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Microcap & Penny Stocks : QDRX

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To: Steve Casey who wrote (3933)9/29/1999 4:21:00 PM
From: phoenix  Read Replies (1) of 3977
 
Steve and All,
I don't have sufficient legal experience to decipher the documents. However, I can do a little math. We get 1.25M shares out of 25M. Since ODRX had about 44M outstanding, the reverse split is 36:1. Pond will give us $.05 per share. Therefore, our current shares are worth $.05/36 = $.0014. In other words, 7 shares of old QDRX gets you a penny.

Victor with sales of $25M and profitable is worth around $.50 per new share. Pond is offering existing shareholders between 10 cents on the current dollar value. Even if you do not sell your shares to Pond and QDRX/Victor prevails, the best case is you get stock worth less than 2 cents a current share.

The ballgame is over, the fat lady has sung, the maintenance crew just turned the lights out.

Roger
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