IOVE - Italian Oven, Inc. (OTC Stock) - Stock Market Forum, Penny Stocks, FOREX, NASDAQ, AMEX, NYSE, Live Chat

**Volatile22** · #1 10-15-2009, 10:27 AM

Gdog brought this one to my attention in chat a few days ago. Ive watched it go from .007 to .009 then back down to .007. Yesterday it broke the .01 resistance and closed at .01. The chart looks fairly clear to .02, then after that its .06!! Dont usually like messing with these, but the chart was looking really nice. I was able to grab a few yesterday and it looks like its going to gap this morning. There was news out late last night as well, here it is:

Quote:

Accredited Business Consolidators Corp. Forms Public Company to Hold European Businesses

Accredited Business Consolidators Corp., f/k/a the Italian Oven Inc. (PINKSHEETS: IOVE), today disclosed that it formed a public limited company in the United Kingdom for its European businesses. The company will hold businesses and investments in Romania, Serbia, Kosovo, Montenegro, Albania, Poland, the Czech Republic, and possibly other developing regions. The business model will mirror that of IOVE, i.e., to locate businesses and develop them until they are ready to stand on their own.

IOVE directed its accountants to create Accredited Consolidators Europe, PLC ("ACE PLC") in London, England. The Company issued shares as follows: 4,000,000 ordinary shares for IOVE and 1,000,000 for My Pleasure, Limited. If the name is approved, the charter will be issued October 15, 2009.

After formation, ACE PLC will file an application to commence trading. Once this occurs, IOVE will release 1,745,598 of its shares to IOVE's common shareholders through a dividend. For every 250 shares of IOVE, the shareholder will receive 1 share of ACE PLC. IOVE's treasury will continue to hold the remaining 2,254,402 shares. The ex-date will be announced as soon as possible with an estimated time of four to six weeks.

Shortly after distribution, ACE PLC will apply for a listing on the Alternative Investment Market of the London Stock Exchange.

**Volatile22** · #2 10-15-2009, 10:35 AM

up 40% so far today.

**Volatile22** · #3 10-15-2009, 01:51 PM

I cut half my shares lose. riding "free"

**Volatile22** · #4 10-23-2009, 05:17 PM

Just added IOVE back to my picks. Very strong close today. Watch for a gap and run on Monday. Its high risk so please use caution.

http://www.stockmarketcats.com/f32/v...html#post79805

EDIT: Current PPS is .0161.

**Volatile22** · #5 10-26-2009, 01:40 PM

Quote:

Originally Posted by Volatile22

Just added IOVE back to my picks. Very strong close today. Watch for a gap and run on Monday. Its high risk so please use caution.

http://www.stockmarketcats.com/f32/v...html#post79805

EDIT: Current PPS is .0161.

Made a new high today at .0195

**Volatile22** · #6 10-26-2009, 05:06 PM

Quote:

Originally Posted by Volatile22

Made a new high today at .0195

Excellent day for IOVE. closed at .02. This is over the 200 day MA on the weekly chart. Honestly looks like clear skies til .05. There will be minor resistance levels here and there, but .057 is the next real resistance. higher highs and higher lows. The bullish move continues. Be nice to see this thing gap in the AM.

**Volatile22** · #7 10-29-2009, 12:19 PM

Had a nice run to .0221 yesterday. It came down on low volume the last 20 mins and actually closed at .0195. Potential double bottom on the daily and its back at .0206 now. If this can FINALLY close OVER .02 (so .0201 or HIGHER) then hopefully we can stick in the .02s for good. The lows are getting higher, which is a great sign. Hoping this continues its nice uptrend.

**Volatile22** · #8 10-29-2009, 05:04 PM

Im not really sure how, but IOVE just closed at its HOD of .0214. It had an ask of .02 going into the close then the last 3 mins it traded up to .0214. I dont have L2 up so Im not sure of volume on that, very strange for sure.

**Volatile22** · #9 10-29-2009, 05:23 PM

Quote:

Originally Posted by Volatile22

Im not really sure how, but IOVE just closed at its HOD of .0214. It had an ask of .02 going into the close then the last 3 mins it traded up to .0214. I dont have L2 up so Im not sure of volume on that, very strange for sure.

Looks like it was painted. The .02s before that were at the ask. Crazy gap from .02 to .0214. Good buying volume into the close regardless.

3:58:43 PM Trade 0.0214 5000
3:58:31 PM Trade 0.02 52000
3:58:15 PM Trade 0.02 200000
3:57:10 PM Trade 0.02 43000
3:56:57 PM Trade 0.0196 34000
3:56:57 PM Trade 0.0196 23000
3:54:41 PM Trade 0.0197 50000
3:52:17 PM Trade 0.0198 45000
3:52:11 PM Trade 0.0198 6000
3:51:55 PM Trade 0.0199 50000

**Volatile22** · #10 10-30-2009, 02:13 AM

News

Accredited Business Consolidators Corp. Provides General Business Update

Quote:

Accredited Business Consolidators Corp. Provides General Business Update

DOYLESTOWN, PA--(Marketwire - October 30, 2009) - Accredited Business Consolidators Corp., trading as Italian Oven, Inc. (PINKSHEETS: IOVE), updates the status of some of its projects:

New Trading Symbol: FINRA asked IOVE to modify its submission to remove our request to have the change constitute a "payable on surrender" transaction as the Company will only be changing its name. In addition, they requested certain prior resolutions. The Company expects to submit the items today.

Industrial Supply Company LLC: The Company acquired 25% of the membership interest in Industrial Supply Company LLC in exchange for a five year marketing and consulting agreement. ISC, formed in Florida in 2008, created an extensive business plan to assist construction organizations in acquiring governmental benefits by shifting to environmentally friendly construction materials. ISC, which is in the process of registering with the United States House of Representatives as a lobbyist organization, will focus on achieving benefits for eco-friendly companies such as increased carbon credits, tax deductions, grants, and mandates to use certain environmentally friendly products when fulfilling government contracts. ISC and IOVE will jointly create a new corporation that will provide services to eco-friendly construction organizations. The entity will initially employ three paralegals with training in Congressional matters and a full time lobbying and marketing professional. Investors are cautioned that this is a startup venture and the Company does not believe that revenues will be achieved until mid-2010.

Richwood Eco Ventures, Inc.: Company officials met yesterday with the Nicaragua-based managers of the enterprise. They advised that the initial wood orders for Caribbean Wood Products, Inc., of Naples, Florida, are moving forward and that they hope to have the first container ready for shipment within two weeks. During that time, IOVE officials will monitor the progress and obtain photographs which will be posted on the Company's website.

Divesture: The Company entered the appropriate resolutions necessary to move forward with the divesture of Richwood Eco Ventures, Inc. The Company expects to receive its CUSIP number for the new company early next week. Once this occurs, the appropriate papers will be submitted to establish an ex-date for the dividend of the shares at a rate of one for one share. The Company expects to know the approximate time period within the next two to three weeks and will make an announcement.

United Kingdom subsidiary: The Company is presently registering the foreign company in Pennsylvania so that it may open a bank account with Bank of America and receive deposit of the initial capital of 50,000 pounds. The Company expects the filing to be made on November 5, 2009. The deposit is required under United Kingdom law.

Pink Sheets: The Company provided Pink Sheets with updated share numbers and information which they placed on their website, Electronic OTC Markets - Quotation, Trading Systems, OTCQX, OTC Issuer Services.