Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
sure they paid the 600k..but they will and are, as you can see on the trading pattern, funding it with the shareholders money via dilution..or do you think they are just a nice bunch of people who go into their savings to rescue US...?? just facts please..I am sorry that it turned out like this..but red flags have been up long ago..go and read about it..the link was already posted..that will be an eyeopener for the most astute supporter..me thinks anyhow..I know denial helps sometimes..do not get angry at posters that try to tell the facts..get angry at the ones that are taking, in a maybe reckless manner, your hard earned money..or insist that they tell you the truth..re share structure and dilution..I hope that you only invested money which you would have gone to the casino with as well.. never , never ever take a word from a company, especially a pink sheet company ,as valuable..better yet..stay out of pink sheet stock all together..
thats the gag order..sorry to say..does not look good..eh..
they have on the Royal back payments without the tax payments..600k..who would want a property that generates that kind of unpaid bills which obviously could not be paid with the cash flow ?? the 600k + they are collecting, it seems, with issuing new shares...now just take the 600k and divide it into shares at 0.004 average..we are talking 150millions..and that is only the starter..not to mention..back taxes..future payments to run the Hotel..etc..the thing is that the A/S can change within a blink of an eye without the shareholder knowing..we are Pink Sheet..no filing required..and this guys have been juggling with billions of shares back and forth since it was ICAN.PK
you are interested in history..here you can research press releases..great site for future investements...just make a search for Ibac corporation
http://www.findarticles.com/
you will find interesting stuff...
they are trying to shake out shares with painting the bid and ask..lowering it..even as the trades go through at ask..
that is very ensuring of a run coming..IMHO
FWIW..came across this little PR from back in 05 when the company was quoted under ICAN.PK symbol..read and wonder about the prefered stock issuance to the CEO Hayter..are this preferred still valued?? I do think they are..LOL
March 9, 2005
Find More Results for: "ibac corporation"
IBAC Corporation...
IBAC Corporation...
IBAC Corporation...
IBAC Corporation...
NEW YORK -- IBAC Corporation, (Pink Sheets:ICAN) announced today that it's CEO, Mr. Edward W Hayter, will retire 6,000,000,000 shares of his personal ICAN common stock in exchange for a class of preferred stock.
The Company's intent is to offer dividends to the common stock holders, which dividends will not be offered to the insider preferred shareholders. This measure is taking place to position the company for an eventual sale or merger of one or more of its subsidiaries to a fully reporting OTCBB company.
IBAC Corporations board of directors has agreed to retire the ICAN shares to the treasury. The 6,000,000,000 shares are ICAN common stock. Mr. Hayter will obtain a class of preferred stock with majority voting rights. The retirement of the stock will occur within the next month and is subject to all SEC and regulatory statues.
"This non-dilutive measure will bring an increased value to our shareholders," said Hayter. "Our long term plans include negotiating and putting contracts into place to ensure longevity for our company and, as this occurs, we will take steps to bring further value to our shareholders."
yep..but we will see the MM's trying to keep it down today..unless there is a huge buying pressure...then all bets are off...watch them driving the price down the 1st hour..
Shortsqueeze coming for ECCI eom
CRYSTAL CITY, Texas, Nov. 8 /PRNewswire-FirstCall/ -- Ecoloclean Industries, Inc. (OTC Bulletin Board: ECCI) announced that after reviewing the NOBO (Non-Objecting Beneficial Owner) list acquired from ADP Issuer Services and DTC list in comparison with the Company's shareholders list we have identified what we believe is a significant discrepancy in number of publicly held shares.
Mr. Ward stated that management is of the opinion that this discrepancy may represent a significant naked short position in our publicly held stock. Management intends to implement a strategy which it believes will remedy this discrepancy and reduce the short positions.
Further updates will be provided.
CRYSTAL CITY, Texas, Nov. 8 /PRNewswire-FirstCall/ -- Ecoloclean Industries, Inc. (OTC Bulletin Board: ECCI) announced that after reviewing the NOBO (Non-Objecting Beneficial Owner) list acquired from ADP Issuer Services and DTC list in comparison with the Company's shareholders list we have identified what we believe is a significant discrepancy in number of publicly held shares.
Mr. Ward stated that management is of the opinion that this discrepancy may represent a significant naked short position in our publicly held stock. Management intends to implement a strategy which it believes will remedy this discrepancy and reduce the short positions.
