They are pretty diluted going off of the March 31st date.

#
Outstanding Shares
1,600,809,652 as of Mar 31, 2010
#
Authorized Shares
2,800,000,000 as of Mar 31, 2010
#
Float(shares)
809,652 as of Mar 31, 2010

And they R/S'd on the 11th of March.

Going off the PR about the oil spill it seems they want to participate greatly in the current oil spill, but need funding to expand their company which would make them more appealing for contracts or maybe a buyout. See below for PR keys.


EDMOND, Okla., May 11, 2010 (GlobeNewswire via COMTEX) -- EnviroXtract, Inc. (Pink Sheets:EVXA) Management has issued the following statement in response to inquiries regarding its possible participation in the current Gulf of Mexico oil spill cleanup effort:

"EnviroXtract Management is keenly aware of the environmental disaster currently unfolding in the Gulf of Mexico. This is an unexpected tragedy for us all. Although the technology is capable of removing oil from affected soil, Management could not have anticipated in its business plan or funding requirements the scale at which it would be required to operate in order to effectively participate in the cleanup effort at this time. Management is reassessing the Company's financial needs and is currently seeking funding to expand its capacity to participate in future cleanup efforts. Should the Company be successful in obtaining the necessary funding, it will endeavor to implement expansion plans which might provide future opportunities to participate in the ongoing Gulf of Mexico oil spill cleanup effort."

It makes sense that they would dilute the piss out of their stock in a super short amount of time to try and expand their capabilities in order to become an appealing company for a cleanup process.

What gives the company the potential for success:

1) Currently we're seeing TAR balls wash up on many beaches. It's only a matter of time to where it gets worse than just TAR balls. Many shores are becoming unsuitable for wildlife and humans right now. Until the oil leak is completely resolved this will only continue to get worse.
2) The company came clean with prospects of joining the cleanup project and also let investors know that right now they are not able to. Honesty goes a long way...
3) Because of the honesty, this is a company that becomes a long term investment instead of a short play because if they hit it big with a contract to cleanup you'll then see a material change in the company altogether.

What gives the company the potential to fail:

1) It's a pink sheet current information company in which if the CEO had a change of heart.. he can destroy shareholder value altogether and just bomb the company and leave it behind.
2) Because of that, this company will become ultimately worthless for everyone and will be subject to nothing but pump-and-dumps.
3) They diluted it to more than likely to fund increases in equipment, technology, and employee's. If this fails to gain the contract the CEO more than likely desires to have then this ship will sink.

The sum of this:

This could be one of those stocks thats talked about in the future from big success. This could be one of those companies that really does everything they can to get in the game. Or, this could be a total disaster for shareholders. Right now I'm still uncertain about this company, but I'm willing to take the risk and INVEST due to honest PR's. Like I said, honesty goes a long way and hopefully my money will go a long way with this company as well.

If you buy shares of this company just know that there is a potential that exists and it could be a little ways down the road. Are you ready to ride the waves? Are you ready to grit your teeth and hope for the best?

As a popular friend of mine always says - Know what you own -

Are you suggesting shorts are being covered? I have no idea what that actually means with the percentage decrease.

For those of you waking up this morning not catching some of my DD last night I've replied to the posting

DD: The LOI was signed on the 25th of May.

On May 25, 2010, the Company signed a non-binding 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 importers/exporters in Weihai, a coastal city in Shandong Province of Northern China.

On May 27th the SEC received the filing

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 27, 2010

INTERNATIONAL BUILDING TECHNOLOGIES GROUP, INC.
(Exact name of registrant as specified in its charter)

Nevada 0-32323 20-1217659
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification Number)


17800 Castleton Street, Suite 638, City of Industry, California 91748
(Address of Principal Executive Offices) (Zip Code)

On June 2nd the PR was released

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.

