InferX Corp. (fka NFRX)

[stervc]

Mkinhaw, to answer that IFRX question...

With IFRX, I ordered and paid for a copy of their REGDEX through Thomson Reuters Research Services. They scan the documents for the SEC. One can reach them at 1-800-638-8241 to have them email you the document in PDF format. It costs $30 and it takes about one hour for it to arrive.

It is not a 504 placement for shares to be dumped. It's always good to make sure though as usually when a REGDEX is filed, it’s a 504 for a company to dump $1 million worth of shares within a 12 month period. Instead, it’s a 506 REGDEX filed for a private offering for five Accredited Investors and three Non-accredited Investors (8 total) to purchase warrants to buy $250,000 worth of common shares. According to the SEC rules, these shares will be restricted for at least one year:
http://www.sec.gov/answers/rule506.htm
…” Purchasers receive "restricted" securities, meaning that the securities cannot be sold for at least a year without registering them. …

From looking through their 8-K filed below on 31 Jul 08, it looks like the price they will be allowed to exercise their warrants to purchase these shares is at the .02 share price:
http://knobias.10kwizard.com/filing.php?param=&ipage=5802506&DSEQ=1&SEQ=&SQDESC=SECTION_BODY&exp

The REGDEX was nothing more than a very vague repeat of what was in the 8-K above. I'm thinking that the REGDEX was done also to show a change in the amount of investors going from a total of six investors to a total of eight investors. Also, since IFRX is an OTCBB stock and not a pink sheets stock, they probably also filed it to abide by SEC rules for such an offering to private investors to purchase shares as explained in the SEC link above too.

The way I see it, these investors that are involved to execute the warrants to purchase these shares at .02 per share must know something to where .02 per share is considered buying shares at a discount and not at a premium.

I think IFRX is greatly undervalued here at these levels from looking at the video. This is a must listen demonstration of how the technology of IFRX works. It builds to a climax on elaborating on its importance to the world and explains why more than just their current customers being the DOD, IRS, Lockheed Martin, Northrop Grumman, the US Air Force, and the US Navy will continue to have a serious need for their technology:
http://www.inferx.com/trojan.htm

Solid INFR Slideshow:
http://www.cit.org/pdfs/events/08-19-03-inferx.pdf

IFRX Website:
http://www.inferx.com/

Key News

InferX Corporation Approved as Subcontractor on U.S. Navy SeaPort-e Contract
Marketwire (Tue, Oct 7)
http://biz.yahoo.com/iw/081007/0440802.html

InferX Corporation Receives Approval for Its Patent Application on Knowledge Inferencing and Data Visualization Method and System
Marketwire (Tue, Jul 8)
http://biz.yahoo.com/iw/080708/0413865.html

InferX Corporation Awarded Patent for Distributed Data Mining and Compression Method and System
Marketwire (Wed, Jan 2)
http://biz.yahoo.com/iw/080102/0343106.html

Share Structure:
OS 15.3M as of 13 Nov 08
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=33545392

Insiders and Funds own approximately 10,043,397 shares per 10K:
http://knobias.10kwizard.com/filing.php?param=&ipage=5599253&DSEQ=1&SEQ=&SQDESC=SECTION_BODY&exp

Transfer Agent
Corporate Stock Transfer, Inc.
3200 Cherry Creek Drive South
Denver, CO 80209
1-303-282-4800

http://www.inferx.com/customers.htm
Over the last decade, InferX has matured next generation predictive analytics technology products for military and government agencies and large system integrators, InferX has been privileged to work with vital military and civil ian agencies, as well as the country's most prestigious corporations.

Here is a sample of InferX valued clients:
** United States Coast Guard (Now a component of Department of Homeland Security)
** Department of the Air Force (Air Force Research Laboratory)
** Department of the Navy
** Internal Revenue Service
** Missile Defense Agency
** Lockheed Martin Corporation
** Northrop Grumman Corporation
** George Mason University

We have enjoyed long and productive relationship with all of our clients, most notably with the Missile Defense Agency, with whom we continue to develop unique software solutions in support of America's Ballistic Missile Defense Systems.

v/r
Sterling