posted
Another good volume day for this pos.Going down hopefully we won't get that PR that says the board is going to do a R/S,but with these scams you never now.
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posted
jesus ya ya do you ever post anything positive?
are you a shorter who gets off on ruining companies stock prices? you last 10-20 posts ive seen are how whatever stock you are posting about is a POS maybe you should look in the mirror cheif
-------------------- "The Americans will always do the right thing... After they've exhausted all the alternatives." - Winston Churchill
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quote:Originally posted by BlackWidow: So, is this done or what?
I don't think it is done but we are definitley in cruise control for now. I think part of the reason for this drop is because people are selling their divy's early plus some people bailing out because they don't want to wait any longer. We will see some PRs I feel after the current stock divy is given out next week.
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posted
Not sure if any of you go on the ICAN chat on Pal Talk but they are taking a share count to see how many share stock holders currently have. If you have already participated don't re-post it here but if you want to add your shares to the count, go ahead and post how many you got. The current count on Pal Talk is at 1.4 Billion. That's obviously unofficial but I would say within the ball park.
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posted
imo there is most likely very good pr's coming after the dividend date. just a person like things to happen fast it takes a lot out of you to wait. but thats how you reap the reward
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posted
Thanks for everyone's count. I have gave it to the guys over at Pal Talk to update the count. I will check back tomorrow morning to get everyone elses that might post. Going home for the day. Keep the faith guys!
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posted
Good morning all! Hope today's a better day and I will give paltalk the share count since I last posted. Thanks for posting your shares.
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posted
Hey, just to give un update for the guys over at Pal Talk. I just checked in this morning and they said that Ed came on line last night and talked to the guys. Here is a summary of what he said.
1. He is very close to completing the 500 Million share buyback. Basically he was about to say it was complete but then changed it to "He is very close" nudge, nudge, wink, wink. Probably advised not to announce that until an offical PR is put out.
2. He also said he is going to put out a PR today about the share count to try to clear up some things as far as what is outstanding and restricted, etc.
3. Another big one is that he feels the Divy for the rollover shares will be done by the end of June. He said the problem is the SEC takes forever to update the information. He said they request information from him and he sends it back and it takes 30 days before tell him wheter they need more info or not. So everytime they need more info, it is another 30 days. He said he thinks everything has been covered and that's why he is saying the end of the 2nd Quarter which is end of June.
4. He said they are still working on some other acquistions but at this point the Bonita Springs is probably going to be the next acquisition but who knows, some of the other ones could come through in the mean time.
5. The Sanibel restaurants are definitley going to be assets he rolls over to the new stock.
6. On a side note Ed also mentioned that he is upset about the slanderous comments that are being said about him on Raging Bull by some of the members and if they don't stop he is considering taking legal action.
That's about it in a nutshell. If there are any other posters here from Pal Talk that sees anything I missed go ahead and add on. Keep an eye out for the PR.
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NEW YORK--(BUSINESS WIRE)--May 12, 2005-- IBAC Corporation (OTC.PK:ICAN) announces that its Board of Directors has now approved a restructuring of its authorized common shares from 20,000,000,000 to 12,000,000,000 effective immediately, the certificate of amendment has been filed with the State of Delaware by corporate counsel. This is a significant reduction of the authorized common shares by the company as we continue to seek ways to enhance shareholder value during these trying market conditions, without limiting the company's ability to complete certain pending and ongoing negotiations of additional acquisitions. The company has had several shareholder comments regarding a reverse split and the pending 15% dividend payment, the company has no plans of a reverse split as this is not in our business plan going forward, secondly the 15% dividend is payable May 15, 2005 as this date falls on a Sunday the payment will be made on Monday May 16, 2005. Regarding existing share buyback's previously announced Mr. Hayter's buyback for his personal portfolio is nearly completed, and the company buyback will start within the next two weeks of up too 300 million common shares. The company has also filed an amendment regarding the company's name, an error in the company name was discovered, the error was IBAC Corporation Inc. and was corrected to IBAC Corporation and filed with the State of Delaware by corporate counsel. Edward W. Hayter, IBAC's President and CEO, commented, "Significant growth and improvements in IBAC's overall businesses and general direction enabled us to successfully complete this sizable reduction in authorized common shares. By and through this share reduction we are working to enhance existing stockholder valuations and strengthen our earnings per share results as we continue to believe our company is severely undervalued and will explore all means possible to correct our valuation." "As our business continues to grow and develop we will continue exploring additional future reductions in shares outstanding, including possible additional stock buyback's, to further enhance our stockholders' levels of ownership and valuations," added Mr. Hayter.
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posted
Well Geez, I no sooner posted and the news is out. Ed keeps his word again, Awesome.
IBAC Corporation Completes Restructuring of Common Stock
NEW YORK, May 12, 2005 (BUSINESS WIRE) -- IBAC Corporation (OTC.PK:ICAN) announces that its Board of Directors has now approved a restructuring of its authorized common shares from 20,000,000,000 to 12,000,000,000 effective immediately, the certificate of amendment has been filed with the State of Delaware by corporate counsel. This is a significant reduction of the authorized common shares by the company as we continue to seek ways to enhance shareholder value during these trying market conditions, without limiting the company's ability to complete certain pending and ongoing negotiations of additional acquisitions.
The company has had several shareholder comments regarding a reverse split and the pending 15% dividend payment, the company has no plans of a reverse split as this is not in our business plan going forward, secondly the 15% dividend is payable May 15, 2005 as this date falls on a Sunday the payment will be made on Monday May 16, 2005.
Regarding existing share buyback's previously announced Mr. Hayter's buyback for his personal portfolio is nearly completed, and the company buyback will start within the next two weeks of up too 300 million common shares.
The company has also filed an amendment regarding the company's name, an error in the company name was discovered, the error was IBAC Corporation Inc. and was corrected to IBAC Corporation and filed with the State of Delaware by corporate counsel.
Edward W. Hayter, IBAC's President and CEO, commented, "Significant growth and improvements in IBAC's overall businesses and general direction enabled us to successfully complete this sizable reduction in authorized common shares. By and through this share reduction we are working to enhance existing stockholder valuations and strengthen our earnings per share results as we continue to believe our company is severely undervalued and will explore all means possible to correct our valuation."
"As our business continues to grow and develop we will continue exploring additional future reductions in shares outstanding, including possible additional stock buyback's, to further enhance our stockholders' levels of ownership and valuations," added Mr. Hayter.
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