IDWS current pps .28. Dividend expectations as follows:
IDS also announced today the Board of Directors is continuing its discussions regarding the issuance of a special dividend payout to the common stockholders of IDS Worldwide, Inc. from the proceeds of the sale of IDS Homeland Security Division. IDS will discuss dividend options with Legal and Tax Counsel today. IDS believes a special dividend to common stockholders is the best way to increase shareholder value. The exact special dividend value has not been calculated but will range from $.37 to $.87 per common share. IDS will announce the completion of the Division sale and dividend plans after its meetings with counsel.
Posted by keithsan on :
got some this am.
Posted by Wallace#1 on :
Looks like they are going to give a divident for sure. Question is how much. If bottom is .37, would think many would be jumping on it with current pps where it is.
Posted by Dustoff101 on :
I'm trying to buy some Wallace..Nice find.
Posted by Triumph1902 on :
Got some also.. Anyone know how long it may take for them to announce what the divi is going to be?
Posted by DENSKIJR on :
I'm a little concerned about this being a pink and in florida every since gvrp now seeing how screwballish it can be with there rules and regs I'm very unsertain or is this the one where you just do a little bit and hope for a lottery again Im game just dont want to get screwed
Posted by Wallace#1 on :
Den,
Nothing is guaranteed. Do some DD. You will see recent announcement(s) about 2 bids for Homeland Security Division for $35-40 million. This is what they are talking about distributing as dividend to increase pps. From the info, the dividend seems to be a sure thing except for the amount. It closed at $.24 today, so you figure where it might go. Even at $.37, it would be over 50% increase above today's close. Granted, this does assume they are going to do what they say they will do.
Posted by Wallace#1 on :
I hear ya the most important part of your responce is that they do what they said they would do that's what worrys me but I havn't done all of my due but does this management team seem reperalble to you. I guess so since you have a position in this. thanks for the responce
Dennis
Posted by Dustoff101 on :
Wow what a stock, thanks big time WALLACE!!!!!!
Posted by Dustoff101 on :
Made a fast $250 Wallace, Thanks!
I probably should of held, but a 50% out of the blue is hard not to take..
Today I'm up $418 on two trades, I'm happy.
Posted by DENSKIJR on :
Nice job wallace should of jumped in instead of thinking about it to much great job
Dennis
Posted by Wallace#1 on :
Thanks guys! Could use some stars....like 5!
Any of able to get in on UPDA? I bought that at .39 and it closed above 1.00 today. Expect it to go higher, but don't be angry with me if it does not. It's a natural gas stock on the move.
Posted by Wallace#1 on :
quote:Originally posted by Dustoff101: Made a fast $250 Wallace, Thanks!
I probably should of held, but a 50% out of the blue is hard not to take..
Today I'm up $418 on two trades, I'm happy.
Dusty,
Yes, you should have held. Won't surprise me if it hits somewhere between .50-.80 before the dividend is dispersed. 100% of the $40mil on the sub sale suggests the div might be near .80.
Posted by Dustoff101 on :
I will be back in, in the morning... This time I will have some decent bucks to buy a bigger position this time.
Man, you are really on a roll!
I missed UPDA.
I was off buying another stock I only made 11% on..
Posted by Wallace#1 on :
Whoever.....many thanks for the 5 stars.
Posted by DENSKIJR on :
I guess your saying its not to late to enter I agree dust I missed upda as well what a ride i was watching both stocks and didn't enter. wallace you still think its a good entry????
Posted by Wallace#1 on :
Den,
Of the two, I think for you a better ride would be IDWS. It closed at .38 today. With all those monies going toward a dividend, I think it could hit .80. That's why I have not yet sold my 30K. It may even go higher. Remember this is just MY opinion. I would hate to see you lose money if I am wrong. That is very troubling to me. Honest opinion, though, is it will hit .80 minimum.
Please make your decision based upon your own finances and DD. You probably see no less in DD than I do, but I am not sure.
PS: Always remember the stock market is the world's largest casino....and we are playing with the lowest form in that casino market.
Posted by DENSKIJR on :
PS: Always remember the stock market is the world's largest casino....and we are playing with the lowest form in that casino market.
Ha!!! thanks for the chuckle
Ya I've learned a long time ago that my decisions are my own I just hate fighting Dust for the shares I think the MM's like him and Peaser better than me. thanks for your imput GLTY
Posted by Phoenixx on :
quote:Originally posted by Wallace#1: Whoever.....many thanks for the 5 stars.
No problem.
I got in at .39 today. Kicking myself for not getting in at .24 yesterday. Posted by bdgee on :
quote:Originally posted by DENSKIJR: PS: Always remember the stock market is the world's largest casino....and we are playing with the lowest form in that casino market.
