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I am based in Switzerland......sorry have not much possibility to file a complained with the IRS...but having lived in the US for a few years , it is common knowledge to me that matters with the IRS is, for a US citizen quite easy to follow up to...they love whistle blowers...and those guys, Hayter and Burmaster do not seem to be that bright people...so they might just not , only cheat investors, but might be in big trouble, unknowingly with the IRS??? After all the "sales" are all documented via the Internet PR's, no hiding that anymore..!
Another thought that might be interesting for the IRS..if they "sold" the restaurants to the new entity for 4 + millions......even if it was just a transfer to another company, but they stated that it was a sell, wouldn't they have to pay capital gains taxes, for the HUGE gains they made on those worthless properties???
Lets get the IRS on their back too.....at least they lock them up faster..?
I guess they have some new recruits ...or its Burmaster himself..as he tells us that IBCX is a dead dog...so guess he knows the whole story already...as we the "shareholders" still are assumed to have our information from the PR's, which clearly indicate that IBCX has 4 million in their (our) company..LOL
LOL...yep...I would even pay to be in the room with some of these CEO's...
Yes..the difference is that in old days , there was a law for this..highway robbery and one was being hung for that..!!!
good old times...LOL
Thats interesting Lobster...seems that for the last year only scams on the pink sheet...changed a lot IMHO...guess word spread around with the crook how easy it is, to get to tons of money without even committing a bankrobbery...
I would vote for forbid any NON reporting company to have access to a trading platform hence to rob gullible peoples money....
even not so gullible ones..lol
sonystyle ..you should not bash the company on which payroll you are on!!!
frankie filet...you got it...this is done with, we got creamed , its a scam...I had sold 70% of my holdings 0.004 and the rest are freebies...still makes me mad how these companies go about scamming investors money....here is what is going to happen here in my opinion........same like ADNN (formerly ADNL) or IBCX (formerly ICAN) and many HUNDREDS of pink sheet stocks..
1. company dumping BILLIONS of shares into fluff (flat out lies) PR's..nobody knows because non reporting has no obligation to report any dilution. Transfer agent gagged.
2. Reverse split with Symbol change..will happen soon here!!
1: 1000 or 10'000 ?
3. Pr with new contracts , new offices opening etc. acquisition
announced of a well, unknown, company (probably in Miami Beach
where the new office will be opened) LOL
4. Transfer agent still gagged....hmmmm
5. company announcing expansion of "business" to china..LOL
CEO is touring China, the South Pacific for further expansion to open printing kiosks...he will be back in 1/2 a year.....LOL
Well done !!!! thanks...
hey all..how come that I just a few minutes ago searched for PRSU on IHUB and Mighty Mouse (FIRM) moderated board came up..but I could not access any messages...and now tried again and this board only shows up...has it been deleted already again...??
will look for PRSU on other message boards...
You will sure be able to buy at 0.0001...but no chance to ever be able to sell them at ANY price anymore...!!!!
NO HOPE...stay away...TOTAL SCAM....gangsters have taken the money and are running towards the next bank (shareholder) robbery..
This is an interesting part of the 10Q
The Company recently was awarded a contract from AT&T/SBC to develop next
generation voice activated remote controls for set-top box devices. This
contract is initially to develop several prototype remote control devices with a
potential production contract in 2007. This initial contract is a milestone for
our company which we believe proves that our technology is in-demand by
significant customers and in conjunction with our pending patent in this area of
remote controls. Our goal is to create a market for voice enabled remote control
devices used for voice commands and VoIP (Voice-over-IP) communications (example
Skype and Vonage) that are covered in our pending patent and to license this
technology to remote control device manufacturers for use with CE devices, cable
and satellite set top boxes and Media Center computers.
CLBE is NOT a pink stock..eom
hey sidestyle..L2 on a pink sheet does not mean sh...the only indicator on a pink would be the T/S list...which I have been following every day..as you know I have been in this for a long time..well I could , but do not want to argue with you as I have still a position....I want it to go up, same as you..:):)
good luck..
I have been in MLXO for over 1 year..and the volume speaks for itself..huge dilution...volume is the evidence mate...
we are getting creamed here...mark my word...
because they are diluting us like hell...thanks MLXO..
have been in this for a long time..unfortunatly..this is done..another pinky bites the dust...!!
hey mighty mouse...still on the bankroll of Hayter? well this is one of the biggest scams in the pink arena..and has been for years!! and amazingly they are still not being stopped and put to jail...guess we will take justice in our hands??? tell that your friends at IBAC/IBCX we are on their tails...no get away anymore...!!!
Yes just ignore the truth...even if it slams right in your face..like it does now again with ADNN...its sad but true..its all about losing money for the people who put money down in ADNN...same pattern like before the HUGE reverse split..
Well below 55 cents ..soon that is for sure..sorry for you if you are still a believer here..anyhow, wish you good look..
What keeps surprising me is that a company that puts out deceptive PR's and at the very same time prints billions of shares hence the PPS goes to 0.0001 and the investors money is down the drain, is not called a scam...LOL any idea how many billions are out on IMJX..LOL ????
