{"id":4997,"date":"2014-10-24T13:14:17","date_gmt":"2014-10-24T13:14:17","guid":{"rendered":"\/?p=4997"},"modified":"2014-10-24T13:14:45","modified_gmt":"2014-10-24T13:14:45","slug":"a-paper-mailer-pump-pushes-ifan-financial-inc-otcbbifan-further-up","status":"publish","type":"post","link":"\/articles\/a-paper-mailer-pump-pushes-ifan-financial-inc-otcbbifan-further-up\/","title":{"rendered":"A Paper Mailer Pump Pushes IFAN Financial Inc (OTCBB:IFAN) Further up"},"content":{"rendered":"\n

A couple of months ago, IFAN<\/a> Financial Inc (OTCBB:IFAN<\/a>) went through some changes. There was a reverse merger, the name was changed, and there was a 140 for 1 stock split. The company ditched the idea of producing a clothing line for children made entirely of organic materials and said that instead, it’s going to produce devices that will enable convenient, affordable, and, most importantly, safe electronic transactions.<\/p>\n

Spending money through your mobile phone is not something our society is completely used to at the moment which means that if IFAN<\/a><\/strong> want to draw a large number of customers, they’ll need to prove to everybody that they are a credible company. Unfortunately, they might have some problems with this. <\/p>\n

Let’s start with the address of their corporate headquarters. Basically, it’s a UPS store. It’s hardly the most confidence inspiring location for the principal offices of a publicly traded company whose market cap stands at around $44 million.<\/p>\n

Then we come to the people running the whole show. IFAN<\/a><\/strong>‘s CEO, J. Christopher Mizer was once at the helm of Bio Matrix Scientific Group Inc (OTCMKTS:BMSN<\/a>). While he was there, his company went through more than a few paid pumps. Numerous promotional outfits have tried to convince investors that the ticker is going to make them very rich, but the truth is that right now, BMSN<\/a><\/strong> is nothing more than a heavily diluted double-zero stock that has a rather appalling 10-Q.<\/p>\n

Speaking of 10-Q’s, the figures presented by BMSN<\/a><\/strong> are pretty horrific, but they’re still more solid than what IFAN<\/a><\/strong> has to show us. Here’s what Mobicash America Inc (IFAN<\/a><\/strong>‘s subsidiary dealing with the secure online transactions) had on August 31:<\/p>\n