Globalnet GLBND (Formerly MFSI) Message Board

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Technology Stocks : Globalnet GLBND (Formerly MFSI)

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To: BeachDude who wrote (145)	7/2/1999 8:04:00 PM
From: Chris Helton	Read Replies (1) of 202

Nice call beachdude. I too had indicated that a reverse split could be OK for this company. Normally a reverse split occurs when a company is in trouble, thus the correlation of downward price adjustment. But this company is not in trouble, (It has lots of cash), it is just "pissed off" at the market and the Nasdaq for their silly rule of $4. Lots of really big announcements are coming next week and we will be hit with a really big one before anyone can even trade this stock on Tuesday. This will be really interesting to see what happens to the shorts as the institutions now pile into this one. By placing the stock well above $10/sh, the stock will hit a lot of radar screens and it will be marginable and on the Nasdaq shortly. Conditions have changed significantly in several short hours. I think it may actually be an Internet stock now.

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