IAHL Corporation (IAHL)

[binzur]

Two areas I excel in are math and logic and will enjoy this discussion.

First they raised the A/S from 200M to 500M without any announcement. They PR'd that they were reducing the A/S from 500M to 350 M on November 22. "IBAC Corporation(Pinksheets:IBCX) announced today that its Board of Directors has approved an immediate reduction of its Authorized shares
from 500 Million to 350 Million." (in essence they raised the A/S by 150 Million shares in this process.)

The company never lowered the A/S per the above mentioned PR. Instead on December 13, 2006 they raised the A/S to 2.02 BILLION! No PR no nothing! The pump machine was running at full speed during this time period.

Ed Hayters history with this stock proves he will sell and sell and sell and not care what the PPS is as long as he raises his money. I spoke with the SEC and the 504 is still valid so nice try there. I will believe the SEC over your broker. He wants to raise the $1 mil per year allowed by the 504. Sad thing is the company doesn't care about its shareholders at all! Take this down to .000- or even lower and it doesn't matter as then we do the same old R/S and everyone is in the same boat as those who owned ICAN.

Your estimate of the O/S being "arround 285 or 300 millions here no more" isn't even close. So using logic like you said the market is telling you that this entire company with all of these assets is worth $450,000! LOL! See no one believes the spin off will happen and if it does IMHO the bag holders aren't going to get much. Devil is in the details (look to past history when no present details are available).

I have to be heading out for a bit. I will respond later but one last thing. Multiple posters here who have talked to Ed Hayter have been told anywhere from 340 Mil O/S (me twice) to around 500 M O/S this week. It should be below 300 mil with the Dividend included if no dilution is taking place. I believe it is higher than 500M at this time. JMHO

So simple answer is UNGAG the TA immediately! File the AF's immediately! Easy! Have to head out and will be back this afternoon. More to follow.

JMHO Do your own DD!
Binzur