Mar 17, 2010
I was email spammed to buy a penny stock in a company call UNILAVA, which has a subsidiary called TELAVA that acquired IBFA Acquisition Company, LLC (see below). As part of my due diligence, I ran across this site regarding some questionable activities by IBFA.
These kind of companies behind multiple layers of companies to continue their questionable activities. Thanks for reporting your experiences here. While this may not be considered as a fraud and scam, trustworthy firms do not operate in this manner and it is not a company I would chose to invest in.
Thanks all of you for posting. Below is the SEC documentation and website I referred to above.
http://secfilings.nasdaq.com/filingFrameset.a ... 8.txt&FilePath=\2009\10\05\&CoName=IWI+HOLDING+LTD&FormType=6-K&RcvdDate=10%2F5%2F2009&pdf=
On January 16, 2008, Telava Acquisitions Corporation, a wholly owned subsidiary of Telava, announced that it has signed an agreement to acquire IBFA Acquisition Company, LLC (IBFA).