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IBAC Corporation Board Approves a Special Dividend
April 06, 2005 14:47:02 (ET)
NEW YORK, Apr 06, 2005 (BUSINESS WIRE) -- IBAC Corporation (PINK SHEETS:ICAN), announced today that its board has approved a dividend in the form of forward split of 15% for all common shares issued and outstanding as of May 1, 2005 (the record date). As of the record date, each Holder of 100 shares of common stock shall be issued an additional fifteen (15) shares of common stock. Odd lots shall be rounded up. The mail date for the additional shares is May 15, 2005.
"I requested this special dividend to reward shareholders for their loyalty," said Edward W Hayter President.
Forward Looking Statements: This information includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel as related to the restaurant industry. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
SOURCE: IBAC Corporation
IBAC Corporation
Investor Relations, 718-891-8188
Fax: 775-320-5437
Investorrelations@ibaccorp.com
Copyright Business Wire 2005
Anyone???
http://www.investorshub.com/boards/read_msg.asp?message_id=5855296
So let me get this straight <JRIV>, because i'm really not that smart....
He can convert the preferred to 960,000,000 common? Is there a time frame for this?
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001140361%2D05%2D002306%2Etxt&FilePath....
5. Number of Derivative Securities Acquired (A) or Disposed of (D)(Instr. 3, 4, and 5)20,000
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4) 960,000
Converted 20,000 shares of Series A preferred stock into 20,000,000 shares of common stock on February 1, 2005 on a post-split basis.
Like???
EZTO has several serious rumors flying around
65% off red light special <So far>
I like it !
Dave
Jim,
Any insite on this?
http://www.investorshub.com/boards/read_msg.asp?message_id=5855296
Trying to figure it all out.
Thanks in advance,
Dave
Not sure how I wandered over to this... <UCHB>
Isn't the Current market cap $4,750,000.00 ?
<.095 x 50,000,000>
Common stock, .001 par value 50,000,000 shares authorized,
6,188,020 shares issued and outstanding
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001015402%2D05%2D001489%2Etxt&FilePath...
So let me get this straight <JRIV>, because i'm really not that smart....
He can convert the preferred to 960,000,000 common? Is there a time frame for this?
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001140361%2D05%2D002306%2Etxt&FilePath...
5. Number of Derivative Securities Acquired (A) or Disposed of (D)(Instr. 3, 4, and 5)20,000
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4) 960,000
Converted 20,000 shares of Series A preferred stock into 20,000,000 shares of common stock on February 1, 2005 on a post-split basis.
Is there a specific timeframe?
Assuming the stock price erodes long enough to diversly affect financing/funding, where would buying pressure come from?
naked shorts increase the demand for shares of stock in the company beyond what it legally should be. How can that be? Because even naked shorts have to cover sometime
OT:
If that was you, would you want your life extended like that?
OT
If that was you, would you want your life extended like that?
Not that it matters, but the lack of water will be the 1st thing to kill her.
Huh?
Stock symbol JRIV has 4 market makers on the bid side on Mar 15th... shows strong support for the price.
How does MM's on bid on March 15th, show support now?
Aren't there 18 MM's at .0001?
Sorry if these are stupid questions, but i'm no L2 expert.
Thanks in advance,
Dave
You'd have more credibility if you'd talk in english, man....
What does this mean?
JRIV on watch 4 mms on bid now Mar 15th
Level II Quotebook
Time MMID Size Bid
07:30 DOMS 50 0.0001
07:30 FLCR 50 0.0001
07:30 ETRD 50 0.0001
07:30 HILL 50 0.0001
07:30 PERT 50 0.0001
07:30 PUGS 50 0.0001
07:30 SACM 50 0.0001
07:30 VFIN 50 0.0001
07:30 HDSN 50 0.0001
07:30 FRAN 50 0.0001
07:30 TASL 50 0.0001
08:01 BAMM 50 0.0001 ↓
14:22 SEAB 50 0.0001 ↓
14:22 VNDM 50 0.0001 ↓
14:24 SCHB 50 0.0001 ↓
14:24 NITE 50 0.0001
16:00 JEFF 50 0.0001
18:01 BEST 50 0.0001 ↓
07:30 TRAC 0 0.000
07:30 GNET 0 0.000
07:30 DATA 0 0.000
Ask Size MMID Time
↓ 0.0002 50 NITE 14:24
0.0003 50 TASL 07:30
0.0003 50 SCHB 14:24
↑ 0.0003 50 JEFF 16:00
↓ 0.0003 50 BEST 18:01
0.0004 50 SACM 07:30
0.0004 50 HDSN 07:30
0.0005 50 PUGS 07:30
0.0006 50 ETRD 07:30
0.0008 50 FLCR 07:30
0.0008 50 SEAB 14:22
0.001 50 VFIN 07:30
0.001 50 FRAN 07:30
0.001 50 VNDM 14:22
↓ 0.0026 50 BAMM 08:01
0.003 50 DOMS 07:30
0.05 50 HILL 07:30
1.01 5 PERT 07:30
Why do you guys think it will reverse & move/gallop?
Trying to get a feel for all this stuff
Thanks in advance,
Dave
L2 anyone?
