Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Good news is that I don't think this symbol is InBg anymore. Their website is off and if you check CA business search they are forfeited. If anything I think someone new is going to take over that symbol and anything is better than before
Absolutely. !!!!!!!!!!!
We have ABSOLUTELY no clues!
GLTY
Absolutely NOT!!!!!
Just hype by Ihubbers who want to sell you their shares.
Game Over
Only a pittance $500 worth of shares traded Friday.
If you aren't out already, you probably aren't getting out.
Like I said. Hundreds, if not thousands, waiting on any strength to unload their billions of shares into.
That's a loooooong line at the exit.
OHHHH This will pop again I'm seeing many tickers with a lot more shares than INBG that have been dead for years take off.Our turn is coming. GO INBG
Yes it did!
Unless you consider a buncha MOMOs to be a reason.
INBG at least you won't get fat !!
Las Vegas without the buffets.
INBG INBG didn't just wake up with out a reason hold tight we should hear something soon
INBG i bought 2million more now 2.635m altogether now make me rich !!! like ttd@
So uh, where exactly is this marijuana merger rumor/news coming from? Trying
I think the MJ rumors are stupid. The parent company of Sino has woken up this week after being no bid for over a year. I think they plan on using the ticker for a Chinese company; that's what they do, get Chinese companies into the American market place.
Even Stonoes have people who count the money.
Purchase price plus millions in extra expenses plus a year or more of cleanup makes this shell worthless.
If I needed a shell to expand my business and the alternatives were this one for free or a clean, no problems shell for $100K, I would pay the $100K.
Maybe going into the smokie-smokie industry, like some other goof ball companies.
Yup, And notice that they are all at the bid
Could be as many as 2 or 3 stuckholders getting out.
Billions more where they came from. The line at the exit is very long. This will go on until it goes back to No Bid.
Game over.
Enormous amount of share changing hands. I'll stick around awhile longer.
Bruce I was also here with a pile of shares waiting for the merger. I am so happy to be in at .0001 and out at .0002. It felt like Christmas. I don't know what started this buying, I don't know where it's going, but doubt very far. Happy to be out. Buyers beware. Don't be caught dragging this ticker around for years.
You are welcome sir.
Feel free to communicate anytime.
I don't normally do this but....
Here's a freebee for you.
Look at the last reverse merger announcement from INBG. Then look at the very next filing with the SEC.
You will find that the RM "Deal" was actually a letter from Yeung to the target company in China (at least 1000 times the size of INBG and a real company with a real product and real sales) offering a RM wherein Yeung would become the CEO and the majority shareholder in exchange for INBG stock.
There was more but by the time I got that far, I was laughing so hard I nearly soiled myself.
That was why nobody could confirm with the target company. The target company filed the letter in the trash and promptly forgot about it.
Yeung didn't though. He released more than 20 PRs and sold over a billion shares to Ihubbers in the process.
I would call that a scam and not a failure.
Feel free to look it up.
When your right your right I am man enough to say it good call here last few years let's be nice to each other going forward gotta say you know your @@@@ I'm out here
I am trying to contact Mr. Donahoo @ investor relations The phone # works I left a message and also sent an email I encourage everyone else who is interested to do the same If I hear from them I will post the information
I told you many more would come.
There are waves and waves of more sellers trying to sell at any price to get out.
Fully 1/2 of the day's volume from 1 seller. That means the line to get out is veeeeery long.
Billions of shares.
You folks got that kind of buying power?
This will be my last post on this board--
Happy to see the volume the other day-- I had been setting on millions of shares of this POS for over two years-- I see you are still trying to save people Bruce--- Kudos--- I didn't believe you years ago and this could still rocket up---but I for one am real happy that I was able to unload this POS on Monday and brake even. After I realized I was stuck here I continued to load this crap till I brought my PPS down to .00017--- Monday I thought I will sell @.0001-- and then decided to try for .0002-- and damn if it wasn't bought. Good luck Bruce--- and better luck to the rest of this board and INVESTORS
New
Sold off my 12 million from back in 2010. Couldn't get 2, so settled for 1. Good luck if you are still holding. Not willing to risk going to no bid again for years.
Gee. Nobody else is saying it.....
So I will.
Volume today is <10% of what it was just a few days ago. Stuck in the .0001 - .0002 range where nobody makes any money.
I'm not going to say "I told you so" (g)
done with you...it is my money and I will do with it what I want,and we get it...you do not want us to invest in INBG...however some of us are going to...get over it and on with your life
Failure ain't the answer.
