The timeline given was the deal is concluded for the $2.35 buyout by HLS. Now HLS advisors due the necessary paperwork and submit to the SEC. So as you can see HLS and SEC will determine the ultimate timeline. Normally the SEC will take the 1st documents and send back comments, then documents are updated and finalized. IDS has completed its part to make sure both the dividend and buyout deals were completed, the final timelines are not under IDS control. IDS can not help the daytrading or impatient investors who choose to sell below the $2.35 cash offer, we are to busy building a thriving business continuing to exhibit triple digit growth quarter over quarter. IDS firmly believes these transactions have benefited its stock holders both short term (IDS has barely been public a year) and long term. It is an investor own personal decision to believe or not believe that IDS is doing everything as stated in our PR's.
The $5 Million will be placed in escrow as soon as the SEC has approved the tender documents. The outstanding shares are approximately 45 Million and the insider control block (which still has one more year of restriction) is 25.5 Million. The float increase recently has been due to the original "shell owners' which IDS reversed merged into now becoming free trading and last week I donated 1 Million Share block of my personal holdings to a charity in Orlando I have been supporting for the last 13 years for battered women and children. I hope this answers some of you questions and I apologize but it is taking 20 hours a day to keep up with the exploding growth in UAE and Pakistan and I just finished 36 hours straight by computer and teleconference in Dubai launching major new projects and concluding the HLS buyout terms.
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