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Gold/Mining/Energy : Transglobe Energy Cp

TGA 3.720

0.0%

Oct 14 5:00 PM EST

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To: Alan Brezin who wrote (1465)	5/14/1998 4:34:00 PM
From: 91fxrs	Read Replies (1) of 2826

Hi Alan, I think we should stay away from reverse splits unless absolutely necessary ie: delisting to the BB arena. Some of the companies I have followed did reverses because they needed to authorize more shares and couldn't because they were at their authorized limit. This is not the case with TGLEF as far as I know. There are a few success stories when it comes to reverses, but I have found most are unsuccessful. Shorters have much more room to short when a company does a reverse split. I think we have a problem if we have to do a reverse in order to get support. Just my opinion, Richard

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