posted
I hope those that got burned on the pump at least be able to get some kind of a bump up and some of their return back even though some had bashed me with their stupidity.
I am leaving the country soon and wont be posting again till after feb 2007 so you guys are on your own.
GBRC stil had some bounce left end of the weeek actually it had doubled the amount of dollars in the past week and I dont see it rising much at this point so be careful.It may hit a downward trend pretty quick.
I hope some took my advice and played it so that they you able to make up for some of your losses.
APT and CORT are still both playable at this point but do you own DD before you buy.This stock wont be doing anything much till after the new year if you get a rise sell and go.
Posts: 332 | Registered: Jun 2005
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posted
IBCX if it can close higher today and break .008 it could run into the ex date 12/15. Charts do look good and it's been holding strong with good volume. Next couple days will tell the tale. Back in today
Posts: 660 | From: california | Registered: Nov 2005
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posted
News out AH this looks very good as a spinoff from IBCX holders will receive shares in the new company. Great close at the hod and news should pop tomorrow. IBAC Corporation Board to Meet Monday to Review a Proposed Spin Off of Its Restaurant/Food Service Unit Dec 13, 2006 4:23:00 PM Copyright Business Wire 2006 NEW YORK--(BUSINESS WIRE)--
IBAC Corporation (Pink Sheets:IBCX), a Hospitality Holding Company, today after the bell announced that its Board of Directors will meet Monday to review and consider spinning off its restaurants and food service business to another publicly traded company.
The Board will meet to consider the mechanics of the deal and the structuring of the spin off, the company believes that this move will enhance shareholder value and grow the two companies' faster towards its stated goals and objectives. The restaurant and food service business would include the two restaurants in Florida and its interest National Hospitality Management Group (NHGM holds the contracts with the Pine Bluff convention center) in Arkansas and the Restaurant in Memphis.
The company sees the spin off as a positive move towards growth and prosperity for the company and its shareholders, the value of the spin off is set between 4.5M - 5M dollars with shareholders of record to receive stock and/or a cash dividend in the new company, so shareholders will maintain an interest in all of the assets.
"We believe that with this proposed spin off the two companies will grow at a faster pace in their respected industries, the restaurants will concentrate on new locations either by franchising or company built restaurants. The company's brand names are Sanibel-Palms Steakhouses, Cozze. IBAC will concentrate on the Hotels and Country Club & Golf Course of which is all Real Estate owned properties with a home building division being put in place and will concentrate on additional acquisitions. IBAC will continue with its anticipated move to the OTCBB with a stronger asset base," said Wayne Burmaster, President IBAC.
Mr. Burmaster also stated "that this will streamline expenses and accelerate growth as each company will operate within its selected industry. The details of how the deal will be structured and the identity of the spin off public entity will be announced after the Board meets."
Posts: 660 | From: california | Registered: Nov 2005
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posted
Depends on who wants to shake this thing. What I like about this is anyone with any decent amount of shares can crash this on a dump in less then a second.
Posts: 332 | Registered: Jun 2005
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posted
This stock has been trading fairly normally unlike some stocks which have been unmercifully taken down either by naked shorting or companies dumping shares. Hopefully this will continue with news coming up monday on the spinoff and the exdate of the 25% dividend maturing on the 15th. dec. 200 day moving avg is .008 and resistance .009 , .01 , .012 and blue sky from there up to .02 good luck
Posts: 660 | From: california | Registered: Nov 2005
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posted
This is going to tank again. Problem is pr's come out and there are never follow ups so no one knows if they are truthful or not.Look at past pr's and you will see what I mean not a single one had a follow up all talk and no action. Everything this company says and does is suspect and we will see a r/s soon take my word on it . Many people get caught by suprise. Not to mention the fraud that I believe occured by letting shares out with out holders knowing to pay the dividend that were retired during the last split. The shares need to be retired since they are not using them to purchase anything and pay the dividend that way. Anytime a company dumps shares intot he market with out holders knowing is a bad thing.
Posts: 332 | Registered: Jun 2005
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quote:Originally posted by casviper: All my bridges are half price today!!! You tell me what bridge you want and I will sell it to you today.... HALF PRICE!!!! lol
SPECIAL SALE TODAY!!!
All bridges 80% off. Just tell me which one you want to buy and its yours.
posted
Kubla this one needs a little patience the divys will be issued in the next couple days and more news to come on the spin off. Just look at the charts you can see where it has been and where it can go...bullish right now.
Posts: 660 | From: california | Registered: Nov 2005
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posted
News doesnt matter if the deals dont go through.The only spin off that we have so far is their spin in PR's. We have waited over a year for the audit to be completed that is suppose to be completed but yet we never seen it as of yet. We have a golf course thats suppose to be in the works to purchase and we havent heard about the purchase or price anymore.. The list goes on and on. I again will state that there were shares taken out of the vault to supposedly purchase the golf course as pr'd but they decided to pay cash for it? Umm How rich is this company to pay all cash for the deal and the total cost of the deal? The increase of 300m shares comes no where near the cash they are paying for anything.If the deal doesnt go through and they don't return the shares to the vault then I would have to say IMO thats out right fraud especially with the past r/s that they done to retire those shares.Again I say where is the audit and why does this company not tell shareholders exactly what they now own and the percentage of ownership and why they failed to mention they were letting those 300m shares out of the vault to begin with. If they let those shares out of the vault with out holders knowing in advance how many more will they release with out anyone knowing.I again say with all the misleading PR's how can anyone trust anything that is being PR'D. This is all suspect till we know what this company is all about.
