posted
IBCX Valuation Must Read -----> Stock should be trading .03-.06 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 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 $1,070,382.00IBCX now has 500 million shares authorized 300 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 / 300,000,000 shares Outstanding = .00356794 per share
Which equals: PE of 10 = .0356784 PE of 20 = .0713588 PE of 30 = .1070382 PE of 40 = .1427136 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 wil be 375,000,000 shares after the upcoming 25% stock dividend (given to owners as of Decemeber 1st, paybable to accounts by December 14th)
So the numbers look like this: $1,070,382 net earnings through September 30th, 2006/ 375,000,000 shares outstanding
Which Equals = .002854352 per share
PE of 10 = .02854352 PE of 20 = .05708704 PE of 30 = .08563056 PE of 40 = .11417408
So after doing the above verified math, giving a modest PE of 10-20 we should be trading at .03-.06 per share currently which is 5-10 bags higher than todays close at .006 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:
Projected Net revenues assuming continued revenue stream through previous 3rd quarter numbers $1,340,477.50/ 375,000,000 outstanding share after the upcoming 25% share dividend = .00357406
PE of 10 = .0357406 PE of 20 = .07149213 PE of 30 = .1072382 PE of 40 = .14298426
So as you can see traders are going to be flocking to IBCX near term, and with audited financials coming up and the share dividend date fast approaching nobdoy should have itchy trigger finger. 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 .
Posts: 129 | From: united states | Registered: Aug 2004
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posted
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 .
-------------------- do your own dd, do not buy on my recommendation alone! Posts: 129 | From: united states | Registered: Aug 2004
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posted
Lowering A/S by 30% Audited Financials soon possible. 25% free trading share dividend. Becoming a fully reporting company(moving to OTC BB).
I think we got all goodies to make this stock move much higher PPs.imho And chart looks like its got lots room above after breaking .012.
Posts: 433 | From: New York. | Registered: Sep 2003
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The current Outstanding share count is 228,000,000 shares with the tradeable float around the 200,000,000 + share range. Add in the fact that the company has announced a 25% stock dividend to all shareholders as of December 1st, See Press Release here--> http://biz.yahoo.com/bw/061113/20061113005538.html?.v=1
For those of you that are mathematically challenged, because of the 25% share dividend the Outstanding shares will be 285,000,000 shares as a result of the 57,000,000 shares being distributed to shareholders as the stock dividend payment.
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 350 million shares authorized 228 million shares Outstanding and just over 200 million shares in the float. Here is the current Transfer Agent:
Transfer agent: Atlas Stock Transfer Corporation 5899 South State Street Salt Lake City, UT 84107 P 801-266-7151 F 801-262-0907
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 6-10 bags higher than Wednesdays close at .0085 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 50's on the weekly chart and mid 60'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 .
-------------------- do your own dd, do not buy on my recommendation alone! Posts: 129 | From: united states | Registered: Aug 2004
| IP: Logged |
posted
What better speculation for a killer monday than news of record revenues..
PPS *should* not look back from here out.
IBAC Corporation Reports Record October Revenues Friday November 24, 6:39 pm ET
NEW YORK--(BUSINESS WIRE)--IBAC Corporation (PINK SHEETS: IBCX - News) 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. ADVERTISEMENT
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.
posted
Reasons why IBCX stock should reach .10 pps near term: IBCX has announced record revenues for 1 single month with $842,842.53 recorded. 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. See Press Release here--> http://biz.yahoo.com/bw/061124/20061124005202.html?.v=1
The current Outstanding share count is 228,000,000 shares with the tradeable float around the 200,000,000 + share range. Add in the fact that the company has announced a 25% stock dividend to all shareholders as of December 1st, See Press Release here--> http://biz.yahoo.com/bw/061113/20061113005538.html?.v=1
For those of you that are mathematically challenged, because of the 25% share dividend the Outstanding shares will be 285,000,000 shares as a result of the 57,000,000 shares being distributed to shareholders as the stock dividend payment.
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 other than the just announced October revenues. So we have November and December revenues coming in yet along with the assets and revenenues of the 72 hole golf coures, see here --> http://mbgolf.com/winyah_bay_closes.html
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 audited financials (I do know the fiscal 2006 year ends on December 31st, so it will be sometime after that date I'm sure) 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 350 million shares authorized 228 million shares Outstanding and just over 200 million shares in the float. Here is the current Transfer Agent:
Transfer agent: Atlas Stock Transfer Corporation 5899 South State Street Salt Lake City, UT 84107 P 801-266-7151 F 801-262-0907
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:
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!
The 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 15th)
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 6-10 bags higher than Wednesdays close at .014 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.
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 60's on the weekly chart and mid 70'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 .
-------------------- do your own dd, do not buy on my recommendation alone! Posts: 129 | From: united states | Registered: Aug 2004
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IBAC Corporation Prepares To File Form 10 in Anticipation of Move to the OTCBB
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.
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
Friday is the last day you can buy in for the Dividend for IBCX. A lot of positive moves coming with the stock dividend, the Sanibel Steak House Spin-off, the Audited Financials, and the move to the OTCBB. If your not in IBCX yet you might want to take a starter position tommorrow. Stock closed at .007 today and should see .01 range tommorrow or Monday
-------------------- do your own dd, do not buy on my recommendation alone! Posts: 129 | From: united states | Registered: Aug 2004
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IBAC Corporation Board to Review Accelerated Alternative to Move to the OTCBB Friday December 15, 11:10 am ET
NEW YORK--(BUSINESS WIRE)--IBAC Corporation (Pink Sheets:IBCX - News), 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. ADVERTISEMENT
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."
posted
Meeting one day sooner, maybe monday is a good day??
Press Release Source: IBAC Corporation
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
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.
Posts: 869 | From: Az | Registered: Sep 2006
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posted
I got my dividend, i was only in this one for 200,000 shares.
12/18/06 DISTRIBUTION IBAC CORP COM NEW IBCX 50,000.000 0.00 Cash
Divy doesnt really matter to get 25% extra shares when you dropped 40% now does it? Thankfuly i got a decent sale through at .018 to even up a bit more.
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