12 reasons to own IOVE (vs2):
1. NAME CHANGE!
The Italian Oven, Inc. (PINKSHEETS: IOVE), a diversified holding corporation, will change its name to Accredited Business Consolidators Corp. to reflect its business model. There will be no dilution accompanying these changes. Other than a forward split and the issuance of the restricted control shares to My Pleasure Limited, the Company has not issued any new shares since 1996.”
2. RETIRING HALF OF THEIR COMMON SHARES!
“Prior to the name change, the Company will retire 1,892,100 unrestricted common shares that are held in its treasury. In addition, My Pleasure Limited, the Company's control group, will retire their 500,000,000 common shares and turn them into non-convertible preferred stock. The preferred stock will have voting rights in the Company, but they can never be turned into common shares or sold on the open market.”
3. REDUCING AUTHORIZED SHARES!
“The Company will reduce its authorized common shares to 450,000,000 from the present 999,999,999. The common stock share structure will then be 436,399,600 shares outstanding, of which 325,161,800 shares are held by DTCC and are in the public float while 111,237,800 will be in certificate form (40,691,200 unrestricted and 70,546,600 restricted).”
4. PLANS ON GIVING DIVIDENDS IN THE FORM OF SPIN-OFFS!
“The moratorium does not apply to any affiliated companies that may be issued as a dividend or otherwise distributed to shareholders during the next six months. Rather, if a subsidiary is spun off, at the time of the transaction, IOVE will release the transaction details.“
5. NO DILUTION FOR A MINIMUM OF SIX MONTHS!
“There will be no dilution accompanying these changes. Other than a
forward split and the issuance of the restricted control shares to My
Pleasure Limited, the Company has not issued any new shares since
1996.”
6.AMERICAN EXPRESS TRAVEL BUSINESS AFFILIATION SUBSIDIARY!
“IOVE today updated shareholders as to its business development.
IOVE, through Italian Oven Travel & Entertainment, Inc. and the Travel
Impressions division of American Express to provide flight and luxury
hotel packages for customers from the United States.”
7. ACER DISTRIBUTOR SUBSIDIARY!
“IOVE subsidiary Italian Oven Technologies Inc. submitted a
proposal to Acer Inc. to become a distributor of their products both
domestically and internationally.”
8. SUBSTANTIAL LEHMAN DEBT RECOVERY SUBSIDIARY!
“IOVE's Bankruptcy Claims Fund, Inc. prepared and submitted request
for notice in the Lehman Brothers Holdings bankruptcy so that it
receives the opportunity to fully participate. The Bankruptcy Claims
Fund owns in excess of $8,000,000.00 of Lehman Brothers Holdings debt
including guaranteed Capital Trust shares that trade as LEHKQ, LEHLQ,
LHHMQ, and LEHNQ.”
9. TELECOM TOOLS SUBSIDIARY!
“Telecom Tools, Inc., 45% owned by IOVE subsidiary Italian Oven
Intellectual Property Corp., continues finishing its patent
application for modifications of popular tools used by telephone
technicians.”
10. RICHWOOD VENTURES SUBSIDIARY!
“The Italian Oven Inc. (PINKSHEETS: IOVE) today released
statistical data about timber available through Richwood Eco Ventures
Inc. (REVI). REVI, Rich Corporación and TEKNISA, in conjunction with
the partnership with Deutsche Gesellschaft fur Technische
Zusammenarbeit GmbH (GTZ), received approval to extract wood from
294,172 hectares. However, Richwood has not yet built roads to access
the majority of the land. Approximately 100,000 hectares may be
reached by Richwood to harvest wood needed for orders. A full list of
woods Richwood can offer to international customers for export may be
found at www.theitalianoveninc.com/richwood.html.”
11 RETAIL SUBSIDIARY!
.IOVE owns 25% of Marilyn Boutique, officially 3-101-532180 S.A.,
which operates a popular fashion store in downtown San Jose, Costa
Rica. IOVE agreed to provided a cash investment, as well as management
and marketing services for three years, in addition to guaranteeing a
line of credit with the company's suppliers in the United States where
the majority of the clothes are imported from.
12. PAYDAY LOAN SUBSIDIARY!
IOVE agreed to provide management and business development
services to Soluciones Faciles, a payday loan business in San Jose,
for three years, along with a small investment for infrastructure
programs, in exchange for 25% of the Solucions Faciles stock.
Soluciones Faciles was chosen by www.prestamos.cr, the largest online
loan matching service for Costa Rican residents, as a provider of
loans to its customers.
It appears that if you buy IOVE now, you will get a valuable company with several different business affiliations that will grow its shareholder value and protect that value by not diluting! Beyond that, when you buy IOVE you probably end up getting dividends in the form of new shares in the spin-offs. Buy one stock now, get 3-4 more later! Buy and hold- pennies for IOVE, pennies for spin-offs, keep it all and thousands of percent return on your investment is reasonably possible!
These are my opinions, based on due diligence!
AI
