IMD Companies Inc (ICBU)

[bigballer_sa4]

Company announced the purchase on 12/21/2016 and the company reported the 3rd quarter period ending 09/30/2016 on 11/20/2016 so it looks like at this time the financials were done and they were current.

This can be validated here:
https://www.otcmarkets.com/stock/ICBU/filings

The annual report where they disclosed the purchase was done on 3/29/2107. Since they don't have audited financials they are required to submit an Attorney letter which they did.

IF you have any questions regarding the requirements you can go here.

https://www.otcmarkets.com/learn/otc-company-reporting.

You may want to note the following:

3. If financial reports are not audited by a PCAOB registered audit firm, upload an Attorney Letter via www.OTCIQ.com complying with the Attorney Letter Guidelines within 120 days of the fiscal year end.

This can be found on the word doc attached to the "Pink Basic Disclosure Guidlines" link.

In regards to the 70mill contract which they have 2 years to complete, i would think the revenues reported should be a driving force for that. But everyone can also wait till the annual to see the Attorney letter sign off on the report. He's already signed off on the purchase of KRSNA.