"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..."
A $20 investment at the time of this press release is now worth $.0008.
A $100 investment at the time of this press release is now worth $.0040.
A $1,000 investment at the time of this press release is now worth $.04.
A $10,000 investment at the time of this press release is now worth $.40.
To just break even these shareholder need a monumental run from $.0008 to $20.
How can you invest in a stock where the CEO thinks a shareholder benefits by losing their entire investment? Morales seems to think dilution, reverse splits, and low share prices benefit shareholders. Maybe someone should give him a call and let him know the price per share is supposed to go up, not down.
Anyone who bought shares on the $.019 buy out press release that came out only weeks ago is now in the red as of today's $.0008 close.
The point continues to be that this stock is a money pit. It sucks your money and it never gives it back.
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."
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