Ifinix Corporation (INIX)

[grafix-max]

Followed up with Transfer Online today so I could understand the whole process of exercising the Warrants. I spoke with Mark, who was very helpful and informative. He told me that these are restricted under Rule 144 and because INIX is not a reporting company they certs will be restricted for a year. (He mentioned something about if they become fully reporting and are current for 90 days then the restriction may only be 6 months). After the one year restriction we have to fill out a 144D Seller's Representation Letter (found on their Website) and send it in with $35 to get a free trading cert which can then be deposited into our brokerage account. He didn't seem to think we needed an opinion from counsel to free up the certs. I am with Ameritrade and they wanted $50 to get me an unrestricted cert. Mark also mentioned that if I sent in the $37.50 directly to Transfer Online it would speed up the process of me getting the cert. This may be a repost of info., if so I apologize.

long-time shareholder...back to lurking
g-max