Probably no leg up for a while....this part of the 8K is the issue:
?Infrax shall, in consideration of a pending third party BSI asset valuation, pay approximately $8,000,000 for all of the assets of BSI in the following manner: (a) Seller Notes (amount and terms to be determined); (b) An amount of Series B preferred nonredeemable shares of IFXY with a conversion rate to Common of 1:300, based on the share price at closing. Series B Preferred shares will be convertible into restricted common shares under applicable securities laws. Series B Preferred Shares will vote on an as converted basis, and upon the closing of the transaction contemplated hereby (the “Closing”), the Seller shall obtain Board representation proportionate to Seller’s equity position in Infrax on an as converted basis.
The lower the pps the more shares they get, and an opportunity to short this run.
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