posted
So you're the one who brought it down in late day trading ? . I was hoping for a .0004 close but who cares , this stock is becoming a very intriguing investment . I have no idea what that will do with the pps , but it finally moved nicely yesterday with a high of .0005 , so no matter , the ride is becoming fun again . Today should be something .
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posted
If the chatter across the net is any indication the this will be a very interesting day! Its a good solid asset and revenue backed stock that will add 2.5,3.and 13.5 million to its asset base over the next few months. Its worth reading all the back PRs on this comapany.
posted
I BELIEVE THIS IS GONNA BE STOCK OF YEAR IN MY PORTFOLIO.... :-)
-------------------- Do not believe in anything simply because you have heard it or it is spoken and rumored by many. But after observation and analysis,when you find that anything agrees with reason And is conducive to the good and benefit of one and all, then accept it
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posted
A pink with $30 mil+ in assets+revenue is worth talking and telling about. Especialy one thats only .0003x.0004! The 1.3 billion share float is going down and the CEO is buying back 500 million shares in the open market shares! On top of whats already there, its been PRed that two assets equiling $6. million will be closed and added in April/June and there already looking at another worth $13.5 million. Read the PRs here, because I believe its time to start taking this company and its CEO seriously. At the very least keep in on the radar!
Rick
-------------------- Nothing moves a sub like news!!!
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posted
The one thing that about the CEO buying the 500mil is that he can dump it back in at anytime. It would be different if the Company was going to buyback and retire.. That would be a great money maker. Still I've been watching this for about two months and I wish I'd bought in Monday when it was in the .0001-.0002 range. I will try and get it later. Great Company..
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posted
McFly...i tried to buy 0.0002. but it didnt get through.
-------------------- Do not believe in anything simply because you have heard it or it is spoken and rumored by many. But after observation and analysis,when you find that anything agrees with reason And is conducive to the good and benefit of one and all, then accept it
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-------------------- Do not believe in anything simply because you have heard it or it is spoken and rumored by many. But after observation and analysis,when you find that anything agrees with reason And is conducive to the good and benefit of one and all, then accept it
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posted
500m volume today,still only 0,0004,why do people sell ican,when there is such a great potential, i think it will take a little longer to make are people realis the true value of this stock
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posted
Yes. It need time, people are just takin 50% or 100% profit. This is very good stock..This is not just like paper company stocks :-)
-------------------- Do not believe in anything simply because you have heard it or it is spoken and rumored by many. But after observation and analysis,when you find that anything agrees with reason And is conducive to the good and benefit of one and all, then accept it
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-------------------- Do not believe in anything simply because you have heard it or it is spoken and rumored by many. But after observation and analysis,when you find that anything agrees with reason And is conducive to the good and benefit of one and all, then accept it
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NEW YORK--(BUSINESS WIRE)--Feb. 7, 2005-- IBAC Corporation (ICAN:PK) today announced the closing date for The Royal Arkansas Hotel & Suites. The closing is scheduled on or before March 1, 2005 upon completed contracts due this week. "We are very excited about this asset coming into our fast growing company as it will add some 3 to 4 million dollars a year in revenue and enhance our presence within the Pine Bluff Convention Center Complex, along with other current assets this will bring our projected revenues to 7 to 8 Million for this year as the company stands right now. Upon closing the two other contracted Sanibel Steakhouses by years end this will give the company another 5 to 6 Million in revenues over all giving the company through its subsidiaries a combined revenue stream of some 12 to 14 Million dollars per year, we are keeping within are stated strategy of aggressive growth over the next three years ." said Edward W Hayter President IBAC Corporation currently operates through its subsidiaries National Hospitality Management Services and The Sanibel Restaurant Group with soon to be added The Royal Arkansas Hotel & Suites the company will have some 95 employees and with the addition of the two contracted Sanibel Steakhouses the company will then have some 175 to 200 employees. The company is in the initial stages of having an audit performed for the purpose of becoming a fully reporting entity with the intent of either becoming listed on the otcbb or nasdaq small cap exchanges. The company continues to aggressively seek additional synergistic acquisitions or mergers to enhance assets and revenue stream while it negotiates some current prospects.
