quote:Originally posted by rickpic: revenues jump from $380,316.64 to $640,737.89 month over month!
It really doesn't mean much without knowing the area which these places are located and what may or may not be going on.
My hotel makes 1/4 of its yearly revenues in August because of the Night Nascar race, Harley drags, Truck race, and Super Ford Weekend at Bristol Motor speedway. Three weekends in August that are great revenue generators. Especially Nascar. So without knowing all the facts this may be something normal for the areas these hotels and restaurants are located.
-------------------- Invest with your brain not with your heart. Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004
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posted
The jump in revenues may in part be due to the people who found shelter from Katrina in the Pinebluff convention center. It was posted on the website that ICAN's restaurant was feeding them. Could that add up to $260K in one month?
Posts: 323 | From: Honolulu | Registered: Sep 2003
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posted
Didn't think of that but yeah. If you have enough rooms. So say 70% of your hotel is full from even low rent for hurricane victims and 30% at full rate where the hotel is at 100% or close capacity a night that would add up quick. Restaurants could be effected to. Because those in hotels would have to be eating out a lot. Remember the Memphis hotel is also close to this and also would probably see its effects.
The only problem is the expense side would be higher if they are giving a discount to hurricane victims. The net would probably be real low. The only downside to it.
-------------------- Invest with your brain not with your heart. Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004
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posted
There has been very little trading in the last few weeks.It seems Ican is going to die.The problem is all the vital signs are good.It is among the best stocks in pinkyland.Well,there are only 2 ways for it to go:go away or go way up.Since its fundamentals are strong,it is not going to go away.Where is it going to go?You know the answer. Ican shouldn't be here in pinkyland!There are too few investors with an eye for value here(except us,of course).hahaha.
Posts: 107 | Registered: Sep 2005
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I just hope Ed doesn't disappoint us here. Vague PR's, no filings, high A/s and O/S puts doubts in investors minds.
No matter what anyone says, Ed has to take the correct steps... Ed is in control of the price per share here and can make this whole experience become a success for himself , his company and we the shareholders.
posted
Their doubts are our opportunities.If we wait until they stop doubting,can we still buy this great company at 0.0001-0.0002?Let them doubt,my friend.Let them doubt.
Posts: 107 | Registered: Sep 2005
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IBAC Corporation Memphis Airport Hotel Awarded a Cendent Hotel Group Franchise Monday October 17, 8:34 am ET
MEMPHIS, Tenn.--(BUSINESS WIRE)--Oct. 17, 2005--IBAC Corporation (ICAN:PK) today announced that it was officially awarded a Days Inn Worldwide franchise (A Cendent Hotel Group Company) for its Memphis Airport Hotel & Restaurant property. The conversion is expected to take place in mid to the end of November 2005. ADVERTISEMENT
The Company after significant review of several Brand Franchises determined that Days Inn Worldwide would be a perfect fit for the Memphis property, as it brings recognition of the Days Inn Brand and a state of the art worldwide reservation system with the backing of its parent company Cendant thus bringing significant additional value to the property.
"This is a major step in enhancing the value of this property and will generate increased revenues to company, this is just one aspect of our overall strategy to maximize asset value and revenues at this property, secondly we are awaiting approval for a Denny's franchise at that location once approved we will have a major operating asset at a major airport." Said Garry Becker, President of the Southern Hospitality Division.
About IBAC Corporation:
IBAC Corporation is a New York-based holding company operating through its subsidiaries within the Hospitality, Food Service & Restaurant and other industries. IBAC now operates businesses and employs over 100 people in Florida, Tennessee & Arkansas that includes a 200 room full service hotel, 127 room limited hotel, 7 restaurants/lounge (2 pending closing already contracted) 10,000 sf of banquet space and the exclusive concession, food, beverage & catering contract with the Pine Bluff Convention Center.
IBAC operates through its subsidiaries, The Sanibel Restaurant Group/The Royal Arkansas Hotel & Suites/National Hospitality Management Services/Monarch Entertainment Group Worldwide; IBAC intends to grow aggressively throughout the next three years, through acquisitions, mergers and the building of new establishments. Visit the company website at www.ibaccorp.com.
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 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.
posted
Can anyone explain to me why this would be heading south with the volume and Pr out this morning.
Posts: 1086 | Registered: Oct 2005
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posted
Its a God-Da** Days Inn. BIG FRIGGEN DEAL. Now maybe PR this so-called MERGER and it will mean something.
Posts: 1637 | Registered: Apr 2004
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I think the Days Inn deal is a good move, but the level II's have me wondering what's going on. 407M in volume and the ask is .0001 with no one on the bid. Any ideas?
Posts: 1271 | From: Sincinnati , Ohio | Registered: Feb 2005
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posted
I left a message with investor relations at IBAC. Let's see if they call me back. The ask is now at .0002
Posts: 1271 | From: Sincinnati , Ohio | Registered: Feb 2005
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If ED is buying then he must know something because why would he buy if this is going to R/S or something or someone could be selling at .0001 at a loss which i doubt because its almost a billion shares traded.I think it could be one of two things.Either it's institutional buying or selling or someone on the inside knows what's going to happen - good or bad.I came to that conclusion because volume all of a sudden is huge without a great or bad PR.Just an average PR.
Posts: 1086 | Registered: Oct 2005
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I got more at .0001 only ways to go is up.... or out... UP, UP is good lol
-------------------- You can learn many things from children.......... How much patience you have, for instance. Wealth and children are the adornment of life. I have 5 children and 32 day care children now working on the wealth part. heheheh Posts: 139 | From: All smiles child care | Registered: Aug 2005
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We are at the bottom.Usually it means the company is going bankrupt.But not this time.Ican is still strong.It has income,verifiable assets.It plans to move to ottbb.The price is artificially low.What do you guys think?
Posts: 107 | Registered: Sep 2005
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