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It is dead but it actually has assets and revunues, got some at .0002 a while back and holding
IBAC Corporation is a New York-based restaurant & hotel holding company operating through its subsidiaries within the Hospitality, Food Service & Restaurant industries specializing in distressed/turn around situations within the industry. IBAC now operates businesses as the majority owner with over 100 employees in Florida, Tennessee & Arkansas. Visit the company website at www.ibaccorp.com.
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Group can't play this. There are way to many shares outstanding to make this rise. You would need a massive amount of players to get this to rise decently. Now if you put enough players togther you can rock it slightly. Problem is so many people have this holding that even the groups would be at risk for a significant loss as soon as it starts to rise. The best thing to do is buy low and hold if youi believe in long term investments but only if you can afford it should a reverse split happen which I am almost certain will take place.
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posted
Group can't play this. There are way to many shares outstanding to make this rise. You would need a massive amount of players to get this to rise decently. Now if you put enough players togther you can rock it slightly. Problem is so many people have this holding that even the groups would be at risk for a significant loss as soon as it starts to rise. The best thing to do is buy low and hold if youi believe in long term investments but only if you can afford it should a reverse split happen which I am almost certain will take place.
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quote:Originally posted by ShortTermMemory: It is dead but it actually has assets and revunues, got some at .0002 a while back and holding
IBAC Corporation is a New York-based restaurant & hotel holding company operating through its subsidiaries within the Hospitality, Food Service & Restaurant industries specializing in distressed/turn around situations within the industry. IBAC now operates businesses as the majority owner with over 100 employees in Florida, Tennessee & Arkansas. Visit the company website at www.ibaccorp.com.
Ican is a distressed stock made that way by its CEO Ed Hayter. There's value in this stock we need investors that can see the upside of taking over this company. Investors along the lines of Berkshire Hathaway Inc. This company needs to change hands by any means necessary.
So Warren Buffet and Charlie Munger take over this company for sub-pennies on the dollar. LOL
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