Maybe English is your second language.....
IBAC Corporation (IBCX.PK), sole owner of The Sanibel - Palms Steakhouse and Cozze in Florida, announced today that it expects the previously announced sale of the two restaurants to be completed as previously announced.
I could post a whole bunch of press releases that talk about the Sanibel location and its failures, but I trust investors can do their own Google searches and don't need to be spoon fed their information.