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Infrax Systems Inc (OTCMKTS: IFXY) Big Week as Mi Pulpe LLC Reverse Merger Closes

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Infrax Systems Inc (OTCMKTS: IFXY) is steadily moving northbound in recent days trading up 14% on Friday on $500,000 in dollar volume. IFXY has already proven to be a runner skyrocketing out of sub pennyland last year and running to highs of $0.0157. The stock also has a loyal following of investors who see this one going much higher. Last week the Company announced it expects its acquisition of Mi Pulpe LLC to close the week of July 25, 2022. All due diligence items have been completed and the final acquisition documents have been signed. The company also announced that it has completed the process of changing transfer agents. The acquisition will formally close once all bookkeeping items associated with the transfer of shares have been finalized on the company’s official shareholder records. The acquisition is non-dilutive to current IFXY shareholders and will not require the issuance of any new stock. Mi Pulpe is an US Master Importer & Distributor of specialty nostalgic food and beverage products catering to the Latin American market segment. Mi Pulpe generated over $22 million of revenue in 2021, and the company is expanding rapidly to other crossover market segments with new and exciting products.  

IFXY has been busy behind the scenes and is looking to go fully reporting OTCQB as per new management Mr. Jose Pineda. A recent twitter update stated: “Paperwork is just about wrapped up for $IFXY, we look forward to the journey ahead. Be on the lookout for changes to OTCM and the start of official updates via new wires. We appreciate your patience, and look forward to building huge value for shareholders. #NoRS #NODilution. The no dilution part is important although there are sellers, as IFXY has $0 debt there are no note holders though. IFXY new CEO and majority owner is seasoned executive and serial entrepreneur Jose Pineda who took his Company “Mi Pulpa” a master distributor of foods to Latin American countries to $22 million in annual revenues. Currently he serves as a board member for Alnost Brokerage LLC, CEO of Toditito Llc, CEO and board member of REME Enterprises LLC and majority owner and CEO of IFXY. There is a twitter thread here that explains more on Mr. Pineda here. Reverse merger stocks can be more explosive than biotech’s when the incoming Company has real value but is undiscovered to investors and we have covered many on the website that have gone from pennies to dollars. 

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Infrax Systems Inc (OTCMKTS: IFXY) is a clean “pink current” reverse merger candidate with $0 debt on the books. The Company was incorporated in Nevada on October 22, 2004. On January 10, 2010, it officially changed the name of the Company from OptiCon Systems, Inc. to Infrax Systems, Inc. to reflect the change in the Company’s direction and were issued a new trading symbol as “IFXY”. At that time the Company was involved in the “Smart Grid” energy sector. The Company believed at that time that its integrated platform will hasten the deployment of all Smart Grid technology for resource constrained small and mid-sized utilities.  Infrax’s advantage comes from its products ability to enable the creation of a secure platform scalable to deliver a broad set of intelligent Smart Grid initiatives across millions of endpoints for Utilities.  

According to his profile on linkedin:

Jose Pineda – Chief Executive Officer at Mi Pulpe Llc 

“I have spent the last twenty years building and serving as an executive or board member to a wide variety of organizations. I have worked in several different industries and have a wide range of technical knowledge in fields such as hospitality, supply chain, and technology that has helped me to build and grow multiple companies. As an immigrant, I take a lot of pride in helping others with similar backgrounds like mine and love to work with people from all different cultures around the world. I have a strong entrepreneurial mindset and look forward to connecting with like-minded individuals on here”  

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IFXY

IFXY history: During May and June 2021, KRISA (controlled by Caren Cooley) took over control of $IFXY. This was eventually uploaded to OTCM on 7/20/21. One week later, they dropped 3 years worth (12 filings) on one day! This shows motivation to get things done properly & ASAP. Since then, they have not been late with a SINGLE filing. Remember I said SAFE? We can sleep at night! The real MATERIAL financial change occurred this past March 2022. Basically, KRISA sold 80% of its holdings to Alnost USA, in exchange for Almost bringing its subsidiary Mi Pulpe into $IFXY (set for next week).  

On July 19 IFXY announced it expects its acquisition of Mi Pulpe LLC to close the week of July 25, 2022. All due diligence items have been completed and the final acquisition documents have been signed. The company also announced that it has completed the process of changing transfer agents. The acquisition will formally close once all bookkeeping items associated with the transfer of shares have been finalized on the company’s official shareholder records. The acquisition is non-dilutive to current IFXY shareholders and will not require the issuance of any new stock. Mi Pulpe is an US Master Importer & Distributor of specialty nostalgic food and beverage products catering to the Latin American market segment. Mi Pulpe generated over $22 million of revenue in 2021, and the company is expanding rapidly to other crossover market segments with new and exciting products. 

Mr. Jose Pineda, President of IFXY, stated, “We have big plans for this company. We started Mi Pulpe in 2015 with first year revenues of around $650,000, and we see no reason why we cannot continue to aggressively grow the company going forward. The Latino/Hispanic population in the US is climbing at an accelerated rate and is expected to grow over 50% in the next decade. We are excited at the possibilities this merger provides to expand the Mi Pulpe product portfolio and meet our aggressive revenue growth targets.” 

