My notes from the presentation:
There was a flurry of numbers intended to clarify the recent quarterly reports. This would best have been provided by a PR, but at least it’s something.
Drew was compensated for the software that he provided, that forms the basis of the current iFinix programs. The software was valued at $1.5 million, and all of that has been paid except for $20,000, and accrued interest through the issuing of 2.467 B restricted shares to Drew. That works out to being paid with shares valued at 0.0006 each. Drew chose not to charge interest on the $1.5 million, but was advised that interest must be charged, so it was set at a little over 2% (I didn’t write down the number).
Doug loaned the company $220,000. The loan has been repaid with 300 M restricted shares. That works out to being paid with shares valued at 0.0007333 each.
There were lots of other numbers too, but they will have to wait until a rebroadcast.
The $20 iFinix RealTime introductory price will continue until the end of the year. There are currently 200 paid subscribers.
The iFinix Trader system is currently being modified to meet the needs of Legend and others, and so will not be released until next year.
The ad program has been pulled, and is being reworked before starting it up again.
They continue to work toward a BB listing, and the SEC approved auditor selection process (for NASD/SEC acceptable audited financials) should be completed soon.
There was more, but this is what I jotted down. Some of the above could have been jotted down incorrectly.
rjc
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