Accumulating
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I want news about plans for production. That's what will get me excited about Canwealth Minerals. Ever since I listened to the radio interview I've been confident. I've followed that up with extensive research but I too would like to see some revenue.
So you think .0005 on that day? My view is we don't have any new investors but, if the 8k looks nice I think people who are timid and waiting might get more aggressive, then maybe after new promotions will come and money will flood this place. Personally, I expect this over .001 in the coming months, but as of now this looks like it can't touch .0003. It's sort of discouraging but I've been doing massive research on the board members (George Tsoukas) and projects outside of Canwealth Minerals and everything seems promising. Best of luck to us!
Does that mean you expect .0002 to hit today? I feel like nobody wants to buy until the 8k and as soon as we get that we might get extreme volume... what's your take?
I'll show you respect gsobes and admit I was wrong. Being that I'm naive I think this still might do what I want but you were def right that this was falling to .0001.
I'm waiting for triple zeros but your guess is as good as mine.
Look at the new share count? It's over 11 billion. All of us Longs expected it to get to 15 billion but not like this, I dare say that gsobes might have been right.
The quarterly answered my questions. Why is the market being flooded with cheap .0001-.0002 shares? The answer: William sold 4.5 billion shares to pay off debts. We were all holding when the count was 5-7.5 billion but now we should all know we're close to getting to the 15 billion total. Looking back on this, I bought in with the assumption that this would get to 15 billion shares, now that it's on the way I am disappointed. Ironically, back then we were told that acres were worth 10-30 thousand (that equates to a pps of a few cents), now we're told acres are worth 30,000 and up which is even better. If that's true our land is worth more than majority of us realize, but even still, we have a right to be mad because we got diluted by our ceo. I would be much happier if he gave us a share for every share owned when we were at 7.5 billion but whatever.
I know we're all excited about the 8k for Canwealth but have any of you seen this article about Biospec Global Solutions? 2013 is going to be a GREAT year!
http://www.prnewswire.com/news-releases/icbs-forms-a-new-international-corporation-with-chinese-partners-111527714.html
Thanks! I'll add it to my list and check it out
My 3 fav .0001 plays: ICBT, MMTE, SGCP (junior miners)
What other one's should I know about?
To be honest, Canwealth and not ICBT emailed me back. I sent them an email through their website and I was satisfied with the response I got. I think Garth's personal email is listed and so is other board members and employees online. I read the blog of a woman who works for the company, I thought about emailing her directly but then I thought that might be crossing the line? I found emails for people I never heard of who are connected to the company when doing my research and Linkedin Garth. My opinion, they're probably not emailing you back because they're keeping their cards protected until they play their hand.
They responded to me but that was weeks ago.
Did you sell all your shares for that other sitting .0001 aumy? Neither stock is producing and those guys claim to have more money, but at least ICBT has mining claims, a plan, and equipment. Last time I talked to you you had 3 times my count in ICBT. I was hoping you still did but now you're behind if you're at 6 mil; did you lose faith? My perspective is: Canwealth's claims and concessions make this a 10 bagger by themselves. If they're successful in rolling the 3 subsidies (even just 1) into production in the near term than 2013 will be a great year for the company and shareholders. If they don't I'll reevaluate this .0001231 play of mine.
I expect the share count to settle under 2.5 billion. The stock can trade and be healthy at those levels? I think the new symbol is the thing to watch and with ICBT being the prominent owner I think later it's equity will show value. R/S can hurt but at these levels I don't have room to complain.
I don't have free money to but it could be a good time to buy? After I got mine I bought in and this stock rank for a good gain before the present situation.
Fox petroleum and Trilliant are what make people think this is a scam. Fox is supposedly doing business but look what happened to those companies when William left them? I still hope MMTE turns into a miracle play but if this does improve (by a lot) William deserves a prison sentence.
