web analytics
23.7 C
Munich
Wednesday, June 29, 2022

Stock in Focus: IFAN Financial Inc (OTCBB:IFAN)

IFAN Financial Inc (OTCBB:IFAN) is exploding upwards on accelerating volume. Since hitting the bb’s in November IFAN has been on fire recently topping out at $0.62 before a recent bear trade decimated the price to the mid $0.30’s.

IFAN has come back like a rock start and the fast growing volume and move towards previous highs suggests this one is very much alive and ready for more.

IFAN is a multi-million dollar promotion with a 15 page glossy hard mailer and a landing page at ifanreport.com which reports the compensation as: Mintefor Investments LTD paid three million and five hundred thousand dollars ($3.5 million) to marketing vendors to pay for all the costs of creating and distributing this Advertisement.

IFAN Financial Inc (OTCBB:IFAN) and its wholly owned subsidiaries design, develop, and distribute software to enable mobile payments. These include the ability to use a debit card and corresponding PIN number while purchasing online on a mobile phone, tablet, or computer. Using a PIN online does not send the user’s debit card data to the merchant, thus protecting the user’s information. Another product is Quidme, a platform being developed to enable peer-to-peer mobile payments using a smartphone or the text function of a standard phone.

The promo landing page states: ‘My name is Don McShane. I’m an investment analyst and stock picker who specializes in undiscovered tech stocks. IFAN eliminates entirely the need for using credit card numbers… making it impossible for thieves and fraudsters to steal your information.

To Find out the inside Scoop on IFAN Subscribe to Microcapdaily.com Right Now by entering your Email in the box below

Don McShane. goes on to say ‘I can’t remember the last time I encountered an investment opportunity with so much upside potential and such limited down side risk. IFAN could single-handedly save the $1.2 trillion e-Commerce industry… and make early investors a fortune virtually overnight. It has the potential for becoming the next Paypal. And just as Paypal was bought within months of its IPO, I believe this company could very well be bought out as well. –

According to the 10q the Company filed in July they have $0 cash on hand, mounting short term debt and no revenues to date.

On May 15, 2014, the Company entered into a two (2) year License Agreement (the “License Agreement”) with IPIN Debit Network, Inc., a New Brunswick, Canada corporation (“IPIN”) for the former’s use and distribution of IPIN’s technology, systems and products in the nature of electronic payments processing and its United States Letters Patents. After the two (2) year period, the License Agreement shall be automatically renewable for successive one (1) year periods for an additional ten (10) years provided that IPIN has received a minimum of Five Million ($5,000,000) dollars in Royalty payments for each of the three (3) through twelve (12) successive years from the signing of the License Agreement.

On June 6, 2014, the Company signed the share exchange agreement (“Agreement”) with MobiCash America, Inc. D/B/A Quidme. The Company will acquire 100% of the issued and outstanding securities of QUIDME in exchange for the issuance of 43,000,000 shares of IFAN common stock, par value $.001 per share. The Company will fund $500,000 to support the continued development and commercialization of QUIDME’s technology.   The Agreement is to be completed contingent on the financial audit of MobiCash America, Inc.

We have a Monster Pick Coming. Subscribe Right Now!

Conclusion: IFAN recently made an explosive move up on significant volume from its $0.20 base to highs of $0.62. Since then IFAN has dropped and investors are hoping it can reverse and overtake its previous highs.

If the $3.5 million promotion is any indication the changes for a 2nd leg up on IFAN are excellent. Currently trading at a $30 million market valuation IFAN is priced to run and could go far considering the promotional budget; short term IFAN could easily reverse and move higher, long term FIAN lacks any real fundamentals and could drop big once the promo dollars run dry.

WAIT! Do You Want Stocks That Could Go Up 348% In Days Delivered To Your Inbox For FREE?

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

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

Sign up now for our 100% FREE Penny Stock Newsletter

Privacy Policy. we will never share your email with anyone.