posted
i just started buying, .001 will be tough unless it breaks huge support, gotta trust the charts.. I was hoping you would of liked this better, but i still am alright with my buy... i think it runs before .001 though.. thanks for opinion.. i was wondering where you stood on this
posted
Well, I see it has traded at .0011, for the last 5 sessions. Might be support there? Had some huge volume on 1/17 : 33887098, and closed down a tick. It isn't quite oversold enough for my liking. It appears they aren't diluting as aggressively as they were. Guess they can only sell what the market will bear. It's not that I don't like it. I have a big problem with pinks, especially pinks that won't even publish the current O/S. We see it so often where they dilute. This CEO tasted investor's flesh, and knows how to play the game, better then most. It's not that I don't trust your skill and ability, it's the company and CEO that can't be trusted.
-------------------- A million seconds is 13 days. A billion seconds is 31 years.
IP: Logged |
The guy has been going nuts with dilution. Grant it, the last 5 days has slowed, but look at the volume difference between the 100 day avg, and 20 day avg. If the variance wasn't so huge I might believe it to be real interest and volume related to MM's manipulation of the B/A, but this appears to be pure and simple greed and dilution. It is just so difficult for me to read the volume as real interest, or dilution. Flying blind like that is unnerving to me. This game is hard enough even when you have the benefit of reading a reporting company's filings, and have a feel for what might be going on. Pinks are not for the faint of heart, you're a better man than I, cactus.
-------------------- A million seconds is 13 days. A billion seconds is 31 years.
IP: Logged |
posted
thanks will, i have the same concerns as you, it stinks like a pink.. i agree, im going on charts and a couple other indicators. I heard the same with FGFC, and i made some good money on the recent runs. honestly, i am glad to hear your opinion. thats what i was looking for, as i know you are honest.
Its always a risk when you stick your neck out, no big deal, i have done it more than once , lol I think it runs soon..
posted
Because of the low PPS and the drastic decline in price in the last 20 days, from .0025 , to a potential .0011. It seems like there is less downside risk as opposed to an opportunity of some decent gains here, especially seeing that the dilution has eased lately.
-------------------- A million seconds is 13 days. A billion seconds is 31 years.
IP: Logged |
NEW YORK, Jan 25, 2007 (BUSINESS WIRE) -- IBAC Corporation (Pink Sheets:IBCX), a Hospitality Holding Company, today announced that it has reached an agreement to sell its Florida restaurants.
The company had been in negotiations for several weeks for the sale and finally reached an agreement yesterday for an all cash price of $4,100,000 the company accepted the slightly lower price than previously announced as it was for all cash and did not involve any stock. The sale is scheduled to close within the next 30 days.
"The company expects to reinvest the proceeds into Real Estate owned properties such as more hotels or other commercial properties located within major cities across the country," said Wayne Burmaster, President IBAC Corporation.
posted
they sold the restaurant for 4.1 million and they stated they would reinvest it in their new real estate. I wish they would be honest and say they will continue to screw up and screw the shareholders and pocket the money or just waste it.
IP: Logged |
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.
SO MUCH FOR US GETTING OUR CUT!!!!! MORE LIES. I wonder if we can now sue???
IP: Logged |
IBAC Corporation Reaches an Agreement for the Sale of Its Restaurants
Business Wire "US Press Releases "
NEW YORK--(BUSINESS WIRE)--
IBAC Corporation (Pink Sheets:IBCX), a Hospitality Holding Company, today announced that it has reached an agreement to sell its Florida restaurants.
The company had been in negotiations for several weeks for the sale and finally reached an agreement yesterday for an all cash price of $4,100,000 the company accepted the slightly lower price than previously announced as it was for all cash and did not involve any stock. The sale is scheduled to close within the next 30 days.
"The company expects to reinvest the proceeds into Real Estate owned properties such as more hotels or other commercial properties located within major cities across the country," said Wayne Burmaster, President IBAC Corporation.
posted
thanks will, appreciate that. sometimes these work out, sometimes not. it hasnt made a huge move yet, but encouraging to see green. caught a lucky break with news, that helps
Given this new, what should be $4.1 million influx of cash and I see no reason for IBAC to turn down such an offer on properties where the real estate isn’t even owned and only the leases and equipment is being sold. I’m going to post the math based on a number of different OS numbers
restaurant deal value per share
if 500.000.000 OS =.0082 if 1B OS =.0041 if 1.5B OS =.00273 if 2B OS =.00205
This evaluation is based solely on the restaurant deal and does not take into account the values of the hotel so you can add to these figures as you see fit
The OS numbers used here are due to the real OS not being known at this time
I would personally give the RA hotel and Memphis hotel with attached restaurant a value of between $6 and $7 million
That gives me a minimum valuation of IBAC stock between .005 and .021 depending on what the OS is at this time!
If the Country Club deal closes the I would bring Those values up to between .0075 and .03 once again Dependent on the OS at that time
IP: Logged |
posted
i agree, thats one thing i have noticed.. seems like they have to have a mole in PR.. just my guess. that or inside trading, and then mm's sense it, hold it down during the buying, then accumulate themselves.
just speculation, im not an mm..
quote:Originally posted by will: Sometime all that volume and price decline is in anticipation of news. I have no idea how they know, but you see it ocassionally.
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Eek!]](eek.gif)
