Integrated Freight Corp (fka IFCR)

[eddy2]

The original offering was sold out. What we are buying is the oversupply from the first offering set at the new par. Apples and oranges my friend you got to know what your buying. They will use the proceeds to purchase something or expand on what they already bought. Chances are it will be used to underwrite another offering using the previous purchase as well.

Hang in there. This company is growth by equity and debt or credit if you like to call it that. Remember that in any BK. that equity is paid out before the underwriters but underwriters have the opportunity to repurchase the debt forwarding the proceeds to the debt holders as equity if accepted. If not another round of fininacing will be carried out. "Restructuring "