posted
hello I dont wanna be a pain in the neck but who has checked to see if any of these places really exist?I live in georgia maybe I go to tennessee and check
Posts: 14 | From: buford georgia | Registered: May 2005
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posted
I've been to all the Sanibel Steakhouses, they exist. The recent purchase of the Ramada exists also, otherwise Ramada.com lets you reserve a fake room.
Posts: 1295 | From: New Jersey | Registered: Dec 2004
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quote:Originally posted by ravioli: hello I dont wanna be a pain in the neck but who has checked to see if any of these places really exist?I live in georgia maybe I go to tennessee and check
Okay, I agree that some of us have jumped all over the people who are bringing up an alternative view but then you have stupid questions like this. First of all this guy is a new member and his first thing to do is to come in here and ask if we really have assets or not??? Geez talk about making absurd accusation just to stir the pot. I got to wonder what this guys agenda is, I might be paranoid but I have seen all the other guys that have questions now about the stock post before through this whole thing but I really have to question a brand new member coming on and posting this question.
To answer you question, yes we have all the assets and they are verifiable through independent sources as well as many investors have gone there. One has even met Ed at the Sanibel steakhouse and had lunch with him. I can understand people saying dilution and some other things because we just don't know until the TA is ungaged but lets don't get silly.
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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quote:Originally posted by kptmoe: i am not a basher=== i am just using my brain===buy back when it hits 000090
Okay, tell me how this makes sense. You are asking people to sell at a huge loss at .0001 (because that's where the bid is ) only to get back in at .00009. First of all that's only a 10% gain plus the person will have lost at least 50%. Tell me again how it makes sense to sell right now ?????
You can do two things right now, One is to buy more to hold and average down or buy more now to try an flip it at these levels to make some money back until we see what Ed is going to do. Personally, that is what I am going to try to do is buy some now and try to flip it a few times.
People talk about using their brain, well use it now! It is very simple what is happening right now. If you look at the chart I mentioned earlier this stock is being bought up huge time Money is flowing into this stock huge. Sense that is the case and the pps is still going down it means one of two thing. One Ed is dumped alot of shares into the market or Two, the MMs are dumping a large amount of shorted shares into the market to scare investors that don't know any better. Personally I think a little of both has been done. I think the O/S is around 5 to 6 Billion but I bet you this stock is Naked shorted up to at least 12 Billion. I heard this out of Ed's mouth himself. He said if the Noble report shows something Way out of Range like 15 Billion shares there is going to be heck to pay. To me the fact that he is saying 15 Billion is way out of range also indicates a much lower O/S.
Don't you also think it is strange that the Volume has gone bonkers since the word got out that Ed is going to ungag the TA and the pps has dropped drastically. I really think the mms are trying to shake out as many shares as possible before that happens and also have the price at a very low level so when the O/S is revealed they can buy back shares at a relatively low cost.
[ June 14, 2005, 07:40: Message edited by: Leardron ]
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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i wish i new what was up .what i do know is that this is a company with real assets that generates cash flow.we dont know if they are profitable or not .we dont know how much the a/s is or the o/s is but i was looking at the chart a minute ago and noticed yesterday was the largest one day volume that ican has ever had.something is up big time ican only hope it is ed buying up the float and a short squeeze is inevitable.with pinks though you just never know.
-------------------- gotta know when to hold em and when to .......... Posts: 1525 | Registered: Mar 2005
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quote:Originally posted by noah129: i wish i new what was up .what i do know is that this is a company with real assets that generates cash flow.we dont know if they are profitable or not .we dont know how much the a/s is or the o/s is but i was looking at the chart a minute ago and noticed yesterday was the largest one day volume that ican has ever had.something is up big time ican only hope it is ed buying up the float and a short squeeze is inevitable.with pinks though you just never know.
Actually we do know what the A/S is. It is 12 Billion. You can call the DTC to get that. It is the O/S that we don't know.
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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posted
well knowing that the a/s is 12 billion how can ican be at these prices unless one of two things is happening either market maker manipulation or dilution.we need a big pr something to force the mm's to cover if they are shorting the shi$ out of this like we think they are.
