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crossbow

10/17/05 9:53 AM

#3603 RE: dicer666 #3602

A reasonable gesture as the taxes will be of some concern to us all. I like the idea that the shareholders will have some voice on the matter.

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kickasks

10/17/05 10:08 AM

#3607 RE: dicer666 #3602

"These steps are required since IDS Worldwide, Inc., under the negotiated buyout terms, is not selling the entire HLS division and the IDS will maintain ownership in the new entity. "

What new entity?


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pantherj

10/17/05 11:33 AM

#3621 RE: dicer666 #3602

Now thats funny!! More gobbledygook! I especially like this part:

Finally, IDS counsel has informed the Company that under Rule 10b-17 there is a 10-day window prior to "any dividend record date." Therefore, any investors buying the stock up to the ex-dividend date will be eligible to receive the full value of the one-time special dividend. Due to tax considerations faced both by the Company and individual common shareholders, IDS Board of directors has decided to solicit shareholder input thru a shareholder vote subsequent to the completed breakout audit of the Homeland Security Division (HLS) regarding the timing of the payment of the special one-time dividend payout and the structure of said payout. All shareholders will receive the proper documents via mail from IDS Worldwide, Inc. though the Company's Transfer Agent. IDS feels it is more equitable to allow all shareholders to determine and assess the tax implications and timing of the one-time special dividend that will affect each shareholder.

In other words the company cannot pay a real dividend so now must find a reason to delay such payment indefinitely. Creating share holder confusion and demanding shareholder agreement on dividend structuring for tax purposes should accomplish the goal of delaying dividend payment until the end of time ... or revocation, whichever comes first.