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Technology Stocks : Microprose, MPRS
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To: Coy Lynn Gullett who wrote (286)3/27/1998 7:57:00 PM
From: Snake1132  Read Replies (1) of 633
 
The Nasdaq will require MPRS to come into compliance with its listing requirements by May 23. I am already on record as stating that the Board met February 27 and discussed the reverse split with an aim to approving a 3, 4, or 5 to one reverse split. At this time I believe the company will announce in the next few weeks that it is going to put a 5 to one reverse split proposal to shareholders. I understand that many people don't trust what is posted on boards in general, and I agree that much talk is not to be trusted. I agree that people do not act wisely when they act on rumor, and I am not even suggesting a course of action to anyone at this point. However, this issue has been given a lot of (perhaps excessive) attention, and I believe it is in the interest of those people who are concerned about the split and who believe my posts are in earnest to know that I believe this issue is going to be confronted by shareholders, for better or worse, in the very near term. So take this as a "To Whom it May Concern" notice...

By the way, I'm on the one month free membership here... if anyone wants to publicly challenge my veracity by putting their money where their flame is, I hereby invite them to a wager of a membership fee to SI... anyone who really wishes to flame me need only post their acceptance! Anyone wishing to disagree with a measure of courtesy can know this challenge is meant only for those who prefer flame to civility!

Snake
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