Intl BioChemical Industries Inc fka IBCL

[NoMoDo]

That is a good question. I don't know enuf about securities regulations, but was told by a friend that you must have liquidity in your stock. I have no idea whether this is true and right now don't have the time to look it up. If that were the case, it would mean that we hit the magic 100 mil outstanding mark and need to bring that number down somehow to make things more liquid. If liquid is the correct term.

Another thought I had was that Hicks is owed more shares (much more) and there may be a contractual obligation to call for a vote on a R/S so that he has the potential of getting paid some more. Again this is nothing more than speculation.

I know that a while ago, tim has privately and publicly stated that a R/S would not be in the best interest of the shareholders at the present time (present time being at least 6 months ago). I don't see the situation changing for the better since he made those statements. Are we to conclude that the R/S vote is forced on him or did he have a change of heart? Either way, I take his earlier statements as true - it wont benefit us at all to R/S.