Ifinix Corporation (INIX)

[Bernanke_nomics]

Forgot this one? #122870

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.

My post about speaking to the TA was true. That's what I was told and it was not blah blah blah.

Answers from FINRA:

Your Question:

An OTC stock was just approved for a forward split, It ammended its original request from 600 m to 700 m. There is talk that FINRA required this 100m increase. Could this be the case?

Your Answer:

Thank you for your email.

No. FINRA's responsibility is to announce a firm's corporate action once it has reviewed the request and has received all the necessary documentation. FINRA does not approve or modify any corporate actions.





iFinix Corp. Announces Stock Dividend
PLAINVIEW, NY, Sep. 1, 2010 (Marketwire) --

As a result the company's authorized shares will be increased to facilitate the forward stock split.

A lil math: 288 mil x 2 = 576 mil

November 15,2010
700,000,000 Class A Common Shares Authorized
636,362,886 Issued and Outstanding

Already 60+ mil over previously speculated F-S/Dividend amounts used up.

Be happy though, with 173 shareholders of record this company is not really required to provide any reports!!
A filing to end reporting could very well be in the future. (I hope not)

Anything else????????????????


Yeaaaaaaaaaaaaaaaa Capital is on it's wayyyyyyyyyyyy........

Better to have a positive expectation and help boost the PR with good suggestions and positive feedback.

Think someone forgot "while slapp'n da ask"....
I like that one, shall always be a classic.