Tuesday, October 05, 2010 1:21:03 PM
From: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=55181446
Float = 37,266,031
VERIFIABLE in latest 10-K Filing:
http://sec.gov/Archives/edgar/data/1380277/000107997410000514/infrax10k63010_92710.htm
2,835,417,440 Current O/S
750,000,000 - Trimax Shares acquired through the acquisition (Restricted)
1,921,136,134 - Shares Owned by Sam Talari (Restricted)
955,275 - Shares Owned by Cristino Perez (Restricted)
126,060,000 - Shares Owned by Paul J. Aiello (Restricted)
-------------------------
37,266,031 = Float
Director Sam Talari converted almost 2B shares to common (restricted) through his Co. NeuWorld Communications. This was done to retain control of the
Infrax following the Trimax acquisition in which Trimax received 750M shares (also restricted). Otherwise the deal would have been a reverse merger,
rather than an acquisition.
Shares are restricted for a period of one year and no more than 1% per month can be sold for an 18 month period thereafter.
See Annual Report news release and the actual agreement filed with the SEC for details on the restrictions and ‘Lock Up and Leak Out’ agreement:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=54946303
http://sec.gov/Archives/edgar/data/1380277/000107997410000361/infrax8kex103_7212010.htm
Float unchanged since reported to be "around 35M" Per CEO Email Dated 7/22/10
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52566277
That gibberish above is MY own opinion. Go get your own!
Charts NEVER Lie.
http://investorshub.advfn.com/boards/board.aspx?board_id=12543
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM
Branded Legacy, Inc. and Hemp Emu Announce Strategic Partnership to Enhance CBD Product Manufacturing • BLEG • Jun 27, 2024 8:30 AM
POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • POET • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM