IMD Companies Inc (ICBU)

[goodolboy]

If you read each of those press releases carefully you will see none of them give you any verifiable information. For one, who determined the mine acquisition has $700 million in recoverable assets?

With respect to the $100 million revenue producing asset, they never disclosed what that asset was, and never will. Why? because it doesn't exist.

And finally, the financial filings... OTC doesn't require them to be audited. But don't take my word for it. read the quote yourself:

"All subscribers to OTC Link are broker-dealers that are members of FINRA. Subscribers are permitted to quote any OTC equity security eligible for quoting under Exchange Act Rule 15c2-11 or the applicable exemptions to Rule 15c2-11. OTC Link does not require companies whose securities are quoted on its system to meet any eligibility requirements. With the exception of some foreign issuers, the companies quoted on OTC Link tend to be closely held, very small and/or thinly traded. Most issuers do not meet the minimum listing requirements for trading on a national securities exchange. Many of these companies do not file periodic reports or audited financial statements with the SEC, making it difficult for the public to find current, reliable information about those companies."

ICBU hasn't put out a legitimate press release since it's inception.