IAHL Corporation (IAHL)

[liable]

Good morning all, let's crunch some numbers.....

Some here who have said they've spoke to Hayter directly, have posted with confidence that the total O/S is around 350M, but we are still not able to confirm this through the TA.

350,000,000 x 0.0023 = $805,000 <------ the value of the entire company

Here is where it gets confusing for me.

http://biz.yahoo.com/bw/061124/20061124005202.html?.v=1

Somehow we are expected to believe this whole company, who expects to post up to $11M in revenue this year is trading at less than its October revenues alone.

For $805k, a savvy investor could buy all of the outstanding stock of IBCX, and have a majority stake in a company that owns a golf course, two restaurants, interest in two hotels and a convention center with $11M in revenues?
Acording to the September 30 2006 financials posted on the company website, the cash position at that time was $865k, more than the supposed market cap of the entire company. The same financials show assets owned at over $6M!
Net income posted was over $1M for the nine month period. Keep in mind, the financials posted on the website are unaudited, despite the company being in possession of the audited financials.
If the audited financials are infact anywhere close to what the unaudited statements on the company website are, and if the TA were allowed to confirm that the O/S is indeed 350M, IBCX should be trading near 0.05, not where is is now.
What I don't get, is if these statements are true, why is it so hard to prove?
Imagine, we are only 2 faxes away from seeing the true value of our investment here, one to the TA, and another to the SEC. I really wonder what the hold up is.
At yesterday's close, the entire company could be traded for this property in my home city....

http://tinyurl.com/yhm8g4

MLS®: V623745



These are some of the things that make me go "Hmmmmmmmm".