SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : PAYP

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Ga Bard who wrote (122)7/24/1999 9:35:00 AM
From: TOPCAT1  Read Replies (1) of 179
 
I agree... change of name and cusip number does not cause a short squeese unless the people who are short have their door knocked on by the NASD (I would sure find it difficult sleeping at night if I was told to replace the pre-consolidation stock when I knew that I had sold most of it)...

But... at the very least a name change and new certificates will have the net (100% absolute) affect of determing the precise number of shares out and only allow those shares to trade...

So... if it is true that the company has been buying shares after the consolidation with the intent of cleaning the stock up for future promotion based on a financing and development of a communication business, then I am hoping the downside risk is small and the upside potential is much larger than its current price of $0.10...
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext