IOVE .007 this could be BIG! Posted by: Ohmymookies Date: Tuesday, January 05, 2010 3:21:55 PM
In reply to: ProfitChaser who wrote msg# 65051 Post # of 65055
IOVE unannounced share buyback just now filed SEC form.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
OMB APPROVAL
OMB Number: 3235-0104
Expires: February 28, 2011
Estimated average burden
hours per response... 0.5
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
1. Name and Address of Reporting Person *
ACCREDITED BUSINESS CONSOLIDATORS CORP.
2. Date of Event Requiring Statement (MM/DD/YYYY)
1/5/2010
3. Issuer Name and Ticker or Trading Symbol
ACCREDITED BUSINESS CONSOLIDATORS CORP. [IOVE]
(Last) (First) (Middle)
196 WEST ASHLAND STREET
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
_____ Director _____ 10% Owner
_____ Officer (give title below) ___ X ___ Other (specify below)
/ Share buyback
(Street)
DOYLESTOWN, PA 18901
(City) (State) (Zip) 5. If Amendment, Date Original Filed (MM/DD/YYYY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4) 2. Amount of Securities Beneficially Owned
(Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5) 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Accredited Business Consolidators Corp. common shares (1) 188681 (2) D
Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4) 2. Date Exercisable and Expiration Date
(MM/DD/YYYY) 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5) 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
( 1) Our shares trade as the Italian Oven Inc.
( 2) We purchased shares of our own common stock pursuant to SEC Rule 10b-18. We purchased the shares with over one hour before the market closed. We did not exceed the higher of the highest independent bid, which was Knight Securities at .007 at the time we placed our order. We only used one broker to place the order, being OptionsXpress Inc. which routed the order to Knight Securities. We did not exceed 25% of the four-week average daily trading volume.
Remarks:
This was an SEC Rule 10b-18 purchase of our own common stock on the open market. We are authorized by resolution to repurchase common stock when we deem it appropriate.
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
ACCREDITED BUSINESS CONSOLIDATORS CORP.
196 WEST ASHLAND STREET
DOYLESTOWN, PA 18901
Share buyback
Signatures
Andy William Vice President 1/5/2010
** Signature of Reporting Person Date
