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well the full story is that a company was paid 15k to profile the company. THis was part the the disclosure they did on their piece which really only repeated news. Not analysis really done. But the disclosure also said that everyone should do there own research and the article was for entertainment only. Included in the disclosure was the payment came from 3rd party non affiliated with the company and they had been previously paid. It was sort of unclear how long ago that payment actually came.
Finally the article in question requires a subscription so it's not really publicly available.
It's a shame to see someone playing both sides like that. But the stock looks fishy? It's pretty obvious what's going on there and it's going to catch up.
you might like reading these
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Then we're Back:
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This should help with some of the claims on ICBU.
Proper DD on previous posts may help clear some things up. Read in Order
POST:22330
POST:23093
POST:24529
POST:24639
POST:24680
POST:25182
POST:25830
POST:25995
POST:26219
POST:26819
Then we're Back:
POST:27659
This should help with some of the claims on ICBU.
who paid the 15K?
For your records
http://otcshortreport.com/company/ICBU
Material incorrect information. The stock can be shorted and is shorted. If it can't be then please post the information that it can't be.
Arent they already current?
Track the trading and the scam posts. The higher the price the louder they get, hen thw price starts to drop ans they shout witb glee. That doesnt seem fishy? Why would anyone dump on a stock daily and for some people years? How does that sound right.
Im an investo and okay with the numbers. I've read all the reports going back to 2010. Hw has beens done here. Anyone who has done as much researxh would see the same.
Financial reporting is not a pump, it's required if companies want to stay current. Issue is around the people calling scam etc.. regulators should be handling that pretty soon.
that press release is for ICBU. ICBU is not in BitCoin
If you understand the structure then you would understand why. Look at the whole company and then it'll make more sense. Also read the financials, there is one that will tell the whole story.
You sure you want to use the term scam? Id hate you being accused of:
You mean like when you said the ceo doesn't sign off on the financials even though his signature was on the documents along with his statement to the validity of the data that was reported?
Other way around. Exmt has 95mill restricted shares
It's not a subsidiary. Not sure why it was attached to icbu but it's irrelevant to icbu. The focua should really be on krsna operations.
What pump? Please explain how the release of the most recent quarters financials is a pump?
Absolutely agreed. I looked at the history of this company, financials and PR and I'll admit that 1.5 years ago this company was not worth the investment. They've changed their tune on the mj industry (rightfully so) and have seem to find their path. This is a good start for them. I personally have time horizon of 18months-2 years for them.
Thanks. Just trying to point out the facts when misinformation is given. Amazing how bold some people can be.
Wow this came out a lot sooner then i thought
Unless i misread something. Reported 2nd quarter net income came in just under the market cap. Stock price seems to have some catching up to do.
Quarterlies normally come unaudited. Annuals are normally audited. Standard practice. Check the financials for larger companies.
Where does it say they did 70million?
So the payroll couldn't be that of their subsidiary? It appeared after the closing on krsna. So the income statement your actually seeing is mostly that of krsna. Its been like that for the past 3 quarters.
So the claim is that he doesn't sign off. This can be found on all the disclosure statements that accompany the financials. All public information and has been available for years.
Actually yes he did sign off. He's signed off on all of them
No revenues? So explain the 4mill thats reported in the income statement. Exactly where did that come from? Again look at all the financials for the past year and the picture will be clear
You talking about the 30million that was produced for 2016? ICBU didn't own the company the whole year. They can only report for the time they owned them. Purchase came in late 2016.
nope audited has never been there. Always been unaudited, that is well known and public and is for individuals to determine for themselves how to treat it. But they are still financials reported to the regulators. They could easily just have an PR that shows numbers and don't report anything.
Did you look at the Information and Disclosure Statement? Been there for the past 3 reports.
well 1 reason for micro penny might be the multiple posts from people claiming scams? The multiple lies and misinformation to try and support the scam claim. You know as well as I do there is one person here who has purposefully given material misinformation and even you have proven time and time again he lies not only on this board but other boards.
Honestly nobody really has to prove anything to you. If you don't want to be in this investment then don't. People have access to all the information that you've pointed and and even more that you haven't. Leave it up to them to decide.
Multiple posts of yelling and screaming of scam and lies doesn't mean much. Keep it real, you started all this because they were late on the financials, you thought they weren't coming and now here they are. They've updated that they will be fully caught up in the next week (i'm giving them 2). The pr's you pointed out have been out for months, but when the stock takes off now they are a problem?
Let's be fully transparent and release full information. Within the same press release was the following:
Interesting how people ignore pieces of information. You said before if they released financials something would be fishy. Not sure how releasing financials us being fishy but they did release them (later then indicated but released). The pr only said the financials were released and the final catch up is coming.
During your dd, did you even bother to look at them? You said before they didnt buy a mine by they have 3 quarters of reports showing it and another quarter coming up. During your dd, did anything in their financial reports look funny?
People who call this company a scam continue to do so because they dug themselves too deep. Scam involves illegal activity, its a strong accusation, it market manipulation claims. There are people here that have been trolling this company for yeara claiming scam but nothing happend. If you know anything about the SEC over the past few years, the crackdowns have been fierce.
FYI, they've recently started a task force to look into people posting on sites on ihub.
Well I guess I got what I wanted. lol
If you had read more of the filings you wouldve known the name changes happened prior to the current ceo. You wouldve known more abouth their other businesses. It does a disservice to others to report scam without doing a full review. It took me going thru multiple reports to know the businesses they were involved in, why revenues decreased to basically nothing, what they had to do to keep moving. If you looked at previous reports you would kniw a lot of the liabilities came in with the mining company.
What is your basis for this?
If my math and calculation was correct, i calculated a .ooo8 eps based on common shares and .oo7 book value based on current number of shares outstanding. Someone can correct me if they calculate something different.
I will rely on all information that is available to make the most informed decision.
It's why I didn't set my expectations like everyone else. They are slow. I don't really expect a PR since its a catch up on 2nd quarter earnings but if there is one i'd like to know when to expect the 3rd quarter earnings.
Everyone knows the information supplied to OTC comes from the company. Documents have the CEO's signature on it. There is no dispute. But it still doesn't relieve the company of their responsibility to report the information accurately. If they were reporting false information then i would suspect they would've been called out along time ago.
Would be easier to buy the scam idea if some direct links or documentation showing a scam was provided. Bad business decisions doesn't equal scam. We are on our 3rd straight quarter now with ICBU reporting KRSNA revenues, I would be hard for me to think this is fake.