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hi everyone,as said before am stil holdin,might as well,,i have set up a real time instant message chat box for any of you who like to talk about ibty,or any other stocks throughout the day, the link is located bout halfway down click on it and it takes u to my stock chat box,,feel free to use it anytime regards http://www.weblo.com/domain/General/StockMarketNews.com/467053/
one day we go to da moon,,in the meantime i hold..til im 80..yoohoo..make a ton more holdin than flipping,but as of record this is my last pk,.ob stock ever,,frankly i am disgusted with the whole U.S. markets in general..at least the chinese co's always pop their stocks back up for doubles...for no reason somehow(see,tstc,cntf,grrf,efut cbak,,1 year charts...) america corporate equals greed..
MPEL oversold bottom bounce over,earnings cc over friday,held strong friday,interesting to see how it acts today..
just scanning the posts,was gone all weekend.CRAMER SAYS BUY IBTY,IM GOING ALL IN MORTGAGE THE HOUSE<SELL THE CARS LOAD THE BOAT BACK UP DA TRUCK MOE BACK
YOU WANT TO KNOW WHO STOLE YOUR MONEY READ BELOW
INDUSTRIAL BIOTECHNOLOGY CORP.
UTEK’s latest quarterly filing lists the company’s second most-valuable holding as its stake in Industrial Biotechnology Corp. (Pink Sheets: IBTY), of Sarasota, Fla. It put the worth of its 17.3 million shares in that company at $8.15 million.
UTEK completed another technology transfer with IBC in September. It turned over the license for technology that could form the basis for a natural aphid repellant, in return for an additional 4.64 million shares of stock.
IBC says it aims to commercialize new scientific developments and production methods in the emerging field of biologically produced chemicals. It went public in August 2005 through a reverse merger with a shell company.
IBC is little more than a year old. But its chief executive, Andrew M. Badolato, has a long history of legal disputes and unpaid debts.
Sharesleuth ran a routine check of the online court records in Sarasota County, IBC’s home base, and found at least 15 financial-related suits listing Badolato as a defendant. Those cases include a foreclosure action brought this year on his $2.4 million house, a $1.85 million suit brought in 2001 by an investor in another Badolato venture and judgments won by 2003 American Express Corp. and a Bahamian resort and casino for unpaid bills.
Badolato has worked as an investment banker specializing in helping small companies raise money or go public. Other suits in Florida show that Badolato had a pattern of privately reselling stock he has received in connection with his activities, without registering the shares or disclosing the transactions.
IBC attributed much of the litigation against Badolato to stock market decline that marked the end of the dot-com era.
“As the technology market declined or dot-com bubble burst in 2000-2002, Mr. Badolato was the subject of litigation with multiple co-defendants (other officers and directors of same companies), and mounting attorneys’ fees resulted in his filing of personal bankruptcy in 2005,’’ the company said in a e-mailed response to questions posed by Sharesleuth. “All previous debts and litigation have been discharged.’’
UTEK has been doing business with Badolato since 2004, when it completed a technology transfer deal with another of his companies, privately held BioFlavorance Technology and Research Inc. of Sarasota.
As compensation, UTEK received 500,000 shares of BioFlavorance, 20 million shares of Uniphyd Corp. (Pink Sheets: UPHD) and 175,000 shares of SinoFresh HealthCare Inc. (OTCBB: SFSH). Badolato also was involved with Uniphyd and SinoFresh. UTEK got an additional 48,000 shares of BioFlavorance through a separate strategic alliance deal.
IBC acquired BioFlavorance early this year, and UTEK’s shares were converted to 2 million shares in the new company.
Badolato’s activities at SinoFresh figured prominently in a lawsuit that pitted two of his associates who served on the company’s board of directors against SinoFresh’s founder and chief executive, Charles A. Fust, and others. The two directors claimed they were improperly ousted.
Court documents filed by Fust alleged that Badolato improperly sought to control the company after helping it go public through a reverse merger. Among other things, Fust said that Badolato tried to install allies as executives and directors, and tried to divert 1 million shares of SinoFresh stock to an entity in Belize that he secretly controlled.
The court file also included a copy of a memo written by Fust that detailed Badolato’s alleged improprieties. It said that Badolato sold more than $3 million of personal stock in SinoFresh and related entities in undisclosed transactions – some of it at the same time he was supposed to be helping the company raise capital by placing new shares with investors.
The memo also said that the state of Florida began a securities investigation into SinoFresh because of Badolato’s activities. Fust wrote that he learned from an investigator that Badolato was “known” to have been involved in two federal securities investigations and one other state investigation in the three years prior to his involvement with SinoFresh. Badolato has never been charged with a violation.
A University of Florida law professor appointed by the court to review the competing claims in the case generally sided with Fust’s version of the events at the company. SinoFresh and the plaintiffs settled the case late last year. The two ousted directors were reinstated and Fust was deemed to own the disputed 1 million shares.
IBC’s executive team includes Badolato associates from previous stops, including SinoFresh and Uniphyd.
IBC is not generating revenue at the moment, Badolato told Sharesleuth. The company hopes to finance the development of its technology through joint ventures or strategic investments from established chemical companies.
“Currently the company is in discussions with large chemical companies regarding the identification, financing, development and implementation of biologically produced chemicals,’’ he said in an e-mail. “Because of this financing business model, the company’s low burn rate, actual costs to develop biological compounds and outsourced manufacturing alliance partnerships in Asia, management feels it can acquire the capital necessary to commercialize the technologies it has acquired.’’
