Replies to post #12344 on IAHL Corporation (IAHL)

[binzur]

I was told the company was paying cash for the CC and using money from the spin off to do the improvements. Their goal when it was all said and done was to sell the lots and make enough money to get all of their money out and own the CC free and clear! I am not sure what IBAC's cash position is. The reverse merger is fairly expensive...could be bought with shares in the new company. That is why the details of the spin off and reverse merger are so important and one cause I have for concern.
Have a great weekend!
Binzur