We first took a look at $IFXY Infrax Systems Inc on October 24th, when it made a “splash” in the market, gaining over 100% that day and trading nearly 903 million shares. Now, a little over a week later, anticipation is still high and things are developing. Merger PR is imminent! Here is what we know:
- Trading at $0.0012 up 20% today and 50% since initial report at $0.008
- CEO states they are not selling or increasing shares
- Anticipation of Merger PR due out at anytime
- No Reverse Split
- Bitcoin Soars Past $7300
- Wishes to UPLIST To QB… will need to trade at .01 to do so!
Much of this info has been derived from communications via email with the ceo Sam Talari, who seems to be diligently trying to get things done with his company. Below is their “business description”, but a new crypto currency related entity could change the company’s focus very quickly. Will it be the new focus? Will it simply be a holding or will it bring synergy to some of the companies other assets. This is what investors are desperately waiting on, and we will share the news when it arrives.
Business Description
INFRAX Systems, Inc. provides a series of interrelated operational management, communications, and energy grid related products and services which enable a comprehensive and unified solution for communications and applications management of the Smart Grid, municipal and telecommunications networks. Our Wireline, Wireless and Fiber Optics network management solutions offer proprietary state-of-the-art software, professional services and integrated systems. INFRAX Systems have been in use by companies seeking the best solution in managing their networks for the past 10 years. The company’s software solutions automate all aspects of the physical and logical layer management, threat detection, fault isolation and delivery of information. The scalability of the software systems permits the Company to target large Utilities and telecom companies servicing millions of global customers to medium-sized companies. Besides the OptiCon Network Manager? (ONMS), the company will soon offer additional solutions designed to secure and manage alternative energy networks globally.
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