Infrax Systems Inc (IFXY)

[1971]

5/13/13 - Infrax Systems' board is considering Convertible Preferred shares as dividend to its long standing shareholders to honor and reward their investment in the Company. The final decision by the board of the directors will be made after the filing of the current Q this week. A final decision will be followed by an 8K and a press release.

The considered Convertible Preferred Shares will have these designations:

1) Non-Dilutive,
2) Yearly Dividend,
3) Conversion rate to 1000 Common,
4) Registration Rights,
5) More voting power that Common,
6) and other rights associated with Preferred Shares.

The number of Preferred Shares as dividend will depend on three factors;
1) Length of time of the investment,
2) Amount of Investment,
3) and amount of loss of investment if any.

IFXY!!!