Ha!!! thanks for the chuckle
Ya I've learned a long time ago that my decisions are my own I just hate fighting Dust for the shares I think the MM's like him and Peaser better than me. thanks for your imput GLTY
Well, yeah, that's part of entrophy. It's natural law. According to an old proverb that says every man will have a woman and a dog that love him. I don't know what woman either has, but Peas and Dust have MMs.
Posted by Phoenixx on :
One thing that puzzles me about cash dividends..dont they usually adjust the share price downwards by the same amount as the dividend? I remember with the Microsoft $3 special divvy..after it was handed out, the stock dropped 3 bucks..if for some bizarre reason the PPS stayed at .80 when the divvy was given out..how do they keep it (the PPS) from falling to zero?
Posted by Wallace#1 on :
Phoenixx,
They do have other businesses.
Posted by Peaser01 on :
quote:Originally posted by Wallace#1: Thanks guys! Could use some stars....like 5!
Any of able to get in on UPDA? I bought that at .39 and it closed above 1.00 today. Expect it to go higher, but don't be angry with me if it does not. It's a natural gas stock on the move.
Too late, I guess the five you got last spring from me wasn't enough. I can give ya an imaginary high five though.
High Five Wallace! Satisfied? Posted by Wallace#1 on :
Yeah, thanks, my friend.
Posted by DENSKIJR on :
I overslept by 21 min. rrrrrrrrrrrrrrrrrrrrrrr It's the new baby thing Do I really want to pay .46
Posted by Phoenixx on :
quote:Originally posted by Wallace#1: Phoenixx,
They do have other businesses.
No, no I think you're misunderstanding me. The market dictates that the price automatically has to fall by the above dividend amount. So what would happen if the PPS was .79 the day the .80 dividend was given out? Would they have to hold off the divvy til the PPS rose above .80, or does the market have special rules for weird situations like that?
Posted by DENSKIJR on :
That's a good question
Would they have to hold off the divvy til the PPS rose above .80, or does the market have special rules for weird situations like that?
Since I dont uderstand all of the divvy rules. Glad I held of purchasing this morning just sitting on the sides for now waiting to see what takes place
Posted by Wallace#1 on :
No special rules. They would declare a Record Date for the dividend. It would be traded x dividend in the usual manner. Shareholders of record would get the dividend. The mkt price per share would fall (or rise) to whereever the market (buyers/sellers) think it should or could go. Granted, the pps should fall, who knows by how much if any.
Posted by DENSKIJR on :
Interesting day I held off till tommorrow gonna see what a new day brings. GLTA
Dennis
Posted by lucky00 on :
The dividend will be declared for shareholder's of record at a future date? i.e. Nov. 3 is this correct? I'm just making sure that I don't buy a bunch of shares and they say Sep.10. shareholders of record get the dividend.
Posted by Wallace#1 on :
I have seen no sign of any Record Date, Pay Date or X-Div Date yet. The X-Div Date is prior to and based upon the Record Date. As far as I know, not yet set. NASDAQ sets the X-Dividend Date.
[ October 12, 2005, 19:24: Message edited by: Wallace#1 ]
Posted by Wallace#1 on :
Reversed the timing on the X Date above. Must have stock delivery by Record Date to get divs. If I remember correctly, buy at least 3 business days prior to the Record Date.
PS: Understand for a cash div. X-Date may be prior?
[ October 12, 2005, 20:04: Message edited by: Wallace#1 ]
Posted by Wallace#1 on :
Maybe this will help....maybe not:
Large or Valuable Dividends, Dividends "Not In Kind", and Split-ups Effected as Stock Distributions
When large or valuable cash or stock dividends (usually 20% or more), or a dividend "not in kind" (i.e., a distribution of securities of another issuer), or a split-up is declared, it is the policy to postpone the "ex-dividend" or "ex-distribution" date until the dividend has been paid. The reason for this is so that the stock is not quoted at the substantially lower "ex-dividend" or "ex-distribution" price until the distribution is received by shareholders. If this were not the case, the collateral value of the stock would be reduced between the "ex" date and payment date, and the shareholder might be required to provide additional collateral.
In the case of dividends "not in kind" (regardless of its size in relation to the listed security), it will be necessary to postpone the "ex-dividend" date in the event a market does not exist in the security to be distributed at the time the listed issue would normally be quoted "ex-dividend".
The "ex" date after the payment date makes it possible for shareholders to sell all of their holdings at one time, on a "dividend on" basis (prior to the "ex" date). As a result, purchasers of the stock prior to the "ex" date continue to pay a "dividend on" price, but will not receive the dividend payment from the company. Accordingly, the "dividend on" purchaser is entitled to receive the dividend from the seller. The seller, in turn, is required to give the purchaser a due bill, covering the amount of the dividend, to be redeemed on the date fixed by the Exchange.
