posted
nyinvest we each have the same goal .0005 maybe we should think big to glta
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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posted
I don't think they will stall the price, which means they might be buying back less than 2 billion. The reason I think that is from this quote from today's PR:
++++++++++START++++++++++
The company intends to purchase as many shares as possible on the open market over the next six months with its budget of $500,000.00 and will simultaneously reduce its authorized shares equal to the purchased shares in equal amount blocks. This process is being taken to bring the share value inline with the company's true worth.
---------END-------------
If they want to "bring the share value inline with the company's true worth" as soon as possible, they will be trying to support the price by always having a bid just under the current price. Giddy up Icans, we are going to high places.
Posts: 1468 | Registered: Jul 2005
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posted
do you guys think it will go above the .0003 that it is at right now?
-------------------- "...Luck isn't some mystical energy that ****** around the universe randomly bestowing people with satisfaction and joy. You create your own luck" Posts: 65 | Registered: Jul 2005
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posted
you know it is very simple but maybe not as fast as we want it to be our value is going up and our share count is going down. it looks like the compass is starting to point north. i hope so glta
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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quote:Originally posted by blong: do you guys think it will go above the .0003 that it is at right now?
In my opinion it depends on if he keeps the news coming. If this is it for the news for a while then it is going to sit here probably until we obtain the next sanibel restaurant.
Everyone has to remember that this thing was trading at No Bid and an ask of .0001 for a week or so. there are alot of shareholders that have bought in at those levels and are probably going to start taking their profits here. It is going to be tough to get out of this range. Like I said earlier, if we can get this beast above .0004, then it will fly.
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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quote:Originally posted by blong: do you guys think it will go above the .0003 that it is at right now?
In my opinion it depends on if he keeps the news coming. If this is it for the news for a while then it is going to sit here probably until we obtain the next sanibel restaurant.
Everyone has to remember that this thing was trading at No Bid and an ask of .0001 for a week or so. there are alot of shareholders that have bought in at those levels and are probably going to start taking their profits here. It is going to be tough to get out of this range. Like I said earlier, if we can get this beast above .0004, then it will fly.
Or if Ed can confirm if the restricted shares are still restricted - the float will be around 3 Billion right? And then it will have to fly because it is vastly undervalued at .0003
Posts: 1295 | From: New Jersey | Registered: Dec 2004
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posted
Yes, that's true too Nomar. I have a feeling though with the fact that Ed hasn't clarified what makes up the O/S and that the T/A is not allowed to give out that info, that the 10.7 Billion is the float. If I am wrong, I will be very pleasantly surprised.
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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posted
IBAC Corporation Has Entered into Preliminary Discussions for Another Major Airport Hotel & Restaurant Property Friday July 15, 9:07 am ET
NEW YORK--(BUSINESS WIRE)--July 15, 2005--IBAC Corporation (ICAN:PK) today announced that it has entered into preliminary discussions for another Airport Hotel & Restaurant property located in a major metropolitan city. The company has determined that this potential acquisition (subject to all due diligence) would be a substantial addition to the company's portfolio/inventory of rooms. The property consists of 170 interior corridor rooms and a restaurant.
The company yesterday also received its site inspection (and surrounding areas) at their Memphis property from Denny's Restaurants regarding its pending application for a franchise at that location.
"We are extremely optimistic that we will be awarded a Denny's franchise and we will fast track all contractual requirements to open up shop," said Garry Becker President of all southern operations for IBAC Corporation.
"The company is intent on becoming a major hospitality company and will continue to implement its stated objectives and goals aggressively. We will continue to communicate all company events as they unfold as the company is on a fast tract to achieve its stated goals, this is a fledging company with momentum and the future is bright. We have built this company to where it is while enduring start up costs 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, I have personally invested over 3.5M cash in this company and am the largest shareholder and I am committed to the company's success, as I have stated we will continue to grow our assets & revenues and achieve all of our stated goals aggressively," 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
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 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.
posted
I love how vague he is about the location but I can understand that. If he gave out the location, they would get bombarded by shareholder phone calls. All in all this is good news.
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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posted
I would assume its down south again. I like that he keeps expanding. Keep it up Ed!
Posts: 1295 | From: New Jersey | Registered: Dec 2004
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quote:Originally posted by Leardron: I love how vague he is about the location but I can understand that. If he gave out the location, they would get bombarded by shareholder phone calls. All in all this is good news.
