The IDWD PR below is dated 4/15/08. It mentions a proposed 5 million share buyback, after which IDWD will only have 37 million O/S. Add the 5 million shares to the 37 million future outstanding share figure, and you get 43 million current shares! Just a little simple math.
Press Release Source: IDS Worldwide, Inc.
IDS Worldwide, Inc. Announces Restructuring to Include Authorization of 5 Million Share Buyback and Retirement of Former Executives' Stock
Tuesday April 15, 11:27 am ET
IDS Worldwide, Inc. to Retire Millions of Shares of Former Executives' Stock to Treasury
ORLANDO, FL--(MARKET WIRE)--Apr 15, 2008 -- IDS Worldwide, Inc. (Other OTC:IDWD.PK - News) announced today a major restructuring of the company. The restructuring which has been planned during the last seven month quiet period includes new board members and executives, the retirement of millions of shares of former executives who have been dismissed, authorization of a 5 Million Share buyback due to market conditions and the injection of millions in capital and new technology that the company is acquiring.
IDS Worldwide, Inc. has evaluated all offers during this quiet period that have been previously announced and have decided to go forward with its own internal restructuring instead of accepting any buyout offer at this time. IDS believes the former offers are not sufficiently capitalized to benefit the majority of shareholders.
IDS Worldwide, Inc. has decided to end its self-imposed quiet period at this time to dispel any market rumors of any reverse split, buyout of any public company resulting in massive dilution or merger. IDS is acquiring significant technology and contracts for cash. Some technology being acquired may be from public companies but does not involve any exchange of stock or merger. Additionally, the majority of the capital and technology is coming from former and new company insiders.
IDS Worldwide, Inc. will launch a new informative website with this new technology shortly. With this restructuring, IDS will have less than 37 Million Shares Outstanding, as well as well-capitalized and significant technology advances in the market place. The new capital has already allowed for production of new products and has built significant inventory for immediate sale.
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