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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.
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To: Taki who wrote (55633)7/20/2000 3:01:56 PM
From: SSP  Read Replies (1) of 150070
 
My CHIP shares were acquired at 1.5 cents, even if there is a reverse split, I can't lose - my cost just went up today though.

Remember people, when a reverse merger takes place the acquired company needs between 80-90% of the shares, usually this is done by:

A) by reverse splitting the shares and issuing more,

B) By issuing 100 million or so more shares and leaving the current as is.

If the new company formed has a low float and O/A there will probably be a forward split :-))
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