ICBS to retain special council to examine unusual trading patterns of its stock
2008年4月23日 - 1:00AM
PRニュース・ワイアー (英語)
NEW YORK, April 22 /PRNewswire-FirstCall/ -- ICBS Limited (ICBS)
(Pink Sheets :ICBT) a business development and management firm
located in New York and Canada, announced today that it will retain
a special securities counsel to examine the unusual trading
patterns of the company's securities. This action is being taken as
several shareholders have contacted the company and reported
suspicious trading patterns during the course of the trading day.
We will be requesting that the special counsel review the entire
process of how the new shares were distributed and to whom and to
be sure that only the entitled shareholders received those shares
in the proper amounts. Counsel will undertake this examination in
conjunction with the company's Transfer Agent. Secondly the company
has requested that counsel work in conjunction with Lawyers in
Europe to look at the possibility of our securities being traded or
shorted on any foreign unregulated exchanges without the company's
knowledge and if so to immediately issue the appropriate orders to
cease those activities. We will also be monitoring on a daily basis
the domestic trading patterns in the company's securities for any
visible improprieties. "The company realizes that errors may have
been made in the distribution of brokerage houses crediting
accounts electronically, and we will determine to what
extent/amounts and either recall or force them to cover those
positions. We believe that the company's share price is being
suppressed, intentionally or not and we aim to get it corrected
immediately," said Garth McIntosh, President & CEO. Mr.
McIntosh also stated that he believes "the company's share price
does not reflect the true value of the company as it stands today
let alone going forward with the additional acquisitions the
company is currently involved in. This press release does not
constitute an offer of any securities for sale. This press release
contains certain forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. These forward-looking statements
involve certain risks and uncertainties that could cause actual
results to differ, including, without limitation, the company's
limited operating history and history of losses, the inability to
successfully obtain further funding, the inability to raise capital
on terms acceptable to the company, the inability to compete
effectively in the marketplace, the inability to complete the
proposed acquisition and such other risks that could cause the
actual results to differ materially from those contained in the
company's projections or forward-looking statements. All
forward-looking statements in this press release are based on
information available to the company as of the date hereof, and the
company undertakes no obligation to update forward-looking
statements to reflect events or circumstances occurring after the
date of this press release. DATASOURCE: Inter Canadian Business
Service CONTACT: Garth McIntosh, President & CEO, (888)
932-4402, http://www.icbs.ca/; Source: ICBS Limited
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