fhtv Fisher Television Corp Message Board

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Microcap & Penny Stocks : fhtv Fisher Television Corp

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To: RSkarsten who wrote (110)	9/14/1999 11:18:00 PM
From: ajs	Read Replies (1) of 641

Russ, Your theory sounds very nice, the only problem is that there was no IPO. Bill Fisher bought a shell by name of "Storage Systems" (Symbol:SGYT) in early April and reverse merged his company to it. Then he did a reverse split (1:4) and changed the symbol to FHTV. After the reverse split, each share was about $8. But as with 99% of reverse splits, new shares were issued and given to PR firms to promote the company and these firms dumped the shares instead of holding them. Also some of the insider-restricted shares became free trading a few months after the merger and those shares were also dumped to the open market. That's why the price came down from 8 to where it is now. But the price is not a true reflection of value of the company. IMHO, the float is dried up considerably and any real buying will move the price up very quickly. I also added to my position today @ .22 and will add more if the opportunity arises. Good luck, ajs

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