Selling billions of shares to Ihubbers while claiming to be reverse merging into a company that is in China, 10 times the size of INBG, and refuses to confirm the deal, is a scam. Especially when the perp claims the fault for it not happening lies with the other party who still claims never heard of INBG.
Then he does the same thing again and again.
If you can't see that from the filings, then you choose to learn the expensive way.
Be my guest.
P.S.
As to the pennyland PRs every week. That was the first 5 years of the scam.
Good for you if you are successful at everything you start.
I guess you must be Mr. Perfect!
The point is you are confusing scam and failure. Failure could be simply bad timing, bad management, bad products....
If indeed, imo, it was a scam, I say we would have seen the pps going to Pennyland and PRs every week.
After all, he/they didn't even perform a R/S and do the typical cycle of scam.
R/S -- PRs -- pump -- dump -- dilute -- increase A/S -- more diluting -- crash -- then R/S again.......
GLTY
BTW, done talking to you. You are good at one thing, diverting me from my other plays. And yes, I will go inside that Casino, no need to check my ID.
If you don't see it, then do some DD
Try reading some of the filings and then check to see if you can verify any of the claims made by the CEO in thole filings.
You must be kidding!!
Your posts in CAPITAL almost made my screen 3D.
BTW, you scream scam and I don't see it. The max that poor pps went is around 0.0015.
Obviously you never had to deal with a real scam.
Good luck with your emotions.
No Hate. No Anger.
You folks just accuse me of anything you feel the need of to allow yourselves to feel comfortable throwing your money away.
Only one loser look in the mirror to find out who that is
I just feel sorry for you...a lot of hate and anger...hope you find peace
What is funny is the abuse you folks heap
On anyone that doesn't cheerlead along with you.
Have fun with your teachable moment. Years after you lose your money and are long gone, I will still be watching this pig.
Absolutely nothing you folks are saying and doing is new. Only the names have changed from the last batch of losers in this stock.
lol,now that is funny
I'm sure that's the truth and nothing but the truth lol
I'm here because this is just one of many stocks I follow.
Ihub has been very good to me. I pay forward when I can.
I can only follow a couple of scams so this is one.
Your emotional tie to this scam is admirable.
Especially when this pig has so much going against it.
I will be watching how you handle the teachable moment that is coming for you.
Run just about to start wrong bruceeee mooseeee Penny's can be surprising IMO this just about to get past the previews
Actually there is no reason for the wake up
Except a group of MOMO players are kicking it to see if it will make them some money.
The run is already over. You just don't know it yet.
I agree INBG didn't just wake up with out a reason hold tight we should hear something soon
We don't care about your constant babbling spam nonsense. Bottom line is it doesn't matter about INBG past. This can run NO MATTER WHAT YOU SAY. YOU COULDN'T STOP THE VOLUME AND YOU CAN'T STOP THE RUN!!
Exactly, except here you got something
You won't find in Vegas.
First you got a couple thousand stuckholders who watch this stock and are ready to dump their billions of shares at any price just to get out.
You folks got the buying power to overcome that?
Second, you got Yeung. He has billions more shares at zero cost. When he sees what you folks are doing here, he's gonna dump a billion shares on the table and take all the money.
That's what he does.
So have fun with your newest teachable moment.
I'll be watching.
You know, I don't really care.
Like I said earlier, people are free to spend, waste, and shred their money.
Las Vegas without the buffets.
Empty for a weed company?
Again the same question. Why would anybody pay millions of dollars to all the Ihubbers who own the billions of shares in this company?
Or even deal with them at all when they can find one of hundreds of clean shells that are for sale for a $100K with zero problems and can be moved into in less than 60 days?
That is the question we continued to ask when Yeung was touting a RM for the shell on 3 separate occasions while he was pumping billions of shares to the Rubes.
5 minutes, probably 2 minutes is enough, but, imo, you are missing the point.
The real question is: Do we have an empty ready to be used for a weed company?
That's all it is as of now. We don't even know if the CEO is still alive.....
So thank you for the warning. Hopefully people don't steal from their kids allowance to play that stock, or any pinkies.
People are free to do whatever with their money.
It is Las Vegas on line. All slots machine gobble your money, until you find a good one....
GLTA
Yes, I should've held it for another 2 years and 9 months, right?
Fact is INBG has no value. You can make money on stocks like these, but someone is ALWAYS stuck holding the bag. If you notice, no one that made money on INBG posts here anymore... That's because they got out and moved onto the next pump and dump.
People that are stuck holding the bag lurk here and then in the hopes of recouping some of their losses try to get the momentum going again. That's what MOST of you people posting are.
