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reapingprofit; Your speculation is interesting here. I did check the times you mentioned in those posts and you are correct. That would just be totally unbelievable that a CEO of a company would anonymously post on that companies IHUB stock board. I guess in pinky land there are no rules!
Matt or Grub made the decision to put you in jail. They have left you out and it looks to me like your restricted by them to see if you will play nice. It is their decision as to when your posts go up. I am not familiar with the policies so you would need to communicate with them.
Keep playing nice and they may let you play more!
Binzur
Hipster; I do not see IBAC corp anywhere in what your DD just dislosed. Am I missing something? What about the corporations you listed
RCC Management Company and
NYLKOORB MANAGEMENT GROUP, INC
I see businesses that have been represented to be assets of IBAC corp. Shows owner as Edward W. Hayter.
I have to head out for a bit but I sure look forward to your reply!
Binzur
That is why there are buyers when there are sellers! LOL! My point for you is we have not established a new clear bottom at this point and what looked to be a solid base above .002 got breached. This does not look like a good time to buy and I won't.
This may look like a good time to buy to you and like all traders you need to make your own decisions. Just trying to answer your questions and I do appreciate the nice manner that you post.
JMHO
GLTY
Binzur
The problem is how do you know when the company is done diluting if it is. History clearly shows that it will take this as low as it wants to get the money the company wants. I know many are talking about averaging down but that is a real bad move at this price point. It seemed it was a good move around .002 as it seemed we had built a good base there. Look where the price is now. I bet everyone who averaged down at .002 wished they hadn't! What happened was many were buying what IBAC was diluting and the price stayed the same. Then it broke through the .002 level, many sold and the price has dropped daily. I do not believe the company is close to being done with raising the $1,000,000 per year threshold the 504 regdex allows. Hasn't had enough time this year.
The company can clear everything up by ungagging the TA. Put up or shut up time and I have no interest in buying any of the dumping the company seems to be doing. NONE!
Watch for delays in pending news. The first came out on the Country Club. Ed flat out told me he wanted that deal closed in 2006 and he didn't care if it took until 11:59pm on December 31 to get it done. This was a deal with a bank! Should be very easy to close. Has it closed.
Where are the AF's. Sure seems now that was part of the pump before the dump!
The details or lack of details of the spin off is a big red flag to me! Read the PR and look very close.
Reverse merger into OTCBB. Heard that many times in the companies past. IMHO we are being diluted into another R/S if the merger happens at all.
So to answer your question if TA ungagged and no dilution yes the price could get back to .003-.004 range fairly quick. If the dilution continues I would wait on buying any more to average down as the price is still going lower.
JMHO!
Binzur
cwy48; You talk about all of the assets that IBAC has. My question to you and to this board is has anyone verified who actually owns the assets. Who owns the restaurants, Royal Arkansas, Memphis Airport hotel. I am really beginning to wonder if anything can be trusted in pinkies! LOL! There are so many shells these guys play with and I have seen Ed's name connected to many different ones. I think before anyone sinks anything more in here this is very important to verify! I know many here have dug real deep. Have you been able to confirm what entity owns these assets?
I have been told via pm that Ed again was emphatic that they are not diluting, said to a poster here in another phone conversation. He was asked why he won't ungag the TA and gave the same dodge response! This was before we were looking to see if he will participate in a CC.
My response to you Ed if you are not diluting stop with the BS excuses and ungag the TA immediately. Simple as that!
I look forward to any information! TIA
Binzur
wallymac; we have all the PR's that are needed. Starting in October and right through December 18.
Go to the top of this site and read all of the news and then tell me one thing that has been delivered besides the share dividend. The share dividend was a huge mistake! It diluted the share structure without any money going into the companies account. I wish they would have sold those on the market and at least gotten the $$$$ for the sale. Some here feel that was a "smokescreen" to dilute shares. They may very well be right!
