Scriptel Holdings, Inc (SCRH) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Scriptel Holdings, Inc (SCRH)

SCRH 0.0001000

0.0%

Jul 24 9:32 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Shannon Mitchell who wrote (78)	6/5/1997 9:56:00 AM
From: Patricia Smith	of 159

Reverse splits are done to bring the stock price to a "respectable" level and attract a different kind of investor and analyst. No major brokerage house can recommend a stock under $10, most of the reverse splits I've seen have tried to get over that. A one for ten reverse split for Scriptel would only give us a $1 price. I really don't think they'll bother to do it for that. A reverse split is often interpreted (sometimes accurately) as a last-ditch effort. I don't think they'll risk that label without bringing the price up higher than $1. I still think this might take off when (if) profits are announced. I've seen stocks shoot up when companies finally report profits after years of losses. I don't know if they've scheduled a tentative date for this split, but they might wait until they report a profitable quarter and see what happens to the stock price and split from there. If they're on target, that will be April, 1998. In the long run, I don't think this split will make any difference to us one way or the other. Profits will. In my opinion Pat

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next