PS: Oh, hell. Buy at least 3 days before the Record Date and don't sell until after the X-Div Date and you should get the div.
[ October 12, 2005, 20:27: Message edited by: Wallace#1 ]
Posted by Wallace#1 on :
IDS also previously announced that the Board of Directors has decided to use 100% of the proceeds from the buyout for a one time special dividend paid to common stockholders of IDS Worldwide, Inc. stock after various closing costs. IDS has been able to determine the one time special dividend value to be higher than the previously announced range of $.37 to $.87. Certain final closing agreements have now upgraded the range of the one time special dividend value to the shareholders to $.87 and $1.01 per common stock share of IDS Worldwide, Inc. IDS hopes to conclude in the next 48 hours discussion with Tax counsel to determine the exact dividend after closing costs and corporate tax considerations. In any event the value will be at least $.87 per common stock share.
Finally, IDS counsel has informed the Company that under Rule 10b-17 there is a 10 day window prior to "any dividend record date." Therefore, after the one time special dividend value is determined after tax questions completed in the next 48 hours the ex-dividend date will be set and any investors buying the stock up to the ex-dividend date will be eligible to receive the full value of the one time special dividend.
IDS is not issuing any additional shares of IDS Common Stock in connection to this transaction so there will be no dilution to common stock holders of IDS Worldwide, Inc. IDS has not concluded the negotiations for licensing the technology of the Company's various Biometric Technologies and this will not delay the closing but will conclude as a separate transaction.
Posted by DENSKIJR on :
Let me guess wallace. "So your saying I should buy" Ha
Good Morning to all
Posted by lucky00 on :
I think it is about to have a huge day.
Posted by DENSKIJR on :
ya I'm trying to figure out how much it will cost me to get shares.
Posted by DENSKIJR on :
Well I got em but at .55 man yesterday was a great day to enter again I think it should go up from hear but you can pickem up for .53 if ya want em
Posted by lucky00 on :
BOOM!
Posted by DENSKIJR on :
Man now at .5 why anyone wouldn't buy this right now is unknown to me the just stated that it is for sure at least .87 at that dividend that at 74% on your money.
Posted by DENSKIJR on :
Man read this again. Tell me what I'm missing I just Invested all avaible trading cash here.
Member Rated: posted October 13, 2005 08:46 -------------------------------------------------------------------------------- IDS also previously announced that the Board of Directors has decided to use 100% of the proceeds from the buyout for a one time special dividend paid to common stockholders of IDS Worldwide, Inc. stock after various closing costs. IDS has been able to determine the one time special dividend value to be higher than the previously announced range of $.37 to $.87. Certain final closing agreements have now upgraded the range of the one time special dividend value to the shareholders to $.87 and $1.01 per common stock share of IDS Worldwide, Inc. IDS hopes to conclude in the next 48 hours discussion with Tax counsel to determine the exact dividend after closing costs and corporate tax considerations. In any event the value will be at least $.87 per common stock share.
Finally, IDS counsel has informed the Company that under Rule 10b-17 there is a 10 day window prior to "any dividend record date." Therefore, after the one time special dividend value is determined after tax questions completed in the next 48 hours the ex-dividend date will be set and any investors buying the stock up to the ex-dividend date will be eligible to receive the full value of the one time special dividend.
IDS is not issuing any additional shares of IDS Common Stock in connection to this transaction so there will be no dilution to common stock holders of IDS Worldwide, Inc. IDS has not concluded the negotiations for licensing the technology of the Company's various Biometric Technologies and this will not delay the closing but will conclude as a separate transaction.
Posted by greenman on :
Went up from .36 to .53 in 13 minutes. At .50 right now. I put in order before market opened at .36,the order is still open, will it execute?
Posted by lucky00 on :
How long do you guys think before they declare the date?
If this pans out, which I feel comfortable that it will, it will be an excellent deal.
Why hasn't this stock soared to over $1.00?
It seems like a win/win.
Posted by DENSKIJR on :
Why hasn't this stock soared to over $1.00?
that is my question as well maby they are waiting for the next 48 hours to see exactly what the div date will be and how much but by that time I belive it will be too late. I was able to purchase my dads portion as well. Posted by Phoenixx on :
The reasons:
1) We only still "have their word" that they're giving it out. 2) The daytraders are playing with it, buying on the dips and selling when it falters at a high. 3) The MMs are keeping it from moving too much too fast because they make more money that way.. 4) The divvy could still be 87 cents. The closer it gets to 87 the less attractive the stock is.
Least that's my take on why it hasnt moved a lot.
Posted by Phoenixx on :
Surging now.
Posted by DENSKIJR on :
running now at .62 glad I filled this morning at .55 .51 and .50 Better late than never right wallace =-)
Posted by Wallace#1 on :
DEN,
You should be OK, even at your buy pps.
greenman,
No way will you get filled at .36.
