quote:Originally posted by stockguy123: Wow, talk about 1 happy family. We'll you saw what happen to the PRRM pps, I think ICAN is headed in the same direction.
Stockguy, they are only connected to them in the sense that they borrowed the money from them. PRRM has no stake in IBAC other than getting the loan.
IP: Logged |
quote:Originally posted by justplayin: Wow, mortgage companies borrow money?
What a concept!!!! Is IBAC paying the monthly payments?
Well, considering that both the Hotel and the Sanibel restaurant are making a profit and the mortgage expense is included in determining the profit, I am sure they are making the payments just fine Heck, they only borrowed 2 million dollars for both the restaurant and the Hotel and both already have made a 1/4 of that in revenue in just 2 months.
IP: Logged |
quote:Originally posted by justplayin: Wow, mortgage companies borrow money?
What a concept!!!! Is IBAC paying the monthly payments?
Well, considering that both the Hotel and the Sanibel restaurant are making a profit and the mortgage expense is included in determining the profit, I am sure they are making the payments just fine Heck, they only borrowed 2 million dollars for both the restaurant and the Hotel and both already have made a 1/4 of that in revenue in just 2 months.
And that is why the so called "relationship to PRRM" has NO bearing on this stock at all.
Twist it any way you want, the .0001-.0002 won't happen any time soon. JMHO
The spinoff is where the bank is!! Hold 'em tight, we are gonna cash in.
-------------------- A day without dreams is just a nightmare!
IP: Logged |
quote:Originally posted by Forrestgump: REMINDER: CEO OF ICAN on Paltalk tonight to answer questions and talk of news of ICAN. 8 PM tonight. (eastern time)
quote:Originally posted by Forrestgump: On RB. hope that is true!
Well I went into the room listed and there is already a bunch if ICAN people in there talking about the stock. They said he will be talking at 8pm. They couldn't answer why there wasn't a PR sent out unless they wanted to keep the Password secret.
IP: Logged |
Mailing Address: IBAC Corporation 2167 E.21st Street PMB 103 Brooklyn, NY 11229 ( address listed on their website )
Call the number listed on their website , there is no mention of Ibac or Ican :
Press 1 for Turner Hughes Corporation
Press 2 for Vion Corporation
Am i missing something here , hope i am , but now it's def i'm out , unless someone can explain what's up . I would really like to know why there is only one filing listed with the Sec , maybe i'm doing something wrong in my search .
I finally figured it out. Call me stupid but in answer to your question, Turner Hughes Corporation is basically IBAC Corp. If you read the IBAC website you will see that Ed is the founder of Turner Huges Corporation which is a private investment company. There is a relation between Turner Huges (basically IBAC) and PRRM but only in the sense that Turner Huges borrowed money from one PRRMs affiliates (Tampa Bay Mortgage Inc.) to buy both the Sanibel Restaurants and the Arkansas Hotel.
If you guys are worried about the NV address, look into trying to get listed. You'll find that alot of CO's when getting listed find it more favorable to do so in States such as NV,AZ, etc. Don't go shooting to conclusions until you understand the process behind which these companies have to go through to get listed. Alot of times you see companies listed with an address in these states but operate outside of them.
If you don't believe me call a Transfer agent and inquire as to what I've just said.
IP: Logged |
posted
Hey, I believe you. I was just trying to answer his question on the message he got when he called the investor number listed on IBAC website.
IP: Logged |
posted
Just thought I'd let some of the new folks know. I figured you known. But had to quote it so that folks knew what I was talking about.
IP: Logged |
quote:Originally posted by Jonathanlb8: Just thought I'd let some of the new folks know. I figured you known. But had to quote it so that folks knew what I was talking about.
No problem , Looks like we got a little bump at the end of the day from the talk of the interview tonight with Ed. See if we get a bounce tomorrow like we did the last time he talked.
IP: Logged |
posted
Another good interview. Rehashed alot of the same questions and he answered them pretty much the same. Just look back to the last interview and those are pretty much the same main things that were answered.
A couple of the big things that came out was that he said he is currently at 250Million of his shares and plans on doing the whole 500 Million. He was told by his accountants, however, that it is getting harder to buy shares which is a good thing.
