quote:Originally posted by tntrader: I want in damn it
So buy it!!
Even at these prices, I think it is still undervalued. Check out the DD and let me know if I am wrong.
GLTA
I agree even at these rock bottom prices it is still a great entry point
-------------------- 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
You know, one thing I was thinking that would be huge down the road is this. Once they complete the purchase of the Sanibel Steakhouses that they decide to franchise it. I could definitley see them doing that and man, talk about the bucks that would flow from that!
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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quote:Originally posted by justplayin: Morning Doc.
Off topic: Are you staying high & dry. I have hear about all the rain and devestation in CA. I hope the rain stops and CA can dry out a bit.
Northern CA here so not as west as So Cal at this time, we do get our share, we had 2 tornados touch down in Sacramento yesterday. That is so not usual for us.
Okay ICAN we need a push upwards in 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
February 22, 2005 11:17 AM US Pacific Timezone
IBAC Corporation CEO Tonight to Discuss Company's Strategy and a Question & Answer Session During a Live Interview
DALLAS--(BUSINESS WIRE)--Feb. 22, 2005--Dan York Administrator for www.paltalk.com Sterling's Classroom today confirms that tonight IBAC Corporation (Pink Sheets: ICAN), CEO will participate in their free public forum for a CEO Interview tonight February 22, 2005 at 9PM EST. Edward W. Hayter, the Company's President and Chief Executive Officer, has confirmed the invitation.
"I look forward to addressing any and all questions or comments regarding our company from shareholders and non shareholders alike, as this will give me the opportunity to set the record straight on many issues regarding our company and the company's plans moving forward," said Edward W. Hayter President & CEO.
For all interested if you are not a member of PalTalk already you can download a version of the required software for free at: http://www.paltalk.com/PalTalkSite/
Due to the anticipated response we will be adding additional room capacity via, "ICAN Overflow Rooms" that will be created in the "Miscellaneous" category under the heading "Groups" for entering. No required password will be needed to gain access to the forum.
About IBAC Corporation: IBAC Corporation, a food and beverage services/restaurant/hotel holding company based in New York, NY. Operates through its subsidiaries, The Sanibel Restaurant Group, National Hospitality Management Services and The Royal Arkansas Hotel & Suites.
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.
Contacts
PalTalk - Sterling's Classroom Dan York, 214-675-2531
-------------------- 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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This is my first time posting here, but have been reading up on this stock for quite a while. How high do you think this stock will get? And how long are you guys that bought shares going to keep it for?
Posts: 98 | From: South Texas | Registered: Feb 2005
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posted
February 22, 2005 11:23 AM US Pacific Timezone
International Broadcasting Corporation Announces New Sponsor for ``Stock Talk LIVE'' Radio Show: IBAC Corporation
PHILADELPHIA--(BUSINESS WIRE)--Feb. 22, 2005--International Broadcasting Corporation (OTCBB:IBCS), announced today that it has signed on a new sponsor for its radio talk show "Stock Talk LIVE." IBAC Corporation (OTC:ICAN) is the latest sponsor for the show. "Stock Talk LIVE" is a fully interactive business radio talk show focused exclusively on micro-cap stocks. The show is "on-the-air" each and every stock market day from 9:30 AM to 4 PM EST.
Interactivity, interesting guests, and significant short-term trading opportunities are featured in each edition of "Stock Talk LIVE." Interviews, commercials, and news updates about IBAC Corporation will air on the show. IBAC Corporation will also get additional exposure on other programs that air on the IBC Radio Network.
About IBAC Corporation
IBAC Corporation is a food and beverage services/restaurant/hotel holding company based in New York, NY. IBAC Corporation operates through its subsidiaries, The Sanibel Restaurant Group, National Hospitality Management Services and The Royal Arkansas Hotel & Suites.
About IBC Radio Network
IBC Radio Network (www.IBCRN.com) is a radio service with a unique, all-talk format distributed coast-to-coast and worldwide to radio affiliates via satellite. Content includes business, news, science, and paranormal content. IBCRN exclusively carries "Stock Talk LIVE."