Posted by Catch22 on :
In at .53
Hope I didnt miss out on all the fun
Posted by greenman on :
quote:Originally posted by Wallace#1:
greenman,
No way will you get filled at .36.
I got in at .62.....crap, I hope this pays out.
Posted by Dustoff101 on :
bump
Posted by Catch22 on :
quote:Originally posted by greenman:
quote:Originally posted by Wallace#1:
greenman,
No way will you get filled at .36.
I got in at .62.....crap, I hope this pays out.
Well each one of those shares is worth at least .87+Whatever you sell the stock at. So it should be all good
Posted by DENSKIJR on :
You should be OK, even at your buy pps.
greenman,
No way will you get filled at .36.
-------------------- A person who says it cannot be done, should not interrupt a person accomplishing it.
Ya I think so too I suprised its still at where its at hopefully by over the weekend on monday they will announce what the actual div. should be and when. GLTY
Posted by Dustoff101 on :
The best advice? When Wallace speaks LISTEN!
The vast majority of US, around here, are nothin but a bunch of amateurs..Compared to Wallace..
Just go back and read his posts.. When he kicks into high gear and takes the time to share with us, you will see his level of expieriance and knowledge..
He DOES NOT BS when he is talking seriously about stocks...
I am going out on a limb here with the following...I hope I don't get chewed out by Wallace for doing it..!
Wallace is an Old time big shot on wall street.. And we are fortunate to have him.. In the private sector? Men like Wallace get payed $100's if not $1000's per hr.
So treat him with respect, or he will squash ya like a bug!J/K LOL
Posted by keithsan on :
currently on this I can find no filings on the dividend. when I can't find filings I either just play for cash or I play for free shares. That way if the dividend doesn't pay out, I only lose free shares and if it does I have already made and continue to make bank.
Basically, I always try to keep myself from taking a hit. And i never trust a company. Lately we can't even trust filings so its getting harder in ways.
Posted by cruz on :
yeah like ISME - i have the spin off shares though but no symbol.
quote:Originally posted by keithsan: currently on this I can find no filings on the dividend. when I can't find filings I either just play for cash or I play for free shares. That way if the dividend doesn't pay out, I only lose free shares and if it does I have already made and continue to make bank.
Basically, I always try to keep myself from taking a hit. And i never trust a company. Lately we can't even trust filings so its getting harder in ways.
Posted by keithsan on :
correct, like with ISME I think i made 50 or 100 bucks but ended up with some company shares, no symbol. It may stay that way or they could become nice bank.
Posted by Wallace#1 on :
quote:Originally posted by Dustoff101: The best advice? When Wallace speaks LISTEN!
The vast majority of US, around here, are nothin but a bunch of amateurs..Compared to Wallace..
Just go back and read his posts.. When he kicks into high gear and takes the time to share with us, you will see his level of expieriance and knowledge..
He DOES NOT BS when he is talking seriously about stocks...
I am going out on a limb here with the following...I hope I don't get chewed out by Wallace for doing it..!
Wallace is an Old time big shot on wall street.. And we are fortunate to have him.. In the private sector? Men like Wallace get payed $100's if not $1000's per hr.
So treat him with respect, or he will squash ya like a bug!J/K LOL
Dusty,
Getting carried away with yourself again, huh? I am not perfect and have made just as many stock purchase mistakes as has anyone else. Let it rest at that.
PS: This market is different and much, much trickier than where I worked.
Posted by Dustoff101 on :
Wallace, did you catch Crammer tonight? He really blew it on Refco, said he and his partner lost 17 million dollars..Did you know him?
Question? How in the world did you people used to trade the penneys in the old days...
Were there fortunes made on a regular basis?
Do you think we will see smaller and smaller profit margins becouse of all the electronic trading..
Also, do you know of any changes in the OTCBB'S and OTC'S that will be benificial to us traders in the future?
Posted by Wallace#1 on :
Dusty,
Please! I am not an expert. There are others who regularly trade in these lower markets who are much, much better and more knowledgeable than I. No more, please. Follow people like Purl Gurl, Glassman, Blue, etc. if you like fundamentals. Follow Machiavelli, keithsan, etc. if you like technicals. All are excellent.
PS: We never traded the pennies. It was always considered taboo and too risky.
PS:#2: Dardadog is tops too, but haven't seen much of him lately. There are so many good posters on Allstocks, it is difficult to remember and name them all.
[ October 13, 2005, 20:22: Message edited by: Wallace#1 ]
Posted by Dustoff101 on :
Wallace, I am not a follower, seen to many folks walk in other peoples chit doing that...
Dar Da Dog only cost me money..Once burned? well ya know the rest on that one..
