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IBI CORP V.IBI



TSXV:IBI - Post by User

Bullboard Posts
Comment by attila9on Jan 18, 2004 1:36am
146 Views
Post# 6910862

RE: Vanilla bushes notwithstanding,

RE: Vanilla bushes notwithstanding,Generally i would agree with you but in this case i don't.When you bought this stock you should have been betting on management.If management is good as it is with IBIC then it will trade higher no matter how many outstanding shares.If you want an example of this take a look at NFC which was trading about the same level of IBI.It has a whole lot of o/s (500,000,000)twice as many as IBIC & the CEO is paid in shares.It traded 10.5 million shares Friday so somebody is interested in it.This stock is getting ready to turn profitable as is IBIC & the share price has just started to turn upward from 3 cents to almost 8 just like IBIC before the option NR..I'm not a fan of consolidation/reverse splits.I was more concerned with the length of the newly announced option plan as i believe the time frame is way too long.If the announcement would have been for a year or 2 at best i would not have minded it but 5 years is too long.JMO
Bullboard Posts