posted
IDS Executives Reach Agreement With HLS for $2.35 Cash Buyout Terms Monday August 14, 9:40 am ET
HLS Makes $25 Million Commitment for Worldwide Headquarters in Dubai
ORLANDO, FL--(MARKET WIRE)--Aug 14, 2006 -- IDS Worldwide, Inc. (Other OTC:IDWD.PK - News) reported today that over the weekend the terms of the HLS $2.35 cash buyout of IDS common stock have been finalized. IDS executives have extended their stay in Dubai throughout this week to establish closing contingencies and escrow accounts. HLS has informed IDS now that final terms have been reached for both publicly held and insider's common stock. Their legal advisors can now complete the necessary paperwork for the official tender documents and the associated $50 Million Bond Offering. HLS executives informed IDS that tentatively 50% of the bond offering have been verbally committed by international investors. IDS and HLS after meetings this week with legal, banking and accounting advisors will release definitive details and timelines pertaining to the final closing of the transaction. Each common stockholder of IDS common shares (Other OTC:IDWD.PK - News) will receive $2.35 per share cash for each share of common stock owned. IDS majority insiders approved to receive HLS bonds and stock for their IDS common shares.
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what do you think guys?
Posts: 1065 | From: switzerland | Registered: Mar 2005
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posted
currently trading at 1,1 dollar and tomorrow a pre market pr with more details... i have loaded up a few for a gap up tomorrow
Posts: 1065 | From: switzerland | Registered: Mar 2005
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posted
i dunno but i have bought it for the gap up tomorow because of the pr pre market... could go easily to 1,5 tomorrow
Posts: 1065 | From: switzerland | Registered: Mar 2005
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posted
Micro Penny Stocks, Penny Stocks $0.10 & Under
I will say I won't post on stocks that are over .10 in this forum anymore unless they begin under and surpass .10 (etc FHAL, PAVC).
For those interested:
Closed X 1.24
IDS and HLS to Release Pre-Market Update August 15, 2006 IDS and HLS to File Paperwork With UAE Government Offices in the Morning
ORLANDO, FL -- (MARKET WIRE) -- 08/14/06 -- IDS Worldwide, Inc. (PINKSHEETS: IDWD) just announced the conclusion of 16 hours of meetings with HLS in Dubai, UAE. It is currently 9pm in Dubai so HLS will have to wait until morning in Dubai to file necessary documents. Immediately following the official filing of transaction documents with the UAE government, IDS and HLS will issue a joint press release pre-market in the United States with additional transaction details.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels. All information in this release is as of the date of this release. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations
-------------------- I buy fast and sell faster! Posts: 2018 | Registered: Jan 2006
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