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Microcap & Penny Stocks : BUTY, Beautymerchant.com INC.
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To: komarac who started this subject9/23/2000 3:44:59 PM
From: EL KABONG!!!   of 3
 
dzafovic suljo,

Boy, you sure don't post very often do you?

You asked "Why is this not a $2.00 stock?".

Well, it's not a $2 stock primarily because it's currently priced at under 4 bits a share. I know! I know! Hard to believe isn't it? But the reality is that Mr. Market has seen fit to suggest a current price much lower than where you perceive it should be.

However, all is not lost. If you feel really strongly that this should be a $2 stock, then I suggest you write to the company and inform them about the possible merits of a reverse split. A reverse split is sort of like the more normal forward split (say twice the number of shares at half the price). But in your suggestion, you could have them drop the number of shares and increase the price. I figure that a 1:5 ratio might work out well, as this will leave some margin for error should the share price inexplicably drop after the reverse split.

So whatcha think? Good suggestion or what?

KJC
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