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Microcap & Penny Stocks : SCTU - SC & T International Inc.
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To: Mr. K who wrote (377)4/18/1998 1:17:00 PM
From: william Velmer  Read Replies (1) of 741
 
Concerning the reverse: The company needs shareholder approval before
any reverse can take place! Management holds such a small amount of
stock that it is going to be hard to achieve a successful vote!
The same goes for the approval of additional shares.
A reverse and an issue of 50 million will be very dilutive--I do not
believe shareholders will go for it!! They just got almost $2 million from a settlement--cash position should dampen the need for
sudden changes in capitalization. I am not sure that just because
the company would like to increase the authorized by 50 million does not mean that they would al be issued.

Bottom-line: A reverse by 10 to 1 and a four dollar stock price would
allow the company to sell a few million shares of stock in a secondary
and raise additional work capital.

At this point we have nothing to worry about! Votes are the key
and in my opinion the vote is short!

I do believe that newsletters like "undervalued DOG" cause a real
negative to neophyte investors--The hype is running HOT and less
experienced investors eat it up! Again, we wrote a research report
on SCTI with guidance from management--If you have not seen our
Corporate Profile--feel free to visit our site, www.saadvisory.com
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