IMD Companies Inc (ICBU)

[bigballer_sa4]

I agree this with Zues and I truly respect this. I've said it before that prior to a year ago, I didn't think this company was worth much. It had a bunch of failed ventures and we saw a lot of that in small companies trying to cash in on the mj market. Many failures there. I changed my mind when they had the PR regarding the company with the 100mill revs and the announcement for the KRSNA company. One can still be skeptical since the other ventures didn't work out and that was clearly painted on their financials. If you go back and look at them, there are no revenues so the basically reported the failures.

Now the annual reports showed the revenues due to the purchase and the disclosure also referenced the purchase as well. Also, the annual had to have the attorney letter which assigned another person to validate. I still hold to the

Sarbanes-Oxley Act

which basically states that the CEO/CFO has to sign off on the accuracy of the quarterlies and annual reports.

A couple of the disclosures the attorney has to sign off on are:

I have examined the corporate records, talked to the appropriate parties and reviewed the
documents I considered necessary for the purpose of drafting this letter.
The information referred to above (i) constitutes “adequate current public information” concerning
the Securities and the issuer and “is available” within the meaning of Rule 144(e)(2) under the
Securities Act, (ii) includes all of the information that a broker-dealer would require to obtain
from the Issuer to publish a quotation for the Securities under Rule 15c2-11 under the Securities
Exchange Act of 1934, (ii) complies with the OTC Markets guidelines for providing adequate
current information, and (iv) has been posted through the OTC Disclosure and New Service.
The issuer’s transfer agent is Olde Mammoth Stock Transfer, Inc. 200 Memorial Parkway,
Atlantic Highlands, NJ 07716. Olde Mammoth Stock Transfer Inc., is the transfer agent for the
company and is registered with the Securities and Exchange Commission. I have confirmed the
number of issued and outstanding shares of in the 929,740,572 December 31, 2016 disclosures
and information statements by discussing the matter with the Issuer’s transfer agent.

I know for most this doesn't constitute a true audit but in the eyes of OTC it's a signoff.


I find it hard to believe that a company who's been reporting basically close to nothing revenues for years would all of a sudden start reporting millions of dollars without anything behind and get an attorney to sign off on it. Seems to be too much at risk here. I see this as a turn around for the company and I can see how those caught up in the mj craze can have soured towards the company.

My thought , if the company was going to do a scam regarding the mines, they really wouldn't do official financial reporting for it and they wouldn't have an attorney disclosure for it (which per pink guidelines is an acceptable sign off). That would just be too easy of a case for the SEC. As you can see with the price, you have to sell a ton of shares to make any real money off it so Rick would be risking way to much for little gains in this.

I wont'use the term scam until i have proof of some type of illegal activity going on, but I will call a company a bad stock which i think this was over a year ago. Not so much now.