Mr. Carey Cooley, CEO of IFXY, stated, “I cannot imagine a better result for our current shareholders. We are basically delivering them a $22 million revenue company with exciting growth potential at no cost to any shareholders other than myself. I believe that Mi Pulpe is just the beginning. We are already looking forward to other great companies we can bring into the IFXY family.” 

The IFXY 2022 fiscal year ended on June 30, 2022, and the 2022 annual disclosure will reflect the Company’s shell status as of that date. The Mi Pulpe acquisition and financial results will be reflected in the Company’s disclosure statement for Q1 2023, which runs from July 1, 2022 through September 30, 2022. 

IFXY has developed a short list of potential acquisition targets, and the Mi Pulpe acquisition is the first of several the Company expects to complete in the coming months. IFXY will be filing a request with FINRA for a name and ticker change in the near future to better reflect its overall strategy. As previously announced by the Board of Directors, there are no current plans for a reverse split or increase in the number of authorized shares. 

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Currently trading at a $30 million market valuation IFXY has 5,530,894,237 shares outstanding much of which are restricted leaving 2,063,229,521 free trading IFXY shares worth $9.5 million. IFXY is an exciting story here; headed by a new CEO seasoned executive and serial entrepreneur Jose Pineda who took his Company “Mi Pulpa” a master distributor of foods to Latin American countries to $22 million in annual revenues. Last week the Company announced it expects its acquisition of Mi Pulpe LLC to close the week of July 25, 2022. All due diligence items have been completed and the final acquisition documents have been signed. The company also announced that it has completed the process of changing transfer agents. The acquisition will formally close once all bookkeeping items associated with the transfer of shares have been finalized on the company’s official shareholder records. The acquisition is non-dilutive to current IFXY shareholders and will not require the issuance of any new stock. Mi Pulpe is an US Master Importer & Distributor of specialty nostalgic food and beverage products catering to the Latin American market segment. Mi Pulpe generated over $22 million of revenue in 2021, and the company is expanding rapidly to other crossover market segments with new and exciting products. We will be updating on IFXY when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with IFXY.

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Disclosure: we hold no position in IFXY either long or short and we have not been compensated for this article.

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1 Comment

1 Comment

  1. Coby Garfinkel

    September 29, 2022 at 6:28 am

    Boe,
    I want to let you know that Mi Pulpes owner Marco Villar as well as all others involved committed fraud against myself, my company, and several other finance firms in the US. They were taking out debt under the old company and purposely defaulting on it. This will be grounds for criminal charges.

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Emerging Markets

Is today’s surge in MMTec Inc (NASDAQ: MTC) justified ?

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MMTec, Inc. (NASDAQ: MTC) ended the day at $2.0700 with a gain of $0.5800 (+38.93%). The stock prices fluctuated between $1.4000 - $2.5299, with more than 2.98M shares exchanging hands.

MMTec, Inc. (NASDAQ: MTC) ended the day at $2.0700 with a gain of $0.5800 (+38.93%). The stock prices fluctuated between $1.4000 – $2.5299, with more than 2.98M shares exchanging hands.

So why did MTC surge today ?

The failure of Silicon Valley Bank led to a sell-off in equities and a shift to safe-haven assets, such as US Treasuries and gold. Markets have calmed down somewhat, and the worst of the equity sell-off seems to be over. However, the market anticipates that the markets will be somewhat uneasy until a better understanding of inflation is reached and what the Federal Reserve will do next week.

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Despite most investors currently avoiding the banking sector, Wall Street sees potential opportunities, particularly in regional banks. The chaos in the market has created opportunities in the industry and several banking stocks are being punished just for being a banking stock. The collapse of Silicon Valley Bank was due to its specialisation in venture-capital financing, which made it vulnerable to the higher interest rate regime of the past 12 months.

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Therfore, today’s gains in MTC seems to be more a sympathy bounce considering the overall banking sector. Earlier in March, MMTEC, Inc. (Nasdaq: MTC) declared that it will relocate its operations from Beijing to the Hong Kong Special Administrative Region, effective March 6, 2023. The Company’s subsidiary, MM Future Technology Limited, which is a Hong Kong incorporated limited company, will assume all operations previously conducted by its subsidiary, Gujia (Beijing) Technology Co., Ltd. However, Gujia will continue to carry out specific technical research and development functions. Further, the Company, through its subsidiary HC Securities (HK) Limited, and other entities, will continue to invest its human resources in asset management and securities underwriting, and other related businesses, aiming to attract global funds to invest in the Chinese market and support China’s economic growth. The Company’s new operations headquarters is located at Room 2302, 23rd Floor, FWD Financial Center, 308 Des Voeux Road Central, Sheung Wan, Hong Kong.

We will be updating on MTC when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with MTC.

