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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.
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To: joepcf who wrote (10124)9/22/1999 10:47:00 AM
From: myturn  Read Replies (1) of 150070
 
HCCAD update. I just spoke to NASDAQ on HCCAD. There is not a reverse split going on with this company. The reason for the D, "the company wanted to keep the same symbol and do a name change."
They pulled up all the paper work and there is no reverse split.

The only other thing that changes, will be the CUSIP #.

Now, from my understanding; I have seen companies literally change their name to force the shorts to cover.

Because from what I have been told, when the Cusip # changes, somehow it forces the ones shorting the stock to cover, because the brokers contact those people who shorted the stock to request their certs or something in that manner.

I only know of this happening one other time and I was witness of it.
It happen on IGHS. They did a name change and a symbol change to HQNT. Once they did it the stock ran from .50 to $3.00 in a matter of days. The run did not start til the the day of the change.

I was told the Cusip # will change on HCCA.

This is the NASDAQ # if anyone wants to call it.

Contact
Phone Number
OTCBB.com Help Desk
Web Help Desk or
E-mail OTCBB
(800) 777-5606
Changing Security Symbols and Names
Market Operations
(203) 375-9609

I am holding tight till I get word from the IR person. As soon as I hear something I will pass it on.
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