IGII (IBSG International) (fka IGII)

[abh3vt]

Kaiser,

One of the frustrating things about this company is that they don't reveal pertinent info that investors need to make a value judgement on the company's shares.

Look at this latest one regarding WestCap Securities.

"The company is targeting to raise $3 million in additional capital which has already been partially funded."

How much of the $3MM has been raised? How many shares were issued to accomplish this?

IGII is purposely keeping investors in the dark about this...

Also, what's up with the emphasis on EBITDA? If the company is truly profitable, which Rivers has said privately, then why not mention its profit potential?

BTW - when will the promised financials be filed? The company had promised way back in November 2003 that an 8K would be filed with previous years financial history but now it looks like all we'll get is the 10K for the current year (which may not even include the financing info if it occured after Dec 31 !).

I'm a little ticked off, because the glowing projections have got to backed up with some hard numbers.