This is the response I got from Daryn. Read from the bottom up.
Hi Matt:
Yes there have been difficulties in executing the business plan, as
should be expected with a small development stage company. When you work with third parties that have difficulty executing what they say they will do its very difficult and hard on us. WTMY failed to put us on when they said they would. They say their technician can't pick up the satellite broadcast. We are working on that. Again, that is beyond our control. We are waiting for WTMY because that is needed as a flagship to be able to secure the other AM affiliates. So it has held everything up.
None of this is an excuse, we choose to continue with our company
rather than bailing when things get tough. It is not excuses it is facts.
You have to understand probably 90% of these little companies never
make it. So they do reverse splits, huge S-8s, running their stocks into the ground at some .000 stock price . They could care less about their
shareholders apparently.
The reception problems are being addressed and there is now a back up stream for Stock Talk LIVE if it ever goes down again like it did on Friday. We will be soon instructing the listeners how to proceed in case of an emergency broadcast situation. We realize that Stock Talk LIVE gets hit with technical problems. That is because the audience is huge compared to Lou's show. With thousands of people listening, internet broadcasting becomes very delicate. It was addressed over the weekend and we expect Stock Talk LIVE to be flawless from now on, especially with an emergency backup.
The short term shareholder issue is a concern with us. We are trying
to create a long term investment here. One of the things about long
term investments is that volume is not as brisk. Why? Because the
company is real instead of someon es "trade." Right now we are 40% higher than what we opened up at .01 two years ago. Most companies are so farbelow their offering prices it is almost laughable. Stocks fluctuate. They have 52-week highs and lows. Each year in January, February and March IBCS does much better. I suspect that will be the case next year. Those who are not satisfied can sell, that is the beauty of the stock market.
As far as telling people big things are happening its because they
are. Do they guarantee an increase in stock price? Of course not. This is the stock market and no one can control a stock price. I am very impressed with our recent progress as far as sponsors go. I believe this will be reflected in the quarterlies in the near future. Continue to watch the wires for new sponsors, you may be surprised. Also, our recent signing of 8 radio stations that will carry a Stock Talk LIVE 90 second M icrocap Report is very significant. I think this is big news. And we are still working on the Wi-Fi project as well, again faced with huge delays. This was big news for us, but the stock is going to do what it is going to do.
Things don't always work the way we would like. The alternative is
never put out press releases again, just post news in filings. Then
everyone would complain, so we don't want to do that Yes the press
releases are sometimes forward looking but that is how PRs are with companies down at this level. We are doing the best we can do under the circumstances and will continue to do so. We have a demonstrable business plan that is just starting to prove promising. Plus, the stock market is improving. A better stock market means more sponsors, more success for the company and ultimately a better stock price. We have been through miserable times in the market and things are finally starting to turn. I think that the long term approach will make our stock rock solid and prevent it from collapsing to some .000 level like hundreds of these companies. Does it mean there won't be low points throughout the year? Of course not.
I think the price for IBCS right now is rediculously low. However
this creates an opportunity for savy investors who look for bargains.
Things could take a turn for the better between now and Christmas if the stock market itself continues to heat up like it has in recent days.
We appreciate all investors continued support of our company. The
longer we are around the better the chance of our success. And we aren't going anywhere. I appreciate your letter. My door is always open for questions and comments. Thank you.
regards,
Daryn Fleming, President
IBCS
> Daryn,
>
> I have been a shareholder in IBC for quite some
> time now. I feel it is important to let you
> know how I, and many of my friends who own
> shares, feel about the current situation. I'm
> sure you are seeing it on IHUB as well.
>
> It was apparent from the beginning that IBC was
> a small start-up with no funding. We< BR>> understood that when we took a combined
> substantial (in excess of 5 million shares
> total) position in your company. However, in
> our opinions, the follow thru with th e business
> plan is not what we were expecting at this
> stage. It is no longer a valid excuse, we
> feel, to state that IBC is a startup and things
> are beyond their control. A few examples:
>
> -AM Radio deals were announced today, but when
> will they actually occur? The FL station is
> still not online and that was announced many
> months ago.
>
> -Reception is absolutely horrible at times. I
> cannot imagine what your sponsors think when
> they tune in and you are off the air. Problems
> and glitches happen, but Lou's show, for
> example, never has these problems. We cannot
> see a bright future for revs if this continues.
>
> -Attitude towards short-term holders. I have
> heard you state more than once that you do not
> want short-term players. Why not? This is what
> creates excitement in a stock. Why chase them
> away? Zero volume day s are not good for
> anyone, especially us longs.
>
> -Lack of followthru. Almost daily you state
> 'big things are coming', and nothing ever
> happens. It's a huge letdown for everyone when
> this occurs. If you are interested in pumping
> the stock, pump it, but if you are not, why
> make false promises?
>
> I state these things not to bash, as sour
> grapes or otherwise. The money that we have
> invested in IBC is money we can afford to lose.
> That's not the issue. If there is no
> appreciable increase in PPS by the end of the
> year, some of the group will be selling their
> entire holdings for a loss. I will hold out
> until January, hoping that something will
> happen (you've st ated that 'big things' will
> happen in January...). If not, at that time I
> will sell for a substantial loss as well.
>
> I wanted to let you know how we feel abo ut the
> current situation. We have been holding for a
> long time, but there is only so long we can
> continue without asking these questions, or
> moving on. We all respect what you and Darrell
> and the rest are trying to accomplish, but our
> concerns are genuine.
>
> Matt
AI