-------------------- gotta know when to hold em and when to .......... Posts: 1525 | Registered: Mar 2005
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the a/s is 12 billion that number has been confirmed by many holders. o/s is a guess and my best guess is 5 billion
Posts: 629 | From: new england | Registered: Feb 2005
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quote:Originally posted by Runamuck: I am going with 5 billion also... I dont knwo what kind of PR would make this move besides ungagging the TA
we have seen some really great prs and still no pop the only thing left is ungaging the ta and that will be happening very soon.imho when watch for the mother of all short squeeezzzeeesss im still holding for .03 and that will happen again ihmo
Posts: 629 | From: new england | Registered: Feb 2005
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posted
Folks, the best course of action is to think your investment thru. Leave your emotions at the door or they will cloud your judgement. Hear the positive and the negative with an open mind. Understand that there are way too many variables in Pennyland to know with ANY certainty that what your are being told is true or false. PR's are not written in stone. Until you have accountability, ie. full-reporting/reputable exhange, you have no way to accurately determine whether your investment is sound. When faith becomes part of your primary decision making process, you lost your objectivety. Also, understand that CEO's have alot more control over the process than we give them credit for. It's easy enough to point to NSS but it is not always the case. Gagging the TA is a choice that Ed has strategically made. Miss Lesley's theory on that seems to hit the nail on the head. "Her" posts seems quite knowledgable in the matter, in fact.
Sorry for the long diatribe. I think it was important to say.
-------------------- Just the facts, ma'am. Posts: 1083 | From: New Jersey | Registered: Mar 2005
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is anybody getting filled today at .0001 i am having trouble. i guess my short term goal on this one is trying to get filled like a lot of people at .0001 glta
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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When I decided to invest my money in the market I did a lot of researched and talked to a lot of friends. Plus I have been blessed with a heavy dose of common sense. Which will hopefully make me a good lawyer. The only thing I can do is read charts and none of the people I know can, sad really.
As for looking at an investment realistically. We are all beyond the 10% stop lost point with the stock at .0001. So why sell your shares, unless your using it to offset other capital gains that you have accumulated. If this is not the case then it makes sense to hold and not sell at a lost.
As for a spin off company, I think it might be better that he did not follow this course of action. With moving of assets and staff and stuff there is a large margin for error to made. Which in the end shaft the investor. Ed just needs to make IBAC corporation and all of its subsidiaries into fully reporting companies. And moving us from the pinksheet to maybe OTC but better yet AMEX. This way there is less of a chance for mistakes to be made. Question: How hard is it for ED and his BOD to make IBAC the company it could be compared to the cost, paperwork and time to start up a new company, transferring the assets from IBAC to the new one, then determining what IBAC shares are worth in this new company. How do we know that we would not get the shaft that way? As for re-evaluating people position in this company. I know that I did a lot of DD on this company and one of the things I like is that this company has tangible assets, so granted while it will be a pain to have to pursue if something goes wrong, then we have legal recourse. That is why I am surprised that this stock is being shorted. One would think that fact alone would make this an undesirable pinksheet to short. Besides that the CEO and BOD can be held accountable for its actions.
Finally when looking to the future of this stock: Three things have to happen in conjunction in order for the pps to move up.
1. Ungagged T/A- Knowing the share structure is important to knowing realistically what the stock is worth. 2. It is nice to know net financial numbers, but what is better is gross numbers. We need to know how much overhead and cost go into these businesses. Without these numbers the ungagged t/a helps but is not effective. 3. People need to not sell as soon as the price goes up. Granted people want to recoup there losses and possible make some dosh, however the sell off should be gradual thus allowing the stock to continue and upward price climb. Dumping millions of shares in the market, will lower the price quick.
(BTW I am not working for Ed or IBAC Corp nor and I married to him. I am not a pumper or a basher. I try and write facts and I try to be objective)
-------------------- Life does not depend on money, but it makes it a whole lot better Posts: 8 | From: New York City | Registered: May 2005
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ravioli -- I am from Memphis and I can tell you the Ramada definately exists. I have an Aunt in FL that has been to the Sanibel and she says that it is great. I haven't been to the Hotel in Arkansas but the Royal Arkansas Hotel & Suites is listed on the Chamber of Commerce website for Pine Bluff so is the Convention Center is and IBAC has the contract for that also.
I know there is supposed to be a big effort to renovate the Airport area in Memphis and if that is true this Ramada and the building for the new Sanibel are in a perfect position. They are located only 14 miles from where I live and less than 5 from the Memphis International Airport. The motel is located between the Airport and Elvis' mansion. It is also in direct route for all historical places in Memphis.
I really think this was a good move for the company and I see alot of potential. I have 3.5M and holding.
Posts: 13 | From: Memphis | Registered: Jun 2005
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quote:Originally posted by Allen: ravioli -- I am from Memphis and I can tell you the Ramada definately exists. I have an Aunt in FL that has been to the Sanibel and she says that it is great. I haven't been to the Hotel in Arkansas but the Royal Arkansas Hotel & Suites is listed on the Chamber of Commerce website for Pine Bluff so is the Convention Center is and IBAC has the contract for that also.
I know there is supposed to be a big effort to renovate the Airport area in Memphis and if that is true this Ramada and the building for the new Sanibel are in a perfect position. They are located only 14 miles from where I live and less than 5 from the Memphis International Airport. The motel is located between the Airport and Elvis' mansion. It is also in direct route for all historical places in Memphis.