Why don't you just send the money into the bank account of the "management" for private spending..you would save the money for the brokerage...same result in the end..LOL
So easy to be a legal crook..no bankrobbery involved anymore..just open a pinky sheet company and fleece the money from gullible people..90% get away with it..LOL
NEWS..we are all rich !!! LOL
IBAC Corporation Completes the Sale of Its Florida Restaurants and Now Is Poised to Take New Direction
Apr 16, 2007 8:56:00 AM
NEW YORK, NY -- (MARKET WIRE) -- 04/16/07 -- IBAC Corporation (PINKSHEETS: IBCX) the New York-based hospitality provider today announced it has completed the sale of its Florida Restaurant subsidiaries (The Bonita Springs Restaurant Group, Inc.) and (The Sanibel Restaurant Group, Inc.) to Prime Restaurants Inc. for $4,100,000 dollars. The new company Prime Restaurants, Inc. will take possession after a transition period of two weeks.
IBAC Corporation will start to redesign its business model seeking better more established and less risky business investments, within major cities within proven stable industries. The company still maintains its 51% state (ownership) in The Memphis International Hotel & Restaurant Property and will seek a buyer for the property. The company values the property between 4 to 5 Million dollars.
IBAC Corporation was started in September of 2004 and had a business model of acquiring distressed properties within the hospitality industry, and acting as a holding company providing the funding for these acquisitions while maintaining a majority interest in them, while the minority partners were the operators of the businesses, the premise of that business model was to enhance accelerated growth without the management headaches on a day to day basis of the operations. Needless to say that strategy did not work out the way the company anticipated.
"The company now will focus on only 100% company owned acquisitions with proven operating revenues and profits with a stable history. We are reviewing several opportunities at this time and will choose the best opportunities going forward," said Wayne Burmaster, President, IBAC Corporation.
Mr. Burmaster also stated, "We are going back to the drawing board and building a company model the right way this time with the lessons we learned from the past couple of years."
Just came across the last PR..LOL that sounded like an April Fools day release..LOL At least Petar and companions have not lost their sense of humour...LOL
frankie, face it ..this is a complete scam, lets put it that way..another complete scam from the pinkie sheet...
SEC should put a complete ban on Pink Sheet trading stocks..
matt24 or upstock..could you, next time you talk to Keith ask him how many of the oustanding shares are in the name of
The Keith & Juliana Dressel Family Trust
Thanks in advance for your answer :):)
Interesting comment from Keith Dressel , back in December 2005..somehow it sounds like one of the last PR's..LOL almost
1 1/2 back..and 1 year before he made a reverse split with 2 Trillion shares A/S ....LOL
Adrenaline Nation TV is currently revamping its web site and the station goes live 24/7 January 1, 2006. The new site will include many more features that will help artist in not only attaining airplay for their videos but in their careers in general.
In the next couple of weeks, we will take down the front page currently displayed and replace it will a promo about Adrenaline Nation's programming. So try and be patient!
We program 70% independent video's and the quality of videos we have received from Sonicbids members has been outstanding and most of them are qualified to have a deal on a major label.
I am personally offended that a negative post of our company would be placed in a forum on a simple question that could of:
A. Be answered by simply sending an email and asking the question.
B. That the question could of been answered by picking up the phone and speaking directly to me.
I am available and have had many great conversations with many of the artists we have added to our play list that will begin being aired beginning in Jan.
In the meantime, If any one should have a question regarding our site, our company, our programming or anything else feel free to contact me directly at 336-416-2251 that is my direct line and I will answer your questions personally.
As far as companies using Sonicbids to get money, from artist' particulary independent artist who are most likely struggling the small fee that sonicbids charged as far as I am concerned shows that the artist is willing to commit to furthering their career and money is so miniscule it is has no effect on any companies bottom line.
We are are publicly traded company and trade under the symbol ADNL.
I hope I have answered any questions regarding Adrenaline Nation.
Best Regards,
Keith Dressel
CEO
Adrenaline Nation TV
BTW . matt24d , what do you think about the blocks sold yesterday..a few 20k blocks, do you think the CEO and friends are diluting us AGAIN ??..LOL good luck...:):)
here the pumpers go again, calling people bashers that put out the TRUE information about this company. well I will continue to post some info for the newbies that fall for this pump and dump ..but at the moment I am on a holiday :):)
but as you called for me, I will be back next week...hope not too many newbies have fallen for the scam...:):)
have a good weekend
Ok upstock52...I really just will answer you to some rebuttal you seem to make in your post re the company.
nothing is wrong about my 2 Trillion pre split Authorizes shares..to put it politely..please do some basic math here..ADNN
has 200 million A/S (to inform you that stands for authorized shares) 200 million x 10.000 ? (split was for 1 for 10000)= 2.000.000.000.000 (do you still see anything incorrect in my previous statement??)
once you have done this difficult math..lets get to the second statement...I did not mention in any word the float...
