quote:Originally posted by MrsRuth: Well I have to get back to finishing my business plan.. I have an opportunity to open a day care center…. That is if I can find some crazy person to loan me $400,000.00 for the next 10 years… Not sure if offering a profit of $200,000.00 at the end of the 10 years will raise any potential investors?? Any thoughts?
You've got a PM
-------------------- It's choice - not chance - that determines your destiny.
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posted
Its Friday!!!!!! Means half of the children that I normaly have the next 2 days. And as a bonus I dont have to get up at 5am heheheheh Yesss I love Friday's
-------------------- You can learn many things from children.......... How much patience you have, for instance. Wealth and children are the adornment of life. I have 5 children and 32 day care children now working on the wealth part. heheheh
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Mike hun you have a PM sorry I missed yours yesterday.
-------------------- You can learn many things from children.......... How much patience you have, for instance. Wealth and children are the adornment of life. I have 5 children and 32 day care children now working on the wealth part. heheheh
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Nah how about .0152 - .02 that looks possible...? lol
-------------------- You can learn many things from children.......... How much patience you have, for instance. Wealth and children are the adornment of life. I have 5 children and 32 day care children now working on the wealth part. heheheh
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I don't believe one more rs is necessary.We are ready to move on to otcbb now.I expect more good news coming soon and the pps will pop.Management sees investors'confidence is gradually coming back.They don't want to blow it this time because that means the end of Ican.It can only be good from this point on.
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I like your outlook, mv, but where do you see that the "Management sees investors' confidence is gradually coming back."?
I'm not convinced until I see that they have applied to move to otcbb and also see the audited financials. They said by the end of first qtr. Hopefully they bring it through.
But for there to be much more interest this thing needs to get past the two lines many investors draw (above $2 and then above $5)
For that to happen they either need to R/S or show one hellova balance sheet.
glta
-------------------- It's choice - not chance - that determines your destiny.
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I have to agre with milkensay as thats been my thought all along. So far my predictions were pretty much on target. My only thought now is whether or not I should jump on another load of this stuff before they make there next move.
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COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
IBAC Corporation Holds Talks to Acquire Additional Eight Steakhouses in the Northeast Region
NEW YORK, Mar 20, 2006 (BUSINESS WIRE) -- IBAC Corporation (PK:IBCX) announced that the company has held discussions to acquire eight additional steakhouses in the Notheastern part of The United States from two separate parties to be named at a later date. The Steakhouses operate similar to the Outback/Lone Star Steak House operations and operate in the states of New York, Vermont, Massachusetts and Connecticut. The combined revenues represented by this potential acquisition would represent 18 to 21 Million Dollars per year in additional revenues to the company.
IBAC Corporation operates Hotels & Restaurants with over 125 employees in three states Tennessee, Arkansas & Florida with revenues for 2005 of 4.5 Million Dollars if the company is successful we will add an additional eight restaurants and over 200 employees.
"With the required due diligence involved in any acquisition or merger, we will not yet name the candidate until our review of the company's inventory, assets, financial statements is complete and a definitive agreement is signed. We do however, wish to inform our shareholders of this potential acquisition, given the potential impact on operations," stated, Wayne Burmaster President and COO. "We expect the due diligence process to be completed in sixty days and, pending a favorable outcome, a definitive agreement would be entered into immediately."
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 as the majority owner with over 100 employees in Florida, Tennessee & Arkansas that includes a 200 room full service hotel, 127 room limited hotel, 4 restaurants/lounge 10,000 sf of banquet space and the exclusive concession, food, beverage & catering contract with the Pine Bluff Convention Center.
Certain statements in this release, and other written or oral statements made by the Company, including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The Company assumes no obligation and does not intend to update these forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, without limitation: competitive and general economic conditions, adverse effects of litigation, the timely development and acceptance of our products and services, significant changes in the competitive environment, the failure to generate or the loss of significant numbers of customers, the loss of senior management or increased government regulation.
KEYWORD: United States North America Connecticut Massachusetts New York Vermont INDUSTRY KEYWORD: Retail Restaurant Specialty Construction & Property Commercial Building & Real Estate
posted
good question, but whatever the answer is, 18-20 mil revenue is a big increase from 4.5, hmm, i just wish they would update their website, maybe they are working on it
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Nomar - Do you think they are going to pay cash for these acquisitions? Still $24,000,000 in a down payment is a large chunk of change.
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of course i dont think they are going to outright buy it. but what bank would loan money to a company if they are stretched paper thin? leads me to believe their books look better than perceived.
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They would loan money to a company based on the acquisition. If IBAC, Corp actually knows what they are doing this new acquisition would be formed under a new LLC. If IBAC can somehow come up with $24,000,000.00 then I'm sure a bank would loan the rest based on the value of the properties and income.
IMO, we will hear a few weeks from now that the company decided to buy only one or two of said restaurants. They don't have the cash for a down payment that size and this is just another PR that references only intent, not actual completed acquisitions.
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I like the news but I'm with you ACKCANE, they're really good at pr'ing their intent to acquire but not going through with it.
As far as getting the loan, don't forget the connections with Turner Hughes. I'm sure there are some loans that could get them what they want especially if they can get the value of the operations to be 15% higher than the sales price.
-------------------- It's choice - not chance - that determines your destiny.
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These guys still need to pay $166,846.84 to DE state as Tax Due. and also their tax status is DELINQUENT. They need to pay, no idea why didnt pay the tax.
-------------------- Do not believe in anything simply because you have heard it or it is spoken and rumored by many. But after observation and analysis,when you find that anything agrees with reason And is conducive to the good and benefit of one and all, then accept it
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go there and type IBAC and check status, you need to pay $20 to get full report about this guy. they said total authorized shares 500 Mil. but they filed 520 Mil (they are still lieing to shareholder for the additional 20Mil). I havent check the 200Mil things( they said, they reduced the AS to 200mil)
-------------------- Do not believe in anything simply because you have heard it or it is spoken and rumored by many. But after observation and analysis,when you find that anything agrees with reason And is conducive to the good and benefit of one and all, then accept it
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personally i hope within 2 months ibcx would be around 0.04-0.05,maybe i'am dreaming,but so far things are looking really well after the r/s. i guess, it will depend on the move for the otcbb board should be nice to have a little profit after 1.5 year full of hope and frustration
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going north,any opinon what the pps will do after the dividend
