IFAN Financial Inc (OTCBB:IFAN) Goes Up Another Notch

It’s been a while since the SEC last suspended a promoted penny stock company. In fact, the last pumped ticker to go to the Grey Market was Nudg Media Inc (OTCMKTS:NDDG) and since then, the regulatory organs have nonchalantly let more than a few promotional campaigns run undisturbed. The $3.5 million pump for IFAN Financial Inc (OTCBB:IFAN) is one of them.

It’s been running for the better part of two months, and probably because of the SEC’s reluctance to step in, the pumpers are freely putting their enormous budget to use. Even though the hard mailer brochures started flying around at the beginning of October, there are still some people around the message boards saying that they are receiving new copies.

And this, in turn, is supporting the stock at over $0.60 per share. In fact, IFAN‘s performance is rather admirable. On Tuesday, it hit a new 52-week high of $0.64 and although it later finished the session in the red, it managed to recover all the losses with a 3.3% jump yesterday. It’s currently sitting at just under $0.63 per share.

IFAN has truly been one of the more consistent stocks on the OTC Markets over the last few weeks, and, of course, there’s nothing wrong with that. In fact, we’re pretty sure that if the pump runs for a little longer, a lot of people will be happy.

The ones who know that IFAN is nothing more than a pump play, for example, are probably smiling because they are taking advantage of the hype and are making some quick, profitable trades.

They, however, are the small fish. If one is to bag some truly significant gains on the $3.5 million promotion, one needs to be in possession of a huge amount of discounted IFAN stock. And as we mentioned in our previous articles as well as in our video coverage, there are people who do.

During the nine months ended May 2013, some unnamed investors bought a total of 214 thousand shares at just $0.025 a piece. Then, the company decided to effectuate a massive 140-for-1 stock split which means that immediately after it, the unnamed investors owned 29,260,000 shares of IFAN common stock for which they paid just $5,350.

Imagine for a moment that you are one of those unnamed investors. You’ve paid next to nothing for a lorry load of IFAN shares. The ticker is pumped and it’s flying high. It’s difficult to judge whether the company is actually going to make it because you don’t know whether their product is on the market.

Will you hang on to your shares and wait for organic growth, or will you simply sell into the hype and walk away with millions of dollars in profits?

The answer to that question should help you reach your final decision on IFAN.