Institutes of Biomedical Research Corp (MRES)

[newcomerFCPG]

Ballyhoo, you have cleared up the issue of the deficit. So now the company is really worth the par value of .001 per share.


"On April 30, 2010, it was determined that the licenses did not have a value greater than par value and Management recorded an impairment charge of $51,660,000 to bring the value of the licenses to $615,000 from the recorded fair value of $0.085 per hare that the 615,000,000 shares of common stock were issued to acquire the licenses."