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

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To: Doug Heuring who wrote (37)3/27/1998 2:02:00 AM
From: peter hogan  Read Replies (1) of 422
 
How did IBI acquire a billion dollar deal for a mere 3 million dollar investment? How is IBI going to finance this deal (3 million dollars / .10 cents a share = 30 million shares).

I've always said that moving to a senior exchange gives a company a proper valuation. In my opinion IBI is overvalued at .10 cents and is more likely a .5 cent company. (.5 cents x 175,000,000 million shares = a market cap of 8.7 million dollars) which is more than enough for this company. That's even if they can get to the TSE which I doubt.

RSVP
Peter
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