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NoMoDo

05/22/03 10:39 AM

#11975 RE: LostMyDonkey #11974

considering the market cap of this stock, it could easily be argued that $500k is a good deal. The 2 problems I have is:

1. that Tim has been selling IBCL stock from his own account causing our stock price to drop and

2. the price of the stock has been severely been beaten up by the lack of control over hicks.

Now, everyone deserves to get paid, but if you are the CEO and you don't have enuf to pay yourself, you don't take a paycheck (selling your own stock) til you do. Selling IBCL stock while buying the single real asset of IBCL for your kids shows at a minimum that your interests are not in ibcl.

As for hicks, that one is a bit tougher. IBCL owes the money. Hopefully if Tim and hicks are working together as UTOH suggests, Tim was smart enuf to give nova shares in return for wiping out the convertible.
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Dakota Dad

05/22/03 10:40 AM

#11976 RE: LostMyDonkey #11974

Donk, stop your whining based on inaccurate jumping to conclusions. Your statement that IBCI has "nothing" must be based on the statement in the HNWS Q that says it has all the rights to the Patents, etc. -- but HNWS and IBCI have identical rights to them, except that HNWS is paying $500+k for those rights on June 30 plus giving IBCI 5% royalties.

I'm in this stock for $14.5k so I've got plenty riding on it too, but I also have some of TM's "private" company shares (HNWS).

If you really think IBCI has "nothing", sell your "nothing" for 1.6 cents a share and you've got a killing!

Sure, the shares aren't doing what I'd like either, but I still believe they will...sometime...hopefully...

Dakota