posted
i dont know this seems like a shady pinky to me, dont get me wrong i like anyone else holding this bag want it to go up but ed seems like a slimy one i think he has lost my trust.i will hold this no matter what as im just that type of person all or nothing but it has been a bit of a boring ride lately.
21.5 million says i think ican i think ican.
-------------------- gotta know when to hold em and when to .......... Posts: 1525 | Registered: Mar 2005
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posted
Be very nice to see this start moving before x-mas
-------------------- 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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posted
i aggree mikensay lets just hope this giant awakens one day as it has been pretty much sleeping for a long time now. ed give us something we stuck this out now its your turn to reward the shareholders again.how about a huge buyback considering it is almost nothing to buy up these shares.
-------------------- gotta know when to hold em and when to .......... Posts: 1525 | Registered: Mar 2005
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posted
Ohhh look we are at 0.0000 again FREE FREE FREE
-------------------- 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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posted
hey folks just thought i would pop in and say i think ican i think ican hahaha. its gonna take some serious buying to get this thing moving again or a wonderful pr. maybe eddy will surprise us with a buyback completion pr that would be sweet huh......... pump pump pump up up up and away hahahaha.........
-------------------- gotta know when to hold em and when to .......... Posts: 1525 | Registered: Mar 2005
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quote:Originally posted by farmgirl: I think this stock needs a kick start. I am still sitting on my shares and am begining to think I will be for life.
hey farmgal just thought i would pop in and say sometimes the patient are rewarded. im not sure it will be on this stock but who knows. at least we saw a bit of buying today that is unusual for us these last few weeks/months. good luck to all icaners maybe we will get a pleasant surprise oneday that ican is buying back shares and retiring them. one can dream cant we hehehe. Posts: 1525 | Registered: Mar 2005
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posted
I believe dreams are wonderful. I will dream that this stock soars. Realistically though I wish it would move. Do we know if Ed is still feeding victims or if he is puttong any of them up or anything?
-------------------- Lookin for the money Posts: 353 | From: CA | Registered: Apr 2005
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quote:Originally posted by farmgirl: I believe dreams are wonderful. I will dream that this stock soars. Realistically though I wish it would move. Do we know if Ed is still feeding victims or if he is puttong any of them up or anything?
I just sent them an email - I'll post any results.
Posts: 1271 | From: Sincinnati , Ohio | Registered: Feb 2005
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posted
I'll be surprised if you actually get a response. I've been sending e-mails daily for the past few weeks and have been ignored.
The previous PR's throughout this year made me pretty impressed with the company, however, this is frustrating to watch this thing just linger around the drain.
I actually thought we'd have a good year.
-------------------- It's choice - not chance - that determines your destiny. Posts: 350 | From: Portland, Oregon | Registered: Jan 2005
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posted
how long has it been since they put out a pr?
have the authorized shares been raised or decreased ? what is ed doing to get us off the basement or out rather? these are all questions that im wondering if anyone has the answers to.i have tried to contact ican(ibac corp) but am never able to talk to anyone who knows anything.hmmmmmmmmmmmmm............
i guess its a game of patience right now.
i think ican i think ican. well my shares certainly are not free if anyone wants them im selling them all for .0005 heheh i can dream right.
-------------------- gotta know when to hold em and when to .......... Posts: 1525 | Registered: Mar 2005
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posted
For all the people who are disappointed with bad investments made in 2005, 2006 is a whole different year. A year of prosperity for all! 2005 was bad for me too but I'm sure looking forward to January 2006 WITHOUT IBAC Corp.! Look into CWFG or SSTY instead.
-------------------- "NEVER UNDERESTIMATE THE POWER OF THE U.S./CHINA CONNECTION"
posted
noah129..... I just don't think there's money in this type of business especially with limited assets. I'm sure IBAC Corp. will do good one day but to me, now just isn't IBAC's time. The stock also lacks much volume needed. There were 3 trades made today for ICAN.
-------------------- "NEVER UNDERESTIMATE THE POWER OF THE U.S./CHINA CONNECTION"
posted
I guess someone is still breathing over there...
--------------------
IBAC Corporation Reports November Revenues and Status of Audits Tuesday December 6, 2:31 pm ET
NEW YORK--(BUSINESS WIRE)--Dec. 6, 2005--IBAC Corporation (ICAN.PK) today announced revenues for the month of November for The Sanibel Restaurant Group, Memphis Ramada Hotel and The Royal Arkansas Hotel & Suites of $351,532.88 combined. These revenue figures are compiled from internal company accounting/bookkeeping and are subject to audit by the company's independent accountants/auditors.
