IBAC Corporation Updates Status of Audited Financials Tuesday November 21, 10:04 am ET
NEW YORK--(BUSINESS WIRE)--IBAC Corporation (Pinksheets:IBCX - News) announced today that it has a final draft of its audited financial statements and after review will release them to the public. ADVERTISEMENT
"The company and the shareholders have waited a long time for this moment and we are now very excited that now we will be able to become a fully reporting company and file to move up to the OTCBB." Said Wayne Burmaster President
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
Posted by stocktrader22 on :
Pinker so no L2 for me Posted by Prdponce on :
.0085
Posted by Prdponce on :
WANTS TO RUN imo
Posted by Prdponce on :
. 008 x .0085
Posted by Prdponce on :
.009
Posted by IMAKEMONEY on :
IM IN IT, LETS RUN!!!
Posted by IMAKEMONEY on :
BIG WALL AT .0090!!!
Posted by cottonjim on :
trying at .0085, none yet
Posted by Prdponce on :
MM's Moving to .01
Posted by IMAKEMONEY on :
GOOD VOLUME AND THERE MOVING IT UP! Posted by Prdponce on :
looks it could run
Posted by IMAKEMONEY on :
BIG WALL NOW AT .01
Posted by djg7 on :
I can't get filled at .009.
Posted by IMAKEMONEY on :
WERE IN THE .01s. Posted by Prdponce on :
.01
Posted by djg7 on :
Partial fill at .009. Big wall at .01.
Posted by IMAKEMONEY on :
MOVING FAST NOW!!!!!!!!
Posted by Prdponce on :
.01 falling fast
Posted by djg7 on :
.01 x .105.
Posted by NomarKash on :
This thing is going to struggle to get over a penny and stay there.
Posted by Prdponce on :
i think it will be higher IMO
Posted by Bigrod40 on :
AGREED BIGROD, LL2s LOOK GREAT.
Posted by IMAKEMONEY on :
NEXT LEG COMING UP. Posted by Bigrod40 on :
If bored this morning, read this:::
IBCX Valuation Must Read -----> Stock should be trading at .047-.094 conservatively based on a PE of 10-20 after including the upcoming 25% stock dividend and here is why:
Ok lets throw out the numbers and do some math. But before I do that you'll need to refer to this link for the previous unaudited quarterly financials: http://ibaccorp.com/IBACCOMPLETEFINANCIALSSEPT.pdf
Keep in mind we have not yet received this quarters financial results. I have confirmed with the company that they have hired an auditor for audited financials and those numbers will be released near term (see link ---> http://www.ibaccorp.com/auditupdate.php ). I do not have a set date for the release of those financials and I am not going to guess a date and get anyones hopes up.
Here are the numbers as of the quarter ending September 30, 2006: 200 million a/s 188,937,483 shares outstanding and issued and a net profit of $1,070,382.00 IBCX now has 500 million shares authorized 228 million shares Outstanding and 200 million shares in the float. Here is the current Transfer Agent:
TRANSFER AGENT Atlas Stock Transfer Corp. Salt Lake City, UT 84107
Based on current numbers and not reflecting any positive audited financials that are soon to be recognized I come up with the following evaluations:
$1,070,382.00 / 228,000,000 shares Outstanding = .0047 eps per share
Which equals:
PE of 10 = .047 per share PE of 20 = .094 per share PE of 30 = .141 per share PE of 40 = .188 per share
So these numbers are simply sweet, keep in mind this quarters financials are going to be even better!
So now I have to do my numbers over again because of the share dividend. What a deal for all shareholders, you get 1 free share for every 4 you own!
New O/S will be 285,000,000 shares after the upcoming 25% stock dividend (given to owners as of Decemeber 1st, payable to accounts by December 14th)
So the numbers look like this: $1,070,382 net earnings through September 30th, 2006/ 285,000,000 shares outstanding Which Equals = .00376 per share
PE of 10 = .0376 per share PE of 20 = .0752 per share PE of 30 = .1128 per share PE of 40 = .1504 per share
Projected Net revenues assuming continued revenue stream through previous 3rd quarter numbers $1,340,477.50/ 285,000,000 outstanding share after the upcoming 25% share dividend = .0047
PE of 10 = .047 per share PE of 20 = .094 per share PE of 30 = .141 per share PE of 40 = .188 per share
So after doing the above verified math, giving a modest PE of 10-20 we should be trading at .047-.094 per share currently which is 8-14 bags higher than todays close at .007 Keep in mind also that we still have a increase in net revenues coming up for the 4th quarter. So based on the same continued net revenues we should see $1,340,477.50 for 2006 Fiscal year if not higher.That would put us at:
So as you can see traders are going to be flocking to IBCX near term, and with the public release of the audited financials coming up and the share dividend date fast approaching nobody should have itchy trigger fingers. IBCX rsi heading north on the chart but still in the 40's on the weekly chart and mid 50's on the daily a lot of room to go up before a major correction. I've giving you the data now you need to decide for yourself whether to take part in this huge run .
Posted by Prdponce on :
seconfd push back to .01
Posted by djg7 on :
Uptick .0095 x .01. Looks like it want to run now if we get volume.
Posted by IMAKEMONEY on :
GET READY TO RUN!!!!!!!!
Posted by djg7 on :
We need to break through the .01 wall.
Posted by bigwormcb on :
I have an order in and it is taking forever to fill. So far only two partial orders out of 255k.... Loaded and ready for more...Shares are tight....EOM
Posted by IMAKEMONEY on :
NEXT WALL .0130s JMO Posted by djg7 on :
I also only got filled in partial increments. This may run. IMO
Posted by IMAKEMONEY on :
IS ,HAS, WILL!!
Posted by IMAKEMONEY on :
AND IT IS!!!!!! LOL
Posted by Bigrod40 on :
MORE NEWS>>>>>>>>>>>>>>
IBAC Corporation Responds to Shareholders Questions Regarding the Upcoming Share Dividend & Share Reduction 11/22/2006
NEW YORK, Nov 22, 2006 (BUSINESS WIRE) -- IBAC Corporation (Pinksheets:IBCX) a Hospitality Holding Company responds to shareholders regarding today's announced share reduction and the impact on the previously announced dividend.
The 25% free trading share dividend will be given to shareholders of record on December 1, 2006 and paid December 15, 2006. The reduction of authorized shares from 500 Million to 350 Million shares factors in the payment of the dividend.
Shareholders who may have any further questions or concerns regarding these matters may contact the company at 1.718.891.8188
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
Copyright Business Wire 2006
Posted by IMAKEMONEY on :
I LIKE WHAT IM SEEING!!!!!!!
Posted by djg7 on :
1 MM left at .01. Let's bring the wall down!
Posted by amanick on :
You guys are nuts to be in this. someone wil get burned very quickly if you dont keep your finger on the trigger every moment. There is another post for this stock here and I'd advise you all to read it before you get burned. Not a stock to play with at all unless you got it to loose.
Posted by IMAKEMONEY on :
IBAC Corporation Responds to Shareholders Questions Regarding the Upcoming Share Dividend & Share Reduction
Nov 22, 2006 13:03:15 (ET)
NEW YORK, Nov 22, 2006 (BUSINESS WIRE) -- IBAC Corporation (Pinksheets:IBCX) a Hospitality Holding Company responds to shareholders regarding today's announced share reduction and the impact on the previously announced dividend.
The 25% free trading share dividend will be given to shareholders of record on December 1, 2006 and paid December 15, 2006. The reduction of authorized shares from 500 Million to 350 Million shares factors in the payment of the dividend.
Shareholders who may have any further questions or concerns regarding these matters may contact the company at 1.718.891.8188
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
IBAC Corporation Updates Status of Audited Financials
Nov 21, 2006 10:04:39 (ET)
NEW YORK, Nov 21, 2006 (BUSINESS WIRE) -- IBAC Corporation (Pinksheets:IBCX) announced today that it has a final draft of its audited financial statements and after review will release them to the public.
"The company and the shareholders have waited a long time for this moment and we are now very excited that now we will be able to become a fully reporting company and file to move up to the OTCBB." Said Wayne Burmaster President
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
if you read understand this stock you will se the there was an incrase of shares to 500m after they said no more shares to increase and did so with out saying anything. Now what you got is more shares out there that they are using to give the dividens with so there really was never a reduction in shares to begin with which I believe was a false P.R. After the shares are given I still see another r/s comming as that has been the norm for this company.I dont mind ther pumpers on here since I own a lot and will dump as quick as i can I just dontthink that we should have 2 seperate posts on this board where one is only pumping. as i stated earlier in the day that this will drop to last weeks low and it has already started to do so.Hope no one got burnt today .Those that are pumping I'd be real careful that your not the one to get burned as many of us who been in this for years have a lot to dump ourselves at any given time.
Posted by IMAKEMONEY on :
PUMP PUMP PUMP, WHATS UP? THIS ONE GOT YOU? IM ON FREE SHARES AND THINK THIS COULD GO, YOU SAID YOUR PEACE NOW BE GONE.
Posted by andrew on :
Why two threads? Anyway I think it is too late to get in now. If you do it is a BIG gamble. jmo. GLTA
Posted by IMAKEMONEY on :
THERE IS ONLY ONE THREAD, AND YES HUGE GAMBLE. THATS KINDA HOW YOU MAKE MONEY IN THE PINKS,LMAO
Posted by IMAKEMONEY on :
YOU SAY - This could see several dolars very quickly amanick Member
Member Rated: posted March 23, 2006 11:43 AM -------------------------------------------------------------------------------- I agree with the PR's on purchases or attempts to purchase. This company has a habit or releasing info before the deal is even inked which I dont belive is in their best interest.If what they are saying is true then no doubt this will make this stock very valuable. But a lot of the deals they look at probably are not feasible once they really look at the whole picture.I am still not understanding why they bought a finance company rather then do a bigger buy back rather the the r/s. Im hoping that they use the finance company to lower there interest cost on the purchases to finance the other projects that they are / will be working on. My prediction is that once this gets to the other board it will take a year or two before we see any significant gains. However if this does go according to thier plans if they stay with it and no more false PR's This could see several dolars very quickly -------------------------------------------------------------------------------- Posts: 189 | Registered: Jun 2005 | IP: Logged |
Posted by amanick on :
there are 2 posts for this stock look again.
Posted by stocktrader22 on :
that info is incorrect.
Posted by stocktrader22 on :
Umm actually looks correct to me. Look at the mangement page under the ibcx page...same info for him.
Posted by stocktrader22 on :
From HSM, this is going nuts today!
rom : Will Stroborte <lipton2121**********> hide details 15:03 pm to:Investorrelations*ibaccorp.com<Investorrelation s*ibaccorp.com> date Nov 22, 2006 15:33 P.M subject Shareholder question mailed-by *********
To whom it may concern, I am a current shareholder in IBCX. Just wondering when the audited financials will be out ?
Thanks
regards,
Will Stroborte
from: Investor Relations <Investorrelations*ibaccorp.com> hide details to: Will Stroborte <lipton2121**********> date Nov 23, 2006 20:16 P.M subject Re: Shareholder question mailed-by *********
Will,
The audited financials will be released Monday , November 27.
Regards,
Wayne Burmaster President & COO Phone: 718 891 8188 Fax: 775 320 5437
Posted by J_U_ICE on :
looks strong tioday
Posted by TimW on :
up 29% Id say strong.
Posted by stocktrader22 on :
Audited financials rumored to be out on monday, combine thta with 25% dividend for shareholders as of dec 1st, and reduction in A/S....oh yea just the beginning IMO
Posted by stocktrader22 on :
Lots of buying today. Cant wait for next week!
Posted by NomarKash on :
Whose to say that email actually came from Wayne? I've been in IBCX for over a year now and no one ever responds to my inquiries. The only responses I ever get are generic and never personal. I wouldn't bank on the audit coming out on Monday.
Posted by NomarKash on :
quote:Originally posted by NomarKash: This thing is going to struggle to get over a penny and stay there.
quote:Originally posted by Prdponce: i think it will be higher IMO
Like I said. This couldn't stay over .01 on Wednesday and it won't stay over .01 today. Huge manipulation going on. IBAC has never come through with their PR's. I'm not bashing, just stating facts. I've been a long time holder...
Posted by stocktrader22 on :
quote:Originally posted by NomarKash:
quote:Originally posted by NomarKash: This thing is going to struggle to get over a penny and stay there.
quote:Originally posted by Prdponce: i think it will be higher IMO
Like I said. This couldn't stay over .01 on Wednesday and it won't stay over .01 today. Huge manipulation going on. IBAC has never come through with their PR's. I'm not bashing, just stating facts. I've been a long time holder...
Well with a 25% dividend coming on i wouldnt be so sure...
Posted by IMAKEMONEY on :
UP 35% Posted by FurrySound on :
It sure looks like the market is reacting favorably to the email regarding the financials. Although the company may not have followed through on PR's in the past, it sure looks like they are working hard to correct that and move forward. There was a time when AMHD was in the same boat, trading at .003's, no one wanted to buy it because the follow through on PR's was virtually non-existant. Look at AMHD today, a year later, trading at .02 area and recent PR's have all been on the money. Expecting AMHD to continue climbing as well as IBCX.
Posted by Borknagar on :
I think that if the audit came out on Monday and this was good we would be already in 0.02 at least
Posted by worthashot on :
Only one MM left at .0115 and then we are off!!
Posted by NomarKash on :
quote:Originally posted by Borknagar: I think that if the audit came out on Monday and this was good we would be already in 0.02 at least
That's why I doubt the audit is actually coming out on Monday.
Posted by worthashot on :
up 64%
Posted by Bigrod40 on :
Posted by IMAKEMONEY on :
WELL SAID BIGROD.
Posted by stocktrader22 on :
im pissed, got out at .0105 because i had to go to lunch with the family, and missed a 50% winner here.
Posted by FurrySound on :
Great close, looking for more on monday.
Posted by J_U_ICE on :
Awesome close. Hopefully the AF come out Monday. Posted by renrob05 on :
Man i'm not even playing this for the financials.
Divy coming next Thursday...that's why i'm playing.
Posted by Bigrod40 on :
HOW ABOUT THIS FOR A 6:30 ON A FRIDAY NIGHT PRESS RELEASE??
IBAC Corporation Reports Record October Revenues
NEW YORK, Nov 24, 2006 (BUSINESS WIRE) -- IBAC Corporation (PINK SHEETS: IBCX) a Hospitality Holding Company today reported record revenues for the month of October ($842,842.53) these revenue figures are based upon internal records and are subject to verification by the company's independent accountants and auditors.
The company projects annual revenue of $10,500,000 to $11,500,000 for the calendar year of 2006, which will represent a significant increase over last year and the best year in the company's two year history.
The company expects a significant increase in revenues for the forth quarter as the company's restaurants in the Florida, are entering the winter (high business) season, the busiest time of the year for those operations, due to the influx of winter tourism.
The company's Hotel division has realized significant revenue growth over the same period last year, due to increased traffic and ongoing and completed improvements to the properties.
Mr. Burmaster stated, "The Company has under gone some significant changes over the past several months, with that being said we project our best year revenue wise and profit wise in the company's history and we look forward to generating additional revenue (with certain pending acquisitions/revenues to be added by years end) based on these positive results we are extremely excited about our company moving forward into 2007 and beyond."
IBAC Corporation is a New York-based holding company operating through its subsidiaries within the Hotel, Food Service & Restaurant industries. IBAC now has operations in Florida, Tennessee & Arkansas. For more information, please visit: www.ibaccorp.com.
Forward-Looking Statements
Certain statements in this release, and other written or oral statements made by the Company, including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The Company assumes no obligation and does not intend to update these forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, without limitation: competitive and general economic conditions, adverse effects of litigation, the timely development and acceptance of our products and services, significant changes in the competitive environment, the failure to generate or the loss of significant numbers of customers, the loss of senior management or increased government regulation.
Copyright Business Wire 2006
Posted by IMAKEMONEY on :
JUST MADE MY NIGHT BIGROD!
Posted by Bigrod40 on :
quote:Originally posted by IMAKEMONEY: JUST MADE MY NIGHT BIGROD!
Five Stars Please...LOL
IMAKEMONEY, that PR surprised the Hell out of me. Should have the forums buzzing this weekend. Just thinking out loud here, but wouldn't it be something to see audited financials PRed about an hour after opening bell Monday. Just to add to the ride that this PR is going to give it....OHHH YEAHHH
Posted by beandog24 on :
IBCX eye popping news UNREAL. This will be THE play next week hands down. Can't wait for my fat 25% divi. Look at the financials here and only 300 million O/S AFTER the upcoming divi with over 10 mill in revenues this year!! The next huge play to come off the pinks.
Posted by renrob05 on :
Wow monster PR. Very nice.
Posted by beandog24 on :
Lots of attention coming here in the upcoming week. Divi set up a little different must be a holder by wednesday and hold till the 15th to receive the divi i believe looking at the ex date.
Posted by Bigrod40 on :
From Nov. 21st Press Release
IBAC Corporation (Pinksheets:IBCX) announced today that it has a final draft of its audited financial statements and after review will release them to the public.
"The company and the shareholders have waited a long time for this moment and we are now very excited that now we will be able to become a fully reporting company and file to move up to the OTCBB." Said Wayne Burmaster President.
I wonder if we get the audited financials this week ???
Then another Friday Night PR stating "OTCBB HERE WE COME"
Posted by wallymac on :
quote:Originally posted by beandog24: Lots of attention coming here in the upcoming week. Divi set up a little different must be a holder by wednesday and hold till the 15th to receive the divi i believe looking at the ex date.
There is also another thing to look at because it states that due bills are payable on the 20th. Interesting play but a lot to look at.
GLTA Wally
Posted by amanick on :
I will be more then happy to dump the 15 million shares I been holding on monday at .02
Posted by Bigrod40 on :
quote:Originally posted by amanick: I will be more then happy to dump the 15 million shares I been holding on monday at .02
You got BIG BALLS, I would of sold all at .01 and took 150 thousand and RAN. This is a pinkie remember
Posted by beandog24 on :
15 million LOL right. Subtle basher.
Posted by amanick on :
I have no reason to pump or bash this stock. I have been buying since this company was formed.I will allow you all the joyus moments of pumping.The reality of it is that if you did not follow this stock from the begining you have no understanding of what can happen.All of my posts on the closed boards have been accurate to date.Those that are long know this so nothing to prove. As for the amount of shares I indicated I own im not going to argue as to what I own as of this date since it's not relevant. All I got to say is becareful.
Posted by T e x on :
quote:Originally posted by wallymac:
quote:Originally posted by beandog24: Lots of attention coming here in the upcoming week. Divi set up a little different must be a holder by wednesday and hold till the 15th to receive the divi i believe looking at the ex date.
There is also another thing to look at because it states that due bills are payable on the 20th. Interesting play but a lot to look at.
GLTA Wally
typical confusion: the ex-date is the 18th, making the 17th the last day to buy (unless it's a weekend/holiday etc--I'm not looking at a calendar)...record date is irrelevant, except to TA.
Ya, Wally, due bills payable on the 20th, but still attached the 17th--err, that is, last trading day preceding the 18th.
Sometimes--esp with restricted stock--you'll see it quoted without an ex-date, so record date becomes de facto ex-date.
However, anyone choosing to buy based on this info should contact NASD/NASDAQ and confirm for themselves...
Posted by renrob05 on :
quote:Originally posted by Bigrod40:
quote:Originally posted by amanick: I will be more then happy to dump the 15 million shares I been holding on monday at .02
You got BIG BALLS, I would of sold all at .01 and took 150 thousand and RAN. This is a pinkie remember
You're a joke buddy.
More like 15,000.
LMAO
Posted by firefightersw009 on :
Should be a good week, looking for over .02 or atleast touch it today!!
Posted by djg7 on :
Premarter gapper .015 x .0155
Posted by IMAKEMONEY on :
YEP SHOULD FLY!!
Posted by djg7 on :
.016 x .017 this is going to be big. It may retrace before going north.
Posted by rickpic on :
It looks like my 1.5 million shares are finaly worth having! They look a might bettr than they did a week ago at .0023....good luck
Posted by NomarKash on :
there is no point is bashing amanick. check the original IBAC thread. him and i have been in this forever. we've accumulated through reverse splits and have ZERO confidence in this company. I'm actually in the money right now (cost basis .0129) and will most likely sell today.
Posted by rickpic on :
What do you think Nomar? Is this thing gonna QBID or fall flat on it's face? I would think that with the completion of the aquisition and a filing that it could have a small chance of a QBID type run! It does seem to be the flavor of the moment at this time!....rick
Posted by NomarKash on :
I think it depends on the audit rumor. If they actually come out with the audit (doubt it) - then this will fly. Plus the dividend is coming up soon...
Posted by rickpic on :
Nomar...They say they have the final audit in hand from the auditor! Thats no joke to put in a press release! If they don't then that would be a very serious false PR! So I have to side with the filing final coming out at some point soon! It's more the height of this particular run that I'm imerested in, and weather or not they will drop the filing in the mix with it...
Posted by NomarKash on :
Rickpic - they also say in one PR they sold the Royal Arkansas then a few days later another PR says that they own 50%. They have never answered which one it is...I'm just saying they always have conflicting PR's.
