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Got in early today! Thanks!
LMAO! I had a big buy in at the Ask at .0044. Couldn't get filled. They dropped the ask to .0042 so I changed to that price and got filled then it jumped to .0046 and 500,000 filled! Total manipulation!
Anyone who has Ameritrade should be ringing their ears off! I got all of my dividends, even from purchases of shares on Friday with Scottrade. The dividend payment date was 12-15-2006 for owners of record December 1. With Scottrade it didn't matter whether I was owner of record or getting bill due dividend. They were all there. Ameritrade could use the excuse that the "bill due" dividends aren't payable until December 20, so if your shares were purchased after December 1 they have a valid excuse. If you owned the shares since November 28 they have no excuse for not paying you your dividends.
See post 4700 for an explanation. To be the owner of record you had to have the shares in your account on November 28 at the close T + 3. Then if you owned those shares on December 15 at the close you should have received your dividends before trading opened today.
It doesn't matter to me what the pps is at this time. It is the percentage of ownership that I am looking at and here is why. We are going to spin off the restaurants IMHO. Price is agreed and the board more than likely has decided. What matters is how many IBCX shares are outstanding and how many I own. That will determine how much of the divi/share payment I receive.
Now the second part is we are going to reverse merge into a fully reporting OTCBB shell. The same applies on that conversion. How many shares are outstanding and how many shares I own. I will get my shares converted to shares in the new company based on the percentage I own! After this takes place then the new PPS of both entities will matter.
I am concerned about potential dilution after the spin off and merger and I will watch very closely for the details! Now I simply want a higher percentage of ownership in IBCX!
Thanks for the cheap shares BTW!
They got the dividends! Most got freely trading dividends over the weekend and the stock opened really up 25%. Closed at .0051 and 25% more shares (55 million shares) are moved in after the close. There were some who only bought for the divi and have moved on! IMHO this is an excellant buy in point. JMHO!
Time to move up! .005's are getting hammered!
First of all I don't think they leave us hanging! They have been very good with keeping the shareholders informed. If anything too informed. Now this PR will need to be very accurate and there should be significant details about exactly who the spin off company is. How the spin off divi will work. What the conversion is going to be if it is in shares.
Then they also need the details for the reverse merger. I would think the details are being gone over with attorneys and then they will PR. Remember if you didn't look on this weekend you would have been expecting the board to meet today.
Good morning all! I am proud to be an assistant moderator of this site! I believe in free exchanges of opinions in a respectful manner. Great things lie ahead for our company! Mick, I appreciate the confidence you have in me and I will not let you and the other moderators down!
GLTA
From a Loftwerks PR in 2005!
Contact:
Andrew DeVries, III
210-389-2615
Hey Stock HOG! Thanks for your efforts. A couple things from the meeting and also the CC have raised some questions.
1. Which meeting did they tell you that they sold 100,000,000+ shares to raise 10-12 million.
2. From the notes on the Windsor trip Petar stated there were 190 million restricted shares. In the CC it was stated that there are now 600 million O/S and non are restricted. Is this correct or am I missing something in the translation?
3. Did they specify who authorized and sold the 100,000,000 shares and when. Again my guess is back in September when the pump machine was in full gear.
As you were there for both I would hope you can clarify for me! TIA
Binzur
And on December 13 they reduced the A/S to 350M with the state of Delaware.
Jean1057 so why are you here? I have read back in your posts! Why are you here. You here to save us? Are you a shareholder? Maybe you looking to bash this price down to get back in? Please take it somewhere else!
TIA
If you look at the Tennessee Secretary of State there were actually three Loftwerks companies incorporated within a couple of weeks of each other in July 2005. One was Loftwerks, Inc, the other was Loftwerks D & C, LLC. That doesn't pass the smell test to me! All have the same business address. Why set up three companies at the same time in the same state?
http://www.tennesseeanytime.org/soscorp/results.jsp;jsessionid=0B1AAA931E9EEF1EDA66E4C37C2851CE
Loftwerks, Inc. Status; ADMINISTRATIVELY REVOKED 8-21-2006
Pure speculation here....any active business goes through the Loftwerks D & C, LLC company (private company). Loftwerks, Inc. sells shares right after bogus PR from Consultech agreeing to a 12 Million dollar consulting fee + bonuses.
http://www.marketwire.com/mw/release_html_b1?release_id=93306
Consultech was no longer an active corporation in Michigan as of July 2005!
So my guess is business got ran through Loftwerks D&C, LLC. and Loftwerks, Inc. kept selling shares and really had no business!
Pure speculation! JMHO! Where is Dennis Ammerman anyway? Oh look at the contact person on the bottom of that PR!
Contact:
Andrew DeVries, III
210-389-2615
Actually 1918 the A/S went down to 350M and the 25% divi came out of the O/S.
