That's an interesting thought. I wonder how proulx will go about raising the share price (please, not more interviews and promo videos lol). He has shown no ability to do so in recent years and has also demonstrated complete disdain for shareholder value as he has diluted to over 1 billion shares and has done placements at very low prices. Issuing another 1/2 billion shares or even another billion would not seem to concern him at all.
Hopefully a reverse split wasn't the method to be used to "raise the sp". Companies like ibx typically see the post-reverse split price quickly return to the pre-split level and dilution run wild. Unfortunaely, it looks like that would be the only thing that could get ibx back to the 20 cent ipo level.
The real question should be how long can Lake Tahoe proulx remain as ceo without delivering a completed trial and an actual plan to increase shareholder value. Amazing how those who post here refuse to hold his feet to the fire; hopefully ibx bod will soon. This has been a multi-year disaster for investors and, more important, a travesty for all who could have benefited from this technology over the last 10 years.
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