Direct Focus Inc. (DFXI) Message Board

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Gold/Mining/Energy : Direct Focus Inc. (DFXI)

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To: Mark Hill who wrote (194)	2/24/1998 4:46:00 PM
From: Gordo	Read Replies (1) of 768

Thanks for the info. BFX sure had a nice little pop today. It looks like there was some institutional buying as well, with Sprott taking 100,000 shares this morning. Although a NASDAQ listing would be nice, I wouldn't want it to be done at the expense of existing shareholders. An easy way to increase the float may be through a share split, rather than through a new equity issue. However, in order to support a 2 for 1 split, we would need to see some further increase in share price, as I believe the minimum price requirement for a NASDAQ listing is still $3 (US), or about $4.35 Cdn, which translates into an $8.70 pre-split price. If BFX can maintain a P/E in the low twenties, than an $8.70 price point may only be a couple of months away (assuming EPS of $.11 for Q4 '97 and $.13 for Q1 '98). Just wishful thinking? Gord

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