Intl BioChemical Industries Inc fka IBCL

[NoMoDo]

considering the market cap of this stock, it could easily be argued that $500k is a good deal. The 2 problems I have is:

1. that Tim has been selling IBCL stock from his own account causing our stock price to drop and

2. the price of the stock has been severely been beaten up by the lack of control over hicks.

Now, everyone deserves to get paid, but if you are the CEO and you don't have enuf to pay yourself, you don't take a paycheck (selling your own stock) til you do. Selling IBCL stock while buying the single real asset of IBCL for your kids shows at a minimum that your interests are not in ibcl.

As for hicks, that one is a bit tougher. IBCL owes the money. Hopefully if Tim and hicks are working together as UTOH suggests, Tim was smart enuf to give nova shares in return for wiping out the convertible.