GTTIF - What's the latest news on Grandetel?? Message Board

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Technology Stocks : GTTIF - What's the latest news on Grandetel??

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To: Guy who wrote (44)	12/19/1997 3:30:00 PM
From: Albert Shilin	Read Replies (1) of 58

Guy, the new NASDAQ rule basically means that if a stock could not maintain bid price above $1 in the end of the coming Feb., it would be in NASDAQ's Bulletin Board (BB). "An easy way" to avoid it is to reverse split. For example, two shares become one or three shares become one. "A hard way" is to share back or have some good news to boost the stock price up. When I talked to the company and was told that they had not decided yet what to do. Namely, there is possibility they would do the "hard way". If the third quarter earning report (due in a week) is good, or they settle all lawsuits in early Jan., or they give very good perspective in the coming year, or the Grande Group (the parent company) starts to buy this stock, this stock is very easily to go up to $1+ like in the early Nov. I don't think that the management wants this stock to be traded in BB, the worst case is the reverse split. It is acceptable as long as no dilution. Since only two months left, we'll know the detail very soon. Happy holiday. Albert

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