IDS are obviously, and with good reason, very concerned about this and other sites which have been highlighting, whether truthfully or otherwise, concerns (and I use that term loosely)about their company, in particular to where it relates to this (you have to admit,if real)unbelieveable, 'special dividend'.
One's impetuous, at times, desire to make a quick buck is, naturally tempered by the valid cliche - 'If it sounds too good to be true, it usually is'. If that doesn't spell high caution - it should.
However, I will now reveal that on Friday last,I made a token purchase of 2000 shares at 37. They had dropped at one time to
32 but were moving back up towards the close.
I grew very uneasy over the weekend reading many comments, and also from researching their touted income sites.
I personally could not find any cars, or hotel accommodations no matter how many options I tried. I could find no reference on the internet to the Pakistan large retail outlet quoted in their press release.
I brought these concerns to the company, and, in fairness, I got quick responces over the weekend to all my communications. Some of my concerns were not addressed, but ones relating to their websites were, and they admitted that the hotel accommodation still left much to
be desired.
I have posted, a little earlier, for you the response which gave the most assurances as to the proposed dividend.
However, first thing on opening of the market this morning, I saw the share price was 38 on the bid, and 40 on the ask. I put a sell order in at 39. It was accepted almost IMMEDIATELY
I was even, if necessary, prepared to take a small loss in order to get out. However, as you can see, I made a small profit. (my commission costs are very low)
In my posts, I have tried to give anyone interested in this company, in particular, or the workings of some of these companies listed in shark infested waters in general, an honest account of my experience.
What's the bottom line, the conclusion, I don't know. Is IDS legit, in other words? I don't know.
I guess its a case of 'you pays your money, you takes your chance.' I suppose it takes a special kind of stomach for these things. I am not sure my digestive tract is up to it.
Anyway, St Pat's day isn't far away, when all will be revealed.
Thanks for all your input.
