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Saturday, October 20, 2007 5:49:11 PM
They did sell 7B shares to produce cash while they were airing TV ads and launching product.
What their intentions for doing this is still a question for you to answer, but the facts are not disputable.
What is known is this group has no hesitation about selling shares at any price. There has been no coordinated effort to manage the share structure to maximize the financing opportunities while minimizing dilution. They could have done this, but the obvious willingness to sell shares at any price is now well documented.
It does seems improbable they would turn around and buy back those shares now.
A PR saying a buy back would be one strategy deployed to create buzz, but it is not a commitment. If they say they intend to do so and you do not see a quarter billion in volume a day for a sustained period then it would mostly be a statement to excite people, but not necessarily a pledge they have to keep.
And what happens regarding a RS each shareholder can track for themselves. Save this link:
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/corpActions.aspx?lx8nvq=RuCEchA3v4oMUTOInQpJbA%253d%253d&CorpName=IFINIX+CORPORATION
Click on it every day. If they have filed for a reverse split then nobody will need my interpretation. Then it will be every man for themselves and whomever knows first before they PR a surprise RS (or no PR, just a change in your position and share price may be all the notice you get the morning it becomes effective) will be the person who can exit at 1 before the stock becomes worth even less post-split.
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