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Never been said that anyone is receiving a 1.3 ct divi in 30 days. You are misreading the PR on the spin off.
They just paid out 50mil + in dividends and many sold them! Many bought shares for the dividend play and sold the divis and the shares they owned to get the divi hence the big drop Monday and yesterday. Others who bought over a penny sold them in panic at the drop in price. I also never said the float is 80 Million. This is a pink penny stock that many have been flipping and trading! I saw one poster on Friday state he had just sold his 8,000,000 share postion prior to receiving the divi. That means he had also bought that many recently (IMHO).
That was one trader!
Wrong. No one has ever stated or proven that the O/S are 2 billion or anywhere in that area! I believe the O/S are in the 350M area from all or the research I have done.
Tough question Mick. With the share price dropping on Monday I believe many who had received their divis sold them! LOL!
The ones who have not recieve them yet may choose to hold them at this price!
December 15th at the close is when you needed to own the shares to receive the divi.
Thank You for the intelligent well thought reply! The only part that lacks intelligence is getting the regulators or lawyers involved. That is a last resort and I do not think we are there yet!
I hope to get in touch with Ed and will add to my questions.
Thanks
Binzur
I agree!
johncee; isn't the best time for MM manipulation when there is panic! They always want cheap shares and have the ability to drive the price down further through panic. Add to that people dumping their 25% divi (those that have received them) and that is where we are at. Agree with you on the company as well.
When did you purchase the stock?
liable PLEASE! "Clear case of securities fraud". Take your money and your time an persue it! Hire a lawyer and if it is so cut and dry and "clear" then you go get them! LOL! The people who have sold in this drop have lost money. Others that are still holding have not! You don't lose until you sell!
I will be buying more shares at this level and any level below. I do not see a "clear case of securities fraud" at all! I do see some panic selling and that is never good trading. I have told members of this board that I am working to get in touch with ED. I have very direct questions and hope to get the answers. I have not spoken with him but hope to today!
Your math is a little off. 100 mil shares at .0024=$240,000.00
I don't think the SEC uses grease, KY or any other lubricant when they get involved!
My point is Ed and Wayne are not going anywhere so we should continue to try and get answers from them. Do you really want a trading halt for Christmas? I sure don't!
I do want some answers!
Liable; If you are still a shareholder complaining to the SEC at this time is not going to help! I understand your frustration as many here share it but sending a bunch of complaints to the SEC will do what? Stop trading? That's sure going to help shareholders.
Plenty of time to get the SEC involved if needed. Wayne and Ed aren't going anywhere and actually live in the USA!
Complaining now isn't going to help one bit!
JMHO
Binzur
Heavy fingers! Not mine! BTW!
Please stay on topic here! Take this to the other board.
TIA!
You can't get a copy of the ammendment. Don't waste the $20. What he did provide was a previous dated copy of the same report. Report date was 11/26/2006 and showed Total A/S of 550,000,000. It showed the most recent ammendment as 10/11/2006.
You can clearly see that this report shows the 12/13/2006 ammendment and A/S of 2.02 Billion. That is proof to me!
It also sounds like the SOS of Deleware is behind by weeks on updating records.
JMHO!
LOL! Good one digitaltradz!
Per realest post 9996, he e-mailed me a previous copy of a SOS report that confirmed to me that this post was correct and they have raised the A/S to 2.02 Billion. The previous report showed the last amendment date as 10/11/2006 with 550M shares authorized.
File Number: 3860788 Incorporation Date / Formation Date: 09/28/2004
(mm/dd/yyyy)
Entity Name: IBAC CORPORATION
Entity Kind: CORPORATION Entity Type: GENERAL
Residency: DOMESTIC State: DE
Status: GOOD STANDING Status Date: 09/28/2004
TAX INFORMATION
Last Annual Report Filed: 2005
Annual Tax Assessment: $ 165,000.00 Tax Due: $ 0.00
Tax Status: CURRENT Total Authorized Shares: 2,020,000,000</B>
REGISTERED AGENT INFORMATION
Name: DELAWARE CORPORATIONS LLC
Address: 800 DELAWARE AVENUE
City: WILMINGTON County: NEW CASTLE
State: DE Postal Code: 19801
Phone: (302)652-8400
FILING HISTORY (Last 5 Filings)
Seq Document Code Description No. of pages Filing Date
(mm/dd/yyyy) Filing Time Effective Date
(mm/dd/yyyy)
1 0240S Amendment; Stock 1 12/13/2006 10:37 12/13/2006
--------------------------------------------------------------------------------
2 0240S Amendment; Stock 1 10/11/2006 13:54 10/11/2006
--------------------------------------------------------------------------------
3 0240S Amendment; Stock 1 03/14/2006 12:41 03/14/2006
--------------------------------------------------------------------------------
4 0240S Amendment; Stock 2 02/16/2006 15:21 03/10/2006
--------------------------------------------------------------------------------
5 0240S Amendment; Stock 1 05/17/2005 10:29 05/17/2005
Thanks! My last message was far more direct! I am not one of those call every half hour kind of guys......but there is a first time for everything! LOL!
