Here's some new from wdis, I don't think there has been a pr as of yet. Good news for sure!!
E-Quill
The E-Newsletter of Wordsmith Media, Inc.
May 20, 2012
www.wordsmithmedia.net
Google Employee
Turned-Millionaire Publishes
E-book with
Wordsmith Media and Highland Loch
In 1999, Bonnie Brown took a part-time contract job with a small start-up company named Google. She was offered stock options and for her, the rest was history. Bonnie has agreed to publish her E-book version of her story through Wordsmith Media and Highland Loch Press. The E-book formatting, editing and artwork were completed late Thursday night and was expected to be on sale at Amazon Friday morning in light of the Facebook IPO and the stories surrounding the many Facebook employees who would become instant millionaires as a result. Unfortunately, the copyright verification process at Amazon prevented the E-book from being made available immediately. The issue should be resolved soon and the E-book will be made available for download. A public announcement will be made once the E-book is on Amazon. Click on the below link to see Bonnie's story when she appeared on The Ellen DeGeneres Show, CNBC and other nationally televised programs: Giigle News
WDIS Update
The power of underwriters was made very evident on Friday if you followed the trading of the Facebook IPO (FB). What was considered to be the largest IPO in history, Facebook had to be held up in the last hour of trading at its offering price of $38. It is estimated to have cost the underwriters, led by Morgan Stanely, nearly $3 billion to buy back the shares to keep a certain stock price. The photo below is an actual screenshot we took of Level 2 just 8 minutes before the closing bell. The selling at $38 by shareholders and the buying of those shares by the underwriters was fascinating to watch in the closing minutes. But this is not unusual, in fact, it is the norm when it comes to the valuation of stocks. Every stock, large or small, needs its underwriters to keep its valuation whether it be 500 million shares of Facebook as you see below or 500 shares trading of a penny stock. The basic fundamentals are the same.
The WDIS situation is fairly simple, the larger markets have access to underwriters and institutions who surround a given stock to protect their interest. To go public on the larger exchange requires several millions of dollars that the company going public pays to access these markets. The alternative is, the company can pay a few hundred thousand and enter on the lower exchange and build from there to the higher exchange, as has been the case with WDIS. This process takes much longer of course than a one day IPO, but it is still a valid course. What is required, however, on the lower exchange, the shareholder base acts, in essense, as "underwriters" to support the stock and its valuation. As this continues, the company can then take the steps to up list to a higher exchange, virtually handing the support of the stock over to the institutions who protect it at higher levels.
Yes! He Had Another
As we reported in the May 6th issue of E-Quill, "I'll Have Another", the now famous Kentucky Derby winner had an opportunity to defy conventional wisdom and do it again at the Preakness on May 19th. Well, he did it! The horse, with the colorful backstory of price, owner, trainer and jockey keep proving the analysts wrong. Let's see how this intriguing tale ends up in 3 weeks at the Belmont Stakes on June 9th. "I'll Have Another" will have a chance to be one of the few horses in history to capture the elusive Triple Crown. At Wordsmith, we love stories like this. It's very much in the wheelhouse of our content. Who knows? Maybe this too could be a "Good Story Well Told".
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