Below is the press release that EWDI shareholders were given just before they saw their holdings reduced by a count of 12,000 to 1, toss in the later 20 shares for 1 reverse split and today's 6.6 billion outstanding share count really stands in the quadrillions. Here is the definition of quadrillions:
quad⋅ril⋅lion
[kwo-dril-yuh
n] 
Show IPA noun, plural -lions, (as after a numeral) -lion, adjective –noun
| 1. | a cardinal number represented in the U.S. by 1 followed by 15 zeros, and in Great Britain by 1 followed by 24 zeros. |
The exact reverse split adjusted number for EWRC from January 2008 using today's 6.6 billion outstanding share count is: 1,584,000,000,000,000. That's an awful lot of shares. Must make EWRC shareholders pretty excited to be holding shares that, reverse split adjusted, number in the quadrillions.
Back in 2008 when EWRL, I mean EWDI, I mean EWRC, with each reverse split it gets tougher to remember which ticker this company has had, decided to do the 12,000-1 reverse split there was even talk of a share buyback! That would have been great news. I bet it drew in a couple more suckers before the guillotine whacked whatever shares they bought into nothing.
Here is that big lie of a press release, once again protected by the Safe Harbor that is so boldly posted directly on the main page of EWRC's web site (BTW: EWDI = EWRC 2 reverse splits ago. Same company, same management, just before shares were reduced by a 240,000 to 1 count)
eWorld Companies, Inc. Announces Plans for Upcoming Reverse Stock Split
PR Newswire - January 10, 2008 9:41 AM ET
eWorld Companies, Inc. (Pink Sheets: EWDI), announced today that the company has filed the necessary paperwork and expects a reverse split of its common shares to be completed on January 17, 2008. The terms of the split will require all shareholders to turn in a physical certificate in order to receive their new shares. The Company has also announced that they are contemplating a stock buy back after the reverse is complete.
Upon releasing this announcement, Henning Morales, Chairman and CEO of eWorld Companies, Inc., stated, "This reverse split should benefit our shareholders in several ways. The movement to a significantly smaller number of traded shares will allow us to better service our legitimate shareholders, to better identify the magnitude of the short position we believe may have existed in our stock, and to signal the marketplace that we are positioning ourselves as a company worthy of serious consideration as we prepare to move out of our developmental stage and into our marketing and expansion mode. The timing of this restructuring is reflective of the steady progress of our fund-raising efforts, and coincides with the final beta testing of several Internet technologies that we will officially release to the public at our official launch in February 2008. We are very excited about the future of our company, and look forward to making additional important announcements in the coming weeks and months."
Just look at what the CEO is saying! The movement to a significantly smaller number of traded shares will allow us to better service our legitimate shareholders
You service your shareholders by reverseing their shares 12,000 to 1 and then 20 to 1 only months later leaving them with virtually nothing! A year later you dilute the stock back to 6.6 billion, how is that service? Seems like shareholders have been shafted to the tune of all their "investment". How is that SERVICE?
13:34 3/26/2008 EWRL eWorld Companies Inc Common Stock --------->EWRC eWorld Companies Inc Common Stock New 1-20 R/S
With EWRC's stock price cratering, even with a supposed $.019 offer on the table, one might have to wonder when the next reverse split will come. When it does come EWRC won't have to look hard for a new stock ticker. It looks like CRAP is still available.
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