If you are a NEW person reading this board, don't buy INBG. I'm not here to bash INBG, but the FACT is anyone who does 5 minutes of due diligence will find that there is nothing backing this stock. Red flags should automatically go up when a company claims to be a merger candidate for an overseas corporation, especially in China. Verifying that sort of information is next to impossible.
You can make money on pump and dumps, but you have to get out at the top which doesn't always happen. I've played other micro penny stocks before and I don't have any contacts. I'm not a MMer or anything like that, and I have no interest anymore since I don't own shares.
My ONLY interest is in reducing the number of NEW suckers being born today.
Followers
|
278
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
53986
|
Created
|
10/23/04
|
Type
|
Free
|
Moderators |
Market Value1 | $935,622 | a/o Feb 21, 2014 |
Shares Outstanding | 4,678,110,750 | a/o Nov 12, 2011 |
Float | Not Available | |
Authorized Shares | Not Available | |
Par Value | 0.001 |
Shareholders of Record | 359 | a/o Mar 31, 2010 |
Ex. Date | Record Date | Pay Date | |
---|---|---|---|
Dividend () | Nov 02, 2006 | ||
Dividend (0.00) | Nov 02, 2006 |
|
INBG WEBSITE : http://www.ibtgi.com/index.asp
INBG is basiclly a shell Company
Patrick Donahoo
Investor Relations
Tel.: (702) 927-7668
email: ir@ibtgi.com
USA OFFICE | CEO Kennith Yeung |
News Dec 7th 2010 Big Update to the Reverse Merger with FHH SINO China
CITY OF INDUSTRY, Calif., Dec 07, 2010 (BUSINESS WIRE) -- International Building Technologies Group, Inc. (INBG) announced today that, pursuant to the signed Letter of Intent between INBG and FHH Sino New Energies Co., Ltd., the audit and due diligence study undertaken by a PCAOB listed auditing firm in Hong Kong and a law firm in Beijing, China have been completed and signed off by these two firms. According to the due diligence study provided by the Beijing law firm, FHH Sino New Energies Co., Ltd., a Chinese company ("FHH Sino") located in Weihai, Shandong Province, is in compliance with the laws and regulations of China under which FHH Sino operates. According to the report provided by the auditing firm, the total assets of FHH Sino are worth approximately USD15 million. The current asset value excludes the value increment of the FHH Sino's land property of where the FHH petroleum storage facilities Phase One located next to the Weihai Harbor with total areas of 142,525 square meters (1,546,000 square feet approx.), which was worth more than USD 22 million according to an appraisal a year and half ago prepared by an local accounting firm in accordance with China accounting standards. Based on the issued DD and audit reports, Currently INBG and FHH Sino are in negotiations relative to the exact terms of the definitive merger agreements. Meanwhile, FHH Sino is being restructured in order to establish its holding company or beneficiary company in Hong Kong for the merger with INBG. Stated Kenneth Yeung, CEO of INBG: "We are glad that the audit and due diligence have been completed. It has taken longer than expected, but we wanted to make sure all audit and due diligence were handled properly in order to comply with the laws and regulations in both the U.S. and China and to provide maximum protection to our shareholders. We have posted some recent photos of FHH Sino's construction sites with the being built petroleum storages tanks on INBG's website and we will keep our investors informed once a definitive merger agreement is executed." This news release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, the company's analysis of opportunities in the acquisition and development of various project interests and certain other matters. These statements are made under the "Safe Harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein. SOURCE: International Building Technologies Group, Inc. International Building Technologies Group, Inc. Patrick Donahoo, 702-927-7668 ir@ibtgi.comCopyright Business Wire 2010www.otcmarkets.com/stock/INBG/news
FHH Sino New Energies Co., Ltd.
Rm. 1403, Zhong Xin Bldg.,
2 Qing Dao N. Road, Weihai
Shangdong Province, PRC 264200
Attn.: Mr. Peter Xiaoping Wang
Director/General Manager
Dear Sir,
Thank you for allowing International Building Technologies Group, Inc., a public OCTBB listed company in USA and its subsidiaries (hereafter referred to as "IBTGI"), the opportunity to evaluate a potential transaction with FHH Sino New Energies Co., Ltd., a Chinese company and or its holding company and subsidiaries, (hereafter referred to as the "Company"). Based on the information we have received to date, we are pleased to submit this preliminary non-binding Letter of Intent ("LOI") to acquire the entire or control amount of outstanding shares of the Company by exchanging IBTGI shares for the issued shares of the "Company" held by the Company's shareholders (collectively, "Selling Shareholders").