This is a must read for all investors: Mammoth is mentioned by name, thus it's not all doom and gloom, try to wait these levels out because things might get GREAT
http://www.bnamericas.com/cgi-bin/getresearch?report=321220.pdf&documento=1457270&idioma=I&login=
Besides the new rules and watchdogs the Obama administration have added: According to the court case against the illegal seller (Farchilds I believe?) ALL 10 companies involved in the case aren't allowed to print shares or reverse split without shareholder consent until the case is resolved? Personally, I don't know how true this is because I've been reading about it on investorshub (mostly on the sierra gold board... ICBT is listed) but I have read extensively. The ruling I am talking about I believe isn't until next June, but a better indicator of truth than those investorhub messages would be actual court documents listing ICBT, not just a copy paste post on other boards, which is what I read.
Nevertheless I don't expect the share count to change or rise above 2.2 billion.
Rampo is still listed on the unaudited financial statements. It's a brewery that the company cheaply purchased or partnered up with. The plan from my knowledge was to focus on a few marketable craft beers but I think they lost their license in New York and ICBS has been quiet on Rampo's future? They've gone on to say that they're instead focused on 3 different subsidies (Canwealth is the main present focus) and that they expect Canwealth to return substantial profits. I like to hope that they still have plans for their gluten free beer but Rampo is very small and not a central focus presently. Nevertheless I see ICBS intending to build up all their subsidies.
http://www.icbs.ca/icbs-financial-july31-2012.pdf
Am I the only one who thinks they'll eventually sell their Toggs systems? Am I the only one who thinks they'll find a partner for their computer security program? Am I the only one who thinks Canwealth is a legitimate gold miner? Am I the only one who thinks they will form some types of pharmaceutical medicines? Am I the only one who thinks they'll sell cosmetic products. Am I the only one looking forward to drinking a Rampo beer before this decade ends? I'm either a genius or a fool, probably both, but I'm looking at this rising above what you want by 2015. In the near term I'm watching for the 8k and Canwealth. If they fail miserably I will listen to all the red flags, if everything progresses I'll sit back and watch.
I'm not really sure but that's just my guess.
They probably can't share that information privately is my guess? I asked them some more general things and Canwealth answered me promptly. I sent it from their webpage
Can you transfer over and use another firm? Your best bet is calling in and asking the company or your broker; I use optionsexpress/charles scahub and I have no problems.
Imo we're going to get the 8k, then we'll get updates on the samples and mining plans; info on progess with identascan; news about Toggs entering markets (my guess is in China) and then even more good news than what we expect. In my opinion 2013 is going to be a GREAT year so I'm holding and watching and hoping I'm right. Like the Longs who've been burnt here getting in early, I've been burnt on pennies falling from .002 to .0001 and gone cold on them before they turned it around, but with ICBT I've had the pleasure of getting in at .0001 and .0002. Personally I think getting in at any of these level below .0005 will prove wise, time will tell.
My advice to everyone is to find the radio interview from last spring and listen to it. Also if you have any questions about Canwealth write them. I emailed them and they responded promptly.
I don't think you got scammed Shark. I know you feel that way if you got in when they were purchasing all the claims or before when they were pr'ing Rampo, but if you hold tight I think you'll be happier than me, I don't own as many shares as you
If both of you bought 100,000,000 you would control about 7% of the company a piece. Imagine how high this could go if strong investors buy and hold through all the upcoming news this next year? I think this would go a lot higher than .0005
Why would anyone sell 36,000 at .0001? To the buyer: You got in at a good price my friend lol :)
.0001 are running dry. Some great news has the ability to really move this imo
They mailed me something a couple of years ago. At that time lots of people got it and in and we were all excited. PPS ended up going over a dollar but in time not much happened. Never got close to the $18 mark they said was possible but profits were taken. GL with your investment.
ICBT at .0001 is my favorite pick. What's yours'?
Look through the message history and YOU new investors will learn who you should avoid.
