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IBCX>>>> BOTTOM BOUNCE
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[QUOTE]Originally posted by Bigrod40: [QB] :eek: 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! Now we had a pr recently giving IBCX shareholders a 25% share dividend (pr see here: [URL=http://bigcharts.marketwatch.com/news/articles.asp?guid={2BD12A2A-6ED6-4232-A0DA-243E1CB8915D}&n...]http://bigcharts.marketwatch.com/news/articles.asp?guid={2BD12A2A-6ED6-4232-A0DA -243E1CB8915D}&n...[/URL] ) 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 . [/QB][/QUOTE]
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