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whats going on i entered my 6 million shares i hope that helps maybe ican is going to make us rich or maybe ed is going to make us all fools for beleiving in this company.im hoping for the first possibility but as always time will tell.im holding on for the long hual.i would like to beleive that one day ed will retire a huge amount of shares continue to scoop up undervalued properties and ican stock goes over a penny a share and holds.wouldnt that be swwwweeeetttt!!!!!!!!
-------------------- gotta know when to hold em and when to .......... Posts: 1525 | Registered: Mar 2005
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I know, but those are the updated shares for ICAN. The site I guess was originally for PRRM.
Posts: 1295 | From: New Jersey | Registered: Dec 2004
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yesterday when i entered my shares the counter never changed i dont think that the counter is accurate did anyone else notice the same
Posts: 629 | From: new england | Registered: Feb 2005
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quote:Originally posted by bmaxingout: yesterday when i entered my shares the counter never changed i dont think that the counter is accurate did anyone else notice the same
I think they only update it once per day. So basically anything put in today won't show up till tomorrow.
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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I've been working what few numbers I can find and making some calls to people I know who are into hospitality companies. Unless there are some big, ugly skeletons in ICAN's closet, nobody can figure out what's wrong with the PPS on this. Anybody got anything ? NSS and dilution don't make sense anymore, not at the volume we have seen. Consensus I have so far is the MMs playing games in response to ICAN's NSS accusations.
Posts: 97 | Registered: May 2005
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quote:Originally posted by nyinvest: I've been working what few numbers I can find and making some calls to people I know who are into hospitality companies. Unless there are some big, ugly skeletons in ICAN's closet, nobody can figure out what's wrong with the PPS on this. Anybody got anything ? NSS and dilution don't make sense anymore, not at the volume we have seen. Consensus I have so far is the MMs playing games in response to ICAN's NSS accusations.
There is a theory that the 501s sold their shares and that is what brought the pps down. Also Hdsn seems to be the main culprit in helping to bring this down which is the mm that Ed is using to do his buy back. From what I understand, Ed cannot buy at the ask price because it would be considered price manipulation. On top of all of this throw in the fact that the MMs are naked shorting it just like they do any pink sheet and you have the current pps. I really think the ship will be righted once he ungags the TA. The mms have no respect for this stock right now because no one really knows what the o/s is only the a/s. Once he ungags the TA and everyone knows, this will go up.
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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it sure would be nice to see just how much ed has bought back so far.I would love to see him buy the entire float
Posts: 629 | From: new england | Registered: Feb 2005
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quote:Originally posted by mikensay: I'm guessing then, the only reason he's waiting is to fullfill his buys and the buy back, right?
Otherwise why would he wait?
Yes, that is correct. The reason most of us feel why he is doing what he is doing is because all along he has said that the O/S was 1.3 Billion (before the dividend) and now 1.5 Billion. Now lets say it was actually 5 Billion shares (like it is rumored to be). He doesn't want to ungag the TA and shock everyone and it also makes him out to be a liar. So, he buys back all these shares and retires them before he ungags the TA so when he does ungag the TA the O/S is more in line with what he has been claiming the O/S is.
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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leardon i agree 100% now if he had told us that he needed to sell shares to gain capital i dont beleive that there would be a problem with at least with most longs that are holding ican but not telling us well thats another story all together. Ed needs to remember that we are on his team.
Posts: 629 | From: new england | Registered: Feb 2005
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If this turns out to be only 1.5B O/S, I think this could jump pretty good and if all the company claims is for real, this would be a nifty little company to hold on to.
I do have a question that maybe someone could answer. If they move up to reporting, are there requirements as to listing shareholders over a certian percentage and if so, what's that percentage?
Posts: 97 | Registered: May 2005
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quote:Originally posted by bmaxingout: leardon i agree 100% now if he had told us that he needed to sell shares to gain capital i dont beleive that there would be a problem with at least with most longs that are holding ican but not telling us well thats another story all together. Ed needs to remember that we are on his team.
Yepper, I agree with you there 100% from a moral standpoint but not necessarily from a business standpoint. I know this stinks but think about it. If he would have done what you said and let everyone know he was selling shares, first off the share price would instantly drop right away from the daytraders getting out. Now instead of Ed being able to sell the Billion shares at say .0007 and now has to sell them at .0005 or .0004 and he has lost money. By doing it behind the scenes allows two things. One is that he sells them when the stock is rolling and plans on buying them back later when the price drops. He knows the price is going to drop because that's what the MMs do with pennies and he knows people will bail because he also has the gag on the TA which causes suspicion. This causes the usual uneasiness in the market and enevitably the price drops. Now what he does is behind the scenes, he buys back the 1 billion shares he sold earlier at an extremely low price, retires them and then Ungags the TA to bring the price back up and he can say "I told you the O/S was X amount all along". It's a really crummy way to treat the shareholder that have to go through it but in his mind probably anyone that sells his stock before he is done completing his 3 year plan is their loss. He has always told every single shareholder that calls him that "you don't see the bigger picture". The "bigger picture" is holding on no matter what happens till he is done is 3 year plan and then the gravy will come to all those that stuck with him.
