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Microcap & Penny Stocks : DIAMOND EQUITIES DDEQ

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To: Jake11 who wrote (1011)7/21/1999 10:28:00 AM
From: Hockeyfan   of 1143
 
Reverse Split ???

Bloomberg shows a reverse split of 1 for 5. I think that somebody got the 1 for 5 dividend of GoProfit.com confused with a reverse split. People on RB were running around like chickens with their heads cut off (panicing) and selling. Rational investors have brought the price back up to $3.50.

I expect the price to stay in the $3.50 to $4.00 range until one of the following happens:
1) DDEQ clarifies both the reverse split screw-up and the date of record misconceptions - some people on RB on stating that you can buy now and pick up the dividend becuase the SEQ hasn't officially approved a date of record.

2) The underwriter is chosing and a timeframe for the IPO is set.

3) News of the GoNow acquisition is released.

As for me, I am holding.
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