IMD Companies Inc (ICBU)

[Crusen]

I have absolutely no problem with this reason for the financier to sell shares.

One of many such entries:

"On October 1, 2012 the Company issued a convertible note that had an outstanding balance of $42,1378 (SLOVENLY)...During the quarter ended June 30, 2014 the Holder converted $4,750,351 (DOUBLY SLOVENLY PRACTICES HERE) shares. The converter has converted a total of 26,337 of principal of the note through the quarter June 30, 2014. The outstanding balance of the note was $15,800 at June 30, 2014."--Last 10-q, ICBU

PPS=$0.0055 Shares traded significantly higher during this time than now

"10-Q 6/30/2014 filed 10/05/2014

Total Current Assets- $187,377
Net Income- $202,406 YTD
Total Liabilities- $937,012
*Additional paid-in capital 2,708,280


284,121,512 O/S Common
11 Series A Outstanding
50,011 Series B Outstanding"



Perhaps you should worry about the large amount of convertible debt this company has been accumulating????????????????

I would, if they had my money.