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Re: eelfland post# 13130

Friday, 01/12/2007 10:58:08 AM

Friday, January 12, 2007 10:58:08 AM

Post# of 49486
I agree with you, I want to know where a lot of the money is. Almost 2 years ago, Ed said IBCX had $30 million in assets, and according to what he has been telling shareholders lately, the entire company is now worth less than $600k. That is less than the cash position reported in the unaudited statements on the company website.
I think we should expect a significant amount was added to the O/S, my guestimates tell me there were about 100M new shares added this week alone. In the company's current situation and the level of interest/sentiment, I don't think regular 'real' trading would amount to anything over 5M-8M shares per day. Anything above that is dilution in my opinion.
I'm a sucker for punishment too, and held on because I couldn't believe my suspicions could be true, and that anyone would expect to get away with it.