About IBAC Corporation: (PINK SHEETS:ICAN - News). IBAC Corporation, a food and beverage services/restaurant holding company based in New York, NY. Operating through its subsidiaries, The Sanibel Restaurant Group and National Hospitality Management Services, IBAC intends to grow aggressively throughout the next three years, through acquisitions, mergers and the building of new establishments.
About the Industry: The restaurant/food and beverage services market represents more than $350 billion in the U.S. with growth rates expected of 4.8 percent to 5.2 percent within the next year.
Forward Looking Statements: This information includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel as related to the restaurant industry. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
KEYWORD: NORTH AMERICA NEW YORK UNITED STATES INDUSTRY KEYWORD: TRAVEL LODGING RETAIL FOOD/BEVERAGE RESTAURANT MERGER/ACQUISITION SOURCE: IBAC Corporation
posted
Well lets see what happens to the PPS today. With the exception of the PR related to the buying of shares by the CEO, the other recent PR's did not have a great effect on the PPS.
-------------------- Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow
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quote:Originally posted by Doctoall: Well lets see what happens to the PPS today. With the exception of the PR related to the buying of shares by the CEO, the other recent PR's did not have a great effect on the PPS.
you're right Doc but you have to like a company that actually follows up on it's pr's and does the things they claim they are doing, kind of rare here lately. Now if they make good on all their promises we could be in for a ride.
NEW YORK, Feb 2, 2005 (BUSINESS WIRE) -- IBAC Corporation (PINK SHEETS:ICAN) today announced that they have entered into a definitive letter of intent whereby IBAC will acquire a majority control interest in The Royal Arkansas Hotel & Suites, Inc. the transaction is subject to a definitive agreement and all regulatory approvals.
The Royal Arkansas Hotel & Suites is a 200 room five story atrium Hotel on the grounds of the Pine Bluff Convention Center and is attached to the Convention Center. The Hotel features an indoor swimming pool two restaurants a lounge and 10,000 square feet of banquet space and 4000 sq feet of rentable office space in the lobby area. The hotel has a 23M dollar replacement value and was built in 1989 by Kemmons Wilson the founder of Holiday Inn and is approximately 180,000 square feet in size and holds a full liquor license.
The Pine Bluff Convention Center (www. pinebluffonline.com) has 90,000 square feet of meeting and exhibit space, the Convention Center is the fourth largest meeting facility in the state of Arkansas. This colossal center features a state-of-the-art arena, an auditorium/theater, banquet hall, spacious lobby area, ample parking, full camper hookups, a beautiful park and the Arkansas Entertainers Hall of Fame.
" We have decided on this acquisition to enhance our holdings in Arkansas as IBAC thru its subsidiary National Hospitality Management Services already holds a (5) year contract with (4) renewable (5) year options for the food beverage, concession & banquet services at the convention center and also manages the food, beverage and banquet operations of the hotel. I am very excited about this acquisition as it gives IBAC exclusive revenue from everyone eating, drinking and lodging in the entire convention center complex to IBAC," said Edward W Hayter President
The Royal Arkansas Hotel & Suites is jointly owned by Turner Hughes Corporation and International Hotel Management. Turner Hughes Corporation is a private Investment Banking Firm owned by Edward W Hayter President of IBAC Corporation.
The company also keeping with its aggressive plan for growth over the next three years is in the preliminary stages of negotiating an acquisition of a chain of restaurants in Arkansas that has revenues of 13.5M per year with an EBITA of approximately 1.4M.
-------------------- am I part of the cure, or am I part of the disease...
