email response from GaryRecived this today from Gary Fitchett, CEO of IBI Inc.
The NR last Friday highlights our trip to China, and the restart of focus on our uranium properties and strategy.
The halt is a result of not having and Annual Meeting last year, which was caused by the fact that we were temporarily out of funds. An AGM costs $30-35,000. However, we are about to receive funds in next couple of weeks from Grey Crown, the related gold company, and this will allow us to schedule a meeting and correct this problem, and then resume trading.
There are a number of good things happening on the gold fronts with Grey Crown and with IBI and there will be a series of news Releases, so stay tuned.
Regards
Gary
Sent: May-06-11 10:34 AM
To: D.Mellersh@IBinvest.com; G.Fitchett@IBInvest.com
Subject: IBI Stock Value
Mr. Mellersh and Mr. Fitchett,
can you please detail to me, as a shareholder, when the value of the stock will rise? What immediate short-term steps is the company taking to generate an increase in share value? When will shareholders see a big news release in the very near future? Will you sell assets or merge to increase the shareholder value? If so, what are the time-lines?
I have read the company website, so please do not regurgitate the content back to me in way of answers.
I will be bringing your answers or lack there of, back to the IBI Corp. investors community through Bullboards. Lots of other investors are interested in understanding how management will increase the share value.