IBCX.PK...is no longer valid.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

[gmarc66]

Had been watching this stock last couple of days...finally looked like it was going to breakout and it did.

This was a g-pattern breakout.

I got in at .11

STockcharts IS WRONG!  not showing the accurate info...it closed at  hod at .014...i dont know why my stockcharts often show the wrong pps, it rounds off to the 2nd decimal point alot..not sure why

Vol. was very good.

News driving the stock:

Wednesday, November 22 2006 8:56 AM, EST

IBAC Corporations Board Approves Reduction in Its Authorized Shares by 150 Million
Business Wire    "US Press Releases "

NEW YORK--(BUSINESS WIRE)--

IBAC Corporation (Pinksheets:IBCX) 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.



AND

Tuesday, November 21 2006 10:04 AM, EST

-IBAC Corporation Updates Status of Audited Financials
Business Wire    "US Press Releases "

NEW YORK--(BUSINESS WIRE)--

IBAC Corporation (Pinksheets:IBCX) announced today that it has a final draft of its audited financial statements and after review will release them to the public.

"The company and the shareholders have waited a long time for this moment and we are now very excited that now we will be able to become a fully reporting company and file to move up to the OTCBB." Said Wayne Burmaster President

[gmarc66]

After hours revenue news..very nice

Friday, November 24 2006 6:39 PM, EST   IBAC Corporation Reports Record October

NEW YORK --(BUSINESS WIRE)--

IBAC Corporation  (PINK SHEETS: IBCX) a  Hospitality Holding Company  today reported record revenues for the month of October ( $842,842.53 ) these revenue figures are based upon internal records and are subject to verification by the company's independent accountants and auditors.
The company projects annual revenue of  $10,500,000 to $11,500,000  for the calendar year of 2006, which will represent a significant increase over last year and the best year in the company's two year history.
The company expects a significant increase in revenues for the forth quarter as the company's restaurants in the  Florida , are entering the winter (high business) season, the busiest time of the year for those operations, due to the influx of winter tourism.
The company's Hotel division has realized significant revenue growth over the same period last year, due to increased traffic and ongoing and completed improvements to the properties.
Mr. Burmaster stated, "The Company has under gone some significant changes over the past several months, with that being said we project our best year revenue wise and profit wise in the company's history and we look forward to generating additional revenue (with certain pending acquisitions/revenues to be added by years end) based on these positive results we are extremely excited about our company moving forward into 2007 and beyond."
IBAC Corporation  is a  New York -based holding company operating through its subsidiaries within the Hotel, Food Service & Restaurant industries. IBAC now has operations in  Florida , Tennessee & Arkansas. For more information, please visit: www.ibaccorp.com.

[Terliso]

Wow!!   Magic lines on the move!!

This is going to be interesting play next week

Hot, hot, hot volume!!! applause Julia

[Terliso]

Wow!!   Magic lines on the move!!

This is going to be interesting play next week

Hot, hot, hot volume!!! applause Julia

Hooray!!! to the moon baby!!....   This momentum strategy is really proven

[Michael]

Hi Terliso and Julia,

I have learned the hard way to take your picks serious. But it thought I would waste my time when you guys brought this stock up.

A stock quoted on the pink sheets that reduces outstanding shares with 150 million and give a share dividend of 25% sounds like another "pump and dump" story.

Much to my surprise IBCX is actually a real company earning real money and it seems amazingly cheap (http://www.ibaccorp.com/).

Here is the result after the first 9 months this year:



As we are heading into the busy Christmas season revenue is expected to increase to approximately 11 million for the full year. That is revenue of around 3.8 million in Q4. It would be realistic (actually conservative) to expect that at least 0.5 million will hit the bottom line giving a net profit after tax of around 1.6 million.

The company has said that shareholders will receive 25% stock dividend after the reduction of outstanding shares to 350 million. So the maximum issued shares as of today most be 280 million. Last time I checked the stock price was 0.014 giving a market cap of 3.92 million.

Hmmm... market cap of 3.92 and net profit after tax of 1.6 gives a PE of 2.45.

The balance sheet also looks great:



As said I am surprised to see that this actually is a real company. My only concern is that with their growth they should trade significantly higher but there still seems to be sellers even when the volume picks up. I will certainly keep it on my radar screen so keep us posted!

[gmarc66]

Hi Michael


Thanks for the indepth fundamental look at IBCX Michael, such a great job u did. I never do any fundamental DD on a stock, so always appreciated when someone provides further insight into the company, especially when its poitive info

This stock had a big pullback today. I tried to sell it very early this morning, but as i was placing my sell trade, my pc crashed (does it everyday in the morning, sometimes the pm too, drives me nuts) and when i finally got it back up, the pps was at .01..i had a heart attack. The market was kind of harsh today, and i was disgruntled and fed up, and just decided to sell it when it had a bounce...just to get out while i could with a small profit and possibly rebuy it again soon. I guess now in hindsight i should have sold it yesterday..but oh well.

Wondering if this stock will continue to pullback for a day or 2, then rebound? Will watch for now. Also, audited financials are supposed to be out very soon, will see what kind of effect it has on the pps, market is so freaky never know how any type of news will effect them.

Hey Terliso, do u have any TA comments?


Tuesday, November 28 2006 4:02 PM, EST

IBAC Corporation Prepares To File Form 10 in Anticipation of Move to the OTCBB

Business Wire    "US Press Releases "

NEW YORK--(BUSINESS WIRE)--

IBAC Corporation (Pinksheets:IBCX) a Hospitality Holding Company today after the bell announced, that it is in the process of preparing the required form 10, that is necessary for the company's request to trade on the OTCBB.

The company is working on a fast track basis, and expects to file the form 10 very soon, thus giving the company the ability to trade on the OTCBB.

GLTA

julia

[fous]

hehe julia........ PC crashing, i hate that!!!! its even worse when i don't pay the internet bill and the line gets cut hahahah!

I love the developments going on here with IBCX. I've been waiting for a pull back and we got a pretty big one today. I think we will see some continued weakness into wednesday and hopefully its just an intraday dip because thats when i plan on picking up some shares

-fous

[shipman]

I agree with you Fous.  I pulled the trigger at .009.  Let's make some money.

[fous]

I agree with you Fous.  I pulled the trigger at .009.  Let's make some money.

nice ship, Im averaged in around .0095 right now but still have some more shares left to buy so i'll take some lower if i can get it.

Applauds on trading OPBL.OB. I never bought but looks like i should have

15m intraday chart IBCX near the lower boundary of its descending wedge so hopefully we see price rally off this support level and proceed to breakout to get our reversal kickstarted.

-fous

[shipman]

Thanks again Fous, opbl was berry berry good to me.  Still holding half.   Rock on IBCX.  What  a Market! Huh?  Is it just me, or are the picks from the SOF and Techtrader becoming more profitable.  Have a great day, everyone.
                                                                  Brother in Charts
                                                                                     Ship   
p.s.  I see about .08 for IBCX

[422fwhp]

...also in at $.009

GLTA...Jody

[brookguo]

If Mike's number is reliable, we shall be trading much higher.
I bot 1/2 yesterday at 0.0105, and 1/2 today at 0.0085.
Any target guys? I will most likely sell 1/2 at 0.02, if we can see it.

[jtmann]

You guys sure this is gonna take off again?

[brookguo]

not sure, at least i am not. no sure thing in the market, otherwise everyone can make money.

[shipman]

All I know is you can get it 20% cheaper than where I bought earlier.   It looks like Fous's entry point.  Power in numbers.  I'd sell at .02 also.