November looks like it will be an interesting month for INPX. The current trend points to a potential convergence of a golden cross in the middle of the month. Whether or not it plays out is a different story. The lines appear far apart, but given the price action of INPX this would not be an unwarranted move at the end of the year especially if Q3 earnings show some semblance of positive movement.
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Looks like this is progressing nicely, If this pump is able to sustain traction we will be on track to some some major upward momentum by mid November.
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This is moving almost in lock step with the golden cross timeline, I'm long on INPX I see a future for their products and their balance sheet.
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On Friday they released the plan for the annual meeting which will include a vote on a reverse split between 2 for 1 and 50 for 1 shares to bring the price above a dollar to be in compliance with NSADAQ listing reqs. This is a little disappointing because it's now putting the clamp down on the the trade timeline for moving profits.
If the price goes above a dollar by nov 16th then the reverse split wouldn't be necessary, but if the price is not above a dollar then the vote would give preference to a reverse split that would be in the previously mentioned range to put the price over one dollar.
If the price goes above a dollar by nov 16th then the reverse split wouldn't be necessary, but if the price is not above a dollar then the vote would give preference to a reverse split that would be in the previously mentioned range to put the price over one dollar.