posted
I definetely feel you guys. I do agree with you all becuase I have made some small change on this before relatively easy. I guess that is why I am so eager to do it again:) I am leaning towards the hold on a bit also. I am not in the red I bought in at .0010 as always so hey who knows? I can wait I guess. OT: BRVO is finally back on track ( I think )
INTERNATIONAL DEVELOPMENT CORP. 534 DELAWARE AVENUE, SUITE 412 BUFFALO, NEW YORK 14202 TELEPHONE (416) 490-0254
October 17, 2005 To Our Stockholders:
The purpose of this information statement is to inform the holders of record of shares of our common stock as of the close of business on the record date, September 30, 2005, that our board of directors has recommended, and that the holder of the majority of the voting power of our outstanding capital stock intends to vote on November 7, 2005 to approve the following:
1. A grant of discretionary authority to our board of directors to implement a reverse split of the issued and outstanding shares of our common stock on the basis of one post-consolidation share for up to each 1,000 pre-consolidation shares to occur at some time within 60 days of the date of this information statement, with the exact time of the reverse split to be determined by the board of directors; and
2. The International Development Corp. 2004 Stock Plan (the "Stock Plan"), adopted by the directors on December 13, 2004, with 550,000,000 shares in the aggregate authorized under the Stock Plan; and
3. The transaction, described in the attached information statement (the "Transaction"), in which we will sell to Max Weissengruber, our president, chief operating officer and director, and D. Brian Robertson, our chief financial officer, one share of common stock, par value $0.001 per share, constituting 100 percent of the issued and outstanding shares of the capital stock of Freshwater Technologies, Inc., for a total purchase price of $60,210.33.
As of the record date, 483,404,226 shares of our common stock were issued and outstanding. Each share of the common stock outstanding entitles the holder to one vote on all matters brought before the common stockholders. As of the record date 65,000 shares of our Series A preferred stock were issued and outstanding and 1,000,000 shares of our Series B preferred stock were issued and outstanding. Pursuant to our Certificate of Designation establishing Series A preferred stock, a holder of shares of the Series A preferred stock is entitled to the number of votes equal to the number of shares of the Series A preferred stock held by such holder multiplied by 200 on all matters submitted to a vote of our stockholders. Pursuant to our Certificate of Designation establishing Series B preferred stock, a holder of shares of the Series B preferred stock is entitled to the number of votes equal to the number of shares of the Series B preferred stock held by such holder multiplied by 500 on all matters submitted to a vote of our stockholders.
We have a consenting stockholder, Betty-Ann Harland, our director and chief executive officer, who holds zero shares of our common stock, 65,000 shares of our Series A preferred stock and 1,000,000 shares of our Series B preferred stock. Therefore, Ms. Harland will have the power to vote 513,000,000 shares of our common stock, which number exceeds the majority of the issued and outstanding shares of the common stock on the record date.
Ms. Harland will vote in favor of the grant of the discretionary authority to our board of directors to effect a reverse stock split of our common stock and for the approval of the Stock Plan and of the Transaction. Ms. Harland will have the power to pass the proposed corporate actions without the concurrence of any of our other stockholders.
posted
WOW! Huge sell off. This will come down nice and I'll play. I'll play it till the split and then after the split it will come back down to this level and I'll play it even more with a lower float!
Just don't get caught in the split!
-------------------- Lil,
Dont LOSE more than you can afford to invest....LOL
I'm buying low and selling into the run...
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posted
I think it was IWWD, some symbol like that, lil'. Everyone knew the split was coiming and it ran hard until the day before it split. Timing is everything with a stock that announced a r/s. Good advice : "Just don't get caught in the split!"
-------------------- A million seconds is 13 days. A billion seconds is 31 years.
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COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
International Development Corp. Signs Licence Agreement With Wataire Industries Inc. to Market and Distribute Wataire's Atmospheric Water Generators in the United States
NEW YORK, Oct 12, 2005 (BUSINESS WIRE) -- International Development Corp. (OTCBB:IDVL) announced today that it has completed negotiations with Wataire Industries Inc. (Pink Sheets:WTAF) and has signed a licence agreement to market and distribute the Wataire atmospheric water generators in the United States. IDC will build a successful management team with industry experience and the managerial capability to market and distribute Wataire's atmospheric water generators. The timing is right to introduce Wataire's market ready technology, given that there is growing public and regulatory demand for clean, safe drinking water. Availability and safety of drinking water supplies are a major economic and health concern of consumers, driving the increasingly growing demand for alternate water solutions such as Wataire's technology and bottled water solutions. Learn more about Wataire's innovative technology at http://www.wataireindustries.com/.
Forward Looking statements in this release are made pursuant to the " safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic reports files with the Securities and Exchange Commission.
SOURCE: International Development Corp.
CONTACT: International Development Corp. Max Weissengruber, 416-490-0254
Copyright Business Wire 2005
-------------------- Lil,
Dont LOSE more than you can afford to invest....LOL
I'm buying low and selling into the run...
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posted
70 Mil volume - in the past this kind of volume was enough for a nice lift...indeed we haven't seen such a nice uptick volume since september when we crossed the bollinger...so I think we should reach the upper band within 1-2 days...
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I was hoping Lil would have a thought on it being that she is the resident IDVL tramp(no offence Lil hehehe), and usually is in tune with it..
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