posted
Yeah, I'll post any response I get. It will probably take a couple of weeks and much hounding to hear anything, but I've got time and they have committed (again) to getting numbers by the end of the quarter.
I't sure would be nice to see that buy back and a reduction of 5B shares..... I've got much more invested here than at qbid and hope for big things out of this company.
-------------------- It's choice - not chance - that determines your destiny. Posts: 350 | From: Portland, Oregon | Registered: Jan 2005
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posted
The way I see it I am going to continue to hold. The market in sub pennys are very risky no doubt. be it ican or any other stock. The rewards of subs are great if you believe and support the company you are investing in. Patience always pays. If you look at other hotels and restaraunt stocks you will see that this is a good bet in the long term. those that are here to make a quick buck and complain that their not making anything need to sell out at break even and move on.
Years ago I invested in GRSU and made a small fortune. Today I still by GRSU. and hold because I know its a matter of time for me to get the rewards again.Grsu has never proved me wrong as of yet and I don't believe Ican will prove me wrong either.
Its funny to see people buy stock and a week later bash it cause they didnt get anything back right away.If you dont have money to loose you shouldnt be here.
I am hoping that we get another dividend as last time around. Though the stock is still low I would take free shares of it any day as I am long. Long to me means at least 5 years.
Posts: 332 | Registered: Jun 2005
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posted
I am always patient. I invest only what I can afford to loose so i the end Ican hold. patience does pay no doubt.
Posts: 332 | Registered: Jun 2005
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MEMPHIS, Tenn.--(BUSINESS WIRE)--Jan. 23, 2006-- IBAC Corporation (PINK SHEETS: ICAN) today announced that it's Memphis Airport Property (Formerly a Ramada Limited) will now be part of Cendant Corporation's Days Inn Hotel System as of Friday January 20, 2006 - 2 PM. The 128 Room limited service Hotel is now designated as a Days Hotel property, one of the few Day's Inn franchises in the United States to carry that designation. The Hotel is also now online with the Days Inn reservation system www.daysinn.com, With the property's pictures and other pertinent information to be added within the next week. "We are ecstatic with Cendant Corporations decision to designate our Memphis Airport property as a Days Hotel Franchise and look forward to the added value that it brings to this assets equity along with the added revenues/benefits that will be generated with this designation. We will continue to maximize the value of our properties by upgrading systems, renovations and other avenues of enhancement. We are continuing to aggressively pursue/complete the renovations and opening of a Country Kitchen Franchise www.countrykitchenrestaurants.com at this location and expect this to be completed in the very near future, thus adding additional equity and revenues from/to this property." Said Garry Becker President IBAC's Southern Hospitality Division. Mr. Becker further stated that this confirms the belief of IBAC Corporations principles as to the outstanding value being created by the company for its shareholders. The company projects upon the completion/addition of the country kitchen restaurant at the Memphis Airport property along with the change of franchise to the Hotel and certain renovations the property will generate $4,100,000 a year in revenue and increase the value of the property to $6,500,000 giving the company significant equity appreciation, the company purchased said property in June of 2005 for $1,925,000 at auction. The company continues to maximize its properties revenues and asset value to enhance its balance sheet/audits in preparation for its application and anticipated move to the OTCBB. The company also continues to pursue additional properties within the hospitality industry to continue growth in revenues and assets.
IBAC Corporation is a New York-based restaurant & hotel holding company operating through its subsidiaries within the Hospitality, Food Service & Restaurant industries specializing in distressed/turn around situations within the industry. IBAC now operates businesses as the majority owner with over 100 employees in Florida, Tennessee & Arkansas. Visit the company website at www.ibaccorp.com.
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.
KEYWORD: NORTH AMERICA TENNESSEE UNITED STATES INDUSTRY KEYWORD: TRAVEL DESTINATIONS LODGING PRODUCT/SERVICE SOURCE: IBAC Corporation
posted
Wow!It seems to me the company is heading on the right track.By the way,there is a rumor Raging bull is shut down for good.Do you guys have any information about that?
Posts: 107 | Registered: Sep 2005
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The company continues to maximize its properties revenues and asset value to enhance its balance sheet/audits in preparation for its application and anticipated move to the OTCBB
posted
Cagman if you think RB is up and running fine, then why are there no new posts in three days?
Posts: 51 | From: USA | Registered: Jan 2006
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posted
The PPS may not be growing here yet, but the equity/assets value/ and the companies buisness sure is! This could get interesting!
Posts: 51 | From: USA | Registered: Jan 2006
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posted
I agree Ican is getting more and more interesting.It is being traded as a piece of junk at 0.0001-0.0002 despite all the assets and revenue.Somebody' junk can be our treasures.
