Tuesday, September 18, 2007 1:11:42 PM
This is a question/email I received last week from Michael. I will leave it up to your interpretation. I also submitted a followup but have never received a response.
I WROTE:
It looks like more dumping today. Is management putting the rest of the A/S on the market? If so, are you planning on a reverse split?
Also, is Garr still just being paid in shares or is he now receiving other compensation?
REPLY:
C'Mon now!!!
Investors were asking and demanding a PR and we issued 2 this week. When we issue PRs we are no good when we do not issue Prs we are no good. How do we win? If and when a reverse split happens we will make sure that there will be plenty of good things to put out to keep the NEW price up. We have more then enough shells in IFGX as assets we have a line of credit in place we are sitting on a good pile of cash and the business is doing fine. Now we will do all we can to reflect that in the price per share.
Is Garr getting paid? No hes not! Read the Pr where it says he gets pay pinned to share value. What was the stock at that time? 0% appreciation well then hes got 0% stock! Why is this hard to accept?
Sorry if I sound a bit snappy but there was a split against putting out any Prs until the reverse (be it 3 -6 or 9 months from now) and then we Pr 3 or 4 or 5 a day to keep the price up if we have to.
We have a good CEO and we should be proud of him. 6 shells Tony! Find 1 pink sheet co with that kind of asset base.
Have a good weekend
Regards
Michael
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