A two minute call ungags the TA! Simple and easy. The AF's are in hand, file them! If not retract the PR! Two real easy things that could be done but haven't been done. The price per share keeps going down and down and people here keep buying more trying to average down. It is a losing battle.
That is why IMHO Ed needs to be in a public forum. Everyone can hear the answers just like the recordings provided from the last time.
JMHO!
Binzur
Ok but that is not what you posted. Ed has said the share price should be at least .05 so the math changes. You did not say market cap and Ed has definitely said this share price is grossly undervalued.
Binzur
Many have gotten the same answers. We need to get all on a conference call. That should be the primary work of anyone who gets a call back. Does no good to take 45 minutes of his time and then report back here the same stuff we have already heard. Simple and straight to the point that we want a shareholder conference call ASAP. Easy as that. If he says no then we work on plan B.
binzur
I have not seen anywhere that it has been reported that Ed Hayter has said to anyone that "the entire company is now worth less than $600k"! That is just plain false! Where do you come up with this?
Binzur
More work done on the website. Flyer is being added.
http://www.suljabros.com/pdf/
Pop and others call him today! Let's not wait til next week to start calling cause at this pace we will have 000 in front of a number by the time we get this set up. People that have talked with Ed start calling today! I am available every day after the close of trading to moderate a CC.
TIA!
Binzur
I will not be the one to contact Ed Hayter. I told this board before Christmas that I would try to get a hold of him. Was shocked that I got a call back and had a very respectful conversation with him. There are others here who have talked to him more recently. I have gotten bashed and called an insider and don't want that again.
I would perfer some of you call and leave messages and when you get a call back politely suggest the idea of a Conference Call. I am out til this afternoon, I will set up an e-mail address that people can e-mail questions over the weekend. I will be available a lot over the weekend and can get pm's as well for those who have that capability. We need to get this done ASAP! He needs to ungag the TA now or he won't be able to dump any more shares because the price will be to low!
Keep up the good work!
Binzur
Now this is the way this board should work. Very good ideas! All working together. I actually like a combination of these! I am not a big one on two shareholders having a private meeting or two or three shareholders having a CC. Just saw that play out on that other board and it was ugly for the people who met with the company. I do like the idea of a moderated company CC. All could listen in and the moderator would ask questions some prepared in advance and possibly have the ability to get questions during as well.
Now I really have no idea how to set this up! I have been on the phone for a number of conference calls. I would be willing to serve as the moderator. I do not have the knowledge to know how to set these up. Team effort is needed and then we need to get a hold of Ed Hayter. To go with the CC he is going to have to ungag. Nothing he says at this time will work for me. He has to ungag and it needs to be very soon!
Great job and lets work on a plan.
Binzur
Many here have talked to Ed Hayter and he has told them the same things. I haven't spoken to him since Christmas. Many have talked to him and the things being reported from conversations this week are different than what I was told. The CC may be delayed because of an inspection. He knew the structures on the property needed work and he told me they were going to renovate the clubhouse. I would not think an inspection would change that much. Sounds like it has though.
When I listened to the radio interview it was his voice so I have no doubt it was Ed. Many of the same things that were being promised in that interview are being promised again. But we are all here watching the daily drop, drop, drop in the price.
We have no details on the spin off. I have speculated that we could get shares in the spin off company equal to .01 per share. My estimate was based on 225M shares and the fact that the officers and board members would not receive any shares from the spin off company. That number could be 500M now. I say could...we really don't know. That would mean that the .01 estimate is actually .0045 per share. That would be great and is still possible if the spin off happens and we are fairly treated. Are we going to be fairly treated. I have no idea! None of us do as we have no details.
I have lost a bunch here as have I would think most everyone here. We need to have a good discussion today on what we as shareholders need to do to get some answers on the record. Lets have a healthy discussion as a group as to what we need to do. Work together and then the Company has to answer to us the shareholders.
