Oh that one's a sad story indeed. I really admire Angel for hanging in there as Mod on that one.

I think perhaps he's hoping for a good deal on that macaw at the fire sale? LOL

That PKTO was looking pretty good yesterday.

Go PKTO Go. ATVR waking up.

Too bad about Choice. Will check out AT or Lowtrades.

Holding EQBM and METP for news. Flipped EVSA for a little green last week. Been watching DANS, EVSA, ICTN/RLTR, SOYO, and a few others.

Hey bad1968 ... doing pretty good. Been playing around with MCF and doing a little DT lately. Trying to stay away from dogs like IBCX LOL.

Saw that you guys were tracking some of the same stocks as me ... so thought I would mark the board and say hi.

BTW ... anybody have a good recommendation for a penny-friendly brokerage? Scotty's killing me with all the restricted issues. Thought maybe Choice or AT.

Howdy guys. USAC ... WOW

Ack. Scotty's restricting it again. Would have been nice to pick up some more at .05

One other observation, Robert. With the number of shares that Kip appears to have ... and the number of shares that Capital Builders appears to have ... I'd say they there's a vested interest on their part "not" to execute a significant R/S, if they even do one at all. JMHO.

Re: picture of CEO...



LOL. Sorry, couldn't resist.

LOL. Now why do I feel like Larry's email is like that old Beatles record. Has anyone tried reading it backwards yet? Maybe we'll find out who really killed JFK.

That's his domain registration ... but the company that hosts his web site, and likely his email account too, probably gets paid month to month. I would imagine they would be more than happy to pull the plug on both for non-payment.

You never know. Anything's possible with Fast Eddie

No, that's what it looks like when you neglect to pay your web host .

Woo Hoo!

http://quote.barchart.com/texpert.asp?sym=METP

That's ok ... Larry's probably tired of his accountants telling him next week, as well

Oh that's not bad. For some reason I was thinking it had been longer since our last comm with Kip. That's not quite 30 days.

Thanks Robert.

Ok -- obvious enthusiasm aside, the original get-r-done date was the beginning of the year ... now we're in February. Has anyone tried contacting Kip lately to see where things currently stand?

Looks like Ed owes back property taxes for his spread at 165 Jaffray Street. I assume it gets billed/paid quarterly, instead of yearly, because of the property value and amount of tax revenue in question.

http://nycserv.nyc.gov/NYCServInquiry/NYCSERVMain

Property Tax takes a first position amongst any liens that may be placed on a property.

Wonder if he's late on the mortgage too.

LOL. Touche.

And Ed and Wayne both are listed on the Bonita Springs registration with the Florida Secretary of State.

Looks like the number of states where Hayter can't show his face are growing by the minute.

Think they have him on the side of any milk cartons in Tennessee yet? LOL

Ah jeez. The thing about sales taxes -- they *never* go away. Ed can file bankruptcy against the creditors, but he'll never avoid paying the taxes IMHO. And those folks want to be paid first.

If he collected sales tax and didn't send it in, they're going to be on him like white on rice. And yes ... they will show up unannounced, clean out your cash register, and shut you down.

Stick a fork in it. This thing is done.

You know, the thing that really kills me... We can all conclude at this point that Ed and Wayne don't know a great deal about running a hotel. But look at Zions Bank ... within 24 hours they had a hotel management company lined up to take charge of the Royal Arkansas and have it open for weeks end. Tell me why Ed Hayter couldn't have done the same thing.

That he hopes his HughesNet works well down in the Bahamas. He would really miss all of our engaging IBCX conversation here on IHUB.

LOL.

OT: Thanks Angel.

But of course. That's why they're suddenly trying to come clean on everything.

Take down the Turner Hughes website, disclose the IBAC share structure, remove all records (paper and electronic) from the Royal Arkansas.

Sounds like someone's starting to worry.

Hehe. Sorry Gary ... perhaps that was a bad example. FWIW, it was a memorable idea though LOL.

John

OT: I don't have PM capability, so just wanted to say thanks to everyone who sent a note this afternoon

jrdig -- definitely agree. I'm just thinking we're seeing the course of normal business right now, not so much bad intent. Given another week or two w/no news, however, and I would be inclined to change my tune. For the moment, though, I think it's all good JMHO.

IMHO ... some posters are putting way too much stock into what is, admittedly, a tentative timeline. Larry has reached an agreement with the other party, and now appears to be waiting on lawyers and paperwork.

While I've been silently sitting back watching from the sidelines, I can't help but laugh at the "it's not done yet ... Larry lied!" comments. Anyone who has ever closed a business deal, or on a house for that matter, should not be the slightest bit surprised that it's taking time to get done.

Larry would be an idiot to PR something before it's inked, and we really shouldn't hold his feet to the fire over informal communication. When it gets done, it gets done ... plain and simple. Meanwhile, we should throw the man a bone and acknowledge that ... so far ... he's done everything he said he would. That's pretty impressive for a pink sheet company.