Please don't think I blindly follow you, man in my book that is one hell of an insult to my intelligence and puts doubt on my freinship with you..Very un cool dude.
I simply wanted a person of your vast expieriance to shine brighter for the newbes than some of the self-proclaimed stock Gods that periodicaly show up around here..
If I am wrong about you so be it, but when the battle on the CMKX thread was broiling you called that mess right down the line..Are you telling me now that was all BS?!
QK, already, I am about to lose my temper! So, this dead dog is going in the ground..
Posted by Wallace#1 on :
Dusty,
Sorry, my friend. I did not intend to offend you in any way whatsoever. I know you are a leader and not a follower. As for DaDog, he wins much more than he loses....he's truly good and knows his stuff. Man! I too have recommended some losers. No one is 100% perfect as you well know. What I said about CMKX was not, in my opinion, BS. Just tried to point out facts.
I do not want to lose your friendship due to my tactlessness!
Posted by Dustoff101 on :
If we keep this up? These guys are going to sentance us to LIFE on the Q thread, OUCH!
Apology accepted..
Posted by blue_in_MI on :
mighty interesting stock, this one. i should have bought a little early on for a quick play, but - passed, to my own loss. just not my typical kind of stock, i tend to only like the boring ones! heh
no idea how this one will go, should be interesting. i admit, being on the skeptical side, i'd be cautious about putting too much in or letting it ride too long.
i'd also advise owners to check around at some of the other boards like RB and IH, to evaluate the pros and cons of keeping a position. on the con: downs certainly appers to have had a checkered past at best with the law, and my skeptical side finds it very hard to believe that they will actually distribute the cash they say. on the pro side, who knows - they might, could all be legit, and it appears that downs' legal issues were quite awhile ago.
i don't pretend to know how it will go, but - am watching with interest and wish you guys luck.
btw, keith i thought you offered good insight in your 17:50 post; i agree that if you're going to play stocks like this, is a good way to do it
Posted by Wallace#1 on :
Blue,
I don't frequent either of those boards. Would you be kind enough to enlighten me as to Down's legal troubles? I know you cannot give me the site addresses.
Posted by BuyTex on :
dammmm--did I miss it? looks like a play I would bet blind...
good traders here...
*love* these plays--you guys kiss n make n up?
lol--good dialogue
Posted by Dustoff101 on :
yuck, kiss Wallace the Tin Man?
I am afraid that would be a crime against nature...Hardi har har lol
Posted by BuyTex on :
lol, don't wanna piss off Muther Mature...
got an idea for a "game," though...
Posted by Wallace#1 on :
OK, you two. Go off and play in the street.
Posted by BuyTex on :
lol, wallace, i like the play...good pick
Posted by blue_in_MI on :
I don't frequent either of those boards. Would you be kind enough to enlighten me as to Down's legal troubles? I know you cannot give me the site addresses.
Posted by DENSKIJR on :
Hey Wallace,
just a question just got done reading about 100 ihub posts then went to the last 50. One good question of all that the p/r does state that the divvy will be a value of at least .87 it does not state that they will pay cash of .87 what else could they give you since it also states that there will be no new shares issued so that covers the dilution portion. Just a question. Hope your haveing a good night
Dennis
Posted by Wallace#1 on :
Based upon Blue's warning all should be aware of the following:
Aliases: PATRICK DOWNS PATRICK CHRISTOPHER DOWNS
Note: The offense descriptions are truncated and do not necessarily reflect the crime for which the offender is on supervision. Please refer to the court documents or the Florida Statutes for further information or definition.
Current Community Supervision History: Offense Date Offense Sentence Date County Case No. Community Supervision Length 05/31/1991 GRAND THEFT O/20,000 L/$100,00 05/06/1992 ORANGE 9108418 15Y 0M 0D 05/31/1991 05/06/1992 ORANGE 9108418 15Y 0M 0D 05/31/1991 05/06/1992 ORANGE 9108418 15Y 0M 0D 05/31/1991 FRAUD-USE OF DEVICE 05/06/1992 ORANGE 9108418 15Y 0M 0D 05/31/1991 05/06/1992 ORANGE 9108418 15Y 0M 0D 05/31/1991 FRAD'LY OBTAIN PROP,ETC. 05/06/1992 ORANGE 9108422 20Y 0M 0D 04/25/1991 FRAD'LY OBTAIN PROP,ETC. 05/06/1992 ORANGE 9109625 5Y 0M 0D 05/31/1991 FORGERY/UTTERING 05/06/1992 ORANGE 9200247 5Y 0M 0D 05/13/1991 FORGERY/UTTERING 05/06/1992 ORANGE 9200248 5Y 0M 0D 08/17/1990 GRAND THEFT O/20,000 L/$100,00 05/06/1992 ORANGE 9200593 15Y 0M 0D These were some of the charges he pled guilty to doing that didn't show up on the summary list:
grand theft second degree sale of unregistered securities (3 counts) sale of securities by an unregistered issuer (3 counts) fraudulant securities transaction (3 counts) grand theft third degree (2 counts)
I was not aware of any of the above. Yes, it was years ago, but may be indicative of current negative intentions or results. I do not know. I just ask that all are careful and pay attention to keithsan's and Blue's suggestions in addition to your own thoughts.
