Who cares what the A/S is? All you need to worry about right now is the O/S and I beleive it is low with the way the stock moves on low volume. Any co. can dump at anytime I could care less about A/S....I am curious, do you also go to bed at night wondering if you will wake up in the morning? LOL, its a PINK SHEET FOLKS!!!!! Play it like a pink sheet and you will make money, play it like a NAS or NYSE and you will lose your AZZ. IMO of course.
CEO said IBCX shareholders would contain all the shares they now own moving into the otcbb shell .. It was stated the main shell of interest had about 230,000 O/S now and after the reverse merger there would be 500m A/S or less with the current O/S of IBCX which he estimated at about 350m O/S after the 12/15/06 dividend was issued ...
This seems to be the business plan he is working on now but as you know in business other options are important if one plan does not work out go with the another The basis seems to be for shareholder value ...
One main concern is the cost of the otcbb clean shell and covering those costs with the spin off sale of the Sanibels at the same time closing the Rosswood deal with cash .... Form 10 otcbb uplist has cost saving but delays involved with up to 3 months of reviews & questions like an SEC hazing ... Shareholders seem to be motivating him to a reverse merger to get listed otcbb in a more expediant manner with audits complete therefore getting full 3rd party disclosure of SEC filings ... Another important factor is ungagging the transfer agent therefore investors can get full 3rd party verified share structure foreclosure ... He stated he is in plans of doing this after the dividend issue settles but also has concerns of abuse of many shareholders calling T/A everyday in the course of regular business and spoke of limiting it with the T/A to 10 shareholder inquires aday ... This may be done anyday now ...
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