Replies to post #789 on BIH Corporation (fka BIHC)

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I hope this helps clear things up a bit, here is how it turned out last time and the time before that, and so on.

IBAC Corporation (Pinksheets: IBCX - http://finance.yahoo.com/q?s=IBCX.PK ) IBAC Corporation announced today that its Board of Directors has approved an immediate reduction of its Authorized shares from 500 Million to 350 Million.

The company had previously increased its authorized shares to 500 Million in anticipation of certain pending acquisitions that may have required issuance of stock, after the negotiations of these acquisitions the stock will not be required as the acquisitions will be funded from cash flow.

The reduction in authorized shares is in line and includes considerations of the 25% stock dividend, payable to shareholders of record on December 1, 2006, the share dividend will be paid with non restricted (free trading) stock.



Now for the chart, please pay close attention to Dec 1, I expect the exact same thing to happen here on August 15th.


http://stockcharts.com/h-sc/ui?s=TSXT&p=D&yr=1&mn=0&dy=0&id=p98724988283