We propose to acquire all the existing shares at net book value of the "Company." The exact terms and conditions for the acquisition, including the exact number of IBTGI shares to be exchanged with the Selling Shareholders, will be negotiated with the Selling Shareholders. Our LOI is based on the limited information we have received as well as our assessment of the market opportunity. Our LOI is also based on the assumption that as of the closing of this transaction, the "Company" will have normal levels of working capital, as well as enough cash to pay off debts and accounts payables on IBTGI books (but not exceed US$1.5 millions) prepared by the engaged accountant of IBTGI in according to the GAAP principles of U.S. It is understandable that the "Company" will need to have audited financial statement prepared by US SEC approved auditors, registered with the Public Company Accounting Oversight Board ("PCAOB").
We do not anticipate any conditions of a substantive nature which will be required as part of the transaction other than those normal and customary for such transactions, which will include, but not be limited to, satisfactory completion of our due diligence and execution of an exchange contract acceptable to us and our legal counsel. Our proposal is subject to (i) the execution of a mutually acceptable definitive exchange agreements and related agreements containing representations and warranties, covenants, indemnities and other terms and conditions customary for transactions of this type; (ii) there being no material adverse change in the financial condition, business or prospects of the Company prior to closing; (iii) final investment committee approval; (iv) local government and regulatory approvals; (v) extension of existing employment contracts for IBTGI officers; (vi) Guarantee of Buy-back or exchange of common stock for preferred stocks (not exceed US$2.3 millions) that are currently held by IBTGI officers or investors.
INITIAL PAYMENT
Upon signing of this LOI, an initial payment of US$230,000 as the good faith deposit will be deposited into the assigned bank account of IBTGI (information of bank accounts as attached) by the Company to execute this LOI within 5 days to execute this LOI and to cover the expenses, costs and accounts payables that may occur during the transaction period. Such US$230,000 will be debited against debts and accounts payable on IBTGI book of not exceed the US$1.5 millions as stated above.
DUE DILIGENCE REQUIREMENTS
IBTGI, together with its financial, legal and other advisors will need to complete customary due diligence including, but not limited to (i) meetings with management and site visits; (ii) receiving more detailed historical financial statements, including an analysis of fixed costs, variable costs, customer information and capacity utilization; (iii) reviewing the existing projections;
(iv) reviewing the Company's business plan; (v) a detailed review of the balance sheet and profit and loss accounts; and (vi) a general corporate review, including a legal review of agreements, material contracts, leases, litigation and other matters; (vii) preparing a road map, business plan, prospectus and finish due diligence within 90 days from receipt of the initial payment.
IBTGI
IBTGI is a full reporting company listed on OTCBB since 2007 and meets all the compliances and regulations of US SEC. We believe that as soon as IBTGI satisfies the minimum equity, revenue requirement, as well the other requirements of qualification, IBTGI can move up to be listed on NASDAQ or AMEX main board, accordingly.
Our preliminary LOI is confidential and should not be disclosed to anyone except for both boards of directors and the advisors of our companies before it is executed. Furthermore, this is a preliminary LOI only and does not represent a binding offer on behalf of IBTGI.
We look forward to the possibility of working with your company and future growth. Should you have any questions regarding our LOI, please feel free to contact me at (626) 581-8500 or by email.
Yours truly,
International Building Technologies Group, Inc.
Agreed and accepted by:
FHH Sino New Energies Co., Ltd.
/s/ Peter Xiaoping Wang ------------------------------- Peter Xiaoping Wang Director/General Manager |
Exhibit 99.1
INTERNATIONAL BUILDING TECHNOLOGIES GROUP, INC. SIGNED A LOI TO ENTER INTO A MERGER WITH A CHINA PETROLEUM STORAGE FACILITIES COMPANY WITH PAID-IN CAPITAL OF USD8.8 MILLION AND ASSETS WORTH USD54 MILLION ACCORDING TO A RECENT APPRAISAL.
City of Industry, CA - June 2, 2010 - International Building Technologies Group, Inc. (OTCBB:INBG) announced today that it has signed Letter of Intent to merge with FHH Sino New Energies Co., Ltd., a Chinese company ("FHH Sino") located in Weihai, Shandong Province of China. FHH Sino is a petroleum storage company that offers petroleum storage tanks and facilities for rental to the petroleum importer/exporter companies in China. FHH Sino has made a good faith deposit of USD 230,000 with INBG to execute the signed Letter of Intent.