Binzur
Welcome back. That is a very valuable link. I now have it on my favorites area and appreciate your providing this. It will come in handy. Thanks as well for the excellent work on the post I copied and pasted here. There are some educated guesses in there but it gave me a better feel for where the actual O/S sit. We really don't know! We will need to work together as shareholders to find out!
Binzur
Here is the post I mentioned in my previous post. I was posted by reapingprofit on a different board. It is very good work and all should read. I feel this is important for all to see.
Binzur
"If I could post on IHUB, this is what I would post in response to the post about SBSH and HDSN being camped out on the ASK...
First of all, both have been the most active traders, by far, for the months of november and december...with SBSH doing just about all his trading in those two months.
Let's assume that, if they both were only dumping shares and doing nothing else, which we know is not happening, they could have only dumped a maximum of 528M shares for the ENTIRE year. We need to add another 140M shares traded for the month of January so far. And, we know that they were not all dumped shares, except possibly from HDSN, who is the MM of choice of CEO's when it comes to share distribution (dumping).
Also, knowing that the total number of shares TRADED in 12 months by ALL MM's to be 1,046,000,000B shares, this is the most that anyone could have dumped. Let's say, for the sake of math, that half of those shares were legitimate, and that the other half was dumped by Eddie boy...based on these true numbers, the O/S could have only gone up 500M shares, max...and probably one could cut this number in half, as HDSN is the MM that is the dumping machine, and his total numbers for the year are 346M shares traded...
Knowing these numbers to be factual, I think it is safe to say that the last O/S was 221M shares, I believe, and that the O/S of 400M shares mentioned by Eddie boy to someone in the IHUB board is probably a bit low, due to Eddie's tencicies to "stretch" the truth...LOL...
The worst case scenario for dumping, based on the monthly share volume report would put the O/S at somewhere around 700M shares...
The best case scenario would put the O/S count somewhere around 500M shares... I believe that at least 100M shares have been dumped in january, and the collective total will probably place the O/S count between 600M - 700M shares...
The numbers do not lie, and, even though Eddie is again diluting shares, he probably has learned how to better do it than the flooding of between 10B - 17B shares that he dumped in ICAN, before the R/SCREWING...
If he is actually trying to use the shares for business purposes, that would be OK... But, the question is has the "old" Eddie changed his ways and is now becoming the "new" Eddie, who is actually trying to run a legitimate business? History tells us, with the gagged TA, the dilution of shares, the promises to shareholders that never come true, that he has not changed... Time will tell... All JMHO, of course, FWIW"
I have to agree. I have come to the conclusion that the company is d.....d......dil......crow time diluting and selling shares on the market. To be honest I wish they would have done that instead of giving 60 million shares in divi's December 15. That was a real dumb move. Company got nothing and the stock got diluted. That combined with the company diluting in November and December is why this price has slowly dropped and dropped and dropped! We are now enduring the same thing as this is 2007! New year and can dilute again. It hit me when I listened to the radio interview liable had provided earlier today. Ed stated the 504 allowed the company to sell $1 mil a YEAR in unrestricted stock. BAM! (this is not a direct quote and it was the per YEAR that hit me) I called the SEC to find out if in fact that 504 filing is still active but my gut and the trading and the daily drop in price tells me it is. I hope to hear back from the SEC on Friday.
I will be posting in the next post a very good piece of work that I read on a different site. It was done by reapingprofit and if he posted here in the respectful manor he did in this post he wouldn't be in jail! I hope he can get out of jail and contribute more to this forum. We mods never delete messages because they are negative. We delete messages because all or part of them violate the TOU that IHUB has set up and all agreed to follow.
There is no reason to PANIC. Read the next post as well. There is reason to keep our eyes open and mine have been and are wide open.
Binzur
Thanks eelfland for clarifying the development you reported earlie.
