Spider Resources - SPQ.ASE Message Board

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Gold/Mining/Energy : Spider Resources - SPQ.ASE

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To: bill who wrote (332)	3/30/1998 10:22:00 PM
From: G	Read Replies (1) of 471

I agree that consolidation is a bad thing for current shareholders. look at wim 3:1 from 3.75 down to 40 centsin less than a year. As for WT i thought it was 7:1 your figures are wrong if im right. I sold WT before it consolidated at 10 cents. FYI IMO SPQ will become become like URP,RRK etc.... worthless they are way overvalued for a company with no revenues. The 2 just mentioned have no revenues as well trade at 7 cents but only 1/3 of the O/s shares SPQ has issued. My calculations show SpQ is worth no more than 4 cents a share. one months time should prove my point. once it drops below 9 cents look out.

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