quote:Originally posted by going for gold: leardron,was it ed or the other investor who bought yesterday a lot of shares
Must have been investors. I know that 60 Million of it was another investor over at Pal Talk. I know that Willy Wizard is pumping it (not working so far, lol) so it might have been him and his cohorts that bought yesterday.
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PPS will not move until Ed completes his buyback. He will not be paying top dollar because he calls the shots, folks. It ain't always the mm's but their great scapegoats when it suits.
-------------------- Just the facts, ma'am.
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By: reapingprophet777 02 Jun 2005, 12:53 AM EDT Msg. 30241 of 30263 (This msg. is a reply to 30004 by mosdef99.) Jump to msg. # To all concerned...Just an observation...But, there were over 200M shares that went through in 9M share blocks late today...
Some interesting observations are: that even though there were over 200M shares that the MMs wanted us to see go across on the bid price of .0002, the MM number of 12 (60,000 combined shares offered) that were sitting on the bid price of .0002 did not change one bit.
Now, do you not think that with that kind of volume there would have been some MMs that would have backed off the bid price, especially when the PPS has not been at the .0002 price in the past months long enough to build a 200M share resistance wall? So, the first thing that comes to mind for me is that further naked shorting to create further panic in our minds that someone is dumping all those 9M share blocks... The level 2, volume, and MM activity simply does not give any indication that anyone is dumping. Only a fool would sell now at .0002 when there is over $40M in assets in the company, with daily revenues being produced...
I personally think that if some of you want to buy more shares of ICAN you might be able to get it at the bid of .0002 tomorrow, as they will just sell you some more counterfeited shares that they do not have...post it as a sell, even though it was bought at the bid price, with the intent of further trying to confuse shareholders, and create disbelief, and distrust in the company...
No one is selling at these prices, and we have to know this. I still think it would be foolish for Ed to keep telling many of us in phone conversations and the like, that he is not dumping shares, as this might be later used against him... Having said this, I do not believe that he is dumping shares...
I do believe that there is s tremendous naked short, and that there are forces working to erradicate the short position. There appears to be powerful forces at work here...the mega bucks hedge funds that have naked shorted, stifled, and strangled the PPS of ICAN that started when the initial 1B shares were added, and dumped into the OS by the Reg 504 owners...and the Cannibal hedge funds that have possibly bought up billions of shares of a naked short that some believe might go as high as 14B shares...
IMO, this is a classic battle between billion dollar hedge funds, each with the deep pockets, and track records of success behind them. This thing has to run, and run hard, and we are holding over 5B shares, collectively, and believe that there is no more than 3B OS shares, or less, as Ed has mentioned. We will soon see, I believe, a major run of this stock, well beyond the estimated $40M value, and there will be a huge pay day for those that have remained strong... If you have not seen a short squeeze, it is really fun to watch, and to be involved in...
Many of you are to be commended as you have remained strong through the BS of gagging the TA; plagerized PRs; strong throughout the questionnable background of this young company, and the CEO; strong throughout the promise to file, and the lack thereof; strong throughout the appearance of improprieties, and accompanying lies; strong throughout a relentless naked short that has to have ripped off investors, by illegally selling them shares that are not there; strong throughout a massive barrage of naked shorting MMs that have the same goal in ICAN as with the other 7,000 companies that they have naked shorted out of business in the last 6 years, which will bring all profit to them, without any risk of their having to cover their short positions.
One other point to add to the equation is that if the MMs cannot short ICAN out of business, which is their primary goal, as we do have approximately $40M dollars of unaudited value to the company, then their intent is to bring such PPS pressure to the company that the CEO has no alternative but to announce a R/S. As Ed has repeated stated that there would be no R/S, then, hopefully, we can believe him...even though the continuation of such criminal oppression of the PPS is not healthy to our company.
Yes, there is some downside to this company, and they have been hashed around since the gagging of the TA. If we are still in the boat, then we must still have faith that ICAN is a great opportunity to be involved in something grande here.