Thanks slojab! Those are a big help!
eelfland; I really appreciate your input on the area. Do you feel the area around Rosswood can handle $500,000 houses? With the description you give that seems a bit high. I was thinking $300-350,000 max. Your thoughts or better yet could you take a look at some new houses going up and see what they are asking for them, if they are for sale. That would be some excellent help and shouldn't take much time. A drive and a few phone calls!
Again I appreciate your efforts here and feel better about the Rosswood investment because of them. The fact that they are building nice homes in that area is a definite sign of some change.
I believe the golf coarse is really semi-private, not public. Slight difference but the fact that the members voted to sell tells me it is semi-private. Again no big deal there.
Thanks
Binzur
The bill due payment date was suppose to be December 20. I was able to view my Scottrade last night. I was surprised that all of the divis for every share I own including some purchased on Friday are there. Guess Scottrade doesn't mess around! At least in this case!
You need to pull up the most recent filing. At one point they were at 12 billion, I think 20 billion. Current is 350 M per PR and the December 13, 2006 filing.
Will do! Thanks.
Just checked my account. I was owner of record on a bunch, bought a bunch more last week and have all of the dividends in my scottrade account.
Hey pop! Even if you cut the multiple down to 10 this is still .07 on earnings and with a 5 multiple on assets .14. I have to be honest here and .20 and I am one big ol happy camper.
Very reasonable conclusion MM!
Dilution backwards is noituliD! BINZUR! LOL!
LMAO!!!!! FUN SATURDAY!
Yah but I beat you to it on your own board!! To many cheers today! GAME IS ON!!!!!
December 16, 2006 - 4:34 PM EST
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IBCX 0.0051 -0.0019
Today 5d 1m 3m 1y 5y 10y
IBAC Corporation Board of Directors to Move its Previously Announced Meeting from Monday 12/18/06 to Sunday 12/17/06
IBAC Corporation (Pink Sheets:IBCX), 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.
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.
IBCX NEWS!!!! TO many cheers, you are cut off!
NEWS OUT!! LOOKS LIKE SOME CROW NEEDS TO BE CHEWED ON!!!
Or land in Colchester!
You drinking again! LOL! Between your cheersing and pop a tops popping there isn't any left for the rest of us! I think I'll pop one anyway! Cheers!
Thanks for your efforts and report eelfland! I for one really appreciate you taking the time and doing some on site DD. I would hope as an owner you removed the chewing gum from the stair railings! LOL!
From yesterdays PR
"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."
Agree! That combined with when those shares were sold....I'm betting while the pump machine was in full gear in early September. That would answer all of the discussions about the shares, how many shares people owned or reported to own on this board, the naked short issue and why this stock couldn't rise back above .20. There was a ton of buying interest and (pure conjecture here) dumping of potentially 262 million shares.
You were around back in September/October as I was and I remember daily discussions about the float etc. When I read that in Stock HOG's report it finally provided some potential answers many have been looking for. Sold the restricted shares and an additional 100 mil shares. I will have to check but I thought Airys mentioned they sold 100 million shares to raise $10-12 million.
More questions needing more answers!
JMHO!
Could be. Not sure on that. It would seem the assets of IBAC would need to be moved into the fully reporting OTCBB company. I have done some research but really don't know the plan here. I will defer to a higher authority! LOL!
rrufff;
Per the report from Stock H.O.G not only 600mil float but none of the shares restricted either! Post 216120
8) What is the current A/S, O/S, etc.? A/S is 800M, O/S is 600M plus 200M in treasury, which are not restricted.
From PR
August 22, 2006 - 11:48 AM EST
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SLJB 0.022 -0.002
Today 5d 1m 3m 1y 5y 10y
Sulja Bros. Building Supplies Releases Share Structure
Sulja Brothers Building Supplies, Ltd. (PINKSHEETS: SLJB) announced today that the company is releasing the current share structure to the investing public. Sulja Bros. currently has 800 million shares authorized with 500 million shares outstanding. All share counts have been rounded to the nearest million.
CEO Steve Sulja stated: "The current outstanding shares are 500 million. There are 362 million shares held by insiders. Of the 362 million insider shares, 162 million are restricted. There are 138 million shares in the public float. The number of inside owners, of 10% of common class shares, decreased after the reverse merger. The increase of outstanding shares from 200 million to 500 million excluded holders of 20 to 50 million shares from insider status. Basically, three insiders with 40 million shares from the open market did not meet the 10% of class rule; therefore, they are no longer considered insiders."
From yesterdays PR so he told everyone!
"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."
Yes!
I have scottrade and they are doing site work this weekend so I can't log in! Hope they are there!
You won't see them until later in the week. You will get what is called a "bill due" divi from the owner of record whose shares you owned at the close yesterday. Should be there by Thursday. Read post 4700!
JMHO!
Not in my opinion! They don't need to! If what has been PR'd happens this company becomes an empty shell!
Spin off the restaurants we get cash or shares.
Merge this company into a fully reporting OTCBB company and we get shares of THAT company. That leaves this empty shell!
Now the devil is in the details but this has been very well planned. They are so tired of the assets and valuation of this company trading sub penny!
JMHO!