Infrax Systems Inc (IFXY)

[Jerry70]

IFXY. Bar Charts opinions are from the Market as a wholes opinion and the Market knows just like any trader that has traded the OTC knows that a R/S is the worse thing that can happen to any OTC Stock and there is never a way to put a good spin on a R/S because it will wipe a invester out as soon as it goes into effect and thats where IFXY is right now just waiting on FINRA to approve it and IFXY is down over 52% in the past 2 trading days. IFXY

The Company's financial statements are prepared using the generally accepted accounting principles applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. At March 31, 2018 and June 30, 2017, the Company had $63 and $63 in cash, respectively, and $1,591,985 and $532,701 in negative working capital, respectively. For the nine months ended March31, 2018 and June 30, 2017, the Company had a net loss of $1,120,379 & $35,246. Continued losses may adversely affect the liquidity of the Company in the future. In view of the matters described in the preceding paragraph, recover ability of a major portion of the recorded asset amounts shown in the accompany ing balance sheet is dependent upon continued operations of the Company, which in turn is dependent upon the Company's ability to raise additional capital, obtain financing and to succeed in its future operations.

https://www.barchart.com/stocks/quotes/IFXY/opinion