Don't want to say ITYSO, given the current situation. But I thought I might share with you my post from March this year:
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.
IBX Price at posting:
1.0¢ Sentiment: None Disclosure: Held
(20min delay)