posted
the reason I think it goes back up--yesterday from another board------------------------------------------------------Posted by: G_Money In reply to: None Date:12/11/2007 1:13:55 PM Post #of 4012
i-box update -The Preferred authorized shares have been reduced to 2 million (from 200 million)
Preferred shares have been converted by the previous owners into common and or have been cancelled.
2,000,000 Preferred will belong to the new owner and will not be converted.
Posts: 3056 | Registered: Feb 2005
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posted
TDWV-prefered to common is now over--the old owners sold their prefered. there is a 5 to 1 forward split--but the way I see it--even if you pay .0004 and the price even goes to .0001. if you sell at .0001 after the split you are still up 20%!! and what if a pump comes and the pps. is in the .00's.? and you get the split? I think there is money to made here---jmho
Posts: 3056 | Registered: Feb 2005
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posted
my thougts why this has hit bottom. Someone posted the other day, all prefered shares owned by the old company had been converted to common and sold already. there was just 2 million prefered left for the new guy. The A/S shares has been raised to 5 billion, so they would not dump past 1 billion outstanding. it would take the other billions to do the 5 to 1 split. So it now has roughly 500 million outstanding that just leaves 500 million that could possibly be dumped. jmo--the new management would in no way dump the other 500 million left at this .0004 pps. that is just 200k money. jmo--They will need the PPS. to be above .001 so they can buy other companies, etc.
This will have it's big run, no matter what direction the company is going-----jmho
Posts: 3056 | Registered: Feb 2005
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quote:Originally posted by eddy: my thougts why this has hit bottom. Someone posted the other day, all prefered shares owned by the old company had been converted to common and sold already. there was just 2 million prefered left for the new guy. The A/S shares has been raised to 5 billion, so they would not dump past 1 billion outstanding. it would take the other billions to do the 5 to 1 split. So it now has roughly 500 million outstanding that just leaves 500 million that could possibly be dumped. jmo--the new management would in no way dump the other 500 million left at this .0004 pps. that is just 200k money. jmo--They will need the PPS. to be above .001 so they can buy other companies, etc.
This will have it's big run, no matter what direction the company is going-----jmho
posted
1 million shares cost 300.00---after the 5 to 1 forward--you could even sell for .0001 and make 200.00 per million shares bought---1 mil. x .0003 cost 300.00 today--after split you will have 5 million shares--5 mil. x .0001 is 500.00, even if does not ever run. you make good if you sell at .0001---
Posts: 3056 | Registered: Feb 2005
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posted
TidalWave Holdings, Inc. Comments on Recent Trading Activity and Proposed Forward Split Dec 20, 2007 2:48:00 PM View Additional ProfilesTALLAHASSEE, FL -- (MARKET WIRE) -- 12/20/07 -- TidalWave Holdings, Inc. (PINKSHEETS: TDWV), a publicly held holding company, today commented on the recent trading activity of its common stock and proposed forward split.
Over the last three weeks, the common stock value of TidalWave Holdings has drastically declined and some investors have communicated their concerns regarding the impact the company itself may or may have on the trading activity. The company will address these concerns in an open and forthright manner.
The company recently announced a 5-for-1 forward stock split and filed paperwork with the State of Florida to authorize the forward split the first week in December. At the time, management believed that such a split would inject liquidity and help expand the company's shareholder base. The company believes that once this was announced and confirmed filed with the State of Florida, market forces reacted negatively, albeit prematurely, to a potential 5-fold increase of the company's shares in the open market.
At the present, given the subsequent current market condition of the company's share price, a forward split is not feasible at this time and would result in potential trading of the company's shares at levels that would be inherently illiquid to shareholders. The company is exploring a range of several other options, including a possible restricted preferred or common stock dividend that could provide existing shareholders a means of receiving additional shares as an alternative to a forward split. If adopted, this type of dividend would not immediately add additional shares into the open market.
For further questions, shareholders are encouraged to contact TidalWave investor relations.
Safe Harbor for Forward-Looking Statements
Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in the future periods to differ materially from forecasted results.
posted
Hi, folks. I happened to come across a msg in IHUB, which stateed that TDWV has a SEC filing to offer stocks for sale. So please check it out.
Posts: 3228 | From: Michigan | Registered: Aug 2005
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posted
TidalWave Holdings, Inc. Announces Share Consolidation, Reduction of Common Authorized Shares, and Preferred Share Dividend Issuance Market Wire Posted: 2008-01-10 08:38:10 TALLAHASSEE, FL -- (MARKET WIRE) -- 01/10/08 -- TidalWave Holdings, Inc. (PINKSHEETS: TDWV) today announced a special consolidation of its common shares, planned reduction of its common authorized shares, and planned preferred share dividend for common shareholders.
