Integrated Freight Corp (fka IFCR)

[eddy2]

Interesting that the DME program has been mentioned. From my understanding there was a carbon tax credit allowed if the older trucks where fitted with tanks ect. This tax credit was allowed to be sold on approval by the SEC to the public. The thing is and don’t ask me how many of the trailers were fitted with extended tanks with the money raised by the carbon credit that was to be used too outfit the older trucks not the trailers.

So in the wisdom of management they were going to purchase new trucks where the carbon credit was included in the price of the new truck off setting the increase depreciation of the old trucks by out fitting the trailers with exstended tanks.

Now there is I believe 1/6 of the cargo space is lost with exstended tanks being incorporated in some of the trailers. A 1/4 in gross weight is lost due to these tanks. Now true the trailers that have been fitted are more geared toward bulk cargo then having a weight concern.

Anyhow the controversial out come of all this is the selling of equity on installing it on trailers and not refitting the older trucks. The other is that purchasing a new truck you can take the tax credit and pre sell it to the public
before the excepting of the new truck. This has left a nother loop hole where new truck orders are being cancelled but how does one get back the tax credit that was sold in both cases back from the public without diluting shareholders.

Well to make it fare as possible you forward split the shares add more debt “ future revenue” selling more equity along with additional forward splitting of the shares then hit every one with a huge share reversal along with a fractional share hit to the new investors protecting the old. The outcome is that everyone takes the same hit

This is often as we all know to be a restructuring of the outstanding shares.

Remember that in these outcomes only time can’t be adjusted so that is where the difference of the old and new investors difference lie.

Now there is the argument that the program maybe only partly implemented and there is the goverment wanting there tax credit back ie: treasury stock.

We already have a hit to the revenue because of the company being unable to take advantage of tax credits allowed them. This is at the moment a time extension that a private placement could resolve but in those private deals the monies gain are often rewarded back only to those individuals “ credited investors”.


I hope this sheds some light. Phone up the management, can’t say if they will say anything. Ask around this is only an opinion I have of what I gained walking the street and snooping around. These cats are not the only ones who tried to take advantage of the DME program set in place.

I would first my self look into the DME program and its tax implications cause I haven’t been able to find anything on it. So again on the street rumors unless one can back it up.

Good hunting and pecking out there guys and girls.