See post 56808. Says share increase was for merger purposes only and many shares will be retired. We will see.
Your question.post 56850 who is gonna buy a revenueless stinky pinky with nearly 6 billion shares for $1? lol lol lol lol ifxy is a stinky pinky. take a look at its history and financials.
All investing is speculative. Who's going pay $12,000 for a cryptocurrency which is not backed by anything but the concept of scarcity and supported by an ever growing and unsustainable data storage, energy consumption and processing time problem. Bitcoin is now purportedly worth $194 billion. What revenues has it generated or goods it plans on producing? There are a max of 21 million bitcoins and 7.4 billion people on earth. How will it become a global currency if each person can't even have 1 Bitcoin? It can't but that hasn't stopped people from buying into it.
By Infrax being spread across multiple companies that it is aiming at supporting in the future, this may minimize any downward share pressure that such volumes of shares typically bring. Tesla is $342 and has had only 2 quarters of profit and pays no dividend. Amazon is $1,402 a share and pays no dividend. Everything is about growth or potential growth and here Potential is the key word.
I fully understand your 6 billion shares scenario but as we speak only 1,869,784,509 were unrestricted and outstanding as of december 29, 2017 and 113,543,574 were restricted. Hopefully at most only 500 million to 1 billion shares will be added in the future.
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