Replies to post #23840 on Infrax Systems Inc (IFXY)

[Cardio]

The company hopes till end of year. Read last Q for more detail.

[pj123]

Lockwood’s (final) dividend record date is tomorrow March 19 th , 2013. The dividend rate will be 1 (one) share of Lockwood for every 3 (three) shares of Infrax Systems. The actual “distribution date” of the dividend will be announced when Lockwood Technology gets clearance from SEC and FINRA. Although we use the “record date” to determine the shareholder’s rights for dividend, if shareholders sell their shares prior to the actual “distribution date”, they will not be eligible for the dividend. Shareholders must hold their Infrax shares till the “distribution date” to qualify for the dividend of Lockwood Technology. Based on the current outstanding shares of Lockwood Technology, our internal valuation matrix, outstanding & current RFQs, sales pipeline and current public company multiples, we estimate a successful opening price for the IPO. We will update our shareholders as to the timing of the IPO.