Management believes that it is in the best interest of shareholders to increase the per-share value of TidalWave stock to create broader market appeal and liquidity for existing positions. To accomplish this, the company will provide shareholders one (1) new share of TidalWave common stock for each fifteen-hundred (1,500) shares they currently own.
As a provision to preserve round-lots and provide increased value to existing shareholders, management has resolved that shareholders holding less than 750,000 shares but at least 30,000 shares as of the effective date will not be reduced below 500 common shares as a result of the split.
No fractional shares will be issued; shareholders with more than 500 shares post-consolidation, or less than 30,000 shares pre-consolidation, will have fractional interests rounded up to the next whole share.
The effective date of the consolidation is expected to be no later than January 31, 2008.
Subsequently following the consolidation, the company also anticipates issuing a restricted preferred stock dividend to shareholders. The restricted preferred stock dividend is expected to be convertible into common stock and be available for public resale after the required holding period under the newly changed Rule 144 SEC regulations, effective February 2008. In most cases, the rule change reduces the holding period for restricted securities under Rule 144. The company believes this action will enhance shareholder value and plans to release further information after the completion of the share consolidation.
Additionally, the company intends to file an amendment with the Florida Secretary of State to reduce the total authorized common shares of TidalWave Holdings to 250,000,000 from the current 5,000,000,000 shares. The company will release an announcement when this action is completed.
Safe Harbor for Forward-Looking Statements
Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in the future periods to differ materially from forecasted results.
Posts: 28 | Registered: Dec 2007
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posted
Great, then my current 80,000 shares which are now worth $8 will be worth $75 if the 1:1500 held. I'm rich!
Posts: 942 | From: Wisconsin | Registered: Jan 2006
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
Now what the H is this for. My $2000 gamble is already only worth $8 now what will it be worth... then I'll have 53 shares.
Posts: 942 | From: Wisconsin | Registered: Jan 2006
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posted
Not sure if it still applies but if you had at least 30000 shares as of effective date (I assume pre-split) they won't take you below 500 shares. Cold comfort but by the time you have the shares, etc. it will have been likely shorted back into sub IMO.
Date 2/20/2008 Old Symbol TDWV Old Name Tidalwave Holdings Inc. Common Stock New Symbol TWAV New Name Tidalwave Holdings Inc New Common Stock Comment 1-1500 R/S
TidalWave Holdings, Inc. Announces Share Consolidation, Reduction of Common Authorized Shares, and Preferred Share Dividend Issuance
TALLAHASSEE, FL, Jan 10, 2008 (MARKET WIRE via COMTEX) -- TidalWave Holdings, Inc. (PINKSHEETS: TDWV) today announced a special consolidation of its common shares, planned reduction of its common authorized shares, and planned preferred share dividend for common shareholders.
Management believes that it is in the best interest of shareholders to increase the per-share value of TidalWave stock to create broader market appeal and liquidity for existing positions. To accomplish this, the company will provide shareholders one (1) new share of TidalWave common stock for each fifteen-hundred (1,500) shares they currently own.
As a provision to preserve round-lots and provide increased value to existing shareholders, management has resolved that shareholders holding less than 750,000 shares but at least 30,000 shares as of the effective date will not be reduced below 500 common shares as a result of the split.
No fractional shares will be issued; shareholders with more than 500 shares post-consolidation, or less than 30,000 shares pre-consolidation, will have fractional interests rounded up to the next whole share.
The effective date of the consolidation is expected to be no later than January 31, 2008.
Subsequently following the consolidation, the company also anticipates issuing a restricted preferred stock dividend to shareholders. The restricted preferred stock dividend is expected to be convertible into common stock and be available for public resale after the required holding period under the newly changed Rule 144 SEC regulations, effective February 2008. In most cases, the rule change reduces the holding period for restricted securities under Rule 144. The company believes this action will enhance shareholder value and plans to release further information after the completion of the share consolidation.
Additionally, the company intends to file an amendment with the Florida Secretary of State to reduce the total authorized common shares of TidalWave Holdings to 250,000,000 from the current 5,000,000,000 shares. The company will release an announcement when this action is completed.
Posts: 37 | Registered: Jan 2005
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posted
Hey I had 80,000 shares but my Fidelity account shows a new stock symbol (TWAV) and only 73 shares, what about my other 427?
Posts: 942 | From: Wisconsin | Registered: Jan 2006
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