MO...once the FINRA process is complete IFXY will
Post# of 637
(Total Views: 283)
Posted On: 03/28/2018 10:52:11 AM
MO...once the FINRA process is complete IFXY will retire the additional AS. This is what they have stated and over the last 4 months since I have been following IFXY, they have delivered on every claim and promise they have made. Some are quick to attack them when they do not achieve their milestones within a perceived timeframe, but, nevertheless, they ALWAYS have delivered. From Jan. 9...
Cryptocorp, [09.01.18 09:20]
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.
#knowwhatyouown
Cryptocorp, [09.01.18 09:20]
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.
#knowwhatyouown
(3)
(0)