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Re: THE FIRM post# 57

Saturday, 04/21/2007 2:26:42 AM

Saturday, April 21, 2007 2:26:42 AM

Post# of 43413
Here is the answer to your "paper loss" defence of your "affiliated" company..LOL...its all out there, I told you already..!! here is a recent PR' from IBAC , stating a significant gain on the property vs. market cap..take note specifically on the 80k vs. how much they paid for ONE restaurant..that does not sound as if they had paid millions $ for the restaurant ..right..LOL..I told you they are not that smart..LOL
"The company has worked very hard to build a profitable and viable hospitality business, we now realize that it must change its business model to succeed, the company believes with the current share structure and current equity in its properties (to be converted to cash) that it is extremely undervalued, 800,000,000 shares divided by $6,000,000 dollars should reflect a significantly greater share price, the current market cap for the company is $80,000 at the bid is significantly less than we paid for one restaurant and is less than the company's monthly payroll , the company will regroup and become stronger and more profitable and carry out its stated business plan since day one a profitable fully reporting company," said Wayne Burmaster, President & COO IBAC Corporation.

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