IBCX.PK...is no longer valid. It has changed to "TSXT.PK"

[setravis]

The other thread on this pick,
seems to be more enthusiastic about this Pinkie, "than I am!"
Kind of put this thread on the back burner...

[shipman]

U can do it IBCX.  Can I get a .0075.  Come On

[boatguy]

  Speaking of breakouts!

[buffaholic]

IBCX news:


       

Press Release Source: IBAC Corporation


IBAC Corporation Board to Meet Monday to Review a Proposed Spin Off of Its Restaurant/Food Service Unit
Wednesday December 13, 4:23 pm ET


NEW YORK--(BUSINESS WIRE)--IBAC Corporation (Pink Sheets:IBCX - News), a Hospitality Holding Company, today after the bell announced that its Board of Directors will meet Monday to review and consider spinning off its restaurants and food service business to another publicly traded company.
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The Board will meet to consider the mechanics of the deal and the structuring of the spin off, the company believes that this move will enhance shareholder value and grow the two companies' faster towards its stated goals and objectives. The restaurant and food service business would include the two restaurants in Florida and its interest National Hospitality Management Group (NHGM holds the contracts with the Pine Bluff convention center) in Arkansas and the Restaurant in Memphis.

The company sees the spin off as a positive move towards growth and prosperity for the company and its shareholders, the value of the spin off is set between 4.5M - 5M dollars with shareholders of record to receive stock and/or a cash dividend in the new company, so shareholders will maintain an interest in all of the assets.

"We believe that with this proposed spin off the two companies will grow at a faster pace in their respected industries, the restaurants will concentrate on new locations either by franchising or company built restaurants. The company's brand names are Sanibel-Palms Steakhouses, Cozze. IBAC will concentrate on the Hotels and Country Club & Golf Course of which is all Real Estate owned properties with a home building division being put in place and will concentrate on additional acquisitions. IBAC will continue with its anticipated move to the OTCBB with a stronger asset base," said Wayne Burmaster, President IBAC.

Mr. Burmaster also stated "that this will streamline expenses and accelerate growth as each company will operate within its selected industry. The details of how the deal will be structured and the identity of the spin off public entity will be announced after the Board meets."

This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.

[shipman]

By David's calculation of a 280 million o/s x .008, that puts the market cap of this company at about 2.25 million dollars.  We're about to spin off 4.5-5 million in assets. And recieve the shares. I think we're a little undervalued here.     Any opinions on this news?        Targets??

[bmarc4211]

Setravis can you please merger the IBCX threads.  They both have intraday posts. 

http://www.3stocksonfire.org/trading/index.php?topic=7508.0
http://www.3stocksonfire.org/trading/index.php?topic=8135.0

Thank you for making the site more user friendly.

[ScottishTrader]

Have a look at the 3 year chart...  Did IBCX really hit $11 per share???!!!!! 

Things definitely look like they are beginning to kick off a bit... the last few weeks volume far surpasses anything its had before.  cmon IBCX!

[shipman]

Ooowwwwwwwwwww!   The Humanity!

[vivdcosta]

Be careful. Ameritrade tells me that there was a 1:80 reverse split on March 10, 2006. Hence the 11$ High. The split means that it would have been at 0.0001 before that.
Also, I think the shareholders are getting 25% shares as dividend this week.

[setravis]

I made an attempt to warn......of this pinkie...

The other thread on this pick,
seems to be more enthusiastic about this Pinkie, "than I am!"
Kind of put this thread on the back burner...

Careful with the Pink Sheets. 
I have quit trading those alltogether, to me not worth the hassle. 
Once in a blue moon you may find one that is worth the time and effort
to even take a look at.  

[Stocky2000]

patience...this is on the radar...ibcx under top 3



http://www.pinksheets.com/marketactivity/topquotes.jsp 

[Stocky2000]

patience...this is on the radar...ibcx under top 3.....currently LEADER!



http://www.pinksheets.com/marketactivity/topquotes.jsp

[mitchjas]

ket1390 - That web page didn't have much explaination.  Do they just list what they think are the top BB or Pink sheet stocks? 

Thanks,
Jason

[fous]

ket1390 - That web page didn't have much explaination.  Do they just list what they think are the top BB or Pink sheet stocks? 

Thanks,
Jason

Hey Jason,
it just ranks what tickers are most requested at pinksheets.com . In this case IBCX is currently the most inputed ticker there. So its just showing this IBCX has a lot of interest from the public.

Sorry for stealing your question ket hehe 

[bmarc4211]

Can someone please explain the dividend.