The company has sold billions of shares to Ihubbers. All of them would want to be paid for the shares they would tender. Leaving them in possession would be extremely dilutive.
And, we all know that a reverse split will reduce that dilution. But why go through the time and expense and legal battles when a shell broker can find you a clean shell without those pesky problems for around $100K and you would be in it in less than 60 days.
The buying of INBG as a shell is just not cost effective for anyone who would hire a lawyer to give him advice. (Read that every potential buyer) Selling this shell was 3 of the scams already played out by the CEO of this pig. Never was successful. Just made him a couple more million$ on the sale of shares to Ihubbers.
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