RE:Agreed: IBC has done no eng work for the SMC...
As you can see I have proven to be 100% correct. IBC was supposed to do at least 2/3rd's of the E&D work of which none to date has been done. Ucore does not even remotely have the expertise on the MRT/Superlig side to even begin this cumbersome process. You can see by the massive list of things that need to be done this is at least an 8 month to 1 year process and now that IBC dropped themselves as advisors/consultants UCore will have to hire outside engineering sources . VERY EXPENSIVE if they can even find a firm that understands the extremely complicated technicals. IMHO Ucore is completely screwed. Thats why all the longs dodge this subject and bury the related posts as quick as possible.
Actually the other major elephant in the room is the share price. I mean its gone from insanely overvalued at $80 MM market cap to now just a ridiculously overvalued market cap of $55MM. With less than $200-300K in the bank at this moment IMHO and IBC unwilling to work for them or merge the company is essentially worthless. It should be trading at .01 and only becuase of the shell value. Onced cent a share is still a $3.8 MM market cap. Seems about right. Only fools would buy it at .15 cents.
I should also mention that I am not Steve or anyone that is associated with IBC. Just a previosu shareholder who knows too much. Thats why I have been correct all the way along. The compnay is run out of the backwoods of the maritimes by telemarketing guys. They would make you beleive its run out of Ketchikan ....lol. There is no none there. Ketchican is essentially a thoery on paper and a bunch of options to do something . Its all just a shell game just like the whole MOSP to try and support a still ludicrous market cap.