Posted by rickpic on :
Nomar..we have both been on this thing for a few years and it's no secret this deceptions. I have always thought that given the amount of assets that ED has keep in this company, that it was worth more and only held back by those deceptions! I guess it's wait and see...good luck
Posted by NomarKash on :
Good luck to you too. I don't know if I have the nerves to keep this past today if it goes over 2 cents.
Posted by IMAKEMONEY on :
THIS BAD BOYS ON A TEAR! Posted by IMAKEMONEY on :
WELL NomarKash HERE COMES .02s??? YOU OUT? Posted by NomarKash on :
not yet, might as well make some money on this bag holder, watching closely.
Posted by rickpic on :
as I said the flavor of the moment! Scary chit!
Posted by rickpic on :
Nomar if your thinking of jumping then it's looking like the MMs got a handle on the run! There could be a sizable return on an out and back in later! Not real sure what there playing yet though!
Posted by NomarKash on :
I've had the order in a .02 but no luck yet.
Posted by rickpic on :
something just tells me that they are gonna shake the bajesus out of this thing even if they plan on taking it above that .021 high!
Posted by rickpic on :
there is another way to look at this also! About 50% OF THE 350M AUTHORIZED HAS TRADED IN THE LAST 4 TRADING DAYS! Most at these higher levels or at least above .01, so that changes the bottom end on this stock conciderably. The more thats bought up here today, the more that average buy price increases! I just don't know how to call the nex't major step for this one other than I think it shakes big before the next level!
Posted by casviper on :
I've owned this for years through all the BS and as soon as it hits .03 I will be at breakeven and out.
Posted by rickpic on :
Needless to say, but I am also refreshing Real Time Filing's about every 5 minutes as well, because that the real trump card here!
Posted by rickpic on :
.018 ask!
Posted by rickpic on :
Nomar you might just get that .02 yet! The .017 may have been the shake! The bid is ask is back at .019
Posted by rickpic on :
The volume just crossed 10% of the authorized also! That's no small trading day, with a market thats down 100 points!
Posted by amanick on :
Norma and viper I am going to be dumping as well in that range as I have discussed in the past. One of the things we know that even with the audit they wont release it any time soon. It took over a year to get the audit to them. There is no say as to when they will release it and I suspect it will be after the new year.I still am suspect on the last PR as well.Notice we were never told of the increase of shares to 500m and after the split will have 350m on hand? thats more shares then what was out before thats still left.Having a history of hiding from holders nothing can be trusted. Good luck to both of you and you are making the right moves with break even and never look back.
Posted by mv on :
The key is the audit,if we see it,the company has a future and the pps can't be lower than 5 cents.
Posted by amanick on :
I agree MV. Problem is how long before we see the audit? It took over a year to get it into their hands and may take just as long for them to release it. Only then will we know what the true assests are. Remember we have no idea what their actual debt is either as it's never been reported.We have no idea whether or not the sold the restaraunt or hotel nor do we know if the deal with the golf course will go through.I tend to doubt the golf course deal will go through as you know they always release info then fail to mention the deal lapsed. Its kind of like the purchase of the hotel they bought only to find out later they only owned a portion of it then supposedly sold it but yet own it .Anyone want to take bets on when the audit will be released? As for the company haviong a future thats possible as I have indicated before but we wont know until they come clean with all of us.
Posted by rickpic on :
All I know is that all this volume is making it look like someone is trying to buy-out IBAC! Hmmm!
Posted by IMAKEMONEY on :
ALL I KNOW IS LL2s LOOK LIKE THERE GONNA TAKE IT BACK UP AND IM WAY GREEN!!LOL IM SAFE TO .0057
Posted by rickpic on :
Hammer Time!
Posted by IMAKEMONEY on :
CANT TOUCH THIS,LOL .05 TO .09 BABY!! Posted by casviper on :
is .09 your prediction?
Posted by rickpic on :
Your a funny guy! but hey I'll take if for some for some reason your dream comes true!
Posted by Bigrod40 on :
quote:Originally posted by renrob05:
quote:Originally posted by Bigrod40:
quote:Originally posted by amanick: I will be more then happy to dump the 15 million shares I been holding on monday at .02
You got BIG BALLS, I would of sold all at .01 and took 150 thousand and RAN. This is a pinkie remember
You're a joke buddy.
More like 15,000.
LMAO
Can someone help out renrob05 with his Math. Heaven forbid he is invested in this, he could be in BIG TROUBLE.
LESSON ONE:: 15 Million X .01 = $150,000 not $15,000.
NOW WHO'S THE JOKE????????? LOL Posted by rickpic on :
it's working on 20% of the authorized being traded today! This is just off the hook! I'm really thinking quite seriously that someone is attempting a buy-out here! maybe it's the golf course they want??? Not sure but now it's traded well over 50% of the authorized since last Wednesday and someone is behind this move in a big big way!
Posted by itsjinx on :
so when can i sell my shares the earliest and still receive the divy????
Posted by IMAKEMONEY on :
READ THREAD
Posted by itsjinx on :
i did and i still dont get it
Posted by IMAKEMONEY on :
STOP THROWING DARTS,LOL, HOPE THIS IS JUST A SHAKE,MOMMY!!
Posted by IMAKEMONEY on :
The 25% free trading share dividend will be given to shareholders of record on December 1, 2006 and paid December 15, 2006. The reduction of authorized shares from 500 Million to 350 Million shares factors in the payment of the dividend.
Posted by itsjinx on :
thank you
Posted by IMAKEMONEY on :
YEP
Posted by IMAKEMONEY on :
EOD RUN UP!
Posted by IMAKEMONEY on :
THANK YOU THANK YOU, JUST THROW MONEY. GAPPER!
Posted by itsjinx on :
u think it will gap? and what to?
Posted by amanick on :
The company doesnt own a golf course please re read ( below )what was said.Not only do they not own the golf course many so called aqusitions never have gone through. At this point we really have no idea what they have and what they don't have because of the false PR's.
IBCX (.0028) Has Executed Contracts to Acquire a Country Club & Golf Course and Now is Pending Boards Approval
Business Wire "US Press Releases "
NEW YORK--(BUSINESS WIRE)--
IBAC Corporation (Pinksheets: IBCX) announced today that it has already (as previously announced) executed its side of the contracts to acquire the previously announced acquisition of a private country club and golf course. The company now awaits approval/acceptance of the Board of Directors of the country club & golf course.
The country clubs Board has met with IBAC representatives for its second round of negotiations, and has informed the company that a definitive decision will be made by December 1, 2006 or before.
Posted by NomarKash on :
So what for today? Will we see it open up?
Posted by IMAKEMONEY on :
.0175 THEN WE BUST INTO THE .02s ,JMO Posted by NomarKash on :
quote:Originally posted by IMAKEMONEY: .0175 THEN WE BUST INTO THE .02s ,JMO
I don't have that confidence...
Posted by IMAKEMONEY on :
WELL YOU SHOULD SELL, SOUNDS LIKE THAT WOULD MAKE YOU FEEL BETTER?
Posted by IMAKEMONEY on :
IBAC Corporation (OTC: IBCX) - Monday's shares increased 21.43% to $0.01700 per share with a total of 72,164,427 shares traded. The company reported record revenues for the month of October ($842,842.53) these revenue figures are based upon internal records and are subject to verification by the company's independent accountants and auditors. The company projects annual revenue of $10,500,000 to $11,500,000 for the calendar year of 2006, which will represent a significant increase over last year and the best year in the company's two year history. The company expects a significant increase in revenues for the forth quarter as the company's restaurants in the Florida, are entering the winter (high business) season, the busiest time of the year for those operations, due to the influx of winter tourism. The company's Hotel division has realized significant revenue growth over the same period last year, due to increased traffic and ongoing and completed improvements to the properties. Mr. Burmaster stated, "The Company has under gone some significant changes over the past several months, with that being said we project our best year revenue wise and profit wise in the company's history and we look forward to generating additional revenue (with certain pending acquisitions/revenues to be added by years end) based on these positive results we are extremely excited about our company moving forward into 2007 and beyond."
IBAC Corporation is a New York-based holding company operating through its subsidiaries within the Hotel, Food Service & Restaurant industries. IBAC now has operations in Florida, Tennessee & Arkansas. For more information, please visit: www.ibaccorp.com. Posted by NomarKash on :
Not a lot of pre-market activity.
Posted by NomarKash on :
no shot of a .0175 open
Posted by IMAKEMONEY on :
LOL, SELL AND FAST!!!! IM IN AND HOLDEN.
Posted by NomarKash on :
bouncing off the bottom?
Posted by casviper on :
Well, I guess this ride is over.
Posted by casviper on :
crash and burn... same old story with this one
Posted by TimW on :
Not quite.. charts read well still.
Know more by lunch.. or once it pokes through the bottom there.
Posted by casviper on :
if this falls below a penny then it will freefall.
Posted by rickpic on :
also, when we get the 25% divi the stock price will reflect this with a 25% decline so if this freefall continues we are going to be worse off. just something to look forward too.
Posted by rickpic on :
cas please leave the scare tactics at the door! A 25% PPS decline post divi is offset by the divi itself, and you know it! Try answering what the proper divi date is, that would be a more productive use of your energy!
Posted by casviper on :
rick, have you been in this stock long? some of us have been in for years and have gone through all this before. you'll see.
Posted by rickpic on :
Cas just the fact that you do not know who I am tells me that I have been in this stock longer than you! Is Oct 04 long enough for you?
Posted by rickpic on :
Furthermore! I still hold many of those original shares! I have been payed 3 divi's on them to date, and 1 coming and that pretty much covers the original value completely!
Posted by amanick on :
wondering who all bought in recent days and got burned guess we will know when things get quite.
Posted by IMAKEMONEY on :
LOL, YA RICK YOU NEWBIE,LOL
Posted by NomarKash on :
a flury of activity in the last few minutes. jumped up to .015 for a few minutes...
Posted by amanick on :
cas you are correct in the decline of the price share. That is a given no doubt as thats been the case. Once the divi's are given we will see a r/s after the new year which is more then certain as this is the norm for the company.Im betting that a r/s will happen before the audit will be released which im guessing in february if we are lucky
Posted by amanick on :
norma as I said last week this stock is being manipulated but if you can break even and get out go for it.
Posted by IMAKEMONEY on :
BACK UP BOYZ! Posted by casviper on :
amanick, watch out for rick he hates negativity. I call it reality. anyway rick, I bought this nightmare on Feb 10, 05. 6,000,000 shares which I watch be reverse splitted to 108,000 shares. and that's including those small divi's we've received.
