Georgia Bard's Corner Message Board

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Pastimes : Georgia Bard's Corner

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To: JEM who wrote (176)	4/24/1998 11:27:00 AM
From: musicguy	of 9440

JEM, In my limited experience, I have been in 2 reverse splits... One was NHTCD which was a DISASTER... a reverse 300 - 1 split, yes 300... the resulting stock traded at 3.50 if I remember correctly, then fell to 1 3/4... ouch... Then there was GMTI... 5-1 split, resulting price 1.25 went over 4 in a few weeks and is still between 3 1/2 and 4... I have this as a long hold.. I bought in @ 9/32 pre split and love this company... they get paid to take away old tires, they then turn them into "crumb rubber" which they use in a new better longer lasting asphalt for road surfaces... they get paid on both ends.... environmentally cool company, contracts with state governments pending..... trial roads paved in GA... Bard may be driving on them.... the point is I guess that in my admittedly short experience, I believe if a company is sound a reverse can be a positive ... if not, look out... cheers, MG

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