INTA - Intasys Corp.- Dynamic Growth Message Board

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Microcap & Penny Stocks : INTA - Intasys Corp.- Dynamic Growth

INTA 39.28

+1.6%

Jan 26 3:59 PM EST

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To: DAVID EARP who wrote (230)	6/14/1999 2:08:00 AM
From: Toby Zidle	Read Replies (1) of 378

In the case of a $6 stock, a split does not "increase liquidity for mutuals to come in and buy." First, a $500,000 investment represents the same percentage of equity (and, thus, liquidity) before or after a split. Second, many, many mutual funds have rules against investing in stock selling below $5. A split takes INTA out of their buying universe. Finally, if after splitting, INTA suffers a down market, it may have its NASD National listing in jeopardy. I believe NASD is intending to enforce its rule to delist companies that trade under $3 for any extended period of time. INTA could get caught in this trap. Splitting any $6 stock is counterproductive.

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