venm the CEO doesn't believe this crap. says it could be a couple of months before the site even opens. Also according to my calculations, 198,000,000 market cap means 10,000,000 shares outstanding not 1,000,000 as reported here
Worldtradeshowcom Triples as Stock Is Touted on Internet
Las Vegas, May 18 (Bloomberg) -- Worldtradeshow.com Inc. shares almost tripled as the developer of a Web site devoted to conventions and trade shows was touted on Internet sites for investors, its chairman said.
Worldtradeshow.com rose 13 to 19 3/4 in trading of 134,000, almost 35 times its three-month daily average.
Chairman Sheldon Silverman said he'd heard from some investors that the company was being talked up on the Internet, though he had no news to account for that today. The Las Vegas- based company posted an informational brochure on its own Web site about a week ago. It might be as long as two months before its site will be open for business.
''I'm in total shock here,'' Silverman said.
Worldtradeshow.com plans to broadcast conventions and trade shows on the Internet, take hotel and rental-car reservations for convention-goers, sell products of convention exhibitors and run chat sessions for participants.
The company's shares traded as low as 1 5/8 as recently as March 16. Today's leap in its shares boosted its market value to $198.1 million. |
