johnnycomelately9 Saturday, 10/18/14 01:22:
Post# of 2102
01:22:45 AM
Re: Rcranga post# 50078
Post # of 50090
ICBT is not banned.
http://www.ic.gc.ca/app/ccc/srch/nvgt.do?lang...p;app=sold
Canwealth has been declared effective by the SEC and that's what matters:
People don't understand that USG1 was the golden ticket. They ACT like Canwealth will never trade but we already hit a homerun and are waiting for the inevitable to be realized. We're going to trade and go public imo instead of staying private; the writing is in the SEC filings... Read the 1st one to the most recent. USG1 was tailored made for Canwealth Minerals:
Quote:The purpose of USG1 is to seek, investigate and, if such
investigation warrants, acquire an interest in a business entity which
desires to seek the perceived advantages of a corporation which has a class of securities registered under the Exchange Act.
Quote: USG1 may seek a business opportunity with entities which have
recently commenced operations, or which wish to utilize the public
marketplace in order to raise additional capital in order to expand into
new products or markets, to develop a new product or service, or for other corporate purposes.
The most likely target companies are those seeking the perceived
benefits of a reporting corporation. Such perceived benefits may include facilitating or improving the terms on which additional equity financing may be sought, providing liquidity for incentive stock options or similar benefits to key employees, increasing the opportunity to use securities for acquisitions, providing liquidity for shareholders and other factors.
They (Kimi Royer & USG1) provided a way and now ICBS can take Canwealth public legally:
Quote:USG1 has, and will continue to have, no capital with which to
provide the owners of business entities with any cash or other assets.
However, USG1 offers owners of acquisition candidates the opportunity to
acquire a controlling ownership interest in a reporting company without the time required to become a reporting company by other means.
Quote:
The proposed business activities described herein classify USG1 as a
"blank check" company. The Securities and Exchange Commission and
certain states have enacted statuettes, rules and regulations limiting the public sale of securities of blank check companies. USG1 will not make any efforts to cause a market to develop in its securities until such time as
it has successfully implemented its business plan and is no longer classified as a blank check company.
Fact is Canwealth has over 40 documents filed with the SEC & shareholders of ICBT control 87% of it currently (60% after a public offering).
Maybe interested investors should take the time to read SEC verified documents for themselves, here's a few quotes they will read when doing their own DD:
Quote:The Company is in the exploratory stage as defined by Accounting Standards Codification subtopic 915-10 Development stage Entities (“ASC 915-10”) with its efforts principally devoted to developing a platform of prime quality energy assets. To date, the Company has incurred expenses and has sustained losses. Consequently, its operations are subject to all the risks inherent in the establishment of a new business enterprise. For the period from inception through March 31, 2014, the Company has accumulated deficit during exploratory stage of $356,576.
Keep in mind we account future production upon production. We also hear we'll be shut down but no cases are against the company at this time:
The Company may be subject to legal proceedings and claims which arise in the ordinary course of its business. Although occasional adverse decisions or settlements may occur, the Company believes that the final disposition of such matters should not have a material adverse effect on its financial position, results of operations or liquidity. The Company had no pending legal proceedings or claims as of March 31, 2014.
Facts are easy to check.
http://www.sec.gov/Archives/edgar/data/151278...30s1a1.htm
P.S. We should of saw .0005 today but somebody sold 50,000 at .0002 4 seconds into the day. I remind you: Zero shares have traded at .0002 in the last 9 months except for today's open that cost less than the trading fee. Do you think someone is trying to get out or trying to get cheap shares before the IPO? Load what you can and see the opportunity, .0004 was the low and fake lows are being made; that's why there was only 3 trades today... A ton of interest but you need to hit the ASK or hope someone sells you $5 worth at the bid:
Quote:Time & Sales
Price Size Mkt Time
$0.0004 37,525 OTO 13:20:50
$0.0004 100,000 OTO 10:00:02
$0.0002 50,000 OTO 09:30:04
$0.0004 1,080,256 OTO 10/15