GLTI (Global TeleMedia International Inc.)-fomerly GTMI Message Board

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Microcap & Penny Stocks : GLTI (Global TeleMedia International Inc.)-fomerly GTMI

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To: james hoag who wrote (511)	12/5/1999 5:26:00 PM
From: thomas a. burke	Read Replies (1) of 613

James, 45,000,000 shares outstanding is considered reasonable, although it depends on the companies objective for doing the reverse split as to how many shares they want. If they are doing the reverse to qualify for Nasdaq listing then their priority is to raise the stockprice. GTMI has basically traded around .15 for the last year or so with a few hype induced spikes. If you do a 20/1 reverse that may lift the price to $3.00 but if it follows the pattern of the vast majority of reverse splits, the stock will crash and burn to much lower levels. I believe a Nasdaq stock must hold $4.00 for 30 consecutive days. IMO the only shot of GTMI stock meeting that requirement would be a 50/1 reverse. This would elevate the stock price to $7.50 before the downward spiral would begin. It would give you a "correction zone" of $3.50 and with any luck GTMI could hit the brakes before going back under $4.00 and maybe hang on for a Nasdaq listing, doubtful though IMO. Are those numbers "real" enough for you? Tom B.

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