Replies to post #12313 on Infrax Systems Inc (IFXY)

[1971]

Yes there has been an issue with certain sites reflecting the proper share structure.

http://infraxinc.com/about-us/investor-relations/

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Current O/S 2,865M - Float = 67M

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750,000,000 - Trimax Shares Converted from Preferred (Restricted and acquired through the acquisition)

1,921,136,134 - Shares Owned by Sam Talari (Restricted)

955,275 - Shares Owned by Cristino Perez (Restricted)

126,060,000 - Shares Owned by Paul J. Aiello (Restricted)

http://infraxinc.com/about-us/investor-relations/

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Director Sam Talari converted almost 2B shares to common (restricted) through his Co. NeuWorld Communications. This was done to retain control of the Infrax following the Trimax acquisition in which Trimax received 750M shares (also restricted). Otherwise the deal would have been a reverse merger, rather than an acquisition.

Shares are restricted for a period of one year and no more than 1% per month can be sold for an 18 month period thereafter.

See Annual Report news release and the actual agreement filed with the SEC for details on the restrictions and ‘Lock Up and Leak Out’ agreement.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=54946303