quote:Originally posted by stockguy123: I deserve 10 stars, everyone wants my opinion.
Sure they do,just like everyone would want a bad case of diarrhea "NOT" At least we could get rid of that, not like you.
-------------------- 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
Doc is jealous, my opinions are in demand, his are considered worthless.
Posts: 149 | From: wilmington,de,usa | Registered: Mar 2004
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posted
stockgirl123---speaking of diarrea of the mouth are u still taking your double dose of enimas daily!!!! lol---also usci is calling your name its still@.0001 and i know your all over that or are you praying that it drops lower ahahhahaha!!!
Posts: 939 | From: hampton,va. 23666 | Registered: Oct 2004
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posted
IBAC Corporation to Retire an Additional Four Billion Common Shares
March 10, 2005 18:25:01 (ET)
NEW YORK, Mar 10, 2005 (BUSINESS WIRE) -- IBAC Corporation, (Pink Sheets: ICAN) announced today that it will seek to retire an additional Four Billion shares of common stock.
IBAC Corporations board of directors has agreed to retire an additional Four Billion ICAN shares to the treasury. The 4,000,000,000 shares are ICAN common stock, this in conjunction with the Six Billion shares to be retired by the personal shares of Edward W. Hayter President & CEO will decrease the authorized common stock by 50 percent and is subject to all SEC and regulatory statues.
"This non-dilutive measure will bring an increased value to our shareholders," said Edward W Hayter. President & CEO "We continue to negotiate and put contracts into place to ensure longevity of revenues for our company and, as this occurs, we will take steps to bring further value to our shareholders."
This measure is taking place to position the company for the eventual sale or merger of one or more of its subsidiaries to a fully reporting/trading otcbb company.
About IBAC Corporation
IBAC Corporation, a food and beverage services/restaurant/hotel/entertainment holding company based in New York, NY. Operating through its subsidiaries, The Sanibel Restaurant Group / National Hospitality Management Service/ The Royal Entertainment Group 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.
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 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
This damn thread is taking over my life with it's entertainment value . Freak Seinfeld , this is the place to come for all you're comic needs . Please , don't let up.
And Doc , thank you for the star recommendation , but seriously , right now , i don't deserve any yet . When i pick a nice runner , i'll be more than happy to take one , as it is now , i'm just along for the ride .
Posts: 734 | From: Nassau County | Registered: Jan 2005
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posted
CEO holds a min. of 51% and this drasticly reduces the max issueable shares! Some buyers base share value on A/S divided by assets and revenue. This move now doubles that value!
Good Luck Cheer Rick
-------------------- Nothing moves a sub like news!!! Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
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posted
Do you people really believe these never ending p&d pr's ? Don't you know something must be wrong? How many pump pr's do we have this week, I lost count, this is total BS. The SEC will get involved, just watch and learn. Meantime, I'll consider buying @0001. This POS is a JOKE.
Posts: 149 | From: wilmington,de,usa | Registered: Mar 2004
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quote:Originally posted by stockguy123: Do you people really believe these never ending p&d pr's ? Don't you know something must be wrong? How many pump pr's do we have this week, I lost count, this is total BS. The SEC will get involved, just watch and learn. Meantime, I'll consider buying @0001. This POS is a JOKE.
Stock you are wrong again, see "you" are the joke How was your bus ride home??
-------------------- 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
dellamore, im with you, this is some of the funniest posts that ive read in a long .I think that we can all thank 123 for this . hopefully he's not for real. because i would hate to think that anyone could could be this wrong for this long,lol,.. keep up the good work on your DD 123
Posts: 629 | From: new england | Registered: Feb 2005
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quote:Originally posted by ARI: So the new O/S is 10b correct? That is alot better than 20b....
Actually that means the Authorized shares are going to be 10 Billion but the O/S is still only 1.3 Billion correct?
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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I think the reason he is doing this is to help stop the MMs from naked shorting this stock. Correct me if I am wrong but I have been told that the MMs naked short based on the Authorized shares (basically trading shares that aren't even issued). By lowering the Authorized shares that makes their supposed pool even less.
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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IBAC Corporation to Retire an Additional Four Billion Common Shares
March 10, 2005 18:25:01 (ET)
NEW YORK, Mar 10, 2005 (BUSINESS WIRE) -- IBAC Corporation, (Pink Sheets: ICAN) announced today that it will seek to retire an additional Four Billion shares of common stock.
IBAC Corporations board of directors has agreed to retire an additional Four Billion ICAN shares to the treasury. The 4,000,000,000 shares are ICAN common stock, this in conjunction with the Six Billion shares to be retired by the personal shares of Edward W. Hayter President & CEO will decrease the authorized common stock by 50 percent and is subject to all SEC and regulatory statues.
"This non-dilutive measure will bring an increased value to our shareholders," said Edward W Hayter. President & CEO "We continue to negotiate and put contracts into place to ensure longevity of revenues for our company and, as this occurs, we will take steps to bring further value to our shareholders."
This measure is taking place to position the company for the eventual sale or merger of one or more of its subsidiaries to a fully reporting/trading otcbb company.
About IBAC Corporation
IBAC Corporation, a food and beverage services/restaurant/hotel/entertainment holding company based in New York, NY. Operating through its subsidiaries, The Sanibel Restaurant Group / National Hospitality Management Service/ The Royal Entertainment Group 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.
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 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.
SOURCE: IBAC Corporation
IBAC Corporation
-------------------- Someday you must travel down the road you leave behind. Posts: 69 | From: IDAHO | Registered: Dec 2004
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posted
sure did traveler. It was posted a little earlier. More great news!
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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posted
During todays interview with Wall St. Reporter, ICAN CEO Ed Hayter announced negotiations with several restauraunt chains to further expand the Sanibel name and revenues.
Also announced during the interview was ongoing negotiations with two hotels. One in Detroit and one in Tuscany,Italy.
An estimated growth projection of $100 million in annual capitol over 3 yrs was also stated.
Cheers Rick
-------------------- Nothing moves a sub like news!!! Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
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Those 4,000,000,000 shares are common shares that are being reduced from the 20,000,000,000 shares within the Authorized Shares (AS) from the Treasury.
Those 6,000,000,000 shares are common shares that are being reduced from the 7,338,015,586 shares within the Outstanding Shares (OS) for a new total of 1,338,015,586 shares.
That's a total of 10,000,000,000 shares retired to cease to exist from the AS to reduce the AS from 20,000,000,000 shares to the stated 50% reduction to equate to ICAN’s new AS of 10,000,000,000 shares.
Old Share Structure: AS = 20,000,000,000 shares OS = 7,338,015,586 shares
New Share Structure AS = 10,000,000,000 shares OS = 1,338,015,586 shares
This enhances ICAN’s value by 5.48 times its original amount to not include the free trading unrestricted OTCBB dividend as derived by below:
7,338,015,586 ÷ 1,338,015,586 = 5.48 times greater
That could mean that theoretically, ICAN should now be trading at a minimum of 5.48 times its current price for starters:
.0009 x 5.48 = .004932 cents
This is before any news of our free trading unrestricted OTCBB dividend. Keep in mind too that our original amount of shares that we are to receive from this dividend increases by 5.48 shares from our original amount.
For a further understanding, there are 2 ways to retire shares which generates to 2 different types of repercussions. You can retire shares that have either been bought back or taken from a restricted shareholder’s position.
