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We have been informed that ICAN may have been naked shorted by the Hedge funds and or market makers.
We have been asked to start another share holders group for ICAN, as many have seen the power that share
holder groups can create, by adding up their shares and possibly take actions that become necessary. We ask you to join our ICAN
share holders group FREE of charge and help fight against the naked shorting of our company.
Thank you for your help.
ICAN's
A/S 12,000,000,000
O/S ??????????
?Float <6,000,000,000?
Float: 1,307,271,660 as of 2005-01-26
NEW YORK, May 12, 2005 (BUSINESS WIRE) -- IBAC Corporation (OTC.PK:ICAN)
announces that its Board of Directors has now approved a restructuring of its authorized common shares from 20,000,000,000
to 12,000,000,000 effective immediately, the certificate of amendment has been filed with the State of Delaware by corporate
counsel.
Groups Share Count
Count updated as of
7/22/05
Total shares held in E form 1,699,234,943
Total shares held in Certs
0
Total shares held 1,699,234,943
Total share holders 129
We are doing the work to verify these numbers, as far as we know and as it now stands, this number of shares being held
is accurate.
We are now in desperate need of funds to start PRing our site. Please consider helping us.
Remember to visit our advertising page as those who are sponsoring this site are extremely important to our success.
We are also in need of funds Please consider an add, personal or vote. Thank you.
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Or you can make a small donation here, if you like. Your help is greatly appreciated.
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FREE
Join ICAN shareholder group or edit your share count information here.
Please note that all submissions are personally checked prior to being added to the totals. If we do not get a valid email
address, your numbers will not be added. If you claim to have a substantial holdings and are not willing to verify it, we
will not add it to our totals.
Submit your ICAN shares
Please Edit my shares
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Our Goals
To help protect the value of shares in ICAN, from being manipulated by the markets. We have access to SEC attorneys and
will consult with them on an as needed basis. We will also use all legal means, affordable and available, to protect the value
in shares of ICAN.
Hopefully you have all ready determined to join this group.
| Press Release for Ibac Corp |
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| IBAC Corporation Addresses Possible Naked Short Selling in its Securities |
| 5/20/2005 8:42:01 AM |
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NEW YORK, May 20, 2005 (BUSINESS WIRE) -- IBAC Corporation (Pink Sheets:ICAN) today acknowledges
its concerns regarding the possible naked short selling of its common stock and urges shareholders to request that their shares
be delivered to them in certificate form from their broker/dealers in order to help stop this manipulative practice.
IBAC Management will initiate a thorough investigation to determine if its stock is being naked
shorted and applauds Pink Sheets, L.L.C. CEO R. Cromwell Coulson's petition to SEC Secretary Jonathan Katz to amend Rule 3360
to require short interest reporting for all OTC equity securities. "Manipulative naked short selling by broker-dealers operates
as a fraud on the market causing investors to lose confidence in the fairness and legitimacy of OTC markets," Cromwell wrote
in his petition.
"While short selling may be the industry's dirty little secret this company will not stand by and
watch its hard work and earnest efforts to build a legitimate business get destroyed," said IBAC President Edward W. Hayter,
"naked short selling undermines the market's ability to justly and accurately reflect the price of the companies securities,
and directly affects the company and its shareholders and will not be tolerated."
This release includes forward-looking statements made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the
impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology,
equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled
personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances
that may arise after the date of this release.
SOURCE: IBAC Corporation | |
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