ICAN ??? Forward split IBAC Corporation (Pink Sheets:ICAN) announced yesterday that during a Special Meeting of the Board of Directors the Company approved a 1 for 100 forward stock split of the Company's common stock (announcement).
The forward stock split will be effective on or about January 7, 2005. (Clarification) Shareholders will get one share of common stock for each one hundred shares of common stock they own on that date. The proposed stock split is subject to regulatory approval. The company apologizes for any confusion that the announcement may have caused.
"This forward stock split is intended to lay the groundwork for the anticipated growth of the Company," said IBAC Corporation President & CEO Edward W Hayter. "It is also part of our ongoing efforts to improve trading liquidity, broaden ownership and enhance shareholder value."
The company has received hundreds of calls regarding several issues first and for most is the question of a reverse split the company has no plans of a reverse split, secondly the company has been asked about any involvement of a Mr. Chris Astrom and/or Mr. Richard Astrom neither men have any involvement in management or ownership of this company furthermore if anyone persists in implying this the company will pursue any and all legal remedies.
The company has also been asked are we going to do anything to get the company noticed to the investment community. The company elected to reward current shareholders with a bonus and also bring attention to the company with the same bonus for potential new investors, as the company refuses to employ any stock promoters etc. as this is not in the company's or shareholders best interest.
