Replies to post #96689 on Ifinix Corporation (INIX)

[Don]

Piggy-Back Rule
A "piggyback qualified" security is one that meets the frequency-of-quotation requirement described in SEC Rule 15c2-11(f)(3). The frequency-of-quotation test or "piggyback" exception is based on whether a broker/dealer has itself published quotations in the security in the applicable interdealer quotation system on at least 12 business days during the preceding 30 calendar days, with not more than four consecutive business days without quotations. Once this criteria has been satisfied, authorized participants may register on-line in a security. As long as the security remains piggyback qualified, any participant may quote the security without a Form 211 submission.

[dragon52]

LOL... piggy back rule?

that only means more MM's can sell this puppy down as there will be more MM's making quotes.

Nothing more nothing less... having a 15c211 does not mean it is a better company... just more likely to be traded.

[db]

A step in the right direction!

[DFLY]

anyone talk to company since that last pr with the 15c211 filed and talk of uplist to the BBs? if so any time frames? id think if they filed their form 211 possibly very soon?

[sidedraft]

The PR in May '09, about the 211 being submitted by BMA Securities, was known to be false by Benhope at the end of June, his own words in the CC of August 3, 2009.

Since Benhope knew that BMA was not going to vouch for iFinix by submitting the form, Benhope has been "misleading" the various posters that have asking about the 211 since the end of June.

Benhope said it himself yesterday the 3rd, in the horrible conference call. He knew it and said nothing, since the end of June '09. He even mentioned a date in June, in the CC.

And he had the audacity to apologize for not mentioning it?