I'd also lay off bugging Ms. Hui. They're trying to finalize a business deal ... and Larry's stock holders keep bugging her every 5 minutes going "is it done yet?". If I were Ms. Hui, I'd be thinking like "what kind of scam are you running here Larry ... are you so fly by night that your whole company hinges on this one deal?" and "why do I keep hearing from these people that don't even work for you?". That's like ... borderline stalking, people. Who was it that suggested we camp out in Dallas and do surveillance on the meeting? LOL. Geez...

Reaping ... IMHO not even FGFC action will deter the CEO from diluting this thing into the ground, then executing a R/S at the end. As long as the T/A remains gagged ... the game is still on.

Only when people stop buying ... as has recently begun ... will the company take action. At that point, I'm expecting a few carrots will get thrown out to entice us to start buying again ... so that the dilution can continue.

Now what's really going to be funny is if investors get absolutely fed up and decide to hold out for real news (not fluff), and refuse to buy this POS until they get it. Ed would have to re-think his strategy, and possibly deliver on some of his promises. I still (personally) do not trust him to do anything in the interest of shareholders ... but at least he might throw us a bone in that scenario.

Just my opinion.

IMHO ... there seem to be some good people on the IBCX team. It's a real shame that doesn't include the CEO.

Read: The volume has dried up and no one is buying. Guess we'd better start throwing out some crumbs (crust, actually) so we can keep dumping our shares.

Well if Ed would stop this toxic financing business ... I'm sure his standing with the shareholders would improve.

It's easy Hipster. Just plug the phone number from their press release into Google and you come up with a physical address on Ocean Avenue.

The other thing that seems attractive about this issue, IMHO, is that it always seems to have healthy levels of volume. Even on a bad day, IBCX seems to have more activity than many other penny stocks do on a good day. That should be good for price movement once Ed finalizes one or more of the events currently outstanding ... and follows up with a good PR.

Nah ... we're just pondering Angel Hill's last post LOL.

Wow ... just catching up on the posts, and it seems like a lot of activity today.

AngelHill and Binzer, good to see you back as Asst Mods again. The optimism that you guys show for the stock, even during trying times, is always appreciated. I just don't get these individuals that have so much free time on their hands to continously bash IBCX. Claiming it's for the "greater good" ... certainly they would be somewhat positive (but not necessarily naive) if they actually owned shares of IBCX. If they don't own the stock, why waste precious time here when it could be put to better use researching a company they did believe in ... and making money. Agree that it sounds like an agenda. But enough about that.

The electronic filing PR (although a little poorly written) sounds great, because it will make it easier for IBCX shareholders to retrieve and review future filings. The ones that are done via paper can only be retrieved by paying Thomson Research customers, which most of us are not. Going electronic will mean availability via Edgar, and better transparancy for more shareholders IMHO.

Today's buying activity looked very good. Seems like we're starting to get some accumulation. Somebody must know something <grin>.

Last observation ... good points brought out by Johncee in his postings. I tend to put more faith in official company PRs than I do in heresay and message board postings and, provided that Ed and Wayne aren't flat out lying to the investing public, today's PR really does fall in line with what the company has previously said that it's planning to do. Last we heard, the plan was to execute a R/M into an OTCBB shell. Well, it stands a reason that electronic filing would be a necessary component of that (previously announced) game plan LOL.

Robert,

PM me with an email address and I'll shoot those two filings you way at first opportunity.

Merry Christmas!

Does anyone have any ideas as to where old filings might be located?

Thomson Research shows six REGDEX filings for the company, with dates ranging from 8/25/1994 - 6/23/1997. The 11/24/1995 and 6/23/1997 filings are imaged and can be viewed online.

Thanks Mick. Finally got a chance to catch up on postings, and it was a pleasent surprise to see that there had been a credible contact and communication with Ed Hayter.

I suspect IBAC management won't be able to do very much with the holiday upon us (a lot of players ... attorneys, etc all taking off) but am nonetheless impressed that they're trying to close the CC deal for 12/31. That might be a little optimistic IMHO, but it shows that they're not letting the grass grow under their feet.

Binzur -- good job.

Everything that you relayed makes perfect sense. Aside from those who have an obvious agenda to see the stock price go down ... the rest of us should feel *very* good about the company and it's short term prospects. I know that I do.

On another note ... I too saw the phone number for Wayne Burmaster posted and, by doing my own DD, determined that it was "more than likely" his real home telephone number. Would *never* dream of calling the man at home, however, and I would highly recommend that all board participants extend Ed and Wayne the same common courtesy. For better or for worse, those two gentleman work pretty hard ... and don't need one more thing to worry about and/or deal with at the end of the day IMHO.

GLTA ... I really do think we have some good days ahead of us with this stock.

Ah hahahaha... That's classic man, classic.