-------------------- 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
It will be very interesting if a PR comes out tomorrow. The volume today is outstanding
-------------------- 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
Galaxy: So hopefully the PPS will continue to rise at market open tomorrow Come on ICAN just give us a small PR tonight or tomorrow.
Unreal: I am not sure how the "cash thing" would work I would think that Ric would be able to give you an answer
-------------------- 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
Doctoall: YES. IT IS GOING TO UP...GOOD BUSINESS PLAN..GOOD MANAGEMENT...THERE IS GOOD FUTURE FOR THIS STOCK
-------------------- 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
Just off the phone with Ed Hayter and he said hold onto your hat shareholders, because this move up should be a major plus for everyone who owns it! He was traveling but said he would review the question that many have here once he got where he was headed and that he may issue a clarification PR if there are to many confused shareholders. He said this is a good thing for the company and the shareholders.
As I have said over and over again! The assets and revenues speak for themselves here! The mere magnatude of ICAN tells all it does not belong on the Pinks any longer than it has to be! Ed wants the values out there in audited filings, so they are no longer questionable.
Cheers Rick
-------------------- Nothing moves a sub like news!!! Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
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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
I named already ICAN as WINNER stock of 2005 in my portfolio...:-)
HOLDING LONG HERE..
-------------------- 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
Good morning all! Read through all the posts after the bell. That is great news Ric. I hope he puts out the clairification PR today.
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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posted
Here we go again! Another day of trading and speculation.
If you read thought the PRs it is very easy to see that Ed Hayter has been working on pulling many assets into one company, and not only assets but also revenue generating assets. The market has choosen to iggnor for the most part what he is pulling together here with IBAC Corp.
Two large real estate assets have been closed on and added here.
A Sanibel Steak House with $2.5 mil annual revenue and The Royal Arkansas Hotel, with 200 rooms renting at $75-$129 per night, it also 2 restauraunts and a lounge. The revenues on this on are huge for a pink sheets company!
On top of these 2 closed on assets, we have 2 more Sanibels with closing dates of 5/1/05 and 7/30/05 that will add about $6. million more in revenue and the statement from the company that they plan to add new Sanibel location to this money maker.
Next we have National Hospitalitys with $2 million in projected revenues through many smaller contracts and a long term contract with the Little Rock Convention Center
next we have the statement that IBAC is in negotiations with a Arkansas restaurant chain that could add $13.5 million in revenues.
All this adds up very quickly to a very large corperation that does not belong on the Pink Sheets Market! So Ed plans on moving all or part of it up to the OTCBB through a spin off into an OTCBB approved and fully reporting company.
I assume that he bought this company and still plans to control IBAC corp or whatever its new name may be.
We the open market shareholders are the winners here, because as Ed has built value into his own restricted portion of IBAC he has also built value into ours. Value much greater than the Pinks Market is willing to reflect for us.
What that value is will soon be a reality to the rest of the market. The word premium speaks loudly in the spinoff PR from the 16th.
For The Sanibel Group alone IBAC had a buyout offer of $8.4 million. Now add the rest!
Get On, Hold On, or Just Watch! but this one will show us all something good real soon!
Rick
-------------------- Nothing moves a sub like news!!! Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
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posted
I would like to hear some comment? Beside Naked shortage, why pps don't raise if we trade almost half of the float...all buy?
Posts: 1335 | Registered: Oct 2003
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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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quote:Originally posted by Forrestgump: I would like to hear some comment? Beside Naked shortage, why pps don't raise if we trade almost half of the float...all buy?
I think yesterday was alot of daytraders trying to make the quick buck by buying in the morning and then dumped it in the afternoon. As I have read in many articles there seems to be a trend of investors using automated programs to sell a stock at a certain time or price. You also probably had a lot of people trying to turn over the buying at .0004 and selling at .0005 as much as they could. All this leads to the same shares being traded multiple times in a day. If you look at today's volume it is what I expect now. It is low because people are locked in now and not selling. I don't think you will see another 500 million trade day without the price moving up.
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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posted
wow, I figured it would be alot slower today but talk about coming to a skreetching halt on the volume. It's good though to see that the bid is moving up.
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 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
IBAC Corporation Clarification of Press Release Dated February 16, 2005 Business Wire - February 17, 2005 11:33
NEW YORK, Feb 17, 2005 (BUSINESS WIRE) -- IBAC Corporation (ICAN.PK) a food and beverage/restaurant/hotel company is in discussions with a Company to sell certain assets of IBAC. In the event that an agreement is reached, the subject assets would be sold in exchange for stock in a public entity trading on the bulletin board market. The public entity would be required to register the stock for distribution to the IBAC shareholders.
The discussions have not been solidified into a formal agreement as of yet, but are proceeding quickly. Any agreement will be subject to proper regulatory approvals and shareholder's consents. Moreover, the transaction would also be subject to an audit of IBAC's financial statements and an appraisal of the assets which would be subject to the sale.
IBAC has already retained an auditor, as previously announced, and intends to distribute an annual report to its shareholders upon completion of its financial statements, regardless of the potential transaction.
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
So what effect will this PR have on the PPS?
-------------------- 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
Okay, tell me if I am wrong. What I am getting out of all of this is that IBAC is selling off assests in exchange for stock in the company they are selling to which is a fully reporting company (which they will distibute to it's shareholders). In addition to this IBAC is also going to become a fully reporting company once the audit is done to be listed on the OTCBB or NASDAQ Small Caps.
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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posted
I've posted before but I'll do it again for some newbies to this thread, Sanibel restuarants are awesome. The food is outstanding and the servers are great. And this is only a small chunk of ICAN!!!
Posts: 1295 | From: New Jersey | Registered: Dec 2004
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quote:Originally posted by rickpic: The company has projected $12-$14 million annual with the completion of the 2 Sanibels that are on the table
Are Sanibels something that you eat, you did say that they are on the table
Let's See Some Green ICAN
-------------------- 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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6,030,743,925 Restricted In Managements Control 1,307,271,661 In The Public Float
do the math x $12 to 14 million in annual revenue.
Does it add up to .0004?
Nope
$12,000.000.00 divided by 7,338.015.586 = .0016
$14,000.000.00 divided by 7,338.015.586 = .0019
These are minimum PPS projections base solely on the $12-14 million 1 yr projected revenue that Ed Hayter stated in a PR and without any multipiers at all. There are also no hard assets added into this multiplication.
As you can see the PPS is at a minimum, only 1/4 of what it should be! Now you know why the CEO is buying shares for his own personal account and putting out PRs saying ICAN is undervalued.
The move up to the OTCBB will show everyone just what kind of legs this stock has, and quick!
Good Luck! I'm IN!!!!!!! Rick
I read back through the old PRs and noticed that they rejected an offer of 8.75 Million dollars for the company saying it was too low. Which I also feel it is. But what this tells me is that the company is at a minimum worth that which if you divide that by the number of outstanding shares comes to a pps of .0012. That alone tells me how undervalued the pps currently is.
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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posted
I think the reason for the pps drop right now is there are some people that are scared that the shares that we get of the "other" company will be restricted. I would hate to have him revise his PR again but I know that would stink if the shares he got from the sale were restricted.
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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posted
I don't think that the low PPS has anything to do with the PR's. I feel that the MM's are having their way with this stock.
I hope that the management has a plan to deal with the MM's.
ICAN all the way
-------------------- 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 one is killing me. Seems to have so much potential. But everytime I check back to see how it's doing. It's at .0003.
Posts: 839 | From: Lynn, MA | Registered: Jan 2005
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posted
MM is playing...it will go up...no doubt :-)
-------------------- 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
i hope pressure keeps building till later next week before it pops. trying to get in... do you all think it will explode before next week
Posts: 976 | Registered: Jan 2005
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