Dollar and Under Sleeper Stocks Message Board

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Microcap & Penny Stocks : Dollar and Under Sleeper Stocks

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To: Israel who wrote (6672)	5/8/1998 4:06:00 PM
From: Zvi Yammer	Read Replies (1) of 8835

Stocks that have no room to fall and reverse will continue their slide once the rv. split has been completed. However, stocks that have been steady or rising may simply reverse themselves to allow Funds and other investors to purchase them. Please look at OAK industries that rv. split from 1 1/4 to 6 dollars some years back and then went to 30 as bullish news was announced and big players bought. Also look at PHRX today which has asked its shareholders to approve a rv split in order to ensure compliance with the new SEC rule of trading over 1 dollar to maintain small cap status and keep offthe OTC:BB. A rv split would remove an unnecessay worry that PHRX's shareholders have and give them the confidence to buy more without worrying that the NASD will delist it. (PHRX has 8.5 million in sales 1.25 mil in cash and only 5.1 million shares out PHRX is in the midst of issuing some 8 million more shares to I-PAC manufacturing due to a merger. PHRX has also announced an agreement with ASL to design mfgr and market a new video product.) It would really throw a wrench into the PHRX game plan if the NASAQ would delist. The cure Rvs. Split. A reason to short?? I think not.

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