IFAN Financial Inc (OTCBB:IFAN) has eclipsed all-time highs as the $3.5 million Mintefor Investments LTD. promotion comes into full swing with 15 page glossy hard mailers from the McShane Letter hit mailboxes across the country. We have been reporting on IFAN since it started just over $0.25 back in October of last year when the stock first hit the bb’s fresh of the name change from Infantly Available Inc in September 2014.
As reported on earlier IFAN is a multi-million dollar promotion from the McShane Letter responsible for such picks as USGT, NVGC and now IFAN. The IFAN campaign sports a 15 page glossy hard mailer and a landing page at ifanreport.com backed by a $3.5 million dollar budget from Mintefor Investments LTD.
IFAN Financial Inc (OTCBB:IFAN) says they design, develop, and distribute software to enable mobile payments that include the ability to use a debit card and corresponding PIN number while purchasing online on a mobile phone, tablet, or computer.
The shell was incorporated in Nevada in 2010 as Infantly Available, Inc. focused on developing and distributing an organic clothing line designed for children. The CEO was a 21 year old student named Danniel Joan Borrie. Her experience for the new venture was that she has helped her younger sister dress for years.
Currently the share structure of IFAN look like this:
Shares Outstanding = 79,960,020
Chrisopher Mizer = 35,000,020 (restricted)
Steve Scholl 15,000,000 (restricted)
Mobile Cash America = 61,858 preferred shares convertible into 43,300,600
Anonymous Seedshareholders = 29,960,000 free trading shares (acquired at $0.0018 per share)
The 29,960,000 free trading shares being held by Anonymous Seedshareholders is the stock that is being liquidated into the $3.5 million Mintefor Investments LTD promotion.
IFAN DISCLAIMER:”We are in the business of marketing and advertising companies to generate exposure of them through newsletters for monetary compensation. This is paid advertising and does not purport to provide an analysis of the featured company’s financial position, operations or prospects. Because this advertisement has not been prepared with any one individuals financial condition or investment goals in mind it is not to be construed as a recommendation or solicitation to buy or sell any security. This newsletter nor any of its affiliates are not registered investment advisors or broker dealers. It is advisable to consult a registered investment advisor for advice on your specific investment situation. Mintefor Investments LTD paid three million and five hundred thousand dollars to marketing vendors to pay for all the costs of creating and distributing this Advertisement, including printing and postage, in an effort to build investor and market awareness. Don McShane received twelve thousand dollars for this advertising campaign and expects to receive an unknown amount in subscription revenue.”
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The promotion on IFAN began with hard mailers featuring the McShane Letter hitting homes across the Country in early October. The glossy hard mailer stated ”Forbes Magazine calls it…The $15 Trillion Gold Rush!” touting IFAN as ”a brand-new technology that lets customers use debit cards online without giving their credit card info…” and that it is likely to be purchased by Apple, Amazon, or Google.”
The McShane Letter has a history of picks that we can examine to gage where IFAN is going; USA Graphite Inc; USGT ran from around $0.30 to highs near $1 after they announced it as their pick in early 2013 and now trades well below a penny. Nevada Gold Corp; NVGC ran from pennies to over $0.60 after the McShane Letter featured it at the end of last year, the stock currently trades for well under a penny. The MO seems to be stocks that make parabolic moves upwards on massive volume during the promotion and then collapse to less than a penny afterwards.
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Fundamentally IFAN is an empty shell with $0 in the treasury and $0 revenues to date; according to the 10Q IFAN filed on August 28, the Company has $0 cash on hand up from $1,355 last year. Basically they have no assets, $0 revenues to date and only losses during their limited operating history.
Currently trading at a $60 million market valuation IFAN has no fundamentals to back this up and will collapse once the multi-million dollar promo runs dry. Short term IFAN can easily go way higher long term we have to look no further then McShane Letter previous promos to know where this one is headed. You know something is not right when they are spending $3.5 million to promote the stock of a Company with $0 in the treasury and no revenues to date.
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Disclosure: we hold no position in IFAN either long or short and we have not been compensated for this article.
COPY of 1st page of the McShane Letter Landing Page: