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One thing I do find interesting is that both .0002 trades were for 333,333. The reason that I find this interesting is a 300 signal is a MM wanting to bring down the price so they can get more shares cheaper. Could they be hiding signals now so investors don't pick it up and these were 300 signals? Just a thought.
-------------------- Invest with your brain not with your heart.
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quote:Originally posted by Doctoall: This stock will move soon enough and those who have weak hands should sell. Just remember after your weak hand sells it will be followed with a sore butt after you kick yourself.
Long and holding here and accumulating at these prices, be a fool not to
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I've been trying to sell at .0004 for the last week. Think about that before you buy at .0003. Makes no sense to buy what you won't be able to get rid of.
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quote:Originally posted by Jonathanlb8: I've been trying to sell at .0004 for the last week. Think about that before you buy at .0003. Makes no sense to buy what you won't be able to get rid of.
You're not going to sell at the ask. try selling at the bid .0003
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has anyone heard what the deal is with the closing of bonita springs thought that we would have heard something by now on why it has been delayed
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quote:Originally posted by bmaxingout: has anyone heard what the deal is with the closing of bonita springs thought that we would have heard something by now on why it has been delayed
I don't think Ed was going to put a PR out about it. From what they said over on Pal Talk, Ed didn't expect it to be delayed that long. Sorry that's all I know. If you have a chance, get Pal Talk and go to Macros Biz group. They might be able to tell you more.
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I'm still here, and holding. I'm leaving the internet (and trading) for 3 months on May 26th, so if nothing happens by then I'll be a solid hold until September. Kinda risky, but I figure it has no where to go but up, so maybe I'll be pleasantly surprised when I get back. It'd be nice to see it move a little before I go, though.
Hopefully I'll come back with ican over .001 and some OTC:BB stock in my holdings.
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IBAC Corporation Board Approves 300,000,000 Share Company Buyback Program
NEW YORK, Apr 19, 2005 (BUSINESS WIRE) -- IBAC Corporation (ICAN:PK), a Hospitality, Restaurant, Food & Beverage Service, and Entertainment Holding Company. Today announced that its Board of Directors has approved a program for open market stock repurchases through September 30, 2005 (By the end of the third quarter) for up to 300,000,000 shares of its stock at prevailing market prices and in accordance with applicable securities laws. Edward W. Hayter, IBAC's Chairman of the Board commented, "The Board of Director's believes IBAC's shares are way undervalued and represent an attractive investment to the company at this time." IBAC also said in a previous statement the company declared a special dividend of 15% of its outstanding common shares only; this will not include payment on management held shares. The shareholder of record date is May 1, 2005 for this special dividend and will pay all common shareholders 15 shares for each 100 owned with odd lots being rounded up.
"Our overall goal is to enhance shareholder value while reducing the outstanding shares of the company," said IBAC's Chairman Edward W. Hayter. "Our solid performance, strong outlook and robust cash flow, create these two excellent opportunities to return value to all our shareholders while investing to grow profitably in the future."
This action is separate from Mr. Edward W Hayter's ongoing buyback of up to 500,000,000 shares for his personal portfolio (Recently Announced) that is nearing completion and will be announced at the time of completion.
This press release contains forward-looking statements regarding current expectations, risks and uncertainties for future periods. The actual results could differ materially from those discussed herein due to a variety of factors such as changes in customer demand for its products, cancellation of certain agreements by significant customers, material increases in the cost of inventory, competition in the Company's businesses, or an inability of management to successfully reduce operating expenses in relation to net sales without damaging the long-term direction of the Company. The Company assumes no responsibility to update the forward-looking statements contained in this press release.
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No offense guys, but with the way the news is coming out from Ed, I'm just going to wait for the Divi News to come. Then jump in and out for the quick gain.
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If you really think about the beauty of this PR is that Ed pretty much cancelled out the dilution effect of the 15% dividend distribution. So in essence everyone will get 15% more shares but won't have to worry about it diluting the outstanding share pool. Ed has really got it together.
Now, I wish he would just put a PR out about the new date for the Bonita Springs acquisition.
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more buy backs ! I think its great but how many shares will thta make os? I think this is a great long term if they keep going with the buy back, anyone knoiw when this is suppose to go otc
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IBAC Corporation Obtains Credit Facility for Up to 5M Dollars for Acquisitions Business Wire - April 19, 2005 13:26
NEW YORK, Apr 19, 2005 (BUSINESS WIRE) -- IBAC Corporation (Pink Sheets:ICAN), a Hospitality, Restaurant, Food & Beverage Service, and Entertainment Holding Company. Today announced that its Board of Directors has approved and accepted a revolving credit facility for up to 5M dollars from a group of private investors. The company intends to utilize the facility to accelerate its stated growth plan of further acquisitions and or mergers.
"We are very excited about this credit facility as this will allow us to accelerate certain proposed deals we have been looking at and to seek additional acquisitions for the company," said IBAC's Chairman Edward W. Hayter. "We feel that with our solid performance, strong outlook and cash flow that now is a good time to complete other certain deals that we have been looking at and that are on the table now, to grow the company."
The company continues to pursue additional acquisitions as to reach our stated goals of becoming a 100M per year company within three years. This credit facility has been put in place for future acquisitions and does not affect current contracted acquisitions.
This press release contains forward-looking statements regarding current expectations, risks and uncertainties for future periods. The actual results could differ materially from those discussed herein due to a variety of factors such as changes in customer demand for its products, cancellation of certain agreements by significant customers, material increases in the cost of inventory, competition in the Company's businesses, or an inability of management to successfully reduce operating expenses in relation to net sales without damaging the long-term direction of the Company. The Company assumes no responsibility to update the forward-looking statements contained in this press release.
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