quote:Originally posted by dodint: Well, I ended up getting in at .0007 this afternoon. Still higher than I would've liked but at least I got in at a position I'm comfortable with. I'm looking to hold long so this should be exciting to watch.
An interesting question, though. If they do give dividends in the from of spin-off stock, what's the incentive not to sell off the ICAN stock immediatly? And when it does dip (it's seems logical that it will) how long should it take to rebound?
It will rebound when they get close to spinning off the next asset, which will probably be the Pine Bluff Hotel and convention center but they will be down the road a bit. What will keep ICAN from dipping too much is the fact that people will be waiting for the next spinoff. That's the beauty of Ed's plan. He starts all his acquired assets in ICAN to spinoff later which means ICAN will always be worth keeping to get the spinoff shares.
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I'm not saying it's a bad thing, or trying to undermine anything you've said, but won't that perpetually hold down the ICAN stock and the risk now is put on the shoulders of these spin-offs?
That said, I'm still long-term holding. I'll probably even add to my position if it dips before going up again.
I'm relatively new to this, and am just naturally curious and learning. Please, anyone, don't take this as any kind of investment advice.
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Ok people we have another interesting day about to develope in our lil ICAN stock here.
Spoke with Ed Hayter as I usualy do on a day to day basic and he is very happy with the outcome of the Paltalk interview. Many new shareholders have entered the sceen and ICAN is getting some of the recognition it deserves.
For those who started buying here when the thread went up. This is now a 166% gainer and the best is still yet to come.
The OTCBB spinoff move could come fast than many assume.
Both the spin off and ICAN will have sufficiant assets and revenues to make them valuable investments.
Don't be surprised if we see PR of some kind today!
Ed has stated that the OTCBB spinoff will come quick so as to give those investers already owning ICAN shares the maximume benifit out of there continued support of the company. In other words if you don't own shares when it happens you may not be privy to it.
Great job Ricpic! I was wondering there was going to be a link to the interview. I highly recommend anyone who has any questions about this stock to listen to the interview first. I was hoping Ed would put out a PR about the interview and posting a link to the transcript or recording.
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Yaya read all the thread you will find out your answer. There is no such thing of reverse split in the mind of CEO. Au contraire he is buyback 500M of shares. At .0008 still a good entry point.
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IBAC Corporation Subsidiary Secures Additional Credit Facilities for The Royal Arkansas Hotel & Suites Business Wire - February 24, 2005 08:58
PINE BLUFF, Ark., Feb 24, 2005 (BUSINESS WIRE) -- IBAC Corporation (Pink Sheets: ICAN), two leading financial services companies have provided The Royal Arkansas Hotel & Suites, Inc. additional credit facilities creating a combined $1 million dollar credit facility available to the company, to be designated as a standby working capital line of credit and a new term loan.
"We are pleased to enter into a new banking relationship with Simmons First National Bank and our continued relationship with Zions National Bank, our company is very pleased with the additional credit facilities as this will help us foster our growth, we are firm believers in the value of securing debt capital as an adjunct to equity financing, so we are delighted to have received these additional credit facilities, we considered a couple of alternatives when it came to choosing banking partners, but we came to the conclusion that these financial institutions are the right institutions for us," said Gary Becker, President The Royal Arkansas Hotel & Suites.
The company has retained the Reed Architectural Firm to design certain exterior and interior upgrades to the Hotel & Restaurants, a new state of the art ($75,000.00) phone system has also been recently installed and bids are being excepted for 300 new televisions and other upgrades as part of an ongoing project to enhance the property value and provide maximum comfort for our guests.
About The Royal Arkansas Hotel & Suites
Pine Bluff`s only full service hotel. The Royal Arkansas Hotel & Suites features a beautiful 5 Story Atrium Lobby, 200 Over-sized Guest Rooms that feature King or Twin- Queen Beds plus Suites with Microwaves, Mini-Refrigerators, Hair Dryers, Irons, Ironing Boards and Coffeemakers. The Hotel features all day Dining in its Lobby Restaurant and also opening soon an Italian Restaurant & Steakhouse, plus a Lounge open nightly (except Sundays) and an Indoor Pool. The Hotel was built in 1989 by Kemmons Wilson the founder of Holiday Inn. And is part of the Pine Bluff Convention Center Complex.
About IBAC Corporation
IBAC Corporation, a food and beverage services/restaurant/hotel holding company based in New York, NY. Operating through its subsidiaries, The Sanibel Restaurant Group and National Hospitality Management Services and The Royal Arkansas Hotel & Suites IBAC intends to grow aggressively throughout the next three years, through acquisitions, mergers and the building of new establishments.
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 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.
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It's a red flag whenever the CEO starts making statements like the PPS should be .03 when the current PPS trades in the .0003-.0008 range, remember the MLON scam ? The SEC just might suspend these guys if they continue to send out meaningless fluff pr's. .03 can't happen unless there is an R/S. This may end up a worthless shell, like GXXL, if and when the hyped up spinoff happens.
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IBAC Corporation Subsidiary Secures Additional Credit Facilities for The Royal Arkansas Hotel & Suites
PINE BLUFF, Ark.--(BUSINESS WIRE)--Feb. 24, 2005--IBAC Corporation (Pink Sheets: ICAN), two leading financial services companies have provided The Royal Arkansas Hotel & Suites, Inc. additional credit facilities creating a combined $1 million dollar credit facility available to the company, to be designated as a standby working capital line of credit and a new term loan.
"We are pleased to enter into a new banking relationship with Simmons First National Bank and our continued relationship with Zions National Bank, our company is very pleased with the additional credit facilities as this will help us foster our growth, we are firm believers in the value of securing debt capital as an adjunct to equity financing, so we are delighted to have received these additional credit facilities, we considered a couple of alternatives when it came to choosing banking partners, but we came to the conclusion that these financial institutions are the right institutions for us," said Gary Becker, President The Royal Arkansas Hotel & Suites.
The company has retained the Reed Architectural Firm to design certain exterior and interior upgrades to the Hotel & Restaurants, a new state of the art ($75,000.00) phone system has also been recently installed and bids are being excepted for 300 new televisions and other upgrades as part of an ongoing project to enhance the property value and provide maximum comfort for our guests.
About The Royal Arkansas Hotel & Suites
Pine Bluff`s only full service hotel. The Royal Arkansas Hotel & Suites features a beautiful 5 Story Atrium Lobby, 200 Over-sized Guest Rooms that feature King or Twin- Queen Beds plus Suites with Microwaves, Mini-Refrigerators, Hair Dryers, Irons, Ironing Boards and Coffeemakers. The Hotel features all day Dining in its Lobby Restaurant and also opening soon an Italian Restaurant & Steakhouse, plus a Lounge open nightly (except Sundays) and an Indoor Pool. The Hotel was built in 1989 by Kemmons Wilson the founder of Holiday Inn. And is part of the Pine Bluff Convention Center Complex.
About IBAC Corporation
IBAC Corporation, a food and beverage services/restaurant/hotel holding company based in New York, NY. Operating through its subsidiaries, The Sanibel Restaurant Group and National Hospitality Management Services and The Royal Arkansas Hotel & Suites IBAC intends to grow aggressively throughout the next three years, through acquisitions, mergers and the building of new establishments.
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quote:Originally posted by stockguy123: It's a red flag whenever the CEO starts making statements like the PPS should be .03 when the current PPS trades in the .0003-.0008 range, remember the MLON scam ? The SEC just might suspend these guys if they continue to send out meaningless fluff pr's. .03 can't happen unless there is an R/S. This may end up a worthless shell, like GXXL, if and when the hyped up spinoff happens.
Unless you have some specific information to back up what you are saying, you words are meaningless. I could sit here an say look at QBID which was at .0001 and rose to .028 within 4 months so that is what is going to happen here but that would be as irrational of a statement as yours. GXXL and MLON are nothing like ICAN and if you bother to listen to the recording you would see that these PRs have substance to them because they relate directly to his business plan. Don't just make blanket statements because you are mad that you sold and are hoping the price will drop to get back in.
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Hey Ari, I re-listened to the interview and your were right. The Ft. Myers Sanibel restaurant is what is already up $50,000 in revenue for the year, not the Hotel. My mistake:).
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quote:Originally posted by tntrader: Buying opportunity.
It would be if you could get in, I think it is MM manipulation at this point. I have had an order in at .0007 since the market opened and it hasn't filled yet. I think you can only get in at .0008 right now.
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quote:Originally posted by dellamorte dellamore: Still holding for .0005 . If people keep chasing it , the reeses guys will get an attitude and keep the ask at a certain point .
Not to be inconsiderate, but I hope it never gets filled
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