Statements in this press release other than statements of historical fact are ``forward-looking statements.'' Such statements are subject to certain risks and uncertainties including the demand for the Company's services, litigation, labor market, and other risk factors identified from time to time in the Company's filings with the Securities and Exchange Commission that could cause actual results to differ materially from any forward looking statements. These forward-looking statements represent the Company's judgment as of the date of this release. The Company disclaims, however, any intent or obligation to update these forward-looking statements. The disclaimer for sponsors is located at http://ibcnn.com/disclaimer.htm
Contacts
International Broadcasting Corporation Daryn P. Fleming, 402/742-0493 invest@ibcmedia.com
-------------------- 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 homer_0: What is the highest you guys have seen this stock hit?
Well, I have only been tracking it for the last 2 months so this is the highest I have seen it but from looking at the history, it has been much higher.
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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quote:Originally posted by dodint: I have a limit in at .0006
I REALLY want in but I'm not going to chase. Not today at least.
Well here is your chance. I don't have level IIs but it looks like the MMs moved the Ask down to .0006 to pick up all the buy orders there. My guess is it will close at .0007. They will move it back to .0007 before it closes.
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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posted
.0007 close, not bad. Let's hope it doubles that tomorrow. Hope Ed has all the right answers tonight.
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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posted
Blah. Not filled. I wonder if trying to get in at .0006 tomorrow will be worth the effort or if I should chase to .0008.
Posts: 31 | From: Latrobe, PA | Registered: Feb 2005
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posted
Question: Has anyone signed up for paltalk? If so where do I find the discussion on the site? I downloaded the software to use paltalk but cant seem to find where they will be talking to Ed. Any help would be appreciated...Thanx
-------------------- grasshopper Posts: 268 | From: LA | Registered: Dec 2004
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Yea, I read that too, about the little answer/question session. Thats neat. Sorry, I do not know anything about paltalk. And yea, I too hope it goes up way way higher tomorrow! Well, till then!
Posts: 98 | From: South Texas | Registered: Feb 2005
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quote:Originally posted by ARI: Question: Has anyone signed up for paltalk? If so where do I find the discussion on the site? I downloaded the software to use paltalk but cant seem to find where they will be talking to Ed. Any help would be appreciated...Thanx
from what I see once you login you click on the tab at the top that says groups. Then there is a group for business and finance. You click on that and I think you will see a room for the chat when it gets close to the time. There is also a group called miscellaneous, which he was talking about in the PR, and if you can get into the group on the business and finance section, get into the group in miscellaneous. Hope this helps
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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posted
thankx leardon I'll try those. Hopefully if I can't figure it out (I am somewhat computer challenged) you all will let me know all the great news...
-------------------- grasshopper Posts: 268 | From: LA | Registered: Dec 2004
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posted
i bet you,by he end of the week,it should go 0.001 or more,some lesson to be learned,do you maths and then you judge about a stock,i had a nice gain today but still holding till we reach 0.04
Posts: 207 | Registered: Jan 2005
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quote:Originally posted by going for gold: i bet you,by he end of the week,it should go 0.001 or more,some lesson to be learned,do you maths and then you judge about a stock,i had a nice gain today but still holding till we reach 0.04
Curious, how did you come up with the .04 figure? TIA
-------------------- Peeper Posts: 95 | From: Phoenix, AZ USA | Registered: May 2004
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posted
Didn't get filled , but i'll be back tommorow , everything comes down eventually .
Posts: 734 | From: Nassau County | Registered: Jan 2005
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Might want to be careful though. Its known to drop as fast as it rises. Good thing is it does move back up if you get caught but not sure I will buy at this price. Will wait for bottom again. Then again maybe I will miss the boat but chart looks like a roller coaster right now.
Been reading up on dd. Some are posting information wrong on this. Not to say this is a bad investment but some are reading the dd wrong. This company is not going OTC, its spining off its resturant business to a OTC company in exchange stockholders here will get some form of dividend for the spinoff. Who know if they will be restricted or not. This will still be a pinksheet though and will become a radio stock talkshow. Not sure of the value of that but as with any pinksheet the risk is high and rewards can be too if lucky. Just watch out. Looks to be a better in and out at least with part of your shares if nothing else.