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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Yeah, I get you Leardron. The problem is that in 3 years will he be around to finish his plan? That's what makes most nervous. Don't get me wrong, so far everything I've seen is positive and I think Ed is a fairly straight shooter. I'm not dumping, but if your speculation is right, then he's into that grey area...and then I start to feel like a sheep.
-------------------- It's choice - not chance - that determines your destiny. Posts: 350 | From: Portland, Oregon | Registered: Jan 2005
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I think, and Leardon correct me if I am wrong, Ed is already about a year into his 3 year plan. With the assets he is gathering, he will be around in another 2 years.
Posts: 1295 | From: New Jersey | Registered: Dec 2004
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The ball I keep following has nothing to do with what he is doing with the stock. It is what he is doing with the his promised business plan. He promised that he would grow his company into a 100 Million dollar a year revenue company through aggressive acquisitons. He has done everything he has promised so far with the exception of the Sanible acquistion in April. And explained in a PR why he didn't want to acquire them right now and it makes sense. Why should his company suck up the costs through the slow season when the previous owner can do that. Acquire them right when the busy season is starting and get it going right out of the gate. Another smart move which expands on his plan of growing the Sanibel chain was to convert the two restaurants in Arkansas and Memphis into Sanibel restaurants. That was a huge PR in my mind for the longs. Now he will have 5 Sanibel Restaurants in 3 states by the end of January 06. Possibly even 6 of them and another restaurant if the last PR comes together.
Now here is the one huge clinker in all of this that you have to take at his word or not. That is the dreaded Reverse Split. He has sworn that he would not do it and right now I am believing him because I think he will continue to do buybacks. Also he can take the current share structure onto the OTCBB and still be a respectable PPS if or when he grows this to a 100 Million dollar revenue company. 1.5 Billion shares outstanding would be fine if you are generating 100 Million dollars in revenue. all this is just my opinion and I am a glass half full type of guy. There are alot of valid arguements to the CON side of all of this and the only thing you can do is hope, epecially with the pps at this price. There really isn't thing else you can do.
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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You're right NormaKash, he is somewhere around his 1 year mark. I'm not saying he won't be around, I'm saying often times an executive will put together a 2 or 3 year plan and then before you know it, he's moved on. That's where people start to get nervous.
-------------------- It's choice - not chance - that determines your destiny. Posts: 350 | From: Portland, Oregon | Registered: Jan 2005
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quote:Originally posted by NomarKash: I think, and Leardon correct me if I am wrong, Ed is already about a year into his 3 year plan. With the assets he is gathering, he will be around in another 2 years.
Actually Nomar, he is only into his 9 month! The company didn't start until the end of September of 04 and look what he has already acquired. I agree, Ed will be here to fulfill his plan. whether the share structure stays the same is the only thing I am a little worried about. Hopefully Ed will stick to his word there and keep it intact when we become fully reporting.
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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leardron i agree 1.5 bill would be fine not so sure if it turns out to be five or six billion though.ican would still be way undervalued but wouldnt sit well with a lot of investors.I just hope that he keeps his word and doesnt do a r/s
i personally think that we are looking at 5 bill os time will tell
Posts: 629 | From: new england | Registered: Feb 2005
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It could be what Qbid did. Last year they announced a stock buyback in Feb. In April when the stock ran they sold shares at the high price. In Dec when the price was at its low again they did a buy back like they said they would at the low price. But in reality what happened; they sold high, bought back low, made a profit, and the O/S ended up the same as it was in Feb 2004. But the buyback sounded good.
Posts: 35 | Registered: Apr 2005
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quote:Originally posted by bmaxingout: leardron i agree 1.5 bill would be fine not so sure if it turns out to be five or six billion though.ican would still be way undervalued but wouldnt sit well with a lot of investors.I just hope that he keeps his word and doesnt do a r/s
i personally think that we are looking at 5 bill os time will tell
I agree that when he finally ungags the TA is could be around 5B because he has said that some people will be unhappy with the O/S when the TA is ungaged. I think it will be initial "stick shock" though. Once people have all the numbers and really look at the company, they will realize that even with 5B outstanding this company is way undervalued at the current pps. The other nice thing is that he has said he is going to file by the end of the month too. So not only is the TA going to be ungaged but everyone will be able to see the books.
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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i cannot wait to see the books it will give us all a real number as to what our p/e ratio will be. imho when that happens we will be going into penny land for sure. Can you smell it sure smells like good old american green backs to me.
Posts: 629 | From: new england | Registered: Feb 2005
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one more thing if he is filing and ungaging the ta by the end of the month we could see some really big volume days.That gives everyone about three weeks to load up and gives ed a chance to buy back at .0002
good things are about to happen
Posts: 629 | From: new england | Registered: Feb 2005
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Just one word of warning. This is what he has told different investors that have called him and until it is in a PR, take it with a grain of salt. Remember this is the guy that swore to investors that the O/S was 1.5B. I don't want to get shot if July 1st rolls around and he hasn't done it, lol. I am just the messenger. I am not trying to pump this stock just trying to give everyone information. I feel very confident that he will do it since he has told multiple investors the same thing I am just throwing out my own safe harbor statement, lol. Btw, don't look for this to occur until the 29th or 30th because he wants the Memphis Hotel and Restaurant on the books before he files and he doesn't acquire that till the 28th
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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