Ann: Entitlement Offer Offer Booklet, page-37

Company registered in far away country (Yep that's us - Australia) - Tick

IBX:AUD used purely as a revenue raiser and all monies raised transferred to US subsid - Tick

But wait - didn't IBX:AUD do the Phase 1 trial - well sort of.

No charges taken by IBX:AUD over US subsid company for Aussie shareholders' monies advanced. So OZ investors funds advanced to US subsidiary unsecured - Tick

All patents registered in name of US subsidiary. They should have been registered in name of IBX:AUD and licensed to the US subsid) - Tick

BoD and Directors have bought no shares on market (hold on I think there was a small purchase) - Tick

Comms at a minimum - Tick

Any Comms are a regurgitation of previous Comms - Tick

Nice new leased facility in SD (with fitout - but not sure) - Tick

This is not financial advice- just historical information as to how Australian investors in IBX have been treated. But please do your own research

Regards
Stretguy.