Posts: 107 | Registered: Sep 2005
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posted
I haven't rec'd any communication back from the company, but I'm dilligently e-mailing.
I'm looking forward to the next two months. Even though we don't know what the debt structure is and haven't seen audited numbers, I think this stock should currently be trading around .0015.
-------------------- It's choice - not chance - that determines your destiny. Posts: 350 | From: Portland, Oregon | Registered: Jan 2005
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posted
IBAC Corporation to Acquire Gibraltar Commercial Finance Corporation Monday January 30, 9:47 am ET
NEW YORK--(BUSINESS WIRE)--Jan. 30, 2006--IBAC Corporation (PINK SHEETS: ICAN - News) today announced that it has agreed to acquire Gibraltar Commercial Finance Corporation as a wholly owned subsidiary. ADVERTISEMENT
Gibraltar Commercial Finance Corporation specializes in financing the hospitality industry, such as equipment leasing, furniture leasing, hotel finance, restaurant finance, etc. The company intends to utilize the resources of Gibraltar Commercial Finance to accelerate its growth plan while maintaining it as a profit center.
"We are extremely ecstatic with this acquisition as it creates an additional source of financing options for the company, as we continue to strive towards our stated objectives and goals. The company intends to aggressively have a room inventory of 1000 or better by the years end with restaurants at every property. The company also expects to have completed audited financial statements and filings by the end of the third quarter for its desired move to the otcbb. Management continues to explore all options for growth and maximization of resources possible," said Edward W Hayter, President IBAC Corporation.
IBAC Corporation is a New York-based restaurant & hotel holding company operating through its subsidiaries within the Hospitality, Food Service & Restaurant industries, specializing in distressed/turn around situations within the industry. IBAC now operates businesses, as the majority owner, with over 100 employees in Florida, Tennessee & Arkansas. Visit the company website at www.ibaccorp.com.
Next PR the audits will be ready in 2008.
Posts: 11 | Registered: Dec 2005
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posted
I really don't understand this stock, they own EVERYTHING! They must be financially stable to be able keep buying properties etc. Why are we still in the cellar?! MM's? - Still holding long here
Posts: 145 | Registered: Oct 2003
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posted
Just who is Gibraltar Commercial Finance Corporation? How big are they? Google has nothing on them?
Posts: 1637 | Registered: Apr 2004
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posted
It is possible that a r/s may come to frutation on this before they go to otcbb. Id keep an eye on this in the comming days and suggest that those that can't afford to loose get out for safety. Imho I don't believe they will go into otcbb with this many shares outsiding.If I am wrong then theres still not much left to loose to repurchase. In either event I have way to many shares to sell so I will do the split if it occurs because I believe this will be a stock that will correct itself in the long term.
Posts: 332 | Registered: Jun 2005
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posted
Hi Noah, I still have the same 500,000 up for sale * .0002. I put it sell all or non, it hasnt been touched in 2 weeks of us selling at .0002. It would be great if we could get this off the floor. I would actualy use the money to help me get the kids into a center.... Anyone know of an angel investor that loves kids n has aboutttttt 900,000 in cash who is crazy enough to loan it to me with the idea of being paid back in 2 years when I can prove to the banks that I have a money making center? Hahahahah ughhhhhhh
-------------------- 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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I'm hopeful that they don't r/s this thing and follow through on previous PR's stating that the company is buying back and retiring approx. $500,000 in shares. That equates to 5B shares, just about half of the A/S.
Between that and the buying that Ed just recently announced that he personally bought back... which I don't get because I never saw a PR stating that Ed was buying back.
We'll we've got just under 60 days to find out what happens. 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
hey folks im sad to say i dumped almost half my shares today the good news is that the order went through almost immediately for .0001 so the market makers are accumulating this thing.
i still think it has a good potential to run but i needed a few bucks so you know how that goes.
10 million long and strong i think ican.
-------------------- gotta know when to hold em and when to .......... Posts: 1525 | Registered: Mar 2005
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posted
I rec'd a message on Friday from the company.
I asked many questions but the most pressing is that they PR'd sometime in June/July 05 that the company would buy back up to $500,000 worth of stock within the next 6 months.
They basically said they will not answer any of my questions but will PR any accomplishments.
Oh well, we've got 7 weeks to see what happens with the company. 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
Yes, Huge Sell. go figure. No surprise here. This stock has been a piece of shyt for a long time. All talk no action and any pr has only re-enforce the sell and keeping the price at .00001 meaning WORHTHLESS.
Posts: 806 | From: CT | Registered: Dec 2005
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posted
Nearing a half a billion shares traded. This isn't good since the price went down, not up. Could this be going to ZERO again?????
Posts: 806 | From: CT | Registered: Dec 2005
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Just who is Gibraltar Commercial Finance Corporation?
