InvestorsHub Logo
Followers 9
Posts 550
Boards Moderated 0
Alias Born 01/05/2005

Re: serfdom post# 5077

Friday, 12/01/2006 12:12:13 PM

Friday, December 01, 2006 12:12:13 PM

Post# of 49486
My response to BillM @ Fool.com

I just read your article above and while I agree that many small microcaps really do use these splits as ploys I believe that there is a brewing story here.

Currently the IBAC's market cap is just over $2MM. This is a company that owns two restaurant properties a couple of hotels and just purchased a golf course (non-dilutive).

I suggest you do a little due dilligence before blasting a stock like this. Remember you referenced outback in your article, so why not categorize this as a possible outback play as the Company does intend to franchise their Sanibel Steakhouses.

BTW, yeah, I know we heard before, but A/F are soon to come out and it would be interesting to see their assets compared with their market cap.

This of course just all IMHO.

Lets talk in a couple of weeks.

Keep your eye on the prize fellas. Remember "HANS" - 10,000 shares bought in early 2003 @ .50 ($5,000) are now worth $1.6MM.