-------------------- Invest with your brain not with your heart. Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004
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I sold out at .0007 I was in at .0003. Good Luck to All of You who are still holding!!
Posts: 429 | From: New York | Registered: Jan 2005
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Is anybody listening to paltalk? I can't seem to figure it out....very frustrating!!!!
Posts: 268 | From: LA | Registered: Dec 2004
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Outstanding Interview!!! Interview answered alot of questions. I will post what was found out. GREAT INFORMATION. Here is what I found out in a nutshell.
Current share structure is this: Authorized shares stand at 20 Billion Outstanding shares stand at 7.3 Billion (6.3 Billion of these shares are restricted and totally owned by Mr. Hayter. 1.3 Billion are in the general float)
Company currently has just under 1 Million dollars in Cash.
Mr. Hayter has currently purchased over 200 Million of the 500 Million shares to date and plans on purchasing the entire 500 Million.
The overall plan is to spinoff some or all of the current assets (Sanibel group, Arkansas Hotel and Suites, and Pine Bluff Convention Group) to an OTCBB Stock. He hasn't decided yet whether to spin them all off or just some. It sounds like he leaning toward splitting up the assets. The Sanibel Group will be the first one to spinoff as they will be done with the audit on that first.
This is one of the big ones. The Shares we get from the spinoff company will NOT be restricted. They will be free trading shares when the dividend is given out.
He said the audit is in the early stages and doesn't have a time frame as to when it will be complete.
Not sure if company is naked shorted and was told by accountants that if he wanted to find out that they would have to halt trading for a few days to do an audit. He doesn't want to do that at this time as he feels it will be a detriment to the company. The spinoff audit will help to care of this.
Another big one. He said absolutely NO REVERSE SPLIT.
Some other interesting facts: The Arkansas Hotel and Suites is currently worth 19 Million Dollars. They only have a 1 Million dollar mortgage on it which means they own 18 Million dollars of it free and clear.
They also get 100% of the revenues created by the food, drink, and entertainment from convention center. They are also in the process of looking to purchase a production company for entertainment at the convention center.
The Revenues are already up $50,000 for the year over last year in the Arkansas Hotel and Suites.
Once all 3 restaurants are purchased they will generate 14 Million dollars revenue to the company and about at 10 to 15% profit per year (1 to 1.5 Million dollars!)
Another big one. ICAN is CURRENTLY a Profitable company. All current entities they control generate a profit!
There was a question about a 504 and he said there was a 504 executed already for 1 Billion shares which is 40% of the 504 but he doesn't expect the holder to execute the remaining 60% in the near future as he is on board with growing the company.
Another Big one! Wants to grow the Sanibel Brand name through Franchising.
He says the reason the TA was given a gag order about their financials is because they requested it. He said they were getting flooded with calls and the TA couldn't handle it. He agrees with the stockholders, however, that they should be able to call the TA to get this info and it currently in the works to work out a deal to lift the gag order.
Finally he says that with the value of their assests and and profitability, he feels the stock should be trading at .03 to .05 pps.
This was an Hours worth of questions. Some started repeating themselves but these were all of them in a nutshell.
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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posted
I missed some of it but here is all I could gather........
There is NO relationship with PRRM. NO association or affiliation whatsoever and they are asked that question a lot
Q. Can u explain why ICAN is innovative
A. They have an aggressive management team. They have over 100 employees. They have Mr. Becker w/over decades of experience.
Replacement value of hotel is 19 million dollars. There is 18 million in equity in that asset
10K sq. feet of office space, 200 suites, it's part of the Pine Bluff Community.
If you go to Pine Bluff convention center and you eat sleep there , there is revenue to ICAN
They're also going to bring shows to the convention center which will bring additional revenues
The santa bell restaurant group in Fort Myers, revenue this month alone is up 50,000 dollars over last years' revenues for this month. Last year was 137K in one month and today it's around 187K this month.
