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Pastimes : Georgia Bard's Corner

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To: Ga Bard who wrote (1763)	5/9/1998 9:17:00 PM
From: Crossy	Read Replies (1) of 9440

MCXY .. SanTi Inc / Microlytics.. Gary another reverse merger. Unfortunately they are doing a 400:1 reverse split and the pre-split shares are already at 0,05 - retaining post-split $20 - which is way too high. Should drop quick after split I mean. biz.yahoo.com OTOH, the acquiring company SanTi is profitable $30 million annual sales in the medical wast industry. Post split & merger there should be 8,3 million shares outstanding. If we assume PSR of 1 I would give the new SNTI (ticker change soon) a trading value of $3.5. Anything under $1 post split looks like a buy..

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