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Microcap & Penny Stocks : KLOC: wishing on a star
KLOC 0.00Oct 4 5:00 PM EST

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To: Gary Montana who wrote (352)8/4/1997 4:59:00 PM
From: c. w. oakes   of 581
 
Gary: A reverse split is bad news plain and simple. I think it's a last ditch effort to save them from being dropped from nasdaq. If the stock wasn't so diluted to begin with, and the company could show a respectable EPS, a split wouldn't be neccessary. This time next year if the split does occur, the price will drop back to it's present levels. I have yet to see a reverse split that has been good for the shareholders, they almost always lose big. IMO.

Sincerely:
C. W. Oakes
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