Further updates will be provided.
here we go..NOBO list..significant naked short..management to take action....shortsqueeze coming now...LOL
a little positive on the trading today is that we have held the gains contrary to the last few advances..T&S does not show any big dumping...lets see tomorrow..and cross the fingers..LOL
Honestly Bally...first they wanted to sell the Arkansas Hotel, before the disaster hit...now they want to sell the Restaurants..looks like a desperate SELL out??
well to me looks like the Steaks were the only cash generating business we had..as the Royal in Arkansas had , obviously, an uncommon way to make the payrolls..LOL..ok if you want to get stocks with another bagholding of yet another pennystock..that will have probably only 2 restaurants as assets..and will probably pay with a few Billions of shares for it....how stupid does this Mr. Burmaster think the shareholders are?? it seems to me a real insult..as a suggestion I think the shareholders should get free Steaks for Christmas and New-Years Eve..LOL
IBAC Corporation Announces Offer to Acquire its Restaurant Operations
Nov 2, 2006 8:54:00 AM
Copyright Business Wire 2006
NEW YORK--(BUSINESS WIRE)--
IBAC Corporation (Pinksheets: IBCX) today announced that it has entered into negotiations to acquire its restaurant operations, the proposed acquisition if accepted, would be to another publicly traded company and include a share distribution (payout) to the IBAC shareholders.
The requested acquisition of IBAC assets are the Florida restaurants in Ft. Myers and Bonita Springs, the company even though they consider both these assets as major holdings has agreed to consider the sale if a positive profit is recognized by the company and its shareholders.
"As we continue to build our company, we will consider this offer as we are directing our efforts towards real estate owned properties such as the pending country club/golf course acquisition and our currently owned hotels. I have agreed to negotiate this potential acquisition only if it is beneficial to the shareholders and the company, meaning a profit could be realized, otherwise we will pass on the proposal. It is my intent as the President of this company to realize the best return on investment as possible," said Wayne Burmaster President IBAC Corporation.
IBAC Corporation is a New York-based holding company operating through its subsidiaries within the Hotel, Food Service & Restaurant industries. IBAC now has operations in Florida, Tennessee & Arkansas. For more information, please visit: www.ibaccorp.com.
Forward-Looking Statements
Does this one sound familiar??
IBAC Corporation to Negotiate an Increase to Their Existing Credit Facility for up to 20M Dollars for Further Acquisitions
Business Wire, May 16, 2005
NEW YORK -- IBAC Corporation (Pink Sheets:ICAN), a Hospitality, Restaurant, Food & Beverage Service, and Entertainment Holding Company, today announced that its Board of Directors has approved the go ahead to negotiate an increase to its credit facilities for up to 20M dollars from a group of private investor/lender's and Banks.
"We are very excited about this proposed increase to our credit facility as this will allow us to accelerate certain proposed deals we have been looking at and to seek additional acquisitions for the company," said IBAC's Chairman Edward W. Hayter. "We feel that with our solid performance, strong outlook and cash flow that now is a good time to complete other certain deals that we have been looking at and that are on the table now, to grow the company."
The company continues to pursue additional acquisitions as to reach our stated goals of becoming a 100M per year company within three years. This credit facility has been put in place for additional acquisitions we have in place and does not affect current contracted acquisitions.
IBAC Corporation Reports Completed Stock Dividend Payout & Current Common Share Structure
Business Wire, April 10, 2006
Find More Results for: "ibcx"
IBAC Corporation...
IBAC Corporation...
IBAC Corporation...
IBAC Corporation Holds...
NEW YORK -- IBAC Corporation (Pink Sheets:IBCX) today announced that it has completed the payout of the 15% share dividend per the stated pay date of March 31, 2006. The company has also completed the filings with the state of Delaware reducing the company's authorized common shares to 200 Million.
After said actions the company's common share structure is authorized 200 Million and the Issued/Outstanding are 188,937,483 million after all payments of dividends were completed, the outstanding share figures were provided by the company's transfer agent after all payments were made and were not the cause of any dilution/selling of shares. The company has not or will not engage in any regdex/504 filings and will not be increasing the authorized common shares.
The company's near term plans going forward include the completion of the recently agreed acquisition of Sanibel Steakhouse in Bonita Springs, Florida by May 1, 2006, completion of audits and filing to move to the OTCBB.