Posted by amanick on :
btw i got a feeling this will be below 01 before the week ends. if you look at the buy sell charts you can get a picyure of how its being manipulated
Posted by amanick on :
I hear you cas. I read some of the posts and if some people bought from the beggining and held through the reverse spilyts they still wont break even unless they are about in the 02 range and that will be with the new divi's. Btw remember when the divi date was changed last time out thats always a possibilty of it happening again. I am holding the the shares that I got long term as I always said I would but if more false pr's come out I am going to unload just over 023
Posted by NomarKash on :
i agree with you amanick, we could see a week end close of .008. i'm going to watch it through the day. yesterday it had a end of day jump. i'm hoping for the same. sell order in a .017 - lets hope.
Posted by casviper on :
I need it to get to .03 to break even. The funny thing with this stock is that given the earnings and the property that have (own, who knows) it should be trading at .09. I think thats why I've stayed in because it has never traded to its value. (see rick I can be postive) That being said I look at passed performace and charts and have to conclude my previcous statement. rick don't take this personnal we woould all love to see this hit a dollar but we have to be realists and when the stock is doing poorly we have to give our opinion.
Posted by amanick on :
you are correct norma thats where I am thinking this is heading. I also am waiting to see if the aquasition went through on the golf course which we wil know next week maybe if they tell us. If the deal doesnt go through and they still use part of the 500 shares for the divi that just isnt right it should go back to where it was before issuing it which would have brought us to 200m shares then do the split. If they dont do that then i know that the r/s will be certain.
Posted by NomarKash on :
casviper i too think it should be trading well above where it is based on the pr claims. but we never really know if what ibac says is true. they come out with pr's that are vague then months later reverse those pr's. i can't keep track what they actually own. i mean they bought the royal arkansas over a year and a half ago and still cant make a website for the property. a hotel not having an online reservations website is terrible.
Posted by casviper on :
i think they have great ideas however they have morons running the company.
Posted by amanick on :
The issue really for holders long tern is actually what this company is worth. I think what they need to do is state exactly to date what they own , what the percentages are of ownership and most importantly not profit but DEBT which is unknown. all the PR's look great but if you have no idea of the debt of the company then the pr's are worthless. We already know they dont own the golf course that someone mentioned earlier they own. We have no idea whether they sold the hotel or not as indicated in previous Pr"s and we have no idea what the status of sanable is either because of the conflicting reports.Untill this company comes clean with an actual audit that can be identified then this is nothing more then speculation.I go back to my previous posts today. I am wondering who got burned this week by the manipulation of the stock.
Posted by NomarKash on :
anyone remember the country kitchen they were supposed to build next to the days inn they own in memphis? never heard another word about that.
some what norma. Problem is they bought the finace company that we never heard a peep out of since. I am wonderign what was going on with that as well. We all speculated that he purchase of the finace company was for them to use it for a better rate of interest in financing their projects.I got a funny feeling when we find out what the debt of this company is we will all be in for a suprise imo.
Posted by casviper on :
good points amanick and norm
Posted by mikensay on :
Wow! many changes over the last few weeks. I should take a vacation more often.
Just to pipe in on the investment banking company. I presume that the deal never went through like so many others. They have a knack for PR's potential targets and then after a few days of investigating they walk away and we never hear a peep about it.
Posted by T e x on :
quote:Originally posted by rickpic: This is from the Nasdaq stock split list!
nope...says ex-date is 12-18 Posted by casviper on :
CRASH!!!!!!!! Don't be under this falling rock. I think we may end the week well down a penny.
Posted by kt325ci on :
IBAC Corporation Prepares To File Form 10 in Anticipation of Move to the OTCBB Business Wire "US Press Releases " NEW YORK --(BUSINESS WIRE)--
IBAC Corporation (Pinksheets:IBCX) a Hospitality Holding Company today after the bell announced, that it is in the process of preparing the required form 10, that is necessary for the company's request to trade on the OTCBB. The company is working on a fast track basis, and expects to file the form 10 very soon, thus giving the company the ability to trade on the OTCBB.
Posted by madmoney on :
quote:Originally posted by kt325ci: IBAC Corporation Prepares To File Form 10 in Anticipation of Move to the OTCBB Business Wire "US Press Releases " NEW YORK --(BUSINESS WIRE)--
IBAC Corporation (Pinksheets:IBCX) a Hospitality Holding Company today after the bell announced, that it is in the process of preparing the required form 10, that is necessary for the company's request to trade on the OTCBB. The company is working on a fast track basis, and expects to file the form 10 very soon, thus giving the company the ability to trade on the OTCBB.
saw that, but the fact remains this company has never filed anything with the SEC, it will take more than 1 form to move to the OTCBB! 10K,10Q,8K? others? smoke and mirrors?
Posted by casviper on :
agreed, same old stuff with this company. talk is cheap, JUST DO IT!!!!
Posted by itsjinx on :
must be nice
Posted by Bigrod40 on :
Gapper tomorrow. I think we see .02 easy when they A/Fs come out. Then its an easy ride to .035 on OTC official date.
Sorry to the ones that sold today.
Posted by TimW on :
quote:Originally posted by Bigrod40: Gapper tomorrow. I think we see .02 easy when they A/Fs come out. Then its an aesy ride to .035 on OTC official date.
Sorry to the ones that sold today.
Not sorry to the ones that sold today.. THANK YOU to the ones that sold today.
Whenever good news comes out after a sell off at EOD, usually results in a gap up FAST in the morning.. Those that sold, along with new investors, jump online and start buying again!
Posted by Bigrod40 on :
LOL, you said that nicely TIM.... Can I word it this way??
Congradulations to those that didn't sell today Posted by itsjinx on :
do we have any idea when the AF are due?
Posted by itsjinx on :
anyone?
Posted by madmoney on :
quote:Originally posted by itsjinx: do we have any idea when the AF are due?
no one knows, company claims they are finished and will be released as soon as they are reviewed. that was six days ago.
Posted by amanick on :
The company is working on a fast track basis, and expects to file the form 10 very soon, thus giving the company the ability to trade on the OTCBB.
umm fast track ha! It took a year or longer for them to get the so called audit we havent seen yet or that has been released as of this date. So how are they going to otc with out the holders knowing what the even own if anything? and to say fast track is a joke because all this company has been good for is fast and sly PR'S.
Posted by IMAKEMONEY on :
GAPPER!!!!!! Posted by NomarKash on :
"IBAC Corporation Prepares To File Form 10"
Whenever IBAC prepares something it always scares me. Preparation for them is like 2 years and even then they don't get it done.
Posted by lukin4winners on :
Tuesday November 28, 4:02 pm ET gapper
NEW YORK--(BUSINESS WIRE)--IBAC Corporation (Pinksheets:IBCX - News) a Hospitality Holding Company today after the bell announced, that it is in the process of preparing the required form 10, that is necessary for the company's request to trade on the OTCBB.
Posted by Doctoall on :
quote:Originally posted by IMAKEMONEY: GAPPER!!!!!!
Mike, how does this stock differ from G-tel with it's move from the pinks.
Holding here.
Posted by IMAKEMONEY on :
ILL SEND YOU A PM WAYNE Posted by amanick on :
Smiles this morning.
Posted by amanick on :
and here comes the crash
Posted by casviper on :
in a full blaze. we knew this would happen. same old story, same old news..
Posted by NomarKash on :
there it is .0085. knew it would happen. just happened 2 days before i thought it would. still never got out of this dead beat.
Posted by IMAKEMONEY on :
SUB-PENNY,LOL, TIME TO GET MORE AT ABOUT .0040!
Posted by itsjinx on :
what a piece of **** this stock is
Posted by amanick on :
Like I said I am wondering who got burnt on the pump. yes norma we all knew what was going to happen. some of us understand this stock some dont. We will some some activity tommorow for those that want to buy and hold for 2 weeks to get free shares but then they have the problem of selling what they bought after the fact to ride the free shares which depending what they pay for isnt worth it because we know the free riders wil pay a higher price then the stock will tank again below and not rise much depending on how many shares are sold. They will keep the shares below that price to prevent dumping afterwards and then as I said after the new years we will see a r/s then an attempt possibly to release the financials first and depending on the debt an attempt to go to otc which i suspect wont happen till at least the summer if even. I just hope that those who know nothing of this stock and bought because of the pumps didnt get burned to bad.LikeI always say don't get in it unless you got it to loose!
Posted by amanick on :
This stock is not a pos! Actually its a very good speculative stock to own if you got money to loose. If you got in this to get a quick buck im sorry you lost it. There are many postings by people who have been in this stock and you should have read and understood it.Sometimes pumpers have a way of enticing people to buy that have no clue as to whats going on with a certain stock. Having said that I know who got burned on it cause they are really quite now.
Posted by BooDog on :
Just went through this thread and the charts. WOW. congrats to the early birds!
Posted by BooDog on :
quote:Originally posted by TimW:
quote:Originally posted by Bigrod40: Gapper tomorrow. I think we see .02 easy when they A/Fs come out. Then its an aesy ride to .035 on OTC official date.
Sorry to the ones that sold today.
Not sorry to the ones that sold today.. THANK YOU to the ones that sold today.
Whenever good news comes out after a sell off at EOD, usually results in a gap up FAST in the morning.. Those that sold, along with new investors, jump online and start buying again!
Anyone know a good proctologist?
Posted by TimW on :
Hope you all made some money on it while you could!
Posted by casviper on :
as we move slowly down.......
Posted by casviper on :
what happened to all the cheerleaders???
Posted by KublaKhan on :
I'll cheer if I get in at .008 and it bounces off the MA 200
Posted by MONEYROHO79 on :
Well well well i am a younger guy and a very new invester total of 56 days doing it now. some really good ones and some really bad ones ie. ibcx i thought i would be the smartest guy in the world and just sit on the side lines and watch you guys talk about all of these stocks and i would just snap them up and make a killing ha-ha needless to say my johnson got put through the meatgrinder on this one oh well i did get in on another that has kinda made up for it a little. i picked up a bunch ibcx at .021 the other day and somemore the next day at .013 dumb dumb now i am just going to have to work harder next time but i do think you guys a great to watch thank you for all the good and bad advice lol
Posted by casviper on :
i've been warning.... as one who has been in this disaster for a couple of years I would suggest not buying anymore of this. while we can't figure out why this won't move the fact is that it won't.
Posted by amanick on :
Moneyroho welcome to the board. The best thing you could have done in a spec stock was buy low after you bought high.Having done so will allow you at some point to recoup some of your funds. Penny stock is a gamble and this is one stock you should not gamble with unless you fully understand the history of this stock.
