CMYN Message Board - Msg: 3943903

STOCKTALK

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Gold/Mining/Energy : CMYN

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To: Hugh M. who wrote (542)	4/3/1998 8:39:00 AM
From: James F. Hopkins	Read Replies (1) of 811

Hugh; If a reverse split is in the making some people will hold their shares. No matter how you look at it even with a 1/64 spread it cost min of 25% to sell your stock right now, often 50%..and the same to buy any..a stock trading at these levels on the nasdaq is silly, but not for the Market Makers. If they can move enough volume they make out just fine. How it will effect things I'm not sure we should know today..my guess or hunch is that people may hold the stock if they think there is a chance or a reverse split. On the other hand they may panic with the notice that the nasdaq may de-list her. But my bet is that more of them will hold, as that de-listing is out in July ..and there is time to fix her if managment acts. Jim

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