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posted
THIS IS VERY GOOOD STOCKS...HOLDING LONG AND ACCUMULATING MORE... :-)
-------------------- Do not believe in anything simply because you have heard it or it is spoken and rumored by many. But after observation and analysis,when you find that anything agrees with reason And is conducive to the good and benefit of one and all, then accept it
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posted
They will eventually have to get off the pinks if they want to be taken seriously , even a jump to the OTC would inspire confidence . Hey , it's high for the day was .0006 , so that's a good sign , now i hope it can close above .0005 sometime in the near future .
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posted
I hope, they will get off pinks and enter into OTC ...may be end of 2006
-------------------- Do not believe in anything simply because you have heard it or it is spoken and rumored by many. But after observation and analysis,when you find that anything agrees with reason And is conducive to the good and benefit of one and all, then accept it
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posted
i think,end next week,ican should be around.0,0007 or more.The pr's are really good,so if somebody still doesn't believe in the huge potential of ican,i think they never will,i am holding my 9m,till i see something like 0.03, i think ican will be one of the stocks of 2005 to be watched
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posted
This is a stock that needs to be held for the long term. Why do I say this? When I first came across this my gut said buy. I have followed my gut many times and now wear a size 38. I have held some stocks as long as 5 years and did well.Only invest what you can afford to lose. If you have no patience then micros arent for you unless you want to chase the $50-$60 gains. I bought a stock over a year ago at 0.0009 and sold it at $3.96. The stock was grsu, I was told by many to dump the pos but my gut said no. I also accumulated many more since then along with some others I feel that have potential.I like mics/pens for the long haul and will continue to buy on the dips. If you have faith and belief and want to gain a few inches around the waist hang on for a while.
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NEW YORK--(BUSINESS WIRE)--Feb. 9, 2005-- IBAC Corporation (Pink Sheets:ICAN) today announced the formation of an entertainment subsidiary to be named Royal Arkansas Productions, Inc. "We are very excited about the formation of this new entity, as we plan on using this subsidiary to book concerts and events into the Pine Bluff Convention/Arena Complex, thus increasing traffic to the complex and the company's restaurants, bars, concessions at the convention center and hotel. We are currently negotiating dates with such artists as BB King, Ashford & Simpson, Al Jarreau, Roberta Flack and other acts with the intent of producing at least one show every six weeks or so. It is the company's intent to maximize its revenue stream through out the entire complex," said Edward W. Hayter President. IBAC Corporation currently operates through its subsidiaries National Hospitality Management Services and The Sanibel Restaurant Group with soon to be added The Royal Arkansas Hotel & Suites and Royal Arkansas Productions, Inc. The company will have some 100 employees and with the addition of the two contracted Sanibel Steakhouses the company will then have some 175 to 200 employees. The company is in the initial stages of having an audit performed for the purpose of becoming a fully reporting entity with the intent of either becoming listed on the OTCBB or Nasdaq Small Cap Exchanges. The company continues to aggressively seek additional synergistic acquisitions or mergers to enhance assets and revenue stream while it negotiates some current prospects.
About IBAC Corporation: (Pink Sheets:ICAN). IBAC Corporation, a food and beverage services/restaurant holding company based in New York, NY. Operating through its subsidiaries, The Sanibel Restaurant Group and National Hospitality Management Services, IBAC intends to grow aggressively throughout the next three years, through acquisitions, mergers and the building of new establishments.
About the Industry: The restaurant/food and beverage services market represents more than $350 billion in the U.S. with growth rates expected of 4.8 percent to 5.2 percent within the next year.
Forward Looking Statements: This information includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel as related to the restaurant industry. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
KEYWORD: NORTH AMERICA NEW YORK UNITED STATES INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE RESTAURANT SPECIALTY PRODUCT/SERVICE SOURCE: IBAC Corporation
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. I was hoping for a .0004 close but who cares , this stock is becoming a very intriguing investment . I have no idea what that will do with the pps , but it finally moved nicely yesterday with a high of .0005 , so no matter , the ride is becoming fun again . Today should be something .
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