Posts: 332 | Registered: Jun 2005
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posted
IBAC Corporation Board to Review Accelerated Alternative to Move to the OTCBB
Dec 15, 2006 11:10:24 (ET)
NEW YORK, Dec 15, 2006 (BUSINESS WIRE) -- IBAC Corporation (Pink Sheets:IBCX), a Hospitality Holding Company, today announced that its Board of Directors are meeting Monday to review and consider spinning off its restaurants and food service business to another publicly traded company, the Board at the same meeting will also vote on IBAC moving to the OTCBB via a reverse merger with an existing fully reporting OTCBB traded company.
The company believes that a reverse merger with an existing OTCBB company would accelerate the move opposed to the filing of Form 10 etc. The company is intent on getting listed on the OTCBB for the beginning of 2007.
The company sees the spin off as a positive move towards growth and prosperity for the company and its shareholders, the value of the spin off is set between 4.5M - 5M dollars with shareholders of record to receive stock and/or a cash dividend in the new company, shareholders will maintain an interest in all of the assets.
"We believe that the proposed spin off will enable the two companies to grow at a faster pace in their respected industries, the restaurants will concentrate on new locations either by franchising or company built restaurants. The company's brand names are Sanibel-Palms Steakhouses, Cozze. IBAC will concentrate on the Hotels and Country Club & Golf Course of which is all Real Estate owned properties with a home building division being put in place and will concentrate on additional acquisitions. IBAC will continue its anticipated move to the OTCBB with a stronger asset base," said Wayne Burmaster President IBAC.
Mr. Burmaster also stated "that a reverse merger with an existing fully reporting OTCBB company would be a faster way to achieve our goal of becoming a fully reporting company."
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.
-------------------- 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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IBAC Corporation Board of Directors to Move its Previously Announced Meeting from Monday 12/18/06 to Sunday 12/17/06 Saturday December 16, 4:34 pm ET
NEW YORK--(BUSINESS WIRE)--IBAC Corporation (Pink Sheets:IBCX - News), a Hospitality Holding Company, today announced that its Board of Directors will meet Sunday 12/17/06 instead of its previously announced meeting for Monday 12/18/06 to vote on spinning off its restaurants and food service business to another publicly traded company, the Board at the same meeting will also vote on IBAC Corporation moving to the OTCBB via a reverse merger with an existing fully reporting OTCBB trading shell company. ADVERTISEMENT [Blocked Ads]
The Board of Directors will be voting for what's in the best interest of the shareholders and the company moving forward.
This change in meeting dates has been prompted by a last minute event that requires the CEO Edward W. Hayter to travel out of town for a meeting on Monday, so that he may finalize an acquisition opportunity that the company has been working on for several months before years end.
The company will release the results of the meeting and the vote and detailed structure, direction as soon after as possible. Mr. Hayter will leave immediately after the meeting as the time frame for completing this acquisition before years end is imperative for tax purposes and others involved holiday schedules.
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.
-------------------- 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
Well I must say, they do have a habit of keeping people intersted these days. Hopefully Eddie has a nice Christmas present finally for his shareholders.
Posts: 1637 | Registered: Apr 2004
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IBAC Corporation Board of Directors Approve Several Issues at a Meeting Held on Sunday 12/17/06 Dec 18, 2006 1:54:00 PM Copyright Business Wire 2006
NEW YORK--(BUSINESS WIRE)--
IBAC Corporation (Pink Sheets:IBCX), a Hospitality Holding Company, yesterday Sunday 12/17/06 announced that its Board of Directors has approved unanimously to spin/sell off its restaurants and food service businesses to another publicly traded company, the Board at the same meeting also approved that the remainder of IBAC Corporation's assets and company will move to the OTCBB via a merger with an existing fully reporting OTCBB fully trading shell company.
The first action that was approved was the spin/sell off of the company's restaurants and its holdings in its food service businesses, the value of the transaction is expected to be a minimum of $4,500,000 or as high as $5,000,000 dollars with a dividend to be paid to common shareholders in the form of either cash/stock or both. The dividend will be paid to shareholders only and exclude all officers and directors of the company. The company expects the transaction to be ready to close within Thirty (30) days, at that time the company will announce the payment/dividend structure and provide the name and symbol of the new company.
The second action that was approved was the merger of IBAC Corporation and the remaining real estate owned assets and future acquisitions into a fully reporting and trading OTCBB company, the surviving entity will include all of IBAC's real estate holdings and will maintain the IBAC name and share structure. The shareholders will receive equal value in the transaction of shares of the merger.
Edward W. Hayter the CEO of IBAC and the largest shareholder in the company "said that this plan to maximize the company's asset and shareholder value going forward is the best course of action, I believe that the spinning off of non real estate owned properties and recovering as much cash as possible to reinvest in real estate owned property's and moving the company to the OTCBB are the best way to maximize shareholder value."
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
Did everyone get their 25% stock divi? I have ameritrade and just looked at my account and they are not there.
Posts: 806 | From: CT | Registered: Dec 2005
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quote:Originally posted by casviper: Did everyone get their 25% stock divi? I have ameritrade and just looked at my account and they are not there.
recieved my shares through Scottrade. There were actually in my account last night. I was very surprised since they usually take their time.
Isn't Ameritrade only allowing sells on this? Not letting anyone take new positions or am I getting this mixed up with all the others that Ameritrade was put buying restrictions on?
It's really ironic considering their present AD campaign regarding giving thier customers the independence to make their own decisions.
GLTA Wally
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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Nice Article for those interested....
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Well I must say, they do have a habit of keeping people intersted these days.![[Roll Eyes]](rolleyes.gif)
Sp what are you looking for?? Someone to stick a star on your chest. ![[Big Grin]](biggrin.gif)
