Daytrading Canadian stocks in Realtime Message Board

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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: Canuck Dave who wrote (57604)	9/27/2002 10:17:58 AM
From: the Chief	Read Replies (1) of 62348

About 80% of all Reverse splits end up being worth less than the pre-split value, by about 25%. So you are now seeing the shorts pile on this thing like its going out of style. NT should likely hit .62c just before the split. Then the split will have to be done about 1:25 to get $15.00 Canuck, that will result in a further deterioration to about $11.50 Canuck after the split. Doing the regressive math..that works out to about .46c per original share. People are going to pissed. Especially because NT will no doubt then issue out a tonne of shares at $10.00 Canuck to reduce debt!

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