posted
Just sold all 30000 shares at .01 made $90 May hv sold to erly didnt expect it to run the time i put the sell order in.... It sold so fast I was in shock
Posts: 1101 | From: Georgia | Registered: Apr 2006
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posted
I have been in this since march of 2005...my first stock purchase actually...I keep it mainly for the sentimental value...great to see it up a little bit...
Posts: 2741 | From: Seattle | Registered: Feb 2005
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posted
May be something up.... I had the sell order in for 30000 at .0085 and scottrade sold it for .01 Never had that to happen b4...
Posts: 1101 | From: Georgia | Registered: Apr 2006
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posted
you are right.Everybody is holding on to their shares including myself.I have a feeling something very positive is going to happen.
Posts: 107 | Registered: Sep 2005
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posted
Sent e-mail to investor relations this morning when it hit .01 and just got a response, which is good in of itself, but they said they could only tell me that good things are happening.
There is life.
-------------------- It's choice - not chance - that determines your destiny. Posts: 350 | From: Portland, Oregon | Registered: Jan 2005
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posted
Sent e-mail to investor relations this morning when it hit .01 and just got a response, which is good in of itself, but they said they could only tell me that good things are happening.
There is life.
-------------------- It's choice - not chance - that determines your destiny. Posts: 350 | From: Portland, Oregon | Registered: Jan 2005
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posted
I wish I bought more when it was at 0.004.It hit 0.012 yesterday,a 300% increase.This is the kind of action we want to see.This is just the beginning.Stock like this one can jump 10 times or more.I believe when the audit is released,we will see 5 cents or more.
Posts: 107 | Registered: Sep 2005
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posted
Good news.I asked Burmaster about ED'ownership.He said in an email that Ed owned more than 50% of the outstanding shares.That means the shares that float out there are limited,less than 90 mil shares.
Posts: 107 | Registered: Sep 2005
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quote:Originally posted by mv: Good news.I asked Burmaster about ED'ownership.He said in an email that Ed owned more than 50% of the outstanding shares.That means the shares that float out there are limited,less than 90 mil shares.
Wow you actually got a response from Wayne? I've never gotten that far.
Posts: 1295 | From: New Jersey | Registered: Dec 2004
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The company expects the audits to be completed on or before the end of the first quarter as now we are in a position to show a worthwhile balance sheet with a profit and significant equity as asset values have increased do to increased revenues. The importance of presenting the company in the best possible financial position can not be under estimated as we ready the company to move to the otcbb.
He sure was a bit off on those calculations...
-------------------- If you made money, it was a good trade Posts: 453 | From: Cleveland, Ohio | Registered: Apr 2005
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The company is in the initial stages of having an audit performed for the purpose of becoming a fully reporting entity with the intent of either becoming listed on the OTCBB or Nasdaq Small Cap Exchanges.
In has been a year and a half since they started PR-ing the audit. Seems odd that on the website the PDF file from the auditor shows it wasnt until Feb 5th 2006 that an agreement was made with an auditor. How can they be in the "initial stages" of an audit without having an auditor for a year???
-------------------- If you made money, it was a good trade Posts: 453 | From: Cleveland, Ohio | Registered: Apr 2005
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posted
short lived I guess. Is it that a PR was expected on that run and when it didn't happen it dropped back down? I really don't know what to expect when we see action like this.
quote:Originally posted by mikensay: Sent e-mail to investor relations this morning when it hit .01 and just got a response, which is good in of itself, but they said they could only tell me that good things are happening.
There is life.
-------------------- It's choice - not chance - that determines your destiny. Posts: 350 | From: Portland, Oregon | Registered: Jan 2005
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NEW YORK, Aug 07, 2006 (BUSINESS WIRE) -- IBAC Corporation (PINKSHEETS:IBCX) Chairman, Edward W Hayter, announced today that IBAC Corporation has agreed to sell all of its shares of The Royal Arkansas Hotel & Suites Inc. to its minority partner International Hotel Management for $2.5 million dollars.
Mr. Wayne Burmaster President of IBAC Corporation said, "We have confidence in the long-term goals for the business, we will use this windfall to the company's advantage either with a share buyback or investment in other assets.
Mr. Burmaster added, "The Royal Arkansas Hotel & Suites is an excellent company and we have enjoyed our relationship with it, the company paid 1.1 Million Dollars for its 51% interest in 2004 so the windfall (Profit) of 1.4 Million Dollars in less than two years represents an exceptional profit."
The transaction, which is subject the customary normal closing conditions, including attorney approval, is expected to close within the next 30 day's.
The company in attempts to fortify its balance sheets considers this move as a positive step, as now the company will own all its properties 100% with no partners, and will allow the company to grow accordingly.
IBAC Corporation is a New York-based holding company operating through its subsidiaries within the Hotel, Food Service & Restaurant industries. IBAC now has operations in Florida, Tennessee & Arkansas. For more information, please visit: www.ibaccorp.com.
Forward-Looking Statements
-------------------- It's choice - not chance - that determines your destiny. Posts: 350 | From: Portland, Oregon | Registered: Jan 2005
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posted
Guys,we may be sitting on a gold mine without knowing it.With 1.4 mil in cash and other assets,this company is worth at least 5-10 mil.At this time,the market cap is just 1.5 mil.Are we missing something?
Posts: 107 | Registered: Sep 2005
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posted
I do think the company is undervalued but the problem is the company has been saying they're going through an audit for over a year now. That and not knowing where the company debt is, is an issue for me. (don't forget the R/S a few months back)
I'm hopeful to see some major progress soon. If they buy back and produce the audit then we move well over the penny.
-------------------- It's choice - not chance - that determines your destiny. Posts: 350 | From: Portland, Oregon | Registered: Jan 2005
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posted
They may never have planned to own and keep the Royal Arkansas - especially since they never even created a website for the property. It's been under contruction for as long as they've owned it.
Posts: 1295 | From: New Jersey | Registered: Dec 2004
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Strange.Some people are buying everything under 0.008.Probably they know the audit is coming.With a profit of at least 1.4 mil from the sale of the royal Arkansas,the audit must look good.With a good audit,they will file for otcbb or even nasdaq small cap.I can't imagine how high the pps will be at that time.Ibac will be the success story in the whole wide pinkyland and everybody wants a piece of it.
Posts: 107 | Registered: Sep 2005
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posted
10 days of silence. needed to post something. .0095 - maybe a penny tomorrow?
Posts: 1295 | From: New Jersey | Registered: Dec 2004
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