CCEE Breaking Out Message Board

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Microcap & Penny Stocks : CCEE Breaking Out

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To: big guy who wrote (12451)	3/13/2000 10:47:00 PM
From: Jim Gary	Read Replies (1) of 12454

big guy: The last split for this stock was on 3/30/98 when it split 1 for 10. In my experience reverse splits have only portended disaster. I seem to recall that when it split in '98 approval was given to the board of directors to split as much as 1 for 20, but I may be remembering another dog I owned at the time. This stock went from above $90 in early 1993 to less than $.50 in March 1998 when it split 1 for 10 which meant every 100 shares became 10. Now on a pre-split basis it would be about 21 cents a share. A real "barn-burner!" After having shown some modest gains recently I really do not understand why they want to butcher it again with another reverse split. A 2 for 1 split would reduce the share price to $1.25 instead of $2.50. What gain is there in that? Mysterious isn't it? Check their latest 10-K which released today at: biz.yahoo.com They sold the rest of the only money maker they had, "Softworks", last December. Now they seem to have nothing but red ink. Doesn't look pretty. Jim

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