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Re: LostMyDonkey post# 12978

Sunday, 08/03/2003 10:28:40 AM

Sunday, August 03, 2003 10:28:40 AM

Post# of 14671
lol. Donk, I have no problem with your getting personal. However, If I could repeat what GG said, when some cannot argue facts, they turn to getting personal. I don't tell anyone that they drink too much, I don't accuse others of being who they are not. I try to point out the facts as I see them.

I don't have inside information as you have claimed publicly as well as privately. I do my homework and can provide information that you cannot conceive because you have either a. not traded stocks enough, or b. you do not have enuf experience in running a business, or c. you have not done your homework enuf.

I have talked to tim as well as derdre (tho rarely). I have talked to the sec, judge's secretaries, nasdaq, lawyers that were involved with IBCl in some way. I have talked to other penny stock CEO's to discuss the choices in controlling short selling - including trying to get out of the DTC. I have learned from Avi's past posts, as well as his actions/inactions. I have read about Avi as well as his past partner. I have studied Canada's trading laws. I have studied Conversion financing, Reverse Mergers, Reverse splits... I now know what a sc-13g is. I know how to read a balance sheet and income statement. From my education in finance, I can see trends in things like inventories and receivables. I know the value of cash flow.

IBCL for me is an advanced finance lesson. I know about 3 pages of ratios that help determine the value of a real company, but my finance education did not discuss companies such as IBCL. You are here to tell the world about your pain concerning your investment. I am here to learn more about stocks in general and even IBCL specifically. Many posters have helped me learn - you have not.

I am not a supplier, but as my emails to you indicated, you were wrong on pricing of IBCL's products. I emailed you 4 times telling you so. I read your emails and saw where you were misreading, and tried to explain, but you would not listen. I know very little about epa approval to sell products, so you and I have never really discussed it - I just didn't want to spend my time researching that topic, cause I don't find it interesting. You on the other hand should have. But back on the subject...

Whenever IBCL has done something or said they were going to do something that I didn't know about, I got on the phone, or "pal talk", or "IM", or email, or private message, or checked my search engines, or pulled out my old finance books, or bought new books... I did this so that when I trade other stocks, I would be that much more aware of the financial impact of the decision. That, and the education in itself is something I really like.

I don't claim to know everything. In fact, I learn quite a bit all the time. I do however believe that I have spent enuf time on this company to know a far greater amount than you do. I have learned about the players, but mostly from 3rd person. I know that people like Utoh whose wife used to work for the company knows much more about the people and the intimate aspects of this particular business, but I believe that he posts his subjective opinions more than facts because he feels his wife got screwed - that and he has a friendly relationship with jacques and dr v. To me his posts are always interesting, but I always remember his perspective. Even tho his posts are generally from the opposite perspective, he adds to this board. You on the other hand make things difficult.

I have a hard time with most of your posts because I truly believe that you have no clue what is going on and choose not to expand your horizons enuf to get up to speed. I am not trying to be mean or spiteful, I am trying to tell you where you are on the wrong boat or barstool - or bar. Nobody is saying that this company is doing well or even that management is doing a good job in keeping it's shareholders happy. The thought that you believe I am trying to cover up "the main issue" had me laughing so loud, I woke up my kids this morning. I told you what I thought was the main issue, but you claimed you had superior knowledge. When I asked you to state basic information on the subject, you went personal instead of taking my challenge and even going to google to pull up info on the basics I suggested. Had you done that, I believe you would have started to see things in a different light.

I do not think I will change your opinions until you are willing to go outside your knowledge base and start asking questions and then finding the answers. I never expect anyone to take my posts as fact, only as a starting point to doing their own homework in areas they may not be aware of. Those who have superior knowledge can also tell me where I have made a wrong assumption - where I will take their post as a starting point to increase my knowledge base. Try it, it is more fun than worrying about the $150 you lost.

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