WORM44 - IWWH

[MSM]

IWWH
HAS BEEN CHANGED TO IWWD AND HAS DONE A REVERSE SPLIT. SO ANYONE THAT BOUGHT IT SHOULD BE AWARE OF IT. I TALKED TO MY BROKER AND HE DOESN'T HAVE THE RATIO YET BUT IS AT .10 PER SHARE. IF ANYONE KNOWS THE SPLIT RATIO, LET ME KNOW. OTHERWISE I WILL POST AS SOON AS I FIND OUT.
THANKS
MSM

 

[HoopsGuru]

iwwh had a 1:100 reverse split. got this info via scottrade.

 

[MSM]

THANKS HOOPS!
WORM - YOU'VE FOLLOWED THIS STOCK, WHAT IS YOUR RECOMMENDATION ON THIS.
THANKS
MSM

 

[worm44]

I had sold half-thank god, of my position--this is the danger with penny stocks...we just got fuked....I would have to know how vested you are in the stock to give you my opinion...I have a etrade alert on my beeper so I am dumping this as soon as possible-it might take some time to get rid of it...this is the WORST thing that can happen...........of all the stocks I gave out here in the last 3-4 months this is the only real loser-but its a dosey.........I will help with any questions you might have..

 

[vanbasten]

worm,

i have 600,000 shares of this stock, which when i bought it was about 900$.

all the info i have on it now was the last market value of 420$ and the following:

"INFORM WORLDWIDE HLDGXXX1 FOR 100 REVERSE SPLIT EFF 03/01/05"

let me know what you think.

thanks in advance.

 

[worm44]

The horse has left the barn here.....I know money is money but if I was in your position I would hang on to my shares and see if there is any run in the price over the next month or two-if not I would sell what you have left and put it in the loss column...reverse plits are the worst thing that can happen and they are the danger of dealing with sub-penny stocks....

 

[vanbasten]

no worries, that was my thought as well. i've been on both sides of these stocks. the actual dollars i risk here are a very, very small percentage.

thanks again.

 

[Captain Crunch]

reverse plits are the worst thing that can happen and they are the danger of dealing with sub-penny stocks....

They are the kiss of death, especially a 100:1. I unfortunately have been down this road in other stocks. I don't think to many of them rebound after one of these, but best of luck to you if you decide to hold for a while.