I really think this was a good move for the company and I see alot of potential. I have 3.5M and holding.
Thanks for the input!
Posts: 1295 | From: New Jersey | Registered: Dec 2004
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(BTW I am not working for Ed or IBAC Corp nor and I married to him. I am not a pumper or a basher. I try and write facts and I try to be objective)
But I notice that you never say that you are NOT ED (And genuinely I just thought the absence was funny and nothing more~TEE HEE)
Thanks for your well thought out and insightful posts!
Posts: 260 | Registered: Mar 2005
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I can say one thing I looked into and that was renting the convention center for a seminar and booking the hotel rooms.
The rates were not discounted and the meals to be provided for the pine bluff region were a bit high for a normal buffet style luncheon.
The rates on the hotel were 69.99 a room and the lunch was 10.99 for a bare minimum up to 17.99 for a buffet style plate.
They never have returned a call about the availability dates I requested either.
NO I am not bashing them I am posting facts which put a distaste in my mouth from this. I am still holding my shares as I think they will be doing more asset building base.
I have left my shares and not followed in a while so hoping Ed sticks to hiw word and can do what he says he can with OUR money. I agree with Ms Lesley.
The T/A needs ungagged. Revenues and share structure needs to be brought out. More details about the Mephis deal would be nice to see since there is alot of activity going on there. Are the revenues declining because of the work there or are they increasing with traffic for the season is a question for whoever it was from Memphis out of curiousity.
Posts: 200 | Registered: Aug 2004
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A few weeks ago, when I look up the hotel on line. And I must say I was disappointed.
1. It is a 2 star hotel attached to a convention center I would think it should be at least a 3 star hotel if not a 4.
2. The web site is under construction and a month later is still under contruction.
3. When I read reviews about people's experience staying there; one reviewer wished they had stayed at the super 8. The other few reviews I could find on the net where in this vein, but I think they complimented the staff and the food.
This worried me, because this was the same history the Ramada the company was buying had. And even if this was not true with people depending more and more on the internet for help in deciding on certain places this could not be good for our profit margin.
4. Plus with the recent consert and stuff, I have not seen any new posting. I was hoping that management would have been pushing for customers to take the time to do so.
So I called IBAC corporation to ask about what was being done to improve on imiage on line and to make sure the hotel really wasn't that bad. I have yet to hear from ED or anyone from the company although I was promised a callback within 24 hours.
BTW: I am also not ED, or a friend or family member of his. Just a plain old investor.
-------------------- Life does not depend on money, but it makes it a whole lot better Posts: 8 | From: New York City | Registered: May 2005
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quote:Originally posted by Rags2BetahRags: I can say one thing I looked into and that was renting the convention center for a seminar and booking the hotel rooms.
The rates were not discounted and the meals to be provided for the pine bluff region were a bit high for a normal buffet style luncheon.
The rates on the hotel were 69.99 a room and the lunch was 10.99 for a bare minimum up to 17.99 for a buffet style plate.
well in my mind 17.99 for buffet seems normal if not cheaper then what u pay in vegas, or what u pay here in san diego, and 10.99 for bareminimum what? seems cheap to me, 69.99 is reall cheap. But i guess it is all perspective.
-------------------- Sean
M.M.M.! Posts: 8 | From: California | Registered: Mar 2005
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posted
One thing you all have to remember is that Ed is buying up "defunked" hotels and motels in good locations. Then he renovates them to make them productive again. That is what Gary Becker, the head of that division does. He has like 30 plus years experience rebuilding Hotels and restaurants.
Ed has also said that he will not buy a property that cannot currently sustain itself when he buys it. I remember reading an article on the Arkansas Hotel and they said it was currently a 2 star but the new owner is renovating it to make it a 4 star. Now I would love to see if anyone lived near there to tell me if any renovation is going on yet.
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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posted
I have called the corporate (shoudl I say the answering service) for more than 2 weeks on a daily basis to yet receive a call back from anyone.
If this was at my buy in point I would sell and not complain. Since it is the low factor it is I kissed my gains away and just figure I should sit on my shares and hope for the best that maybe someday they will be back where I bought.
I did not even get a website for the hotel given to me when I called nor the convention center. I called to book only since I am an investor. Since no call back I went ahead with another company in another area.
The promotion of the company needs some definite work and the entertainment company which promotes the concerts definitely needs to be revamped with a stronger awareness web.radio,Tv, print and corporate site. Look at all the outlets they have to create a buzz for these concerts.
Thats enough from me I am going back to my hole and shutting up and whine to myself stillgonna hold my shares though.
Posts: 200 | Registered: Aug 2004
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(BTW I am not working for Ed or IBAC Corp nor and I married to him. I am not a pumper or a basher. I try and write facts and I try to be objective)
