IBI CORP IBIC (CDN) Message Board

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Gold/Mining/Energy : IBI CORP IBIC (CDN)

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To: Frank Moss who wrote (30)	3/23/1998 2:08:00 PM
From: Doug Heuring	Read Replies (1) of 422

just found this on cyberwhisper very interesting net asset value 7.oodollars IBIC - Discussion with Ed Lai ------------------------------------------------------------------------ [ Follow Ups ] [ Post Followup ] [ CyberWhispers ] ------------------------------------------------------------------------ Posted by DBJB on March 23, 1998 at 10:12:31: Had a discussion with Ed Lai this morning, here are the following highlights: - He is very confident that IBIC has acquired a significant asset, being the phosphate mine (net asset value per share of close to $7.00), - He is not at all happy about the way the stock has been trading on the CDN. In fact, he is not at all impressed with the CDN period (I don't think I blame him), - They are in the midst of acquiring a TSE shell company (held three meetings to date with the company - the company is very anxious to do this deal and begin trading again). Therefore, Mr. Lai is confident that they will be trading on the TSE very shortly. - IBIC has met with several institutions over the past couple of weeks (Midland Walwyn being one of them - confirmed by my broker) and have been receiving a very positive response. At this time the institutions are not able to make an investment in IBIC as it is a CDN trading company (could someone confirm this understanding). That is also why he is very anxiuos to get onto the TSE (and receive institutional backing/interest). Any more solid information on this company would be great. Thanks in advance. ------------------------------------------------------------------------ Follow Ups: ------------------------------------------------------------------------ Post a Followup Name: E-Mail: Subject: Comments:

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