Derf, IBAC was incorporated in 2004. How much more time does he need? The share price should be above where it was pre-R/S which is .008. Instead the share value is currently around .0008-.001 down at least 80% from that standard.
Nosir, Ed needs to come forth with the audited financials and ungag the TA to let us see what he's done. This is crossing the lines of a company fueling itself for expanse into mis-representation. Only transparency at this point will allow this ship to right itself.
This post copied and pasted into Word file.
Posted by: derf1
In reply to: None Date:1/30/2007 1:28:10 PM
Post #of 14944
Ed has not been doing a good job with the share price. Some criticism is certainly justified. However, this is a pink sheet stock. As such, there is no requirement that the TA identify the share authorized, issues and outstanding shares or that the Company release audited financials. If you do not like those ground rules, do not buy pink sheet stocks. When IDWD becomes a bulletin board company, you can expect to see these things. Just because you do not have them now does not justify a lawsuit from the shareholders. Currently all the bashing and threats are helping a lot to keep the price down. IDWD just completed a $4 million+ sale of two restaurants. If this deal closes on schedule, the GC deal is completed (I understand that Ed was at the Arkansas hotel yesterday)and if we get to the BB there is no basis for any recoveries through any lawsuits IMO. My recommendation is that you negative influences to this board should give it a rest for a spell. Give Ed a chance to increase the value in the Company. If the market does not recognize that value it is as much the fault of the negative posters on this board as it is ED. While I dislike the current share price, I hate all the negativity on this board as well. It is funny how last week when the stock reached .007 most the negative posters turned positive. When the stock went back down, the negative posts came right back. Talk about fair wheather fans. During this time Ed's methods did not change but the posters comments did change. If you have any negative comments to this post, do not bother making them. I have already seen them too many times.
