posted
i believe its 2 years and that would be 10-11/06 and even then there are rules covering how much can be sold in any given quarter. I believe its limited to 5% per
quote:Originally posted by Penny_Guy: Just wanted to jump in and say that it would make no sense for them to start trying to sell those shares off. The CEO just bought up 500,000,000 shares. It would make no sense, to buy up only to ruin the PPS by selling off the restricted.
I definitely agree with you on that. I don't think the management of this company wants to just dump their shares. I just wanted to know when those shares might be added to the float since alot of investors look at that.
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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posted
IBAC Corporation after the Bell Yesterday Agreed in Principle to a Spin off of All or Some of Its Assets Business Wire - February 16, 2005 08:57
NEW YORK, Feb 16, 2005 (BUSINESS WIRE) -- IBAC Corporation (ICAN.PK), a food & beverage/restaurant/hotel company announced today that it has agreed in principle to spin off some or all of its assets to an otcbb company subject to all regulatory approvals & SEC filing requirements.
"The company continues to seek the best use of assets and resources to enhance shareholder value. The spin off of assets should result in a premium to shareholders (to be determined) once the transaction is completed. The terms and conditions of the spin off will be made public upon completion of agreements along with the otcbb company and symbol. The company intends to execute this agreement as a stock dividend with free trading shares of a fully reporting OTCBB company to ICAN shareholders with the effective date to be announced in the near future. The agreement is subject to completion of audited financials of IBAC's assets and all SEC requirements. " Said Edward W Hayter President & CEO
IBAC Corporation currently operates through its majority owned subsidiaries National Hospitality Management Services, The Sanibel Restaurant Group and The Royal Arkansas Hotel & Suites the company has some 95 employees and with the addition of the two contracted Sanibel Steakhouses in the near future the company will then have some 175 to 200 employees.
The company continues to aggressively seek additional synergistic acquisitions or mergers to enhance assets and revenue stream while it negotiates other current prospects.
About IBAC Corporation: IBAC Corporation, a food and beverage services/restaurant/hotel holding company based in New York, NY. Operating through its subsidiaries, The Sanibel Restaurant Group and National Hospitality Management Services and The Royal Arkansas Hotel & Suites 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 and hospitality 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
There is no doubt that this company is moving in the right direction. I am glad that I was able to add to my position yesterday. Will be looking to buy more today
This is Great!!!! News!!!!
-------------------- Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow Posts: 4727 | From: Elk Grove ( Sacramento )CA USA | Registered: Jun 2004
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-------------------- Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow Posts: 4727 | From: Elk Grove ( Sacramento )CA USA | Registered: Jun 2004
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posted
WOW! very huge news! So far it looks like I am crazy like a fox . LOVE IT! LOVE IT! LOVE IT!
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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quote:Originally posted by Leardron: WOW! very huge news! So far it looks like I am crazy like a fox . LOVE IT! LOVE IT! LOVE IT!
Crazy like a fox is good Just glad that I followed the "fox"
-------------------- Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow Posts: 4727 | From: Elk Grove ( Sacramento )CA USA | Registered: Jun 2004
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posted
This company has the right CEO and he has a much bigger plan than most! The assets and revenue porjections here speak for themselves! The move up here is a ++++++++++++++++++++++++++++
Cheers Rick
-------------------- Nothing moves a sub like news!!! Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
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quote:Originally posted by rickpic: This company has the right CEO and he has a much bigger plan than most! The assets and revenue porjections here speak for themselves! The move up here is a ++++++++++++++++++++++++++++
Cheers Rick
Rick, I agree and really like this stock
-------------------- Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow Posts: 4727 | From: Elk Grove ( Sacramento )CA USA | Registered: Jun 2004
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posted
anyone have level IIs? I remember someone saying there was a big wall at .0005. Just wondering if it is dwindling.
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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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 Posts: 305 | From: NJ | Registered: Jan 2005
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posted
when he announces the new symbol its gonna fly! If he announces a cash premium it will be to late to get it! Just keep this on your watch list if your not in it and you will see something real good happening over the next week or two!
Cheers Rick
-------------------- Nothing moves a sub like news!!! Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
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posted
I HAVE NO DOUBT...IT WILL BE GONNA FLY SOON. JUST WAITING FOR FIN. REPORTS.... :-)
-------------------- 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 Posts: 305 | From: NJ | Registered: Jan 2005
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posted
The only other thing I can think of is if this stock has been shorted. They will now have to cover their short positions before they go to the OTCBB. This might be keeping the price down. I no expert but I have seen it before.
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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posted
Holding at 0.0005. Still waiting to get my order filled
-------------------- Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow Posts: 4727 | From: Elk Grove ( Sacramento )CA USA | Registered: Jun 2004
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posted
Looks like the pps isn't sustaining itself. Thought it would at least hit .0006 at some point. Oh well, it will come.
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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quote:Originally posted by Leardron: Looks like the pps isn't sustaining itself. Thought it would at least hit .0006 at some point. Oh well, it will come.
Maybe the next PR will get us past the current PPS levls, once it breaks 0.0005 then its upward
-------------------- Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow Posts: 4727 | From: Elk Grove ( Sacramento )CA USA | Registered: Jun 2004
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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 Posts: 305 | From: NJ | Registered: Jan 2005
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posted
if that stated premium is in cash this sucker is gonna grow wings real fast. Just the new OTCBB ticker announcement alone should fly it, but cash man that would be very sweet!
Cheers Rick
-------------------- Nothing moves a sub like news!!! Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
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posted
Ohh yes. new OTCBB ticker or revenu reports...hmm it will fly :-)
-------------------- 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 Posts: 305 | From: NJ | Registered: Jan 2005
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posted
Well its back at the 0.0005, so where do we go from here
-------------------- Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow Posts: 4727 | From: Elk Grove ( Sacramento )CA USA | Registered: Jun 2004
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-------------------- Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow Posts: 4727 | From: Elk Grove ( Sacramento )CA USA | Registered: Jun 2004
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posted
The shares are changing hands NOW..once reached right hands..then its UP UP... :-)
-------------------- 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 Posts: 305 | From: NJ | Registered: Jan 2005
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Just glad that I followed the "fox" 
