That's where the financial statement comes in. We know that the Float is only 5 mil. So we can assume that it was not tradeable stock. 50 mil in total issuable authorized shares of which balance to be used as investment capital by restricted sale to investors at a dollar. 20 mil restricted owned by CEO.
Must have been cash. IBCX traded at .0001. Any idea how many shares outstanding at that time. Even at 50 billion shares thats only 5 million dollars. I do not think that he would even get $50,000 for the shell since he would have to pay off all debt.