Binzur
You just don't get it so I will try to help you. THE SEC and the OSC are involved. No one but the company or their attorneys should be communicating with the shareholders. Now the harsh reality is where did all of Airys inside company information get you? If you don't realize it .004! That really did you a lot of good now didn't it. If you still own the stock it seems to have stabilized for now. Wait for proper public disclosure of information from now on. JMHO!
Do you really think anyone would be stupid enough to jump into the frying pan that Airys just got out of?
GLTY
Binzur
They were paying cash for the CC so I don't think you are close there. Now if the dilution theory is right maybe people bought the stock on the market. So you can't have it both ways. They are buying from the bank and I doubt the bank will take stock! Nice try though!
Binzur
Liable; That would tie in with what pop said about an inspection. First I heard of an inspection was today so your description here ties in with that. Being in constuction if there are defects in the stucture or building that has to be disclosed and I have seen many sales prices adjusted to compensate the buyer who would fix the problems. That or the owner must repair any defects or problems. As they were going to renovate the clubhouse I would negotiate a lower buying price! That is just me. Thanks for the info.
Binzur
There is not enough land to build that many homes and keep the Country Club. The estimates in the pr were wrong with what they are now planning on building. Even with townhomes you would not get that many units. Had heard a gated housing community of 40-50 homes. I haven't seen the plat of survey so I can't confirm that is doable or not. They would be more upscale homes and eelfland had reported that there was another gated community that sold out very fast. Not sure if that was the lots sold out or lots and houses but if builders are buying the lots they must believe they are going to be able to sell the homes!
Binzur
graphrix; Very nice post with facts to back it up and that confirms to a point what I have been told. A motel behind IBAC's sold for approx 4.5 mil and has 60 less rooms and no restaurant. I had asked realest to check it out but never heard anything back from him. Don't know the name of that motel but it is right in the neighborhood. If true that valuation is even low and our hotel is closer to 5 mil invalue. I believe we only own 51% of that but it is still nice. Can you check out what might have sold near our motel there? TIA
Binzur
Welcome fully back in IBCX pop!
Thanks for your post. There is one big difference between the past and now. When the major dilution took place in the past as you and Mr. Ed point out so many times, I was told there was a regdex 504 in place which allows the company to sell shares on the open market. It must be filed within 15 days of the sale. You guys have been screeming dilution for over 30 days. Where is the regdex form 504? There is a 506 on file for private placement of restricted shares. There is no 504 on file for IBCX and your dilution theories are incorrect. In my discussions with Ed Hayter he stated to me that he had a 504 in place and that allowed the run up of shares (in the past run up). He stated that is why he has a 506 in place so he controls any share placements. It sounded like someone else had some control over the 504 as well as Ed. He stated he didn't want to make the same mistake that was made in the past.
I have gathered that Steve may not and I say may not have issued any of the PR's. He was the CEO and should have been aware as his name was on many. Someone in Detroit had authority to apparently issue PR's on SLJB's behalf. That part is a mess. I am also wondering if it was John Sulja, the father or John Sulja Jr. the son that was on the one nominee account. I originally thought it was the father but I now believe it was the son. Either way Sam Sulja, John Sulja and Vladko (cousin) Sulja were all on the nominee accounts that traded on inside direction, and manipulated the stock prices of both LFWK and SLJB. That would make the family name mud! JMHO!
Mr. Ed; "I make nothing personal". You basically called anyone who has posted here that they have talked to Ed Hayter the CEO of IBAC, a lier. "I consider everyone of those posts to be untruthful,that is just imo". That right there made it personal for many quality people who spoke to the CEO of this company and shared that information with this board, myself included. We didn't have to share any of the information but all chose to. Wanted to help the other members of this board have the current updates on information that the CEO has provided via PR.
For that I have been attacked on that "other board". My integrity has been questioned by some here as well. Now that at least 10 people have also posted information it should be obvious that I am not an insider and the CEO of this company does return shareholders phone calls. Maybe its the way you message things that is responsible for you not getting called back!
