Man this sounds like some sort of rerun when they were only 200 feet away from the Alaskan oil pipe line.
Company Plans to Change Its Name to International Energy Ltd.
A name change, a re-suffle of the shares (reverse split) then a symbol change, this is nothing more than a stock swap with an abitray price attached to it, it all sounds way to much like SOS and a BIG RED FLAG!
Lets examine this last PR a little closer?
ORLANDO, FL--(MARKET WIRE)--Dec 15, 2005 -- BDW Holdings, Ltd. announced today that it has reached an agreement to purchase all the outstanding shares of Transworld Oil & Gas for stock of BDW Holdings, Ltd. The company also plans to change its name to International Energy Ltd.
BDW plans to consolidate its present shares on a one-for-one-hundred basis( reverse split) and purchase all the outstanding shares of TWOG for the equivalent of $0.085 per TWOG share, in new shares of what will be International Energy Ltd.
After the purchase of TWOG, the new BDWH intends to become a reporting issuer and list on a higher exchange(all pinks say that), not only in the US, but will also seek listings overseas.
About BDW Holdings, Ltd.
BDW Holdings, Ltd. intends to become a worldwide company specializing in the extraction and production of oil and gas(Hmmmm that is what TWOG said). The company's vision is to establish and enhance the company's foundation for future growth by developing properties that provide a balance between short and long-term reserves in both the oil and natural gas markets. Oil and gas related activities will include acquiring additional properties with potential for development and drilling.(more of the same BS) The company will work to establish and maintain a significant inventory of undeveloped prospects. The company emphasis is on production, cash flow and reserve value, which will be attained by exploring for, developing, and purchasing oil and gas properties worldwide. ( didn't TWOG just talk aboutthe same thing?)
Warning to all: this is just another round about way to continue the share dilution and con game.
Buyers beware
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