The stock just started moving up on the news which was released late in the day.
Below is S/A's chart showing potential breakout of it's "wedge". Looks to me like first resistance is way up at .28, and the company has projected earnings of .21-.23 per share. Could be a biggie!?
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IDS Worldwide, Inc. Announces Officers and Directors Withdraw 37.5 Million Shares From DTC IDS Worldwide, Inc. -- Formerly Known as IDS Worldwide Solutions, Inc. -- Clarifies Name, CUSIP # and Symbol Change IDS Worldwide, Inc. (OTC: IDWS) today announced that all Officers and Directors have taken physical possession in Certificate form of all 37.5 Million Shares of Restricted Stock under their ownership. IDS Worldwide, Inc. (http://www.ids-worldwide.com) has taken this action to quell unsubstantiated rumors that have been circulating that Officers and Directors in whole or part have leveraged these holdings by entering into buy-sell and/or loan agreements with fund providers. IDS has rejected every offer from these "Loan/Hedge Funds" that have requested discounted "Free Trading Shares" as it would adversely affect current common stock shareholders.
All shares issued to Officers and Directors were restricted shares, the Officers and Directors as a group have never been issued any free trading shares and this 37.5 Million Shares pulled from the DTC on 9/27/05 represents every single share the group had been issued.
IDS Worldwide, Inc. further clarifies the current timetable for the mandatory surrender of all stock under the old CUSIP number, name and new symbol. IDS Worldwide, Inc. has been issued a new CUSIP Number and has filed with the State of Delaware its Restated Articles of Incorporation including the Board of Directors Resolution for the name change to IDS Worldwide, Inc. IDS is awaiting the certified copy of the Restated Articles of Incorporation back from the State of Delaware and upon receipt will forward this document along with the new CUSIP Number to NASD for the new symbol change.
Current shareholders of IDS Worldwide Common Stock (IDWS) will not have to take any action as each brokerage with stockholders on the official transfer agent ledger will be notified of these changes. Only clients of these brokerages who have "borrowed stock" they did not own in their own accounts will have to purchase stock in the open market in order to surrender the certificates to receive the new stock to balance their positions. IDS does not have an exact date the new symbol will be issued and therefore cannot give any advance notice of the day brokerages will be notified of the mandatory call of the old stock. However, IDS has been advised by the agencies involved that it should be completed shortly.
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