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Gold/Mining/Energy : CMYN
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To: James F. Hopkins who wrote (551)4/3/1998 10:06:00 PM
From: Dave Johnson  Read Replies (1) of 811
 
Guys a reverse split is going to kill you.
Lets say the stock opens at $10 after it is
reverse split and you bot in at 1/16.
Your gob of shares is now priced at $10/share.
What happens when it goes to $9???

PANIC!

You better believe the people that want to sell
will sell like wildfire until the stock goes
back to 1/32 - thus wiping you completely out!!!

There just in no value to this company at this point.

Its happened before- Reverse splits are death to
stock holders. I can't agree it is bullish at all.
Caveat Emptor to buyers!
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