Luckily for everyone I can answer Head Scratcher question. Here is an icbs-financial from June 2011. Keep in mind that in April 2012 Garth said the company has invested over 100k already in Canwealth. We also know that over 50k was spent in the start up of the new symbol so if you read this link and then go to the radio interview your understanding should improve and you might feel brilliant like ME
http://www.icbs.ca/icbs-financial-june2011.pdf
Canwealth has a chance to run fast, but in the long run ICBT shareholders should see the most rewards? ICBT owns 60% so whatever future profits should/will go to ICBT and other shareholders.
This stock will probably respond differently than what I expect but I've seen a similar situation where the new company ran deep into pennyland while the main holder sat at .0125. In that case the company began doing .1 quarterly dividends per share in the parent company. Obviously if we get anything close to that we're all going to be thrilled.
On the flipside, I owned a similar company called Redwood group who owned multiple growing subsidies in China, in Redwood's case I was flat out wrong and lost a lot of money. ICBT is strikingly similar to Redwood in platform but I like to think that ICBT is going to get it right. I like to think I got burned then to succeed here, I hope I'm right.
If you're asking however, am I better off buying ICBT or the new ticker? All I can say is ICBT has pieces of Identascan, BioMeds, 60% of Canwealth, etc. I imagine as their companies and investments improve they'll pps will improve dramatically as it reflects progress, time will tell!
It's natural to expect it to go up considering Canwealth is going public. It could be an opportune time to buy and opportune time to sell after any initial run; but personally, I'm engaged with ICBT and thinking about marrying it. Imagine if a bunch of strong hands controlled this? If I had buying power I would try to purchase .0001 or .0002 today.
If you click investor hub's "more icbt messages" button, you'll only have to scroll a tad to read "History of Rallies from .0003 to .0034 ~", which is referring to after reverse mergers I believe?
I'm pondering why the company is sharing that and I'm seeing potential beyond it. With possible advances in identascan and Biospec in 2013-14 following behind Canwealth, icbt has an opportunity to grow and possibly rapidly. Of course I see .0001 and .0002 being sold yesterday, so I understand ICBT is far from being at a market cap that will get me excited.
Nevertheless, I imagine what will happen when Canwealth goes public? Do you think ICBT will be sitting at .0001 or .0002 after Canwealth is trading or will pps rise? What will happen if they generate any type of revenue? What will happen if they get one of their mines in full production ever? What if they get value out of multiple concessions? What if one of the other subsidies has substantial success, and grows from a smaller to medium or bigger company?
People want to call ICBT a lotto play, so I like to envision it as a winning ticket.
I look at this as more of an explanation of how ICBT got to .0001, does anyone agree?
#26 states that, "E-Lionheart entered into a subscription agreement with ICBT in which E-Lionheart purchased 60,000,000 ICBT shares for $30,000"... By my math that comes out to a pps of .0005
#27 states that "Defendants sold 46,230,009 of these shares to the investing public through E-Lionheart's broker. The next day, Defendants sold the remaining 13,769,991 shares through E-Lionheart's broker. No registration statement was filed or in effect as to such offers and sales thus depriving the market ofrelevant information-and no valid exemption from registration was available for Defendants' sales. Bronson and E-Lionheart obtained gross sales proceeds of approximately $58,000 and illegal profits of$28,000."
#28 states that "Approximately three months later, on May 14, 2010, E-Lionheart entered into a subscription agreement with ICBT in which E-Lionheart purchased another 110,000,000 ICBT shares for $30,000. On May 18, 2010, Defendants deposited these shares in E-Lionheart's brokerage account. On May 21, 2010,just three days later, Defendants sold 50,000,000 ofthese shares to the public through E-Lionheart's broker. Four days after that, on May 25, 2010, Defendants sold the remaining 60,000,000 shares to the public through E-Lionheart's broker. No registration statement was filed or in effect as to these transactions -and no valid exemption was available for Defendants' sales. Bronson and E-Lionheart obtained gross sales proceeds of approximately $45,600 and illegal profits of $15,600."
110,000,000 for $30,000 comes out to .00027273 price per share with my math?
