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Gold/Mining/Energy : Nevtah/Tower Oil Intl.- NTAH
NTAH 0.00400-60.0%Jul 24 5:00 PM EST
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To: JW@KSC who wrote (3575)6/20/1999 8:19:00 PM
From: NYBellBoy  Read Replies (1) of 3817
 
Jim W. - In reviewing the SI -NTAH Thread I remember seeing 200 Million shares outstanding. If this is true a 10/1 reverse split would automatically start NTAH on its way to listing on NASDAQ or AMEX or ASE.

Primarily when reverse splits occur, like NRID (National Registry) it was to keep its Nasdaq listing. NRID is in the biometrics field which has been very slow to come to market. So, I have 1/6th or 1/8 the shares I had but we kept it listed. I still have hopes for this company.

NTAH appears to be on a unlike NRID. I think that NTAH is trying to do the reverse merger to make the stock immediately higher to form a base for the future. Then with some good news developing, fully reporting by October 99 is possible. Without a reverse split, I don't know how they could meet all the qualifications for listing.

IF there is a reverse split there might be a temporary pullback in the stock price, happens 90% or more. But if it was fully disclosed as we hope the price will recover or not go down at all.

Oil drives the world economy and if foreign oil becomes scare for any reason and NTAH methods recover oil from closed wells; sounds like a good business plan to me.

:)

BellBoy
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