This "Shell" stock only had once reversed split and that was years ago..that tells me this isn't a stock that does reverse splits after it plummets to the abyss. That's great in my books.

shs decreased by 1 for 225 split
Pay Date: Nov 1, 2006

Last date of reported outstanding shares on otcmarkets.com is
#
Outstanding Shares
493,244,027 as of Aug 12, 2008

Today it stands at 2.7 billion. A shell stock that is heavily diluted doesn't surprise me one bit at all. How else are they going to try and pay the bills when waiting on a merger?

Sure, it's fun and games when a company sits around spending money on a nice website http://www.ibtgi.com/ and doing things which leads investors believe that are spending on it company projects, but....

--- THIS STANDS OUT ----

Look at that website http://www.ibtgi.com/ and click on projects. It has China written all over it. Are they really doing things in China? Who cares... the connection here is that these so called projects are in CHINA and who the $%*# is trying to merge with INBG???? A company in Chhhiiiinnaaaa. If this was a math lesson then I would assume I just taught some of you how to add 1+1. In case some of you are curious what the sum is of 1+1 is its 2, but I'm sure all of you ( I would hope ) knew that.

Bashers - Maybe some of you are right in thinking that this is a well plotted scheme for a pump and dump from .0001 to .0012. That's a hefty profit for those who planned the scheme out. Roughly 1.2 million dollars were traded today and that's enough money to get those schemers out of the picture. I would say it's too early though to really start bashing because, like all schemes, many go very big. If you're bashing on this "scheme" and not playing it then you might get floored by the big picture that's about to happen.

The big picture?

Longs - The big picture here is that everything is adding up a lot better than poorly planned schemed. If this is a scheme... well it's a dammmmn good one. The high of .0012 isn't really going to be the all time high. In my belief, it's going to be A LOT higher. This is so well put together that:

1) The company is listed on OTCQB (Sort of BB), but is required to report fully.
2) I'm taking an educated guess that the company's debt is around 1.5 million or less because on of the statement on the 8-k ( 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 ). $230,000 down on debt? That's great.
3) Because that 230 grand is more than likely going to be used on paying down debt one would assume a complete reverse merger would be make sense to pay off the rest and then some.
4) The above "then some" comes into play because FHH was appraised at 54 million. I'm sure the IBGN would like a little extra cash for doing the merge and I'm sure FHH would be happy to pay up just to get into the US market a cheaper way.

http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=inbg

I could go on, but at this point I hope that I've sparked some of newer investors or traders to try out the process of DD. It might take some time, but in this case it can be as easy as adding 1+1.

Enjoy.

Lol... ooooo Tina. I think you jinxed yourself :X ... I still can't believe what all has happened with this. I'm thinking my first theory about the anticipation and jump in pps from march to may was justified in fact by the approval. It's just sad :( .... I still want to find out WTF happened Friday including who planned it, who were the major players behind it, and was it to cover shorts for a certain hedge fund.

Amazing.... no toxic financing and on a day of drug approval the stock is in the negatives.... simply amazing.

It would have been funny if he said "I was eating Peach Cobbler again this morning when I received an email from AstraZeneca stating a buyout offer of $32 a share."

Listening to the webcast, I liked the discussion of their current business model and how they've used it over the past decade. That's great stuff right there! 90 mil - 10 years - 30 on staff just to develope Vimovo... thats good stuff!

Actually, listening to the webcast, looking through the finances, and looking over the charts I have no doubt that this is going above $16 this week. Did everyone here their current business model? Quite innovative and GREAT for shareholders :) !

*Chuckles* I think the bear raid took out one of POZEN's kidneys.

No kidding. I'm trying to understand exactly what's going on. Maybe it's just the shear fact that anticipation of approval taking it from $6 to $11 was more like playing the FDA play after approval. I have no idea.

The webcast is almost done. Everything is fine. It seems that AZN has been the quarter back and Pozen has been the towel boy.

They will have 61 million after the milestone payment. Read the Q1.

Yes, its odd. Maybe MM's are still keeping this down so shorts can cover.