GLTY
Binzur
You see there is the problem. We don't want a thundering heard! Imagine that, trying to co-ordinate information from all of the thundering heard and then having to field calls from the thundering heard!
I would imagine that there will be a time when anyone who has lost will be able to join a class action after it has been established. There may be many different ones that end up being rolled into one big class.
I am sure more information will be made available to people who have lost here at the appropriate time! JMHO!
LOL! If that is an either/or I choose....the PPS going up! How about truth and the PPS going up that would be answer "C"!
Good post qas. He actually had or has a spot on the company site for this. Think maybe Ed should use it? LOL! That is a very good idea and should be forwarded to the company.
Binzur
Many posted here today that they sold. This has just been churning and absent any news it isn't going anywhere but sideways or down. There are better plays than this at this time. JMHO
Do you really think that any trusted poster would jump into the frying pan that Airys just got out? I would hope that any trusted poster would have to have more brains than that! JMHO
My feet are hot just thinking about that frying pan! LOL!
Where have you been Mr. Ed or better yet what are you drinking. At least 10 people who post here have talked to Ed Hayter in the last three weeks and have posted about it! You are really cracking me up and I know what that means......dilution! LOL!
When is the last time this stock has run? I am talking about this stock at this time and you are wrong. Sell above the ask on a major move OK..fine! This isn't moving so my example and pop a tops post makes total sense. The only move this stock has had is down or sideways for over a month so your post just doesn't wash. JMHO!
Dilution POP, that was dilution! LOL! I know as I was up early and appreciate your candor. Keep this in your sights and be ready to get back to where you were before you sold.
Binzur
Mr. Ed; I have to disagree with you on your statement that selling at the bid means dilution. In this stock today the bid was .0019 and the ask was .0020 early in the trading day. If one wants to sell and not mess around they sell their block at the bid. I know that happened today and many times I buy at the Ask and sell at the bid when the spread is so tight. No reason to mess around. I have watched traders get stuck chasing because they try to buy at the bid and can't get filled during a run. Had they put a buy in at the ask they would have gotten filled for much less than they ended up paying.
JMHO!
Binzur
derf1; Thanks for the update. I had said here today that I would give Ed a call and did not. I decided that I am not the mouth piece for the company. I told this board back in December that I would try to contact the company. See my posts just before Christmas and the day after. That is the only time I have had any contact with the company.
It is good that Ed communicates and returns phone calls. I have to agree that the time for public filings is long past due and that is why this is trading where it is. Some made decisions to get out today and move to another stock that is moving up instead of sideways or down. Don't blame any of them and maybe if we get some public news they can get back in.
Ed it is time to get some credibility to the company. Figure out a way for a conference call, something this week to the TA. I will join any call if it can be arranged. Then posting an update once a week on the website is a good idea. MAKE SURE IT HAPPENS! Close the CC! Spin off details ASAP! Finally OTCBB.
I did like that they have the cash to both buy the CC and also do the OTCBB. In the unaudited financials they did show 800+k in cash and 900+k in receivables as of Sept 30, 2006. More than enough to get both done.
Hope we see something this week!
Binzur
I have removed posts with a phone number other than the companies number. I asked that it be sent via pm but should not be posted on the IBAC site as it is not the IBAC phone number.
Thanks for understanding!
Binzur
Janice can you help me out here. Vucicevich stated in the interview that he directs the trading to keep price at .012. Shouldn't that be .12. Also they have raised 7.8M by trading approx 150 million shares in this manner. These are from the affidavit.
Now my math says .12 x 150M= $18,000,000 not 7.8M. Just a small difference.
The affidavit finally defined the ""short seller capture program". Raise the A/S from 200M to 500M, Jan 2006. Take those new shares and put them in nominee accounts and start trading and illegally manipulating the share price! Then issue totally false PR's and there you have it! Your capital is captured and you are short cause when the price crashed you became a seller! Now we know what that meant! OUCH!