Replies to post #24733 on IFAN Financial Inc (IFAN)

[x-ray-eyes]

It appears overhang has been absorbed, imo

[silvermintz]

Should be? What is it about this statement from the filings that makes you think it's long gone? If they are legitimate claims, they need to be settled for this to have value to anyone.

During 2015 and 2016, the Company created numerous promissory notes intended to be converted to stock. They directed their transfer agent to establish reserve amounts to be issued. As of the date of this report we have no details or $ amounts of what is still owed, what interest should have been accrued during the intervening period or what, if anything has been paid. As of August, 2019, the outstanding reserve amount was 460,929,081 shares. We have valued them at par value or $460,929 and established an Equity account to account for them.