Posted by Wallace#1 on :
Den,
Good question. They do not specifically say it will be a cash dividend, but do state the "value" will be at least .87. I suppose that leaves some room to do other things if the whole thing is questionable. I just ass-umed they meant cash. Suggest you keep a very close watch on any releases. If other than cash, bail out!
Posted by Wallace#1 on :
Blue,
Thanks for the heads up!
Posted by DENSKIJR on :
I just ass-umed they meant cash.!!!
Me too I didn't get it till someone else pointed it out. Caught me off guard It seems if we get to the .80+ It will be hard for me to hold but we will see Im hopeing they put out the p/r first thing tommorrow morning with all the explanations Good Luck to Ya and thanks for posting it.
Posted by blue_in_MI on :
I'd like to reiterate the fact that I own zero shares of IDWS, don't know that much about it, and really have no idea about Patrick Downs. My "DD" has consisted of about 5 minutes worth of poking around, that's it. Is just an interesting situation, so - was just following it, that's all.
I am not trying to bash IDWS, pump it, or anything else - merely a bystander. My only point was that if i *did* own it, especially if I owned a significant chunk, then I'd want to make sure to fully research the company and proceed with a bit of caution, and develop a personal comfort zone on the risk/reward curve on it. That's all. I honestly have no idea if it will soar or tank; could do either. I certainly hope for those playing it that it does quite well.
personally i hold 2 good-sized positions in companies that many consider to be scams: GFCI and ETLT. so while i freely admit all the time that i am the board's "pet fuddy-duddy" and invest in the most boring stocks here this side of Purl, i'm not trying to tell anyone to *not* try to play a stock with question marks. my only point is to be aware of risks and weigh position-size and buy/sell decisions accordingly, as i did with both ETLT and GFCI.
along these lines, i agree 100% with wallace's sentiments over on the micro board, about the need to be open to looking at both pro and con when it comes to a stock one owns, and to actively seek out and consider all valid forms of research about it. just common sense.
as a side note, many people here who also visit RB know that it's often quite a cesspool, with an incredibly low signal/noise ratio. but - the fact that sometimes there's a few nuggets of useful information there amongst all the pumping and bashing, still compel me to go over there and read a bit of it for stocks i follow, though i've never posted there. the trick of course is to try to filter it all properly, take things with a grain of salt, and follow up any posts of genuine interest with your own DD.
Posted by bdgee on :
blue,
I read all of your post.
Within them I find a reasoned approach to evaluating a stock and a few nuggets of wisedom beyond stocks and stocks and stocks and more stocks. Thanks for being "the board's "pet fuddy-duddy"".
Posted by Dustoff101 on :
Well, I'll be damned, people taking responsibility for what maybe over sites and not blindly spinning the facts...
Wall Street Guru's [ like Peter Leeds and Crammer] say never pay attention to the chat rooms....
I say bullsnot!
When good folks post, we get an insight the Wall Streeters don't want us to see..
Where else can we go?
I DO NOT TRUST CEO'S PERIOD.
They lie, cheat and then smirk at us all the way to they're prison cell..
I'll take my chances down here at ground level and keep track of the consistently honest posters..
I really get a kick outa of jumping into the fray around here..
I look at this way, even an un-educated fisherman like myself can tangle with folks who really know there chit!
I am amased at how much I learn around here on a daily basis, the funny part?
People who have known me for years are amased at how much knowledge I've gained pertaining to the stock market..
I guess things are relative to any position in time..
Posted by Wallace#1 on :
Called Co this morn. Left msg at Downs' extension. Questions: 1. Cash Div or some other form of div.? 2. Expound on question of prev. litigation?
Also called Scott, Pres. He said he could give out no info. Only from Downs. Pushed rather hard for question of cash div. Specifically asked is it strictly a cash div or some other form, such as a spin off of some "rinky-dink" operation? He said he understood where coming from, but only Downs can respond by email.
Am not crazy about the above response.
Posted by DENSKIJR on :
Wondering why they would wait till after market closes to announce the divvy you think it better or worse. Seeing if it's good that would give all weekend for people to find out about it. just a question
Posted by Wallace#1 on :
If all cash, you will probably see it climb. If all spin off of something, will probably see exodus. If combination of the two, question as to which way.
Posted by Dudanation on :
Where will it be announced?
Posted by Wallace#1 on :
quote:Originally posted by Dudanation: Where will it be announced?