This particular stock is called a speculative stock which means that in the long term there is a potential that it will be very lucrative down the road.Unless you can afford to take a loos and or hold a long time it is not one to play.I would suggest that you do swing stocks for small gains if you dont have much money. Those are not as risky as most stocks if you play.one of the swings i play is gbrc. again do your research and not buy in on hypes.
Posted by MONEYROHO79 on :
Thank you very much for your advice i was planning on picking up some more ibcx to try and recoup some loss i think i will wait for it to go back down a touch more i have been studing charts and different websites to learn how to read them I have no choice but to hold out now i am in it for the long hall now it looks like my big plays are in nyx and shld i thought i would try pennies and lower cap stuff to try and make some bigger money quicker to put back in to some more long term soild investments i am having a ton of fun never the less i will do this for ever again thank you guys i look forward to getting and hopefully giving advice someday
Posted by amanick on :
can I ask why you bought at the o21 price that you did?
Posted by IMAKEMONEY on :
daddy needs a new pair of shoe's
Posted by MONEYROHO79 on :
well i the day before going up and thought i might get in the next day and i waited for a little bit the next morning to get in saw it go up up up and jumped in at $.021 thought it would keep going and as soon as i bought it like less than 10 min after it started to dump i guess it was inexperience i will not hopefully be that careless agian i did get in to two other same day one way up other down slightly hopefully will run tomarrow
Posted by Sapper on :
To bring a bit of sunshine on PPS
Rosswood Country Club Board Unanimously Agrees to Sell the Historic Property to New York Based IBAC Corporation Thursday November 30, 11:00 pm ET
NEW YORK--(BUSINESS WIRE)--IBAC Corporation (PINK SHEETS: IBCX - News) a Hospitality/Resort Holding Company reported that tonight the Board of Rosswood Country Club in Pine Bluff, Arkansas unanimously agreed to sell the historic property to IBAC Corporation. The Property will be a 100% owned subsidiary of IBAC Corporation
Hopefully the PPS will grow green with this newfound sunshine.
Posted by MONEYROHO79 on :
that would be nice
Posted by Bigrod40 on :
Well the last timed they PRed a golf course the pps jumped 114%..
P.S. I just love these goofy times they send out PRs. A/Fs will be released on a Saturday night...lol
Posted by IMAKEMONEY on :
Related Quotes Sym. Price Chg. IBCX Trade News 0.009 0 Rosswood Country Club Board Unanimously Agrees to Sell the Historic Property to New York Based IBAC Corporation
Nov 30, 2006 23:00:05 (ET)
NEW YORK, Nov 30, 2006 (BUSINESS WIRE) -- IBAC Corporation (PINK SHEETS: IBCX) a Hospitality/Resort Holding Company reported that tonight the Board of Rosswood Country Club in Pine Bluff, Arkansas unanimously agreed to sell the historic property to IBAC Corporation. The Property will be a 100% owned subsidiary of IBAC Corporation
The country club & golf course a 72 par/6,908 yards was commissioned by International Paper and built and designed by the world renowned golf course designer Alfred H. Tull and opened in 1961, and includes tennis courts, pool, banquet space, restaurant, bar, pro shop with a resident pro. The property encompasses approximately 200 prime acres. For further information visit: http://www.southcentralgolf.com/Pages/Templates/ ArkPrivDetail.php?recordID=Rosswood%20Country%20Club (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.)
The company intents to utilize the country club as an added amenity to the hotel it owns The Royal Arkansas Hotel & Suites in Pine Bluff, Arkansas, The company also intends to incorporate/build a number of tasteful high end single family homes and/or condos on the property abutting the golf course while not compromising the courses history or design, thus creating additional profits from the acquisition while defraying the acquisition cost. The company also intends to maintain the current members of the board on an advisory basis; it is the intent of the company to increase membership back to the level that this property has once enjoyed, with the prestige and level of service equal to or beyond its history.
"We are very excited with the Rosswood Country Club Boards approval of this acquisition as it opens a whole new stream of revenue and adds another significant real estate owned property to our portfolio, the number of profit centers involved with this property are extremely exciting, membership fees, wedding receptions, liquor and food sales, catering etc. The company will never compromise the integrity of this world class property, it is only our intent to restore and enhance its position in history. We expect to close and take possession of the property by year's end." said Wayne Burmaster, President IBAC Corporation.
"We are totally committed to the city of Pine Bluff and the community and we will continue to invest in quality properties in Arkansas" added Wayne Burmaster President IBAC Corporation
IBAC Corporation is a New York-based holding company operating through its subsidiaries within the Resort, Hotel, Food Service & Restaurant industries. IBAC now has operations in Florida, Tennessee & Arkansas. For more information, please visit: www.ibaccorp.com .
Forward-Looking Statements
Certain statements in this release, and other written or oral statements made by the Company, including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The Company assumes no obligation and does not intend to update these forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, without limitation: competitive and general economic conditions, adverse effects of litigation, the timely development and acceptance of our products and services, significant changes in the competitive environment, the failure to generate or the loss of significant numbers of customers, the loss of senior management or increased government regulation.
If I sell today, will I still be entitled to the dividend (free shares) when its paid out?
Posted by amanick on :
No norma I believe it has to be tommorow. It is only for holders as of12/01 which would mean that you had to hold through days end but with this stock you never know
Posted by amanick on :
The pr is useless. All this says is that they agreed to sell doesnt saythe deal went through or the property was transfered.
Posted by amanick on :
MONEYROHO79 like i said you shouldnt be in peenies if your new to trading.Play the swings such as gbrc but be careful with any stock. swings are a lot easier to handle. Good luck in your trading.
Posted by lukin4winners on :
MORE NEWS: Dec 1, 2006 10:30:00 AM Copyright Business Wire 2006 NEW YORK--(BUSINESS WIRE)--
IBAC Corporation (Pinksheets:IBCX), a Hospitality Holding Company, today announced it will form a yet to be named construction & development division.
The wholly owned subsidiary/division will be charged with all building/development activities pertaining to the recently announced agreement to acquire the Rosswood Country Club. The company intends to build depending on zoning ordinances a combination of high end single family homes, condominiums and time share/vacation villas on the property.
The company based on its initial research has determined that the property could yield as many as 300 to 400 building lots; depending on architectural & engineering planning the exact building area will be determined.
The company intends to approach this project as a major master planned development with unit prices ranging from $250,000 to $500,000 with additional revenues being generated from time share/rental fees along with customary greens fees, banquets, bar and restaurant sales, etc.
"This is a historic world class property and the company indents to develop it as such without compromising the beauty, integrity that it enjoys. We look forward to getting started on this project as soon as possible," said Wayne Burmaster, President.
Posted by Bigrod40 on :
MORE NEWS...just out
IBAC Corporation to Form Construction & Development Division 12/1/2006
NEW YORK, Dec 01, 2006 (BUSINESS WIRE) -- IBAC Corporation (Pinksheets:IBCX), a Hospitality Holding Company, today announced it will form a yet to be named construction & development division.
The wholly owned subsidiary/division will be charged with all building/development activities pertaining to the recently announced agreement to acquire the Rosswood Country Club. The company intends to build depending on zoning ordinances a combination of high end single family homes, condominiums and time share/vacation villas on the property.
The company based on its initial research has determined that the property could yield as many as 300 to 400 building lots; depending on architectural & engineering planning the exact building area will be determined.
The company intends to approach this project as a major master planned development with unit prices ranging from $250,000 to $500,000 with additional revenues being generated from time share/rental fees along with customary greens fees, banquets, bar and restaurant sales, etc.
"This is a historic world class property and the company indents to develop it as such without compromising the beauty, integrity that it enjoys. We look forward to getting started on this project as soon as possible," said Wayne Burmaster, President.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
Copyright Business Wire 2006
Posted by Sapper on :
Another small sun ray on PPS....?
IBAC Corporation to Form Construction & Development Division Friday December 1, 10:30 am ET
NEW YORK--(BUSINESS WIRE)--IBAC Corporation (Pinksheets:IBCX - News), a Hospitality Holding Company, today announced it will form a yet to be named construction & development division.
The wholly owned subsidiary/division will be charged with all building/development activities pertaining to the recently announced agreement to acquire the Rosswood Country Club. The company intends to build depending on zoning ordinances a combination of high end single family homes, condominiums and time share/vacation villas on the property.
The company based on its initial research has determined that the property could yield as many as 300 to 400 building lots; depending on architectural & engineering planning the exact building area will be determined.
The company intends to approach this project as a major master planned development with unit prices ranging from $250,000 to $500,000 with additional revenues being generated from time share/rental fees along with customary greens fees, banquets, bar and restaurant sales, etc.
"This is a historic world class property and the company indents to develop it as such without
FTS
Posted by Sapper on :
Sorry, already posted...
Posted by amanick on :
non of this matters because they dont own the property yet. Thisis a useless PR is all it is. Again they dont own the property yet. There is no garuntee the aproval will be made to develop what they want by the planing commision either and so it would be premature to put together an construction division. This is more smokebeing blown.
Posted by MONEYROHO79 on :
amanick, you sure have a lot of faith in these guys don't you lol
Posted by amanick on :
Yes I do actually. Like I said this is a spec stock. The problem is that they are very slick on how they release their pr's.If you notice what is going on here there are alot of shares going out. Look at the shares os as of this date and the amounts bought and sold you wil get an idea of whats going onwith it. They have 2 choices after the divi is paid and thats to do a r/s or to increase the number of shares. I am seeing a r/s happening as I have mention on the other board and I believe that is going to happen.I am a spec buyer and always have been.I have shares that i bought from other companies that I have held for many years and they were successful. Some I didnt do so good on.As an example I bought 10k shares of american airlines after 9/11 when they went to 1.00 per share and held them on spec that they wouldnt file for bankruptcy and they didnt that stock is now trade in the 30.00+ range so it was a good spec stock at that time. Other airlines didnt do so well and went into bankruptcy.I still think you should take my advice as a newbie and play swingers.If you are looking for a stock that pays dividends the best one is usa as it pays about 0.88 per share and is reasonably priced.But as always do your own work before buying.
Posted by Bigrod40 on :
Same old shyt with this stock. A reverse split, while it raises the pps it also means fewer shares for each shareholder. Futhermore there would be, as in the past, a huge sell off thus each person now would have fewer shares,with a falling pps which equals more loss to each shares.
Posted by MONEYROHO79 on :
what about ent for a good divy stock
Posted by amanick on :
MONEYROHO79 I dont know about ent to give you an opinion. I only mention what i am in so you have an idea as to what type of stock to look at. What you play and what you do is up to you. I am not into giving my opinion on stocks I know nothing about. If you played gbrc as i have mentioned to you yesterday you would have done nicely today.In fact depending on the kind of money you have to play with you would have done a bit more then nicely. But please know this any stock is risky and never buy into anything you dont under stand. FYI I am heavily invested in gbrc and not sure at what point I may dump. This is not a long term stock for me
Posted by amanick on :
relevancy of a golf course this company doesnt own?
