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Saturday, November 13, 2010 8:59:37 AM
From bathomspson on Raging Bull Boards:
The following debts need to be paid by the end of the Q
In order for the company to be current.
Remember that the average daily volume is 17.5 million shares. Times 60 trading days in the quarter equals 1.050 billion shares.
The debts in this post are still listed in the most recent 10Q as being past due and owing. They represent 1,593,800,000 shares which need to be issued to cover: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=43622453
Now lets look at the shares that will be needed to cover the convertible notes due during the current quarter. From the most recent 10Q: http://moneycentral.msn.com/investor/sec/filing.asp?Symbol=inbg
10% Interest; principal of $104,757; convertible to common
stock based on 75% of average price; due on 12/31/2009, net
of unamortized discounted related to the debt discount of
$30,430 ....$74,327
10% Interest; principal of $11,000; convertible to common
stock based on 75% of average price; due on 10/9/2009, net
of unamortized discount related to the debt discount of $459 ....$10,541
10% Interest; principal of $31,925; convertible to common
stock based on 75% of average price; due on 12/31/2009, net
of unamortized discounted related to the debt discount of $0 ....$31,925
10% Interest; principal of $10,269; convertible to common
stock based on 75% of average price; due on 12/31/2009, net
of unamortized discounted related to the debt discount of
$780 ....$9,489
10% Interest; principal of $12,500; convertible to common
stock based on 75% of average price; due on 12/31/2009, net
of unamortized discount related to the debt discount of
$4170 ....$8,330
10% Interest; principal of $32,017; convertible to common
stock based on 75% of average price; due on 12/31/2009, net
of unamortized discount related to the debt discount of
$10,725 ....$21,292
10% Interest; principal of $40,542; convertible to common
stock based on 75% of average price; due on 12/31/2009, net
of unamortized discounted related to the debt discount of
$15,715 ....$24,827
10% Interest; principal of $10,642; convertible to common
stock based on 75% of average price; due on 12/31/2009, net
of unamortized discount related to the debt discount of
$3,565 ....$7,077
10% Interest; principal of $9,458; convertible to common
stock based on 75% of average price; due on 12/31/2009, net
of unamortized discounted related to the debt discount of
$3,000 ....$6,458
10% Interest; principal of $37,133; convertible to common
stock based on 75% of average price; due on 12/31/2009, net
of unamortized discounted related to the debt discount of
$10,576 ....$26,557
10% Interest; principal of $5,000; convertible to common
stock based on 75% of average price; due on 10/28/2009, net
of unamortized discount related to the debt discount of $595 ....$4,405
10% Interest; principal of $10,000; convertible to common
stock based on 75% of average price; due on 12/31/2009, net
of unamortized discount related to the debt discount of
$3,271 ....$6,729
10% Interest; principal of $7,209; convertible to common
stock based on 75% of average price; due on 12/31/2009, net
of unamortized discounted related to the debt discount of
$2,257 ....$4,952
10% Interest; principal of $23,847; convertible to common
stock based on 75% of average price; due on 12/31/2009, net
of unamortized discounted related to the debt discount of
$7,375 ....$16,472
10% Interest; principal of $20,000; convertible to common
stock based on 75% of average price; due on 12/31/2009, net
of unamortized discount related to the debt discount of
$6,578 ....$13,422
10% Interest; principal of $25,000; convertible to common
stock based on 75% of average price; due on 12/31/2009, net
of unamortized discount related to the debt discount of
$8,181 ....$16,819
10% Interest; principal of $70,000; convertible to common
stock based on 75% of average price; due on 12/31/2009, net
of unamortized discount related to the debt discount of
$22,778 ....$47,222
10% Interest; principal of $36,867; convertible to common
stock based on 75% of average price; due on 12/31/2009, net
of unamortized discounted related to the debt discount of
$10,619 ....$26,248
10% Interest; principal of $10,000; convertible to common
stock based on 75% of average price; due on 12/31/2009, net
of unamortized discount related to the debt discount of
$3,285 ....$6,715
10% Interest; principal of $15,000; convertible to common
stock based on 75% of average price; due on 10/29/2009, net
of unamortized discount related to the debt discount of
$6,369 ....$8,631
10% Interest; principal of $50,240; convertible to common
stock based on 75% of average price; due on 12/31/2009, net
of unamortized discount related to the debt discount of
$16,110 ....$34,130
10% Interest; principal of $50,000; convertible to common
stock based on 75% of average price; due on 12/31/2009, net
of unamortized discount related to the debt discount of
$16,349 ....$33,651
10% Interest; principal of $50,000; convertible to common
stock based on 75% of average price; due on 12/31/2009, net
of unamortized discount related to the debt discount of
$16,349 ....$33,651
10% Interest; principal of $15,000; convertible to common
stock based on 75% of average price; due on 12/31/2009, net
of unamortized discount related to the debt discount of
$4,787 ....$10,213
10% Interest; principal of $10,000; convertible to common
stock based on 75% of average price; due on 12/31/2009, net
of unamortized discount related to the debt discount of
$3,595 ....$6,405
10% Interest; principal of $20,500; convertible to common
stock based on 75% of average price; due on 12/31/2009, net
of unamortized discount related to the debt discount of
$4,871 ....$15,629
Total current debts due in the Quarter...............$506,387
Total additional past due and owing debts due now....$159,380
Grand total of debts due for conversion during this current quarter....$665,767
That represents conversion to 6,657,670,000 shares or three times the current OS.
Even worse, it represents 6.5 times the current average trading volume.
These are actual facts, easily found in the current 10Q from the link provided above.
As this scam ponzi scheme comes unraveled, the company is faced with the typical penny scam problem of the dilution vastly exceeding the trading volume.
