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It doesn't look like it is affecting the stock much however. I am hoping something will happen. Jon
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Read The News Closely:
BIBO (.003) Rated - $0.10 per share!
Incode Completes (BIBO.OB) Acquisition of eBusiness Portfolio
Shares of Intrance Series A Preferred Stock are redeemable by the Company at the rate of $10.00 per share, and are convertible at the holder's option into the Company's common stock at the rate of $0.10 per common share.
quote:Originally posted by Jong: It doesn't look like it is affecting the stock much however. I am hoping something will happen. Jon
Don't Forget About The Payout 12-31:
BIBO.OB - 10% Dividend 12-31-04!
BIB Holdings Ltd. ("BIB") (BIBO.OB), plans to pay a dividend of one share of common stock for every 10 shares held by all shareholders of record at the close of business on Dec. 31, 2004. http://biz.yahoo.com/bw/040915/155125_1.html
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This Company is being remade, by a Competent man who is aggressive and expeirenced. The Old management is gone.
Now some here have gotten burned by the past management and I understand your frustration.
The Question now is where does this Company go from here? Seems to me that Mr Grainer has all the right qualifications.
James L. Grainer. Mr. Grainer has made his career in the fields of investment banking and financial management and accounting. Since June 2004 Mr. Grainer has been a consultant to GreenWorks Corporation, assisting GreenWorks in connection with its acquisition of Enviro-Sciences, Inc. Mr. Grainer is also currently the president and chief financial officer of Telco-Technology, Inc. From 2003 until June 2004 Mr. Grainer was the Chief Financial Officer of Polo Linen, where he was responsible for that company's financial management and was involved in all aspect of strategic management. From 2001until 2003 Mr. Grainer was the Managing Director of Investment Banking and Head of the Investment Banking Group at Zanett Securities, a merchant banking firm located in New York City. From 1992 until 2001 Mr. Grainer was a Managing Director in the Investment Banking Group at Prudential Securities, where he served as a member of the Management Committee for the Prudential Securities Private Equity Fund and held other financial management positions. Prior to joining Prudential Securities, Mr. Grainer was employed by Deloitte & Touche, Mr. Grainer is licensed as a certified public accountant in the State of New York.