Posted by amanick on :
cas the only other choice to to let more shares out of the vault? they just released 300m to pay the divy when they took it back last time out.In my opinion that should be able to be sued for deceptive trading. Those shares were to be used for a purchase and if the deal doesnt go through and they dont replace what they let out it is deceptive and those should go right back to the vault. It's bad enough they never informed anyone of increasing the os to begin with to be used for a purchase.Manipulation at it's best now we wait and see if this deal goes through and how long till we wait to see the audit.Any bets?
Posted by andrew on :
quote:Originally posted by MONEYROHO79: what about ent for a good divy stock
Usually (99.9%) sub-penny divi's are all worthless.
Posted by T e x on :
quote:Originally posted by amanick: No norma I believe it has to be tommorow. It is only for holders as of12/01 which would mean that you had to hold through days end but with this stock you never know
The last day *should* be the 15th ( a Friday), the day before the ex-date (that is, when it trades "without dividend). However, I have seen restricted-stock divvies fall under T+3 rule (but that was trading without ex-date, so the record date *became* the ex-date). In this case, the ex-date is clearly the 18th...
The real "problem"--if you want the divvies--is selling too soon...you can sell shares with "due bills" attached, in which case you sell the right to the divvies.
Best thing? Call NASD/NASDAQ and ask...
Posted by itsjinx on :
im holding mine atleast until the divi date just hoping it will bounce
Posted by MONEYROHO79 on :
amen itsjinx
Posted by Sapper on :
watch it....
IBAC Corporation Signs Sponsorship Agreements for Their Florida Restaurants Monday December 4, 12:26 am ET
NEW YORK--(BUSINESS WIRE)--IBAC Corporation (Pink Sheets:IBCX - News), a Hospitality Holding Company, today announced it has entered into two significant sponsorship agreements for its Florida restaurants.
The first agreement for both of the company's Florida restaurants is with the Boston Red Sox; this will be the second year that the company has enjoyed participating in this program. Ft Myers, Florida is home to the Boston Red Sox spring training http://boston.redsox.mlb.com/NASApp/mlb/spring_training/ballpark.jsp? c_id=bos&year=2007 (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.), the sponsorship program will include two center field banners 8' X 16', two walkway marquee posters and a full page spread in the teams program guide. The Boston Red Sox spring training facility is sold out always and the company (IBCX) is very pleased to have that exposure FTS
Posted by Bigrod40 on :
I bet the Yankees are Pi$$ed off that they didn't sign IBAC...LOL Dropped the ball Stienbrenner, maybe trade Jetter for a million shares of IBCX...LOL
P.S. gotta love these stupid hours they release PRs. Hardly wait to see when they release an A/F pr (christmas day maybe?).
Posted by MONEYROHO79 on :
bigrod your my kind of cat i like your sense of humor
Posted by amanick on :
and the point they are trying to make in letting us know they bought advertisement? last one i seen even had the local mcdonalds in it!
Posted by IMAKEMONEY on :
IBAC Corporation Signs Sponsorship Agreements for Their Florida Restaurants
Dec 4, 2006 00:26:26 (ET)
NEW YORK, Dec 04, 2006 (BUSINESS WIRE) -- IBAC Corporation (Pink Sheets:IBCX), a Hospitality Holding Company, today announced it has entered into two significant sponsorship agreements for its Florida restaurants.
The first agreement for both of the company's Florida restaurants is with the Boston Red Sox; this will be the second year that the company has enjoyed participating in this program. Ft Myers, Florida is home to the Boston Red Sox spring training http://boston.redsox.mlb.com/NASApp/mlb/spring_training/ballpark.jsp? c_id=bos&year=2007 (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.), the sponsorship program will include two center field banners 8' X 16', two walkway marquee posters and a full page spread in the teams program guide. The Boston Red Sox spring training facility is sold out always and the company (IBCX) is very pleased to have that exposure.
The second agreement is with the Barbara B Mann Performing Arts Hall, the company has agreed to be the sponsor of the Chita Rivera "The Dancers Life" http://www.bbmannpah.com/performance.php?id=136 show, it will be a full week of exposure of a legendary performer at a world class facility, the company will receive full exposure at all of the performing arts hall events as a sponsor.
"The company as it grows is very appreciative of the opportunities and respect that the community has given, as these opportunities are not handed out easily, we are very happy that we as a company were considered for the opportunity's and are great full for the opportunity to participate and look forward to a most profitable season along with our sponsors'," said Mr. Wayne Burmaster, President of IBAC Corporation
27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
wondering if I should dump a few today to shake this a bit more
Posted by amanick on :
MONEYROHO79 if you got into gbrc you would have made your losses back already . a bit late to get in now though.
BTW I am wondering what happened to bean dog he sure did get awfully quiet hahaha!
Posted by casviper on :
the plunge continues as I thought it would when I read the pr this morning. at least the pps of this stock and the Red Sox have one thing in commong they are both going down.
Posted by itsjinx on :
lol. im out of this POS. i took what little money i had left instead of losing it all
Posted by amanick on :
might as well hold itsjix and get your divy this wil have a short lived bounce
Posted by amanick on :
LOL* cas! We all knew it would and so did the pumpers. Shame that newbies got burnt on it with out knowing about the stock and the way it works.Alot of the drop is a shake at this point anyway so im still good.
Posted by KublaKhan on :
Based on this company's supposed fundamentals this is an excellent buy point assuming they are not currently diluting the hell out of it.
Posted by amanick on :
and you have to assume they are and will
Posted by amanick on :
fundamentals dont mean much if you dont know the debt.Which no one knows.This will see 0004 before years end easily. That might be a good entry point.
Posted by amanick on :
eeek we might even see 004 today the way its going lol
Posted by KublaKhan on :
Amanick, what was your buy in price?
Posted by amanick on :
buy in was i thik originally at 0001 and then it flucuated as I accumulated.Im in about 15m shares combined but for me this is a spec stock alot of what I bought with was gains. I buy and sell based on what my averages are. What i like about that is if I get pissed I can dump.But I wont accumulate anymore till we see 0001 again which i think can happen
Posted by amanick on :
Thinking we need to shake this a tad bit more before the days end or should we all just play nice?
Posted by KublaKhan on :
It sliced through the 200 day MA, then the 50. Will the SAR provide some much needed support? Stay tuned tomorrow for another episode of "Pinks of Our Lives"
Posted by amanick on :
really doesnt matter what the chart says in this stock. There are several people that can take this anyway they want. If you read my earlier posts when I was being ridiculed about the manipulation you will see thats exactly what happened. At any given time those who hold large amounts cant take it down very quickly.Just a matter of who wants to dump to control price.
Posted by amanick on :
If you want to play a stock that can run at any given time I suggest loking at ronc, apt, and cort.These are all good spec stocks for various reasons.GBRC is no longer in play today was the last day for it though it may have a slight up/down tick to it the remainder of the week but nothing worth the swing.
Posted by casviper on :
can this pos get any worse? oh yes it can like .0001
Posted by KublaKhan on :
casviper, what is your agenda?
Posted by amanick on :
lol* cas it will be ok in the end I hope. I been doing good with gbrc and apt.Im out of grbc since not much of a play left. I just got a bit more of apt as I think its going tohave a good week already up 14.5 today. Got to diversify. If we hit 0001 I will make a run at it and yes we will see that soon enough.
Posted by casviper on :
kubla I have no agenda. I own this pos, and as an owner will say as I please, especially when I've owned this pos for the last couple of years and have been lied to by this pos company. but I'm not bitter.
Posted by casviper on :
amanick, do you think I'm pissig people off??? I think we are the only two that see this company for what it really is.
Posted by amanick on :
notice how quiet all the pumpers got I think some lost there a*** and made a fool out of themselves in the process.
Posted by amanick on :
Really dont care if you do. The reality of it is we both understand whats happening and those that dont got screwed.This is a long term stock nothing more or less and if it does pan out then its all green. But until we see the true audit we wont know what to make of it.
Posted by amanick on :
If people have read my/ our posts all along and some of the picks I threw out there to help them offset their loss they would have known who the players were and not got screwed.But hang in there with me we will work it all out in the end.I always hold till they fold when it tanks I never quit no matter how long.This has always been a spec stock.
Posted by KublaKhan on :
I took a highly speculative nibble of this stock today and am of course hoping for a bounce from its recent price plummet. I might lose 50% or I might gain 50+%; that is the nature of this trade and I'm willing to face either scenario.
Casviper, as an owner of this stock wouldn't you like to see it go up? What benefit does your incessant bashing provide? If it truly goes to .0001 like you claim it will, that is a 98% decrease from its current value. It would be absurd for you to continue holding this "pos" from this "pos company" acording to the sentiment which you liberally impart to the rest of us.
Posted by amanick on :
kubla you wil have a gain but im not sure 50%.I anticipate another drop then a brief rise and would hope that if you get a net gain that you take it and be careful unless your in for the long haul.
Posted by TimW on :
I sense this is personal to you amanick.. Especially since its pretty much the only thread (IBCX related) youve posted in since september.
Guess some of us dont know how to let go.. Posted by amanick on :
You are right it is personal and then you are wrong I have posted in other areas so look again. In fact most of what I have posted has always been winners! If you dont take the market or your money seriously then thats your fault.You are correct in my time frame of postings as I travel and dont tend to the boards often but thanks for your interest in my posts.Hope you follwed with care and made some.
Posted by TimW on :
Just seems a long time to be following a worthless stock if thats how you really feel about it.
Definetly made some, and looking to make more. Its defiently got short term plays. up and down all over the place.
Feel sorry for those that bought and are holding for the "divys"..
If they even get them...!
Posted by amanick on :
Not long at all patience breeds success. Your not understanding my posts its not the stock that has people frustrated its the way the company is functioning. No one knows what this stock is worth till we have an audit which i would think will be out by next summer.
Posted by lukin4winners on :
IBCX hit .006 looks like a bottom buster turn around here. Any news and it flies above .01..
Posted by KublaKhan on :
It will be interesting to see if today is the start of a true bounce or the completion of a dead cat bounce.
Posted by lukin4winners on :
I agree Kubla hoping for a green close here... too many got stuck. If the company would issue an update pr on the financials it could go nicely. A green candle should get some interest maybe a little momo bounce.
Posted by KublaKhan on :
Stolen from I*HUB so take it with a grain of salt
quote:Conversation with IBCX IR guy I finally spoke with Ed Hayter today on the phone after leaving a couple messages over the last few days. I am not gonna lie, Ed sounds like a man that is a bit overwhelmed right now. He said receiving over a 100 phone calls a day from shareholders is not out of the ordinary. He also said that he has received many threatening calls and emails as of late. This I find to be ridiculus. People just need to relax. Ed is only one man and can't talk to 100's of people at the same time.