Keep an eye on Stockhouse.com. I am sure someone will spot it and post it here as well.
Posted by hamagasi on :
wow,conversation on this stock has really heated up here.
Posted by Dustoff101 on :
quote:Originally posted by hamagasi: wow,conversation on this stock has really heated up here.
------------------------------------------------- Nah, this ain't nuttin..... Just come around when we really get wound up over sumpin..
Posted by Dudanation on :
It was supposed to be announced by now wasn't it?
Posted by Wallace#1 on :
Saw where someone said Downs stated specifics on div. would be announced past Fri or Sat. Don't know if true. Could not verify info. Just keep looking.
Posted by DENSKIJR on :
This is where you have to read p/r's very carfully instead of breezing through it. This is taken from the last p/r notice the word Hopes
" IDS hopes to conclude in the next 48 hours discussion with Tax counsel to determine the exact dividend after closing costs and corporate tax considerations. In any event the value will be at least $.87 per common stock share."
Posted by Wallace#1 on :
Question is: "Cash or something else?"
Posted by Wallace#1 on :
Let's hope that dividend is cash.
Just a refresher for those unfamiliar with IDWS:
RECENT NEWS
IDS Worldwide, Inc. in a Letter to Shareholders to Be Released on October 12, 2005 Announcing HLS Buyout and Special Common Stock Dividend http://biz.yahoo.com/iw/051006/097223.html
IDS Worldwide, Inc. Files With NASDAQ: IDS Worldwide, Inc. -- Formerly Known as IDS Worldwide Solutions, Inc. -- Files Mandatory Certificate Recall and Symbol Change http://biz.yahoo.com/iw/051005/097121.html
Share buyback and retirement/Earnings guidance and more IDS Worldwide Solutions, Inc. Announces Completion of 10 Million Shares Repurchase of IDS Common Stock http://biz.yahoo.com/pz/050906/85316.html
* The company recently announced that its IDS Homeland Security Division, under an Exclusive Territory Agreement with Digital Securities Controls, Ltd., a division of Tyco International, has received a record-number 4,000 new client orders in the current quarter representing a 2,600 percent increase over the second quarter of 2005. IDS generates revenue from both security product installations and reoccurring monthly monitoring fees.
* IDS announced its guidance for the company's first year as a publicly traded company with revenues of $25 million - $30 million and EPS of $.21 - $.23
* The company, under its previously announced stock buyback program, has repurchased 10 million shares of IDS common stock in a series of open market and private purchases. IDS' stock buyback program has reduced the outstanding common shares of the company by approximately 20 percent.
* www.995ad.com has already become the 2nd largest automobile site on the Internet in the 1st quarter of operation, approaching 575,000 cars.
* IDS has signed new agreements to add over 70,000 Worldwide Resorts and Hotels with live bookings and reservations to the travel section of 995ad.com."
* IDS has retained counsel to file a registration statement for its wholly owned subsidiary, 995ad.com. Upon effective registration statement, 995ad.com will trade on the OTCBB as a wholly owned, publicly traded subsidiary of IDS Worldwide Solutions, Inc. Common stockholders of IDS Worldwide Solutions, Inc. will receive a pro-rata number of shares of 995ad.com pursuant to each individual investors holdings as of the effective date of the registration statement of 995ad.com.
SHARE STRUCTURE:
Outstanding Shares = 40mm Authorized Shares = 100mm Restricted Shares pulled from the DTC = 37.5mm Float = 2.5mm
Posted by Wallace#1 on :
In the above, forgot to highlight the previous (early 90s) litigation that may have been Patrick Downs. Serious enough to be meaningful if it was him.
Also, have heard nothing about the 995ad thing being accomplished or anything about timing. As far as the share buyback is concerned, it appears that they bought back Downs' shares.
Posted by Wallace#1 on :
Meaningless news release today....just a rehash. No specific useful info.
Apparently retaining ownership of part of div. Also polling SHs re div....remember that Downs controls.
Release: IDS Worldwide, Inc. Updates Special Dividend Payment Decision 10/17/05
IDS Worldwide, Inc. Updating Special Common Stock Dividend and Ex-Dividend Date
ORLANDO, FL, Oct 17, 2005 (MARKET WIRE via COMTEX) -- IDS Worldwide, Inc. (OTC: IDWS) today updated the Company's previous Press Release that it has concluded the negotiations for the buyout of the Company's Homeland Security Division (HLS) with the closing deal determined to be now valued at $41,500,000 before certain closing costs.