According to recent appraisal prepared by an accounting firm in accordance with China accounting standards, FHH Sino has net assets worth RMB 370 million (approx. USD 54 million) and will generate annual revenues of RMB 100 million (approx. USD 14 million) after its completion of construction of Phase I and execution of signed rental contracts business in early 2011.
Stated Kenneth Yeung, CEO of INBG, "INBG intends to merge with FHH Sino by exchanging INBG's common stock with FHH Sino's holding or subsidiary company. This merger will give INBG the opportunity to switch its nature of business into the energy sector, the ability to generate revenue and profit once the FHH Sino commences its operation in early 2011, thus benefits our shareholders in the near future. FHH Sino is currently in construction of its Phase I with petroleum storage capacity of 320,000 m3 (or approx. 11,300,000 cubic feet) and has completed all the foundation and infrastructure for its 8 storage tanks. This infrastructure includes the supporting facilities and pipeline connecting to the harbor, which is just 600 meters away from the storage facilities. Strategically, this merger will strongly support INBG's ability to connect with the energy market, the potential investors and strategic partners who are interested in participating to the energy sector in the most booming economic of the world, China, and throughout the world ."
About FFH Sino: FHH Sino New Energies Co., Ltd. is a petroleum storage company located in Weihai, a coastal city in Shandong Province of China. The company provides petroleum storage tanks for rental to petroleum companies such as Sinochem and Sino-Petro, as well as being engaged in the business of local fuel oil distribution. It has approved its Phase II planned storage tanks of 450,000 m3. FHH Sino will be one of the key players in the fuel storage facilities companies for the northern coastal cities of China after the completion of both Phases.
An 8-K along with a copy of the signed and executed LOI specifying all the terms and conditions of the transaction will be filed with the SEC shortly.
Contact:
International Building Technologies Group, Inc. Patrick Donahoo
702 727 7668
Email: ir@ibtgi.com
1) http://investorshub.advfn.com/boards/read_msg.aspx?message_id=54725487
2) http://investorshub.advfn.com/boards/read_msg.aspx?message_id=51455550
3) http://investorshub.advfn.com/boards/read_msg.aspx?message_id=54365248
4) http://investorshub.advfn.com/boards/read_msg.aspx?message_id=51200646
Also this link is to INBG's web site they now have pictures of the FHH Sino project on INBG web site.
FHH Sino Petrolium Storage Depot Scale Model & There Office building
Crude oil storage, transfer irrigation cooperative projects
2008-08-15 15:24
Construction conditions:
Shandong Peninsula, Weihai is located in the east end of the Bohai Sea and Liaoning Peninsula conjugate throat, directly Bohai Sea, Yellow Sea, can be easily reached by sea ports. Weihai port has a long history, is an important port in northern China, near the main channel from the international, not silt ice-free, is a natural deep water port. Weihai New Port eastern coastline is about 5 km, 100-200 m offshore, natural depth of up to -20 m, the most up to -24 m depth, maximum depth of -15.4 m channel is very suitable for the construction of large open-spaces be planning and construction of more than 20 to 300,000 tons of crude oil loading and unloading berths and a large number of 5-10 million tons of parking. Land for the low hills behind the coastline, the geological conditions of stability, planning and construction of 25 square kilometers of the port zone, which is 5 square kilometers of the oil reservoir, can build 10 million cubic meters of crude oil tank reservoir. The region 20 km away from the main city, flat, low construction cost, construction speed, safe and reliable. Port Railway has reached the port and district planning and construction to oil reserves. Port in the highway network is connected, set, sparse, excellent transportation conditions.
Construction Scale and Content:
1000 Construction of the original oil tank storage facilities and supporting terminal.
Cooperation mode and contents:
Joint venture construction of the original oil tank storage facilities; cooperation-building terminals.
Organizer Description:
Weihai Port Group Co., Ltd. is a municipality directly under a large owned company, responsible for Weihai port construction, operation and development, with four holding companies and five joint venture companies. End of 2007, total assets reached 13 billion, annual revenues of 220 million yuan.
Contact:
Tel :0631-5166696
Fax :0631-5166696
Listen
Read phonetically
Dictionary - View detailed dictionary
This Information is just that. None of the MOD'S on this board suggest you buy or sell this stock or any other, all listed is just an opinion of the poster and nothing more.
If you choose to trade this stock or any stock, do so based on your own reasons. Do your own DD, and Spend your own capital as you choose to.
Company Filings Can Be found Here:
www.sec.gov/Archives/edgar/data/1075993/000116552710000842/0001165527-10-000842-index.htm
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |