posted
If this company is as it claims and files as such, everyone better but your seat and tray table in the upright position and fasten your seatbelt because we are ready for takeoff.
Otherwise, just put your head between your knees and... well...
Posts: 97 | Registered: May 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.
Welcome to pink sheet stocks. That is why they are pink, they don't report!
-------------------- A day without dreams is just a nightmare! Posts: 1702 | From: Michigan | Registered: Oct 2003
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posted
i must say it's been quited here the last past days,same thing with the volume,i wonder if it is not are obligation to let other people know about ican.We all would benefit.
Posts: 207 | Registered: Jan 2005
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posted
hi happy investors hows our ican folk today cheer up we know where we are now and are moving forward lets get our spirt back
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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posted
I'm afraid I'm getting sucked into the doom and gloom scenarios. Fighting off the temptation to sell. I think boredom is a contributing factor.
Posts: 97 | Registered: May 2005
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posted
yes i am tuned into that boredom factor that is one reason we play pennies is action
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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posted
I don't pay attention to it because I have some others with action, and I hope you guys have too. Even if it dips to the bottommost don't worry, the shares are being bought back and it will head up in time. Expect these pullbacks, as some people will become impatient and sell at whatever price.
Posts: 1468 | Registered: Jul 2005
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posted
the best thing to do with this one is ignore it. Move on and invest in some other plays in the meantime. As I said last week, this is going to be stuck in this range until one of 3 things happen. We get the next sanibel restaurant (which is suppose to be August or September), Ed files some financials, or he gets some other acquisition. My personal advice is if you have an average of .0002 or less and can get out without losing anything, sell now and buy back later. JMO.
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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quote:Originally posted by Leardron: ...if you have an average of .0002 or less and can get out without losing anything, sell now and buy back later...
Wish I could do that but we don't have the volume to support doing that.
I still think that there is something else going on here. This should have moved around more than it has with all the PRs. Not saying it should be higher, but at least should have seen a better volume spike.
Posts: 97 | Registered: May 2005
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posted
Can anyone tell me why VYNC.PK is selling at $12.00 a share when it is supposed to be just a shell company and not doing anything? This company started at 1.50 a few months ago went to 3.00 and is not at 12....
Posts: 13 | From: Memphis | Registered: Jun 2005
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posted
Hey Allen, I just went to their web site. It says a lot of nothing about what thy are doing. I see nothing and can find no news relating to this pps. It is very disturbing.
-------------------- Life is what happens while you're busy doing other things. Posts: 47 | From: New York | Registered: Jun 2005
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posted
Thanks Rick so there is a reason. I see it has no volume but the price goes up and down all the time and I just didn't have any idea why.
Posts: 13 | From: Memphis | Registered: Jun 2005
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posted
volume is way down but at the same time a good amount of the current volume is comingin at .0003 and i have had an order to buy for days at .0002 that wont fill.i am still sitting on 19 million that are not for sale.they may one day be at .0001 with no bid on them but i will be adding on that as well.best of luck to you.if you dont gamble how can you ever have a big win.build larger positions then you would like and sit tight just once.
-------------------- gotta know when to hold em and when to .......... Posts: 1525 | Registered: Mar 2005
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posted
we are just in a rut now the best way to get out of one is a lot of good pr and i hope ed has some coming
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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posted
There are some games being played too. The price goes to .0002 on a big trade and then back to .0003 on tiny trades (the last one was 18,770 shares or about $5.63)
I think some good concrete information will get this stock to move. Too many people playing too many games at the moment.
Posts: 97 | Registered: May 2005
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posted
IBAC Corporation Forms Two Wholly Owned Subsidiaries Monday July 25, 9:35 am ET
NEW YORK--(BUSINESS WIRE)--July 25, 2005--IBAC Corporation (ICAN:PK) today announced that it has formed two new wholly owned Tennessee subsidiaries to be used for the recently acquired Memphis Airport Hotel & Restaurant property.
The company for certain business, tax and liability purposes has formed two new Tennessee corporations; the respective subsidiaries are Memphis Airport Restaurant Group, Inc. & Memphis International Airport Hotel, Inc. The company will transfer title for the Memphis hotel (parcel 1) and the restaurant (parcel 2) to the new Tennessee corporations respectively from its Royal Arkansas Hotel & Suites subsidiary.
This action is being taken in preparation/anticipation of being awarded a Denny's franchise and other certain operational/managerial considerations.
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
-------------------- Lookin for the money Posts: 353 | From: CA | Registered: Apr 2005
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posted
I had a small sell order in at 0.0003 (1M shares) for nearly 2 weeks, just to test the water, and finally got a partial fill today (750K shares). Perhaps the the MMs are running out of shares or know a run is coming; otherwise they could just continue to buy at 0.0002 and sell at 0.0003 for an immediate 50% profit.
Did anybody else get a fill at the bid or ask?
Posts: 323 | From: Honolulu | Registered: Sep 2003
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quote:Originally posted by blong: yeah i dont think this one is ever going to move?!?
It's going to be a while but when it does, you'll want to be on board. As soon as they start reporting and finish the buy back we'll have a better idea of what the share price should be. Go back and read several pages of posts. There's been a lot of speculation, but conservatively it could bump up to between .005 and .01 shortly after reporting.
-------------------- 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 TraderTom: I had a small sell order in at 0.0003 (1M shares) for nearly 2 weeks, just to test the water, and finally got a partial fill today (750K shares)
Has anyone else been able to sell @ .0003? Had an order in for about a week now and nothing yet.
Posts: 5 | From: Seattle | Registered: Mar 2005
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Wall Street News Alert's "stocks to watch" this morning are: Quality Restaurant Ventures (OTC: QRVI), Invicta Group Inc. (OTC: IVGA), UniverCell Holdings, Inc. (OTCBB: UVCL), IBAC Corporation (OTC: ICAN) and Hawk Protection Systems, Inc. (OTC: HWPR).
Quality Restaurant Ventures (OTC: QRVI) should be appearing on the radar screen of aggressive investors and day traders this morning! Yesterday after the stock markets closed, the company issued a press release announcing a significant system-wide sales increase for 2004!
News of the increased sales should be welcomed by investors, as the company attempts to move towards profitability! The financial review by the company shows that during 2004 QRVI had a 269%+ increase in system-wide sales compared to sales made in 2003. This report is the first announcement revealing the financial impact of investments QRVI made last year in two fast-growing regional fast-food chains, Westshore Pizza and Famous Uncle Al's Hot Dogs.
The report shows that in 2003 QRVI's system-wide sales were $4,677,502 compared with $12,599,913 for 2004. While the majority of the 2004 increase can be attributed to the company's new affiliations, Sobiks Sub Shops posted a sales increase of $207,803 which is 4%+ gain in system-wide sales for 2003.
Watch this company! According to the company's press release, significant increases in system-wide sales continue to enable QRVI to enhance its operational efficiency, and ultimately the company's profitability. QRVI now provides marketing, purchasing, real estate and infra-structure services for over 70 franchisee affiliates. Each QRVI restaurant concept also has a number of new franchises in construction or under contract.
Investors should continue to monitor the progress of Quality Restaurant Ventures for further developments! Late last week, the company announced that system-wide sales for the first quarter of 2005 have increased 22+% over the same period of 2004. If the trend is continued, QRVI's annualized system-wide sales should be on track to exceed $17 million.
In case you are not familiar with the company: Quality Restaurant Ventures Inc. identifies and prepares regional restaurant concepts with high growth potential for transition into franchise opportunities. QRVI recently announced that it had begun a broad-based investor relations program aimed at clarifying the company's true value to its stockholders and the financial marketplace. The company's primary website is www.qualityrestaurantventures.com.
Stocks showing interesting activity yesterday at the close of the regular trading day were: Invicta Group Inc. (OTC: IVGA) up 106.2% on 15.6 million shares traded, UniverCell Holdings, Inc. (OTCBB: UVCL) up 10% on 19 million shares traded, IBAC Corporation (OTC: ICAN) even on 96.5 million shares traded and Hawk Protection Systems, Inc. (OTC: HWPR) up 84.2% on 4.3 million shares traded.
Commentary: "The U.S. House of Representatives pushed through an energy bill with tax-credits of $14.6 billion. Credits will be given to oil, gas, electricity and renewable energy companies. The Senate is voting on this bill on Friday. Consumers get a $2,000 tax credit if they purchased a hybrid car in 2005; since most are over-priced this may take some of the sting out of the sticker price," Stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.***********************.
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