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Press release is accurate. Krsna made the revenues and since icbu owns majority they report it as such. Reporting is accurate. Their disclosure even says the same
Exactly how many years ago was that? 2?5?
Interesting of all the names that are continously mentioned, why have you brought up Larry Robertson?
Wow, how many shares were issued between October and February for them to 1k share RS.
Security Notes
Capital Change=shs decreased by 1 for 5000 split Ex-date=10/03/2014.
Capital Change=shs decreased by 1 for 1000 split. Pay date=02/25/2015.
Got em. Very revealing. Thank you. ;)
damage is done. I"m pretty sure those post about ICBU is pretty illegal. Based on the most recent posts.
IF i were you do the research and look at all the financial reporting and the PR's going years back. Yes, you'll see the failed ventures but you'll also see the financial showed their ventures failed. 18 months ago prior to the KRSNA purchase this company was doo doo. But you'll also notice after the purchase you see the financials much improved. I like the stock now versus 18 months ago.
they were current last year also and posted in March.
What exactly do you mean by keep it low? How and why would an shareholder keep a price low? I'm more interested on how someone would keep it low
Keep it low guys I have some options on big boards about to be sold so if you keep it depressed maybe I might buy a position knowing this isn't over.
the annual can only come after the end of the reporting year. Their year ends Dec 30th, from there they have 90 days to report their annual. So anytime between Jan 1 and end of March is the time frame.
Q4 ends in december and they have 90 days after that to report their annual. Last year they reported in march.
How is posting material information backing your claim if a history of scams by the officers a violation of TOS. Im surr all investors of the stock want to see this information. It sounds like to me there is no such information. The sec site has been checked and there is nothing showing any sanctions or investigation into the officers. If you post valid information i'm sure nobody would report it. If there is evidence of wrong doing, i think the shareholders would like to know.
So be a good citizen and post it
You mention history of officers previous scams but nobody but you seems to know about them. Why don't you provide everyone here the links to any information regarding these scams
Yoy you go from 0 revenues to excess of 4mill. Net income goes from negative to positive. Not sure how that sucks.
when you talked to the operator, what did they say?
Can you post the link to the press release? I didn't see a link and when i looked at the source code there wasn't a link to any news. I also looked at the past press releases and the wording wasn't there that's on the website wasn't there.
That statement is actually hard coded. Does this mean now we have an equipment company posting about non existent mines?
Directing people to the OTC is not wrong and is proper. It's like telling someone not to go to edgar and go elsewhere for information. People should have access to all information. That includes what's reported to OTC and whatever personal DD you want to do. Telling people to not look at the financial reporting is absolutely wrong.
Yes everyone can do their own DD. The problem with doing your own DD is making sure you have the right access to all information. Any misstep can cause providing misinformation.
You say you want to see audit financials. Well unfortunately we have to wait until year end right because that's the normal cycle for audited financials correct? So if they fins are audited, what are you going to say to everyone who you told the mining company never existed and the financials reported were fake and you called the company a scam?
Nobody is the end all and be all for the status of this company. Everyone can contribute and each investor can draw their own conclusion. I have to say personal problems with really using your info. You said you this company has been a scam for years so wouldn't it be a personal conflict to provide any information otherwise?
Not sure if I remember providing any evidence that they don't own or operate an active mine. That would pretty much go against what I believe, especially when I'm okay with the revenues reported on the financials which comes from the mining activities.
Again, that's me and my personal opinion. I'm perfectly satisfied with the reporting to the OTC as of right now. May change later but I'm holding
I never said it was for the accuracy of the numbers. I'm referencing the purchase of KRSNA minerals the subsidiary. That purchase was disclosed in the financials. My point is that he at minimum verified that the company exists and ICBU has the right to put the company on its financials
. I have examined the corporate records, talked to the appropriate parties and reviewed the
documents I considered necessary for the purpose of drafting this letter.
Refer to point 3 in the attorney disclosure:
. I have examined the corporate records, talked to the appropriate parties and reviewed the
documents I considered necessary for the purpose of drafting this letter.
I agree this with Zues and I truly respect this. I've said it before that prior to a year ago, I didn't think this company was worth much. It had a bunch of failed ventures and we saw a lot of that in small companies trying to cash in on the mj market. Many failures there. I changed my mind when they had the PR regarding the company with the 100mill revs and the announcement for the KRSNA company. One can still be skeptical since the other ventures didn't work out and that was clearly painted on their financials. If you go back and look at them, there are no revenues so the basically reported the failures.
