Where is that hearsay coming from?

From the grapevine or from the horse's mouth?
It wasn't technically a hearsay, since it was mentioned by an ILCoin admin.
It was Batmin aka @Satoshi1230 who did mention a sneak peak of a few things to come ILCoin's way very soon!

Ok, so it's not hearsay then since it came from the horse's mouth!

On that note, IPO is definitely legit.
True enough, Batmin is definitely a reliable source indeed.

He's ILCoin personified, so to speak.