Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : GMXX - GENEMAX CORP -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (186)	2/6/2003 10:34:58 AM
From: StockDung	Respond to of 978

IBCL IS ANOTHER POSSIBLE CANIDATE TO EXIT THE DTC

To: RockyBalboa who wrote (186)	2/6/2003 10:38:16 AM
From: StockDung	Read Replies (2) \| Respond to of 978

CORRECTION, IBCL WAS TO EXIT DTC, NOW IT APPEARS IT MAY BE MORE PERMANENT (COMTEX) B: 25 Companies Now in Naked Short Selling Wars Jan 31, 2003 (financialwire.net via COMTEX) -- (FinancialWire) The naked short selling wars are so far being defined by skirmishes and even friendly fire on the front lines. Some 25 companies have been listed in one or more articles, including Dow Jones Newswires (NYSE: DJ) or press releases, to date as having a strategy or interest in ridding themselves of naked short sellers: Ameri-Dream (OTCBB: AMDR), Bluebook International (OTCBB: BBIC), Bentley Communications (OTCBB: BTLY), Critical Home Care (OTCBB: CCLH), Composite Holdings (OTC: COHIA), Edgetech Services (OTCBB: EDGH), Environmental Protection (OTC: EPTC), Freestar Technologies (OTCBB: FSTI), GeneMax Corp. (OTCBB: GMXX), Group Management Corp. (OTCBB: GPMT), Hadro Resources (OTCBB: HDRS), International Biochem (OTCBB: IBCL), Intergold Corp. (OTCBB: IGCO), ITIS Holdings (OTCBB: ITHH), Jag Media Holdings (OTCBB: JGMHA), Midastrade.com (OTC: MIDS), Make Your Move (OTCBB: MKMV), MSM Jewelry Corp. (OTC: MSMJ), Nutra Pharmaceutical (OTCBB: NPHC), Nutek (OTCBB: NUTK), Reed Holdings (OTC: RDHC), Sionix (OTCBB: SINX), Sounncomm Technologies (OTC: STEH), Technology Logistics (OTC: TLOS) and Ten Stix, Inc. (OTCBB: TNTI). Of the entire group, only three - Critical Homecare, GeneMax and MidasTrade - are trading over $1. Some 15 of the 25 suffered declines Thursday alone. Only six had no volume. International Biochem traded over 22 million shares! GeneMax is by far the largest in terms of publicly-available market capitalization: $111 million. Jag Media is valued in the marketplace at about a third of that. Thursday the company stated that the Depository Trust Corporation had failed to return its calls or the calls of its counsel, and that the company is reviewing all options with respect to its shareholders' overwhelming vote to adopt custody-only trading rules. Jag Media also said it will consider - if DTCC ever returns its calls - entering the Direct Registration System (DRS) that this newswire had listed in a previous dispatch as an option for these companies. On Wednesday, Group Management provided its shareholders with a letter to fax to their brokers requesting physical custody of shares, and ITIS Holdings said its directors had rescinded the company's intent to make their company's shares non-depository eligible. Thursday, InterGold announced that its bylaws have changed to require all shares to be in certificate form under seal of the Corporation, and EdgeTech said, in a paragraph tacked onto the end of another announcement, that its "formerly announced alliance with ICI (Investor Communications International) will not proceed." Thursday the CEO, Tae Ho Kim, contacted FinancialWire to be certain that decision is made known. Neither he nor ICI responded to enquiries as to the reason for that sudden disengagement. On Thursday, ICI also issued its now almost daily press release responding to Dow Jones reporting, and said companies it represents will exit the DTC "even if legal action is required." The company listed GeneMax Corp., Ten Stix Inc., Midas Trade, Hadro Resources, Vega Atlantic Corporation and Intergold Corporation in its release. Clickable links for FinancialWire news are at financialwire.net. For FinancialWire audio news, click on partner ON24 at on24news.com URL: financialwire.net (C) 2003 financialwire.net, Inc. All rights reserved. -0- * end of story *

To: RockyBalboa who wrote (186)	5/21/2004 12:59:14 PM
From: StockDung	Respond to of 978

O'QUINN'S CLIENT IBCL UPDATE:->UPDATE: INTERNATIONAL BIOCHEMICAL INDUSTRIES, INC (OTCBB: IBCL) – NOBODY'S HOME March 18, 2004 Here's a variation on the old "tree that falls in the woods" routine. If a company has no officers, directors or employees does it really exist? This would appear to be the conundrum facing International Biochemical Industries, Inc. (Pink Sheets: IBCL). On May 6, 2004, International Biochemical's chief executive officer/ president and secretary/treasurer resigned after just two months on the job. The Company's previous President had resigned on March 1, 2004. All of its directors resigned on January 17, 2004, the same day International Biochemical filed for protection under Chapter 11 of the Bankruptcy Act in U.S. Bankruptcy Court in Texas. The situation at International Biochemical had been deteriorating for more than one year. On February 6, 2003 the Securities and Exchange Commission halted trading of the Company's stock, citing concerns about the accuracy of claims that the U.S. government had contacted International Biochemical to discuss the effectiveness of its products in the war against bioterrorism. See International Biochemical Industries - What Government Agency? While the SEC did not specify the questionable communications, it is likely that they were troubled by a series of press releases issued by the Company. On January 28, 3003, for example, International Biochemical distributed a press release with the following headline: Federal Government Agency Requested Today an Urgent Meeting With IBCI to Discuss BioShield Products Concerning the War on Bioterrorism. The press release provided no meaningful information about the potential relationship. The following day, January 30, 2003, International Biochemical issued another press release, this time disclosing the scheduled date for a meeting between the Company and the unnamed government agency. This time, the Company claimed that a federal agency was urgently seeking the meeting in order to discuss test data and products that will be effective in the war on bio-terrorism. On February 3, 2003, the Company sent out more press releases, making further unsubstantiated claims about government contacts and meeting. Shortly thereafter, the SEC halted trading in International Biochemical stock. Now the Company would appear to be foundering in bankruptcy and without any management team. Worse yet, on May 6, 2004, the Company revealed that a grand jury was investigating the events surrounding the issuance of those press releases. It seems that the government has indeed come calling at International Biochemical - but nobody's home. ©2004 Stock Patrol.com. All rights reserved. WE'RE BACK ON PATROL