Intl BioChemical Industries Inc fka IBCL

[SRT8]

lownumba....you will find that the following post was made by a very informed notetaker of the last C.C......his notes jib with mine.

By: payitforward5
25 Sep 2002, 04:15 PM EDT Msg. 42033 of 43778
(This msg. is a reply to 42014 by payitforward5.)
Conference Call Overview: No longer giving shares to Southridge, not seeking equity funding, options to Miriam canceled, contract with Miriam canceled, no merger dilution, orders increasing dramatically, expenses cut by $100,000 per month, total overhead only $300,000 per quarter now, Moses has put in excess of $350,000 of his own money into company in the last 2 quarters, new distribution model, increased orders from Asia, more new deals in Asia, name change, symbol change, Bioshield exhonorated by court on AHT case, Bioshield to use debtor in possession to seek further resolution on AHT, closing deals left hanging by former management team, European health board certification moving forward, 7 million shares owned by management, Moses has 5.1 million restricted shares, 1 open position on board, Howell quit on her own, Board members not paid a monthly fee anymore, 3 of the Board members bought into a $500,000 private placement at Bioshield in December, Surgical soap market will be handled by Nova, Megastar has a hand gel used in surgical market that uses Bioshield, Nova will have the muscle to go out and pursue FDA approval, no reverse split, Moses putting in another $40,000 of his own money in this week, sales have covered operating expenses since Baker has turned things around, not using production financing they have available, military distributor being worked ....[what about this buckos], will answer all incoming IR calls.