IBAC Corporation's Board Approves an Additional Reduction of Its Authorized Common Shares and 15% Share Dividend
Business Wire, March 13, 2006
Find More Results for: "ibcx"
IBAC Corporation...
IBAC Corporation...
IBAC Corporation...
IBAC Corporation...
NEW YORK -- IBAC Corporation (IBCX:PK) announced Friday after the bell that it's Board of Directors has approved an additional reduction of its authorized common shares to 200 Million from 500 Million. The Board also approved a 15% stock dividend, with this action the Board believes it will further help bring the company's market capitalization in line with the true value of the company and allow greater opportunity for growth of the share price.
The company has not filed for any new regdex/504 and will not do so; the decision was made after long discussions with our advisors. We believe the action will enhance the value of the company and will help create a stronger balance sheet/audit when we apply to the OTCBB for listing.
The reduction in the authorized shares will take effect immediately with the appropriate filings being submitted to the Secretary of State of Delaware this week, the 15% stock dividend pay date will be announced by this Wednesday and appropriate paperwork immediately filed. This will leave the company with 200 million common shares authorized and with the 15% stock dividend 172,500,000 million common shares outstanding, the balance of 22,500,000 million common shares will remain in the company's treasury and will not be liquidated.
got filled..out of here...GLTY
probably has a gag order from the company..
I am on the bid with last 385k shares for SALE..not filling watch them lower it again...below 0.005 (thats my sell price...)
How many shares for a golf course...guess 1 billion would do the trick at current levels to make a down payment on the golf course..??? looks like we are right on doing some major diluting..look at the blocks again..around bid or below..LOL
oh yeah..and the other guy that calls the questioners on this board idiots...lets see: hmmmmm guess he believes that Mr. Hayter is in reality Santa Claus..putting all that money up..just to give us shareholder a great ROI and him losing it all..hmmmm
well , well...don't think so..!!! LOL desperation might lead to temporary insanity?? you heard that one before..right?? I have been on the bid to sell my shares..but no filling..just the big blocks..THAT is a red flag of dilution...sorry for the shareholders , including myself, until I get filled and can leave with a slight loss...on my ROI..LOL..
sure thing..major advertising since August..huge revenue surge expected...last shares going out the door now...from dilution..now only way is up..500 million AUTHORIZED shares...at the rate we are now..only 2 million marketcap...ridiculous..
LOOOOOOOOOOOL This one is dead, don't you see
E is off..filing today..lets see what happens...GLTY
watch ONEV...train is moving today...
ONEV news is huge..have been waiting for that one for a loooong time to materialize....
sure you did...ROFL....and btw.
my father is the Teno of Japan...LOL
NO sells recorded on Friday at 0.008..only 3 "buys" more like (painting)accumulative 120000 shares (960$ value)
1 post of you and already LOST ALL of your credibility.. you will have to change your alias..LOL..here the T/S list FYI
15:56:30 5000 0.0085 + OTCEQ_NBB
15:47:09 1403353 0.006 - OTCEQ_NBB
15:36:15 323353 0.0065 - OTCEQ_NBB
15:26:54 25000 0.007 + OTCEQ_NBB
15:23:24 5387 0.0065 - OTCEQ_NBB
15:23:09 500000 0.0065 - OTCEQ_NBB
15:20:33 500000 0.0065 - OTCEQ_NBB
15:18:57 42000 0.0065 - OTCEQ_NBB
15:04:30 50000 0.007 - OTCEQ_NBB
14:39:51 50000 0.008 + OTCEQ_NBB
14:39:45 95000 0.007 - OTCEQ_NBB
14:39:42 5000 0.007 - OTCEQ_NBB
14:39:30 50000 0.008 + OTCEQ_NBB
14:08:15 10000 0.008 + OTCEQ_NBB
13:57:36 3050000 0.0065 - OTCEQ_NBB
13:48:42 900000 0.007 + OTCEQ_NBB
13:45:33 550000 0.007 + OTCEQ_NBB
13:43:12 600000 0.007 + OTCEQ_NBB
13:38:45 700000 0.007 + OTCEQ_NBB
13:22:30 60000 0.0065 - OTCEQ_NBB
13:03:45 65000 0.0065 - OTCEQ_NBB
12:55:18 50000 0.007 + OTCEQ_NBB
12:53:42 250000 0.007 + OTCEQ_NBB
12:31:54 1500000 0.0066 - OTCEQ_NBB
12:18:51 100000 0.007 - OTCEQ_NBB
12:18:03 100000 0.007 - OTCEQ_NBB
12:17:45 100000 0.007 - OTCEQ_NBB
12:17:45 100000 0.007 - OTCEQ_NBB
12:17:45 100000 0.007 - OTCEQ_NBB
11:51:09 100000 0.0075 + OTCEQ_NBB
11:51:06 100000 0.0075 + OTCEQ_NBB
11:51:03 100000 0.0075 + OTCEQ_NBB
11:46:54 125000 0.007 - OTCEQ_NBB
11:27:42 250000 0.007 - OTCEQ_NBB
11:27:03 25000 0.007 - OTCEQ_NBB
11:26:42 250000 0.007 - OTCEQ_NBB
10:33:48 50000 0.0075 - OTCEQ_NBB
10:28:06 1063 0.0075 - OTCEQ_NBB
10:02:00 5000 0.008 + OTCEQ_NBB
bye , bye ..pumper and dreamers..oh and observe the blocks below the bid prices..LOL..