#29 states that "Defendants engaged in at least 11 additional transactions with ICBT of similar type between September 2009 and May 2011 and resold the shares to the public without registration or a valid exemption. In total, Defendants' unregistered and illegal sales of ICBT stock to the public netted gross sales proceeds of approximately $960,000 and illegal profits of $325,000."
#30 continues on that "Since August 2009, Defendants have engaged in similar illegal resales ofthe stock of over one hundred other companies. In the aggregate, Defendants have entered into hundreds of transactions, involving the sale ofbillions of shares to the investing public, without a registration statement being filed or in effect and with no valid exemption from registration available for Defendants' sales of securities. The following table summarizes the transactions by Defendants in the stock acquired from just ten ofthese issuers during the two-year period August 2009 to August 2011"
Personally I don't think this is good news, but this to me is an explanation of the actions that took place over the last few years. To me this is in part what led to the current price of .0001-0002 and this current opportunity. What do you think?
I'm very optimistic and glad to see YOU new posters. For weeks I've been arguing with naysayers and now .0002's and .0003's are showing again. Personally I'm waiting for the 8k and then for Canwealth to go public. I'm considering how things will then follow from Canwealth trading to production. I'm also considering the other subsidies that make ICBT and how their 3 pronged plan will develop in time. As for Canwealth, some will see the earnings estimations in the billions and question them, I realize that ICBT has already invested over 6 figures into Canwealth and that it's going to take even more financing to produce at highland or shadow mountain. Nevertheless I like the direction ICBT is headed and think I found something I'm going to enjoy following. Best of luck to all the longs
http://ih.advfn.com/p.php?pid=nmona&article=50371045
Help me understand something? According to #26: On February 3, 2010, E-Lionheart entered into a subscription agreement with ICBT in which E-Lionheart purchased 60,000,000 ICBT shares for $30,000.
Does that mean that E-Lionheart received 60,000,000 shares at a pps of .0005?
700,00 shares sold yesterday and just under 145,000,000 sold today.
I wish I got more at .0001 but I'm satisfied with what I got. It's great being back in the green, even if it's only been 1 day :)
It pains me to say, my pps is much higher, I do agree this will run so I think it's a potential 10 bagger for new investors. I'd be fantastically happy if I just got in and my shares were at .0002
With the new court case against Farhills Capital, ICBT and the other victims can't reverse split or add shares without informing shareholders... Or so we've been told? I don't know if that's 100% true so investigate for yourself and don't just take my and other posters words for it. However, to me that's a great thing if true. We all know that Canwealth is going public and that the company will own 60% (use to control 51%) so my perspective isn't doom or gloom, I'm optimistic. People here can say whatever they want about ICBT but last year it was at .0009.
It's easy to say it fell to .0001 because it sucks or its a scam but I prefer to say: it fell to .0001 because of the scam against the company and investor's doubt that it created. I prefer to say: ICBT was trading at .0009 when they released news that they were acquiring land. At that time bashers said the land was worthless and the company didn't really own any of it. Today we know they are drilling, mapping, and taking samples. I thus see the progress but it's hard to see with the pps at .0001. Cannwealth is going public though and the company spent over 50,000 on the process, so I choose to believe ICBT has future value and intentions to keep moving forward.
This week however people are saying that the Highland gold samples aren't good enough, last month posters were saying that the Shadow Mountain results and samples are too high and fake. As investors we might only see what we want until the company begins producing, but IF they began producing how rapid and high will the growth be? Think about it?
The main thing I take from the last pr is this: "The remaining ten samples will be sent Aug 28, 2012. An updated sample program has been planned for September based on these latest results. The plan will include an expansion of the study area to better understand the lithology of the area."
IMO there is more to be done until the production we're hoping for takes place; if you want more than decent reports look at Shadow Mountains and Lake View's reports on Canwealth's page. Most followers already know Canwealth is going public. I expect action to pick up with the next pr, followed by Canwealth going public, updates, updates from biospecs, identascan, biomeds and so forth. Presently conversation is slow, I expect conversation and pps to increase as ICBT gradually moves and snowballs.
That's great news for us. Scoop what you can.