Ed, if you read this board, and I know that you do, if you want your, and our, company to be successful, then, the offshore hedge funds, that are naked shorting our company into an early financial grave MUST BE DEALT WITH, AND THE BATTLE HAS TO BE WON RIGHT NOW, WHILE THERE POSSIBLY IS ENOUGH INCOMMING MONEY, CANNIBAL HEDGE FUNDERS, AND NAKED SHORT POTENTIAL FOR CAUSING A SHORT SQUEEZE THAT WILL BE MONUMENTAL AND BENEFIT ALL.
It is time, Ed, for you to realize that you have a pioneering opportunity here, that few CEO's can ever dream about. You have the opportunity to do something good for the entire stock market, the national economy, present shareholders that have believed in you to the tunes of over 5B shares being held in strong hands...AND FOR YOURSELF, as well, as the CEO, and owner of the company.
I publicly challenge you, Ed, to release the necessary documents that will clear up all the pollution that has been hovering over our company, and set the wheels into motion that can bring financial independence to those of us that have hung in here with you, through all the griping and complaining, that is witnessed in many stock families.
Now, without question, some brilliant investors, retired stock brokers, and successful businessmen have contacted you, or at least have attempted to contact you, to brainstorm with you about some suggestions that could benefit all of us in this naked short situation. Only a fool will not listen, Ed, or take what he can use from the wisdom of others.
I say this, knowing quite well, about the shame and embarrassment, and feeling of abuse that you might have suffered with your involvement with certain individuals that have used you for personal gain, that constantly bash you on this message board, and others, that bash the company, and investors that might speak up for ICAN. We have to move on, seize the opportunity that is at hand, come clean about the OS, or any other skeletons that are hidden in the closet, and break the naked short position so that our company can achieve the lofty goals that you have envisioned for it.
It is your baby, Ed, make no bones about it. You are the dreamer, you have the vision, we are believers in you, and your company, and you need to recognize this, and team up with us to do what has to be done. Only you can remove the stranglehold that has been placed upon our company by the naked shorting. Only you, Ed, have the power to publish the OS, complete the audit, roll ICAN into a fully reporting company shell, and annihlate the criminals that are trying to cause a lot of good people to lose hard earned money - you included.
It is time for you, Ed, to stop blowing smoke out of both corners of your mouth, and work with the shareholders that you have promised was your desire to increase shareholder value in ICAN. You can do this by releasing the necessary documents, and breaking this ring of thieves that has caused so much frustration, fear, and panic in what appears to be a solid company with revenue-producing assets in it.
IT IS TIME FOR YOU, SIR, TO STEP UP TO THE PLATE, knowing that the bases are full, and there is no where to put you, and that the MMs and hedge funds have to deal with your awesome power... You have the hammer that can set the captives free, as the MMs have arrogantly continued to short themselves deeper into the quicksand.
We await your next move, Ed. Do the right thing, as a CEO, as a human being, and we will be there right behind you... Only you can quiet all of us that have criticized you, however wrong, or right we were... I HOPE THAT YOU WILL STRIKE NOW, ED, WHILE THE IRON IS SCORCHING HOT...
This is all, JMHO, of course, FWIW... Thank you for bearing with me, through such a long representation of my thoughts...
May God bless all ICAN shareholders, and our CEO. Stay encouraged, and hopeful...that good things are about to happen.
posted
IBAC Corporation Completes Contracts to Acquire the Memphis Airport Ramada & Confirms Closing Date Business Wire - June 02, 2005 09:09
NEW YORK, Jun 02, 2005 (BUSINESS WIRE) -- IBAC Corporation (PINK SHEETS: ICAN) today announced that they have completed the definitive contracts whereby IBAC will acquire the Memphis Airport Ramada & Restaurant that they won as high bidder at a public auction held on May 25, 2005, upon the completed transaction the property will become a wholly owned subsidiary of IBAC. The closing of the acquisition is June 28, 2005.