Klusser..........same here, very difficult to sell...took me 2 weeks to sell halve of my position...left with 400k which I tried
to get rid off..to no avail till now..painting bids and ask..is all that is happening here..anyhow..I will stop posting here..
enough venting.LOL..just shooting my own foot posting facts..LOL
GLTY..
realest...read my messages again re: audits..
the difference in timeline is 16 month...you will have to acknowledge that my posts were just plain and simple facts..
again GLTY
realest...you misunderstood me..I was asking about some background info on Burmaster...not you..but nice to get to know you a bit better..LOL..anyhow...I agree on your investement in MLXO....I have quite a position there but too MLXO is no comparison to this one..think you agree..
GLTY
Last but not least!! you state this is a long term play??
first of all I would strongly advice that a PINK stock should never be regarded as an investement for the long term..80% of pink stocks never make it..(not saying that this one will not make it) ..long term play?? you have been in this stock for
1 year and 6 month?? and talking about investement??
here is a 2 year chart of IBCX..I understand your suffering ...
link:
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=ibcx&sid=0&o_symb=ibcx&f...
No offence intentioned , I hope..I am trying to get some facts about IBCX..and I posted them..the suspicious ones anyhow..
NOW , you obviously disagree with me, so please let me, and other shareholders, KNOW your facts of the company...
and no getting personal here..we are all into stocks to make money...same goal..thanks in advance for your additional information about IBAC corporation, other than the WEBSITE
due dilligence...Thanks
and here is an article complementing the last one in regards to auditing. note please , this PR is 1 year 4 month later !!!
yeah we are working on it..LOL..and btw. there were numerous other ones in between where Wayne said end of that month ..otherwise we fire the accountig firm etc..LOL
NEW YORK, Apr 05, 2006 (BUSINESS WIRE) -- IBAC Corporation (PINK SHEETS:IBCX)
today announced that they have created a special section on its company website
www.ibaccorp.com to keep shareholders updated regarding the progress/status of
the company's audited financial statements on a regular basis through
completion.
The company has taken this action to eliminate any questions or concerns regarding the ongoing process of obtaining audited financial statements and to create as much transparency as possible regarding the company's actions and direction, over the next several weeks many changes will be made regarding the company website and its subsidiaries website's so that the company can better communicate with the shareholders and public regarding its business activities, achievements and status going forward. Once the company has two years of audited financial statements completed it will file the necessary paperwork with the SEC for advancement to the OTCBB.
"We will aggressively continue to work with and provide any and all required documentation or information as requested by the company auditors to complete the task of audited financial statements, per the CEO Mr. Edward W Hayter, 'Wayne get this job completed as soon as possible so that we may apply to the OTCBB as soon as possible,'" said Wayne Burmaster, President & COO IBAC Corporation.
Mr. Burmaster also stated that, "revenues are increasing every month company wide and we expect to have a record year, the company continues to renovate and upgrade its existing properties while adding new acquisitions such as the recently acquired Bonita Springs Sanibel Steakhouse. We have several other acquisitions in several stages of negotiations with the expectations of additional deals being completed in the very near future."
ere is an old article about the Sanibel group..read it and wonder?? at that time they had 1 restaurant..what was the mentioned revenue?? where it it now?? just wondering aloud.oh and read the 2nd last sentence about auditing..LOL ..again look at the date of the news release....IBAC Corporation Receives an Unsolicited Offer for the Sanibel Restaurant Group, Inc
Business Wire, Jan 10, 2005
Find More Results for: "ibac inc "
IBAC Corporation...
