IBCX.PK...is no longer valid.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

[fous]

Glad to see a couple of the big wigs on board here, Aussie and mike I always love when mikes got an itch for a stock fundamentally that i like 

I love the STEPS strat aussie  Thanks for providing me the link to show what the fu@k it is 

[gmarc66]

2nd pr just out today.

Friday, December 01 2006 10:30 AM, EST

IBAC Corporation to Form Construction & Development DivisionBusiness Wire    "US Press Releases "

NEW YORK--(BUSINESS WIRE)--

IBAC Corporation (Pinksheets:IBCX), a Hospitality Holding Company, today announced it will form a yet to be named construction & development division.

The wholly owned subsidiary/division will be charged with all building/development activities pertaining to the recently announced agreement to acquire the Rosswood Country Club. The company intends to build depending on zoning ordinances a combination of high end single family homes, condominiums and time share/vacation villas on the property.

The company based on its initial research has determined that the property could yield as many as 300 to 400 building lots; depending on architectural & engineering planning the exact building area will be determined.

The company intends to approach this project as a major master planned development with unit prices ranging from $250,000 to $500,000 with additional revenues being generated from time share/rental fees along with customary greens fees, banquets, bar and restaurant sales, etc.

"This is a historic world class property and the company indents to develop it as such without compromising the beauty, integrity that it enjoys. We look forward to getting started on this project as soon as possible," said Wayne Burmaster, President.

[jtmann]

hm... not looking too good today 

[boatguy]

In with you guys here at .0075

[brookguo]

anyone stopped out? it seems no solid support here.

[hotdog]

Oh well - got more money tied up in Harrah's - not in stock LOL maybe my chances of winning are better here

[brookguo]

NEW YORK--(BUSINESS WIRE)--July 13, 2005--IBAC Corporation (ICAN.PK) today announced that 625,676,008 Million Common Shares have been retired effective at the opening of business tomorrow. IBAC also announced that the company has approved an additional buyback of up to $500,000.00 of its common stock on the open market over the next six months.

NEW YORK, Mar 13, 2006 (BUSINESS WIRE) -- IBAC Corporation (IBCX:PK) announced Friday after the bell that it's Board of Directors has approved an additional reduction of its authorized common shares to 200 Million from 500 Million. The Board also approved a 15% stock dividend.

NEW YORK--(BUSINESS WIRE)--IBAC Corporation (Pinksheets:IBCX - News) announced today that its Board of Directors has approved an immediate reduction of its Authorized shares from 500 Million to 350 Million.

Look at the date and the number. It seems they constantly reduce shares.  Something looks abnormal to me. Any thoughts guys?

[shipman]

That condensed statement on their website says 200 million authorized, 188.9 million outstanding.  The outstanding is the issue,  lowering the authorized limits dilution.   

[hotdog]

I just found an interesting thread from another board - Anyone care to comment? I wonder if the old "If it sounds too good to be true it probably is " applies.

http://www.marketmillionaires.com/hot-investment-tips-stock-picks/2669-ibcx-old-ican-thread.html -

Ed

[hotdog]

BTW the last three pages of threads are most interesting.

[elliemae]

I bouhgt in at .007 on Friday and I have a question,
if MM's have heavily naked shorted this stock at the top PPS, wouldn't they have to cover before the Dividend payout date on Dec. 15th since they truly don't have the shares they borrowed?

I believe the drop in PPS on Dec. 1st was from.....

1. Profit taking from longtime holders
2. Shareholders believing that they get the dividend thinking Dec. 1st is ex-dividend date.
3. Fear, people panic when PPS drops on good news.
4. Technical retracement to fib level with 50MA support at .007

Furthermore, if the company was dumping shares, the price would not have stalled at .006-.007 for 2 hrs.

[shipman]

I agree.  Good logic.

[David Randolph]

I bouhgt in at .007 on Friday and I have a question,
if MM's have heavily naked shorted this stock at the top PPS, wouldn't they have to cover before the Dividend payout date on Dec. 15th since they truly don't have the shares they borrowed?

That's an interesting question elliemae. If it were a cash dividend they could keep their shorts, they would just need to pay the dividend to the people that bought their naked short sales.

But since it is a stock dividend and naked shorts can't issue shares to pay the dividend, I guess they will have to buy to cover. This assuming there are naked shorts on this stock, and probably there are, because when analyzing this stock, people only saw that the dividend was irrelevant (people with a little more knowledge than average), but they should have gone deeper and see that it is extremely undervalued.

So, newbies bought the stock when they saw "hey, 25% dividend", short sellers sold it because they saw "look at these guys bidding up this PK because of an irrelevant dividend" and now we're buying because they are all missing the big picture which is:

IBCX probably is now a $1.96 M market cap company with $10.54 M in assets, $11 M revenue estimate for 2006 and about $1.4 M net income estimate for full year 2006.

If we mix all this information I would say IBCX should rise 10 fold over the next month or two

We have a good thread on IBCX on the Premium area of www.3stocksonfire.org, as well as some other great stock picks, why don't you try a 14 days free trial? Thank you

[Bigrod40]

  NEWS..I bet the Yankees are Pi$$ed off that they didn't sign IBAC...LOL
Dropped the ball Stienbrenner, maybe trade Jetter for a million shares of IBCX...LOL

P.S. gotta love these stupid hours they releae PRs. Hardly wait to see when they release an A/F pr (christmas day maybe?).

IBAC Corporation Signs Sponsorship Agreements for Their Florida Restaurants
12/4/2006

NEW YORK, Dec 04, 2006 (BUSINESS WIRE) --
IBAC Corporation (Pink Sheets:IBCX), a Hospitality Holding Company, today announced it has entered into two significant sponsorship agreements for its Florida restaurants.

The first agreement for both of the company's Florida restaurants is with the Boston Red Sox; this will be the second year that the company has enjoyed participating in this program. Ft Myers, Florida is home to the Boston Red Sox spring training http://boston.redsox.mlb.com/NASApp/mlb/spring_training/ballpark.jsp? c_id=bos&year=2007 (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.), the sponsorship program will include two center field banners 8' X 16', two walkway marquee posters and a full page spread in the teams program guide. The Boston Red Sox spring training facility is sold out always and the company (IBCX) is very pleased to have that exposure.

The second agreement is with the Barbara B Mann Performing Arts Hall, the company has agreed to be the sponsor of the Chita Rivera "The Dancers Life" http://www.bbmannpah.com/performance.php?id=136 show, it will be a full week of exposure of a legendary performer at a world class facility, the company will receive full exposure at all of the performing arts hall events as a sponsor.

"The company as it grows is very appreciative of the opportunities and respect that the community has given, as these opportunities are not handed out easily, we are very happy that we as a company were considered for the opportunity's and are great full for the opportunity to participate and look forward to a most profitable season along with our sponsors'," said Mr. Wayne Burmaster, President of IBAC Corporation

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.

SOURCE: IBAC Corporation

IBAC Corporation Investor Relations, 718-891-8188 Fax: 775-320-5437 [email protected] www.ibaccorp.com

Copyright Business Wire 2006

[shipman]

Well at least it's possible now for an outside day reversal.    Totally premature on this one.  Looks like there's gonna be a showdown.  Awfully quiet.