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Microcap & Penny Stocks : ROTI - Harvest Restaurant Group Inc
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To: Edward Mamula who wrote (363)7/19/1998 4:16:00 PM
From: rrufff   of 1702
 
I agree we all oppose reverse split. However, this may be an entirely different situation from most. The key is that the merger go through and that we really wind up with shares of a new company.

It won't matter whether they call it reverse split or issue new capital, the net effect is the same I believe. I am speaking totally theoretically here.

Once the mergers goes through they will be issuing more stock and probably need to increase the legal amount of authorized shares.

The key to value is that we as shareholders are supposed to get, I believe 35% of a company valued at a very high number. If you take that number and divide it by all the shares of current ROTI shareholders, you get a price close to 3 I believe, all IMHO.

What you're doing is good, but I think the real key is that it goes through and management knows we support them and want them to continue to make sure they "maximize our values".
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