The Memphis Airport Ramada & Restaurant are 2 separately deeded parcels. The Hotel is a 127 room Hotel located adjacent to the Memphis International Airport and 2 miles from the world famous Elvis Presley's Graceland. The property contains approximately 70,293 sf, and was constructed in 1986. It is a six story interior corridor hotel in superb condition and is situated on 1.548 acres. The restaurant is approximately 5100 sf and was also built in 1986 and is situated on .992 acres. Some additional features of the property include an outdoor pool & patio area and 182 parking spaces.
With the addition of this acquisition IBAC will have operating businesses in Florida, Tennessee & Arkansas that includes a 200 room full service hotel, 127 room limited hotel, 7 restaurants (2 pending closing already contracted) 10,000 sf of banquet space and the exclusive concession, food, beverage & catering contract with the Pine Bluff Convention Center.
"We are very pleased with the acquisition of this choice property as it increases the company's rooms to a total of 327 and an additional restaurant located in a very popular city as we strive towards our stated goal of becoming a 100 million dollar a year fully reporting company. I am extremely pleased with the rapid growth we have experienced in such a short period of time (less than a year) and attribute our rapid growth to our employees and executives," said Edward W. Hayter, President IBAC Corporation.
IBAC Corporation is a New York based holding company operating through its subsidiaries within the Hospitality, Food Service & Restaurant Industries.
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alright folks it seems like we are at the calm before the storm very good stuff is about to happen to all of us longs or a terrible thing might happen as well.i being long of course hope for the best but this long holding of icans stock has made me a weary investor.i will continue to hold regardless even though my faith has been shaken in this stock.i am not very pleased with todays pr it seems like fluff we already knew about the hotel and that we won the auction please ed i know you have the capability to repair this horrible situation for us and i will stand beside you as long as it takes whether this ship sails on or sinks i will be there holding long.i truly hope that this naked shorting is put to a stop asap as it is destroying the pps for us longs.maybe we should add to our positions right now im not sure.i have over 4 million shares and would like more but these last few months of seeing very little action has made me cautious.well i just wanted to share my thoughts i wish all those the best of luck and maybe by the end of the month things will be looking much brighter for all of us that held on tight.
-------------------- gotta know when to hold em and when to ..........
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Ed, we are standing by you.We still beleive that great things can happen to those who hold. please do the right thing and release the ta.roll this over.shut the doors on the MM's that are ruining this stock.I have put all of my money into the dreams that YOU have inspired. Now you must follow through.
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thank you forrest for that great posting reaping.i think that sums it up for most of us the only reason i am long in this is that ed has came through in the past and i am hoping he will again i am 11.5 million long and strong and i am like the rest of you i am hoping the dream comes true for us. all i can say that is if you went this far it time to gut it out to the end.gtla
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I can only assume that most of these trades are for the buyback, but it could also be the mysterious "investor". However, even if only 1/2 of these trades are for the buyback, we're moving along pretty fast! And perhaps we'll see a real good PR after the buyback is completed.
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Equity Bridges Financial Relations: CMKM Diamonds Inc. (CMKX: OTC.PK), IBAC Corporation (ICAN: OTC.PK), Prime Rate Investors Inc. (PRRM: OTC.PK), Universal Express Inc. (USXP: OTC.BB), EagleTech Communications Inc. (EATC: OTC.PK) with 5 Senate Leaders now seeking answers about the selling of counterfeit securities in our markets, it is time that we as citizens help educate the world about this crime!
Jun 02, 2005 (M2 PRESSWIRE via COMTEX) -- Wayne Pedersen, President of Equity Bridges Financial Relations, invites everyone to visit Washington and New York and join the crowds to voice your disapproval of counterfeiting securities, formally known as naked short sales. Everyone is invited to join Hugo Cancio from Fuego Entertainment in Washington D.C. on Monday, June 6th and again at Times Square in New York City on June 7th. Fuego Entertainment will be filming a documentary called "Counterfeit Conspiracy", to educate the world about the highly treasonous act of counterfeiting and selling securities in the U.S. markets.
