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Microcap & Penny Stocks : GLBM expected to earn $.25 next year - A buy at $1.25

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To: LT who wrote (902)9/4/1999 1:09:00 PM
From: Proton  Read Replies (1) of 938
 
Re: Impact of Reverse Split

At the annual meeting, McCaffrey himself acknowledged the risks in a reverse split. Maintech's may be different (and not just because the f###-up fairy yet again visited Waterhouse -- I'm a customer, too!):

1. This has caused an implosion in the shares outstanding and float. Consider this: Friday's volume was equivalent to 334,500 shares before the r-split. We had rarely seen that sort of volume.

2. The price level brings a NASDAQ listing (along with marginability and institutional interest) within reach. This stock was going nowhere without those factors.

We may have been given tinder and an accelerant. All that stands between blazing glory and smelly stock certificates is business execution.

P.

p.s. Domestic Y2K fears are receding rapidly in the large corporate sector (Maintech's prospect base).
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