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Re: Slim Pikins post# 9813

Monday, 12/18/2006 2:20:48 PM

Monday, December 18, 2006 2:20:48 PM

Post# of 49486
Do you guys realize what they are telling you??
read carefully!!! LOL
1. The second action that was approved was the merger of IBAC Corporation and the remaining real estate owned assets and future acquisitions into a fully reporting and trading OTCBB company, the surviving entity will include all of IBAC's real estate holdings and will maintain the IBAC name and share structure. The shareholders will receive equal value in the transaction of shares of the merge. IN OTHER WORDS...we will issue double the amount of shares to satisfy the current shareholders of the (supposed) OTC company..DILUTION 100%

2.The first action that was approved was the spin/sell off of the company's restaurants and its holdings in its food service businesses, the value of the transaction is expected to be a minimum of $4,500,000 or as high as $5,000,000 dollars with a dividend to be paid to common shareholders in the form of either cash/stock or both. The dividend will be paid to shareholders only and exclude all officers and directors of the company. The company expects the transaction to be ready to close within Thirty (30) days, at that time the company will announce the payment/dividend structure and provide the name and symbol of the new company. IN OTHER WORDS..new pink sheet company formed..Shareholders will get shares (newly issued/printed) as a "dividend of the "new company"

CONCLUSION...officially another 100% diluting the current shareholders...!!!!!!!!!!!!!!! Good luck to ya all...