ICBS Limited (ICBT)

[Karlor]

Unless Garth says otherwise, most of Shadow Mountain expired as well as all the other original claims. The 9/29 PR mentions renewing it, but Shadow Mountain expired one month before on 8/25. Because Garth never talks to shareholders, the only way to know is disseminating the current details:

At the present time the company holds 1 Mining property (31 Claim cells), located in the Township of Ripon Quebec

This means Garth lost 2/3rds of Shadow Mountain, down from ~90 claim cells before.

As of 10/25, the last of the original claims all expired. Two days later, Garth posted here about filing for four new claims. He also dumped some more shares that same day, in case anyone hadn't noticed (0.00028). Someone with access to trade history or current O/S and A/S numbers could verify or debunk this.

Since then, he paid this "Small Cap Street" P&D firm.... and it appears the firm messed up. They were probably meant to repeat the Oct. 27th PR about filing for the new claims, but instead they announced the previous negative news release about letting Shining Star expire. Just in case someone wants to challenge me about this, read Small Cap Street's disclaimer:

Our reports/releases are a commercial advertisement and are for general information purposes ONLY. We are engaged in the business of marketing and advertising companies for monetary compensation.

So, basically, it took four years to get to this point, and nothing got done. The first IPO (which I said would not happen last year) finally got withdrawn, and now the second one has failed. Canwealth no longer owns the claims listed in the filing, so the IPO would have to be amended yet again. It won't be, because the claims were the very reason for it. This means the IPO is now moot - dead in the water.

The process has to start all over again. Garth will have to withdraw from the IPO and get assay results for the new claims and Shadow Mountain again, and then file again for another IPO. It took three years last time.

One thing to note as I read through posts: Neji Jedda and Carl Caumartin are real people, and they do exist. Caumartin is NOT A GEOLOGIST, NOR WAS HE EVER CALLED ONE IN PREVIOUS COMPANIES. His previous employment in TVI Pacific and Infinito Gold (2nd worst mining company to ever exist in Canada with over 120 million in debt before it folded) never called him a geologist. Instead, he presented geologist findings as sort of a manager.