On Tuesday, March 10, 2015 at 9:36:08 PM UTC-4, Dave Stallard wrote:

What happens the stock sale raises some funds, but not enough for the company to actually execute its business plan? Does the money sit in some escrow account forever? Or do they try to spend it somehow? And who checks up on that? Seems rife for abuse.

I found this (http://www.getfilings.com/sec-filing...TIXFI-INC_8-K/)

"On June 27, 2014, the Company filed a Prospectus as part of its Registration Statement on Form S-1 which registered a total of 5,975,000 shares of its common stock at $0.02 per share, 975,000 of which were offered by selling shareholders, and 5,000,000 of which were offered by the Company. The Company sought to raise $100,000 under the Offering. That Prospectus was declared effective on September 26, 2014. Under the terms of the Prospectus, the offering of the shares by the Company stock will expire on June 23, 2014, unless extended by the Board of Directors.

On December 29, 2014, the Company closed its Offering and will not sell any additional shares under that Prospectus. The Company sold 1,500,000 shares under the Prospectus, raising a total of $30,000"

So they raised $30K in the penny stock market. What happens to that?

Dave