The outstanding is (was LOL) 110 000 000 ...(now when the promoter made its deal with ADNN..the got the 2.87 million shares which on February 07 represented 10% of the oustanding and issued share count, hence on February the outstanding was 28+ millions)
Last but not least, I do not want to save you as I do suspect that you do not own any shares but have a different agenda, which of course is supporting your lifestile and your family..I congratulate you for the job you try to do...
Once in a while I do put some "gamble money" into pinkies, BUT when I see an obvious scam and get fleeced like everyone was than I will gather all the information and ultimatrly will report to the SEC...
BTW...Are you envolved with the company in any way??
30% up ..LOL mathematic again eh...pre split was 0.0001 post split 1$ adjusted to the split of 10k...closed today at .66 that is down 34% in my books..
You quote: Investing should be fun not a battle.
I agree with you ( that has been my living since 97)
BUT if all the odds are against the shareholder than it is becoming a battle.
upstock52..please no personal attacks..just facts about the company on this board..but thanks for the reminder anyhow..:):)
matt..please correct me if I am wrong!!
WallStreet promoting owns 10% of the issued and outstanding shares.
On February 7 the 2.875 million warrants represented 10% of the outstanding which means the outstanding shares were 28.75million shares as of February 7 2007 . The last info on the PinkSheet website states an outstanding sharecount of 110 million shares as of 09.February 2007?? 1 month dilution or distribution of shares of 80 millions ??
Well anyhow WallStreet does not give a rats...because they own now 11 million shares..AT LEAST..LOL The 10% clause ..remember??
Am I still wrong??
'Conclusion:
They have warrants of 2.857 143 shares at exercise at 0.0001
= 286$ cost of exercise .
At the current "known" float that means apprx. 20% .
at the current price .55 the warrants are worth 1.571.350$
Shares issued to the warrants may be sold after February 1 2008.
The usual fees from the promoters are 100k. where does that leave the anticipated stockprice by February 2007 ??
Best case scenario would be 0.06 (another 90% down) but as said best case scenario, because WallStreet PR (owner of the promoter mentioned) will own 10% of the issued and outstanding shares of ADNN....
Disgusting to say the least!!!
WOW now the agreement between ADNN and AmericanPowerStocks:
. American Power Stocks (which is ownd3ed by Wall Street Publishing, including its officers, directors and affiliates (“APS”) has been compensated through its affiliate Wall Street PR Inc. through a Consulting Agreement dated February 2, 2007 with Adrenaline Nation Entertainment Inc., Wall Street PR Inc. under this agreement is to receive a warrant to purchase 2,857,143 shares of ADNN restricted stock at $0.0001 with a cashless provision and a ten year term. February 1, 2008 is the earliest that the underlying shares may be resold into the market under Rule 144 and only if all the terms and conditions of that rule are met. Furthermore, ADNN has agreed that a third party shareholder will pay for all hard costs and expenses necessary to retain third parties to disseminate information about the Company as needed to increase exposure to the investment community. In addition, Wall Street PR is entitled to anti-dilution protection pursuant to the terms of the Consulting Agreement as follows; their warrant as described above will represent 10% of the issued and outstanding shares of ADNN from the date of the Consulting Agreement February 2, 2007 until one year after it expires on February 2, 2009. As such Wall Street PR may be entitled to up to 10% of any additional issuances by the Company during this time period.
here some info about the penny stock promotion deal !!
American Power Stocks and its management receives fees from profiled companies or agents representing the profiled companies.These fees may be paid in cash or in stock and they will be fully disclosed in each profile.American Power Stocks's editor is contracted to receive one hundred thousand dollars cash from a third party consultant.
100000$ is the general "penny pusher" promotion fee !!
why would ADNN engage into this if not just to get the price up for further dilution??? Thanks for the rebuttal in advance:):)
LOL.........eom
where did you get the 7 million in sales from??
last revenue they had ( stated ) last year was 60k !!!
ah that is where the volume comes from...paid e mail spam-scam !!
dilution going on again...LOL
There was a 1-10'000 reverse split in January 07
Pre reverse split the authorized share structure was 2 TRILLION
Now it is 200 million with 110 million outstanding .
Good luck ty...LOL
You bet...LOL eom.
Do you really think someone can scam ME that easy and just get away with it?? I will post any information I have on this "company"..I will stay on topic all the time!! And once my ON topic posts will be deleted, I will go to other boards and spreading the news, which might be much more damaging for this board than letting contrarian views discussed here!?
BTW. all the information I am giving , are all traceable from the history of the company. No false information!
Intimidator...yes diluting pre split is always the case...but I am not sure if you absorbed the staggering figures that I posted??
I have never seen anything like that before..LOL
Usually a company r/s of 1: 10000 comes out with a post split of
A/S of 5 to 10 millions and an O/S of 500k to 1 million..MAX.
All the PR's we read lately were already published last year pre split..SAME ...they have NOTHING , they even had to correct a PR because it was just flat out wrong regarding a carrier having taken ANTV into their programing...!! who need any more red flags?? I do understand that many posters are attacking me as they still have the hope to get their 90%+ losses back.
As the saying goes...hope dies last
ps. I will look into the other stock you mentioned. thanks
GLTY