Infrax Systems Inc.(OTC: IFXY) is a brand incubator that aims to build a portfolio of product microbrands – to develop new sales channels and increase revenues. While IFXY stock lost some of its momentum, many investors remain bullish on the company’s potential given its expected acquisitions which could send the stock on a run after its first announcement.
IFXY Stock News
Last January, many investors became excited after IFXY revealed its plans to make additions to its board of directors. At the same time, the company promised its investors that it will introduce the company’s plans over the next few weeks.
In light of this, the company announced that it has reached an agreement to bring in a new member for its board of directors. However, many investors are eagerly anticipating an update regarding the company’s promise to add new assets and revenues to the balance sheet.
On that note, IFXY shared that it is naming its new president soon – who is expected to bring a number of his existing companies under IFXY’s umbrella. While the new president is still unknown, many investors are anticipating his appointment will bring significant value to the company in terms of assets and revenues.
As promised, IFXY announced it would be finalizing an acquisition on March 10th and while details regarding the acquisition have yet to be revealed – an update from IFXY confirmed that it has submitted an update to the OTC for its change of control. Its new president and acquisition targets are expected to be announced following this update through a press release.
But what has attracted most investors’ attention is the company’s announcement that “revenues for the first company coming in easily surpass our current market cap”. At the time, the market cap was $18 million which means the reverse merger target is expected to have over $18 million in revenues. As a result, many investors are bullish on the potential of IFXY stock as the reverse merger will make the company undervalued at its current PPS.
Of Pineda’s companies, Mi Pulpe is the most profitable. As a US distributor of food and beverage products, Mi Pulpe imports popular products from Central America and offers them at a competitive price to consumers in the US. Given that the company is mainly catering to the growing Latin American population, Mi Pulpe has been extremely profitable – generating revenues of $22 million in 2021.
However, Pineda founded another successful business – Movitext – which could be a promising candidate as well. An A2P SMS aggregator, Movitext specializes in mobile marketing throughout Central America providing easy to integrate, bulk, 2-way communication for clients. With an impressive portfolio of partners including Hyundai, Honda, and Mountain Dew, many investors are bullish on the upside potential of IFXY stock under Pineda’s management.
While either of these companies would be impressive candidates, many investors are speculating that IFXY’s first acquisition will be Pineda’s Reme Enterprises platform – Toditito. Through Reme, Pineda is developing a web-based platform for Central Americans living in the US, Canada, and Europe which allows them to buy products and services for their families back home. Considering that remittances are very common and are only expected to grow after reaching $57.8 billion in 2019, this platform could fill a gap in the market.
By using Toditito, immigrants are able to ensure that these remittances are spent the way they envision by purchasing products, paying for housing, and providing auto repairs directly through their phone. Instead of charging immigrants or their families for this service, Toditito will receive 5% of the purchase price of any product or service from the vendors and service providers who will benefit from the added demand from customers abroad.
To develop this platform, Pineda is using the experience he gained from working at Moove for 10 years. During his tenure there, he helped the platform process billions of payments and transactions and hopes to apply his skillset to developing Toditito. Given its one of a kind services, Toditito has the potential to achieve Pineda’s vision of $83 million in revenues within 5 years.
Now, IFXY has investors at the edge of their seats with promises that announcements are coming soon. Many investors are bullish that if IFXY acquires Toditito – it could send IFXY stock to new highs.
@MattRiv2 is anticipating a PR this week which could send IFXY stock on a run.
The OTC detective @PikachOTC is watching IFXY’s chart for a breakout soon
IFXY stock is currently trading in a channel between its main support at .0042 and its resistance near .005. IFXY stock is also showing a secondary support at .0037. Trading near its support at $.0043, anticipation brewing over the company’s upcoming acquisitions has caused the stock’s accumulation to hold steady overall. Meanwhile, the MACD is bearish and the RSI is at 40.
Despite the bullish market sentiment surrounding IFXY stock after appointing Pineda, the stock has lost some steam as investors wait for the acquisition announcement. Considering that the RSI is quite low and the stock is trading near its support, bullish investors could find a good entry point ahead of the company’s announcement.
IFXY Stock Forecast
With a market cap of $24.8 million, the acquisition of any one of Pineda’s companies could add a stable revenue stream that would make IFXY stock potentially undervalued at these levels. Once an announcement is made, the company could see significant financial growth and IFXY stock will likely run on the news. As these catalysts play out under Pineda’s leadership, IFXY stock could be one to keep on investors’ watchlists this year.
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