Ifinix Corporation (INIX)

[forgreen]

218% dilution occurred after the RS.

The reverse split was 1000:1. This reduced the OS from 11B to 11M.

Then the OS was increased after the reverse split from 11M to 35M.

The Transfer Agent was ungagged after the dilution was done.

Reports about the OS not changing since the TA was ungagged does not change the fact the stock was diluted 24M shares or 218% after the RS and before the TA was ungagged.

This means 24M shares were put into the hands of the company for whatever use.

It means anytime someone states the OS has not increased recently does not in any way determine what is being done with those extra unaccounted for 24M post-RS shares.

It means stock from that dilution can be sold every week for months on end without the OS going up because those shares were already issued. With the current market for the stock, what effect does selling even half a million shares have?
There evidently has been steady selling of the stock for some time from whomever holds it whether it is regular shareholders or people affiliated with the company.

No one should pin their hopes on calls to the TA to determine how many shares are out there to be sold because the TA only tells you what was diluted already, not what is being done with those shares. There can be 5M or 20M shares left for sale and nobody knows.

Being told to check for dilution with the TA completely avoids the issue of why was the stock so quickly diluted 218% for 24M newly issued shares after the reverse and what has been done with those shares.

Even if one chose to ignore the irrefutable fact of heavy post-RS dilution, those who use charts will see clear indications that shares have been sold steadily while a market for the stock weakens.