IBC’s stock closed Wednesday at $1.02 a share, giving the company a market capitalization of $75.4 million. As noted, UTEK valued the shares it held on June 30 at $8.15 million. The additional stock it received in the technology transfer last month would have an implied market value of $4.73 million, absent any liquidity discount.
lol too much coffee this moring,anyway maybe GOOGLE WILL BUY THEM OUT9/b]
i had a small sell order in at .03 see how many sells was btween this pps and my sell,,,
to da moon
a Press Release about the company buying back 300 million shares
would be great about right now :)
Titan..hold your shares..we nominate you to do a hostile takeover..like Karl Ikahn and become the new IBTY president..all in favor vote below
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titan dont sell..buy out the company...be a whale :)
lots of time they test the waters to see how the mm's react,,,ie if they back the f up or keep poundin it...looks like everyone is in shock right now..lets see .003!!! :)
what a strange day..hmm..maybe someone/group testing to see if they can run it....
well i have noone to blame but myself,,,the chart always said dont buy,i threw away all the good trading logic and abilities i had(have) to roll the dice,so ill live with it,,s**(*s but i shoulder my own blame here...worst case the play was to sell and rebuy,instead i stood and watched like lemming...
guys i usually try to remain positive ,and i still have all my shares like a dumb A%& but this looks and feels like a BHUB,ATLJ type thing going on here..i hope notbut the share count isnt adding up IMo,jeex all i need is .03-.05
the dang volume today,,,this doesnt look good imo..
lets buy them out i come up with $350,000 and we will own the float :) make the calls
alternative...lets all pool together,,maybe enlist one big big money man...and Friggin buy them the heck out,,,ie we will be controlling shareholders and Mr west would then report and work for us,tail waggin da dog...is no doubt their platforma nd publicly traded status is at least worth what the authorized share count is times the current PPS..is what 500 million times .0007?, we can then have our own company..start making contacts with Big deep pockets...
cramer mentioned IBTY?...wow...add him to the lawsuit too :)
ya,had i known this i would sold above .0015...jeex,this stock sticks it to u and the turns it hard
10:44a Yucatan Holding Company Provides Update on Eline Entertainment Group, Techlabs, Inc. and The BigHub.com (Business Wire)
Yucatan Holding Company, a privately-held investment company that holds a controlling interest in the voting securities of Eline Entertainment Group, Inc. (Pink Sheets:EEGI), Techlabs, Inc. (Pink Sheets:TELA) and The BigHub.com, Inc. (Pink Sheets:...
10:44a Yucatan Holding Company Provides Update on Eline Entertainment Group, Techlabs, Inc. and The BigHub.com (Business Wire)
Yucatan Holding Company, a privately-held investment company that holds a controlling interest in the voting securities of Eline Entertainment Group, Inc. (Pink Sheets:EEGI), Techlabs, Inc. (Pink Sheets:TELA) and The BigHub.com, Inc. (Pink Sheets:...
news on marketwatch...?
marketwatch Tela nd Bhub news,,ya'll read this,is on my email today
just classic pk trading..load up,sell at a double,,let it fall and load up again.....wash rinse repeat....over and over and over...
pinsheets.com gives ibty a yield sign..not too bad..also has a sign that says no firm is a market maker here,,so these ubss etc are just customer orders..this stock is trading person to person now...so the sells you are seeing is from somone who bought down below,,,bottom line...
well not witstanding,i wouldnt mind a highly good Pump about right now to push this to .50 or more,so we can dump...as ive always said,i coul care less ho a stock gets to a point,just so it gets there,,in reality all stocks are to a certain point..look at IBD stocks,,etc..
dang mars your tone sure has changed...you musta loaded the boat recently...lol....mr .positive...i like :)
ya,i always said for a PK stock their float is still fairly low...
well cowboy dont buy any then...noone is twistin your armm
i confess i made the sell at .0012,,needed lunch money..lolo just kidding...ubss gone,,they are of F'n up someone else,they may not return for a while imo...
who the heck are you to show up here when the stock has had 3 good solid up days?..be gone mona wona
#8 on ihubs hot breakout boards.. http://investorshub.advfn.com/boards/HotBoardsRelative.asp
well hum i dont have much to lose here,might as well roll da dice,i had written this off as a loss,packed my bags and forgot about it,if its going to come back im not flipping out for a lil gain,i want money,lots and lots of money,da pie in the sky,,i may take some capital out around the .5o mark,just to be safe
i wouldnt care if it was pumped.pulled hyped,riped,spammed,rammed,bloated,bought out etc...i am banking on history repeating itself once again,,sooner or later,Mm can't make money on lil tenth pennies up and down,they like the spikes,so they can short it again etc...we bought/got caught in their downdraft last time....this time I will relish in their updraft,however they choose to make it happen...the one mistake most traders make is they will flip out well before the .05 or so range,then will scramble back when the spike comes
well i'll tell you this Mr. man...lol./..pullback and look at a 3 year chart for IBTY using any site that goes back 3 years..notice a spike to $3...then down for months..then a spike to $1.50..then down again for months...so the next spike should be in the $.75 to $1 range...is only history repeating itself...
Ibty is rding and crossin its 10 day EMA..next resistance is 50 day ema.0025/.003 and ....90 day ema.004/.005 if it breaks them...whoa nelly
IBTY finally coming off the bottom showin some strength...
'da love boat,soon will be sailin to other shores,da ,,,lol"