I didn't believe realest at first. I had called the SOS of Delaware. When he provided an older SOS report that showed 550 mil shares that convinced me he was telling the truth. I had seen mostocks reg D many many times. As a new moderator here I asked him to please remove that as his signature. He did and I let him know I appreciated it. Changed it to the little head throwing up! I really cracked up when I saw that. I can't ask him to change that signature as it is spewing not spamming! LOL!
We need to get some answers and there is absolutely no reason AF's can't be immediately released for one! T/A ungagged for two and a PR explaining why he raised the A/S to 2.02 Billion after PR stating reducing it to 350 M for three.
Thanks!
Binzur
Sir Robin;
You make some very good points. The "dark side" comes out in NASDAQ and NYSE as well! Just no where near as frequently. Thanks for your posts.
Binzur
I have already reviewed this with lawyers to take action against another company. Not as easy as you think and have you seen what lawyers charge?
I do not agree with the thoughts that Ed has done something illegal at this time. He did file a Reg D and at the time of filing it was a 506 which is private placement of restricted shares. I believe will will see a new filing very shortly changing it to a 504 which would allow the company to sell shares in public to raise capital. He has 15 days from the date that shares are sold on the open market.
It appears to me like the company has sold approx. 60 million shares on the open market very recently. I started to pick up daily trades in the last hour of trading of big blocks of shares. 3M-5M always at the bid and in the last hour. I posted this information and couldn't figure out how that was anything other than a big buy. I now believe it was the company selling shares to raise capital. That is not a bad thing, BTW! What is bad is doing it behind our backs.
Raising the A/S with the state of Delaware is just wrong. Again, I don't have a problem with it if the reasons are laid out for we investors to see. Doing it behind our back is so corporate America today it makes me sick! That is wrong!
I have a very direct call and message into Ed. I have called many times and I am never the chosen one to get the call back. I believe my message was very clear and if he is calling shareholders back like others have said he will definately return my call. I will report what I find out.
Yesterday was my first day here as an assistant moderator. I did delete a few posts because they were spam, same thing over and over. I left up the original couple, BTW! I believe this board has been run very fair. Those that are making the claim that the moderators here deleted to many oposing views, I totally disagree. I was able to get both views very well over the past month. What I then chose to believe is my choice.
Matt is the only one who bans and unbans posters. The moderators of this board can recommend action. Posters here can tou others to Matt but Matt is the only one that bans and unbans people. If IDHR was banned I am sure it was for good reason. I have seen posters from other sites that have gotten banned and let me tell you they deserved it! Considering there is one person banned from this board I would say he obviously deserved it! JMHO!
There have been others who have stated they did not get them. A couple spoke with Ameritade and were told they wouldn't be getting them until Wed or Thurs. You will need to call them for more info!
Tough day.
I like your list! I don't know if he can answer #3!
Well said! I Agree as well.
Not when the AF is 1/3 of what they advertised as unaudited! That is why I have said for a while that they don't exist! Now they come up with this Econometrics BS! PLEASE! That is totally ridiculous! Companies hire PWC or KPMG direct. No reason to involve Econometrics. In house accountant (if there is one, the one who did the excel spreadsheet is probably initials PV), works with the auditing firm. JMHO!
Sueloan, please keep posting as many times as you can! That sig is awesome and adding light in an otherwise dark day! LOL!
There aren't any AF's coming! They will prove the unaudited financials that were posted were a figment of ones imagination put on an excel speadsheet! I am holding that spreadsheet in my hand and it is amazing how everything is rounded! If an in house accountant had prepared this or even Quickbooks no rounding would have happened! They aren't coming so you better hope for something else!
GLTY/JMHO!
I certainly hope ED puts out a clarification cause I for one do not trust any posts with I talked to the CEO comments!
No offense but been there done that!
I agree POP! I called SOS of Delaware as well. Where would we be able to find the details of that 12/13/2006 ammendment?
As I replied I remembered that post. Thanks for posting it again and I will let Angel speak to that.
I asked you to e-mail me the info. I do remember that post as well.
Realest; Angel didn't say it the company said it! Don't put this on Angel!
pop, the new OTCBB entity is an empty shell so it wouldn't be trading at .05 or better. More like .0001. Once the assets are moved into the new shell then it will trade at what the market values the assets that were moved in.
If you owned shares at the close on December 15 you qualify for the Dividend. Many have already received theirs but Ameritrade hasn't given the divis to their accounts.
jean your first "in other words is incorrect" How is "equal value" double! This company will be moved into the shell with shareholders receiving "equal value". The shares we presently own in the pink company will no longer be valid!
I have asked realest to e-mail me the docs he has. I will inform all when I receive them.
And today is 12/18/2006!! They did submit an ammendment on 12/13/2006 which I believe reduced the A/S to 350,000,000. I am working right now to verify that! It is not easy to get details of 3 business day old filings!
JMHO!
Mick, he was asking me to PM on a different matter. No worries! Was also asking my opinion on IBCX!
Thanks for your trust in having me be an assistant on this board!