One of the things I like here is the amount of supply that ibuynew is getting its hands on in terms of sale
offerings but I have noted that previously the company has made comment about sales to people on facebook
and twitter and these seem to have dried up lately. Hopefully the supposedly slowing property market
and the supposed weakening investment from Asia in particular from China isn't impacting IBN at the moment. Looking forward to the next update which hopefully outlines improved sales and revenue generation. One thing that does concern me is the amount of shares on issue, with that amount of shares on
issue it may be difficult to see a decent rise as people trade the pips. Maybe this is one for the really long
term holders who want to see how the business can be developed. I think combining the current operation
with a bricks and mortar real estate operation could be a real winner down the track.
IBN Price at posting:
0.3¢ Sentiment: None Disclosure: Not Held
