Infrax (IFXY) Announces Shareholder Update - We are now Block Capital Corp - Company Implements Share Buyback Program
June 22 2018 - 11:56AM
InvestorsHub NewsWire
Infrax (IFXY)
Announces Shareholder Update - We are now Block Capital Corp -
Company Implements Share Buyback Program
St. Petersburg, FL -- June
22, 2018 -- InvestorsHub NewsWire -- Infrax Systems (OTC:
IFXY),
a global provider of Internet of Things, Blockchain technology
consulting and ICO consulting services, announces
shareholder
update;
After many weeks of
deliberations and
discussions we have
decided,
alongside
the name change, to recapitalize the company by
implementing the following;
1-
Name change
from Infrax Systems, Inc to Block Capital
Corp effective immediately with
the approval of FINRA. We have asked for
"BKCP" for ticker
name.
2-
1
for
400
reverse split
effective immediately with the approval of FINRA.
3-
4
for
1
forward split
effective post reverse split with the approval of
FINRA.
The decision on the reverse
split was based on the following
considerations;
1-
Ongoing Sub-Penny
manipulation by the market makers and larges retail traders, hedge
funds and pumpers.
2-
Lack of
legitimacy of companies belonging to the sub-penny
equity
world.
3-
Lack of funding
from legitimate sources for expansion purposes.
4-
Lack of ability
to hire quality employees, consultants and
executives.
5-
Negative
associations of a sub-penny company with our current portfolios
such as Prutus, MoMu and ICOHubs.
6-
Limited to
non-existence acquisition
strategy for a
sub-penny company.
7-
Other important
factors including OTCQB and OTCQX qualification
rules.
We
foresee none to limited effect on
shareholders equity based on the
following;
1-
Company has no
debt.
2-
Unavailability of
stocks from any sources to dilute or pressure the share
value.
3-
Retiring or
reduction of insider shares back to non-common
structure.
4-
Company has
revenue producing subsidiaries.
5-
Company is
implementing share buyback as dividend every
quarter
6-
Company has
exciting new projects including Prutus and MoMu.
7-
Company signing
on other ICO projects.
We will inform our
shareholders on the progress of the events as they are
available.
About Block Capital
Corp
Block Capital
invests in crypto
assets, provides blockchain technology consulting, ICO process
consulting services and tokenization of assets.
To request further
information about Infrax, please email us at info@infraxinc.com,
log onto our website at http://www.infraxinc.com
or http://www.blockcapitalcorp.com visit us at our Facebook page
https://www.facebook.com/blockcapitalcorp
or on Twitter
@realcryptocorp.
Forward-Looking
Statements
This press release may
contain forward-looking statements covered within the meaning of
the Private Securities Litigation Reform Act of 1995. These
forward-looking statements relate to, among other things, plans and
timing for the introduction or enhancement of our services and
products, statements about future market conditions, supply and
demand conditions, and other expectations, intentions and plans
contained in this press release that are not historical fact and
involve risks and uncertainties. Our expectations regarding future
revenues depend upon our ability to develop and supply products and
services that we may not produce today and that meet defined
specifications. When used in this press release, the words "plan,"
"expect," "believe," and similar expressions generally identify
forward-looking statements. These statements reflect our current
expectations. They are subject to a number of risks and
uncertainties, including, but not limited to, changes in technology
and changes in pervasive markets. This release includes
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 27E of the Securities Act of
1934. Statements contained in this release that are not historical
facts may be deemed to be forward-looking statements. Investors are
cautioned that forward-looking statements are inherently uncertain.
Actual performance and results may differ materially from that
projected or suggested herein due to certain risks and
uncertainties including, without limitation, ability to obtain
financing and regulatory and shareholder approval for anticipated
actions.
Contact
info@blockcapitalcorp.com
http://www.blockcapitalcorp.com
Twitter -
@realcryptocorp
Facebook
blockcapitalcorp
Telegram-
blockcapitalcorp
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