He thinks they'll maximize revenue and profits with the people they have at the helm
ICAN is profitable right now. They will utilize the assets that will give the best return to the shareholders.
Mr. H has invested his own millions into this venture. His investment company is Turner something?
Q. do you have intentions on selling your shares and increase dilution
A. NO I do not. If I sold shares into the market, I would dilute my own investment. No I am not doing that.
Q. When is the date of record for the dividend. Has it passed?
A. No it will be soon.
Q. Where do you see yourself in 5 years
A. On the NASDAQ small cap and a large holding company owning restaurants and hotels generating 50million to 100 million per year.
Q. Have you purchased the OTCBB shell?
A. Yes we have. It is pending closing, but yes we have.
Q. Is ICAN profitable?
A. Yes ICAN is profitable and all subsidiaries turn a profit.
Q. Do you have an IR firm?
A. Not yet we're getting large enough now where we may need an IR firm. Although he enjoys talking to the shareholders, he is extremely busy during the day with day to day operations... so he is considering getting an IR firm.
Q. Do you plan to purchase the 400 to 500 million shares of ICAN
A. Yes I do. I feel ICAN is undervalued at these prices and I believe in the company.
Q. Is there any chance for a reverse split.
A. "ABSOLUTELY NOT" because we don't want the prior shareholders to be hurt. The answer again is "ABSOLUTELY NOT"
Q. Do you plan on pr'ing the amount of shares bought back?
A. Absolutely when the purchase is complete, we plan on pr'ing the total that has been re-purchased.
Q. Pine Bluff is not a tourist hot spot what drives people to that area.
A. we only need 20 percent occupancy to break even and true, it's not a tourist hot spot but there is a lot there. Pine Bluff has the largest company that dis assembling armament, Tyson food has a plant, University of Arkansas is there too.
The key is there is a lot of industry there.
Q. The warrant, what is the price of the warrant?
A. The warrant is 20% below market?
Q. Do you have plans on abandoning ICAN and having it be an empty shell?
A. NO. ICAN will always have assets with the intent "to grow it".
Q. The otcbb is a shell in which you're going to put assets into correct?
A. That is correct.
Q. What is the burn rate
A. There is NO Burn rate. The company is NOT losing money. Every company bought supports itself. They will furnish annual reports and if there is a windfall there will be dividends.
Q. Explain the float again
A. At the time they had a major announcement, the holder of the warrant exercised part of his warrant. The CEO published that information immediately and did not withhold it.
Q. What do you like about the restaurant?
A. Very brandable name of the steak house. Liked the name and plan on growing it as
Q. Another question about ICAN and possible naked shorting and does he have plans
A. Obviously I look for reasons that our share price doesnt' move up. That is a convenient excuse. Can I prove it? No. Could it be happening? Yes. But when we become fully reporting that will come to a stop.
Q. Is there a timeline for ICAN to become fully reporting?
A. His schedule is to have it fully reporting at least at the middle or the end of the second quarter.
still working there is a little more.....
-------------------- grasshopper Posts: 268 | From: LA | Registered: Dec 2004
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A. The company's philosophy is to look at all acquisitions that generate revenue. Currently looking at an acquisition in Chicago and another company in Florida. Anything that we acquire, must stand on its own. Must not be in the red and must be able to stand on its own.
Q. How much cash does ICAN have A. 950K
Q. Who supplies food and drink? A. On what location? -- in Arkansas it's Arkansas vendors -- in Florida it's Florida vendors -- those decisions are left to those individuals executives in charge of those operations.
Q. If you think your company is worth 3-5 cents, why aren't you buying more shares?
A. Because I already have 6 billion shares and there has to be some sort of a float.
Q. Are the 500 million being purchased, being purchased from the 1.3 billion in the float?
A. Yes, that is correct and it's being purchased for my personal account.
-------------------- grasshopper Posts: 268 | From: LA | Registered: Dec 2004
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! Patience worked for me.
