report This Comment