Wise Investments

[walkingmoney]

Chuck: As many years as I have been trading I have never seen anything like what IBC or now IBCIQ is doing with the PPS yesterday and today. In anticipation of it being delisted and going on the pinks it went down last FRI to around $3.00 for not filing even after already getting an extention on time. I bought 5k shares due to I knew that part had already been figured in the PPS just in case. Well Wed they announce chapter 11 and it gets delisted also the same day from the Dow and taken off the Russell 400. Yesterday it was trading on the pinks and the PPS went up as far as $4.00. Today it is still trading around the range of $3.28 to $3.58. I just don't understand why the PPS is holding up with the delisting to the pinks and a chapter 11 hanging over their heads. I wanted to buy more and figured it would be another HLSH in the making, but that has not happened so far. Either there is some heavy insider knowledge of some kind or some very large money is trying to take over the company sort of like a Corp raider play. We are talking millions and millions of dollars on big blocks going through. Yesterday 11 million shares traded and today over 17 million already. All institutions and funds are required to sell once any company is delisted and on top of that files for chapter 11. This is one for the books and no one I know can figure out what is going on. Would like to get your or some other knowledgable trading persons take on this and if they have ever seen anything like this before. Best regards, Walk