The other big thing, which I really liked, is that he said he is currently working on a joint venture agreement to get Sanibel into all the major markets around the US like NY, LA, etc. He is really big on expanding Sanibel to a large chain restaurant. Can you say next outback steakhouse
IP: Logged |
posted
Forgot another big thing he said was that the amount of shares in the OTCBB stock is going to be paid based on the amount of your investment not on the number of shares you have. It sounded like you would get an amount of shares in the OTCBB stock equal to your investment (Anyone, please correct me if this is wrong). The OTCBB stock is also currently trading at 2.00 per share. He didn't give out the symbol.
IP: Logged |
posted
Leardon, Thanks for all of the informative updates. It's nice to know your dedicated to this one. Helps others out when someone can fill us in all of the time. Keep up the good work.
IP: Logged |
quote:Originally posted by Jonathanlb8: Leardon, Thanks for all of the informative updates. It's nice to know your dedicated to this one. Helps others out when someone can fill us in all of the time. Keep up the good work.
Thanks. The more I listen to Ed the more I really like this stock. There is no way this stock is going to stay where it is at once the word gets out more. One thing I noticed about this interview vs the other one was that everyone in the room was interested in ICAN and there were alot of pumped up stock holders in there after he was done speaking. Ed was also alot more personable this time around and really made you feel like you are part of something big.
I did forget another thing he said. He will be interviewed on IBC radio in about two weeks. Also, he said that he can only sell 1% of the 500 million shares he is acquiring once every 90 days. So basically 5 Million shares every 90 days. Hope I remembered everything. If I think of something else, I will let you guys know. Sorry that it seems like I keep rambling but as every investor said at the interview, they have never seen a CEO of a penny stock be so forth coming and wanting to get out with the investors. Ed really believes in the company.
LOL, I forgot one more thing. Not sure if he was joking but he said if you go into a Sanibel restaurant and say your a share holder, you will get a free bottle of wine with your meal.
IP: Logged |
posted
I AM NOT SURE BUT I FOUND THAT ASSUMPTION INTERESTING.
By: stervc 04 Mar 2005, 04:13 AM EST Msg. 9986 of 9987 Jump to msg. # Important ICAN OTCBB Dividend Thoughts...
Mr. Hayter conducted another CEO Interview in Paltalk last night that was great! Many great things were discussed.
The biggest thing to me is the free trading shares to be given to us as an OTCBB dividend. I was late entering the room, but I was told that it was stated that it would open up at $2.00 per share. Let me try to explain the power behind this because I really think that many are getting this mixed up in thinking that it's a reverse merger.
It's not a reverse merger. It will be a spin-off. Mr. Hayter stated that valuation will be placed into the OTCBB stock to fundamentally support a $2.00 per share price. I am guessing that we ICAN shareholders would make up the bulk of the Float for that OTCBB stock through the dissemination of the dividend. This means that we will be the liquidity that the market will be hoping we sell our dividend to get our shares in the heavily valuated newly OTCBB stock.
I am guessing that to have such a share price, the outstanding shares (OS) will probably be about 73,000,000 shares at the most. I am not sure, but I will use that figure to keep the math simple for converting a ratio that could logically exist since the OS is about 7,300,000,000 as I will us the rounded figure for the ICAN OS. Consider the rationale below as I think this is something very powerful that eventually the market will have no doubts and no choice, but to absorb this. Observe...
Key Variables for determination: ICAN OS = 7,300,000,000 OTCBB Dividend OS = 73,000,000
7,300,000,000 ÷ 73,000,000 = 100
This creates a distribution ratio of 100 to 1 meaning that if you bought 100 shares of ICAN, you would then get 1 share of the OTCBB dividend.
ICAN Price = .0007 cents OTCBB Dividend = $2.00
This means that if you bought 100 shares of ICAN at .0007 cents, you would get 1 free trading share of the OTCBB dividend at $2.00 per share.
This means that you pay for your ICAN shares: .0007 x 100 = .07 cents
Then as a premium, Mr. Hayter will give you in a free trading OTCBB dividend: $2.00 x 1 = $2.00
Let’s break this down more logical for a better understanding. This would be like you giving Mr. Hayter .07 cents for investing in ICAN and then Mr. Hayter giving you back your .07 cents plus Mr. Hayter giving you back a premium of $2.00 for you investing the .07 cents you originally invested into ICAN. Those who don’t see it now, they will later at much higher prices in my opinion.
Look at it like this if you were to purchase 10 Million shares of ICAN at .0007 cents.
