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Wednesday, November 08, 2006 1:07:40 PM
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...
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