If I were a $IFXY shareholder, I'd contact the new CEO and ask for a copy of the fairness opinion for the $60MM, one has to be supplied. I'm not a shareholder here, just $FWDG but even I feel $IFXY overpaid for HempTech.
With its contracts, HempTech was supposed to generate somewhere between $10-12 million in revenues in 2015 so maximum for sales purposes should be $24-30 million if they wanted to pay a premium.
$10 million in cash and $10 million in preferred stock would be more than adequate to cover this acquisition, so I don't know what this new CEO was thinking. There is no reason to dilute commons to the tune of +700 million shares plus $10 million in cash plus preferred stock.
I've said all along to ignore this $60 million valuation, it's crap. No one in their right mind would accept this deal.
So, complain to management. Let me know if I may assist.