I bought into SJET after reading about it in a Stockprofit email newsletter. I liked the chart and I liked their past picks so I bought some.
The chart and recent news quote.yahoo.com
I paid $18 and it is trading at $23.50 as of March 27/1999. I bought my SI membership in part just to start this thread. I can't believe SJET is so unknown and am hoping the stock split of March 26 will remedy that, while making the stock more affordable.
Here's the news of the split.
Thursday March 11, 2:28 pm Eastern Time
Company Press Release
SOURCE: Sonic Jet Performance, Inc.
Sonic Jet Performance, Inc. To Split Shares Two For One
HUNTINGTON BEACH, Calif., March 11 /PRNewswire/ -- Sonic Jet Performance, Inc. (Nasdaq: SJET - news) announced a two for one forward split of its shares. Holders of record as of March 12, 1999 will receive the distribution on March 26, 1999. There are now approximately 6,500,000 shares outstanding at this time and after the distribution there will be just under 13,000,000 shares of common stock.
Alex Mardikian, President of Sonic Jet Performance stated that, ''Our Board of Directors approved the two for one stock split in an effort to provide more liquidity for our shares and to broaden our shareholder base.''
Sonic Jet Performance, Inc. is a fully integrated commercial, personal water craft and recreational/sport boats manufacturing and sales company which operates both in the U.S. and internationally. The company's products combine power, safety, stability, handling in rough water and high speed performance. The Company's Fire and Rescue Jet line is truly unique and has become the water rescue vehicle of choice based on units already in service. For additional information visit the Sonic Jet web site at www.sonicjet.com.
SOURCE: Sonic Jet Performance, Inc.
Contact Sonic Jet here.
Sonic Jet International
15662 Commerce Lane
Huntington Beach, CA 92649
(714) 903-0055 - fax (714) 903-0025
And visit their website sonicjet.com |
