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Sunday, January 07, 2007 9:08:12 PM
You are posting false and misleading information regarding the time it takes for a reverse merger to take effect and begin trading on the OTCBB!
From the moment they announce the purchase of a fully reporting shell VIA 8K the following must happen:
Within 45 calendar days of the 8k the company IBCX must file a full business plan and fully audited financials VIA 8k with the SEC.
The SEC then has a 30 to 60 day period to comment on the financials and business plan.
Only after those comments have been answered to the satisfaction of the SEC will the company than be allowed to begin trading on the OTCBB.
The only benefit the company gains by reverse merging into a fully reporting shell is that they don't have to report what may be considered past indescretions, such as reverse stock splits, press releases or deals that were reported and never materialized etc!
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