Replies to post #24427 on Infrax Systems Inc (IFXY)

[1971]

it's now after the Q... please don't make us wait a month to hear anything about this... thank you in advance.

ifxy

[1971]

8K Convertible Preferred Stock as dividend

Item 8.01. Other Events



Infrax Systems, Inc., a global provider of unified Smart-Grid related products and services for the Energy and Utility industries, announced today the following;



The board of directors of Infrax Systems is considering special class Convertible Preferred Stock as dividend to its shareholders to honor and reward their investment in the Company. The considered Convertible Preferred Stock will have the following designations:



1) Non- Dilutive,

2) Yearly Dividend Possible,

3) Registration Rights,

4) More voting power that Common,

5) and other rights associated with Preferred Shares.



The number of Preferred Shares as dividend will depend on three factors;

1) Length of time of the investment,

2) Amount of Investment,

3) and amount of loss of investment if any.



We will abreast our shareholders on any new developments shortly.

http://ih.advfn.com/p.php?pid=nmona&article=57690147&xref=newsalert

ifxy

[powerbattles]

SAM! When you input this statement are you really want to honor us?

5/13/13

considering Convertible Preferred shares as dividend to its long standing shareholders to honor and reward their investment in the Company.

[pennyrich]

Wow, a years come and gone and still nothing.
pr
IFXY

[Arnold25764]

WOW!! That's cool! GO $IFXY!

[Mygolfballs]

Strong buy rating