scoreman

Thanks for pointing out that IBD released their latest 10k. There is alot of information there that I was unaware of.

For those who are considering a trade of stock for debt you might want to consider how much IBD is diluting their stock:

<From the 10k statement>:
On July 14, 2004, we approved the issuance of 4,000,000 shares of our common stock to Oak Street Ventures, Inc. in connection with a Settlement and Termination Agreement dated July 14, 2004. Oak Street Ventures, Inc., a third party consultant, participated in the acquisition of iBill. The 4,000,000 shares are subject to a one-year lock up agreement. Gary Spaniak, Sr. is a principal of Oak Street Ventures, Inc. Gary Spaniak; Sr. is the father of Gary Spaniak, Jr. (an officer and director of our company)

On August 26, 2004 we agreed to issue 40,000 shares of common stock to. Northbound, Inc in consideration for business consulting services provided to our company during 2004. These consulting services included services related to our insurance coverage. The services were valued at $5,800. The principal of Northbound is the son of Gilbert Singerman, a director of our company.

On October 5, 2004, we also approved the issuance of 503,680 shares of common stock to Corporation First, Inc. for certain business consulting services valued at $73,034. The shares were issued on December 3, 2004. Voting control of Corporation First is held by the mother of Gary Spaniak, Jr.

On October 5, 2004, we also approved the issuance of 503,680 shares of common stock to Corporation First, Inc. for certain business consulting services valued at $73,034. The shares were issued on December 3, 2004. Voting control of Corporation First is held by the mother of Gary Spaniak, Jr.

On December 20, 2004 we approved the issuance of 200,000 shares of our common stock to Children's Academy of Pompano Beach, Inc. The shares were issued to Children's Academy of Pompano Beach, Inc. in consideration for the termination of our lease agreement for our former executive offices and release of any potential claims under the lease agreement. The lease agreement was through December 2007 and the remaining obligations under the lease were approximately $307,500. The principal of Children's Academy of Pompano Beach, Inc. is the mother of Gary Spaniak, Jr.

IBD also traded 6,700,000 shares of stock for cel animation.

1,198,000 shares were given to a individual to convert his preferred stock.

__________________