IBAC Corporation Responds to Shareholders Questions Regarding the Upcoming Share Dividend & Share Reduction 11/22/2006
NEW YORK, Nov 22, 2006 (BUSINESS WIRE) -- IBAC Corporation (Pinksheets:IBCX) a Hospitality Holding Company responds to shareholders regarding today's announced share reduction and the impact on the previously announced dividend.
The 25% free trading share dividend will be given to shareholders of record on December 1, 2006 and paid December 15, 2006. The reduction of authorized shares from 500 Million to 350 Million shares factors in the payment of the dividend.
Shareholders who may have any further questions or concerns regarding these matters may contact the company at 1.718.891.8188
This press release does not constitute an offer of any securities for sale. This press release contains certain 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. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
posted
You guys are nuts to be in this. someone wil get burned very quickly if you dont keep your finger on the trigger every moment. There is another post for this stock here and I'd advise you all to read it before you get burned. Not a stock to play with at all unless you got it to loose.
Posts: 332 | Registered: Jun 2005
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posted
IBAC Corporation Responds to Shareholders Questions Regarding the Upcoming Share Dividend & Share Reduction
Nov 22, 2006 13:03:15 (ET)
NEW YORK, Nov 22, 2006 (BUSINESS WIRE) -- IBAC Corporation (Pinksheets:IBCX) a Hospitality Holding Company responds to shareholders regarding today's announced share reduction and the impact on the previously announced dividend.
The 25% free trading share dividend will be given to shareholders of record on December 1, 2006 and paid December 15, 2006. The reduction of authorized shares from 500 Million to 350 Million shares factors in the payment of the dividend.
Shareholders who may have any further questions or concerns regarding these matters may contact the company at 1.718.891.8188
This press release does not constitute an offer of any securities for sale. This press release contains certain 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. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
posted
IBAC Corporation Updates Status of Audited Financials
Nov 21, 2006 10:04:39 (ET)
NEW YORK, Nov 21, 2006 (BUSINESS WIRE) -- IBAC Corporation (Pinksheets:IBCX) announced today that it has a final draft of its audited financial statements and after review will release them to the public.
"The company and the shareholders have waited a long time for this moment and we are now very excited that now we will be able to become a fully reporting company and file to move up to the OTCBB." Said Wayne Burmaster President
This press release does not constitute an offer of any securities for sale. This press release contains certain 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. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
posted
if you read understand this stock you will se the there was an incrase of shares to 500m after they said no more shares to increase and did so with out saying anything. Now what you got is more shares out there that they are using to give the dividens with so there really was never a reduction in shares to begin with which I believe was a false P.R. After the shares are given I still see another r/s comming as that has been the norm for this company.I dont mind ther pumpers on here since I own a lot and will dump as quick as i can I just dontthink that we should have 2 seperate posts on this board where one is only pumping. as i stated earlier in the day that this will drop to last weeks low and it has already started to do so.Hope no one got burnt today .Those that are pumping I'd be real careful that your not the one to get burned as many of us who been in this for years have a lot to dump ourselves at any given time.
Posts: 332 | Registered: Jun 2005
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posted
Why two threads? Anyway I think it is too late to get in now. If you do it is a BIG gamble. jmo. GLTA
Posts: 1178 | From: Mobile, AL | Registered: Aug 2005
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posted
YOU SAY - This could see several dolars very quickly amanick Member
Member Rated: posted March 23, 2006 11:43 AM -------------------------------------------------------------------------------- I agree with the PR's on purchases or attempts to purchase. This company has a habit or releasing info before the deal is even inked which I dont belive is in their best interest.If what they are saying is true then no doubt this will make this stock very valuable. But a lot of the deals they look at probably are not feasible once they really look at the whole picture.I am still not understanding why they bought a finance company rather then do a bigger buy back rather the the r/s. Im hoping that they use the finance company to lower there interest cost on the purchases to finance the other projects that they are / will be working on. My prediction is that once this gets to the other board it will take a year or two before we see any significant gains. However if this does go according to thier plans if they stay with it and no more false PR's This could see several dolars very quickly -------------------------------------------------------------------------------- Posts: 189 | Registered: Jun 2005 | IP: Logged |
-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT! Posts: 9276 | From: San Diego CA | Registered: Jul 2006
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
Audited financials rumored to be out on monday, combine thta with 25% dividend for shareholders as of dec 1st, and reduction in A/S....oh yea just the beginning IMO
-------------------- Disclaimer: Not accountable for anything I say Posts: 6266 | Registered: Jun 2004
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posted
Whose to say that email actually came from Wayne? I've been in IBCX for over a year now and no one ever responds to my inquiries. The only responses I ever get are generic and never personal. I wouldn't bank on the audit coming out on Monday.
Posts: 1295 | From: New Jersey | Registered: Dec 2004
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quote:Originally posted by NomarKash: This thing is going to struggle to get over a penny and stay there.
quote:Originally posted by Prdponce: i think it will be higher IMO
Like I said. This couldn't stay over .01 on Wednesday and it won't stay over .01 today. Huge manipulation going on. IBAC has never come through with their PR's. I'm not bashing, just stating facts. I've been a long time holder...
Posts: 1295 | From: New Jersey | Registered: Dec 2004
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quote:Originally posted by NomarKash: This thing is going to struggle to get over a penny and stay there.
quote:Originally posted by Prdponce: i think it will be higher IMO
Like I said. This couldn't stay over .01 on Wednesday and it won't stay over .01 today. Huge manipulation going on. IBAC has never come through with their PR's. I'm not bashing, just stating facts. I've been a long time holder...
Well with a 25% dividend coming on i wouldnt be so sure...
-------------------- Disclaimer: Not accountable for anything I say Posts: 6266 | Registered: Jun 2004
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posted
It sure looks like the market is reacting favorably to the email regarding the financials. Although the company may not have followed through on PR's in the past, it sure looks like they are working hard to correct that and move forward. There was a time when AMHD was in the same boat, trading at .003's, no one wanted to buy it because the follow through on PR's was virtually non-existant. Look at AMHD today, a year later, trading at .02 area and recent PR's have all been on the money. Expecting AMHD to continue climbing as well as IBCX.
-------------------- FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of. YahooIM=FurrySound Posts: 2170 | From: Pennsylvania, USA | Registered: Mar 2004
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posted
I think that if the audit came out on Monday and this was good we would be already in 0.02 at least
Posts: 18 | From: Valencia | Registered: Dec 2005
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-------------------- FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of. YahooIM=FurrySound Posts: 2170 | From: Pennsylvania, USA | Registered: Mar 2004
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posted
Awesome close. Hopefully the AF come out Monday.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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