eefland, I agree that there is not much downside risk here since we hit .0015 on that bloodbath on December 18th, we have since put in serious support at .002. Entry here should bring good returns when and if the company completes something significant as the chart looks ready. THe MACD is getting closer and closer. There needs to be something significant completed by the company though and not just something like the SEC filing PR which apparently they already were in the SEC database: http://www.sec.gov/cgi-bin/browse-edgar?company=ibac&CIK=&filenum=&State=&SIC=&o...
They did actually do something though and didn't issue a PR saying they were going to do something, plan to do something, etc , so perhaps we will finally get the AFs, Uplisting, accepted offer on the golf course and quick closing(do you know if they have an actual binding offer on it?) or other significant events that will move the price up and up big.
Thanks again for your "boots on the ground" information on Pine BLuff and your posts. I look forward to hearing more from you in the future.
I am expecting 2 PR 's in the coming days :one about 2006 revenues which should be a strong one and the other one about the closing of the sales of the restaurant business at arround 5 millions $$ which will be a huge news cause the restaurant figured in the balance as a 2.535 million asset http://www.ibaccorp.com/IBACCOMPLETEFINANCIALSSEPT.pdf .So by selling the restaurants at 5 millions or so we will be adding 2.5 millions to the assets and the most important we will be adding cash to the company and a distribution of a dividend to shareholders . IBCX should run to 0.05 on such events after logical math. the good positive thing is all this occuring at the moment of the reversal pattern . they are used to PR on monday here so let's see if tomorrow has something for us
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