Replies to post #79179 on Infrax Systems Inc (IFXY)

[Diogenes of Sinope]

It is frustrating. Here is another related blast from the past.

https://www.globenewswire.com/en/news-release/2018/07/30/1543978/0/en/Infrax-IFXY-Announces-Shareholder-Update-Company-Cancels-Reverse-Split-Name-Change-Block-Capital-Corp-Now-Subsidiary-of-IFXY.html

I still chuckle to this day when I read the following;

After weeks of correspondence with FINRA, it was decided that the Company will no longer pursue the name change and reverse split at this point. Henceforth the Company cancels the corporate action until further notice.

They had no choice in the matter. The previous BOD pushed it too far for the regulators not to act.

The regulators denied their request for a third R/S after shareholder concerns were shared to them.

Look to the past to see the future.

There are diamonds in the rough out there and that’s why we remain and play.

GL