Good news is that I don't think this symbol is InBg anymore. Their website is off and if you check CA business search they are forfeited. If anything I think someone new is going to take over that symbol and anything is better than before

Where are you getting 230 million shares. I'm long but isn't the OS over a billion?

Dr PTAC baby, oh yeah, game changer. Life altering!

But the attorney filed the letter saying the company was current. That's supposed to be the last thing

I'm pretty sure all those filings on Friday covered it, just don't know when OTC will reflect it

I think they are waiting to release news until they are current on OTC. Looks like they've done the necessary filings, but anyone know how long it takes for OTC to update their system after they get the attorney letter?

I think that bid was for .001

What does short and mid term mean, mid term sounds like it could be 6 months from now when you put it like that. I thought it would have happened by today, and I'm getting a bit nervous

This should be taken as good news. We're not on the list! Ill say again were not on the list! A large chunk of the competition just got wiped out and cleared a path for us. If you examine the violators closely and then look at Bisus site, it's as if they anticipated this and were on the ball in taking steps to not commit any offense.

Hi, I'm long as well waiting for news. I was wondering if you've talked to anyone at the company recently. I talked to Josh Williams a month ago and he gave me a friendly update, but recently I tried his number and was hung up on, and I just get voicemail when I try the other company numbers. Have you had any better luck?

Do you guys remember Im g g. It had 4 times the OS and ran to 2 dollars on something that wasn't even legit. But we have REAL patents and the company was once part of the legit stock world. It just went to sleep a while. Well, I say: Good morning!

He's not selling, he's doing tricks. He makes it look like he's dumping but he's also on the ask and gobbling everything, himself and other fools who think he's dumping and dump to. He's trying to get everything he can

Here we go!

https://gust.com/c/psi_medical

Check this out. Their officers are our officers. Looks like things are just getting started!

The filings say the closing should occur on or around august 30 (thursday) but no later than September 20th.

I think once the sale closes this thing will go ballistic. I thought it would move more before, but I think people who follow pennies know that anything can happen in the due diligence period.
I do think it will close and I will be glad I have my 1.3 million shares when it does. Wish I had more, but that's what I got.

I told you guys!
Read this from the just filed 14c. Just like I said, this deal eliminates ALL debt as if you read the bill of sale the buyer is taking on the debt that is due to purchases of inventory for contracts which means that the sale transfers roughly half the debt and the sale price covers well above the other half leaving the company with working capital to focus on Bulova Europe which is is keeping and which does have contracts with the US. It's like having a brand new company!
Read below from the 14C. Awesome, can't wait till next week and closing baby!
14C
-------Reason for the Transaction------

After careful review, the Company authorized the sale by BTOS of its assets for two principal reasons - a) to focus its energies in the pursuit and completion of higher margin, less capital and labor intensive contracts through its wholly-owned subsidiary, Bulova Technologies (Europe) LLC (“BT Europe”); and b) to relieve BTOS, BT Europe and the Company of burdensome high interest debt that is currently in default, and to provide working capital to ensure future growth.

Conditions to Closing of the Sale of the Assets of BTOS

The completion of the proposed sale of BTOS depends upon the meeting of certain conditions, including the following:

·
The representations and warranties of all parties shall be true and correct in all material respects at and as of the Closing Date.

·
There shall be no action or proceeding by or before any court or governmental body seeking damages or seeking to restrain, prohibit, invalidate or otherwise challenge the agreement or the transactions contemplated by the agreement.

·
BTOS shall have performed and complied with all of its covenants under the agreement in all material respects at and as of the Closing Date.





Risks
After careful review the Company determined that selling the assets of BTOS and closing its operation relieves the Company of further capital investment in the business and relieves the Company, BTOS, and BT Europe of substantially all of their high interest collective debt and provides required working capital.,

We did not seek or receive a valuation of the assets of BTOS or a fairness opinion with respect to the transaction. Because the sale was negotiated on an arms length basis with an unaffiliated third party, management believes the value to be received by the Company is fair relative to the value of BTOS.

It says there is a 2 week DD period , so I'm assuming after sept 5, the deal is closed

Nobody seems to be doing their DD here. This contract talk is beside the point. They sold that division and it's contracts for 11.2 million dollars. Now they have a large cash position to focus on their European arm which recycles and resells ammo with/to NATO countries.
The deal takes them from a spread-to-thin business straddled with debt to a streamlined business, with a substantial if not entire debt reduction.

Damn I wish I could buy some of these .51s. I mean who knows how many more they'll sell but I can't even put a bid, TDAmeritrade says I have to contact a broker to bid on these.

We know what this stock is worth by the filings. MMs can try to play some games but it won't last with such a small float. Not selling below 4, hoping for 7

don't think so look like they will announce the very same day the d comes off

I"m pumped man, can't wait until this thing closes. We all got split pretty hard, but I think this stock should land between 5 and 10 bucks a share, perhaps more if we have the balls to hold it long

But preferred are usually or basically always convertible to common and/or restricted.
I think we're making this to complex.
Diaz gave the company over to Holdings so that his commons would be worth something. He gave 40 million additional shares (maybe preferred, maybe restricted, who knows) to Holdings so that they would continue to be in control of their own company, perhaps there was some cash we don't know about exchanged as well....
That's the only thing that makes sense.

