InvestorsHub Logo
icon url

PennyCow

02/01/07 5:49 PM

#20633 RE: Trinityz1 #20632

I think the forward looking statements on IDWD' PRs say it best.

Are they liable or not for anything they say?


Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels. All information in this release is as of the date of this release. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.



icon url

Osback

02/01/07 6:45 PM

#20634 RE: Trinityz1 #20632

I am sure there will be consequences. I think the whole game with Patrick Downs is that the whole IDWD thing will slowly fade off into the sunset. People lose on a penny stock gamble, get bored, and eventually forget and move on.

He is also trying to cover his tracks by using multiple entities and staying in pinks so he does not have to issue or verify anything. I think he believes that if the SEC does really look into this, he has covered himself enough to make it too difficult and too small a fish to fry.

I think he believes that eventually the mess will go away while he is onto his newest scam in another myriad of entities.

I think he is wrong. The SEC may not have enough interest, but the IRS will. They are on to him. Just a matter of time.





icon url

PennyCow

02/01/07 7:22 PM

#20635 RE: Trinityz1 #20632

Maybe this will help you.

http://www.ids-worldwide.com/ids/newsdetail.php?news_id=314

"HLS further clarified to IDS yesterday that the documents signed on July 5, 2006 regarding their previously announced acquisition plans were "closing escrow documents" and not the final closing documents; IDS regrets any confusion caused by HLS terms enclosed in previous press release regarding these transactions. Since the escrow has not yet closed no control has taken place between the parties to the transactions, there has no additional information provided to IDS. IDS hopes these meetings will bring further clarification to this matter."