As for the conversation. My main purpose was to let Ed know that if he wants to move forward, he needs to be straightforward with shareholders. I asked him how he would feel right now if he was in our shoes. The company files a Reg Dex and then all off the sudden the T/A stops giving out info to shareholders. He said he completely understood where I was coming from, but reiterated the share structure as Angel has stated. (228 Million O/S, 350 million A/S, approx. 100 million float) He also stated that the Reg Dex was filed in anticipation of future acquisitions and/or deals that might have required its use, however it is not needed at this time due to IBAC securing other sources of financing. (Angel also alluded to this in a past post, that the Reg Dex may have been filed but then never needed) Due to me kind of being in a rush I was unable to get back and reiterate the importance of getting the TA to give out info to shareholders, but Ed did get the original drift that I was not thrilled with the current situation.
We did also dip a little into Ed's past in this conversation. And when the conversation went that direction I was glad to see Ed admit that he made a mistake. He admitted that he did a 504 offering that killed the stock and diluted it to hell back when the company was young (ICAN days), but he said it was a mistake he will never make again. Ed said he has learned a lot in 2 years of being with this company, and if he could go back in time he would have done things much differently. So as I said I was glad to hear Ed feel some remorse for a bad decision he made in the past, as it makes me feel that he is less likely to make another decision like that in the future.
Also as Angel has stated before Ed has a large stake of his own money in this stock as well. Ed personally financed the acquisition of one of their properties out of pocket, with a zero interest loan to the company. He has invested over 6 million dollars of his own money into the future of the IBAC corporation. This should give everyone a little peace of mind. Ed is not diluting shares here, because he stands to lose his shirt if he does. Ed's best source of wealth right now is to build shareholder value and raise the market cap of this company. We both agreed that the stock is trading way below its true valuation, and once again I reiterated that if he wanted it to reach its true value then he would have to do things while keeping us in mind...
I also confirmed that IBAC owns 100% of the Steak Houses and Hotels, however they DO NOT own the land on which the [Steak Houses] sit. They lease the land for the time being...
All in all I was glad I finally got to speak with Ed on the phone. Makes me feel a little bit better about my position here, as Ed and company are looking for a lot more future PPS growth than just a few spikes here and there...
The Kook Book
P.S. would still be thrilled to see the TA giving out share structure info again...keep the pressure on people.
Posted by Bigrod40 on :
So if a guy has a chance to finally talk with Ed about all this and does'nt ask the Question about Audited Financials????? No wonder he goes by the name "KOOK"
Posted by lukin4winners on :
Thanks for the post Kubla I read that too and the poster passes the sniff test with me. He doesn't seem to have any agenda and he did say in his defense he was at work when Ed called and didn't have all his info in front of him so he had to "wing it". The question is why did the stock tumble like it did with no dilution from the company, well I'm sure some of us are familiar with naked shorting which is one possibility ..another is retail sellers and nervous nellies selling when the AF didn't come out as expected. This is a pinky with huge potential imo and I think it's just a matter of a short time when it explodes. For now it's oversold and confidence is coming back into IBCX watch for a gap today and slow rise back to reasonable levels above .01 and higher.
Posted by amanick on :
If you talk to anyone at this company it would have been Wayne not Ed.Wayne was hired to handle all company affairs.Several people tried to get a response and they never got anything worth the time calling.If in fact somehow this person got to Ed it still wouldnt matter because everything they say and do is suspect.This is a spec stock and the reality of it is untill we know the DEBT and SEE THE REAL AUDIT no one knows what this stock is worth.If Ed knows all of these concerns I am sure they would have released a PR recognizing the past mistakes and released the audit right away to give the company the confidence it needs to boost its shares and faith of its stock holders.
Posted by casviper on :
All my bridges are half price today!!! You tell me what bridge you want and I will sell it to you today.... HALF PRICE!!!! lol
Posted by NomarKash on :
I hope those that got burned on the pump at least be able to get some kind of a bump up and some of their return back even though some had bashed me with their stupidity.
I am leaving the country soon and wont be posting again till after feb 2007 so you guys are on your own.
GBRC stil had some bounce left end of the weeek actually it had doubled the amount of dollars in the past week and I dont see it rising much at this point so be careful.It may hit a downward trend pretty quick.
I hope some took my advice and played it so that they you able to make up for some of your losses.
APT and CORT are still both playable at this point but do you own DD before you buy.This stock wont be doing anything much till after the new year if you get a rise sell and go.
Posted by amanick on :
My prediction still holds that we will see 0.004 or lower before year end.
Posted by MONEYROHO79 on :
thanks for your help amanick have a good time out of the country
Posted by lukin4winners on :
IBCX if it can close higher today and break .008 it could run into the ex date 12/15. Charts do look good and it's been holding strong with good volume. Next couple days will tell the tale. Back in today
Posted by lukin4winners on :
News out AH this looks very good as a spinoff from IBCX holders will receive shares in the new company. Great close at the hod and news should pop tomorrow. IBAC Corporation Board to Meet Monday to Review a Proposed Spin Off of Its Restaurant/Food Service Unit Dec 13, 2006 4:23:00 PM Copyright Business Wire 2006 NEW YORK--(BUSINESS WIRE)--
IBAC Corporation (Pink Sheets:IBCX), a Hospitality Holding Company, today after the bell announced that its Board of Directors will meet Monday to review and consider spinning off its restaurants and food service business to another publicly traded company.
The Board will meet to consider the mechanics of the deal and the structuring of the spin off, the company believes that this move will enhance shareholder value and grow the two companies' faster towards its stated goals and objectives. The restaurant and food service business would include the two restaurants in Florida and its interest National Hospitality Management Group (NHGM holds the contracts with the Pine Bluff convention center) in Arkansas and the Restaurant in Memphis.
The company sees the spin off as a positive move towards growth and prosperity for the company and its shareholders, the value of the spin off is set between 4.5M - 5M dollars with shareholders of record to receive stock and/or a cash dividend in the new company, so shareholders will maintain an interest in all of the assets.
"We believe that with this proposed spin off the two companies will grow at a faster pace in their respected industries, the restaurants will concentrate on new locations either by franchising or company built restaurants. The company's brand names are Sanibel-Palms Steakhouses, Cozze. IBAC will concentrate on the Hotels and Country Club & Golf Course of which is all Real Estate owned properties with a home building division being put in place and will concentrate on additional acquisitions. IBAC will continue with its anticipated move to the OTCBB with a stronger asset base," said Wayne Burmaster, President IBAC.
Mr. Burmaster also stated "that this will streamline expenses and accelerate growth as each company will operate within its selected industry. The details of how the deal will be structured and the identity of the spin off public entity will be announced after the Board meets."
Posted by amanick on :
Depends on who wants to shake this thing. What I like about this is anyone with any decent amount of shares can crash this on a dump in less then a second.
Posted by lukin4winners on :
This stock has been trading fairly normally unlike some stocks which have been unmercifully taken down either by naked shorting or companies dumping shares. Hopefully this will continue with news coming up monday on the spinoff and the exdate of the 25% dividend maturing on the 15th. dec. 200 day moving avg is .008 and resistance .009 , .01 , .012 and blue sky from there up to .02 good luck
Posted by amanick on :
This is going to tank again. Problem is pr's come out and there are never follow ups so no one knows if they are truthful or not.Look at past pr's and you will see what I mean not a single one had a follow up all talk and no action. Everything this company says and does is suspect and we will see a r/s soon take my word on it . Many people get caught by suprise. Not to mention the fraud that I believe occured by letting shares out with out holders knowing to pay the dividend that were retired during the last split. The shares need to be retired since they are not using them to purchase anything and pay the dividend that way. Anytime a company dumps shares intot he market with out holders knowing is a bad thing.
Posted by casviper on :
quote:Originally posted by casviper: All my bridges are half price today!!! You tell me what bridge you want and I will sell it to you today.... HALF PRICE!!!! lol
SPECIAL SALE TODAY!!!
All bridges 80% off. Just tell me which one you want to buy and its yours.
lol
Posted by KublaKhan on :
Its a good thing we have you guys here to help save us from ourselves.
As for me, I'm up 60% on IBCX in a week and a half.
Posted by lukin4winners on :
Kubla this one needs a little patience the divys will be issued in the next couple days and more news to come on the spin off. Just look at the charts you can see where it has been and where it can go...bullish right now.
Posted by amanick on :
News doesnt matter if the deals dont go through.The only spin off that we have so far is their spin in PR's. We have waited over a year for the audit to be completed that is suppose to be completed but yet we never seen it as of yet. We have a golf course thats suppose to be in the works to purchase and we havent heard about the purchase or price anymore.. The list goes on and on. I again will state that there were shares taken out of the vault to supposedly purchase the golf course as pr'd but they decided to pay cash for it? Umm How rich is this company to pay all cash for the deal and the total cost of the deal? The increase of 300m shares comes no where near the cash they are paying for anything.If the deal doesnt go through and they don't return the shares to the vault then I would have to say IMO thats out right fraud especially with the past r/s that they done to retire those shares.Again I say where is the audit and why does this company not tell shareholders exactly what they now own and the percentage of ownership and why they failed to mention they were letting those 300m shares out of the vault to begin with. If they let those shares out of the vault with out holders knowing in advance how many more will they release with out anyone knowing.I again say with all the misleading PR's how can anyone trust anything that is being PR'D. This is all suspect till we know what this company is all about.
Posted by casviper on :
down again.... they can't even give their stock away (in a divi)... lol
Posted by IMAKEMONEY on :
IBAC Corporation Board to Review Accelerated Alternative to Move to the OTCBB
Dec 15, 2006 11:10:24 (ET)
NEW YORK, Dec 15, 2006 (BUSINESS WIRE) -- IBAC Corporation (Pink Sheets:IBCX), a Hospitality Holding Company, today announced that its Board of Directors are meeting Monday to review and consider spinning off its restaurants and food service business to another publicly traded company, the Board at the same meeting will also vote on IBAC moving to the OTCBB via a reverse merger with an existing fully reporting OTCBB traded company.
The company believes that a reverse merger with an existing OTCBB company would accelerate the move opposed to the filing of Form 10 etc. The company is intent on getting listed on the OTCBB for the beginning of 2007.
The company sees the spin off as a positive move towards growth and prosperity for the company and its shareholders, the value of the spin off is set between 4.5M - 5M dollars with shareholders of record to receive stock and/or a cash dividend in the new company, shareholders will maintain an interest in all of the assets.
