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Microcap & Penny Stocks : China stocks CIND,CHRB.
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To: Robert Stewart who wrote (228)1/3/1997 7:20:00 PM
From:    of 303
 
Here is someone's opinion on reverse split, thought it might be of
interest.

Subject:
Re: Reverse Split
Date:
3 Jan 1997 12:27:55 GMT
From:
cannon@dwave.net (Kelly Cannon)
Organization:
StarNet Communications, Inc
Newsgroups:
misc.invest.stocks
References:
1 , 2

On 1 Jan 1997 21:26:45 GMT, Dave Petheram said...
>
>In <01bbf73e$ab4cf100$7070d6ce@#tlema> "E. Taylor"
><tlema@ix.netcom.com> writes:
>>
>>What is the best option in a reverse split, buy before the split at a >low >>price, or wait until after and the dust settles?
>If normal splits are so great, wouldn't a reverse split be just the
>opposite?
>dp

A reverse split is usually an action taken when the price of a
stock is very low -- like, sub-$. By raising the price, the
company can create new markets for its stock. For example,
if a stock is trading at $.75 and splits 10:1, it's new price of
$7.50 will make it optionable and also of greater interest to
institutions.

Kelly
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