Replies to post #33710 on IMD Companies Inc (ICBU)

[Louinjaxxx]

Just look at the latest Quarter Report, ICBU addressed under Note 6, two write-offs:

-- During 2015, the company abandoned its acquisition (of Lumz'n Blooms) and wrote it off.

-- During the quarter ending June 30th 2015, the company abandoned its subsidiaries Optimum Mobile Imaging LLC (OMI) and integrated Medical Diagnostics.

These two were actual companies under the ICBU Holding Companies umbrella, and summarily written off as not feasible for generating a profit for ICBU.

Things like the Chippewa Indian project were not written off because they were never a subsidiary company of ICBU. As worthwhile as this could have been, it was the Chippewa Indian organization that decided not to seal the deal with ICBU, so there was nothing to write off. Think of it as a real estate deal, with one party making an offer, and the other side rejecting the offer. This is what happened between ICBU and the Chippewa Indian Organization.

Thing is, we are now talking about the direction ICBU is involved in. What happened in the past is in the past and not of concern. I doubt if any investor with a brain bigger than a gnat is that concerned with what ICBU in 2014, because the company certainly isn't....That's just history....water over the dam. Though I witnessed what ICBU was doing years ago, as a shareholder, it doesn't interest me as an investor now.