You can then retire the shares back to the Treasury or you can retire shares to where they cease to exist completely reducing and removing them from the Treasury. Retiring them to where they cease to exist is when they are eliminated from the AS to be treated as if they never existed. This is what ICAN is doing. Please read and DD the links below from some share retirement examples:
Let’s go one step further. Let’s say that I am wrong in my thoughts above. That would only mean that the OS was 11,338,015,586 shares and not 7,338,015,586 shares. Still, the bottom line figures from what Mr. Hayter is currently doing would remain the same and would still be as indicated below:
New AS = 10,000,000,000 shares New OS = 1,338,015,586 shares Share Buyback Program = 500,000,000 shares
Float Potentially Available = 1,338,015,586 - 500,000,000 = 838,015,586 shares
In my opinion, the Float has been gone for a while. The MMs need our shares to establish an inventory of ICAN shares to maintain an orderly market. I expect to see sharper price increases as the demand for ICAN shares continue to increase. These are only thoughts as to how I see things.
PS-The free trading OTCBB dividend that ICAN will be giving us will have the same effects as a cash dividend as I will explain later when I have more time. ICAN might turn out being bigger than we all had thought.
posted
Phew , this share stuff is flying over my head , but i'll think in dummy terms , less shares on the market equals increased stock value .
Posts: 734 | From: Nassau County | Registered: Jan 2005
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posted
Good morning and still lurking. Still in at .0003 Not a ton, but 790,000 shares isn't too shabby. BTW, 123 is pretty funny. Don't stop posting either 123. It adds quite a bit of laughter to my day.
posted
Do you think these guys might issue another 5-6 p&d pr's today ? I'm sure they already set a new weekly record for the number of p&d pr's. I thought the MLON scam was bad, this 1 looks like it might be worse. SEC halt might happen anytime.
Posts: 149 | From: wilmington,de,usa | Registered: Mar 2004
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posted
IBAC Corporation Reduces Authorized Common Shares
NEW YORK, Mar 11, 2005 (BUSINESS WIRE) -- IBAC Corporation (Pink Sheets:ICAN) announced today that it will reduce the company's authorized shares to 10 Billion. IBAC Corporation's board of directors has agreed to reduce the authorized common stock from 20 Billion Shares to 10 Billion Shares. The 10 Billion Shares are ICAN common stock; and are subject to all SEC and regulatory statutes.
Mr. Edward W Hayter is continuing to purchase up to 500 Million shares of the company's common stock on the open market for his personal portfolio.
"This non-dilutive measure will bring an increased value to our shareholders," said Edward W Hayter, President & CEO.
This measure is taking place to position the company for the eventual sale or merger of one or more of its subsidiaries to a fully reporting/trading otcbb company.
About IBAC Corporation
IBAC Corporation, a food and beverage services/restaurant/hotel/entertainment holding company based in New York, NY. Operating through its subsidiaries, The Sanibel Restaurant Group/National Hospitality Management Service/The Royal Entertainment Group 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.
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 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.
SOURCE: IBAC Corporation
-------------------- grasshopper Posts: 268 | From: LA | Registered: Dec 2004
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posted
Well, it took that long to get 1 p&d pr today. Nice these guys keep repeating the same info. People must be getting tired of this BS by now
Posts: 149 | From: wilmington,de,usa | Registered: Mar 2004
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quote:Originally posted by stockguy123: Well, it took that long to get 1 p&d pr today. Nice these guys keep repeating the same info. People must be getting tired of this BS by now
The only BS that we are getting tired of is your useless posts. Did you miss the "Little Yellow Bus" today? You are so "Speciaaaal" I bet you have been told that alot.
-------------------- 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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quote:Originally posted by stockguy123: Do you think these guys might issue another 5-6 p&d pr's today ? I'm sure they already set a new weekly record for the number of p&d pr's. I thought the MLON scam was bad, this 1 looks like it might be worse. SEC halt might happen anytime.
Im stuck on stockgirl stockgirl stuck on you.......sung to the commercial tunes of Band aids!!
Stockgirl needs to shake it up a bit to move the squirrel over a notch. The record is stuck and everything seems to be repeating......Its a shame to be stuck on stupid. You poor thing!!! Even more poor, now with ICAN GOING UP!!
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