Pretty sure the preferred are the 40 million restricted, he gave Holdings, he probably owned some commons, which is how he's making money... I just don't see how else this works.

all of the OS was split. So you're saying, he owned none of the common OS?
Well, I don't know how he's getting paid, but I know he's not getting 40 million new shares. The shares are currently a dollar. I don't think Diaz just got 40 million dollars richer for selling a shell

Diaz probably owns a big chunk of the current 500k float, so it's more than worth his while to make the merger happen because his company was basically worthless before and now however many shares he had before will be worth quite a bit. HE could possibly make millions depending on just how much of the OS was his. Remember that last listing on pink sheets said that the float was only 10 million, which means the rest of the OS was 90 million. That would be 450k shares post split for Diaz. Probably the float was a lot bigger at the time of merger but who knows...
Directly from the current LOI:
"After the reverse stock split, GEH will have approximately Five Hundred Thirty-Three Thousand Six Hundred Eleven (533,611) shares of common stock outstanding. GEH will then issue Forty Million (40,000,000) shares of its restricted common stock to Holdings Energy"
So I mean, it's clear as day, Dias as CEO of Green Equity is giving the 40,000,000 shares to Holdings.
IF Dias kept the shares, Holdings would essentially be giving their whole company to him for nothing. That's not happening. Dias will be very happy with however much of the 500k float he owns. Hopefully those share have some sort of restriction on them to, so he doesn't undercut us, but I think there is a lot of potential here. I don't think Holdings want's to mess around with Pink sheets status too long. They seem to want their share price high so they can move to the big boards quickly.

I think that's way off. Diaz won't get the 40 million restricted shares. That would make him the majority owner of Holdings energy! Holdings get the the restricted shares. That way they control their own company. It's spelled out clearly in the LOI.
THis is pretty great though. Basically the company is going to have a 45 million OS with a float of 500k.... That's awesome.
I think Holdings is a real company with real business and lots of potential

Yes, I made a typo, the point was that in 2012 they have already done 150 percent of the business they did in 2011, and it's only april... They are on pace for well over 10 million in revenue this year

Well in spite of all the negative stuff others have posted, the 10K said that in 2011 they installed 1M megawatts worth of projects and they said that they have allready signed contracts to install 1.5M worth in 2012. So if they made 6 million in revenue in 2011, they are essentially stating they already have 9 million coming for 2012 and it's only April... Hopefully the notes will end soon and they can use their cash to expand. With all that revenue it seems promising to me. I think that is why there wasn't a major selloff today after the 10K came out

Oh damn, check back, they are filing stuff left and right, several more filings, including 10qs just added, they will be current in no time!

Did you guys notice they also just added laufer bridges original articles of incorporation and bylaws to pinksheets.com... Clearly they are working hard to get current and things are in motion. Great sign!

KY and his brother Nelson once shared an office. maybe they still do. I know that Nelson works here:

Allied Consultants Inc Nelson Yeung 190 E. Arrow Hwy., Unit D San Dimas CA 91773
Maybe someone in the area can drop by for a visit and console him on the failed merger?
I'm sure he could use some kind words...

where does it say that?

MY bad forgot about that... the only thing is that they better up the price somehow or they won't be able to sell anymore no matter what the AS is and the Q was pretty good

It's not a bad Q and they are almost at their authorized share limit. Could see good things next week. Nice gross profit and revenues

Something is definitely fishy here. The new 10Q still clearly states that the merger is still in process, a direct violation of SEC law if indeed FHH Sino is the company that was bought out by Sino Dragon(and it obviously is)...
But someone did give 50,000 dollars apparently for preferred stock.. Who would buy preferred stock in this garbage if there wasn't some value..
The only possibility that would be within the framework of legality is if Sino Dragon was going to merge with INBG... We'll see. I doubt it...

Unless, and this is truly a pipe dream... INBG reversed merged with Sino Dragon so that they could go public in the US.... Ha, I'm laughing at myself....seriously doubt it

I gotta say, i know I started this, but upon reading further, I'm not sure I'm as hopeful anymore.

A Mr. Wang (we all got wanged here) sold his Haney Holdings which held Weihai Group which purchased Fuihuaha Chem.
to
Sino dragon's subsidiary Kanway Investments.

I don't know about the 49 % purchase that was talked about before, but from the document I linked, it says pretty clearly that Fuihauha is now a wholly owned subsidiary, meaning that it's now fully owned by Sino Dragon and therefore private meaning they can't sell stock. So I just can't see any room for INBG...

I'm back to hoping the announce some other BS scam and I can get out at .0003 where I bought in.

Actually, the shares were granted to the consultants May 15, 2011, so not exactly in line, but still something to think about... Just wishin on a star here