As with everything in life...
Take the High Road
Good luck,
Dave
It really doesn't say purchase ICAN, just they are buying to $.01, no?
buying a large portion of its ICAN stock on the open market. The private group of investors has committed themselves to buying ICAN stock up to .01
50,000 buys at .0003 isn't gonna get it done!!! <LOL>
And, who gets to buy before the open????
JACKSON RIVERS CP (THE) - Nasdaq National Market: JRIV
Time & Sales most recent next page
Rec. Time Action Price Volume
11:31:48 AM Trade 0.0003 50000
10:46:14 AM Trade 0.0003 1000000
9:48:38 AM Trade 0.0003 1500000
9:35:32 AM Bid 0.0002 5000
8:01:36 AM Bid 0.0001 5000
8:00:20 AM Bid 0.0002 5000
7:56:10 AM Bid 0.0001 5000
7:55:36 AM Bid 0.0002 5000
JRIV to da moon!
So I should buy more than to average down my .0048 costs???
LOL !!
If you don't mind me asking...
based on what?
i like jriv to go above .001 soon
Can it actually go any lower?
Unbelievable...
what a POS !
Ask getting hit pretty good today !
has anyone seen info on the EZTO/EZ2date dividend spin off?
Any specifics surface yet?
Ex date, etc???
Hope all is well,
Dave
Been lurking for a while Rig/Ez & gang.
Love the board...
Thanks for all the hard work.
Its appreciated.
Hope all is well,
Dave
ummm, stupid question, i guess...But....
Who is BB?
Why would they break the 500K & 100K shares up with 500 & balance in 2 trades?
Never really saw that on such a POS before...
Just curious...
WANG??????
Have a good day,
Dave
1st post - Lurker for a while.... Just think of all the JRIV I could have bought with the $89 <300K> - lol
Anyways - Wang/Pd - What do you make of the trading today?
Time & Sales most recent next page
Rec. Time Action Price Volume
3:08:52 PM Trade 0.0003 789500
2:57:36 PM Trade 0.0003 99500
2:55:28 PM Trade 0.0003 500
2:50:14 PM Trade 0.0003 499500
2:49:58 PM Trade 0.0003 500
2:14:00 PM Trade 0.0003 223500
10:18:34 AM Trade 0.0002 5500000
10:12:26 AM Trade 0.0003 100000
9:56:02 AM Trade 0.0003 5000
9:37:14 AM Trade 0.0003 500000
9:32:54 AM Trade 0.0003 1000000
Did they actually break it into subsales?
Like your thread, keep rocking!
Dave
Whats your take on all this booy?
Kinda like a play in here somewhere...
Thoughts as to the best play?
Highest risk/reward?
Safest/long term play?
Hope all is well,
Dave
dave501 - Ive been watching your discussion with Laker about O/S & A/S being about the same (BWDI), and it being a good thing for the stock.
While I think that bodes well for PPS, I am in agreement that it doesn't leave much room for Company growth to finance ongoing operations.
I'm not smart enough to figure out all the S-8's, etc...However, isn't this a problem if they have no A/S to dip into - From the 10Q...?
Overview
The Company derives its revenue from monthly and in some cases annual fees for wireless broadband internet services. During the three months ended December 31, 2004, the Company made one acquisition that increased the customer and revenue base of the Company. The Company also focused its business efforts on expanding its wireless broadband network. The Company continued focused on raising capital through private and public placements of it preferred and common stock essential to providing the capital to expand its wireless broadband network and servicing its debt.
Especially since there is a net loss for 04 of $726K???
Anyone have ANY thoughts?
I own a few hundred thousand shares @ .017 approx.
Dave
You'd have lost an 3 bagger so far
Sometimes, it just make sense
Happy trading
Dave
Sounds discustinn, but interesting !!!!
One human study found that fenugreek can help lower cholesterol and blood sugar levels in persons with moderate atherosclerosis and non-insulin-dependent diabetes.4 Randomized and uncontrolled studies have confirmed fenugreek helps stabilize blood sugar control in patients with insulin-dependent and non-insulin-dependent diabetes.5 6 7 It helps lower elevated cholesterol and triglyceride levels in the blood,8 including in those with diabetes,9 according to several controlled studies. Generally fenugreek does not lower high-density lipoprotein (HDL) cholesterol levels. This type of cholesterol is believed to be beneficial.
And this is a plus...
Contraindications
Use of more than 100 grams of fenugreek seeds daily can cause intestinal upset and nausea. Individuals with peanut allergies use with caution or avoid. Otherwise, fenugreek is extremely safe.
Have a good weekend everyone,
Dave
Running again ?!?
Did you pick up some at $6 this am like ya wanted to?
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http://www.starwoodhotels.com/promotions/promo_landing.html?category=WH_SIRIUSSUITES&IM=WH_SO_SI...
Per their website, for what thats worth...
TRADING SYMBOL
ICAN.PK
OUTSTANDING SHARES AS OF 1/26/05
6,030,743,925 Restricted In Managements Control
1,307,271,661 In The Public Float
http://www.ibaccorp.com/corporate-info.php
Dave