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Technology Stocks : CAWS - Wireless Cable (New and Improved)
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To: Ken Turetzky who wrote (4417)1/10/1998 11:24:00 PM
From: BARRY ALLEN   of 5812
 
With 40 million shares outstanding and 18 million in the float, a 1/10 reverse split will not cause a free fall in price but maybe even an upturn with some positive news! Reverses usually fall because of selling pressure. Let the shorts sell CAWS after a reverse and sooner or later you will have a tremendous squeeze with less than 2 million shares in the float! Of course this is all hypothetical. Bottom line here is that a reverse split is the only way CAWS will be kept off the BB/pink sheets and on NASDAQ! Remember, most brokers can't recommend a BB stock unless very strict requirements are kept. I don't think CAWS can survive just on word of mouth unsolicited orders.
(Btw, my average is $8.00.)
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