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

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To: Frank Moss who wrote (33)	3/26/1998 7:04:00 PM
From: Doug Heuring	Read Replies (2) of 422

ibi, has got my pic, for the biggest gainer over the next year IBIC: CONVERSATION WITH EDWARD.... ------------------------------------------------------------------------ [ Follow Ups ] [ Post Followup ] [ CyberWhispers ] ------------------------------------------------------------------------ Posted by UFO UPDATE: IBIC on March 26, 1998 at 15:41:48: HI ALL, I SPOKE TO IBI TODAY WITH EDWARD FOR ABOUT AN HOUR AND AM VERY PLEASED WITH MY DISCUSSION. THE REASON THAT IBI WAS HALTED SO LONG LAST WEEK IS VERY INTERESTING. THE OSC (ONTARIO SECURITIES COMMISSION) INVESTIGATED THE DEAL DOWN TO THE LAST PERIOD. ALL WAS IN ORDER. IN FACT, THE WERE CURIOUS HOW IBI COULD HAVE BEEN THE RECEIVERS OF SUCH A SUBSTANTIAL DEAL. IBI HAS TREMENDOUS SUPPORT FROM THE UGANDAN GOVERNMENT AND THE MANAGEMENT TEAM FOR THE PROJECT. THE IMPORTANT ISSUE HERE IS THAT I WAS ABLE TO CONFIRM THAT IBI HAS BUYERS FOR ALL THE PHOSPHATE. (IN UGANDA AND TANZANIA). THIS IS A VERY IMPORTANT ISSUE. THE NEXT IMPORTANT ISSUE IS THE TSE. ANYONE THAT DEALS WITH BUSINESS REALIZES THAT SITUATIONS CHANGE COMPANY DIRECTIONS. EACH DAY NEW EVENTS CONTROL THOSE DIRECTIONS. THE PHOSPHATE DEAL IS SO IMPORTANT AND SUBSTANTIAL THAT IBI NO LONGER WILL NEED A SHELL TO ACHIEVE THE TSE LISTING. THIS IS A REFLECTION ON THE IMPORTANCE OF THE PHOSPHATE DEAL. THE TSE LISTING IS IN THE HANDS OF A LEGAL FIRM THAT IS EXPERT IN SECURITES. THIS IS A MUCH BETTER SITUATION FOR IBI AND SHAREHOLDERS BECAUSE THE LISTING IS DIRECT AND WILL NOT COST IBI THE PRICE OF THE SHELL COMPANY. THE GREATEST SINGLE FACTOR HOLDING THE SHARE PRICE DOWN RIGHT NOW IS THE FACT THAT IBI IS STILL LISTED ON THE CDN. THIS WILL BE RECTIFIED. THERE ARE MAJOR INVESTORS WAITING FOR THE TSE LISTING. WE CAN LOOK FORWARD TO SOME VERY IMPORTANT CHANGES OVER THE NEXT TWO MONTHS. I WILL TRY TO POST UPDATES FROM IBI AS OFTEN AS I CAN. MY OPINION OF IBI IS THAT THE SHARE PRICE SHOULD BE IN THE .30-.50 RANGE NOW. I ALSO CAN SAY THAT I WILL BE AGRESSIVELY BUYING WHATEVER I CAN OVER THE NEXT FEW WEEKS. THIS IS MERELY WHAT I INTEND TO DO, AND NOT A SUGGESTION FOR ANYONE ELSE. UFO ------------------------------------------------------------------------ Follow Ups: ------------------------------------------------------------------------ Post a Followup Name: E-Mail: Subject: Comments:

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