IBAC Corporation...
IBAC Corporation...
IBAC Corporation Sets...
FT MEYERS, Fla. -- The Sanibel Restaurant Group, Inc. a subsidiary of IBAC Corporation (PINK SHEETS:ICAN), announced today that it has received an unsolicited offer for The Sanibel Restaurant Group, Inc.
"This offer by a fully reporting public company is unsolicited and only reinforces our belief that we are undervalued as a company" said Karl Wenzel, president of The Sanibel Restaurant Group, Inc.
The company will review the offer and determine if it is in the best interest of the company and its shareholders, The Sanibel Restaurant Group, Inc. upon completion of its contracted obligations will have 135 employees and revenue of 7.5M per year.
Through its operating companies, IBAC Corporation owns/operates and manages restaurants & food and beverage service contracts; the company intends to become a fully reporting company by the end of the second quarter of 2005 with a balance sheet directed towards the nasdaq small cap.
The company is currently negotiating other acquisitions and expect to have completed contracts very shortly. It is the intent of the company to increase its Sanibel brand throughout Florida.
realest..you seem to have read the articles correctly about Becker and you even state it now..did it not occur to you that it is a bit odd..that Becker overcharged (defrauded) the money to make the PAYROLL?? he did obviously not take the money for his own pleasure..but to pay Hotel expenses.??.that is a bit odd to me ..the Hotel turnover does not cover expenses and that is why we tried to sell the redneck Hotel?? although according to the PR we
were made to believe that we might make a profit of 1 million , which "might" be used for a stock buy back?
all a bit too much of a coincidence??
realest...so you are not Burmaster eh...ok..lets assume you are telling us the truth, then you must be pretty close friends with him, as for other shareholders it had been impossible to get any questions answered via e mail. And you have had chats with him?? whooow....BTW ..why are 99% of your posting on IHUB ..just reserved for IBCX...hmmmmmm
tell us where Burmaster comes from, please. You just want the good for all fellow investors here, don't you?? so tell us..and tell us if your "shareholder group" doubles their "huge" huge positions why the SALE below the bids...LOL..c'mon talk like an adult and stop talking about "groups" LOL . or are you a paid pumper??
the last few days we have seen quite big block selling...
either it is shorting or we have the company dilutung us...
I am afraid it could very well be the latter...
do not think it is a retail shareholder...
the last 4 days, so far, about 8.5 million shares were sold below the BID...that looks like dilution to me...hope not..but think its time to wake up and not dream on ..........
I still hope my suspicions are wrong...!!!!
we have an insider sale filing today..shows that
Cirillo and Pipolo and Rogers
sold some shares...I have no clue why they would sell that kind of ridiculous amount..scare the shareholder out?? I have almost as many shares as Cirillo sold...for a few thous of$
I am getting a little more clueless everyday with CKEI
no volume today..are the shares finally gone?? we could see a very interesting coming week...GLTA
I hope you are right...and I hope Hayter has common sense common sense and fires the CEO...Burmaster..has NO clue...
once we get news about changing of the managment this has a real chance to develop in something...but my wild guess is that Hayter, the money man, has taken notice of the skill (none) of his managment. !!!! Hopefully anyhow....
realest...sure, I do share your dream..LOL
that is what the CEO tells to the shareholders that ask some questions about his numerous PRs that have not come to fruition...
maybe you are Burmaster?? would not surprise me if that loser would post on message boards...read the different PR..and note the language the guy has...and btw. I will sell as soon as I get 0.008 for that lousy 400k shares I still hold of that SH......
and just a little advise to you...do not wait until the whole sh...hits the fan...BTW I have been in this for about 6 month now....and you should go back and read all the PR for the last year or at least the last 6 month...a lot of really odd things having been released...
guess the buyers found the discrepancies first. LOL
guess the deal is "on ice" at best. Just like so many stuff that Burmaster is touting..really fed up with this..each time I am trying to sell my remaining 400kshares the bid is immediatly lowered to the next 0.0005 lower bid...GLTY
btw. the so called CEO Burmaster is not answering e mails either in regards to any inquiries about this fabulous company.
Venting here..and trying to sell that POS , without a loss..