ADVERTISEMENT For the month, The Sanibel Restaurant Group revenues were below the months expected average due to several unrelated business events, we anticipate a return to normal revenues plus a significant increase for the month of December due to a significant amount of banquet & party bookings for the holiday season. The Royal Arkansas Hotel & Suites had a significant gain over last year for this time on increased banquet sales and room sales for the month and we expect a tremendous increase in revenues for the month of December due to an extraordinary amount of holiday bookings. The newly acquired Memphis Airport Ramada had an increase of revenues over the same period last year and we expect to see an increase in revenues continuing.
The Status of the company Audits is as follows: The company acquired The Royal Arkansas Hotel & Suites in March of 2005, The Memphis Hotel in June of 2005 and The Sanibel Steakhouse in January of 2005 thus the operating history is limited to the time we have owned these properties, for a proper audit to be performed it is required that a two year financial history be available and the company has had some difficulty in achieving that requirement as to third party delays (the sellers) in producing said information. The company apologizes for the delay of the audits and expects their completion in the very near future.
"I would like to address several shareholder questions and concerns regarding the company going forward, I apologize for the delay of the audits as it is has been to long in the making, I can ensure you all that we will have them very soon. We continue to operate business as usual and plan on building a great company and moving up to the OTCBB in the very near future. We will also be announcing the progress of our share buy back very soon. We would like to wish everyone a very happy holiday season," said Edward W. Hayter, President IBAC Corporation.
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/Memphis Airport Ramada; 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
Yeah, at least there was an apology for the lack of communication.
But as the audit situation goes, they knew that they needed 2 years records. Whether they knew or not if the previous companies were going to not produce their records so quickly or not is the question.
I still like the company, I'm hopeful to see updates 'in the very near future' (to me that's like 3 days) but don't really expect anything until next year.
Good luck to us all.
-------------------- It's choice - not chance - that determines your destiny. Posts: 350 | From: Portland, Oregon | Registered: Jan 2005
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posted
I thought the Ramada was a Days Inn Now??? My Christ does Ed not even Know what the Hotel Names are anymore?? Were going below .00000001 very soon,,,,LOL
MEMPHIS, Tenn., Oct 17, 2005 (BUSINESS WIRE) -- 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.
Posts: 1637 | Registered: Apr 2004
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posted
If the conversion was to take place by the end of Novemeber, then what is wrong with saying the NOVEMBER revenues were under the Ramada Inn? What am I missing?
Posts: 486 | From: Tennessee | Registered: Jun 2005
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posted
BTW what about revenues (and news) for 'National Hospitality Management Services' and 'Monarch Entertainment Group Worldwide'?
Posts: 11 | Registered: Dec 2005
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IBAC Corporation Memphis Airport Hotel Updates Progress at its Property Wednesday December 7, 9:32 am ET
MEMPHIS, Tenn.--(BUSINESS WIRE)--Dec. 7, 2005--IBAC Corporation (ICAN:PK) today announced an update to the hotel's change of franchise to a Day's Inn and the pending Denny's franchise application for the restaurant parcel.
The Company, after significant review of several Brand Franchises determined that Days Inn Worldwide would be a perfect fit for the Memphis property and has been approved for said franchise pending certain upgrades that are underway. At this time we expect these required upgrades to be completed shortly. The conversion to a Days Inn Brand brings a state of the art worldwide reservation system with the backing of its parent company Cendant thus bringing significant additional value to the property.
The Company has been unable to reach an agreement with Denny's for a franchise at its property and has elected to pursue a Country Kitchen franchise www.countrykitchenrestaurants.com. The Company has been preliminarily approved for said franchise and is working towards the completion of said deal. Copies of the pre approval letter can be viewed at the company's web site www.ibaccorp.com/message.php under presidents letter. The Company is committed to the opening of the restaurant at the property as it will add significant revenue to its Memphis property.
"These are major steps towards enhancing the value of this property and will generate increased revenues for the company at this location, this is just one aspect of our overall strategy to maximize asset value and revenues at this property. We are currently considering additional hotel/restaurant properties to purchase at this time and will announce them upon completion of a deal. I would like to wish everyone a very Happy & Healthy Holiday Season," said Garry Becker, President of the Southern Hospitality Division.
Posts: 11 | Registered: Dec 2005
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posted
Hopefully we will end the year with some more positive news of buyback or completed audit. Then start the new year off right with an upswing in the pps to reward all those loyal shareholders here....jmho...fwiw.
Looks's like Country Kitchen's are open 24-7 as well. Guess there is no real difference between a Denny's and a Country Kitchen.
Posts: 1295 | From: New Jersey | Registered: Dec 2004
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quote:Originally posted by farmgirl: Nomar. I think that 24/7 is only good if you can cover the bills while being open.
Yeah but from previous posts on the location of the Day's Inn its by the airport. Airports are buzzing all the time. Its probably good to have a restaurant thats open all the time.
Posts: 1295 | From: New Jersey | Registered: Dec 2004
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I thought the Ramada was a Days Inn Now??? My Christ does Ed not even Know what the Hotel Names are anymore?? 
