Ifinix Corporation (INIX)

[XQZME]

Ok, I just got off the phone with Transfer Online. The AS has not changed, it is 700 million. Mark Knight does not expect that to change as some predict.

The OS is 691,918,442. I asked Mark if the increased OS is due to shares issued for service or if it was due to the company dumping shares into the market for cash and he said the shares were used to pay for services.

Now here is the kicker. The forward split required a surrender of shares NLT 30 October to receive the increased shares. If the shares were not surrendered by that date, the old shares were voided. With that said, 52,585,060 shares were not surrendered. Which means that once reconciliation has been completed, the OS will be reduced by 105,170,120 shares (52,585,060 x 2). Once reconciliation is completed, the new OS will be 585,748,322.