"We believe that the proposed spin off will enable the two companies to grow at a faster pace in their respected industries, the restaurants will concentrate on new locations either by franchising or company built restaurants. The company's brand names are Sanibel-Palms Steakhouses, Cozze. IBAC will concentrate on the Hotels and Country Club & Golf Course of which is all Real Estate owned properties with a home building division being put in place and will concentrate on additional acquisitions. IBAC will continue its anticipated move to the OTCBB with a stronger asset base," said Wayne Burmaster President IBAC.
Mr. Burmaster also stated "that a reverse merger with an existing fully reporting OTCBB company would be a faster way to achieve our goal of becoming a fully reporting company."
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
maybe they are merging with CSDH lol
Posted by FurrySound on :
end of day run here
Posted by FurrySound on :
HUGE NEWS out today
IBAC Corporation Board of Directors to Move its Previously Announced Meeting from Monday 12/18/06 to Sunday 12/17/06 Saturday December 16, 4:34 pm ET
NEW YORK--(BUSINESS WIRE)--IBAC Corporation (Pink Sheets:IBCX - News), a Hospitality Holding Company, today announced that its Board of Directors will meet Sunday 12/17/06 instead of its previously announced meeting for Monday 12/18/06 to vote on spinning off its restaurants and food service business to another publicly traded company, the Board at the same meeting will also vote on IBAC Corporation moving to the OTCBB via a reverse merger with an existing fully reporting OTCBB trading shell company. ADVERTISEMENT [Blocked Ads]
The Board of Directors will be voting for what's in the best interest of the shareholders and the company moving forward.
This change in meeting dates has been prompted by a last minute event that requires the CEO Edward W. Hayter to travel out of town for a meeting on Monday, so that he may finalize an acquisition opportunity that the company has been working on for several months before years end.
The company will release the results of the meeting and the vote and detailed structure, direction as soon after as possible. Mr. Hayter will leave immediately after the meeting as the time frame for completing this acquisition before years end is imperative for tax purposes and others involved holiday schedules.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
-------------------------------------------------------------------------------- Source: IBAC Corporation
Posted by Bigrod40 on :
Well I must say, they do have a habit of keeping people intersted these days. Hopefully Eddie has a nice Christmas present finally for his shareholders.
Posted by mv on :
It seems otcbb is real this time,WE will se 5 cents if it is true.
Posted by amanick on :
It's a diversion is all it is to keep the audit from comming out.
Posted by tompom on :
i´m in at .005 looks hot
Posted by tompom on :
.005x.0055
Posted by tompom on :
added .0041
Posted by tompom on :
moving back up
Posted by tompom on :
NEWS:
IBAC Corporation Board of Directors Approve Several Issues at a Meeting Held on Sunday 12/17/06 Dec 18, 2006 1:54:00 PM Copyright Business Wire 2006
NEW YORK--(BUSINESS WIRE)--
IBAC Corporation (Pink Sheets:IBCX), a Hospitality Holding Company, yesterday Sunday 12/17/06 announced that its Board of Directors has approved unanimously to spin/sell off its restaurants and food service businesses to another publicly traded company, the Board at the same meeting also approved that the remainder of IBAC Corporation's assets and company will move to the OTCBB via a merger with an existing fully reporting OTCBB fully trading shell company.
The first action that was approved was the spin/sell off of the company's restaurants and its holdings in its food service businesses, the value of the transaction is expected to be a minimum of $4,500,000 or as high as $5,000,000 dollars with a dividend to be paid to common shareholders in the form of either cash/stock or both. The dividend will be paid to shareholders only and exclude all officers and directors of the company. The company expects the transaction to be ready to close within Thirty (30) days, at that time the company will announce the payment/dividend structure and provide the name and symbol of the new company.
The second action that was approved was the merger of IBAC Corporation and the remaining real estate owned assets and future acquisitions into a fully reporting and trading OTCBB company, the surviving entity will include all of IBAC's real estate holdings and will maintain the IBAC name and share structure. The shareholders will receive equal value in the transaction of shares of the merger.
Edward W. Hayter the CEO of IBAC and the largest shareholder in the company "said that this plan to maximize the company's asset and shareholder value going forward is the best course of action, I believe that the spinning off of non real estate owned properties and recovering as much cash as possible to reinvest in real estate owned property's and moving the company to the OTCBB are the best way to maximize shareholder value."
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
Source: IBAC Corporation
----------------------------------------------
IBAC Corporation Investor Relations 718-891-8188 Fax: 775-320-5437 ir*ibaccorp.com www.ibaccorp.com Posted by amanick on :
well well we droped below 0.004 like I said we would and a lot sooner then I thought.
Posted by Bigrod40 on :
quote:Originally posted by amanick: well well we droped below 0.004 like I said we would and a lot sooner then I thought.
Sp what are you looking for?? Someone to stick a star on your chest. Posted by tompom on :
lost 200 bucks on this POS
Posted by casviper on :
Did everyone get their 25% stock divi? I have ameritrade and just looked at my account and they are not there.
Posted by T e x on :
odd...they're usually among the first, if not *the* first to credit shares...
Posted by wallymac on :
quote:Originally posted by casviper: Did everyone get their 25% stock divi? I have ameritrade and just looked at my account and they are not there.
recieved my shares through Scottrade. There were actually in my account last night. I was very surprised since they usually take their time.
Isn't Ameritrade only allowing sells on this? Not letting anyone take new positions or am I getting this mixed up with all the others that Ameritrade was put buying restrictions on?
It's really ironic considering their present AD campaign regarding giving thier customers the independence to make their own decisions.
GLTA Wally
Posted by wwilliammc on :
I have TDAmeritrade also & no sign of the divi yet.
Posted by amanick on :
Hahaha no Rod just mentioned it because a lot of people give me greif when I talk about this stock as if I no not of what I speak.
Cas I got the divi today and it tanked just as I mentioned last week !
Tom you should have read the board and known better not to play this.
Posted by NomarKash on :
I got my divi - with scottrade.
Posted by MONEYROHO79 on :
ameritrade said since they are waiting for the company to send the stocks they can not issue them until they get them it will be 5-10 bussiness days
Posted by superman7 on :
just bought some here at .0032, its turning
may go nicely from here
Posted by amanick on :
Ok now we are down to 0.0003! now I want an apology from some of the idiots who came here and bashed me the way they did! Hahaha Im only kidding You lost your money and thats joke enough for me. Next move is the reverse split. For those that been holding do you see a pattern here in the past couple of years.Un fortuantely my trip to europe wil be just for under 2 months so I wont be able to witness the cruxification of this stock. I Hope you guys took a look at cort,apt,ronc they all have been doing good for day trades. GBRC is a non player as it has peeked it may get a short lived spike just be careful.If IBCX didnt get all your cash they are good players all short term
Posted by superman7 on :
its starting to move up..lost more then half its value in the last 3-4 days should bounce a bit from here
Posted by amanick on :
There is the potential to see this to about 0.0015 before a bounce.But im certain of a short lived one.This whole scenerio was forecasted last week and its doing just as predicted.
Having said that I would hold out a bit longer and see if anything comes from the bounce before you consider it.I still predict the r/s because this is the pattern of the company if you have follwed this for any amount of time.
Posted by amanick on :
Re-release of the same PR is tanking this thing big time. They really need to let the audit out but they wont because it's not good im sure. The reason for the spin off if it even occurs would be that would prevent them from having to release an audit on holding they no longer owe and would have to reaudit which will take another year if not longer.This is no doubt a r/s in the works.
Posted by casviper on :
this stock and company is a big joke. I wish I had a penny for every lie.. I would be rich.
Posted by itsjinx on :
definitely a POS stock
Posted by casviper on :
its very close to its year low. PIECE OF SHYT!!!
Posted by amanick on :
ok i think more shares were let out of the vault again with out us knowing. if you do the math of the last month alone buy vs sell there is something wrong with the stock price.Only way for this to have tanked this much was because a lot of flooding was going on. Do the math please lol.
Posted by Taguchi1 on :
yeah....I feel like a bagholder on this one. I don't know what to think.
I hope for somewhat of a rebound. I think I missed my opportunity.
Posted by lukin4winners on :
Looks like an oversold bounce here . Don't see a lot of volume to indicate divy selling so it could move higher today. A pr from the ceo clarifying the share structure would help and be a nice xmas present for the shareholders....Looks good so far.
Posted by amanick on :
what bounce. This has the potential to go 00015 or possibly 00013. Another PR from any of these guys will tank this dramaticallyunless its a verified audit. Everyone that knows stocks know why that started to talk about a spin off and thats to prevent the audit from comming out. If there is a spin off before the audit is released that audit is not valid.
Problem is everyone knows these guys are full of shyt that it scares everyone when they speak.Granted there may be a slight bounce but it won't add to much and this is the same scenerio as last time when they did the R/S right down to the dotted line.
Posted by farmgirl on :
Someone used the wrong numbers on that transaction.
Posted by TMD on :
HERE WE GO
Posted by KublaKhan on :
Hey amanick,
What do you think would be a good price for me to get back in or would you advise me to keep my gains and stay away?
Posted by amanick on :
Keep the gains.I wouldn't buy till at least after the new year and that really depends if they release the audit which I doubt because if they agree to a spin off I would think that audit to be invalid and at best inaccurate.I wouldnt trust any PR's between now and at least march of next year. I still sense a r/s but I will be out of the country next 7 weeks to follow up.Hope you read some of my swing picks they all did very nice.
Posted by lukin4winners on :
IBCX you may or may not like this company with all the controversy about the audit and dilution etc. but for me it's a matter of buying low and selling high plain and simple. Right now for a holiday weekend the volume is surprisingly good 7M+ shares *10:40 am pst. .0025x.0026 where it goes from here I don't know but there is definitely interest and a posibility of Ed being forthright with the audits upcoming in the near future. good luck
Posted by amanick on :
I agree with you on the buy low sell high but this has not reached its lows yet. It will drop to the predicament I mentioned in the last post. There is nothing wrong with buying this stock if you can handle the r/s and false pr's. My point has always been that this is not for those who want to and expect to make anything quickly.Personaly I like this stock because its a great place to learn about sub penny manipulation.
![[Frown]](frown.gif)
![[Big Grin]](biggrin.gif)
![[Eek!]](eek.gif)
If bored this morning, read this:::![[Razz]](tongue.gif)
MORE NEWS>>>>>>>>>>>>>>![[Wink]](wink.gif)
You got BIG BALLS, I would of sold all at .01 and took 150 thousand and RAN.![[Roll Eyes]](rolleyes.gif)
Can someone help out renrob05 with his Math. ![[Smile]](smile.gif)
![[Cool]](cool.gif)
Well I must say, they do have a habit of keeping people intersted these days.