According to Cancio, the five senate leaders pledging their support to demand justice for this crime are senators: Bob Bennett, Richard Shelby, Richard Durbin, Susan Collins and James Talent. More senators and members of congress are requesting support and education from the American public on this matter every day.
A very large group of citizens are going to march in front of the SEC building in Washington D.C. and demand answers. Why is the counterfeiting of securities being allowed to take place every single day in our markets? Shareholders of CMKM Diamonds, Inc. (CMKX: OTC.PK) will be one of the largest groups in attendance on both days. This company's shareholders have united together to help their company obtain undisputable proof of counterfeit securities being sold to them and stored in their portfolios for them by their brokers. "On Tuesday, June 7th we will be loading our buses with citizens and taking them with us to New York City to rally in front of the NASDAQ building on Times Square" said one of the organizers, according to Fuego Entertainment.
Recently IBAC Corporation (ICAN: OTC.PK) and Prime Rate Investors Inc. (PRRM: OTC.PK) urged their shareholders to request their shares be sent to them in certificate form over the possibility of naked short selling of their common stock.
Universal Express Inc. (USXP: OTC.BB) has recently stated publicly that the SEC has ignored, denied and attempted to cover-up the 'naked short selling' scandal. Universal Express and others have been courageously exposing the issuance of trillions of counterfeit shares as a violation of criminal statutes and a destruction of public trading confidence.
On April 6th 2005 Rodney E. Young President and CEO of Eagletech Communications, Inc. (EATC: OTC.PK) writes to First Deputy General Counsel Larry Thompson of the DTCC about the largest breach of public trust in history stating: "Dear Mr. Thompson: I wish to remind you that on March 4, 2005 Eagletech Communications, Inc.'s attorneys announced the ruling of the Supreme Court of the state of New York, wherein the DTCC was compelled to produce the company's trading records Today, more than one month later, the records have not been forthcoming as ordered by the court. Instead, as First Deputy General Counsel for the DTCC, I believe you have undertaken a campaign to disseminate misinformation, lies, and half-truths when confronted with facts made public by your detractors." Recently I have spoken with Mr. Young and he still has yet to receive his trading records. Why I ask does Rodney and his shareholders get the song and dance attitude ? Does the DTCC have something to hide ?
It's not too late to join, please go to www.CounterfeitConspiracy.com and register today. It's FREE and we welcome everyone to join us.
Counterfeiting ANYTHING of monetary value is illegal in America. It is not only illegal, but it is disastrous to our economy and our strength as a world financial leader. In spite of laws that were written more than 70 years ago to protect our markets, this crime has been allowed to prosper for so long that it may have already taken trillions of US dollars out of the country. Where is this money going? Think real hard about that for just a moment
This crime may be affecting every single citizen in the US whether they know anything about the markets or not. The crime of selling counterfeit securities is stealing money from our retirement plans, raising the cost of living, destroying businesses, creating unemployment and ruining lives. Our fellow country men and women have made the ultimate sacrifice to protect our Constitution, let's make them proud!
United we stand as one nation, under God, indivisible with freedom and justice for all !
Equity Bridges Financial Relations (EBFR) has been in business since 1999 and has represented over 100 Companies. EBFR is committed to investors as much as we are committed to companies.
We firmly believe that keeping investors well informed is one of the most important functions of a publicly traded company. "We help bridge the gap between companies and investors."
The owner and staff of Equity Bridges Financial Relations are not licensed investment advisors.
We do not give out, buy, sell or hold advice to anyone. We have not been compensated in any way to publish this report. Full disclaimer/disclosure is located at: www.equitybridges.com/cmkxdisclaimer.htm
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