Rivers talked about moving to the Naz in the first CC he held in October 2003. He had what appeared to be a shill asking him leading questions to attempt to enhance the value of the company.
Shortly afterwards he started selling stock in the company IGII as if a merger had already taken place, which did not actually occur until several months later.
I was aware of the bait and switch tactics used by Rivers and made them public over a year in advance of others understanding what had happened. At the time I discovered this the stock was trading at its all time high pre-split at $1.70 share. I was holding about 40K shares at the time and had started buying in the sub $1 range and averaged up. Luckily, I and many friends I informed of Rivers scam tactics managed to get out at about even.
I suggest strongly that you read every post at the URL I gave you. The company was founded on fraud and has continually mislead investors who have not carefully read every press release, SEC filing, and other drivel put out by IBIN.
Inherently, Rivers has raped investors for millions and millions of dollars through the use of material misrepresentation and deception.
The last poster who stated that this new accounting firm was going to help is full of BS. I challenge him to show me what happened to the almost $12 million in accounts receivables that IBSG claimed they were due in the period from inception through January 2006 or for that matter any other money supposedly earned by the company. I challenge that poster to provide verifiable evidence from any single licensee of the product that they have ever paid a dime to IBIN. I challenge him to locate how many of the 15 million shares held in his wifes trust accountt slowly made their way into the market place without producing a SEC filing in her name. (I know.)
If those questions remain unansered to him, he doesn't know diddly about the inner workings of the IBIN stock scam.
If this is the best investment you can find in the market place you surely will lose most if not all of your money.
Here is an exact copy of an email that was received from a person inside IGII/IBIN when an inquiry was made regarding a private placement in 2004:
"You should be carefull where you throw your money.
This man is an acoplished liar.
Dig deeper."
AI
