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Integrated Freight Corp IFCR
Posted On: 11/20/2016 1:33:59 AM
Post# of 1873
Posted By: NYDownSouth
Re: g&l #1797
With respect to your last sentence quoted above, the number of pre and post-split record holders is set forth in the Preliminary Information Statement. Before the reverse, the number is 586. After the reverse, the number is ninety-three. The Registrant's board has under consideration a change in the reverse split factor to 1:10 from 1:1000, but the number of resulting record holders will only increase to 124 from ninety-three because so many of the current record holders have less than ten shares.


If they RS 1:10, we'd only have 124 shareholders and would shake out the 462 that have less than 10 shares. I think this would be our 'best of the worst' situations.













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