Now the annual reports showed the revenues due to the purchase and the disclosure also referenced the purchase as well. Also, the annual had to have the attorney letter which assigned another person to validate. I still hold to the
Sarbanes-Oxley Act
I have examined the corporate records, talked to the appropriate parties and reviewed the
documents I considered necessary for the purpose of drafting this letter.
The information referred to above (i) constitutes “adequate current public information” concerning
the Securities and the issuer and “is available” within the meaning of Rule 144(e)(2) under the
Securities Act, (ii) includes all of the information that a broker-dealer would require to obtain
from the Issuer to publish a quotation for the Securities under Rule 15c2-11 under the Securities
Exchange Act of 1934, (ii) complies with the OTC Markets guidelines for providing adequate
current information, and (iv) has been posted through the OTC Disclosure and New Service.
The issuer’s transfer agent is Olde Mammoth Stock Transfer, Inc. 200 Memorial Parkway,
Atlantic Highlands, NJ 07716. Olde Mammoth Stock Transfer Inc., is the transfer agent for the
company and is registered with the Securities and Exchange Commission. I have confirmed the
number of issued and outstanding shares of in the 929,740,572 December 31, 2016 disclosures
and information statements by discussing the matter with the Issuer’s transfer agent.
Interesting cuz according to post 30541, you've been placed in that group
Can't wait to see the audited financials. Goodboy, bigjohn and I are looking to put ICBU on the barbecue roasting. I severe crash I looming.
Harold
Company announced the purchase on 12/21/2016 and the company reported the 3rd quarter period ending 09/30/2016 on 11/20/2016 so it looks like at this time the financials were done and they were current.
This can be validated here:
https://www.otcmarkets.com/stock/ICBU/filings
The annual report where they disclosed the purchase was done on 3/29/2107. Since they don't have audited financials they are required to submit an Attorney letter which they did.
IF you have any questions regarding the requirements you can go here.
https://www.otcmarkets.com/learn/otc-company-reporting.
You may want to note the following:
3. If financial reports are not audited by a PCAOB registered audit firm, upload an Attorney Letter via www.OTCIQ.com complying with the Attorney Letter Guidelines within 120 days of the fiscal year end.
ICBU is a reporting company. I just want to set the record straight for your comment below
they bought it with shares in a pink sheet non reporting company
No scam exposed. Just what seems to be cheerleading price drops is very interesting
Why does it matter to someone who doesnt own the stock. Thats the question
Why does the stock movement matter to someone who doesn't own it?
What q's you talking about?
Audited financials are not required for pink sheets. My thoughts is that itll happen if/when they uplist and i wouldnt expect that till year end.
That's fine and your opinion to help you make that decision. But it is with nothing for pink sheet companies to stay current with their financial reportings, if they cant/dont have their annual audited by a PCAOB registered then they are requires to get submit an attorney letter which ICBU does so from a regulatory standpoint they seem to be in compliance.
If there is any doubt to what i disclosed you can got to otcmarkets website and under the learn tab is a reporting requirements section. You'll find the information there. Note there is a link to a word doc that gives the criteria
Again, you just discount all available information. Financial reportings showing revenues. Based on your logic anyone can accuse any company of scam because they don't believe the financial reports but thats fine. We can wait
He is but updating the profile would be a conflict of interest for him since he states anything coming from the company is not true. The board might just be handcuffed
You have to get special permission to update the profile? Based on the list of admins, i'd be surprised if someone allowed for the most recent material public information to be published.
did those companies also have people posting that they are scams and post information that was factually untrue?
I see postings around ICBU that are similiar to the case below. But I guess it won't be long till those posters get caught as well.
https://www.sec.gov/news/pressrelease/2015-254.html
I mean come on , you see posts talking about a potential 50% drop in price from someone who doesn't own the stock. Claims of insider selling (that has been going on for 6 months). Exactly how many shares do they have?
Read this post 31038. You know that to be materially false. Why don't you questions posts like that? Doesn't that seem fishy?
Did he confirm that there is a deal with EXMT?
Salary and Wages are most likely the employees of KRSNA.
Cost of Sales is the mining expenses. I'm assuming this would be the equipment and extractions or any other type of processing that needs to be done.
do you think people posting the company is a scam can play into how the stock trades?
Nope. Got this a bit ago.
When paired with the $0 in revenues and -50k it did in the comparable period in the prior year, it's an improvement. Thanks for pointing it out.
He actually wouldn't if someone hadn't posted the full article here with the disclosure (which of course they should). If you notice he never adds the article, just the disclosure with only certain pieces highlighted.