If there's one thing this management has done wrong is that it took money from the convertible note provider.
Subsequent to that, it's done good business. Good announcements, good deals. Market saw alot of good things and this stock traded up to 5.6c!
These guys took a raise at 3+ cents.. which was double what it was trading the day before it did thพe raise. Bravo
But then it collapses thereafter. More deals come in and heavy selling takes place.
For me, I don't think this stock has any prospects of rising until the convertible note is fully paid out.
At that point, everything the management does will translate (both ways : good and bad). Until then, no amount of good will help as the selling pressure of the convertible note holder will mean the stock won't climb.
Good news is.. I reckon the convertible note guy can't be that far off the finish line. Almost there now I reckon but let's see.
My humble 2c on what's keeping this company down stock-price wise.
IFG Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held
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