IDS also previously announced that the Board of Directors has decided to use 100% of the proceeds from the buyout for a one-time special dividend paid to common stockholders of IDS Worldwide, Inc. stock after various closing costs. IDS has been advised by Counsel that audits for the breakout of the Homeland Security Division (HLS) must be completed to determine the exact dividend after closing costs and corporate tax considerations for the one-time special dividend payment to the common stockholders of IDS Worldwide, Inc. These steps are required since IDS Worldwide, Inc., under the negotiated buyout terms, is not selling the entire HLS division and the IDS will maintain ownership in the new entity.
IDS auditors of its overseas HLS Division operations are scheduled to be completed this week and then will be combined and audited by US Tax Counsel. US Tax Counsel will take approximately 10 days for this review. Certain final closing agreements have now upgraded the range of the one-time special dividend value to the shareholders to $.87 and $1.01 per common stock share of IDS Worldwide, Inc.
Finally, IDS counsel has informed the Company that under Rule 10b-17 there is a 10-day window prior to "any dividend record date." Therefore, any investors buying the stock up to the ex-dividend date will be eligible to receive the full value of the one-time special dividend. Due to tax considerations faced both by the Company and individual common shareholders, IDS Board of directors has decided to solicit shareholder input thru a shareholder vote subsequent to the completed breakout audit of the Homeland Security Division (HLS) regarding the timing of the payment of the special one-time dividend payout and the structure of said payout. All shareholders will receive the proper documents via mail from IDS Worldwide, Inc. though the Company's Transfer Agent. IDS feels it is more equitable to allow all shareholders to determine and assess the tax implications and timing of the one-time special dividend that will affect each shareholder.
IDS is not issuing any additional shares of IDS Common Stock in connection to this transaction so there will be no dilution to common stock holders of IDS Worldwide, Inc. IDS has not concluded the negotiations for licensing the technology of the Company's various Biometric Technologies and this will not delay the closing but will conclude as a separate transaction.
Forward-Looking Statements
Posted by Dudanation on :
So they're saying current shareholders choose the dividend date? How about now! haha.
Sounds to me like they're just delaying things.
By the way. Do you have the buy the stock by the ex-div date or do you have to actually have possession of it (3 days after your buy date) for it to work? I've always been sketchy about dividends and whether i can sell on the ex-div date and still get the record date.
Posted by Wallace#1 on :
I think you are correct about a delay. SH input or not, just remember that Downs really controls anything done about the dividend.
As to those dates, when announced, you must be a holder of record on the Record Date and, if you want the dividend, you must still own it until after the X-Dividend Date.
Posted by chanhous on :
Wallace, do you think there will be an exodus as a result of today's PR? I had my finger on the sell but couldn't bring myself to pull the trigger yet. Needless to say, I'm not happy with this development.
Posted by Dudanation on :
We're seeing a drop in the disappointment of others. Good or bad? Think they might just drag this out to the point where they just decide not to give the dividend?
Posted by Phoenixx on :
I'm still holding....hardly worth it for me to sell anyway..got in at .39
Posted by Wallace#1 on :
Don't think this will cause much, if any exodus. No real info given to cause it. Not happy with this release at all, but still holding. It is disappointing. Seems to me that Downs could at least be specific as to the dividend type.....and I know he is aware of the question.
Posted by DENSKIJR on :
Still holding losing my butt hard to sit down today Posted by Dudanation on :
I'm holding until I at least see news on this. Hopefully we can catch it before most others if it's bad. I may even consider picking up some "dipping" shares this week but not many... the kind that you can't really lose much on because the quantity is low but since the price is getting cheap it'll be a great incentive for having to sit through all this dropping.
So just out of gut. What do you guys think is going to happen? Company decides not to give out dividend? Evil plan well-though out so they can buy back more shares before the price sky-rockets? I have no idea why they'd want to announce this and then not keep their word. And I also don't understand why they'd give us the dividend in the first place. So conspicious!
Posted by Wallace#1 on :
I don't mind telling you all that I am not the least bit happy with IDWS management. Rec'd an email back about potential shorts, profit taking, etc. BS, but no answers to specific questions. Supposedly my email came from Patrick himself. If I did not delete it, I will post it, but I think I deleted because it said nothing of note.
Posted by Wallace#1 on :
Here it is:
From: patrick*ids-worldwide.com
>IDS stock was up over 500% in last 10 trading days. Some pullback is inevitable. Daytraders who have profits may not be willing to wait for the dividend. Additionally, parties who are know to be short the stock have called the company the last two trading days looking to buy large blocks. Bashing at the bid to produce panic selling to help them cover at lower costs could also be at work. Regardless, IDS will continue forward with our game plan that is not affected by day to day stock moves.
Posted by Dudanation on :
Yup. Says absolutely nothing about what we care about. Where is the freaking Dividend? Worthless excuses trying to keep us in is how I see it!
Posted by DENSKIJR on :
Quite a bit of volume this morning somethings going on looking alot stronger than yesterday thank God. almost 600k volume
Posted by chanhous on :
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