Infrax Systems Inc (IFXY)

[theDolphin]

"Per the notice, subsequent to the execution of the Purchase Agreement for the acquisition of Mi Pulpe, Mi Pulpe was provided with notice of certain unfulfilled financial obligations constituting a material adverse event.

The existence of these obligations was not disclosed to IFXY management prior to the execution of the Purchase Agreement. Mi Pulpe's current situation is a material adverse event as described in the Purchase Agreement. As a result, IFXY has informed Mi Pulpe that it is terminating the Purchase Agreement and rescinding its acquisition of Mi Pulpe."

Cooley needs to disclose some material $IFXY facts around here or will face adverse events. Show the rabbit up your sleeve, as this slow acquisition only to be rescinded at the 11th hour before filings STINKS