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Saturday, October 02, 2010 7:03:25 PM
Mark said that it was FINRA's requirement that the company increase the Authorized Shares to 700 million. The company initially raised the A/S only to 600 million in order to accomodate the split. FINRA required the company add the additional shares. This tells me a lot, that Ben intended the A/S to be 600 million.
This morning, I called FINRA and spoke to Roger in the OTC Appropriate Actions deparment because I wanted to check out your claim. It turns out you are obsolutely correct. I threw out several different scenarios, tried to trip him up with semantics and it was the same each time.
FINRA can request addional documents which, apparently they did of iFinix, to ensure completeness of the filing and that is all.
#122870
I called the Transfer Agent this afternoon to ask why it is taking so long for the shares to transfer. Mark told me that it has nothing at all to do with iFinix. The company filed the paperwork and now it is strictly an internal process between the various brokerage firms and the DTC.
#123033
Concerning post # 123033, Was the TA questioned during this call about his or her alleged statement that FINRA made iFinix increase the A/S from the initial 600 million shares to the increased 700 million shares? 100 million shares here or there doesnt really hurt the company "in my opinion" but the story behind it, well....I'd fire someone! As a matter of fact, I'd throw out a cease and desist order......... (looks like some past INIX non delayed market trading info has been "ceased" or lets say "deceased" poof.... 24 hrs? hmmm )
Hows that for... 1 a day + minerals?
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