Integrated Freight Corp (fka IFCR)

[eddy2]

There are two sets of circumstances that allow a company out of a financial filling obligation. One is a chapter 11 the other is a chapter 7. They are very different in that a chapter 11 is a reorganization due to a 10% positive contractual obligation requirement that is set and met by the SEC. The other is were obligations are short of the set contractual obligations set by the SEC.

Let's look at the first one your chapter 11. You have four crucial accounts. Your trust account for your depreciation of assets. You have the receivables, payables that is all contractual payments required to be paid in or before the quarter is up. This is also true of the receivables.

Now you can rob from Paul to pay Peter and so on.

It has been talked about how one group of equity holders will hold the collateral while the other holds the shareholders debt leaving paid in capital going to the said above accounts. This does not take away the payment to the equity holder who holds the collateral for the debt obligation to the former group of shareholders or the ten percent positive contractual obligation to the above mentioned accounts to eleaveate the required financial filing required outside of a chapter 11filling should the company meet the chapter 11 filing requirements.

Because a chapter 11 is a positive action from the company it does not require a significant event filling but does require that final all very important over view financial filling.

It is the chapter 11 final financial filling that often sets of a dead cat bounce by the pros that hold cash out side a institutional strong hold " off the books financials " .


I hope this info helps others out. Do your own DD and study your SEC rulings in meeting chapter 11 requirements to not have to report financials due to contractual obligations meeting or exceeding the ten percent puplic chapter 11 requirements to be a none filer.