Folks wondering about $IFXY SS please read this: t
Post# of 637
(Total Views: 337)
Posted On: 03/27/2018 3:07:17 PM
Folks wondering about $IFXY SS please read this: the majority shares are restricted folks!!!! NO DILUTION POSSIBLE
https://www.otcmarkets.com/stock/IFXY/security
From Jan 9th on Telegram Cryptochat broadcast room:
https://t.me/realcryptocorp
Cryptocorp
For your information, this week we had to increase the authorized common shares of the company so we could process the FINRA corporate action for the merger and the name change. Prior to that all the common shares, 90% of common shares, were in the float so the merger could not be possible since the company would need majority common to process the merger with FINRA. This was the main delay. After the merger is done, we will retire most of the authorized. Meanwhile, for those not familiar with SEC Rule 144, insiders basic hold for IFXY would be a min 1 year and max 1% of Holdings every quarter thereafter. So for this purpose, the increase of authorized is really meaningless since there exist no exemptions for anyone to free up the shares. I personally hold little shares.
FROM Feb 15th!!
Cryptocorp
Secondly I wanted to clarify two things this morning: there will be no toxic financing as I have mention few times prior. We see the damage it causes and really we are in no need of it. Also for those that don’t know much about Rule 144, any newly issued shares to anyone or to me has a min 1 year hold period with very strict limitations including 1% of the outstanding shares every 90 days. So there will be no internal forces to dilute the stock. We have a great plan that if successful, could change the face of the industry for years to come.
https://www.otcmarkets.com/stock/IFXY/security
From Jan 9th on Telegram Cryptochat broadcast room:
https://t.me/realcryptocorp
Cryptocorp
For your information, this week we had to increase the authorized common shares of the company so we could process the FINRA corporate action for the merger and the name change. Prior to that all the common shares, 90% of common shares, were in the float so the merger could not be possible since the company would need majority common to process the merger with FINRA. This was the main delay. After the merger is done, we will retire most of the authorized. Meanwhile, for those not familiar with SEC Rule 144, insiders basic hold for IFXY would be a min 1 year and max 1% of Holdings every quarter thereafter. So for this purpose, the increase of authorized is really meaningless since there exist no exemptions for anyone to free up the shares. I personally hold little shares.
FROM Feb 15th!!
Cryptocorp
Secondly I wanted to clarify two things this morning: there will be no toxic financing as I have mention few times prior. We see the damage it causes and really we are in no need of it. Also for those that don’t know much about Rule 144, any newly issued shares to anyone or to me has a min 1 year hold period with very strict limitations including 1% of the outstanding shares every 90 days. So there will be no internal forces to dilute the stock. We have a great plan that if successful, could change the face of the industry for years to come.
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