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Technology Stocks : Microprose, MPRS
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To: Marc Bell who wrote (508)4/15/1998 5:10:00 PM
From: Mad Bulgarian  Read Replies (2) of 633
 
Is there something significant about the price being exactly $2 - turning into exactly $10 after the reverse split? Seems artificial that the market makers are channeling MPRS so narrowly.

I know that with other stocks the MMs might settle the price to an even number at option expiration so as to expire the most options worthless (or at least that's the theory) - but certainly not here.

As for the reverse, it seems that the only negative is that shorting will again be allowed - and I don't think MPRS is a good short candidate, given the already battered price and the relative lack of liquidity. You short YHOO, not MPRS.

Otherwise, why not reverse split? I totally buy the Co.'s response that visibility is way lower off the NASDAQ, and that holding rules might cause some institutions to bail.

So we come to the bottom line: are they selling lots and lots of product for lots and lots of money?
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