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Disclosure: We have no position in MTC and have not been compensated for this article.

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Emerging Markets

Cazoo Group Ltd (CZOO) is one stock that Wall Street could be talking for day to come

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Cazoo Group Ltd (NASDAQ: CZOO) last traded at $2.62, a gain of +0.6400 (+32.32%). More than 5M shares exchanged hands compared to an average daily volume of 228K shares. Considering that the 52 week high of CZOO is more than 65$, there seems to be a lot of room to the upside.

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Why did CZOO surge last week? Welcome to the Carvana of the UK!

Cazoo, a publicly traded company (NYSE: CZOO), was founded in 2018 by serial entrepreneur Alex Chesterman OBE. The company’s mission is to revolutionize the UK’s car buying and selling experience by offering consumers better selection, value, transparency, convenience, and peace of mind. Cazoo’s goal is to make the car buying or selling process as simple as purchasing any other product online. The company enables customers to buy, sell, or finance a car entirely online, with delivery or collection available in as little as 72 hours.

Recently, Cazoo Group Ltd, the UK’s leading online car retailer, updated its business performance and progress with the restructuring announced in January. The CEO, Alex Chesterman, expressed satisfaction with the progress made so far in 2023, despite the challenging economic environment. The company has taken swift and decisive management action to restructure the group, improve unit economics, and reduce fixed costs. The rightsizing of headcount and operational footprint is well underway, and the company expects to complete the restructuring before the end of Q1 2023. The company has seen significant improvement in its GPU, with retail GPU tracking at approximately £900, up from £600 in Q4 2022. Cazoo has sold over 100,000 cars entirely online in the UK in the three years since its launch. The company remains fully focused on driving higher profitability and has appointed Jonathan Dunkley as Chief Operating Officer. Cazoo’s cash reserves remain strong, and the company expects to achieve profitability without external funding until H2 2024. The company expects to end 2023 with over £100m of cash and cash equivalents on its balance sheet and sell 40,000-50,000 UK retail units in the current year.

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The online car market in the UK has been growing rapidly in recent years, driven by increasing consumer demand for convenience and transparency in the car buying process. Online car retailers such as Cazoo, Carzam, and Cinch have emerged as major players in the market, offering a wide selection of used cars for sale online with home delivery or pickup options. These companies use advanced technology to provide customers with a seamless buying experience, including virtual vehicle inspections, transparent pricing, and easy financing options. The COVID-19 pandemic has further accelerated the shift towards online car buying as consumers seek to avoid in-person interactions and dealerships adapt to new ways of doing business.

So if CZOO learns from Carvana’s mistake, there is little to no doubt that CZOO could be the talk of the town in days to come. We will be updating on CZOO when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with CZOO.

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Emerging Markets

Ocean Biomedical Stock Surge could just be getting started and here’s why

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Shares of Ocean Biomedical (NASDAQ:OCEA) surged more than 100% on Thursday, following a talk by the company’s scientific co-founder, Dr. Jack A. Elias, at Brown University’s Legorreta Cancer Center. The preclinical-stage biotech, which went public on the NASDAQ on February 15, focuses on developing novel treatments for deadly diseases, including malaria, multiple cancers, and pulmonary fibrosis.

During the talk, Dr. Elias presented exciting details about potential therapies to suppress tumors in various cancers, focusing on the company’s work in understanding the role of the protein Chitinase 3-like-1 (CHI3LI) in the progression of lung cancer. He also discussed his discoveries on how certain monospecific and bispecific antibodies can be used as therapies to treat non-small cell lung cancer (NSCLC) and glioblastoma multiforme (GBM). The company aims to expedite these findings into phase 1 trials.

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The excitement over this preliminary news stems from the large target groups for both diseases. According to Cancer.net statistics, NSCLC is the leading cause of cancer death and the second-most diagnosed cancer in the US, affecting around 236,740 people. GBM is the most common primary brain tumor in adults, with an average survival period of just 15 months and no cure.

The recent surge in Ocean Biomedical’s shares also comes on the heels of an announcement on February 28 that co-founder Dr. Jonathan Kurtis had been awarded a patent for the discovery of the third parasite target PfCDPK-5. This target has the potential to be used to halt the malaria parasite in various stages of its cycle, opening up new possibilities for treating this deadly disease.

Ocean Biomedical’s focus on developing novel treatments for deadly diseases and its recent exciting findings have generated significant investor interest. However, it is important to note that investing in preclinical-stage biotech companies carries a high level of risk. There is no guarantee that these discoveries will translate into effective treatments or that the company will receive regulatory approval.

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Nevertheless, the positive developments from Ocean Biomedical are a significant milestone and hold great promise for patients suffering from deadly diseases such as cancer and malaria. If the company’s discoveries prove successful in further clinical trials, they could potentially generate significant revenue and transform the standard of care for these diseases. We will be updating on OCEA when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with OCEA.

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Disclosure: we hold no position in OCEA, either long or short, and we have not been compensated for this article

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