posted
This is the day by day volume with highs and lows from nasdaq.com if you click on ICAN's chart notice until 04/26 we were trading 5-6 digits deep and since we use alphatrade which only goes 4 digits we never saw any of these trades for example .00049 is only seen as .0004. Does this have anything to do with the manipulation of the stock price?
posted
Guy on Pal Talk is right. This vlomue spike is going to show up on everyone's filter tomorrow and could get even crazier.
Posts: 421 | From: Florida | Registered: Mar 2005
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quote:Originally posted by going for gold: i 'am sure ed will be very pissed,leardron any comment from the man himself?
Not yet, but he was talking to another guy on the board on the phone and said he was pissed with the volume and movement. I am sure he will come on Pal Talk tonight. We will see. He really, really needs to follow this up with a PR tonight to keep this going.
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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posted
i have never seen anything like this it will go on tomarrow and who knows where it will end i hope ed puts a pr out tonite
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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posted
would a good idea ,otherwise a pr for the buy-out,all shares for 0.05 ,that will hurt those mm's Posts: 207 | Registered: Jan 2005
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quote:Originally posted by going for gold: i 'am sure ed will be very pissed,leardron any comment from the man himself?
Not yet, but he was talking to another guy on the board on the phone and said he was pissed with the volume and movement. I am sure he will come on Pal Talk tonight. We will see. He really, really needs to follow this up with a PR tonight to keep this going.
Hopefully he's writing it right now
Posts: 421 | From: Florida | Registered: Mar 2005
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posted
No more for today from Ed or the Investor. Investor said his broker can't get anymore today, He is overseas. Will crank it back up again tomorrow. Hopefully we will still see a 5 at the end.
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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posted
IBAC Corporation to Increase Company Share Buyback May 19, 2005 4:19:00 PM ET
IBAC Corporation (OTC.PK:ICAN.PK) Today announced that they will increase the previously announced company share buyback from up to 300M to 750M shares on the open market by September 30, 2005. The Company has purchased 200M shares today on the open market through a third party.
IBAC Corporation to Increase Company Share Buyback
NEW YORK, May 19, 2005 (BUSINESS WIRE) -- IBAC Corporation (OTC.PK:ICAN.PK) Today announced that they will increase the previously announced company share buyback from up to 300M to 750M shares on the open market by September 30, 2005. The Company has purchased 200M shares today on the open market through a third party. 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.
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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posted
just left pal talk what a great day for the white hats the mm's look like they are in a jam and it couldn't happen to a nicer bunch. but the story is not over yet i can't wait until tomarrow. i hope most of you stayed long glta see you tomarrow
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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Can someone please explain to me what we, as non-majority share holders, should expect from all this? What happens next? Ed and "Investor" continue to buyback, but what happens to us?
Does anyone know? If not, why is everyone so happy (other than those who got in below .0005...
Thanks in advance for any insight.
Posts: 330 | Registered: Mar 2004
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posted
Hey guys, just to let you know I won't be here tomorrow to relay info from Pal Talk. I know there are some othe guys on here that are on Pal Talk and I am sure they will relay the info. I hate to miss all the fun but I will be on the road. I will try to check in around lunch to see what's going on. Keep it up Ed!!!
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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posted
wow what a day imho this doesn't appear to look like a company that is about to go private.why would anyone drive the price up by getting into a buying war with "investor" these two are up to something big over on the paltalk site investor is saying that this has just begun kinda looks like the two of them are putting the the big squezzzze onto the dirty MM's im taking the day off from work tommorow just to watch this thing fly
Posts: 629 | From: new england | Registered: Feb 2005
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posted
Anyone else think he may have put that little news blurb about going private out to generate more interest in the company?
Posts: 44 | From: Atlanta, GA | Registered: Apr 2005
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posted
i think its possible but im sure after he saw his company being shorted like it was getting today it pissed him off enough to do something about it...
-------------------- Bank It.... Posts: 939 | From: hampton,va. 23666 | Registered: Oct 2004
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posted
First off I'd like to say that I do not currently own ican. Next, I'm still fairly new to this online trading stuff so please bare with me on this one.
OK, so I was finally getting the hang of my Scottrade account and they went up and changed it on me. While I was rumbling/fumbling through it I came across the cancelled orders section and it struck me as odd. I did a little cut and paste and here it is.
Canceled Orders Good til cancel orders in the following, entered prior to the close on 04/26/05, will be canceled due to splits today (04/27/05). Use caution in re-entering these orders as it is the customer's responsibility to be sure the quantity is correct for post split trading.
Effective Symbol Split 04/26/05 ICAN 15% stock dividend 04/26/05 ICEW 1:80 reverse split 04/26/05 LAKE 10% stock dividend
I did go back to the old sight and it was not there. hmmm...I do not want to cause an uproar but thought you all should be privy to it "if" it is valid.
Posts: 21 | From: San Diego | Registered: Apr 2005
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500M Ed's private shares 300M Previous company buyback 200M Today's company buyback 200M Private investor today 200M Other private investors (lowball guess) ==== 1,400M or 1.4 Billion, which is VERY close to the float of 1.5 Billion.
I assume the MMs pretty much naked-shorted all day long, which puts them at about 400M short right now. So the MMs may already be several 100M (300M?) above the issued number of shares!
Everyone just hold tight to your shares - if the MMs start covering and additionally have to compete with Ed and the "Private Investor" for shares, we may esperience the mother of all short squeezes!
IMHO, just based on assets and revenues, the valuation of the IBAC should easily be $15million, or at least 0.01/share. I think that's why Ed is so upset.
Posts: 323 | From: Honolulu | Registered: Sep 2003
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posted
Ed's private shares are not part of float. Can't be never no way impossible. Officers on the board and Officers of the company shares are all restricted (insider shares) no matter how they got them and are not part of float.
-------------------- Invest with your brain not with your heart. Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004
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posted
Thanks, Ric, I got too excited. I still think the MMs cannot hold this down much longer with this kind of volume; they know they need to cover at some point.
I'm somewhat confused, though: The float was about 1.3-1.4 billion back in Feb, when the Ed announced his 500M buy. They then announced a company buyback of another 300M, which should have reduced the float to much below 1 billion. So how can we be back to 1.5 billion float - dilution? The 15% dividend explains part of the increase, but not all of it.
Posts: 323 | From: Honolulu | Registered: Sep 2003
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posted
I,ve never posted before, but I have been here for the past few months reading along everyday. last night I decided to go to paltalk for the first time and when I went to the ICAN room I got booted out, now they say it will be 24 hours before I can go back in, dose this happen to anyone else? i wasnt chatting, I was only reading
-------------------- Charlie Posts: 3 | From: appolo beach | Registered: Feb 2005
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