Value Microcaps Zip Code Changers

[Knowledge is King]

re IHCH: Any price over $.07 looks very risky to me...


Dr. Chaudhuri currently owns about 129M shares or 50% of the stock. In addition, he holds warrants expiring next April which allow him to buy another 309M shares at $.07 each. Add them together and that would give him 77% of the stock and the ability to do whatever he wants, IMO.


And then there's this from Chaudhuri's 12/13/10 13-D amendment filing:

The Reporting Persons [Chaudhuri and related parties] currently intend to acquire ownership of up to 100% of the outstanding shares of common stock of the Issuer . The Reporting Persons intend to negotiate with members of the Issuer’s board of directors, management and other stockholders of the Issuer with regard to these matters. If the Issuer is not currently eligible to terminate the registration of its common stock under Section 12(g)(4) of the Exchange Act, the acquisition by the Reporting Persons of additional shares of common stock of the Issuer may cause the Issuer to become eligible to terminate such registration . If registration of the common stock of the Issuer under the Exchange Act is terminated, the common stock of the Issuer will cease to be authorized to be quoted on the OTC Bulletin Board.


My guess is that he'd offer everybody $.07/share, and he's got the votes to approve it...