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Microcap & Penny Stocks : Intl. Absorbents (IABS, formerly IABSF)

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To: swoboda4 who wrote (74)5/3/1997 2:57:00 AM
From: Russel W. Kennel   of 206
 
I am hoping they do not do a reverse split. Have heard and also experienced that these are not good for a stock. The company's job is simply to make money to maximize an increase in shareholder equity as quickly as possible. That will then enable a relisting.

Either that lumber deal will accomplish this, or it will further erode equity making it that much harder to come back from current operations.

I am hoping that the delisting is not evidence of more management and profitability problems contrary to the management statements on the interview.

Anybody know the truth of this matter?

Russ
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