After Friday's incident and seeing other FDA approvals... tough call. Most likely it will fall in line with the standard huge gap up followed by a slow uptrend till the next major event.

No one really knows if the shorts have been covered. Won't know till May 11th when the short interest is updated. I doubt this effects a multi-day run this coming week due to more than one catalyst that will be setting this off. We already took out 2 catalysts ( FDA Approval and Short interest most likely ). The other 2 (Euro approval and milestone payments) are coming ahead which will cause a multi-day run and a slow uptrend.

I hate that part... upfronting the investment to me is hurting a balance sheet which in turn will hurt PPS.

Seeing 20-24 this week would lead one to believe that market is anticipating the worth. The thing is though is that savvy investors like seeing financials too so we may have to wait till Q2 to see higher than $30

Whoa... that's like ... years down the road.

I would say 18 is medium.

I doubt MM's will do the same thing again on monday. That's a pretty large event that took place and if it happens again then the SEC will definitely know its not a fluke and in fact planned out. Some can get away with murder once, but twice is another story.

Idk. I don't think the halt was pertaining to the webcast. I believe it is pertaining to the official PR from POZEN about the drug approval which came out late Friday night.

POZN- Since trade was halted in T1 statues ( awaiting material news ) I don't believe that Mondays conference call is THE material news we're waiting on. They put out the official press release of Vimovo's approval late Friday so trading should resume in pre-market. We'll know for sure tomorrow morning!

Don't forget to check http://nasdaqtrader.com/Trader.aspx?id=TradeHalts for the status!

No word on Investor911 yet... its been over half a month since he last posted on ihub.

So in order to gain big off of this one it's best to buy the lowest value call option for May ( which is 12.50 I guess ) and hope it's worth more than 12.50 in actual stock price (which it definitely will be)?

Wow, and here I am trading just stock. Didn't know options had that kind of insane profit.

So 140 contracts with the option to buy at 12.50... that 1.75 million dollars to inorder to buy all contracts.

How many shares is each contract?

What program are you using for this chart latino or are you using an online site? This looks like a 10 year chart as well.

No, they've already put out a PR about the approval. That was the official press release that caused trading to halt. If you check http://nasdaqtrader.com/Trader.aspx?id=TradeHalts you'll see POZN in T1 status which means "Trading is halted pending the release of material news." Trading will more than likely resume in pre-market of Monday. Have fun.

There are three major catalysts that will give this a multi-day run next week.

1. $20mil milestone payment for US approval
2. EURO approval of Vimovo in the upcomming month or so
3. $25mil milestone payment for Euro approval

We more than likely lost the short squeeze due to friday's F$%#ed up market maker crookedness, but that's ok. It's not something we have to depend on for a strong upward trend.

That's nice Clay, but since this has a newly approved drug could you take the chart back 4 years? That resistance is really not there anymore since it's subject to open at around $16 to $19 on monday.

What's eye opening is that its trading at .29 when back then it was over $1.

See previous post from 9/1/2009 (I replied to it). This stock is nothing but pump-and-dump.

Correct, but the short interest was reported as 2.8 million for COB April 15th. 15 days is a long time for the short interest to change and we won't know until May 11th what the short interest is for COB April 30th (today).

I doubt any shorts will be burning. I doubt there is much of a short interest at all anymore due to today's actions.

That's pretty good for a prediction. We have more than likely lost a great catalyst though which was the short interest. $heff, I know you can agree that this will have multi-day runs because of the europe approval coming up and the milestone payments. Analysts will once again have to change their calculations because of the milestone payment from AZN.

UPDATE -POZN- After hours trading will most likely not resume today. The trade halt is still in T1 status (awaiting news). Expect a reopen on Monday, hopefully premarket.

Everyone - POZN - The short interest for the settlement date of April 30, 2010 will be available on May 11, 2010.

2.8 million shares were reported short on April 15th. I'm still waiting on an update on the short interest. Will let you all know once the update is made.