International Frontier Resources Corp V.IFR

Typical reaction

[jeep91]

Lipstick on a pig.....nothing in the fundamentals of this company have changed.  Don't know why these fools do this.  Just give traders a better opportunity to beat it down.
Some spectatular will have to happen to keep this from retreating back to square one ( .005c )

[kegman]

Has to be above .05 to do a financing I believe.  Obviously they have something on the horizon.  

[robert41]

Keg I'm down to 50k shares after the roll back  I'm sure you have more i think more than half the new float is in safer hands. This may turn out after all. Fingers crossed

[kegman]

If a block is available I would be interested.  

[robert41]

I think any larger blocks if any likely won't be sold until after a financing, price should be higher and the stock will be a little more liquid. Those with the bigger blocks may sell them take down some of the financing and use the sale of old shares as tax loss and to buy into the financing....just guessing but makes some sense I think

[jeep91]

There's only amonth a a couple of days to do tax loss selling.....we shall see where this ends up shortly after Christmas.

[robert41]

With only 15 million shares out I doubt what you are suggesting will happen. After an honest attempt to do business in Mexico I would think mgmt will stay in the US or Canada for the next project. Be thankful they are re organizing to fight another day. Hard to buy a decent position now as there's no sellers we'll see if any dump their last shares for tax loss. I suspect this gets cleaned

[jeep91]

Let's hope so....trying to develop projects in countries with poor business standards....corruption, and general lack of financial responsibility may be OK for well established giants but for little guys like IFR they will always be at a disadvantage.   TUF ( precious metals--not oil and gas )  found that out with their foray into Chile  ...absolutely dimb move to set up in