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Non-Tech : Palweb Corp (PAEB)
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To: don denson who wrote (1388)1/17/1999 8:11:00 AM
From: jmt   of 2512
 
when a co. is in the very initial stages of development as CBNR is now- I think you might build a case for doing it!(reverse)

Don:

I respectfully disagree strongly. As you mentioned, you've see the statistics. The company is on a continuous slide, and as the sharks are circling, says it needs a reverse to get a Nasdaq listing. Nothing changes except more perceived room on the downside.

As we know in theory a reverse is a non event when looking at earnings per share and some multiple for the market. But when is a good time do a reverse? This company still needs to meet the net asset requirements and become fully reporting to the SEC, certainly 6 to 9 months away. And every emerging company has monumental plans and aggressive forecasts. The market needs to see these visions executed , and as stated earlier, the building of some earnings momentum to minimize the negative perceptions of a reverse.

I am hopeful Michael was thinking longer term on the listing, and would ask that he address the issue of the reverse directly.

jmt
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