IFON Was Headed Down The Road To A Bankruptcy. There Really Never Was Any New Product At All. The New Software Platform Must Have Been Shut Down & Abandoned A Long Time Ago. They Misled Everyone About The Manufacturing And The Delayed Shipment Story. Even Going As Far As To Blame The Chinese New Year For Delayed Shipments On Product That Apparently Never Even Existed.
There May Be No Reverse-Split At All. This Was A Reverse Merger That Might Actually End Up As A Start-Up On The OTC-Pinks. The First Order Of Business Will Probably Be Some Heavy Dilution & Toxic Financing. IFON Has Already Filed A Continuous $25M S-3 Shelf Registration. I'm Sure They Are Going To Whack This With Some Dilution Pretty Soon. This Is Now Perfectly Set-Up For A Large Unpleasant Equity Offering, Heading Into A Reverse-Split.
There Is Really Nothing Special About Cooltech's Business That Allows For A NASDAQ Listing. In Fact, It Is Very Questionable If They Will Even Qualify. And If They Do Happen To Qualify Through The Merger, Then A Reverse-Split Will Definitely Be In The Cards, Along With Some Dilution.
News 
Market Data 
Discover 
