Infrax Systems Inc (IFXY)

[BluE33]

This is their response on the Telegram Cryptocorp Group Chat

For your information, this week we had to increase the authorized common shares of the company so we could process the FINRA corporate action for the merger and the name change. Prior to that all the common shares, 90% of common shares, were in the float so the merger could not be possible since the company would need majority common to process the merger with FINRA. This was the main delay. After the merger is done, we will retire most of the authorized. Meanwhile, for those not familiar with SEC Rule 144, insiders basic hold for IFXY would be a min 1 year and max 1% of Holdings every quarter thereafter. So for this purpose, the increase of authorized is really meaningless since there exist no exemptions for anyone to free up the shares. I personally hold little shares.

We want to be as transparent as possible. We rather you get your information from us than from others ignorant of the rules.

Also dealing with OTC market is sometimes frustrating but needed. We just found out yesterday that we had to upload two more docs which we will do so today. This week we should be current Pink.