What are Yeung's options at this point?
The following debts need to be paid by the end of the Q
In order for the company to be current.
Remember that the average daily volume is 17.5 million shares. Times 60 trading days in the quarter equals 1.050 billion shares.
The debts in this post are still listed in the most recent 10Q as being past due and owing. They represent 1,593,800,000 shares which need to be issued to cover: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=43622453
Now lets look at the shares that will be needed to cover the convertible notes due during the current quarter. From the most recent 10Q: http://moneycentral.msn.com/investor/sec/filing.asp?Symbol=inbg
10% Interest; principal of $104,757; convertible to common
stock based on 75% of average price; due on 12/31/2009, net
of unamortized discounted related to the debt discount of
$30,430 ....$74,327
10% Interest; principal of $11,000; convertible to common
stock based on 75% of average price; due on 10/9/2009, net
of unamortized discount related to the debt discount of $459 ....$10,541
10% Interest; principal of $31,925; convertible to common
stock based on 75% of average price; due on 12/31/2009, net
of unamortized discounted related to the debt discount of $0 ....$31,925
10% Interest; principal of $10,269; convertible to common
stock based on 75% of average price; due on 12/31/2009, net
of unamortized discounted related to the debt discount of
$780 ....$9,489
10% Interest; principal of $12,500; convertible to common
stock based on 75% of average price; due on 12/31/2009, net
of unamortized discount related to the debt discount of
$4170 ....$8,330
10% Interest; principal of $32,017; convertible to common
stock based on 75% of average price; due on 12/31/2009, net
of unamortized discount related to the debt discount of
$10,725 ....$21,292
10% Interest; principal of $40,542; convertible to common
stock based on 75% of average price; due on 12/31/2009, net
of unamortized discounted related to the debt discount of
$15,715 ....$24,827
10% Interest; principal of $10,642; convertible to common
stock based on 75% of average price; due on 12/31/2009, net
of unamortized discount related to the debt discount of
$3,565 ....$7,077
10% Interest; principal of $9,458; convertible to common
stock based on 75% of average price; due on 12/31/2009, net
of unamortized discounted related to the debt discount of
$3,000 ....$6,458
10% Interest; principal of $37,133; convertible to common
stock based on 75% of average price; due on 12/31/2009, net
of unamortized discounted related to the debt discount of
$10,576 ....$26,557
10% Interest; principal of $5,000; convertible to common
stock based on 75% of average price; due on 10/28/2009, net
of unamortized discount related to the debt discount of $595 ....$4,405
10% Interest; principal of $10,000; convertible to common
stock based on 75% of average price; due on 12/31/2009, net
of unamortized discount related to the debt discount of
$3,271 ....$6,729
10% Interest; principal of $7,209; convertible to common
stock based on 75% of average price; due on 12/31/2009, net
of unamortized discounted related to the debt discount of
$2,257 ....$4,952
10% Interest; principal of $23,847; convertible to common
stock based on 75% of average price; due on 12/31/2009, net
of unamortized discounted related to the debt discount of
$7,375 ....$16,472
10% Interest; principal of $20,000; convertible to common
stock based on 75% of average price; due on 12/31/2009, net
of unamortized discount related to the debt discount of
$6,578 ....$13,422
10% Interest; principal of $25,000; convertible to common
stock based on 75% of average price; due on 12/31/2009, net
of unamortized discount related to the debt discount of
$8,181 ....$16,819
10% Interest; principal of $70,000; convertible to common
stock based on 75% of average price; due on 12/31/2009, net
of unamortized discount related to the debt discount of
$22,778 ....$47,222
10% Interest; principal of $36,867; convertible to common
stock based on 75% of average price; due on 12/31/2009, net
of unamortized discounted related to the debt discount of
$10,619 ....$26,248
10% Interest; principal of $10,000; convertible to common
stock based on 75% of average price; due on 12/31/2009, net
of unamortized discount related to the debt discount of
$3,285 ....$6,715
10% Interest; principal of $15,000; convertible to common
stock based on 75% of average price; due on 10/29/2009, net
of unamortized discount related to the debt discount of
$6,369 ....$8,631
10% Interest; principal of $50,240; convertible to common
stock based on 75% of average price; due on 12/31/2009, net
of unamortized discount related to the debt discount of
$16,110 ....$34,130
10% Interest; principal of $50,000; convertible to common
stock based on 75% of average price; due on 12/31/2009, net
of unamortized discount related to the debt discount of
$16,349 ....$33,651
10% Interest; principal of $50,000; convertible to common
stock based on 75% of average price; due on 12/31/2009, net
of unamortized discount related to the debt discount of
$16,349 ....$33,651
10% Interest; principal of $15,000; convertible to common
stock based on 75% of average price; due on 12/31/2009, net
of unamortized discount related to the debt discount of
$4,787 ....$10,213
10% Interest; principal of $10,000; convertible to common
stock based on 75% of average price; due on 12/31/2009, net
of unamortized discount related to the debt discount of
$3,595 ....$6,405
10% Interest; principal of $20,500; convertible to common
stock based on 75% of average price; due on 12/31/2009, net
of unamortized discount related to the debt discount of
$4,871 ....$15,629
Total current debts due in the Quarter...............$506,387
Total additional past due and owing debts due now....$159,380
Grand total of debts due for conversion during this current quarter....$665,767
That represents conversion to 6,657,670,000 shares or three times the current OS.
Even worse, it represents 6.5 times the current average trading volume.
These are actual facts, easily found in the current 10Q from the link provided above.
As this scam ponzi scheme comes unraveled, the company is faced with the typical penny scam problem of the dilution vastly exceeding the trading volume.
What are Yeung's options at this point?
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