posted
Obey, I dont think there are many getting filled at .0001 I just freed up some funds and Monday I'm gonna start putting in a bid at .0001 and see if i can get some at that price. I want to see if i can make some money playing the .0001-.0002 gap. I'll let you know next week if I get a bite at .0001
-------------------- If you made money, it was a good trade
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posted
i have had an order for 3 million shares @ .0001 that has been sitting for days.i of course am trying to add to my current position.i dont know why but for some reason i blindly believe that one day ican will payoff fairly well.i have been scammed so many times in pinksheet stocks that i dont mind losing hehehe.best of luck to all you out their.
-------------------- gotta know when to hold em and when to ..........
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TOTAL AUTHORIZED SHARES AS OF 6/30/05 12,200,000,000 ISSUED AND OUTSTANDING SHARES AS OF 6/30/05 11,419,062,525
Currently almost 350k a month revenue would make them a 4.2mil company if based on sales. They currently are valued at 2.2mil. When they start bringing in a mil a month which i wouldn't see why it would be possibe then that would be good news with the outstanding shares then we could get some uptrend
-------------------- If your reading this then obviously you have time to do research before you buy or sell a stock
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quote:Originally posted by Durple: TOTAL AUTHORIZED SHARES AS OF 6/30/05 12,200,000,000 ISSUED AND OUTSTANDING SHARES AS OF 6/30/05 11,419,062,525
Currently almost 350k a month revenue would make them a 4.2mil company if based on sales. They currently are valued at 2.2mil. When they start bringing in a mil a month which i wouldn't see why it would be possibe then that would be good news with the outstanding shares then we could get some uptrend
I'm curious where you got the 350K number from? I haven't seen that one before and financial data isn't all that readily available.
Thanks!
-------------------- It's choice - not chance - that determines your destiny.
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posted
Did they really dump that many shares to O/S while promising a buyback??? Wow
As I stated before. Those are GROSS revenues not net. If 10% is profit they are lucky. So to say its a 4.2 million a year isn't right. Even if they did grow to a 1 million a month with this types of business and huge overhead they still would be only bringing in around a couple million net profit in a best case.
quote:Originally posted by Durple: TOTAL AUTHORIZED SHARES AS OF 6/30/05 12,200,000,000 ISSUED AND OUTSTANDING SHARES AS OF 6/30/05 11,419,062,525
Currently almost 350k a month revenue would make them a 4.2mil company if based on sales. They currently are valued at 2.2mil. When they start bringing in a mil a month which i wouldn't see why it would be possible then that would be good news with the outstanding shares then we could get some uptrend
-------------------- Invest with your brain not with your heart.
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posted
I dont quite understand how sometimes the price hovers at .0001 and the volume will increase by the millions and the price does not go up and no one seems to get filled at .0001
Is this some MM thing?
-------------------- If you made money, it was a good trade
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posted
Just for kicks I had a buy 20M @ .0001 as well as a sell 20M @ .0002.
No bites over the 3 days they were out there.
I'm moving on and just going to hold what I have here so far. Maybe it will move if Ed is for real. If not, I'm not sure I could even get out at this point so there isn't anything I can do anyways.
Need to find some other stocks to buy so they can go down.
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same nyinvest just going to hold my shares to hard to sell right now and who knows in 6 months maybe really have something here if ed is for real like you say
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Anyone have any level 2's for this? I dont see anything going through now that it's hit .0001 again but I would be interested to see whats waiting...
-------------------- If you made money, it was a good trade
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posted
i guess that is the descision we have all made by staying in this this long.i have 17 million and no sell orders in for this .the activity seems so boring on ican lately i think most investors just decided to move on from this stock.
-------------------- gotta know when to hold em and when to ..........
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as a matter of fact for one of the first times in my life i am almost 100% invested every thing i have bought i am going to hold for a while i am not turning and for pinks that is sure not like me usally turn and earn but every thing i own just seems to stay there wiyh very little movement glta and that includes the 20million share of this
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right on bond keep the faith i like that style.right now for me as well i am fully invested and not flipping any of my pink sheets stocks or options plays im in.i may be crazy but im holding on for the long hual.
17 million long and strong plus an open order to buy at .0001 still not filling if that says anything to you out there.
-------------------- gotta know when to hold em and when to ..........
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I've had a buy order in at 0.0001 for about 10 days, which has not been filled. I'm sure only MMs are getting filled right now - they buy at 0.0001 and sell at 0.0002.
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I wonder if the MM's are trying to buy to cover the NS? Maybe we are about to see the upward movement that this company should have....
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I take a week off and nothing has changed I see. The Denny's news sounds like a good move but still we sit. Please someone tell me why I'm holding this again. If I wanted this kind of torture I could have bought PRRM. LOL! Damn this is discouraging.
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posted
I dont know exactly whats going on. I see millions of shares trading every day at .0001 but none of us get filled. I think once this plays out things will get better. I wish I could say when but with all the assets these guys have the price will have to go up sooner or later.
I still see huge potential for this one someday. I'm in for the long haul, I want these guys to pay for my sons college education, he's only 13 weeks old so I have plenty of time.
-------------------- If you made money, it was a good trade
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posted
IBAC Corporation Retires 625M Common Shares & Approves Additional Share Buyback Business Wire - July 13, 2005 16:09
NEW YORK, Jul 13, 2005 (BUSINESS WIRE) -- IBAC Corporation (ICAN.PK) today announced that 625,676,008 Million Common Shares have been retired effective at the opening of business tomorrow. IBAC also announced that the company has approved an additional buyback of up to $500,000.00 of its common stock on the open market over the next six months.
The company has budgeted the $500,000.00 over the next six months out of operating revenues and does not expect it will cause any adverse effect on operations. The projected revenues for July at The Company's Royal Arkansas Hotel are expected to be at a five year high along with better than expected revenues of the recently acquired Memphis Airport Ramada along with other company operations, the company feels that the budget is achievable.
"The company will continue to implement its aggressive growth plan while enduring start up and rapid growth pains, in just nine short months the company has gone from a dormant non operating company to over 100 employees in three states, we will continue to grow our assets & revenues and achieve all of our stated goals." Said Edward W Hayter President & CEO of IBAC Corporation
About IBAC Corporation:
IBAC Corporation is a New York-based holding company operating through its subsidiaries within the Hospitality, Food Service & Restaurant and other industries. IBAC now operates businesses and employs over 100 people in Florida, Tennessee & Arkansas that includes a 200 room full service hotel, 127 room limited hotel, 7 restaurants/lounge (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.
IBAC operates through its subsidiaries, The Sanibel Restaurant Group/The Royal Arkansas Hotel & Suites/National Hospitality Management Services/Monarch Entertainment Group Worldwide; IBAC intends to grow aggressively throughout the next three years, through acquisitions, mergers and the building of new establishments. Visit the company website at www.ibaccorp.com
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