From the ICAN shares purchased: 10,000,000 x .0007 = $7,000
From the $2.00 OTCBB dividend shares: 10,000,000 ÷ 100 = 100,000 shares
100,000 x $2.00 = $200,000
Ok, now please correct me if I am seeing this wrong. This means that you pay $7,000 for your 10 Million shares of ICAN and Mr. Hayter gives you back your $7,000 in ICAN shares plus as a premium $200,000 in free trading shares of an OTCBB dividend. This is you paying $7,000 to get back $207,000 in return. I’m sorry, but this is outstanding and I think that it’s just a matter of time before people see why I stated that our equilibrium price is around .0047 cents from the post below. http://www.ragingbull.lycos.com/mboard/boards.cgi?board=CLB00412&read=538643 Actually, our equilibrium price is much higher as you will see for yourself that my earlier .0047 cents number was very conservative. Let’s use the .0047 cents value to see where this format would lead us for purchasing 10 Million shares at such price to start with.
From the ICAN shares purchased: 10,000,000 x .0047 = $47,000
From the $2.00 OTCBB dividend shares: 10,000,000 ÷ 100 = 100,000 shares
100,000 x $2.00 = $200,000
This means that you pay $47,000 for your 10 Million shares of ICAN and Mr. Hayter gives you back your $47,000 in ICAN shares plus as a premium $200,000 in free trading shares of an OTCBB dividend. This is you paying $47,000 to get back $247,000 in return.
As you can see from the above patterns, the point of equilibrium is actually .02 cents. Whyy??? Because .02 cents is where you would spend an equivalent amount to the amount of the $200,000 OTCBB dividend being distributed for the 10 Million shares of ICAN being bought. Observe for a better understanding:
From the ICAN shares purchased: 10,000,000 x .02 = $200,000
From the $2.00 OTCBB dividend shares: 10,000,000 ÷ 100 = 100,000 shares
100,000 x $2.00 = $200,000
Even after spending $200,000 for buying 10 Million shares of ICAN at this .02 cents point of equilibrium, will give you back in return a premium from Mr. Hayter of 100% return on your money. Even buying 10 Million shares of ICAN at .04 cents will give you back in return a premium from Mr. Hayter 50% return on your money.
I think the examples above are the premiums that Mr. Hayter and many ICAN shareholders are so excited about. This is how I think Mr. Hayter has been trying to get us to see how he is going to reward us all with premiums for being ICAN shareholders just for starters.
This is not a reverse merger as Mr. Hayter stated in the CEO Interviews. It is a spin-off. This means that after you buy ICAN and the dividend has been disseminated, you will have 2 sets of stocks in your account, ICAN plus the OTCBB dividend stock. This dividend will be free trading shares.
If this was a reverse merger you would only have 1 set of stock from one going into the other. When Mr. Hayter mentioned about ICAN going into a stock he was not talking about ICAN as a trading entity, but moving some of ICAN current profitable assets to help the OTCBB dividend to be worth $2.00 per share to support its price to support the market for maintaining a fundamental share price.
He also stated that there are other profitable companies that he is in the process of acquiring that he would be leaving in ICAN to keep valuation in ICAN too. He stated that he would not leave ICAN as a shell with no valuation as some had feared, but instead would continue to grow ICAN by adding value.
Now keep in mind that there are risks involved in everything within the market, but Mr. Hayter has come through and completed everything that he has stated he would do to thus far let his actions speak louder than words for earning shareholder confidence and respect. He has proven to be a man of his word so I am leaning more towards him achieving the above goals too.
Mr. Hayter is diligently working on making this dividend happen ASAP (as soon as possible), but he stated that he expects this to happen in less than 30 days from now at worst. His ultimate goal for acceleration is to announce the “pay date” for the receipt of this OTCBB free trading shares dividend to take pace in 2 weeks or less so I anticipate this to happen fast.
The figures I used above are still unofficial until the company makes such details known officially in a PR. One should consider using the formats above for understanding the potential for being an ICAN shareholder when the official news is released. The above are only my opinions as to how I see the potential residing in ICAN to help many of us to become prosperous.
posted
that's an interesting concept but that isn't what I took from it. From what it sounded like to me is that at the time of the date of record you will be given shares of the new OTCBB stock equal to the current value of your investment.
Example.
