Infrax Systems Inc (IFXY)

[goldpenny7]

IFXY went 'DARK'. Meaning it does not have to report financial reports.

Sometimes companies do not do this because they are in negotiations that they do not want to make public.

Other times PINK SHEET/OTC companies do this is because they want shareholders to BELIEVE (Keep them in the Dark) that they are in a better situation than they actually are in financially - Basically a STALL maneuver - so they don't have to file financial statements that could hurt their current or future stock PPS.

My personal opinion is that usually when a company takes a huge financial hit year-to-year, they often 'GO DARK'. To this day, I cannot imagine why the SEC allows a company to go 'DARK'. It just hurts the poor individual 'unsuspecting investor via a financial status blackout. To me this rule is Un-American (unfair to poor unsuspecting investors).

Deregister its common stock was based on the consideration of numerous factors, including the large costs of preparing and filing periodic reports with the SEC, the increased outside accounting, audit, legal and other costs and expenses associated with being a public company, the burdens placed on Company management to comply with reporting requirements, and the low trading volume in the Company’s common stock. Deregistration will allow the Company to allocate its resources into further developing its business plan and its product line.