Learndon, I would think that the unannounced location is to also limit the amount of interest by other companies. Ed and team have done allthe work locating the property and the last thing Ed wants is a bidding war for properties.
-------------------- A day without dreams is just a nightmare! Posts: 1702 | From: Michigan | Registered: Oct 2003
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IBAC Corporation Has Entered into Preliminary Discussions for Ano her Major Airport Hotel & Restaurant Property IBAC Corporation Has Entered into Preliminary Discussions for Another Major Airp rt Hotel & Restaurant Property
Business Editors
NEW YORK--(BUSINESS WIRE)--July 15, 2005-- IBAC Corporation (ICAN:PK) today announced that it has entered into preliminary discussions for another Airport Hotel & Restaurant property located in a major metropolitan city. The company has determined that this potential acquisition (subject to all due diligence) would be a substantial addition to the company's portfolio/inventory of rooms. The property consists of 170 interior corridor rooms and a restaurant. The company yesterday also received its site inspection (and surrounding areas) at their Memphis property from Denny's Restaurants regarding its pending application for a franchise at that location. "We are extremely optimistic that we will be awarded a Denny's franchise and we will fast track all contractual requirements to open up shop," said Garry Becker President of all southern operations for IBAC Corporation. "The company is intent on becoming a major hospitality company and will continue to implement its stated objectives and goals aggressively. We will continue to communicate all company events as they unfold as the company is on a fast tract to achieve its stated goals, this is a fledging company with momentum and the future is bright. We have built this company to where it is while enduring start up costs 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, I have personally invested over 3.5M cash in this company and am the largest shareholder and I am committed to the company's success, as I have stated we will continue to grow our assets & revenues and achieve all of our stated goals aggressively," 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
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 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.
KEYWORD: NORTH AMERICA NEW YORK UNITED STATES INDUSTRY KEYWORD: TRAVEL LODGING RETAIL FOOD/BEVERAGE RESTAURANT SOURCE: IBAC Corporation
quote:Originally posted by Leardron: I love how vague he is about the location but I can understand that. If he gave out the location, they would get bombarded by shareholder phone calls. All in all this is good news.
Learndon, I would think that the unannounced location is to also limit the amount of interest by other companies. Ed and team have done allthe work locating the property and the last thing Ed wants is a bidding war for properties.
That's true too. Didn't think of that. All though this might not be a bid situation. He might be just negotiating a deal with the owners but the same logic would apply.
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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posted
This stock goes through such volume lulls. Hasn't moved in a while. Only 26MM shares.
Posts: 1295 | From: New Jersey | Registered: Dec 2004
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posted
I just want to repost one of this week's PR's for emphasis, because I think it shows the scope of this company very well:
IBAC Corporation Reports June Revenues
IBAC Corporation (ICAN.PK) today announced revenues for the month of June for The Sanibel Restaurant Group and The Royal Arkansas Hotel & Suites of $285,525.79 combined. These revenue figures are compiled from internal company accounting/bookkeeping and are subject to audit by the company's independent accountants/auditors.
For the month, The Sanibel Restaurant Group had slight decrease in sales over last month; the company attributes this to the seasonality of the location in Florida. The Royal Arkansas Hotel & Suites had a slight gain over last month.
The Royal Arkansas Hotels & Suites expect a significant increase in revenue for July as scheduled bookings & banquets are at a five year high for July. The company also expects additional increases in revenues from its Hotel operations in July from the newly acquired Memphis Airport Hotel.
The company expects (projects) July revenues from all operations to be from $450,000 to $500,000 for the month, a major increase over last month.
The company also expects a significant increase in revenues for the fourth quarter as it will be adding the next Sanibel location in August along with the recently acquired restaurant at the Memphis location and increased bookings at its Hotels.
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
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 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.
posted
All we need now is about 400 more shareholders who are willing to be patient with the company, and hold long-term. I estimate it will take 40 more days to get us moving past 0.0003. Oh well, it gives us more time to gather cheap shares.
Posts: 1468 | Registered: Jul 2005
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posted
I had a dream about ICAN last night (does this mean I have too much invested?)
We got a R/S 1:1,000 and saw the price spike to $.30 and then slid all the way back to .0001 that same day. Everyone started screaming bloody murder and sold for whatever they could on the way down.
ICAN then applied it's $500,000 and bought most of the stock up because everyone bailed out. Because there weren't enough shares, the $500,000 didn't get spent but 1/2 the A/S were bought and retired. Since there was a lot of money left, the balance of the $500,000 was instead used as a dividend and every share got $0.02/share and then ICAN put out financials and moved exchanges. The shares spiked to $45.00 on the numbers. Everyone who sold and missed it sued ICAN and drove the price back down to .0001. ICAN sold all the assets off to another company and shareholders got $100/share. ICAN then lost the lawsuit and had nothing to pay anyone who sued them.
I'm still not sure if it was good or bad because I don't know when I got out.
Posts: 97 | Registered: May 2005
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posted
explorer how did you come up with 400 investores i have never sold one share of i can i now have 20million at an average of .0004 i would gladly be part of your 400 tell me why
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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posted
i 've still my 17m,it has been a while since i've posted something,but for me patience is the key here,my average is 0.00045
Posts: 207 | Registered: Jan 2005
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posted
The float is estimated to be 5.7 billion. 800 long shareholders holding on average 7 mil shares will lock up all the float, thus causing us to move up. I think I read on RB the company has about 350 shareholders. Subtracting MM inventory will leave us with 400 more shareholders to go before the float becomes locked. I repeat we only have a 3.25 mil market cap for a company that will likely make 5-6 mil in revenue this year. The share price will move if we work together, and show other investors you can gain by holding this stock.
Posts: 1468 | Registered: Jul 2005
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posted
explorer thank you makes sense we have some heavies here like ricpic with 94million as he has stated hes holding noah is iam maybe we can make it run
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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posted
Those who get into this company now have little to worry about dilution because the OS is already 10.7 billion (est. 5.7 billion float,) and the AS is 12.2 billion, which will be decreased by a billion. By decreasing the AS, the company is sending the shareholders a message that we want to give you value. Thus, locking up the float might be very feasible. Get them while their cheap is my advice.
Posts: 1468 | Registered: Jul 2005
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IBAC Corporation Has Entered into Preliminary Discussions for Another Major Airport Hotel & Restaurant Property
IBAC Corporation (ICAN:PK) today announced that it has entered into preliminary discussions for another Airport Hotel & Restaurant property located in a major metropolitan city.
The company has determined that this potential acquisition (subject to all due diligence) would be a substantial addition to the company's portfolio/inventory of rooms. The property consists of 170 interior corridor rooms and a restaurant.
The company yesterday also received its site inspection (and surrounding areas) at their Memphis property from Denny's Restaurants regarding its pending application for a franchise at that location.
"We are extremely optimistic that we will be awarded a Denny's franchise and we will fast track all contractual requirements to open up shop," said Garry Becker President of all southern operations for IBAC Corporation.
"The company is intent on becoming a major hospitality company and will continue to implement its stated objectives and goals aggressively. We will continue to communicate all company events as they unfold as the company is on a fast tract to achieve its stated goals, this is a fledging company with momentum and the future is bright. We have built this company to where it is while enduring start up costs 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, I have personally invested over 3.5M cash in this company and am the largest shareholder and I am committed to the company's success, as I have stated we will continue to grow our assets & revenues and achieve all of our stated goals aggressively," 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
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 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.
posted
hey ya'll good luck im holding on strong thinking of maybe adding a few more shares just to further gamble on this lil company.
19 million that are not for sale.i guess that makes me one of the 400 shareholders.i dont know about that but im willing to hang on tight for quite a while if need be.im break even @ .00035 but im lookin for above a penny.hehehe i think ican i think i may be a dreamer.
-------------------- gotta know when to hold em and when to .......... Posts: 1525 | Registered: Mar 2005
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posted
Glad you're on board noah. This company is more real than not. It has tens of millions in assets and millions in revenue. The potential gains from this are great. The only negative of this company is that it's not reporting, which it definitely should be. Once it becomes reporting we will be able to see its financial condition, and investors who don't touch pinkies will be all over it. Right now we are in a cheap share period, so its best to get them while they last. Just remember the market cap is only 3.25 million.
Posts: 1468 | Registered: Jul 2005
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quote:Originally posted by explorer186: ...this company is more real than not. It has tens of millions in assets and millions in revenue...
The asset value hasn't been disclosed. At this point, it's all guesstimation. Tens of millions doesn't sound right at this point.
The millions in revenue could be meaningless also. Profits are all that counts here. If they are spending more than they make, they won't last.
We, as investors, need more concrete information on this company. Everything looks good at face value but there isn't anything concrete to go by. It's a gamble in the dark at this point and the share price reflects the unknowns. Sometimes the best stories are nothing more than fairy tales.
Posts: 97 | Registered: May 2005
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