On the date of record let's say you owned 1 million shaes of ICAN and ICAN was trading at .002. That means that the value of your ICAN investment is $2000. You would then get $2000 worth of the new OTCBB stock at a premium price per shares (I guess to be determined later) but the shell is currently trading at $2.00. So if he gave you shares at $2.00 per share you would essentially have in this example 1000 shares of the new OTCBB stock plus you would still have the value of the ICAN stock which will still contain assets and have value (because I still believe he isn't going to spinoff all the assests, I think he will just spinoff Sanibel first). This is what I got out of it but I could be totally wrong. Sterling knows more about the nutz and bolts of stock trading than I do. What did you take from what he said Forrest?
IP: Logged |
quote:Originally posted by stockguy123: Sounds like the GXXL scam all over again
Stockguy, what you know about this stock could fit on a pinhead. You also have about as much credability as Bill Clinton in a soriety house saying he was just there to help the girls study.
Good luck with PRRM, you sure seem to be pumping that one on that thread. But of course, that's because your in that one.
IP: Logged |
posted
Ever hear the saying "if it sounds to good to be true it probably is not" . I think the SEC might be putting a stop soon on these guys for their endless PR and radio talk pumps.
IP: Logged |
I not sure about what you saying cause it won't be fair if you buy 1M shares at .0002 for $200 you will receive 100 shares at $2 and if an other person buy 1M shares at .002 for $2000 this person will receive 1000 shares at $2. Where is the premiun, why should I buy more ICAN? I think Sterling got a good point.
IP: Logged |
quote:Originally posted by stockguy123: Ever hear the saying "if it sounds to good to be true it probably is not" . I think the SEC might be putting a stop soon on these guys for their endless PR and radio talk pumps.
Stockguy, this is the last I am going to say anything because responding to you is like putting fuel on the fire. You are the perfect example of an egomaniacle stock holder who just has to know that he bought into a stock at the lowest point and got out at the highest point. It would just kill you to no end if this thing jumps to .0015 when you got out at .0007 I think it was because you can't handle being wrong. Most traders take their profits and move on to the next stock and never look back to see if they could have made more but you seem to not be able to let go and are determined to be right on your prior investments. If you are going to be a good investor, please take your profits and move on. We don't want to hear your uninformed posts anymore. If you have something of substance to post that has actual Due Diligence to it, by all means post it. Otherwise, take your profits and run.
IP: Logged |
I not sure about what you saying cause it won't be fair if you buy 1M shares at .0002 for $200 you will receive 100 shares at $2 and if an other person buy 1M shares at .002 for $2000 this person will receive 1000 shares at $2. Where is the premiun, why should I buy more ICAN? I think Sterling got a good point.
No, that isn't what I am saying. Your premium would be based on what the value of your current holdings in ICAN are, not what you bought in at. in your example the person that bought 1M at .0002 would get the same number of shares as the person that bought in at .002 if the pps at the time of the date of record is at .002. Basically this helps the people who hold and stay in long because the person that spent $200 earlier to get his 1 million shares would now get $2000 dollars worth of the new OTCBB stock. I am going off what he said when he said he is not going to do a ratio stock dividend (meaning 1 share for 10, or 1 share for 100) he said he is going to base it off the value of the shareholders investment.
I think this is smart because usually when they annouce a dividend like this they usually say up front that you will get 1 for 10 or 1 for 100. On this he will say something like at the date of record each share holder will get 1 share of the new OTCBB of stock for every $1 the shareholder's holdings are worth based on the pps at the date of record. This way it encourages people to get in because no one knows how high the pps will go before the date of record. The other thing it does is maintain the price of the new OTCBB. See in Sterlings scenerio, what's keeping everyone from selling their shares of the new OTCBB right away flooding the market with shares. If you do it the way I am saying and give out the shares at a $1 value then it maintains the pps of the new stock to around a dollar and will incent people to hold on to it.
Rate Member posted March 03, 2005 13:51 -------------------------------------------------------------------------------- Sounds like this RIC guy is a paid basher, probably lost money on PRRM
Make more sence now to me. Yes I do agree with you but don't know if Mr Hayter gonna do it that way...
Yep, I agree with you there. I am just making a broad assumption based on the answer he gave to the question about how the premium will paid out . I am not sure if he can even give it out the way I mentioned, I am not sure if by SEC rules the share holders might have to know what the premium is up front. I guess we will see.
IP: Logged |
Topic Closed
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Smile]](smile.gif)
Heck, they only borrowed 2 million dollars for both the restaurant and the Hotel and both already have made a 1/4 of that in revenue in just 2 months.
![[Big Grin]](biggrin.gif)
